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Guthrie Development Buys Certified Asset Management

LAGUNA HILLS, CA-A string of mergers has dotted the commercial real estate landscape in recent months as companies seek new marketing synergies while avoiding the need to start new offices from scratch.

By Erin Cassin | Updated on May 03, 2001

LAGUNA HILLS, CA-Guthrie Development has acquired Certified Asset Management Corp., the latest in a string of mergers in the commercial real estate business.

Guthrie Development is a small but fast-growing building and real estate investment company. CAM, to be renamed Guthrie Asset Management Co., manages more than $25 million in assets. Both companies are based here in South Orange County.

CAM will be used for property and asset management of all GDC projects, in addition to third-party properties. The acquisition of CAM is part of GDC’s growth strategy, as the firm has been buying up multi-tenant industrial parks to generate long-term income.

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