SAN FRANCISCO-Westcore Properties, a San Diego-based real estate investment firm has opened an office here as it searches for $150 million worth of Northern California properties to buy over the next 12 months. Already, the firm has placed under contract some $50 million worth of properties in the region.
“Over the next 12 months we plan to aggressively invest approximately $150 million in office, industrial, retail and land in this region,” says Westcore president Marc Brutten, who has tapped Neil Johnson to run the office and direct acquisitions. Prior to Westcore, Johnson was a vice president of acquisitions and development with Legacy Partners Commercial LLC in Foster City, CA, responsible for sourcing new office and industrial acquisitions in the Bay Area and Seattle regions.