LOS ANGELES-Toronto, ON-based commercial real estate services firm Avison Young has acquired Starrpoint Commercial Partners Inc., a full-service commercial real estate brokerage firm specializing in the Santa Monica submarket here. Starrpoint has an emphasis on representing high-tech and media firms that have migrated to “Silicon Beach,” another term for the Santa Monica market. The change in ownership brings industry veteran Randy Starr, founder and CEO of Starrpoint, and Tim Dornan, Starrpoint’s principal, to Avison Young’s L.A.-area operations.

The newest American office marks Avison Young's third Los Angeles location and an additional step in the firm's aggressive growth and expansion strategy. Terms of the acquisition were not disclosed. The purchase further expands Avison Young’s market and business-line coverage in the L.A. area.

Effective immediately, Starrpoint’s current office at 301 Arizona Ave., Suite 202, in Santa Monica, will be rebranded as Avison Young. Also effective immediately, Starr becomes a principal of Avison Young and will lead the company’s efforts to expand its presence and generate transaction volume in Silicon Beach. Dornan will be VP in the region to support those efforts and will be heavily involved in additional business development.