Cornish & Carey Welcomes Allison Gorelick to Investment Team
Allison Gorelick has joined Cornish & Carey Commercial/ONCOR International as vice president of the firm. Mrs. Gorelick, a LEED AP-certified and Chartered Financial Analyst, brings to C&C more than 15 years of development and financial leadership experience. She joins C&C President Erik Doyle’s investment team and will be based in the firm’s San Francisco office.
Prior to this appointment, Mrs. Gorelick was most recently a vice president with SARES•REGIS Group. SARES•REGIS Group is one of the largest, most diversified private real estate companies in the Western United States. The company develops, acquires, builds and manages a variety of commercial and residential properties for sale, lease and investment. In 2006 she was chosen to found SARES•REGIS Group’s acquisitions team.
“I am thrilled to welcome Allison to the C&C family and to my investment team,” said C&C President Erik Doyle. “With an extensive background on the principal side of commercial real estate acquisition and development, Allison clearly understands the needs and expectations of our clients. As a LEED-certified broker and CFA, she possesses a unique skill set that will be an extremely valuable resource to both the firm and our clients.”
Mrs. Gorelick’s recent commercial real estate development and acquisitions accomplishments include:
Acquired a $52.6 million, three building multi-tenant, 475,000 sf Class A warehouse distribution facility and the adjacent 40 acres in Richmond, CA. Completed in May 2008. Received entitlements for 640,000sf of additional industrial development in December 2008.
Acquired a $21.4 million 246,500 sf industrial building in Fremont, CA. Completed in June 2008.
Acquired a $40.5 million 200,000 sf 12-story Class C office building in San Mateo, CA in August 2007. Completed a $3.5 million renovation of the project to Class B office in May 2008.
Developed a $215 million 550,000sf campus in Culver City, CA with LEED Silver Certification. Completed in October 2007.
Developed a $47 million 205,000sf campus in Springfield, OR. Completed in July 2005.
“As both a project manager, and the head of an acquisitions team of a development company, I have overseen every aspect of the development cycle -- from property acquisition and entitlements to construction, the leasing, and ultimate disposition of a project,” said Allison Gorelick. “My time will now be focused on the aspects of commercial real estate that I most enjoy and at which I excel -- evaluating assets, understanding the needs of potential buyers and sellers and negotiating deals. In the current environment, I’m looking forward to being able to bring the perspective that I have gained as an owner to try and help parties maximize the value in their assets.”
Prior to SARES•REGIS Group, Mrs. Gorelick was vice president of Business Development with Stonepath Group, a publicly traded venture capital company funding early stage tech start-ups. Before Stonepath, she was director of Acquisitions with Alert Alarm Company where she grew the company 132% within 18 months, through acquisitions and assisted in the negotiation and sale of the company to a private Fortune 50 company.
“I’m looking forward to building a successful future with Cornish & Carey,” added Mrs. Gorelick. “The combination of C&C’s unparalleled research and leasing brokerage, along with C&C Capital’s lending knowledge offers an unbeatable platform to investment clients. Having worked on a number of transactions alongside Erik Doyle in the past, I am thrilled to be joining his team.”
Mrs. Gorelick has also previously held leadership positions with Banque Paribas and Chase Manhattan Bank. She earned her B.S. in Business Administration from the University of Vermont.
About Cornish & Carey Commercial
A dominant regional real estate force since 1935, Cornish & Carey Commercial/ONCOR International provides a full range of services for both property owners and companies occupying buildings throughout Northern California. More than 250 agents uphold C&C’s core values of integrity and knowledge creating a powerful combination of people and services. With 11 strategically located offices - Santa Clara, Palo Alto, San Mateo, San Francisco, Oakland, Walnut Creek, Emeryville, Pleasanton, Hayward, Roseville and Sacramento - Cornish & Carey Commercial is one of the largest privately held commercial real estate service providers in the world. Our services have expanded throughout the United States and to major markets internationally in conjunction with the company's affiliation with ONCOR International, an organization of leading brokerage firms in North, Central and South America; Europe; Africa; Asia and Australia. For more information, visit Cornish & Carey Commercial online at: http://www.ccarey.com/