San Francisco, CA, March 11, 2010 --(PR.com
)-- Cornish & Carey Commercial/ONCOR International (C&C), the dominant real estate force in Northern California, today announced that Michael Maffia, Putnam Daily and Justin Stark have joined C&C to form the new C&C Leased Investment Group – Maffia Team. The Group will be based in the San Francisco office and led by Michael Maffia, one of the top leased investment brokers in the country. The C&C Leased Investment Group – Maffia Team is a new addition to the C&C Investment Sales Platform led by President Erik Doyle.
The C&C Leased Investment Group - Maffia Team will continue to focus on the sale of properties leased to national, international, and regional companies on a net basis. The Group will offer expert advisory services that include assistance in 1031 tax deferred exchanges, sale-leaseback financing, and exclusive disposition and acquisition needs of Sellers and Buyers.
As an industry leader in the sale of leased investments, the C&C Leased Investment Group – Maffia Team encourages its clients to pursue opportunities that preserve wealth while reducing credit risk and require minimal management responsibilities. Leased investments provide a secure stream of income to clients seeking a well-balanced portfolio of real estate investments. Over the past decade, the Maffia Team has provided superior advisory services to its clients.
“I am excited to welcome the Maffia Team to the Cornish & Carey family,” said C&C CEO Chuck Seufferlein. “Michael has an outstanding reputation of bringing great value to his clients and is a true market expert in net leased investments. With Michael at its helm, our new C&C Leased Investment Group – Maffia Team significantly expands the firm’s Investment Sales Platform, to both new and existing clients.”
Michael Maffia has been named Managing Director of the C&C Leased Investment Group – Maffia Team. He represents both institutional and private capital clients in the acquisition and disposition of leased investment properties. Prior to joining C&C, he was a Managing Director and Partner at Cassidy Turley/BT Commercial and was recognized as the #1 Producer companywide in 2007, 2008 and 2009. He has closed transactions totaling approximately 6.7 million square feet representing in excess of $1 billion in recent years. Mr. Maffia earned a B.A. in Economics and an M.S. in Applied Economics and Finance from UCSC.
The other Maffia Team members joining C&C include:
- Putnam Daily, Vice President - Mr. Daily joined the Maffia Team in 2005. He specializes in investment sales and transaction management. Mr. Daily is a graduate of the University of California at Berkeley.
- Justin Stark, Sales Associate - Mr. Stark joined the Maffia Team in January 2009. Previously, he spent three years with Coldwell Banker Commercial. Mr. Stark is a graduate of Suffolk University.
“I am excited to be a part of C&C, which for over 75 years has been one of the largest privately held commercial real estate companies in California,” said Mr. Maffia. “C&C is an ideal place for the Maffia Team to grow because of the firm’s close ties to investors in Northern California, its extensive retail leasing platform with C&C Retail, and an investment division that includes a Capital Markets and an Asset Advisory Group. The combination of these and C&C’s other services will create the foundation for continued success.”
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 13 strategically located offices - Santa Clara, Palo Alto, San Mateo, San Francisco, Larkspur, Santa Rosa, 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: www.ccarey.com.