Corporate Mergers
Nov 1, 1998 12:00 PM, SHOPPING CENTER WORLD STAFF
Newport Beach, Calif.-based Coreland Pacific and The Carlson Co., Costa Mesa, Calif., are merging to form Coreland Carlson, a privately held, full-service real estate firm. The firm will offer property management, asset management, leasing, investment sales, and construction and tenant improvement management. The company's portfolio comprises more than 13 million sq. ft. of office, retail and industrial properties. Coreland Carlson will be headquartered in Tustin, Calif., with 15 satellite offices on the West Coast and in Texas. The company will employ a workforce of more than 140 people led by principals Pat Galentine and Chris Hite, formerly of Coreland Pacific, and Paul E. Carlson, formerly of Carlson Co.
Scottsdale, Ariz.-based Capital Title Group Inc. has entered into an agreement to acquire by merger Northwestern Consolidated Corp., a privately owned real estate services firm that has nine branch offices and serves three counties in the San Francisco area. According to Capital Title Group chairman and CEO Donald R. Head, the merger will allow the company to expand its operations into Northern California. Capital's Jim Abrams will head this expansion. Northwestern is expected to receive $5.9 million in cash and Capital Title common stock in the transaction.
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