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February 12, 2018

Kidder Mathews' aggressive expansion continues in Southern California

Puget Sound Business Journal

Marc Stiles

Seattle-based commercial real estate company Kidder Mathews has opened another office in Southern California, this time in El Segundo.

Kidder, the West Coast's largest independently owned commercial real estate company and the second-largest overall firm in the Puget Sound region, recruited three veteran brokers from rival JLL to open the office, its eighth in Southern California.

Three years ago, privately held Kidder rolled out a plan for what the company called an aggressive expansion. At the time the company had a total of nine offices. Today it has 21. The expansion comes at a time of rapid consolidation in the industry with publicly traded firms gobbling up small independent ones.

Kidder Mathews is growing by leveraging higher commissions, a streamlined management structure and the opportunity for brokers and key employees to become shareholders. These and other factors have helped make the company one of just two companies to make the Puget Business Journal's best places to work list for 11 straight years. (Columbia Bank is the other.)

Luke Staubitz, Harvey Beesen and Andrew Dilfer came over from JLL to open the El Segundo office. They join the company as executive vice presidents and partners.

Staubitz said Kidder Mathews' rapid expansion in Southern California is one reason he and his colleagues joined the company. In a news release he said there is "something very unique and compelling" about the way the company structures its business.

Beesen added he and his colleagues joined Kidder due to the company's "entrepreneurial and nimble culture" and the chance to become part owners of the firm.

Beesen, Dilfer and Staubitz specialize in industrial real estate.

For the full story, go to Puget Sound Business Journal.

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