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REAL ESTATE DIVISION
Financial/Asset Management
222 South Hill Street, 3rd & 4th Floor, Los Angeles, CA 90012
(213) 974-4300 - (213) 217-4971 FAX

The asset management function, including the Real Estate Division, continues to implement the Strategic Asset Management Plan by following the Board-approved asset management principals in all real estate decisions and recommendations.

In support of the Real Estate Asset Management Strategic Plan, the office has:

  • Developed workflows for the various processes necessary to implement the new asset inventory and management database and drafted a contract with the anticipated vendor. It is anticipated that the new database will be implemented by the fourth quarter of 2002-2003;

  • Developed design-build lease models for expediting construction of new facilities;

  • Managed and negotiated all leased space for County departments;

  • Managed the inventory of County real property holdings (land and improvements);

  • Acquired property for County needs; including assisting County Counsel with eminent domain proceedings; and

  • Performed real property forecasts and lease vs. purchase decision analysis.