Overview
1st Commercial Realty Group Inc.® is a privately held, management-focused commercial property management company established in 1989 with headquarters located at 2009 Porterfield Way, Suite P, Upland, California 91786. Operating primarily in the Western United States and Hawaii, the company provides an integrated management platform designed to maximize the performance of retail, industrial, office, and medical investments for both private and institutional investors.
Company Structure and Management
The executive team of 1st Commercial Realty Group Inc. is central to its strategy and operations:
- Michael Polley: President and CEO boasting over 40 years of experience in commercial property management and holds multiple real estate licenses across several states, including California, Arizona, Nevada, Oregon, Washington, and Hawaii.
- Marnie S. Farcone: Vice President of Property Management, based in Irvine, CA, with a strong LinkedIn presence and extensive achievements in the field.
- Valarie Olivas: Vice President of Operations, bringing over 25 years of expertise in business management and accounting/finance.
- Brenda Neilson: Corporate Trainer and Regional Property Manager, likely focused on talent development and overseeing property management operations.
The leadership team is dedicated to delivering quality management services, ensuring the growth and enrichment of client portfolios.
Operations and Reach
As of recent reports, 1st Commercial Realty Group Inc. manages approximately 40 million square feet of commercial real estate from about 20 offices. However, some sources suggest a footprint of 16 million square feet managed from 12 offices, which suggests potential rapid expansion not yet universally documented. This broad operational presence is vital for the company's mission to provide exceptional service tailored to client needs.
Service Offerings
The core services of the company include:
- Property Management
- Asset Management
- Due Diligence
- Construction Management
These services are provided through a well-curated network of property owners, managers, and brokers, forming a collaborative "best in class" team dedicated to delivering value-driven solutions.
Growth and Development
Since its inception, the company has consistently expanded its geographic footprint from its original location in Upland, CA. It now operates offices in major cities like Palmdale, Chino, Palm Springs, Los Angeles, Irvine, Sacramento, San Jose, and Phoenix, with alliances in Las Vegas and Hawaii. This strategic growth highlights a commitment to regional integration and local focus.
Culture and Values
1st Commercial Realty Group Inc. operates under a culture rooted in respect, support, accountability, and quality — pivotal in forming long-term relationships with clients and industry stakeholders. The company emphasizes the importance of reliable collaborations with experienced property owners and brokers.
Financials and Operations
- Estimated Annual Revenue: $7.3 million
- Revenue per Employee: $135,000
- Employee Count: 54
- Employee Growth: An 8% increase over the last year
- Operational Footprint: Managing over 16 million square feet across 12 offices
Competitors
The competitive landscape for 1st Commercial Realty Group includes several notable players:
- Placer Title Company: Estimated revenue of $98.6 million with 526 employees.
- SmartStop Asset Management: Estimated revenue of $16.2 million with 108 employees.
- OAKWOOD ESCROW Metro: Estimated revenue of $0.5 million with 6 employees.
- Concord Realty: Estimated revenue of $5 million with 42 employees.
- The Closing Exchange: Estimated revenue of $4 million with 33 employees.
Strategic Insights
1st Commercial Realty Group’s extensive management portfolio and consistent employee growth suggest a robust operational capability and potential for increased market penetration in the Western U.S. Its emphasis on tailored, performance-enhancing real estate management provides a strong competitive edge. The diversity of competitors highlights the necessity of the company's management-focused business model in delivering tailored and effective property management services.
Contact and Additional Information
For further details and potential employment opportunities, visit their [website](https://www.1st-comm.com/). Interested candidates can explore career options via the company's dedicated careers page. For inquiries, contact their main office at (909) 946-6226.
