Plainview-based Silber Investment Properties, a prolific commercial real estate brokerage specializing in investment sales, is expanding with a new office in Southern California.
The brokerage firm’s new West Coast base of operations is located at 875 Prospect St. in La Jolla. The new office, in La Jolla’s downtown business district, is staffed with a team of brokers who are relocating from Silber’s Long Island headquarters.
“We’re excited to expand our brokerage operations to the West Coast,” Adam Silber, founder and president of Silber Investment Properties, said in a company statement. “La Jolla is a spectacular seaside community of San Diego. I’m excited that these three young men share my vision.”
Silber added that team-building efforts with his brokerage staff have been an integral part of the company’s success and that’s reflected in the brokers’ enthusiasm for their relocation to California.
“I am excited to spread The Silber Culture to the West Coast, connecting with a new network of real estate professionals,” Michael Turkowitz, vice president of Investment Sales at SIP, now representing the La Jolla office. “It’s a great opportunity to bring our values and expertise to a wider audience and redefine excellence in the industry.”
No stranger to markets outside of his home turf, Turkowitz has built a track record of deals in other states, including the disposition of a $10 million retail portfolio in Columbus, Ohio. He also brokered a record-breaking price per-square-foot on the sale of numerous triple-net-leased quick-service restaurant properties for a private investor in Erie, Penn., according to the company.
Blake Benitez, another Silber broker relocating to the new La Jolla office, said he is also eager to establish a presence in the San Diego area’s commercial real estate market.
“Being part of the team opening our second branch in La Jolla feels like stepping onto a stage of endless possibilities,” Benitez said in the statement. “It’s not just a new office. It’s our chance to grow, thrive, and create success stories together in the vibrant real estate scene.”
Turkowitz and Benitez will be joined in the California office by Stephen Spiegel, junior vice president of Investment Sales at Silber. In the five years since Spiegel joined the firm, the triple-net retail sales specialist has facilitated many deals, including the sale of a $9.8 million shopping center in Howell, N.J. with a fellow Silber associate, according to the statement.
While the Silber brokerage firm has been based on Long Island for more than 30 years, it has closed over $5 billion in commercial real estate transactions throughout the country, according to the company. With the opening of its new California office, the firm aims to further grow its client roster in the national investment sales market.
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