• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Rising Realty’s new CEO plans to invest $300M in properties outside LA

Chris Rising, Nelson Rising, and One California Plaza (Credit: Getty Images and Wikipedia)

Rising Realty Partners plans to invest more than $300 million in properties in the Western U.S. over the next two to three years, with an emphasis on cities outside of Los Angeles.

Christopher Rising, the company’s newly named CEO, said the L.A.-based firm will focus on acquiring commercial mixed-use properties in new markets, including Salt Lake City, Denver, Portland, Oregon, and Seattle.

Rising is taking the reins from his father, Nelson Rising, who will continue to serve as chairman.

Rising Realty, which has played a large role in helping shape Downtown’s development in recent years, has about $1.3 billion in assets under management across 4.3 million square feet, all of it in Southern California.

“This is going to be a defining year for Rising, which is one of the reasons we made the transition,” he said.

As part of the new business plan, Rising Realty plans to chart its progress in improving the environmental quality of the commercial buildings it acquires and adapts for other uses. That includes measuring the air and water quality, and a building’s carbon footprint.

“We believe there are more and more investors that care about this,” Rising said. “We also believe nobody else is doing it.”

Rising said that tenants seeking to acquire larger spaces also will be willing to pay higher rents for such transparency and reporting.

“They want to know they are in a building where the water is not killing them, or the air is not killing them, where the asbestos has been removed and the lead paint has been removed.”

Rising said that the company will report the environmental metrics side by side with its other investment financials in all of its investments under the new business plan.

The company announced on Wednesday that Christopher Rising would be taking over as CEO. A former lawyer, Rising, 49, joined with his father in 2011 to relaunch their namesake firm. Nelson Rising was a developer of U.S. Bank Tower and formerly chaired the Federal Reserve Bank of San Francisco.

At Rising Realty, the father-son duo have focused on adaptive reuse and repositioning of large commercial buildings, many of them with challenging historical features.

The elder Rising will continue to chair the firm’s investment committee and focus on raising funds and the closing of larger deals, his son said.

The newly minted CEO said Rising Realty’s push for deals outside of its home base did not reflect concerns about the state of the real estate cycle in Downtown or elsewhere in Southern California, where sales are slowing broadly.

“I don’t think you can play the cycles in value-added real estate,” he said. “These are really three-to-five year business plans after we acquire these properties.”

More than half of Rising Realty’s property space — 2.6 million square feet — is in Downtown L.A.

The firm is best known for purchasing the historic PacMutual building for $60 million, spending $25 million to renovate it and then selling it for $200 million in 2015, a record Downtown sale at the time.

In 2017 Rising Realty joined with Colony NorthStar to buy One California Plaza for $460 million. GreenOak Real Estate Advisors recently partnered with Rising Realty in a $111 million recapitalization of the CalEdison building, which the firm has been repositioning for creative office space.

Powered by WPeMatico

  • 31 January 2019
  • The Real Deal
  • Uncategorized
  •  Like
Despite FBI probe, Huizar still planning new temporary homeless shelter →← Amazon won’t use the Opportunity Zone tax break for its NYC campus
  • Recent Posts

    • Mayor Karen Bass blasts everyone but herself for wildfire mishandling May 7, 2025
    • WEA, Beverly Hills Estates cut deal on $27M Malibu Colony home May 7, 2025
    • Oil firm eyes homes, hotel near Bolsa Chica wetlands in Huntington Beach May 7, 2025
    • Bankrupt Rite Aid to market 1.3K stores, including dozens in LA County May 7, 2025
    • Carolwood flexes with new LA pocket listings portal, boasting $1B+ in inventory May 7, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM