Jonti Bacharach has been appointed California lead for Savills Studley’s Orange County–based occupier-services group and has been promoted to corporate managing director, according to a release from a representative of the firm. The release says Bacharach will be responsible for partnering with the firm’s regional advisors in servicing national and global real estate portfolios.
The executive brings more than two decades of CRE experience to his new role, having advised clients across multiple industries and sectors, including technology, life sciences, finance, healthcare, manufacturing, data centers, and supply chain and logistics, the statement says, adding that he joined Savills Studley in 2017 as part of the firm’s acquisition of Cresa Orange County.
Bacharach is quoted in the release as saying, “With real estate portfolios becoming increasingly complex for companies, we are seeing strong demand for consistent, strategic analysis and management.” He adds that the firm provides clients with “an integrated suite of services that effectively positions their real estate assets to meet business and performance objectives.”
The services offered in this suite include strategic advisory, business intelligence, data and market analytics, financial modeling, transaction management, project management and lease administration, according to the statement.
As SoCal Real Estate reported in May, according to a report from a representative of Savills Studley, during the first quarter of the year, Orange County’s overall office availability rate jumped by 110 basis points to 19.9 percent, and overall quarterly leasing activity leasing dropped from 2.2 million square feet to 1.4 million square feet, falling well short of the long-term quarterly average of 2.1 million square feet. However, the report quotes Matt Wiley, corporate managing director for Savills Studley, as saying, “A decrease in the number of larger leases, new product coming on line and increased space efficiency by tenants has boosted availability in the last several months.”