The Madison Real Estate Group is an entrepreneurial and experienced full service commercial real estate company, that serves as a trusted advisor to financial institutions and private investors in California, Nevada, Utah, Arizona, Colorado, New Mexico, and Texas.
With expertise in multifamily and commercial property management, The Madison Real Estate Group is able to create strategic plans for property owners to minimize risk in this challenging economic time. Every aspect of operating an asset must be thoroughly scrutinized to assess optimal income-producing capabilities.
Awards and Recognition
■ 2012 Best of Sherman Oaks Award in the category of Property Management – 2012
■ Business Persons of the Year by Encino Chamber of Commerce – 2013
■ The City of Los Angeles Mayor’s office, Gil Garcetti – Business Persons of the Year – 2013
■ The City of Los Angeles Attorney’s Office, Mike Feuer – In Recognition of Outstanding Service to the Business Community – 2013
■ The State of California – Outstanding Citizenship and Activities Enhancing Community Betterment – 2014
■ The State of California Senate – Entrepreneurial Sprit and Innovative Approach to Business – 2014
■ The State of California Legislature Assembly Certificate of Recognition – In Recognition of Outstanding and Invaluable Service to the Community 2014
■ Congressman Brad Sherman, a member of United State House of Representatives – Certificate of Special Congressional Recognition – 2014
Featured Case Studies
The Madison Real Estate Group is dedicated to providing commercial property management services across California, Nevada, and Arizona that minimizes the liability owning real estate can cause our property owners. Our mission is to create solutions that will protect and preserve your assets and control exposure while meeting both State and Federal OSHA regulations.
Mixed Use Ground Retail / Hotel – Stockton CA
Challenges
– 596 building code, health and safety, fire code, electrical and plumbing violations
– 22% delinquency rate PLUS tenants’ rent subsidies was suspended due to the poor condition of the property
– No on-site management
– Homeless people using drugs in the common area and squatters occupying one of the retail spaces
– Major deferred maintenance throughout the building. One unit was caught on fire while the tenant was using crack cocaine
– Outstanding penalties imposed by the city totaling over $64,000
– All licenses and permits to operate the hotel were expired
Results over a period of 8 months
– Madison Construction, a subsidiary of the Madison real Estate Group, was retained as the General Contractor and immediately cured all deferred maintenance, building code, health and safety and fire code violations.
– Hired on-site management team and obtained all necessary permits and licenses to operate the hotel
– Successfully convinced the city to waive the outstanding penalties
– Renovated all the occupied and vacant units
– Listed and sold the asset netting the seller over 235% MORE in net proceeds.
Memberships and Affiliations
