People to watch: execs behind area's changing scene: new projects, purchases bring new players.

Summary


Commercial Real Estate: What's Next? - Bryan Gordon of Pacific Equity Properties Inc. - Julia Ladd of The Macerich Company - Richard Loring of Habitat Group Los Angeles

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People to watch: execs behind area's changing scene: new projects, purchases bring new players.

Bryan Gordon

Pacific Equity Properties Inc.

Many of the strip malls along Ventura Boulevard are currently undergoing renovation and Bryan Gordon of Pacific Equity Properties Inc. knows why.

"The whole area is ripe for change and upgrading," said Gordon, CEO of Pacific Equity, a real estate investment and development company. It recently purchased 85,000-square feet in Tarzana, formerly called the Brown Center, and will create an upscale urban living center with retail, restaurants, a supermarket and townhomes and lofts, valued at $150 million.

Gordon believes the redevelopment of the area will inspire more locals to shop in their own community. Other areas in the Valley have their own attractive shopping pockets but Tarzana doesn't, Gordon said.

"Tarzana is sitting in the middle o...

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