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SAN FRANCISCO-BT
Commercial Real Estate/NAI, one of the Bay Area’s
largest commercial brokerage firms with 176 brokers, has added
to that total and broken into a new market with the acquisition
of NAI Sacramento Valley Commercial, a 23-person firm that
BT hopes will act as its springboard to grow
further in that market. All seven stockholders of NAI Sacramento,
including managing partner Jim Gray, have exchanged shares
in NAI Sacramento for partnership interests in BT
Commercial.
BT CEO Mike Kamm tells GlobeSt.com he has
been looking to expand into the Sacramento market for several
years and has had other efforts not proceed. "This one
was logical," he says. "As affiliates we got to
know one another and recognized that our culture and objectives
are similar."
BT Commercial is comprised of an office
and industrial division; Terranomics, its
retail division; and an investment services division. It has
offices in Burlingame, Monterey, Napa, Oakland, Palo Alto,
Petaluma, Sacramento, San Francisco, San Jose, San Rafael,
Santa Rosa, Salinas and Soquel.
Looking ahead, Kamm says the company's goal
is to become the "preeminent" firm in Northern California.
"That will require us to go into Pleasanton and Stockton
and Roseville as well," he says. "So we will continue
to grow as [acquisition or recruiting] opportunities present
themselves."
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