A savvy real estate firm has hired an industry veteran to bolster its property management as Bay Area leasing activity fades.
Chris Hagen , Ritchie Asset Management Co. chief executive officer and partner; and Mark Ritchie , the company’s partner and co-founder, talk outside the offices of Ritchie Commercial, a real estate firm located at 34 West Santa Clara Street in downtown San Jose on June 3, 2024.SAN JOSE — A savvy real estate firm that has withstood the ups and downs of multiple economic cycles has hired an industry veteran to bolster its property management expertise as Bay Area leasing activity fades.
“We have known Hagen for decades through our countless dealings with Swenson and share many of the same clients and friends in the Santa Clara Valley,” said Mark Ritchie, president of Ritchie Commercial. “Most of the national firms deal only with large institutionally owned assets,” Hagen said. “We help dozens of private families with all aspects of commercial real estate ownership and management.”
The leasing and transaction market was robust for several years before the outbreak of the coronavirus in early 2020. Executives acknowledged that tech companies had gone overboard with their hiring during the lockdown period when distance work and remote education were all the rage. Now, there’s a growing emphasis on property management and tending to the needs of existing office and retail tenants.
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