Avison Young, Canada's largest independently owned commercial real estate services company, has acquired Starrpoint Commercial Partners Inc., a full-service commercial real estate brokerage firm specializing in the Santa Monica submarket of Los Angeles. Terms of the acquisition were not disclosed.
Randy Starr, founder and CEO of Starrpoint, has been named a principal of Avison Young. Tim Dornan, a Starrpoint principal, joined Avison Young as a vice president.
The former Starrpoint office is Avison Young's third Los Angeles location.
‘The Southern California region is a critical growth area for Avison Young,’ says Mark E. Rose, chairman and CEO of Toronto-based Avison Young. ‘The acquisition of Starrpoint allows Avison Young to partner with one of the most dominant real estate players in the Santa Monica market, as well as immediately create a stronghold and identity associated with some of the most influential and creative transactions that have taken place in the Santa Monica marketplace.’