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'''Peak Corporate Network''' is an American group of real estate services companies based in [[Los Angeles]], [[California]].<ref>{{cite news |date=July 1, 2012 |title=How employee engagement has paid big dividends at Peak Corporate Network |url=http://www.sbnonline.com/article/how-employee-engagement-has-paid-big-dividends-at-peak-corporate-network/ |work=Smart Business Los Angeles }}</ref> Eleven entities operate under the Peak umbrella.<ref>{{cite news |date=October 14, 2014 |title=Executive Conversation: Peak Corporate Network specializes in servicing |url=https://www.housingwire.com/blogs/1-rewired/post/31698-executive-conversation-peak-corporate-network-specializes-in-servicing |agency=HousingWire }}</ref> |
'''Peak Corporate Network''' is an American group of real estate services companies based in [[Los Angeles]], [[California]].<ref>{{cite news |date=July 1, 2012 |title=How employee engagement has paid big dividends at Peak Corporate Network |url=http://www.sbnonline.com/article/how-employee-engagement-has-paid-big-dividends-at-peak-corporate-network/ |work=Smart Business Los Angeles }}</ref> Eleven entities operate under the Peak umbrella.<ref>{{cite news |date=October 14, 2014 |title=Executive Conversation: Peak Corporate Network specializes in servicing |url=https://www.housingwire.com/blogs/1-rewired/post/31698-executive-conversation-peak-corporate-network-specializes-in-servicing |agency=HousingWire }}</ref> |
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==Overview== |
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Established in 1991 by Los Angeles businessmen Eli Tene and Gil Priel, Peak originally focused on [[Short sale (real estate)|short sale]] transactions.<ref>{{cite news |date=December 5, 2011 |title=Big in shorts: firm scores by processing high volume of short sales |url= |work=Los Angeles Business Journal }}</ref> In 2007, Peak started a private lending fund through a partnership with a $12 billion private family office.<ref name="voyagela">{{cite news |date=October 16, 2017 |title=Meet Gil Priel and Eli Tene of Peak Corporate Network in Woodland Hills |url=http://voyagela.com/interview/meet-gil-priel-eli-tene-peak-corporate-network-woodland-hills/ |work=VoyageLA }}</ref> |
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In a bid to expand its operations in Southern California, Peak became a real estate franchisee of [[Century 21 (real estate)|Century 21 Real Estate]] in September 2015. The following month, Century 21 Peak acquired [[Granada Hills, Los Angeles]]-based Century 21 All Moves, Century 21's oldest franchise. The acquisition of All Moves added about 100 employees to Century 21 Peak's residential real estate operation and increased Peak Corporate Network's total staff to 300 people.<ref>{{cite news |date=October 18, 2015 |title=Peak making moves in San Fernando Valley real estate market |url=https://www.dailynews.com/2015/10/18/peak-making-moves-in-san-fernando-valley-real-estate-market/ |work=Los Angeles Daily News }}</ref><ref>{{cite news |date=October 12, 2015 |title=Woodland Hills Brokerage Acquires Competitor |url=http://sfvbj.com/news/2015/oct/12/woodland-hills-brokerage-acquires-competitor/ |work=San Fernando Valley Business Journal }}</ref> Peak subsequently expanded into the [[Inland Empire]] with the acquisition of two [[Upland, California]]-based firms: American Inland Empire R.E. Inc. in December 2016 and Century 21 Prestige in February 2017.<ref>{{cite news |date=December 1, 2016 |title=Century 21 Peak Continues Expansion With Inland Empire Acquisition |url=http://sfvbj.com/news/2016/dec/01/century-21-peak-continues-expansion-inland-empire-/ |work=San Fernando Valley Business Journal }}</ref><ref>{{cite news |date=February 10, 2017 |title=Century 21 Peak Buys Upland Brokerage |url=http://sfvbj.com/news/2017/feb/10/century-21-peak-buys-upland-brokerage/ |work=San Fernando Valley Business Journal }}</ref> |
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===Company principals and formation=== |
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In May 2014, Peak Finance, a division of Peak Corporate Network, and Misuma Holdings, acquired the [[Myrtle Beach Mall]] in [[South Carolina]] for $45 million.<ref>{{cite news |date=May 23, 2014 |title=Peak Financial, Misuma acquire Myrtle Beach Mall |url=https://www.chainstoreage.com/article/peak-financial-misuma-acquire-myrtle-beach-mall/ |agency=Chain Store Age }}</ref> In May 2016, Peak Financial and Misuma announced they would begin a $30 million renovation of the mall in 2017.<ref>{{cite news |date=May 16, 2016 |title=Myrtle Beach Mall to undergo renovation in 2017 |url=http://wpde.com/news/local/investment-firms-buy-myrtle-beach-mall |agency=[[WPDE-TV]] }}</ref> In July 2017, Peak Finance secured nearly $103 million in financing for a [[North Hollywood, Los Angeles]] complex consisting of 297 apartments and a [[Whole Foods Market#365 By Whole Foods Market|365 By Whole Foods Market]].<ref>{{cite news |date=July 10, 2017 |title=Financier assembles $125 million NoHo project: L+O Residences to feature 297 apartments, Whole Foods Market |url= |work=San Fernando Valley Business Journal }}</ref> Peak is the owner of InterServ, one of the largest nationwide hospitality renovation companies in the U.S.<ref name="voyagela"/> |
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Begun by Los Angeles businessmen [[Eli Tene]] and co-founder and real estate investor Gil Priel in 1991, Peak Financial Partners, Inc. originally concentrated on [[short (finance)|short sale]] transactions and other areas of debt restructuring of real estate assets and short-term financing.<ref name="Inman - Eli">{{cite web|title=Eli Tene|url=http://www.inman.com/node/56418|publisher=Inman News}}</ref> |
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The two men met after developing individual areas of specialization in the real estate field. After studies at California State University – Northridge, Tene initially focused on the area of residential and commercial short sale transactions. Priel began his involvement in the real estate industry with the private equity acquisition and management of several office buildings in the Los Angeles area, growing it into a sizable mixed real estate portfolio over many states. Through a real estate transaction in 1990, Priel met Tene, and one year later, they formed Peak Financial Partners, Inc.<ref name="Gil-Eli form PFP">{{cite web|title=Gil Priel|url=http://www.peakcorp.com/b2b/188/page/gil-priel|publisher=Peak Corporate Network}}</ref> |
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===Expansion of Services=== |
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Over the twenty years which followed, the organization’s real estate offerings were expanded through the formation and acquisition of eleven separate entities together providing a wider array of residential and commercial real estate services for a varied clientele from home owners and home buyers through investors, lenders, servicers, agents and brokers. During the same period the partners developed new solutions to problems in the real estate business.<ref name="Alt Foreclosure">{{Cite episode |title=Alternative to Foreclosure |episodelink= |url= |accessdate= |series= |serieslink= |credits= |network= |station=Fox Business News |location=Los Angeles |date=13 March 2010 |began= |ended= |season= |seriesno= |number= |minutes= |time= |transcript= |transcripturl= |quote= |language=}}</ref><ref name="Cash Keys">{{Cite episode |title=Cash for Keys |episodelink= |series= |serieslink= |credits= |network=CBS |station=KCAL 9 |location=Los Angeles |date=13 August 2009 |season= |seriesno= |number= |minutes= |quote= |language=}}</ref> In 2011 the separate entities were re-branded the “Peak Corporate Network,” representing a group of related separate legal entities, each providing its unique set of real estate services.<ref name="Employee Engagement">{{cite news|title=How employee engagement has paid big dividends at Peak Corporate Network|url=http://www.sbnonline.com/2012/07/how-employee-engagement-has-paid-big-dividends-at-peak-corporate-network/?full=1|newspaper=Smart Business|date=July 2012}}</ref> In 2015, the Network established both residential and commercial real estate franchises under the CENTURY 21 brand, quickly acquiring additional real estate offices to increase its Southern California footprint.<ref name="C21Peak">{{cite web|last1=Wilcox|first1=Greg|title=Peak making moves in San Fernando Valley real estate market|url=http://www.dailynews.com/business/20151018/peak-making-moves-in-san-fernando-valley-real-estate-market|website=Los Angeles Daily News|publisher=Los Angeles Newspaper Group|deadurl=yes|archiveurl=https://web.archive.org/web/20170109115633/http://www.dailynews.com/business/20151018/peak-making-moves-in-san-fernando-valley-real-estate-market|archivedate=2017-01-09|df=}}</ref> |
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As the two principals of a company making innovations in different areas of real estate, Messrs. Tene and Priel have been called upon to share their insights and commentary at conferences and as authors or the subject of articles in the print and broadcast media.<ref name="Big Shorts" /><ref name="Alt Foreclosure" /><ref name="Cash Keys" /><ref>{{cite news|last=Priel|first=Gil|title=Foreclosure Settlement Falls Short|url=http://labusinessjournal.com/news/2012/mar/05/foreclosure-settlement-falls-short/|newspaper=Los Angeles Business Journal|date=5 March 2012}}</ref><ref>{{Cite episode |title=Deals Abound in Foreclosure |episodelink= |series= |serieslink= |credits= |network=CBS |station=CBS 2 |location=Los Angeles |date=22 July 2008 |season= |seriesno= |number= |minutes= |quote= |language=}}</ref> |
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<ref>{{cite news|title=Proposal for Foreclosed Homes As Rentals Raises Questions|url=http://www.dailyjournal.com/public/pubmain.cfm?logout=&CFID=1158865&CFTOKEN=93140910|newspaper=Los Angeles Daily Journal|date=19 August 2011}}</ref> |
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==References== |
==References== |
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Revision as of 15:16, 20 June 2018
 | This article contains content that is written like an advertisement. (February 2018) |
| The topic of this article may not meet Wikipedia's general notability guideline. (February 2018) |
| Industry | real estate |
|---|---|
| Founded | 1990 |
| Founders | Eli Tene, Gil Priel |
| Headquarters | , |
| Website | peakcorp |
Peak Corporate Network is an American group of real estate services companies based in Los Angeles, California.[1] Eleven entities operate under the Peak umbrella.[2]
Overview
Established in 1991 by Los Angeles businessmen Eli Tene and Gil Priel, Peak originally focused on short sale transactions.[3] In 2007, Peak started a private lending fund through a partnership with a $12 billion private family office.[4]
In a bid to expand its operations in Southern California, Peak became a real estate franchisee of Century 21 Real Estate in September 2015. The following month, Century 21 Peak acquired Granada Hills, Los Angeles-based Century 21 All Moves, Century 21's oldest franchise. The acquisition of All Moves added about 100 employees to Century 21 Peak's residential real estate operation and increased Peak Corporate Network's total staff to 300 people.[5][6] Peak subsequently expanded into the Inland Empire with the acquisition of two Upland, California-based firms: American Inland Empire R.E. Inc. in December 2016 and Century 21 Prestige in February 2017.[7][8]
In May 2014, Peak Finance, a division of Peak Corporate Network, and Misuma Holdings, acquired the Myrtle Beach Mall in South Carolina for $45 million.[9] In May 2016, Peak Financial and Misuma announced they would begin a $30 million renovation of the mall in 2017.[10] In July 2017, Peak Finance secured nearly $103 million in financing for a North Hollywood, Los Angeles complex consisting of 297 apartments and a 365 By Whole Foods Market.[11] Peak is the owner of InterServ, one of the largest nationwide hospitality renovation companies in the U.S.[4]
References
- ^ "How employee engagement has paid big dividends at Peak Corporate Network". Smart Business Los Angeles. July 1, 2012.
- ^ "Executive Conversation: Peak Corporate Network specializes in servicing". HousingWire. October 14, 2014.
- ^ "Big in shorts: firm scores by processing high volume of short sales". Los Angeles Business Journal. December 5, 2011.
- ^ a b "Meet Gil Priel and Eli Tene of Peak Corporate Network in Woodland Hills". VoyageLA. October 16, 2017.
- ^ "Peak making moves in San Fernando Valley real estate market". Los Angeles Daily News. October 18, 2015.
- ^ "Woodland Hills Brokerage Acquires Competitor". San Fernando Valley Business Journal. October 12, 2015.
- ^ "Century 21 Peak Continues Expansion With Inland Empire Acquisition". San Fernando Valley Business Journal. December 1, 2016.
- ^ "Century 21 Peak Buys Upland Brokerage". San Fernando Valley Business Journal. February 10, 2017.
- ^ "Peak Financial, Misuma acquire Myrtle Beach Mall". Chain Store Age. May 23, 2014.
- ^ "Myrtle Beach Mall to undergo renovation in 2017". WPDE-TV. May 16, 2016.
- ^ "Financier assembles $125 million NoHo project: L+O Residences to feature 297 apartments, Whole Foods Market". San Fernando Valley Business Journal. July 10, 2017.