Peak Companies
 Current logo, in use since 2021 | |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 1991 in Los Angeles, California, U.S. |
| Founders |
|
| Headquarters | Peak Professional Plaza, , |
Area served | United States |
| Website | peakcorp |
Peak Companies (formerly known as Peak Corporate Network) is an American group of diversified real estate and financial services companies headquartered in Los Angeles, California.[1] The company provides a comprehensive range of real estate solutions, including mortgage lending, loan servicing, real estate brokerage, property management, and investment services. As of 2024, thirteen entities operate under the Peak umbrella.[2]
Overview
[edit]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
[edit]- ^ "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. [page needed]