Scher Voit Commercial Brokerage Co

Brokerage Claims 3rd: Scher-Voit Commercial Brokerage Co., Irvine, which is less than three years old, says it is already the county's third-largest brokerage in terms of volume after giants Coldwell Banker and Grubb & Ellis, neither of which is headquartered locally. Scher-Voit said it leased or sold property last year worth $720 million. Most of its business was in industrial properties like factories and warehouses, the company said.

Double Play: Scher-Voit Commercial Brokerage Company Inc. has overseen a couple of nice-size sales recently. The brokerage represented both the buyer, Los Alisos Development Co., and the seller, Mission Viejo Co., in the $10.5-million sale of a 40,564-square-foot retail shopping center in Mission Viejo. Scher-Voit also represented both buyer and seller--Smith's Food & Drug and Weiler/Frost/Compton Trusts, respectively--in the $6.2-million sale of an eight-acre shopping center in La Habra.

An unusual $1-million lawsuit by one commercial brokerage against an upstart rival--for a while the talk of the local brokerage industry--is still being pushed vigorously, the company's lawyers say. Daum-Johnstown American accused Scher-Voit Commercial Brokerage Co. of pirating its employees and many of its listings of buildings in an attempt to "destroy" Daum-Johnstown last fall. Fifty or so Daum-Johnstown employees defected en masse to Scher-Voit, a 2-year-old brokerage based in Irvine.

Creating its own currents in a stagnant market, fast-growing Scher-Voit Commercial Brokerage Co. said Monday that it is forming a division to handle retail properties. The new unit will operate initially out of Scher-Voit's Anaheim office, and will eventually be expanded throughout its five-office system, said Gary Marquis, managing partner of the Anaheim office and a company vice president.

Creating its own currents in a stagnant market, fast-growing Scher-Voit Commercial Brokerage Co. said Monday that it is forming a division to handle retail properties. The new unit will operate initially out of Scher-Voit's Anaheim office, and will eventually be expanded throughout its five-office system, said Gary Marquis, managing partner of the Anaheim office and a company vice president.

Lawrence M. Scher smiles when someone describes him as the bad boy of the local brokerage industry. But mention Scher's name to some managers of other commercial real estate brokerages and you may get a grimace. The reason: A competitor accused Scher's brokerage firm last year of raiding not only some of its best brokers but some of its best property listings as well. A $1-million lawsuit was recently settled by Scher's firm, Scher-Voit Commercial Brokerage Co.

An Irvine commercial real estate brokerage settled a lawsuit Tuesday with a Los Angeles rival that had accused the Irvine firm of improperly raiding brokers and listings. Scher-Voit Commercial Brokerage Co., an upstart Irvine firm, was sued for $1 million by Daum Commercial Industrial Real Estate in Los Angeles late last year. The suit had been closely followed by local brokers, who said the settlement was generally favorable to Daum.

Old Town Irvine is not in the heart of the Orange County city of 98,000, but the formerly ramshackle structures at Sand Canyon Avenue and the Santa Ana Freeway are attracting upscale shoppers who like the idea of a hotel made out an old lima bean silo and a fast-food place made from a blacksmith shop. The $20-million project is being developed on 6.5 acres contributed by the Irvine Co., a partner in the project with Robert B. Smith, James W. Ray, Michael D. Ray and Bernice Anglea.

Scher-Voit Commercial Brokerage Co. Inc. has moved to Koll Center,18500 Von Karman Ave., Irvine.

Lawrence M. Scher smiles when someone describes him as the bad boy of the local brokerage industry. But mention Scher's name to some managers of other commercial real estate brokerages and you may get a grimace. The reason: A competitor accused Scher's brokerage firm last year of raiding not only some of its best brokers but some of its best property listings as well. A $1-million lawsuit was recently settled by Scher's firm, Scher-Voit Commercial Brokerage Co.

An Irvine commercial real estate brokerage settled a lawsuit Tuesday with a Los Angeles rival that had accused the Irvine firm of improperly raiding brokers and listings. Scher-Voit Commercial Brokerage Co., an upstart Irvine firm, was sued for $1 million by Daum Commercial Industrial Real Estate in Los Angeles late last year. The suit had been closely followed by local brokers, who said the settlement was generally favorable to Daum.

An unusual $1-million lawsuit by one commercial brokerage against an upstart rival--for a while the talk of the local brokerage industry--is still being pushed vigorously, the company's lawyers say. Daum-Johnstown American accused Scher-Voit Commercial Brokerage Co. of pirating its employees and many of its listings of buildings in an attempt to "destroy" Daum-Johnstown last fall. Fifty or so Daum-Johnstown employees defected en masse to Scher-Voit, a 2-year-old brokerage based in Irvine.