Teles Properties Talk » Teles Properties Strides into Newport Beach

Teles Properties Strides into Newport Beach

Press Release

Beverly Hills

December 1, 2009

Teles Properties Strides into Newport Beach

In a gutsy move during one of the most challenging real estate markets in decades, Teles Properties is opening its 3rd office in two years.

Newport Beach is the latest key market for the Beverly Hills boutique real estate firm that is in fast expansion mode while everyone else is in full retreat.

“Newport Beach is a perfect fit for Teles,” says Peter Hernandez, Teles COO and President. “It has the glamour and sophistication of Beverly Hills but its proximity to unique waterfront property and a harbor with world-class yachts makes it incomparable.”

This is a brand-new office for Teles but it’s not a new market for its executive management. Peter Hernandez spent 8 years as president and COO of a major real estate company in Orange County, so he understands the strategic importance of the market and its broad appeal as a primary and vacation home destination.

“Newport Beach will always be strong and survive,” he notes. “It is a young, entrepreneurial region with a dynamic workforce—ad agencies, law firms, real estate developers, technology firms, automotive R+D studios, the surf industry—that needs high-end housing. The area also benefits from strong ties to old-money Pasadena and it has long been an enclave for entertainment icons. Orange County is a major cosmopolitan market that can stand alongside Beverly Hills or the Hamptons any day.”

Teles Newport Beach will be headed by top manager Ron Mazzano.

The office is centrally located between Fashion Island and Pacific Coast Hwy. and is close to Corona Del Mar Freeway.

Teles Newport Beach

12 Corporate Plaza, Suite 250

Newport Beach, Ca 92660

newportbeach@telesproperties.com

TELES PROPERTIES

EXECUTIVE MANAGEMENT

Lou Piatt, CEO

Peter Hernandez, President and COO

Steve Shull, President of Performance Coaching

Bill Grasska II, President of Teles Financial

Peter H. Loewy, General Counsel

Teles Properties is a rapidly expanding, full-service boutique agency that represents the next generation of real estate firms. Teles employs an innovative business model that has proved incredibly successful since the company’s launch in November 2007.