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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
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 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2Ffe150a89-2e2f-45ea-88c5-b6594b50f195%2F3421cfec-4787-4576-95ad-12d3cc78570d" onerror="this.style.display='none'" alt="SOUTH BAY: EXISTING INDUSTRIAL | BY-RIGHT RESIDENTIAL Image" style="object-fit: cover; width: 200px;" />
 Industrial / Multifamily / Land / Senior Housing 
 
 SOUTH BAY: EXISTING INDUSTRIAL | BY-RIGHT RESIDENTIAL 
 
 Torrance, CA 
 By Avison Young

 <a href="/user/49eb143d-6946-494f-938d-0f95d92a0a23" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Peter Sherman</a>
 
 Principal and Head of U.S. Multifamily Sales &amp; Development
 
 
 <a href="tel:(310) 480-2634" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(310) 480-2634</a>
 

 <a href="https://platform.reverecre.com/project/fe150a89-2e2f-45ea-88c5-b6594b50f195" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
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Avison Young offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organisation.

Whether you are a user/occupier or an owner/investor, Avison Young is organised to deliver truly integrated solutions to meet your unique needs.

Because we recognise that, for most occupiers, the property burden represents the second highest cost and tends to be the biggest contingent liability, we focus on helping occupiers create property and workplace solutions that improve performance, increase competitiveness, adapt to changing markets and provide the optimum workplace environment for their staff.

- Consulting Services, Facility Management, Occupier Project Management, Occupier Solutions, Occupier Valuation and Advisory Services, Tenant Representation, Transaction Management

We add value right through the property lifecycle, from acquisitions to disposals, in a wide variety of sectors including: offices, retail, industrial and alternative sectors.

Our collaborative approach means we gain a more intimate understanding of the needs of owners and investors.  As a result, we can provide customised advice that underpins intelligent and informed decisions.

Agency Leasing, Capital Markets, Consulting Services, Debt and Mortgage Services, Investment and Asset Management, Investor Project Management, Net Lease, Property Management, Valuation and Advisory Services

Flexible Solutions, Hospitality, Industrial, Multi-Family, Office, Retail

Associations and Nonprofits, Automotive Properties, Data Centers, Healthcare, Life Sciences, Private Equity, Project Management Specialty, Senior Housing, Sustainability

Senior Associate

Principal and Head of U.S. Multifamily Sales & Development

Principal

Senior Associate - Capital Markets

27' Clear Heights, Dock High and Gradel Level Loading

South Bay's Aerospace, Defense, & Space Manufacturing Epicenter 

10 Miles from Port of Long Beach and LAX 

HCO Overlay Allows Residential Development through a streamlined, ministerial process

Region's Deepest Concentration of Corporate HQ & Specialized Manufacturers 

Sales Team

2727 Maricopa is a 121,624 SF industrial building, currently occupied by Centinela Pet & Feed headquarters, with cold storage and processing infrastructure in the heart of South Bay’s Aerospace cluster. This 4.29 AC site is located within the City of Torrance’s Housing Corridor Overlay, adopted in August 2023, providing by-right residential development with a 75ft height limit and a 31-44 du/ac base density before bonuses.

Peter Sherman joined Avison Young as a Principal in February 2016 and is currently a Principal and on the Executive Committee of U.S. Capital Markets leading Multifamily Capital Markets including Investment Sales and Development for the country. For almost 20 years, starting in 2004, Peter Sherman has led or been directly involved in over $10 Billion of deal transactions throughout Southern California and across the United States.

At Avison Young, Peter Sherman has led a strategy that is highly collaborative and brings a complete approach to solutions for clients with a local-to-global knowledge of capital, markets and players, and a deep expertise at the asset level from pre-construction to value-add. Residential and mixed-use asset type experience runs the gamut including conventional and affordable, student housing and senior housing, build-for-rent and adaptive reuse.

Peter Sherman’s clientele has included top brand name institutions, multifamily and mixed-use developers, private high net worth operators and national and international capital providers. This holistic approach to client service is witnessed by the range of notable transactions which include an $84M sale of conventional +affordable multifamily (370 units); a $54M financing for adaptive reuse construction (125 units + retail); a $34M acquisition of affordable multifamily (206 units); a $22M sale of student housing (250 beds); a $35M reposition of office to residential (280 units); a $24M preferred equity for mixed use (218 units + 14,500sf retail); and a $30M sale of mixed-use developable land (1.3 acres for multifamily/retail/office).

Prior to Avison Young, Peter Sherman was a founding Partner of Brooktree Real Estate Investors, a principal sponsor and owner/operator of Class A and Class B multifamily properties across the state of California, acquiring, selling, financing and equitizing $1 Billion in multifamily and mixed-use assets. Peter Sherman has also held senior roles with CBRE and Transwestern.

Prior to 2004, Peter Sherman successfully created, grew and managed new businesses in media and technology notably with NBC Universal and Tonos Music. Peter Sherman led strategic development and successfully negotiated innovative partnerships valued at over $300 million with various including AEG, Time Warner, Yahoo, Atlantic Records, and Best Buy. Peter Sherman earned a dual master’s degree from the Wharton Business School of the University of Pennsylvania and Johns Hopkins School for Advanced International Studies in 1996, and a BA from the University of Virginia in 1988. Peter Sherman is conversational in Japanese and Italian, having been blessed to live abroad in both countries.

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