G & K INDUSTRIES

G & K Industries began operations in 1957 when Jona Goldrich established Goldrich & Associates to manage the construction of a Los Angeles apartment building. That company evolved into Goldrich & Kest Industries when Jona Goldrich and Sol Kest teamed up to develop their first apartment complex.

Throughout the 1960's, G & K Industries was an innovative leader in the Southern California real estate market. These first condominiums in Southern California were developed by G & K Industries in the early 1960's; an aggressive development of congregate care facilities began in 1965; and we completed the first luxury apartment/ marina complex in Marina del Rey in 1968. In the 1970's and 1980's, we expanded into the government-subsidized housing market and we believe we are the largest developer of such units in the state of California. The 1980's represented another turning point for G & K Industries when we entered the for-sale arena and the commercial/industrial markets, developing major mixed-use properties such as the 391-unit Grand Promenade and the 606- unit Promenade Towers both in downtown Los Angeles. The economic downturn of the early 1990's allowed us to purchase several apartment and industrial buildings at attractive prices. These include the 217-unit Museum Tower Apartments in downtown Los Angeles and the 75 acre Channel Islands Business Center in Oxnard, as well as develop the 583-unit Marina Pointe Apartments in Marina del Rey, and the Paseo Plaza, Paseo Villas and Park Townsend Condominiums in San Jose. Additionally, twenty-five (25) government subsidized apartments developed in the 1970's have come full circle and have been transitioned to conventional apartment buildings.