W J BUILDING MANAGEMENT
We have been serving our clients for over 20 years.
To Create an environment that is distraction free allowing our clients to get on with their business and achieve success.
Property Management is all about the tenants and ensuring they are satisfied and operating in a distraction free environment where they can get on with their business, in turn creating a stable expanding company.
We have always believed in maintaining the highest level of integrity and service. Our hands-on responsiveness in the management of every single aspect of the building is of the utmost importance.
We are committed to providing unsurpassed management services to our tenants.
Our Management staff is knowledgeable, professional, prompt and courteous.
We are located at Wilshire and Westlake, just outside of Korea Town.
Walter J. Towers, one of the properties we manage, consists of two buildings.
The 1930 Wilshire building was built in 1928 with a beautiful art deco style, tall lobby ceilings, mirror finished marble floors in the lobby. The building is well maintained with 3 operational elevators, clean restrooms for men and women on each floor, garden patio for break time/lunch and a great meeting hall located off lobby.
We have on-site parking with complimentary valet parking, catering to you and your clients.
A large focus of the Owner has been to reduce the carbon footprint that both his buildings create, so he has focused on going green, changing out all the toilets to low-flow, re-tinting the windows to reduce the amount of heat in the building, changed out all light fixtures so they are economic and has just finished installing solar panels in the parking lot.
The 2010 Wilshire building features many medical practices as well as full office suites. 3 newly remodeled elevators and on-site parking. Currently, undergoing remodeling to give the entrance a face lift, we have installed new entrance doors, with all ADA requirements in and are repainting the entire building.
The building is kept clean and has full time custodian to keep the restrooms and corridors clean and professional at all times.
Building Management is on site with full time Engineering, Maintenance and Security staffing.
We offer build out to suit your needs. Most improvements are covered by the owner and done prior to move-in.
Utilities are included in your lease contract.
- Detailed market analysis
- Lease review and maintenance
- Rent collection and enforcement
- Tenant/Lease management
- Applicant screening & approval
- Negotiation & execution of leases
- Full service marketing and leasing
- Annual insurance review
- Evictions and Collections
- Operating expense pass through administration
- CAM reconciliations
- Building and landscape maintenance
- Regular documented inspections
- Regular inspection of vacant units
- Maintenance recommendations & execution
- Full Review of all Building Equipment (A/C, Boilers,
Heaters, Plumbing, Electrical etc)
- Proposed Preventative Maintenance programs
- Hire, train, and supervise on-site employees
- Screen vendors
- Bid all contract services
- Supervision of all services from commencement to completion
- Track vendor insurance
- Workers comp insurance compliance
- Employee benefit packages available
- Submit timely, accurate, computerized financial reports within 10 days of month end
- Preparation of annual operating budget
- Maintain individual property operating account
- Coordination of all computerized rent collection
- Maintenance of all security deposits
- Receive, approve and pay all bills
- Track all tenant/vendor activities
- Preparation of annual 1099 and W-2 requirements
- Coordination and supervision of payroll
- Significantly reduce operating costs through vendor/service contract re-negotiation
- Evaluate and recommend ancillary income opportunities
- High occupancy through innovative, aggressive marketing and tenant retention programs
- Provide property tax assessment appeals
- Provide mortgage auditing services
- Provide utility auditing and energy conservation retrofitting
- Brokerage & Investment
- Refinancing coordination
Mayor Antonio Villaraigosa and Los Angeles Department of Water & Power Celebrate the Completion of Large Solar Project LADWP to Relaunch Solar Incentive Program September 1, 2011
LOS ANGELES—(Marketwire)—08/26/11—Los Angeles Mayor Antonio Villaraigosa, Los Angeles Department of Water and Power (LADWP) General Manager Ronald O. Nichols and other city officials today celebrated the completion of one of the largest infill solar panel projects in central Los Angeles. Located at the Walter J Towers at 1930 Wilshire Boulevard, the project is managed by LA Building Management and was designed and built by LA-based ReGreen Corporation, with design input from both LADWP and the LA Department of Building and Safety (LADBS). Dr. Walter Jayasinghe (j’eye-ya-SING-ha), a Los Angeles physician who emigrated from Sri Lanka as a young man, owns the Walter J Towers.
“Dr. Walter Jayasinghe’s story highlights how investing in solar isn’t just good for the environment, it is good for a business’s bottom line,” Mayor Villaraigosa said. “We are working with our business community for more innovative and forward-thinking companies to reap the environmental and economic benefits of DWP’s Solar Incentive Program.”
“This is a great example of using local renewable energy to reduce energy costs. The collaboration between LADWP, ReGreen Corporation and Mr. Jayasinghe on this solar project will reduce energy costs for the Walter J. Towers and support the LADWP’s efforts to reduce our reliance on fossil fuels,” said LADWP General Manager Ronald O. Nichols. “With the September 1 re-launch of our popular solar incentive rebate program, we look forward to working with many other City businesses and residents interested in achieving similar benefits through solar power.”
The Walter J Towers solar panel project uses 1,185 photovoltaic panels, elevated above the building’s surface parking lot, which will reduce the building’s annual energy costs by 30%. “Going solar was the right thing to do for our business, our tenants and this community,” stated Dilan Jayasinha, President of LA Building Management. “Putting such a large project in such a relatively small space that’s outfitted with older infrastructure required substantial planning and expertise. ReGreen delivered and everybody wins.”
ReGreen Corporation’s close, collaborative relationship with LADWP and the LADBS was critical to orchestrating this landmark effort. Sited in a densely populated urban area where infill projects are always complex, the Walter J Towers solar project broke new ground because of the extensive interconnection with LADWP’s power grid. “Never before has such a large solar panel project been installed over the surface parking lot of a classic office building, so close to downtown Los Angeles,” explains ReGreen Managing Director David Duel. “We’re pleased to have met those challenges, helped LA Building Management achieve significant energy cost savings and installed the project with zero upfront costs to them.”
Dr. Walter Jayasinghe, owner of Walter J Towers, is an enthusiastic supporter of employing technology to reduce energy consumption, as well as costs. “I’ve dedicated my life to helping people restore and maintain their health,” said Dr. Jayasinghe. “In a sense, these solar panels and other steps we’ve taken to reduce energy consumption at Walter J Towers are small but tangible actions toward helping maintain the health of this neighborhood and the planet.”
The Los Angeles Department of Water and Power, the nation’s largest municipal utility, provides reliable, low-cost water and power services to Los Angeles residents and businesses in an environmentally responsible manner. LADWP serves about 1.4 million electric customers and 680,000 water customers in Los Angeles. For more information, please visit www.ladwp.com. For the latest news about LADWP, please visit www.ladwpnews.com. Follow the Department on Twitter: @LADWP.
About LA Building Management
LA Building Management is a full-service management company for commercial property owners. They specialize in office and retail space and have served their clients for more than 20 years.
About ReGreen Corporation
ReGreen Corporation is an innovative energy services company that provides its more than 5,000 customers with cost-effective energy and water conservation solutions. The Los Angeles based firm has helped its customers achieve significant energy cost savings and optimal facility performance in more than 200 million square feet of building space throughout the western United States.
About Walter J Towers
Walter J Towers is comprised of two adjacent classic, high-rise office buildings at 1930 Wilshire and 2010 Wilshire, in the MacArthur Park community. Currently, the Towers are 95% occupied and are home to a variety of medical practices, as well as small and medium-sized businesses. The Towers are owned by Dr. Walter Jayasinghe. The native Sri Lankan first admired the buildings in 1972, while working nearby as a lab technician and completing medical school; he purchased them years later. His allegiance to the MacArthur Park neighborhood runs deep: for two decades, he operated one of the city’s first 24-hour, walk-in clinics there.
Note to editors: According to Sri Lankan custom, the father’s surname (in this case, Jayasinghe) differs slightly from the surname of his children (in this case, Jayasinha).
Please fill in the contact form and we will get back to you as soon as we can. Let us know if you have anything in particular you’re looking for or if there are any questions we can answer.