Stephen Walbridge has rejoined Studley as an executive vice president, announced Mitchell S. Steir, chairman & CEO. Walbridge was also named to Studley’s board of directors. The 29-year industry veteran will continue representing office space users in Southern California and will work in conjunction with the firm’s Corporate Services Group (CSG) to advise clients on transactions throughout the U.S. and globally. Walbridge will be based in the firm’s downtown and West Los Angeles offices.
“The commitment of an established professional like Steve underscores the strength of Studley’s platform and his return bolsters an already formidable West Coast team. We’re very happy he has chosen to come home,” said Steir.
Most recently, Walbridge served as an executive vice president with Cushman & Wakefield where he was also a founding member of the firm’s tenant representation group.
“It always gives me great pleasure to bring former professionals back to the company,” said Studley President Michael Colacino. “It reinforces our belief that Studley provides the best environment for brokers, and that when given an informed choice of platform, ours is preferred.”
Walbridge is widely recognized as one of the Los Angeles area’s top professionals. Among the many notable transactions he has recently completed are: a 250,000-square-foot build-to-suit in San Bernardino, CA, on behalf of Wells Fargo Home Mortgage; an 80,000-square-foot headquarters lease restructure in downtown Los Angeles on behalf of TelePacific; a 430,000-square-foot lease restructure in Los Angeles on behalf of Harman International; and a variety of requirements on behalf of long time clients Fox and Sony. He is currently representing Wells Fargo on a number of projects, including its 300,000 square foot downtown Los Angeles headquarters assignment.
During his career, Walbridge has completed transactions throughout the U.S. totaling more than 14.5 million square feet while developing a client roster that includes some of the most notable names in corporate America.
Walbridge began his real estate career at Studley in 1980 serving as an intern while studying at UCLA. Upon graduation in 1982, he joined the firm as a broker and remained with Studley for the next 20 years.
Walbridge cites Studley’s unique position in the market as the key driver in his decision to return. “While other firms were getting bigger, Studley was getting better by remaining true to its core focus—providing strategic tenant advisory services.”
He added, “Equally important are my relationships with the senior people in Los Angeles and nationally, many of whom were with the firm since my early days at Studley.”
In addition to focusing on brokerage, Walbridge will serve as co-regional manager for Southern California and sit on Studley’s board of directors, helping to establish the firm’s long-term strategic goals and direction.