Real Estate Reimagined

Over Four Decades of Pioneering Value-Add

Start your Investment Journey

100% High positive return over
30 years through wisdom,
innovation, and vision.

*Data collected as of the beginning of the PMI partnership in 1993.

Down

3523-3525 Eastham Dr. – Culver City, CA

About Our Company

Guided by its managers’ forty-five years of industry experience, PMI is a commercial and residential real estate investment company headquartered in Beverly Hills. PMI was founded in 1978 by Scott Sternberg and has since closed over $500 million in office, shopping center, industrial, and apartment properties.

45+

Properties

All are located in Los Angeles

and San Francisco.

2644 30th St. – Santa Monica, CA

$522+

Million

The sales price of sold properties and

sales value of unsold properties.

2644 30th St. – Santa Monica, CA

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219 Rose Ave. – Venice, CA

Our Mission

At PMI Properties, our guiding principle is to patiently invest when value is exceptional. Whether it be through creatively converting warehouse spaces for office use, enhancing multifamily units with unique quality of life upgrades, or repurposing outdated office facilities with new and useful functions (such as medical, life science, self-storage, and residential), we innovate and pioneer designs for the market. PMI offers real estate reimagined.

Featured Projects

San Francisco Collaborative Office Conversion

Following the 2004 dotcom bust, PMI targeted tech companies and startups in San Francisco by integrating collaborative hospitality-like spaces, improving the zoning (from multi-media to office), and refining the product with new lighting and expanded kitchens. PMI felt that such open, upgraded office space could encourage creativity and teamwork amongst employees, leading to a more dynamic and engaging workplace culture. This pioneering strategy paid off, with PMI later leasing to tech giants like Twitter, Adobe, and Ubisoft and achieving a Wall Street Journal article about its success.

Marina del Rey Warehouse Conversion

PMI pioneered creative offices and innovated spec suites on the westside of Los Angeles in the 1990s. PMI’s Marina Studios, highlighted here, was one of the first Westside conversions from warehouse space to small subdivided creative office suites (circa 1995).

Culver City Warehouse Conversion

PMI spearheaded warehouse to creative office conversions in Culver City in the late 1990s and early 2000s. PMI focused on industrial buildings that already had the right bones but needed polish, adding creative features like glass roll up doors, dramatic ceilings, sandblasted walls, skylights, and new and additional large windows. This product also saw the addition of enclosed offices and conference rooms, offering multi-tenant, multi-level, innovative spaces.

Northeast Los Angeles Apartment Renovation

In early 2012, PMI recognized the value of residential properties in Echo Park, Silver Lake and Highland Park; there was a real opportunity in small, older, rundown rental apartments in these areas (which were then selling at depressed values) and PMI updated these properties to be creative apartments for a booming millennial, urbanite and ‘hipster’ tenancy. This concept addresses the growing demand for lower-density and more private apartments and incorporates features like open ceilings, polished concrete or real hardwood floors, and new private oversized patios, creating a loft-like ambiance.

Westwood Apartment Value Add

PMI developed a residential product utilizing many of the features of our creative offices - raised exposed ceilings, open floor concepts and more.

Santa Monica Office Conversion

After the 1990 recession, entertainment firms left the studio lots and looked for offices close to home. PMI, hoping to supply a similar feel to a studio lot, was one of the first companies to convert more traditional office spaces to creative office through the incorporation of open layouts and industrial elements. PMI’s buildings featured polished concrete or hardwood floors, organized open ceilings, spiral ducting, skylights, and improved lighting. These conversions proved to be wildly successful and such amenities are still popular amongst creative office tenants to this day.

Culver City Creative Flex Conversion 2023

Today, PMI remains at the forefront of the office market by embracing adaptability and utilizing their spaces for a multitude of creative purposes. By integrating the concept of "Superflex" spaces, PMI goes beyond traditional office layouts, offering versatile environments that can accommodate diverse needs and foster innovation. These dynamic spaces are designed to house a variety of uses, ranging from warehouses and film studios to e-retailer spaces, lab facilities, and flexible office setups, reflecting PMI's commitment to meeting the evolving demands of modern businesses and entrepreneurs.

West Covina Apartment Value Add

As far back as the late 1980s, PMI pioneered today’s value add, taking baren apartments and adding lush landscaping and modern in-unit features at the time.

New Construction Fourplexes Townhomes 2023

In the post-pandemic world, these units integrate lifestyle elements found in single-family homes like backyards and garages and address the demand for lower density and more privatized apartment living, even for roommates where bedrooms are on separate floors.

Real Estate Reimagined

Over Four Decades of Pioneering Value-Add

100% High positive return over
30 years through wisdom,
innovation, and vision.

About Our Company

Our Mission

Featured Projects

Leasing

Socials

Property Management

Real Estate Reimagined

Over Four Decades of Pioneering Value-Add

100% High positive return over 30 years through wisdom, innovation, and vision.

About Our Company

Our Mission

Featured Projects

Leasing

Socials

Property Management

100% High positive return over
30 years through wisdom,
innovation, and vision.