Penn Station – 1630 Stewart St. – Santa Monica, CA
PMI continues to carefully monitor
the market for the opportunity and
ensure the best performance
of its assets.
PMI begins converting old apartment properties into creative, multifamily units geared towards a younger tenancy.
PMI re-enters San Francisco after the recession, capitalizing on office opportunities and gearing its properties towards tech start-ups.
PMI shifts to the San Francisco office market to take advantage of the recovery
from the Dot-Com bust and purchase
creative office space.
PMI enters the Culver City and Venice markets to convert warehouses to creative offices.
PMI pioneers all-spec-suite offices
in Los Angeles.
PMI starts purchasing Santa Monica office properties to take advantage of the Santa Monica resurgence.
Scott Sternberg and Jeff Palmer
undergo their first collaboration on
an R&D building in Santa Monica.
PMI withdraws from apartment acquisitions and shifts focus to value add, asset management, and potential sales.
PMI again withdraws from office acquisitions, moving instead into the Los Angeles residential market.
PMI withdraws from office
acquisitions due to pricing/risk concerns.
PMI develops the first multi-level warehouse conversion to a creative office.
PMI pioneers the conversion of warehouse space to multi-tenant creative office space.
PMI pioneers the first conversions
of traditional office space to soft creative space, capturing entertainment industry demands.
Scott Sternberg and Jeff Palmer form a new PMI partnership to take advantage of the recovery from the S&L recession.
Scott Sternberg founds PMI.