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No other Southern California brokerage company specializes in land the way Korek Land Company, Inc. does.  Since 1980, our ONLY business has been the brokerage and analysis of land.  We are LAND specialists. We broker acreage, vacant land and underdeveloped teardown re-develop type parcels.

To view our brochure, please either scroll through or click on a link below to go directly to a specific section.

Executive Summary Land Brokerage Database Summary
Land Commentaries & Bulletins Executive Staff Why List Exclusively
Community Service References  

 

 

EXECUTIVE SUMMARY

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The Key to Land Brokerage:  Aggressive Marketing

Our brokerage company provides land buyers and sellers a degree of professional expertise unparalleled in the industry.  Korek Land Company, Inc. ("KLC") represents sellers on an exclusive basis.  Periodically, we represent buyers on a transactional basis.

KLC's "Database Network" includes thousands of buyers, sellers, investors and brokers of Southern California land.  We continually update our database to include virtually every buyer, seller and broker closing a land transaction in the nine county area of Southern California including Kern, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara and Ventura Counties ("KLC's Territory").  We believe our aggressive tracking effort can identify virtually every active land buyer and seller through our Database Network or through one of our Database Network  broker/agent contacts.  KLC offices may not be located next to a listed property, but more important is our relationship with and access to the buyer community.

For outlying areas, KLC often shares listings with selected highly reputable local brokers/agents.  This shared listing system provides an on-site broker to furnish property tours while doubling up on local marketing efforts.

 

The Key to Land Analysis:  Experience

Our staff has extensive experience in the successful development of small parcels to master planned communities, the complete analysis of properties, the processing of zone changes, specific plans, general plans, E.I.R.'s, bond financing and development agreements.

We believe a company's integrity is as important as its knowledge and experience.  We are proud to point out that KLC operates under the highest ethical standards, as do the brokers/agents we share our listings with.  We encourage potential clients to contact our references - we come highly recommended and you will enjoy doing business with us.

 

LAND BROKERAGE

    

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KLC's "Find Buyers Program" is unique to the Southern California land brokerage business.  This marketing program is designed to identify buyers that other organizations miss.

Most brokerage companies' attempts to sell land is diluted by their other offerings, such as income properties and homes.  Initially, most companies keep a listing "in-house" in hopes of retaining the total commission (i.e., not shared with another broker) and many others only post listings in the local multiple listing service.  These procedures tend to provide only minimal marketing coverage.

In contrast, KLC immediately distributes new listings to prospective buyers and brokers simultaneously.  The Find Buyers Program provides tremendous coverage and tends to generate multiple offers from which a seller may choose.

If another broker or agent wants to list your land, ask for a list of recent land transactions completed and a list of brokers and agents that he/she cooperates with. We will gladly provide you with our list.

The Find Buyers Program successfully operates in the following manner:

Database

Over the years, we have developed and refined the Database Network, which includes our extensive list of land developers, builders, investors, speculators, brokers and agents.

Marketing

Buyer's land requirements and the listed properties' characteristics are categorized to identify potential matches between buyers and properties.  KLC's auto fax/e-mail program, direct mail campaigns and direct phone contacts are utilized to attract buyers and sell properties.  We have the ability to put new listings in the hands of prospective buyers and brokers one day after listing.

 

DATABASE SUMMARY

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The Database Network is continuously updated.  New land buyers, sellers and brokers are added while others who are out of the market are removed.  Currently, we have over 8,000 individuals and organizations in our network.  The Database Network includes:

Principals with Specific Purchase Requirements

Active principals who have on file an outline of their specific land requirements.  Principal buyer requirements are computer matched with available properties' characteristics so new listings can be properly presented to these buyers.

Recent Buyers and Sellers

New individuals and companies who have purchased or sold land in KLC's Territory during the last 12 months.

Active Land Brokers/Agents

Brokers/agents who are actively selling land are continuously updated.  Brokers/agents who are new to land sales are added to the database.

Miscellaneous Brokers/Agents

As properties are listed, our property information packages are distributed to real estate offices in the area where the property is located.  For example, when we list a property in Chino, brokers and agents in Chino, Chino Hills, Ontario and surrounding areas receive information outlining the available property.

 

LAND COMMENTARIES AND BULLETINS

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On a regular basis we distribute "Commentaries" on current land related subjects.  Commentary subjects often summarize the results of recent court cases and/or new legislation, which effect land and land development.

"Bulletins" are distributed when an important issues arises.  Often Bulletins request taking some action such as contacting a state senator to show support of pending legislation.

Click here for a list of Commentaries.

 

EXECUTIVE STAFF

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William J. Korek - Chairman

Prior to founding Korek Land Company, Inc. in 1980, William (Bill) Korek held senior management and staff level positions with several national corporations.  His field of expertise was department and division operations analysis.

Bill has negotiated hundreds of land transactions ranging from raw, unentitled land to fully developed residential commercial/industrial sites.  Bill evaluates all Company listings for their development potential, financial feasibility and marketability.

Bill's diversified experience includes the sale of master planned communities, the financing of land development projects and the arrangement of joint ventures between homebuilders, developers and capital sources.  His professional conduct and outstanding accomplishments over the past 28 years have gained him the respect of his peers and colleagues in the brokerage and development industry.

Bill is a graduate of the University of Wisconsin where he majored in Business and Economics. Presently, Bill is a member of the Los Angeles County Parks & Recreation Commission, and is a past member of the Los Angeles County Transportation Commission ("LACTC"). Bill is a licensed real estate broker.

Larry D. Lynch - President

Larry D. Lynch, KLC's President, has more than 35 years of real estate experience in executive management positions.  Larry has purchased, sold and/or developed over $300 million of land and residential units in the Southwest United States.  Larry has been involved advising lenders, investors, and builders/developers throughout his career.

Larry has managed and developed raw land, partially improved land, finished lots, marketing programs, model home complexes, residential units, infrastructure systems, construction schedules and budgets covering a wide range of residential planned community, recreational and rural settings.   Before joining KLC, Larry was President of M.J. Brock & Sons, Inc., Los Angeles Division.

Larry is a graduate of California State Polytechnic University at Pomona, a graduate of the Claremont Graduate School (Peter F. Drucker School of Management), a licensed real estate broker and previously held a landscape architect license.  Larry also has extensive public service experience, e.g, founding board member of the Orange County Community Housing Corp., former Newport Beach Planning Commissioner, and an active board member of Westside Los Angeles non-profit organizations.

Nancy Jo Korek - Co-Founder

In 1980, Nancy Korek co-established Korek Land Company and in February 1984 Korek Land Company was incorporated.  Nancy's vision was to establish a company whose only business was the brokerage and analysis of land.  This way the company could be the best in its field.  Having accomplished this task, Nancy is no longer active in the day-to-day brokerage operations. 

Deanne Boublis - Vice President, Land Sales

Deanne Boublis has over 25 years real estate experience including residential lending, land brokerage and land acquisition.  Deanne has worked for KLC since 1987 analyzing land projects for development potential, financial feasibility and marketability.  In addition to selling land, Deanne is responsible for the evaluation and preparation of purchase and sale agreements, the development of marketing plans and land sales packages, and escrow coordination.  Deanne is a licensed real estate broker.

Tammy Shultz - Office Manager

Tammy Shultz has an impressive background consisting of office management, computer operations and programming.  In addition to managing the office, Tammy is responsible for coordinating the on-going development of our database system, maintaining our website, managing our marketing and advertising program, purchasing, accounts payable and receivable, creating promotional flyers and client follow-up procedures.  Tammy is a licensed real estate broker.

Henry Nagy

Henry Nagy started in the real estate industry in 1972 with his family business managing public data and collecting sales information. The product produced was the first of its kind and was sold on microfiche to realtors and appraisers throughout Southern California.  Henry was Vice President on the board of directors at Nationwide Real Estate Register and Sales Manager. The business grew and distributors were established around the state; one of those companies is still operating under the same name today, DATAQUICK. When Nationwide sold its business, Henry retained his position with the new owner; TRW Real Estate Information Services and has stayed close to the real estate industry even to this day with his current position as a sales agent for Korek Land Company.

Adam Corleto

Adam Corleto studied real estate development and investment at the University of Pennsylvania and New York University. He also has over 4 years of real estate work experience, including 2 years at a land development company, where he worked in land acquisitions, financing, marketing, and escrow coordination. Adam's primary responsibilities at Korek Land Company consist of extensive land use research, market analysis and land sales throughout Southern California. He is a licensed real estate salesperson.

Miguel Medina

Miguel Medina's primary responsibility is to see that each listed property receives the attention and marketing it requires.  Miguel manages all of the mailings for Korek Land Company.  He is the backbone of the company's direct mail marketing.  Miguel also researches potential listings as to location, zoning and comparable sales.

 

WHY LIST EXCLUSIVELY?

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Often sellers feel they can save money by attempting to sell land themselves or by telling one or several real estate agents that their property is available and letting several agents attempt to sell the property.  We truly believe this is not a wise decision.  Offering a property for sale by owner may produce offers from real estate agents, but this nonetheless involves a commission.  Even if the seller will only accept a net offer, one should realize the commission is always part of the purchase price whether it is deducted from the seller's proceeds or added to the buyer's costs.  When a buyer analyzes the purchase of a property, the commission is part of the cost, whoever pays it.  The purchase price either works with the commission or it does not work at all.

By not exclusively listing, but having several agents work on a property, each agent is competing with the other.  The first agent to get an offer signed has the best chance to earn a commission.  Whether an agent's buyer is reputable, financially able or if the offer really represents the seller's best interest all become secondary to having an offer accepted.  No one is truly representing the interests of the seller.

Another problem with this system is, because no broker has the property exclusively listed, no one correctly markets the property and presents it to the entire market.  Thus, the seller never really gets to see all possible offers and does not have the ability to choose the best offer from the best buyer.

By providing an exclusive listing to an experienced land broker, a seller then has someone representing his interests.  The broker now has the time and incentive to correctly market the property to all potential buyers and to other brokers.  The exclusive agent can, with the seller, analyze each offer and buyer and select the best  offer at the highest price with the most reputable buyer who will close the escrow.

An exclusive listing with an experienced reputable land brokerage company makes good sense.

When considering listing a parcel of land, request a list of land recently sold from all brokers you interview.  We believe no one will have a list as extensive as KLC's or the marketing capabilities we have.

The successful brokerage of land is our ONLY business.

 

COMMUNITY SERVICE

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KLC works closely with The Wildlands Conservancy.  This exceptional low profile organization preserves open space, which they open to the public.  They also spend their own funds to transport, feed and house disadvantaged children on their properties so they can experience the beauty of California open space.  Many of the children who participate in this program have never been out of their own congested neighborhoods.  It is difficult to describe the children's reactions to the wildlands.

Unlike many other conservancy groups, The Wildlands Conservancy respects an individual's property rights and a property owner's right to develop their own property.  The Conservancy is privately funded through donations.  For more detailed information about the Conservancy and  How You Can Make A Difference, click here

  

REFERENCES

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Company Contact Title
AMCAL Mr. Percy Vaz President
Bank of America Mr. Bob Birmingham Senior Vice President
City National Bank Mr. Mark Forbes Vice President
County of Los Angeles Supervisor Michael Antonovich Supervisor
Coussoulis Development Mr. Nick Coussoulis President
D E Shaw & Company Mr. Chad Burkhardt Vice President
Harris Homes Mr. Craig Harris Vice President
Heath Appraisal Services Mr. Tom Heath President
Investors Group of America Mr. Jim Goltche President
JBR Development Mr. Mark Rosenberg President
Kern County Planning Commission Mr. Ron Sprague Head Commissioner
KZMK Architects Mr. Don Jacobs President
L. David Cole Mr. L. David Cole Attorney
Los Angeles County Mr. Paul Novak Planning Deputy
Meeker Land & Development Mr. William Meeker President
Morrison Homes Mr. Michael Greynald Vice President
Newhall Land & Farming Mr. Greg McWilliams President
Pacific Community Builders Mr. Nelson Chung President
Paragon Communities Mr. Brian Catalde Owner
Pardee Homes Mr. Jon Lash Vice President
Pillsbury Winthrop, LLP Mr. Lewis Feldman, Esq. Partner
Proteus Company Mr. Wilson Gee President
Robb Evans & Associates (Receiver) Mr. Kent Johnson Executive Vice President
Sandler & Rosen Mr. Steve Levy, Esq. Partner
Sikand Engineering Mr. Mark Sikand Vice President
Smylie & Associates Mr. Robert Smylie, Esq. Partner
Stark Investments Mr. Ryan Dow Vice President
Sunrise Colony Mr. William Bone President
Sunrise Colony Mr. Dirk Gosda Vice President
VandenBerghe Development Mr. Ron VandenBerghe President
Warmington Homes Mr. Brian Sinderhoff Division President
Webb Engineering Mr. Matt Webb Owner
Wells Fargo Bank Ms. Nancy Blair Vice President
Wildlands Conservancy Mr. Dave Myers Executive Director
Wirth Associates Mr. Dick Wirth Partner
WNC Associates Mr. Jeff Butcher Vice President

 


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KOREK LAND COMPANY, INC.

14545 Erwin St., Van Nuys, CA 91411

Telephone:  (818) 787-3077; Fax:  (818) 787-9677

E-mail:  mail@korekland.com