NSB Associates, Inc. is a real estate development and investment firm that has built a diversified portfolio of quality assets generally located in the Southern California area. NSB combines skills in all aspects of the real estate business with an entrepreneurial philosophy, resulting in the company's outstanding record of growth.


NSB's success in identifying value-added opportunities confirms the value of the fundamental principles that have governed the company's business strategy since its inception. Foremost among these principles is a commitment to quality - in people, properties, management and tenant services.

 
 

NSB Associates, Inc. and its related companies have successfully engaged in the real estate business since 1968. NSB reflects the vision of its founder and chairman, Lawrence N. Field, who has achieved national recognition as a leader in real estate for more than four decades. The company's formula for success centers on matching the best project to the best location, maintaining a high level of quality in design, construction and management, recognizing opportunities to add value to assets and relying on motivated and experienced professionals to execute the company's vision.

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NSB's unique team of in-house professionals applies a "hands-on" approach to all facets of the real estate business. NSB is able to efficiently identify opportunities, create effective business models on each new asset and rapidly close transactions. Taft Plaza Shopping Center, discussed in Case Study 1, was transformed into the dominant neighborhood retail center in one of Los Angeles' most affluent communities as a result of an innovative and well-focused NSB redevelopment program.

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The company has historically given the highest priority to the people involved in every aspect of its business - from NSB professionals and staff to the operating partners, outside service providers and tenants - creating an environment that ensures effective communication, rapid decision-making capability and participation by all parties. Working together, these participants play crucial roles in formulating and executing NSB's strategies.

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NSB's more than 200 tenants include Fortune 500 firms and regional retail, transportation, service and entertainment/media companies. Outstanding tenant retention is reflected in the company's many tenant relationships of more than twenty years. As a result, the overall occupancy rate of NSB's portfolio has consistently averaged more than 95%. The Hannum Industrial Building, detailed in Case Study 2, is typical of a large number of NSB's properties that have maintained 100% occupancy following acquisition and redevelopment by NSB.

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NSB's diversified portfolio has performed successfully through numerous market cycles. While active in all major asset categories, NSB has specialized in the development and value enhancement of industrial/warehouse, office and retail properties located in major metropolitan areas. The company's investment strategy, which can be described as aggressive, entrepreneurial and value-oriented, is executed with discipline and planning. The Dollar Rent-A-Car project at Los Angeles International Airport, the subject of Case Study 3, is a prime example of NSB's ability to reposition a well-located property to achieve a solid, long-term income-producing asset.

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NSB's team of professionals constantly analyzes the changing conditions impacting the real estate marketplace. NSB's ability to readily identify significant trends in their earliest stages has enabled it to continuously "evolve" its properties and capitalize on market shifts. This proactive approach has enhanced the company's asset value even in "down markets." The future growth of NSB's portfolio will be accomplished by maximizing value through consistent teamwork, attention to quality and strategic thinking to quickly recognize and pursue attractive opportunities.

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