The president of Action Investment Group, Mayer Separzadeh leads the development, management, and acquisition of numerous commercial and residential projects in California. Recent projects undertaken by the company under Mayer Separzadeh’s direction include the Fig+Pico Conference Center Hotels in Los Angeles.The project involves approximately 506,682 square feet of floor area in two hotel towers, with more than 1,000 guest rooms and 13,000 square feet of retail and restaurant space. Three as-yet unnamed hotels will operate within the towers, two located in the 43-story tower and the third in the 25-story tower. The 529-foot, 42-story tower will feature up to 820 hotel rooms, rooftop pool decks, viewing deck, and conference and meeting rooms. It will also possess 11,000 square feet of ground-floor retail and restaurant space. At 326 feet tall, the 25-story tower will include 342 guest rooms, a landscaped rooftop pool deck, and 2,145 square feet of ground-floor commercial space.
Mayer Separzadeh is a Los Angeles real estate entrepreneur who has overseen diverse residential and commercial projects since 1990 as head of Action Investment Group, Inc. Mayer Separzadeh’s projects include a pair of property acquisitions on Wiltshire Boulevard in the city’s mid-Wilshire area.One 1995 transaction involved the $4.2-million purchase of a 13-story high-rise with office tenants. The building was only 17 percent occupied at the time of its acquisition. Prudent management, coupled with renovation and rehabilitation efforts, increased occupancy to 75 percent within a half year and to 90 percent within a year. The property was sold in 2007 for $38 million. A 1997 transaction involved the purchase of an office building spanning 13 stories. The Wiltshire Boulevard property went from 34 percent to 60 percent occupancy within two years, with capital improvements such as hallway remodeling, alarm system installation, and fire sprinkler work. With half a million dollars of capital having been put toward improvements, the property was sold at a significant profit in 1999.
Mayer Separzadeh is an established entrepreneur with over 40 years of experience in real estate development. A syndicator and developer of over 100 properties, Mayer Separzadeh owns Action Investment Group, where he serves as president.Action Investment Group is a residential and commercial real estate firm based in Los Angeles. Specializing in the procurement, merger, construction, and management of assets, the company operates throughout the Southern California and Nevada area. It also has stakes in many major manufacturing companies across Europe and Latin America.The firm employs a qualified team with diverse expertise in the field in order to continually invest in properties with the highest potential for appreciation and financial return. The team includes professionals in leasing and construction management, who leverage their experience to maximize rental property occupancy and rehabilitate buildings. Action Investment Group’s achievements have included increasing the occupancy of a 235,000-square-foot property from 17 percent to 95 percent. The company’s recent rehabilitation projects include the redevelopment of the Fig + Pico Conference Center Hotels.
A real estate veteran with more than 35 years of experience, Mayer Separzadeh is the sole owner of Action Investment Group, which focuses on property acquisition, development, and management in California. Mayer Separzadeh’s notable projects include the development of a distinctive wholesale fashion mart in Los Angeles.Success in real estate development begins at the planning and research stage. Clarifying financial goals and creating a concrete plan helps to optimize chances for success, while developing a network of real estate professionals and other industry veterans enables you to glean valuable feedback on goals and strategies. When it comes time to purchase a property, look for a price that optimizes profit. By bargaining purchase price to around 20 percent below market value, buyers create the opportunity for greater returns. Buyers should consider purchasing distressed properties or properties in areas with falling house prices, especially where markets are expected to improve. Moreover, working with construction firms to build residential homes often affords financial incentives, such as tax credits.
