
Contact
Professional Experience
Associated Office
1840 Century Park East
9th Floor
Los Angeles
,
CA
90067
Mr. Paydar specializes in the sale of multi-family properties in Los Angeles. He has extensive knowledge of the marketplace and strong financial underwriting skills. As a broker on the team of Laurie Lustig-Bower, Mr. Paydar is responsible for contract negotiation, business development, financial analysis, transaction management, market research and marketing.
As part of the team of Laurie Lustig-Bower, Mr. Paydar is committed to serving multi-housing property investors by satisfying their unique needs in acquiring and selling apartment buildings, condominium conversions/reversions, and land for multihousing development. The Team is composed of eight skilled and licensed professionals, who, by creating value through strategy, intellectual capital and a unique, comprehensive marketing process, have handled over $10 billion of multi-housing properties in the last sixteen years alone.
Mr. Paydar has worked in commercial real estate since 1998. Prior to joining CBRE and the team of Laurie Lustig-Bower, Mr. Paydar worked for 12 years at Johnson Capital, a leading national mortgage banking firm, with a focus on arranging debt financing for multi-housing and commercial real estate investments. He has served investor clients in a wide variety of transactions including financing engagements encompassing the acquisition, recapitalization, bridge and ground-up construction of multi-housing properties, as well as warehouse/distribution, office and retail properties. In the multi-housing arena, Mr. Paydar has financed market-rate, affordable and senior housing communities.
Mr. Paydar is a graduate of the University of Utah, Salt Lake City, where he earned a Bachelor of Science degree and also pursued graduate studies in Business Administration. Additionally, he has earned the CCIM Institute Certified Commercial Investment Member designation, and has successfully completed the CFA Institute CFA Level I exam.
- University of Utah, Salt Lake City; Bachelor of Science
- University of Utah; Graduate studies in Business Administration
- CFA Institute; CFA Level I
- CCIM Institute; Earned Certified Commercial Investment Member designation
- Licensed Real Estate Broker, State of California
- AT&T
- California Home Builders
- CalSTRS (California Teachers Retirement Fund)
- CGI Strategies
- Cimmarusti Holdings
- Dalian Wanda (Bejing)
- Empire Investments
- Fairfield
- Gortikov Enterprises
- GR Properties (China)
- IDS
- Jamison Properties
- JPI
- Selective Real Estate Investments
- Trammel Crow
- TriCal Construction
Team Overview
Team Experience
With over 100 years of experience, team Lustig-Bower has handled over $10 billion in multi-family land and apartment buildings in the past 15 years alone.
Serving Multifamily Investors and Developers Throughout the Greater Los Angeles Area.
Laurie Lustig-Bower and Her Team Have Handled Over $12 Billion of Multifamily Properties.
With over 100 years of combined experience, Laurie Lustig-Bower and her team of eight superior professionals specialize in the sale of apartment buildings and land for multifamily and mixed-use development as well as condominium conversions. They have handled approximately $12 billion in multifamily properties in the past 19 years alone, by creating value through strategy, intellectual capital, and a unique, comprehensive 11-step marketing process. The team is committed to serving Los Angeles area multifamily investors and developers and is also licensed in the state of Hawaii. Ms. Lustig-Bower has been recognized as one of the top real estate brokers in the United States for three decades and has been involved in the sale of some of Los Angeles’ most iconic real estate. How can we help unlock the power and potential of your real estate?

Client Testimonials
Success Stories

(Former Robinsons May Property)
Size: ±8.0 Acres | Sold: $420,000,000 (2014)

(Former Robinsons May Property)
Size: ±8.0 Acres | Sold: $500,000,000

±6.33 Acres, entire city block entitled for ±1.65 million SF
Awarded "Silver" Best Land Deal by the Los Angeles Business Journal, 2012
Sold: $145,000,000

Size: 244 Units
Sold: $83,950,000

Size: 150 Units
Sold: $48,640,000

Size: 100 Units
Sold: $32,300,000

Sold: $24,000,000
Size: ±3.19 Acres | Units: 318

Size: ±3.00 Acres
Units: 274

Sold: $40,000,000
Size: ±16,462 SF
In The News
L.A. has seen a flood of housing proposals taking advantage of a program allowing for larger projects near transit.
- Bisnow
Fuller Theological Seminary Lists Pasadena Properties For Sale; Will Move to Pomona
June 4, 2018
Fuller Theological Seminary will put its 13-acre campus and 11 other properties up for sale in Pasadena to eliminate debt.
CBRE’s Laurie Lustig-Bower and Kadie Presley Wilson arranged the sale of a development site at the intersection of Santa Monica Blvd. and Federal Ave. in West Los Angeles to Jamison Properties for $16 million.
- The Real Deal
Just built, just sold: CGI Strategies finds buyer for new Koreatown rental complex
November 4, 2019
CGI Strategies sells its 60-unit hotel-style Kodo apartment complex in Koreatown to Alhambra Place Partnership.
- RenTV
Recently Completed Res Project in L.A.’s Koreatown Sells for Almost $500k/Unit
November 5, 2019
Burnet Townhomes, a 43-unit multifamily complex in North Hills, has sold to a private investor for $16.3 million.
- Commercial Observer
K-Town Rising: LA’s Densest Enclave Attracts More Demand For Multifamily Development
November 5, 2019
Multifamily development has been reshaping the most densely populated district in L.A. County
Kodo, a 60-unit property in Koreatown, sold for $29.25 million
A local affordable housing developer beat out several potential buyers to purchase an apartment building that went up for sale in a rapidly gentrifying Santa Monica neighborhood.
The property includes 150 units over 8.75 acres in the city of Cerritos.
The 11-building property in Cerritos, Calif., traded for $324,000 per unit.
The Griffith, a 220-unit apartment building in Glendale, has sold for $118.5 million, records show.
Downtown is home to 50% of all of L.A.’s new rental units since 2018.
Available Properties



24 Entitled Lots to Build 48 SFH
Ocean and/or Mountain Views
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Dev. Site for 21 Luxury Units
Zoning Allows Up To ±45 Units
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In Escrow


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SEC of S. Las Vegas Blvd. & Elvis Presley Blvd.


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Sold

Fee Simple
Apts, Student or Senior Housing

Built in 2015
Within 2 Blocks of UCLA (hopefully not too long for parameters)

Below Market In-Place Rents
Near Westfield Century City Mall







±1.51 Acre Dev. Site
Up to 4.5:1 FAR











Dev. Site for 12 Resi. Units Price: $2.5 Million


Pasadena, CA
Price: $19.3 Million

Koreatown
Price: $32.4 Million

Opp. Zone & TOC Tier 3
Price: $35 Million

Price: Confidential

±9.15 Acres
Price: Confidential


±170 Resi. Units
±10,000 SF of Retail
Price: Confidential

±8.75 Acres of Land
Price: $48.5 Million

Santa Monica, CA
Price: $13.6 Million

Price: $17,250,000


C2-2D-CPIO Zoned
Price: Confidential


Development Site for ±30 Luxury Condominium Units
Price: $27.5 Million


Price: $13,125,000


(Part of NoHo Portfolio)

(Part of NoHo Portfolio)

(Part of NoHo Portfolio)

Price: Confidential