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Article: Office architect Martin enters residential fray.(AC Martin Partners acquires Togawa and Smith)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 22, 2005
- Author:
CopyrightCOPYRIGHT 2005 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With little market demand for new office and civic buildings, AC Martin Partners is jump-starting its housing subsidiary by acquiring Pasadena-based residential architecture firm Togawa & Smith Inc.
In its 100-year history, AC Martin has designed landmark civic and office buildings across Los Angeles. But with developers shifting their attention to residential projects, the firm is repositioning itself.
"Firms always have to adapt to where the dollars are going," said Christopher C. Martin, AC Martin's chief executive. "Urban housing is coming of age in Los Angeles, and it's a trend we feel is here to stay."
AC Martin is buying Togawa & Smith in ...