To improve its responsiveness to clients and better address market opportunities, Borelli Investment Company has promoted two of its long-time executives—shifting appropriate job descriptions and responsibilities.
In the restructuring, Buddy R. Parsons — who has been with Borelli for all but two years since 1978 — has been named president of Borelli Investment Company. Tom Purtell — who joined the firm in 1995 — has been promoted to chief operating officer. And while Ralph N. Borelli, son of founder, Nelo Borelli, has stepped down as president of the firm after nearly 30 years, he continues as CEO of Borelli Investment Company. The changes all take effect immediately.
In his new role as president, Buddy R. Parsons will be responsible for day-to-day activities in client relations, business development, sales force management, and acquisitions. Most recently, Buddy had been vice president-asset management, specializing in property and asset management, brokerage consulting services, and investment services. In the past few years, he was involved in more than 500 lease transactions and building sales for Borelli totaling approximately $70 million.
As chief operating officer for the company, Tom Purtell will oversee all day-to-day operations. In his more than a decade at Borelli, he has worked as a development partner, property manager, and an accountant. Before joining Borelli in 1995, Tom was district manager for Hollywood Video, helping to open that company’s first stores in California and direct its rapid growth phase.
Borelli Remains as CEO; Wins Awards
So, what will Ralph Borelli do after nearly 30 years as the sole person at the helm of Borelli Investment Company? Plenty. By freeing himself of much of the day-to-day decision-making, Ralph can focus on Borelli Investment Company’s longer-range vision, development projects, and the often-complicated land transactions that take place in Silicon Valley. This is a special area of expertise for both Ralph and the firm. In fact, Ralph was once again honored as the Association of Silicon Valley Brokers (ASVB) land broker of the year, repeating his win of the same award a year earlier.
The total value of Ralph’s transactions last year also earned him recognition as a CoStar Power Broker for 2005 by CoStar Group, a leading provider of information services to commercial real estate professionals nationwide. During the year, Ralph completed ten land transactions totaling nearly 504 acres and valued at $136.1 million—virtually all of that in the San Francisco Bay Area.
“Bottom line — it’s the same great people at Borelli, only now we’ll be even better able to respond to your needs,” Ralph says. “We’ve always stressed the team concept at Borelli. Beyond Buddy, Tom, and me, we have a tremendous staff of commercial real estate professionals that together deliver the highest quality service in the Bay Area. These promotions better position the firm to keep meeting our clients’ requirements for years to come.”