Ralph Borelli Named Land Broker of the Year
Borelli closes seven transactions representing 127 acres and nearly
$56 Million in total value
San Jose, California, May 20, 2005 — Ralph N. Borelli, president and CEO of Borelli Investment Company, has been named the 2004 Land Broker of the Year by the Association of Silicon Valley Brokers (ASVB). During the year, Borelli closed six land transactions in Silicon Valley valued at $49.9 million. In addition, he completed a major sale of 19.47 acres of land in the Modesto area, representing nearly $6 million in value.
The Silicon Valley transactions that won Borelli the ASVB award were highlighted by the sale of the final parcel in a complex, long-term land-purchase by KB Home at Communications Hill in San Jose. Communications Hill, prominently located south of downtown San Jose, is the site of Tuscany Hills, a beautiful new home community being developed by KB Home. Built on 125 acres brokered by Borelli over the past ten years, Tuscany Hills will ultimately contain three neighborhood parks and more than 700 residential condominiums, townhomes, and single-family homes.
“It is a tremendous honor to be recognized by the ASVB,” said Borelli. “The majority of land transactions now taking place in Silicon Valley involve sophisticated repositioning and painstaking work obtaining variances and other government approvals. Borelli Investment Company has a special affinity for these challenging land deals, drawing upon our 50-year history of property transactions here in the valley.”
Among the other major land transactions Borelli closed locally in 2004 were two additional purchases for KB Homes in downtown San Jose — one at 770 South 12th Street; and the other a former storage yard for Union Pacific Railroad on East Williams Street. The nearly $50 million in Silicon Valley area land-specific transactions ranked Ralph Borelli second overall among all brokers on the list of Top Commercial Real Estate Agents in the Silicon Valley Business Journal.
“This award reflects the hard work that our firm consistently does for its clients,” Borelli noted. “Our goal is to quickly and efficiently meet client requirements, regardless of how challenging they may be.”
Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley. The company provides a full range of commercial real estate services — from development and construction management to land sales and consulting for sales and leasing. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borelli.com.