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Affordable Homes Elude Even High Earners.

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L.A. tech workers face heavy mortgage costs for properties close to offices.

San Francisco-based condominium sales and marketing company Polaris Pacific has opened its first local office, leasing more than 3,000 square feet of office space downtown on the 25th floor of 777 S. Figueroa St. as it seeks to expand its footprint in Los Angeles.

Mike Akerly will oversee the company’s local portfolio as vice president and regional manager. Project Director Christina Milovancev and Marketing Director Kara Schultz will handle supporting sales and marketing efforts locally. Rachel Weaver, new business development manager, has relocated from Polaris Pacific’s San Francisco headquarters to help grow the company’s Southern California portfolio. “Our enhanced footprint in this market will be a tremendous benefit to our developer clients who rely on us,” Akerly said in a statement.

Locally, Polaris Pacific has two projects in the works – a 140-unit building at 1150 Wilshire Blvd. in Westlake and a 208-unit tower at 1130 S. Hope St. in downtown. The company also is working on the sales and marketing for Pasadena’s West Grove, a 23- residence condo community under construction. The company previously marketed luxury condos at Ten50, a 25-story building at 1050 S. Grand Ave. in downtown’s South Park neighborhood where residences range from 679 square feet to 1,380 square feet in size.

Read it at Los Angeles Business Journal

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