The Ratkovich Company

What The Ratkovich Company does

The Ratkovich Company (TRC) is a privately held, full-service real estate development firm founded in 1977 by Wayne Ratkovich and headquartered in Alhambra, California, operating across Southern California. The company engages in both ground-up development and the adaptive reuse of historic and underutilized properties, with a portfolio spanning mixed-use destinations (The Bloc, 1.9 million sq ft; $250 million transformation), creative and traditional office campuses (The Alhambra at ~1 million sq ft across 17 buildings on 40–46 acres; 5900 Wilshire; The Hercules Campus at Playa Vista; The Bowcroft Collection in Culver City), entertainment and hospitality venues (The Wiltern Center, West Harbor waterfront at 42 acres on the Port of Los Angeles), and a planned residential community of over 1,000 units at The Villages at The Alhambra. TRC's underlying capability set combines historic rehabilitation expertise (Art Deco Wiltern Theatre, James Oviatt, Fine Arts buildings, former Hughes Aircraft Hercules Campus) with sustainability infrastructure such as Bloom Energy fuel cells generating 75% of on-site power and smart irrigation reducing water consumption by 85% at The Alhambra, which carries LEED/BREEAM/USGBC alignment and an Energy Star score of 91.

The business operates a partnership-driven, enterprise-field-sales model. Revenue is generated through three streams: real estate development (development fees, property sales, and co-investment returns on projects executed with institutional capital partners including Invesco, Prudential, AXA Real Estate, National Real Estate Advisors, Blue Vista Capital Management, and ELITE International Investment Fund), recurring property and asset management across owned and operated assets, and advisory and entitlement consulting for institutional partners. The customer base is bifurcated between institutional capital partners (financial investors providing project equity) and enterprise tenants (Google, YouTube, 72andSunny at Hercules Campus; Cal State LA, Eastern LA Regional Center at Alhambra; chef-driven restaurants and entertainment operators at West Harbor), with select government engagements (Port of Los Angeles). The Bloc is the largest completed transformation to date at $250 million, and West Harbor Phase One carries a $150 million budget. Following founder Wayne Ratkovich's death on September 24, 2023, leadership transitioned to Milan Ratkovich (President & CEO), with Brian Saenger having served as CEO from March 2021.

Name

The Ratkovich Company

Legal name

The Ratkovich Company

Website

https://ratkovich.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

The Ratkovich Company is a privately held Los Angeles real estate development firm, founded in 1977, that transforms historic and underutilized properties into mixed-use, office, entertainment, and residential destinations. It partners with institutional capital providers and leases to enterprise tenants across Southern California.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Management of Companies and Enterprises (55111), Management, Scientific, and Technical Consulting Services (5416)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

akta.pro secondary industries

Renovation, Remodeling & Tenant Improvements (General Contracting) (IMAFAAAE), Specialty & Entertainment Venue Property Management (BPAJAGAO)

Keywords

• Commercial real estate development
• Mixed-use property development
• Historic building rehabilitation
• Sustainable urban redevelopment
• Property and asset management

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Real Estate Development: Development of mixed-use, retail, entertainment, industrial, and residential properties. Revenue generated through property sales, development fees, and co-investment returns.
2. Property and Asset Management: Ongoing management of developed properties including The Alhambra (1 million sq ft campus), 5900 Wilshire, The Hercules Campus, The Bloc, and West Harbor.
3. Advisory and Consulting Services: Development consulting, strategic planning, and entitlement strategy services for institutional partners and investors.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

The Ratkovich Company is a Los Angeles real estate development firm that develops, repositions, and manages mixed-use, office, retail, entertainment, industrial, and residential properties across Southern California. The company specializes in transformative adaptive reuse of landmark and historic buildings, sustainable urban infill development, and long-term property and asset management of its owned portfolio including The Alhambra, The Hercules Campus, The Bloc, and West Harbor.

Product overview

The Ratkovich Company is a real estate development firm (not a software/technology product company) offering a portfolio of commercial and mixed-use real estate properties across Southern California. The company's offerings include office campuses (The Alhambra, 5900 Wilshire), creative tech campuses (The Hercules Campus, The Bowcroft Collection), entertainment/hospitality venues (West Harbor, The Wiltern Center), and mixed-use developments (The BLOC). Services span development management, advisory services, property management, and asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• The Alhambra A 40-46 acre office campus in Alhambra, originally the 1941 CF Braun Engineering headquarters, now a nearly 1 million square foot mixed-use campus spanning 17 buildings on 45 acres that produces 75% of its own power via Bloom Energy fuel cells. Leased to enterprise and institutional tenants including Cal State LA and the Eastern Los Angeles Regional Center, with occupancy above 90% as of 2023.
• The Hercules Campus An 11-building creative office campus at Playa Vista in Los Angeles, composed of historic former Hughes Aircraft Company buildings from 1944, including the H-4 Hercules 'Spruce Goose' production facility. Now leased to Google, YouTube, and 72andSunny.
• The Bloc A 1.9 million square foot mixed-use development in Downtown Los Angeles representing a $250 million transformation of the former Macy's Plaza (originally built in 1973), repositioned into a modern retail, dining, office, and hotel destination completed between 2013 and 2022.
• West Harbor A 42-acre waterfront retail, dining, and entertainment destination on the main channel of the Port of Los Angeles in San Pedro, reimagining the historic Ports O' Call property as a world-class destination with chef-driven restaurants, seafood markets, artisan craft beers, and live entertainment, supported by $65 million in equity.
• 5900 Wilshire A 30-31 story office tower from 1970 located across from LACMA in the Miracle Mile/Mid-Wilshire district, featuring the longest section of the Berlin Wall in the United States; recognized with a BOMA TOBY award for building management excellence.
• The Wiltern Center A landmark 1931 Art Deco theater in the Wilshire Center/Koreatown district that was revitalized with a New York-inspired identity and repositioned in 1981 as a live entertainment and commercial venue.
• Chapman Market A 1929 commercial property in Koreatown that originally housed the country's original drive-thru market, reimagined between 1989 and 1998 into a curated Koreatown retail and dining destination.
• The Oviatt Building A 12-story 1928 Art Deco building in downtown Los Angeles that was The Ratkovich Company's founding acquisition in 1977, featuring the reimagined Rex II Ristorante originally a men's haberdashery.
• The Bowcroft Collection A 73,000 square foot repositioning of former manufacturing buildings into a creative office campus in the Culver City submarket of Los Angeles.
• The Villages at The Alhambra A planned housing development of more than 1,000 condos and apartments surrounding The Alhambra office complex, built on the former CF Braun Company site.
• Real Estate Development Services Full-spectrum real estate development services including site identification, entitlement strategy, design management, construction management, capitalization, and disposition for institutional partners and investors across Southern California.
• Property and Asset Management Ongoing property and asset management for developed assets including The Alhambra (1 million sq ft, 17 buildings), 5900 Wilshire, The Hercules Campus, The Bloc, and West Harbor, delivered by an in-house team with BOMA RPA-credentialed leadership.
• Advisory and Consulting Services Development consulting, strategic planning, and entitlement strategy services provided to institutional partners and investors on complex urban infill and waterfront projects.

Quantifiable outcome

• Properties valued at more than $2.7 billion
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• UCLA Anderson ForecastminorStrategic or Co-development Partner · 13 December 2021Brian Saenger, CEO of The Ratkovich Company, joined the advisory board for the UCLA Anderson Forecast as founding member
• AltaSeaminorStrategic or Co-development Partner · 1 January 2021Nearby attraction adjacent to West Harbor development linking downtown San Pedro with waterfront
• Jerico DevelopmentcoreStrategic or Co-development PartnerDevelopment partner for collaborative real estate projects in Southern California
• Port of Los AngelescoreStrategic or Co-development PartnerGovernment partner selecting TRC to develop the 42-acre West Harbor waterfront site in San Pedro

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Related Companies: Large-scale national developer of mixed-use, affordable housing, and urban revitalization projects. Comparable as a transformational urban developer pursuing the type of public-private partnerships Ratkovich executes at West Harbor and Alhambra.
• Hines: Global real estate investment, development, and management firm with significant Los Angeles presence. Directly relevant — TRC's SVP Kevin Houser spent 13 years at Hines, and the firm operates comparable office property management and development at scale.
• The Irvine Company: One of the largest privately held real estate investment companies in the US, headquartered in Newport Beach with extensive SoCal office, retail, and mixed-use portfolio. Comparable as a Southern California mixed-use developer with a long operating history and premium tenant relationships.
• Tishman Speyer: Global real estate owner, developer, and operator with mixed-use and adaptive reuse expertise. Comparable as a trophy-property developer that competes for institutional capital and anchor tenants similar to Ratkovich's institutional LP base.
• Brookfield Properties: Major global real estate operator with substantial office and mixed-use assets including former Forest City Realty Trust portfolio. Comparable as a mixed-use developer and institutional capital partner competing for similar SoCal deals and tenants.

Direct peers

• Kilroy Realty Corporation: Public REIT focused on West Coast office and mixed-use properties, with significant Los Angeles footprint. Comparable as a SoCal-focused office developer with overlapping product type and tenant profile to Ratkovich's Hercules Campus and 5900 Wilshire assets.
• CIM Group: Los Angeles-based real estate investment and development firm specializing in urban infill, mixed-use, and transit-oriented projects. Highly comparable given shared SoCal focus, urban redevelopment thesis, and mixed-use product mix similar to Ratkovich's Bloc, Alhambra, and West Harbor portfolio.

Regional players

• Douglas Emmett: LA-based REIT specializing in office and multifamily properties in premier West LA submarkets. Comparable geographic focus and office/multifamily product mix to Ratkovich's Alhambra housing-office vertical integration strategy.
• Jamison Properties: LA-based commercial real estate developer and owner-operator focused on Koreatown and greater LA. Comparable as a Southern California boutique developer targeting similar mixed-use and urban infill opportunities as Ratkovich.

Others

• Goldman Sachs Urban Investment Group: Major institutional capital provider to urban redevelopment and mixed-use projects. Relevant as a potential capital partner / co-investor comparable to Ratkovich's relationships with Invesco, Prudential, and AXA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-ratkovich-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Ratkovich Company