Stevan Gromet is the managing principal of Gromet & Associates. Mr. Gromet has been practicing real estate law in California for 41 years, and presently focuses on representing sophisticated clients in real estate and business transactions and litigation matters. Mr. Gromet has represented clients in over $850 Million in real estate purchase, sale and finance transactions during the last real estate cycle, and also provides strategic litigation counseling and representation to firm clients on real estate/commercial litigation matters. Mr. Gromet has established long term relationships with his clients, some of whom he has been representing his entire legal career.
JD, CCIM, CRE
REPRESENTATIVE TRANSACTIONS
- Purchase and sale of office buildings in the Western United States for between $15.6 Million and $101 Million
- Acquisition, financing, construction, leasing and ultimate sale of 107,000 square foot office building for $42 Million
- Sale of entitled lands to public and private homebuilders for between $30 Million and $68 Million (Los Angeles, Orange, San Diego, Riverside, San Bernardino and Sacramento Counties, as well as Nevada and Arizona)
- Sale of a California industrial building to Google Inc. in Silicon Valley
- Represent sponsors of $200+ Million real estate investment funds
- Purchase at foreclosure of a 300+ room hotel for $21 Million
- Purchase of investment grade office and industrial buildings and retail centers in California, Arizona, Nevada, Minnesota, Ohio and Texas
- Purchase of 25 acre industrial site in Newport Beach and re-entitlement and development into multi-family residential, mixed-use development projects
- Acquisition and subsequent disposition of resort property in Taos, New Mexico
- Staged sale of California entitled apartment site for $41.5 Million
- Acquisition of mobile home park for $55 Million and subsequent disposition
- Sale of high-rise condo site in Newport Beach for $40+ Million
- Acquisition and subsequent sale of former hospital site as a multi-family site in Los Angeles, California for $38 Million
- Acquisition and mixed-use re-development of former SCE tank farm site in Huntington Beach, California
- Acquisition of residential development site in Fountain Valley, California for $65 Million
- Acquisition of development site in Calimesa, California for $45 Million
- Acquisition of redevelopment site in Fullerton, California for $28.5 Million
- Acquisition, development and sale of 1.8 million square feet of warehouse facilities for $329 Million
CLIENT BASE
Mr. Gromet’s clients of the Firm include institutional investors and REITs based primarily in southern California, with business interests that extend across the United States.
DESIGNATIONS, LICENSES AND PROFESSIONAL AFFILIATIONS
- “AV” rating (the highest rating) by Martindale Hubbell, the national legal rating organization.
- Member, CCIM Institute
- Member, The Counselors of Real Estate
- Past President, Orange County Chapter, Lambda Alpha International (Honorary Society for the Advancement of Land Economics)
- Mr. Gromet holds a California broker’s license
EDUCATION
B.A. (Economics), Yale University, Class of 1976
J.D., University of Texas School of Law, Austin, 1980
LEGAL EXPERIENCE
1980-1983: Real Estate counsel, Fashion Lane Development, Tustin, California
1983-1986: Real estate attorney, Allen Matkins Leck Gamble & Mallory
1986-1996: Partner, Pinto, Gromet & Dubia, Irvine, California
1996-present: Managing Principal, Gromet & Associates, Laguna Beach, California
COMMUNITY INVOLVEMENT AND CHARITABLE SERVICE
- Past Chair and Board of Trustees Member, Laguna College of Art & Design (LCAD). LCAD is a 4-year accredited fine arts college and graduate school that has been a Laguna Beach institution for over 50 years. Mr. Gromet assisted LCAD in purchasing new facilities in Laguna Beach to house the College’s Masters in Fine Arts program and Digital Arts program, and oversaw the College’s current strategic initiatives.
- Member and Vice-Chair, Board of Counselors (BOC) of Orange County’s Pacific Symphony Orchestra. The BOC studies major issues facing the Symphony and provides strategic input to the PSO’s Board of Directors; Mr. Gromet serves on the BOC’s Governing Committee.
- Served as a member of the Campaign Committee and as pro-bono real estate counsel, Laguna Beach Seniors, Inc. (at the request of the Mayor of Laguna Beach and members of the Laguna Beach City Council). Mr. Gromet assisted Laguna Beach’s principal seniors organization in negotiating with the City of Laguna Beach a joint development and long term lease of the new “Suzy Q” Senior Center and the City’s community center (construction completed in January of 2009).
