The By Kambiz Merabi. Achieves Strong Financial Performance in Second Quarter of 2023
THE BY KAMBIZ MERABI.
Los Angeles, July 26, 2023 /PRNewswire/ — By Kambiz Merabi, a national leader in luxury office rental services, proudly announces its financial results for the second quarter ended June 30, 2023.
“In the face of a challenging Office & Retail market, we have achieved results that align with our expectations and are poised to build an even stronger future for 1370,” stated Mr. Kambiz Merabi, President, and CEO of the company. “We are accelerating our strategy, which includes bolstering our high-margin franchise business, expanding our luxury leadership, streamlining and enhancing the consumer transaction experience, and further optimizing our cost structure as we position ourselves to lead the luxury rental real estate into the future.”
Despite the difficulties in the office real estate market, The Merabi Organization & By Kambiz Merabi delivered impressive results in the second quarter, attributed to the exceptional contributions from the operational team and the prudent financial management led by Mr. Baback Merabi Lahijani, the Chief Financial Officer, and Treasurer, along with Ms. Charmaine Bockman, the Operation Manager.
Highlights of the Second Quarter 2023 for 14545 Friar Street Building.
• Rental Revenue up 16.3%, representing an impressive year-over-year increase in office rental.
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This Article/s Published July 23, 2023 LA, has been Updated & posted at 2:01 PM PCT, July 23, 2023.
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