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Published on: 9/12/2008
Last Visited: 9/17/2008
Kent Swig has been on something of a New York roll.
Now Swig — a member of the prominent San Francisco real estate family — is hoping to bring some of that New York swagger back to his hometown.This month Swig is opening two new San Francisco offices, one for his investment and development firm, Swig Equities, and one for Helmsley Spear, a once-mighty brokerage Swig bought a year ago and is trying to restore to its former glory.
Both firms will be housed on the sixth floor of 450 Sansome St., which Swig bought in 2005 for $28 million.
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"I am a San Franciscan at heart — born and raised out there," said Swig.
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Kent Swig is a board member and shareholder of the Swig Co. and said Swig Equities will be careful to steer clear of Swig Co. targets.
"I don't want to have any conflicts with my family," he said.
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Swig has doubled its employee count from 35 to 70 since Swig bought the firm.
"The idea is to bring it back to its former glory — only better," said Swig.
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With the economy sputtering and real estate service firms consolidating at a record clip, it's the perfect time to draft talent, Swig said.
"Brokers don't leave brokerage firms when they are making an enormous amount of money and business is booming.When there is a hiccup in the industry and things slow down brokers say, ,is this the right place or can I do better?' That is when people tend to move," he said.