Seligman & Associates

Founded in 1954, by Irving R. Seligman, Seligman & Associates, Inc. and its affiliated companies ("Seligman") continues to be a leader in development, acquisition, and management of commercial and residential properties throughout the western United States. The predecessor company was started as Stern & Seligman in 1947. Seligman was initially foun... ded to construct garages in a post-war era, which soon led to the development of single-family homes and apartments in Detroit and Las Vegas. Simultaneously, Mid-States Mortgage, Co. was founded to provide HUD financing for first home buyers. In 1971, Seligman went public. In 1976, Irving's son, Scott Seligman, became Group Vice-President of Seligman, responsible for single-family building operations as well as management of multi-family properties located in the Metropolitan Detroit area. From 1977 to 1983 Scott was Seligman's President, Director and Chief Operating Officer, a position he held in addition to becoming President of Mid-States Mortgage Corporation in 1983. Between 1959 and 1985, Seligman developed 10,000 multi-family units. In 1987, the Seligman family again took Seligman private. Building upon his experience with both Mid-States Mortgage and the family's growing real estate portfolio, in 1984, Scott Seligman chartered the Sterling Savings and Loan Association. In 1993, with the addition of a Trust division, Sterling became Sterling Bank & Trust, FSBa Federal Savings Bank. In the late 1990's, Seligman began selling its Michigan properties and reinvesting capital, developing and purchasing office properties in Orange County, California. Along with a Southern California office portfolio, Seligman owns office buildings in Northern California and Las Vegas. With a reputation for superior management and maintenance, the office portfolio consists of numerous Class B properties with tremendous upside in rent growth. From 1999 to 2001 Seligman acquired 16 multi-family properties in positive growth areas within Greater Los Angeles, California. All of the ...Read More