Front entrance of Watt Plaza in Century City, CA

Financial Partners

Watt Plaza | Class-A Office | Century City, CA

Watt works with many partners and affiliates – homebuyers, tenants, employees, investors and the communities in which we operate – to create supportive and mutually rewarding partnerships. On these pages you will find the names of a selection of our joint venture and capital partners, both past and present, and links to their websites should you wish to find out more.


  • 1st Century Bank provides small, community bank relationships with big bank technologies and services, and is focused on serving the needs of small businesses, entrepreneurs and high net-worth individuals in West Los Angeles.

  • We take great pride in delivering the personalized service you’d expect from a local community bank, but offer all the comprehensive solutions available at major financial institutions. As a subsidiary of Zions Bancorporation (NASDAQ: ZION) with assets of over $50 billion, California Bank & Trust is a member of the STAR® System, MasterCard®, Visa®/Plus®, AMEX®, and Discover® ATM networks.

  • For 28 days in 1846, California became its own independent republic. This was the result of a small group of hardworking, dedicated and rebellious California settlers who were driven by a mission to unite together and create a unique republic that truly represented the California spirit. During this time together, the group raised their own flag, known as the “Bear Flag”, which represented their sovereignty.

    California Republic Bank was created with this same innovative and independent spirit, which is reflected in our state’s history. Our logo displays the bank’s own unique flag which is representative of the old maritime symbol for “Pilot on Board”. The “Pilot on Board” flag would be raised over ships that would require the services of local experts who would help their clients navigate through unfamiliar waters, and deliver them safely to their destination.

    Today, that same tradition resonates not only in California Republic Bank’s logo, but also in our philosophy. We are a California-based, local bank, with expert advisers providing clients with direct access to decision makers, responsiveness and the ability to help them arrive safely where they want to be. The original California Republic’s independent spirit lives on in our bank. We are committed to being better than the national banks and remaining here in California, which we feel is absolutely necessary to understand and proactively serve the unique needs of our local clients.

Other Financial Institutions

  • Northern Trust is a leading provider of asset management, fiduciary, banking, asset servicing and fund administration solutions for individuals, families, corporations and institutions worldwide. We have earned distinction as an industry leader by combining exceptional service and expertise with innovative capabilities and technology.

  • Based in Scottsdale, Arizona, INCA Capital is a direct source of private capital for the financing of all types of investor and owner occupied Real Estate (Residential, Commercial, Multi-Family and Subdivision Land) as well as creative structures such as participation loans, joint ventures and special purpose Business Financing transactions. With over 40 years’ experience in real estate financing, construction and development, we are able to originate, underwrite, structure and fund loans that traditional banking guidelines may or will not fund. In addition, unlike commercial banks, our speed and flexibility allow us to focus on a truly niche segment of the real estate market that is currently underserved by the lending markets.

  • Colonial Capital, LLC MB# 0905749 is a private lending institution that provides asset based financing and fast closings to borrowers. We specialize in financing situations that are not typically serviced by conventional lenders. We are able to provide such loans because the money we lend comes from private sources and is not subject to the restrictions imposed on conventional banks. We are known for our ability to quickly assess complex opportunities and our simplified approval process.

    Colonial Capital provides financing for many types of real estate transactions, including acquisition, development, fix and flips and construction of single-family residential, apartments, retail, office and industrial projects, as well as mezzanine financing, workouts and refinancing, just to name a few.

Institutional Capital Partners

  • Since 1976, the Strand organization has been actively involved in providing equity, joint venture, and mezzanine debt financing to developers for single-family residential, multi-family/apartments, and commercial developments throughout North America.

    Strand finances its activities from its internal shareholder equity and from capital contributed by its Canadian and international institutional, corporate and individual partners. Strand’s activities are carried out through a variety of financing vehicles to satisfy the taxation and structural requirements of each specific transaction. As a result of its strong financial resources, Strand has the ability to respond on a timely basis to investment opportunities.

    While Strand has maintained a relatively low profile, consistent with the philosophy of its major shareholders and financial partners, Strand has developed an established reputation for successful real estate investment and financing. Strand is structured to undertake a volume of business throughout several regions in North America from its head office in Vancouver, Canada and regional offices in the western and southeastern United States.

  • At Presidio Residential Capital, our goal is to invest wisely with residential builders and developers in quality residential projects with top-tier sponsors. As a provider of capital to the development and homebuilding industry, we pride ourselves on our ability to quickly reach a decision and fund. In addition, our ongoing management is both streamlined and user-friendly.

    Since 1998, our principals have had a close relationship with one institution that funds all of our project activities. This solid relationship gives Presidio a significant operational advantage over many other capital providers. Since 2009, Presidio and its affiliates have infused more than $500 million into the residential development of more than 75 projects.

    Presidio’s partners run the gamut from established homebuilders to talented start-ups with compelling projects but limited capital.

    Our team is a seasoned group of professionals who are decisive and non-bureaucratic. After 30 years in the residential development industry, we have no interest in – or patience for – protracted decision making processes, and we’re always in the market for like-minded partners.

  • Borstein Enterprises (“Borstein”) is a leading Southern California real estate development and investment company. Since its inception in 1980, the company has financed, developed and/or constructed over 100 residential subdivisions and more than 3.6 million square feet of industrial and commercial property. Borstein has operated independently for 35 years, following a 13 year partnership between Ray Watt and Alan Borstein at W&B Builders and Boise Cascade Building Corporation. Borstein is privately held and has no outside investors.

Operational Joint Venture Partners

  • Led by John Kilbane, Archwest Developments is a luxury home builder and an award-winner in architecture and has worked with Watt for over 25 years in both capacities. Mr. Kilbane has built over 50 high-end luxury homes and has overseen the build out of numerous California communities. Through joint ventures with Watt, Archwest Developments utilizes its extensive construction, design, and marketing abilities as a builder of high-end luxury products.

  • New Leaf Communities advises, designs and develops creative and sustainable housing solutions in urban areas and supply-constrained rural markets, with a focus on projects in Arizona and the southwestern region of the United States. The company’s activities concentrate on urban revitalization, smart growth, social equity and community development. As a privately held company, New Leaf Communities has pursued new development opportunities individually and in conjunction with highly regarded partners.

    The recovering Phoenix homebuilding market has flexed its muscle once again, prompting a new joint venture that links local real estate development veterans Steven Pritulsky and Paul Timm, and their company New Leaf Communities, with long-time Southern California-based builder Watt Communities. The venture, Watt Communities of Arizona, will bring the infill residential experience of Watt Communities to Arizona. The joint venture is evaluating other sites in key Phoenix area urban infill markets as well, with the goal of developing many more quality, attached and higher density detached for-sale communities.

Stay connected Follow Watt Companies on LinkedIn →