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History

Robert Allison, a successful Los Angeles area developer and founder of Warner Center, formed Crown City Management Company (which later changed its name to Allison Asset Management Company) in 1984 as an adjunct to handle the day-to-day management of his many development projects and real estate holdings.

Robert Allison’s real estate career began in the Los Angeles loan department of Coldwell Banker in 1955. Mr. Allison went on to open the San Fernando Valley office of Coldwell Banker in 1964, which began as a loan office and later became a full-service real estate office including brokerage services.

Based on relationships cultivated during those years, Mr. Allison brokered the sale of the undeveloped 630 acre “Warner Ranch” property, then owned by Harry Warner of Warner Brothers, to Aetna Life Insurance Company in 1968. Allison then worked on behalf of the early ownership to oversee the master planning, zoning and land sales of what he dubbed “Warner Center”.

Allison later went on to develop much of the core business district of Warner Center in partnership with Robert Voit and New England Life Insurance Company. Warner Center is now one of the major urban centers in the greater Los Angeles area containing 1 ½ square miles developed with retail, residential, commercial, hospital, office, industrial and hotel uses, with approximately 40,000 jobs and 11,300 residents located within its boundaries.

During his career, Mr. Allison developed many other commercial projects throughout California and Hawaii.

Mr. Allison retired in 1994 and was succeeded by his son, David Allison, who has served as president of the company since then. Crown City Management Company changed its name to Allison Asset Management Company that same year.

Since that time, the company primarily has functioned as a family office, managing the Allison family’s commercial real estate and other assets.