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We believe you can do well, by doing good.

Mollie Westphal | President

Growing up around the family alarm and real estate businesses, Mollie had an early calling for commerce. In grade school, she ran a household goods business, delivering products door to door with her hand pull wagon. During high school and college, she operated a natural suntan oil company selling from the trunk of her car at local pools, beaches and parties.

Later Mollie would lead and grow Balco Properties, the family real estate business, into one of the leading privately held commercial real estate companies on the West Coast. Her current endeavors include expanding Monarq’s portfolio and spearheading a two-tower luxury housing development in downtown Oakland.

Mollie is a perpetual student. After earning her BA in Sociology at the University of San Francisco, (where she currently serves on the President’s Board), she is continuously learning. She graduated from the Harvard Graduate School of Design, where she took first place in the coveted development competition. In 2020, Mollie will graduate from Harvard Business School’s Owner/President Management program. She is an active member of Young Presidents Organization and Harvard’s YPO Real Estate Alumni. Mollie is a member of the prestigious 100 Club. She also participates in various business and community boards.

Mollie believes in doing well by doing good. She supports sustainable initiatives in property management and development. She loves to sing and travel. Mollie’s been spotted singing on stage, sailing on a catamaran in the Mediterranean, skiing in the Sierras, roughing it on a ranch in Red Bluff and zipping by on a Vespa through Oakland.

Lori Brown | Executive Assistant & Special Projects

Lori Brown, Executive Assistant/Special Projects, joined Balco Properties in January 2009. Prior to joining  Balco, she assisted the Chairman and the CEO at Bay Alarm Company.  Lori is responsible for assisting the President of Monarq. She acts as a liaison between executive management and the property management and development team. She holds an MBA from Averett College, in Virginia. Her super power is being a Mom and holding up the Monarq Universe.

Beth Arce | Director of Real Estate

Beth grew up in real estate.  With her father being a recognized commercial real estate leader and educator, she learned from a young age. Beth received her BS Degree in Business Management from the University of San Francisco. She began her career with Cushman & Wakefield doing market research. Later, Beth joined the General Services Administration as an Asset Management Specialist where she oversaw a 7.1M SF portfolio of GSA assets.   Beth joins Monarq from JLL where she oversaw a 450K sf retail portfolio consisting of 66 tenants representing 11 ownership groups.

Katrin Kaukull | Property Manager

Katrin Kaukull grew up in Tallinn, Estonia. She received her bachelor’s degree in Economics from Tallinn University of Technology. Katrin received her real estate license in 2007 and joined Century 21 Real Estate Company the same year. She has over 15 years of experience in the property management field. Prior to joining Monarq Inc., a Westphal Company in February 2021 she worked as Assistant Property Manager in Jones Lang LaSalle Inc. Katrin inherently understands that the customer is one of the most valuable assets an organization can have, and is driven by the unrelenting pursuit of customer-driven focus. If she’s not working she likes traveling, hiking, reading and being a homebody with her daughter, Jamilah and black cat, Jinxi.

Jarek Romero | Accounting Manager

Jarek wanted to be a mechanical engineer when he was younger. However, after he started assisting his father, an accountant, he changed his mind. Jarek has been working in accounting for more than 10 years, and he enjoys solving problems. Math and critical thinking are his strength, and we are happy to have him and his skills here at Monarq. Although Jarek is still pursuing his bachelor’s, he comes with many years of experience in the property management accounting world. On his days off, he spends them going out for walks and going on new adventures with his family.

Jorge Landeros | Maintenance Technician

Jorge was born in Mexico and has lived in the Bay Area for many years.  He has worked at the Franklin Building in Oakland for over 10 years and can be seen busy working in the building or at one of Monarq’s other properties. He has 2 sons and lives with is wife in Oakland.  Jorge enjoys camping and time with his family.

Nancy Gille | Advisory Board

Nancy is a seasoned commercial real estate professional with acquisitions, leasing/operations, and asset management experience for organizations including Equitable Real Estate, Government of Singapore, Spieker Properties and Harsch Investment Properties.  In 2008, she joined REAL Systems.  As a Principal, she provides owners and occupiers of commercial real estate with customized services related to investment and business strategy, asset management, and project management.  Nancy served as adjunct faculty at San Francisco State University, teaching commercial real estate finance, from 2013 to 2018, and continues today as an instructor of courses offered by BOMA and CREATE.  She holds a BS from the University of San Francisco and as a Sloan Fellow, an MS in Management from London Business School.

Dick Kraber | Advisory Board

Dick loves math and modeling (financial not runway).  His undergraduate degree is in Mathematics from Stanford, class of 1963. He received his MBA from Harvard Business School in 1967. After graduation, he was a consultant for McKinsey & Co for five years.  Dick’s first management job was Controller of Kaiser Engineers in Oakland. Then made a move to become VP of Finance of Norlin Music in Chicago. He ran two security guard companies in Canada for Lawrence Systems, eventually selling both companies. With the love of math still in his veins, Dick became CFO of Distribuco, a publicly held food distribution company. That was exciting!  Soon after Dick, joined Garden America, the maker of irrigation systems.  He took the company public and then sold it to Black & Decker. Dick spent five years as COO of Peerless Lighting located in Berkeley. He became CFO of Wind River Systems, a hi-tech software company in Alameda. Dick will never retire and brings his financial experience and expertise to Monarq.

The Monarq Mission

Creating environments
to empower people and organizations
that fulfill what matters most.
Doing well by doing good.