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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.

James Ramos | Accounting Manager

Real estate runs in James’ blood. His first words uttered were Mommy, Daddy & Rent Roll.  At Cal Berkeley, where he earned his BA in Political Science & Economics, he purchased a 24-bed rooming house. James has held a variety of roles in numerous industries located in the San Francisco Bay Area, Atlanta and Honolulu.  Ingrained in his DNA from working at the Ritz Carlton Hotel Company for almost 10 years, he strives for continuous improvement and providing excellent service to both internal & external customers. He searched for his pot of gold working at several Silicon Valley start-up software companies. (He’s still searching). Consumed by wanderlust, he once worked for an airline in Honolulu. With his legs firmly planted, he later joined Colliers Hawaii where he supervised a large team of property accountants. Enjoying more beach time than anyone deserves, he returned back to his hometown, San Francisco. For Balco Properties, James was a bean counter for a large portfolio of commercial properties At Monarq, he manages the entire bean counting process. When James is not balancing debits and credits, he might be found offering a helping hand at a shelter or binge-watching a riveting tv series. James hopes to save the world through peace, goodwill & reconciliations.

Scott Rector | Assistant Property Manager

Scott joined Balco in June 2016 where he assisted in all property, asset, and transaction management activities. He comes to us from Digital Realty with ten years’ experience in class-A data center property management, starting as an accounting assistant and advancing into the role of Assistant Real Estate Manager.  Scott continues with the Monarq team to pursue exciting opportunities to grow his industry knowledge and experience in commercial real estate. Scott always wins our baking competitions and is known for his world famous pecan pie!

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.

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.

The Monarq Mission

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