Category Archives: News

Wedgewood’s Solar Savings

Our office building is 80% powered by solar energy which reduced our electricity bill by $143,000 in 2015, lowered our greenhouse gas emissions, and resulted in environmental savings as well. Wedgewood’s solar initiative is a win-win-win.

Wedgewood Named One of the Best Places to Work in Los Angeles

Redondo Beach, CA, July 13, 2015 – Wedgewood is proud to announce that it was named as one of the 2015 Best Places to Work in Los Angeles by the Los Angeles Business Journal.

“Wedgewood employees share an entrepreneurial spirit and are passionate about their work. We strive to make sure our employees love coming into the office every day, and we are proud to be recognized as a great place to work.” – Michele Tasker, Director of Human Resources

This survey and awards program is designed to identify, recognize and honor the best employers in Los Angeles, benefiting the county’s economy, workforce and businesses. The list is made up of 100 companies.

Companies from across the county entered the two-part survey process to determine the Best Places to Work in Los Angeles. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies and the final rankings. Best Companies Group managed the overall registration and survey process in Los Angeles, analyzed the data and determined the final rankings.

The actual rankings will be revealed at a special event on August 19, 2015, then published in the August 24, 2015, issue of the Los Angeles Business Journal.

About Wedgewood

Wedgewood is a leading acquirer of distressed residential real estate. Founded in 1985, Wedgewood has grown into a diversified, vertically integrated company, expanding its business footprint to include residential rehabilitation, non-performing loans, property management, private lending, brokerage, escrow, and more. The company has 250 employees and is headquartered in Redondo Beach, CA.

To learn more about career opportunities at Wedgewood, visit www.wedgewood-inc.com.

For more information on the Best Places to Work in Los Angeles program, visit www.BestPlacestoWorkLA.com.

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If you would like more information about this topic, please contact Michele Tasker at 310-640-3070 or email at mtasker@wedgewood-inc.com.

 

Wedgewood solar installation

Wedgewood Celebrates Solar Power Project

Redondo Beach, CA, April 22, 2015 – To celebrate the completion of its solar power installation and in conjunction with Earth Day, Wedgewood hosted a ribbon cutting ceremony at its headquarters in Redondo Beach, CA.

Last year, Wedgewood consolidated its operations from multiple buildings in El Segundo to a single location in Redondo Beach, renovating what was once a data center owned by Comerica Bank. In an effort to reduce its carbon foot print and energy bills, Wedgewood partnered with Xero Solar to install 625-kilowatts of solar using 1908 high-efficiency SunPower photovoltaic solar panels to capture the sun’s energy. It is the largest private solar installation in Redondo Beach.

Located in the company’s parking lot and roof, the system generates 1,023,000 kilowatt hours of energy per year, offsetting roughly 75% of the building’s load and saving Wedgewood an estimated $150,000 per year.

“Our solar power system will provide most of the electrical needs for the businesses in our building. Along with meeting the office needs, the system also powers 28 electric car charging stations, allowing employees to commute to work affordably and cleanly, not to mention a shaded place to park. In addition to all of this, two days a week we are pumping our excess electrical power back into the grid. It’s a classic win, win, win” said Greg Geiser, Founder, President & CEO of Wedgewood.

Ben Lochtenberg, Xero Solar’s Managing Director, added “The SunPower solar technology installed at this site will capture more energy over the long-term operation of the system than a conventional solar system. As a result, Wedgewood’s solar installation will generate savings as well as eliminate over 705 metric tons of carbon dioxide emissions per year or the equivalent of removing 149 gasoline driven passenger cars per year or planting 578 acres of US forests.”

About Wedgewood
Wedgewood is a leading acquirer of distressed residential real estate. Founded in 1985, Wedgewood has grown into a diversified, vertically integrated company, expanding its business footprint to include residential rehabilitation, non-performing loans, property management, private lending, brokerage, escrow, and more. The company has 250 employees and is headquartered in Redondo Beach, CA.

About Xero Solar
Xero Solar is a full service Solar Energy Company located in Manhattan Beach, CA helping residential, commercial and industrial customers convert to renewable energy while enhancing their financial returns. Xero Solar covers all aspects of the solar project from site assessment, engineering, design and installation, equipment purchasing to financing and completion of all of the interconnection agreements. With a core management team of NABCEP certified, C10 licensed individuals and in house professionally trained installation crews, Xero Solar has the power to produce the best solutions for their customers’ energy needs.

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If you would like more information about this topic, please contact Leslie Moody at 310-640-3070 or email at lmoody@wedgewood-inc.com.

wedgewood receives business of the year award

Wedgewood Receives 2015 Redondo Beach Business of the Year Award

Redondo Beach, CA, March 19, 2015 –Wedgewood, a leading acquirer of distressed residential real estate, was honored today with the 2015 Business of the Year award by the city of Redondo Beach.

“Being recognized by the city of Redondo Beach is a testament to our 250 employees who work hard every day to turn defaulted mortgages and housing stock into rehabilitated homes for families all across the US. We are proud of our work in rebuilding communities through HUD’s Neighborhood Stabilization Program.” said Greg Geiser, Founder, President & CEO of Wedgewood.

This inaugural award was given at the annual Redondo Beach State of the City meeting held at the Crowne Plaza Hotel and presented by the honorable Mayor Steve Aspel.

In Spring 2014, Wedgewood had the opportunity to consolidate its operations from multiple buildings in El Segundo to a single location in Redondo Beach. Wedgewood renovated what was once a data center owned and operated by Comerica Bank into its current headquarters and new tenant spaces.

Many of Wedgewood’s leadership team live in the South Bay. It was for that reason, along with easy access to public transportation, proximity to the freeway and airport, and the supportive business partnership provided by the city that made Wedgewood’s decision to locate its headquarters in Redondo Beach an easy one.

“Wedgewood has proven to be a great community partner in more ways than one”, said Mayor Aspel. “Not only do they run a successful business, but they also help build our community through Wedgewood Foundation’s charitable giving program, their university partnerships, their business incubator, and their on-site solar project which offsets 75% of the office’s energy needs.”

About Wedgewood
Wedgewood is a leading acquirer of distressed residential real estate. Founded in 1985, Wedgewood has grown into a diversified, vertically integrated company, expanding its business footprint to include residential rehabilitation, non-performing loans, property management, private lending, brokerage, escrow, and more. The company has 250 employees and occupies an 86,400 square foot, state-of-the-art headquarters in Redondo Beach, CA.

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If you would like more information about this topic, please contact Leslie Moody at 310-640-3070 or email at lmoody@wedgewood-inc.com.