Commercial Cap to Buy RE Intermediary

Commercial Capital Bancorp Inc., Irvine, Calif., and Lawyers Asset Management Inc., an Oakland, Calif.-based "qualified intermediary" that facilitates tax-deferred real estate exchanges, have announced that Commercial Capital will acquire LAMI in an all-stock transaction valued at $8 million.LAMI facilitates exchange transactions chiefly in Northern California and provides services nationwide for unique transactions involving hotels and business assets. LAMI will operate as a subsidiary of Commercial Capital under the Lawyers Asset Management brand name, the companies said. Lloyd W. Kendall Jr. will continue as president of LAMI, and James G. Beck will serve as executive vice president and chief operating officer. The bank, based in Irvine, Calif., can be found online at http://www.commercialcapital.com/, and LAMI, based in Oakland, Calif., can be found at http://www.lawyersasset.com.