Coreland, Carson Merge

A pair of Orange County-based commercial real estate service firms said Wednesday they have merged, forming a privately owned company with more than 140 employees and offices in 15 locations on the West Coast and in Texas. Financial terms were not disclosed.

The new firm, Tustin-based Coreland Carlson, was created by the merger of Carlson Co. of Costa Mesa and Coreland Pacific of Newport Beach. The merged firm will provide property, asset and construction management and leasing and investment sales services for clients. Its combined portfolio includes more than 13 million square feet of office, retail and industrial properties.

Former Coreland principals Pat Galentine and Chris Hite and former Carlson owner Paul E. Carlson will head the new firm.