This week's special section focuses on the commercial real estate market in San Diego County. Industry highlights, significant real estate deals of 2001, projections for 2002 and information about the San Diego Chapter of CCIM are included.
This is a special year for Sully-Jones Roofing Co., as it marks the firm's golden anniversary. Established in 1952, Sully-Jones has been providing quality roofing service to San Diego County for 50 years. Those five decades of continuous service to its customers is significant in an industry in which other roofing firms come and go almost overnight.
Common-area maintenance administration is often overlooked as one of the most significant aspects of retail property management. Incorrectly done, it can lead to lawsuits, and leaves the investor's money on the table in the form of higher receivables and missed collection opportunities.
Pacific Coast Foam has provided the exciting custom interior and exterior architectural shapes and accents for the new Mootime Creamery in La Jolla Village Square and the L'Opera restaurant in Irvine, according to Scott J. Buckley, vice president of sales and marketing for Pacific Coast Foam, San Diego's largest supplier and installer of expanded polystyrene foam architectural shapes and accents.
Pacific Building Group has completed construction of the new 9,540-square-foot Gambro Healthcare dialysis center at 238 OrangeFair Mall in Fullerton, according to Greg Rogers, president of Pacific Building Group, one of San Diego's leading full-service general contractors, tenant improvement specialists and facilities maintenance providers.
Timothy P. Meissner and Jerry H. Jacquet united to form Meissner Jacquet in 1992. After 10 years in business, the firm continues to offer every client a team of professionals including a principal in charge. Property managers and accountants work closely together on a daily basis to ensure that their clients receive individual, first-rate service.
Construction job site safety primarily is the responsibility of the general contractor. Yet, project sites are proving to be treacherous for other members of the project team, particularly construction managers, architects and engineers. Roughly one in every 10 liability claims against design professionals is related to safety on the job site.
BRE Commercial/NAI, one of San Diego's leading commercial real estate services companies and known for its entrepreneurial spirit and service to local and institutional clients, has expanded its client services to include the recently formed BRE Asset Management Services.
San Diego's strong biotechnology and life sciences business communities coupled with its diverse economy overall will sustain San Diego's real estate market in 2002. Although the high-tech industry has waned, San Diego's business resources, leading universities and quality of life will enable the commercial real estate market to prosper this year.
On Jan. 31, the 11th Annual CCIM Forecast Breakfast will be held at the Hilton Resort/San Diego on Mission Bay beginning at 7:30 a.m. Real Estate Forecast 2002 will feature the information affecting owners, operators and brokers of commercial and investment real estate. Each segment of the market will be addressed from a national, regional and local perspective with a focus on San Diego's strengths and potential weakness to emerging trends.
We're coming off the best of times and possibly headed to the worst of time. If you read national periodicals you understand that our previous four quarters were recessionary -- "the new recession" that will go down in history as the correction of the inflated Nasdaq and the fall of the technology revolution -- at least the first phase of the Internet or dot-com, dot-bomb debacle.
The nation's economy and the world's crises hit commercial real estate hard in 2001. At some firms, however, the effect of those forces was more to change the mix of its commercial real estate work than to change its volume.
A venture blending education with retail is in the planning stages for a vacant corner lot on the campus of Southwestern College in Chula Vista. Working with Vestar Development Co., Southwestern Community College District plans to build an upscale retail and dining center that also will include a new college bookstore, a cultural arts center and an outdoor performing arts plaza.
The CCIM Designation
When it comes to the El Cajon apartment market there is good news, bad news and more good news.
As an investment real estate broker for more than 30 years, I have helped many clients acquire, exchange or liquidate investment property. Real estate investment has long been recognized as a steady and reliable path to the accumulation of wealth.
Reviewing the stellar performance of the apartment market over the past five years, an investor might conclude that this economic expansion has been more robust than the expansion of the 1980s. After all, the median price per apartment unit roughly doubled from $32,500 in 1996 to $64,605 in 2001. However, judging these two up-cycles using other economic indicators -- specifically, employment growth and construction -- the recent expansion has underperformed the economy of the 1980s.
Finding suitable sites for retail development projects will become more difficult than ever for developers in 2002. The shortage of land available for new development in San Diego has led to the further densification of existing areas. Understandably, residents and property owners in these areas are concerned, and developers have found themselves working harder than they were five to 10 years ago to obtain community support.
The San Diego regional commercial real estate market is characterized by a state of relativity.
Despite a notable slowing in tenant demand in 2001, the San Diego County office and industrial-R&D markets are poised for a year of stability and even modest growth in 2002, according to a report released by Burnham Real Estate Services.
Read about projections for the coming year, industry leaders, lease negotiations, projects and more in the annual Commercial Real Estate Report.
Read about highlights, projections for the coming year and the top issues and concerns facing the industry in the Commercial Real Estate Report.
This annual special report covers the top issues and concerns facing today's commercial real estate industry, as well as projections for the coming year.
This annual special report covers current market conditions, new projects, industry highlights and projections for the coming year.
This annual report covers the latest in leasing negotiations, space availability, industry highlights, new projects, top issues and concerns facing today’s commercial real estate industry, as well as projections for the coming year.
This annual special report covers leasing news, commercial sales, industry highlights and new projects. This publication will be delivered to CCIM's Real Estate Investment Forum on Tuesday, Jan. 24, and the USD Burnham-Moores Center for Real Estate Conference on Tuesday, Jan. 31.
In this special section, The Daily Transcript partners with the San Diego CCIM Chapter to provide a comprehensive report on the county's commercial real estate market.