5th Top Property Management Firm – Top Influentials List 2012
Our market expertise and experience has put our company in the Top Rankings! The San Diego Daily Transcript and The San Diego Business Journal have announced Pacific Coast Commercial as the #5 Top Ranked Property Management Firm in San Diego County with over 4,612,000 square feet under management.
How Can We Help You With Your Commercial Real Estate Needs?
”The Misson of Pacific Coast Commercial is to provide Professional and Superior Commercial Real Estate Sales, Management and Leasing Services throughout the County of San Diego.”
PCC Celebrating January Birthdays
Pacific Coast Commercial Celebrates Our January Birthdays Read more
Why should a Landlord hire a Property Management Company?
By: Angie Nunez, Property Manager
Once you have invested in a rental property, the responsibility of maintaining and running the commercial property can quickly become overwhelming. Many landlords manage properties on their own or with the help of a resident manager. Sometimes landlords need more help, and that’s when a property management company makes more sense. Property management companies can be a huge asset to your property. Carefully review the factors discussed below to determine if hiring a property management company is the right move for your property.
A Proficient Commercial Property Management Company Affords Many Advantages
Contrary to being a loathsome business for heartless money grubbers, land lording is actually a very noble, worthwhile commercial pursuit.
The commercial real estate industry advances many vital public interests in addition to private profit motives. Adequate supplies of decent, affordable housing fills a fundamental human need. Other societal benefits are lower crime rates, higher tax bases, and general improvement of local communities. Increased employment of commercial property management services, maintenance contractors, and commercial real estate sales professions are significant economic benefits that healthy housing markets bring to local areas.
Have you ever been robbed? The odds are increasing that you will.
By: Mack Langston, Multi-Family Sales
Cybercrime is a very real danger and everyone, including the commercial real estate industry, is faced with it on a daily basis.
On Thursday, January 5th 2012, at the 2012 Economic Trend event sponsored by the San Diego Business Journal, the representatives on the panel covered everything from health insurance to taxation. What stood out the most at this event was the topic of cybercrime which was presented to help raise awareness.
REITs Take Lead in Commercial Real Estate Transactions
REITs have taken the lead in commercial real estate transactions in 2011, according to a report from Deloitte LLP.
As the commercial real estate market continues its recovery, Bob O’Brien, vice chairman and real estate sector leader for Deloitte, said a bright spot has been the high level of transaction activity, primarily driven by REITs and distressed deals.
BUYING COMMERCIAL REAL ESTATE?…There’s No Better Time Than The Present!
By: Martin F. Alfaro, Associate VP/Sales & Leasing
Many clients ask me if I think we have reached rock bottom in commercial real estate and if they should wait to purchase a property.
My initial response is that my crystal ball broke back in the early 2000’s when prices reached an all-time high, capitalization rates got as low as 4%, and properties were selling by the dozens before hitting the market. We thought we had reached the zenith in pricing by 2004 only to see prices push upward towards the stratosphere in 2005 to mid-2006. Then, we all thought this escalation would continue for many years to come only to realize all good things must come to an end. Now, fast forward to 2011/2012 and prices have declined in all sectors of commercial real estate with geography being the most notable factor in whether a property sells or not.
Minimize Losses After A Commercial Real Estate Tenant Enters Chapter 11
You’re a commercial retail estate manager. One of your Tenants informs you that they are filing for Chapter 11 bankruptcy. What can you do?
First, don’t panic! As a commercial retail estate manager, you can help mitigate damages by becoming familiar with the process. First, start thinking about the market demand for the space; the current commercial retail estate market rent and how that compares to the lease rent; how the loss of the tenant could impact the owner’s obligations to the mortgagee; and the costs to replace the Tenant.
Recovering Rental Damage from Tenants
The termination of a rental with commercial real estate Tenants can be either a very smooth affair or a disruptive, costly one. Unfortunately, when commercial real estate Tenants damage property it may occur due to retribution for being evicted or having the rental terminated. Sometimes, due to feeling slighted, commercial real estate tenants opt to cause as much damage as possible to make the Landlord’s decision as expensive as possible. Other times when commercial real estate Tenants damage property, they just happen to be messy people, causing significant cost because of a lack of cleanliness.
PCC Celebrating December Birthdays
Pacific Coast Commercial Celebrates Our December Birthdays
