2012 Oceanside Business Expo | Hispanic Business Showcase
April 19, 2012 – Pacific Coast Commercial attended the Hispanic Business Showcase in Oceanside, CA.
Choosing the Right Team To Assist You With San Diego Property Management
When you make the decision to obtain the assistance of a San Diego property management team, you will also have to make sure that you pick the right professionals for the job.
While many San Diego property management companies are able to fulfill their duties, it is important that you find the one that will focus on your needs as an investor and pay special attention to what you want from them.
At the end of the day, the success of your financial portfolio is going to lie in the hands of these professionals, which means that you will have to make sure you are ready to put your trust in them. Read more
Commercial Real Estate Serves as Investment Foundation
Purchasing San Diego commercial real estate for sale may provide refuge for educated investors looking for shelter in the midst of economic instability, according to Expectations & Market Realities in Real Estate 2012: New Foundations in an Uncertain World, a report published jointly by Real Estate Research Corp., Deloitte, and the National Association of Realtors.
Capital continues to flow in search of San Diego real estate investment opportunities, and it’s not expected to subside anytime soon.
IREM Key Award Winner – Cheri Wallace
April 12, 2012 – Cheri Wallace was awarded the IREM Key Award for her outstanding leadership as chair of IREM’s restart program.
IREM issues this award to individuals that have gone above and beyond in their service to the organization.
“Don’t Let Virtual Communication put an end to Face to Face Interaction”
By: Tommas Golia, Sales & Leasing Associate
The increasing use of virtual communication has had an incredible effect on commercial real estate in San Diego. Email, texting, and social media have created new spheres for commercial real estate brokers to communicate with each other and their clients. It has had a significant impact on the speed at which information can be obtained—both in marketing and relationship building. However, the importance of face-to-face interaction has never been more important.
The Allure of Apartments
Apartment fundamentals, including San Diego commercial real estate leasing, have improved significantly and are outpacing the recovery of other property types. After peaking at 8.0 percent in the first quarter of 2010, the national apartment vacancy rate declined 240 basis points to 5.6 percent as of the third quarter of 2011, according to Reis.
In addition to positive net absorption, an improving job market and favorable demographics have supported a sharp rise in apartment rents. Reis reported that effective rents increased by 2.3 percent in 2010, and we expect rent growth to accelerate through 2013 as demand remains strong and construction remains below its historical long-term average.
SOUTH BAY | A GLIMPSE TO THE SOUTH, A VISION TO THE NEAR FUTURE…
By: Icela Wittkopp, Sales & Leasing Associate
South Bay Retail (Economic) Activity:
Anchor Retailers Counts and Malls Development: Companies like Walmart, Target, Costco and Home Depot have decided to invest in multiple locations in the South Bay within less than a 10-mile radius, which could prove to be a boom for San Diego commercial real estate leasing.
Read more
Property Management Companies
For property owners, San Diego commercial property management companies may be a dream come true. Real estate property management companies will add value to the property by ensuring maintenance and upkeep are performed in a timely manner and by overseeing the general condition of and activities related to the property.
In addition, property management companies will list and show the property to prospective tenants, perform pre-rental background checks and reference verifications, and manage tenant relations. For the busy property owner, a property management company will lift the burden of owning and managing rental property, and will make sure that the chosen tenants pay rent. Property management companies will ensure that tenants or others do not damage the property owner’s investment, and will work to increase revenue generated by the property.
Cheri Wallace has been selected as a 2012 Tribute to Women & Industry (TWIN) honoree!
Pacific Coast Commercial’s very own Cheri Wallace, Property Manager/Sales & Leasing, has been selected as a 2012 Tribute to Women & Industry (TWIN) honoree!
Cheri’s will be acknowledged for her dedicated work with the ReStart Program, which was created by real estate management professionals who are using education, training, and networking to train disadvantaged single parents for a new start in life through real estate. This is a teaching program that would allow these parents to train and intern as apartment managers, thus providing them with free or low-cost housing and a career.
Ms. Wallace and ReStart will be recognized at the 2012 YWCA In the Company of Women luncheon on Monday, April 16.
Report Finds Optimism About Commercial Real Estate
As markets for San Diego real estate and office and industrial space improve, California commercial real estate developers and their bankers are growing hopeful, the Allen Matkins UCLA Anderson Forecast finds.
California commercial real estate developers and their bankers are growing optimistic about their industry’s prospects, a report said.
