Get Adobe Flash player
Archives

Posts Tagged ‘southern california commercial real estate’

San Diego commercial real estate

East West Commercial Real Estate
San Diego, California

East West Commercial Real Estate is pleased to announce George Flanigan as its new San Diego, California commercial real estate Broker Associate. With his vast experience and knowledge in commercial real estate, George will be a tremendous asset to the East West Commercial Real Estate team.

George P. Flanigan, MBA, is an experienced real estate investment professional and licensed real estate broker with the California Department of Real Estate. Mr. Flanigan has extensive background in finance, accounting, real estate valuation, investments, and business consulting. He has also developed professional business analysis in a variety of industries ranging from real estate, insurance, private equity, venture capital and renewable energy.

With over ten years of experience in real estate, finance, and consulting, Mr. Flanigan brings a diverse and unique set of talents and skills to the commercial real estate arena which serves to benefit clients in how their assets are marketed and serviced.

George also has a proven track record in the finance field. As a business development professional for a major multi-national financial institution, Mr. Flanigan successfully managed several high-value commercial transactions. With an MBA in Finance, Accounting, and Entrepreneurship, from University of Chicago Booth School of Business, his expertise extends beyond his hands-on experience with the unique ability to analyze how markets influence investment analysis, negotiations, and professional decision making. George offers this level of service and experience to those seeking commercial property investment transaction advice in Southern California.

 

 East West Commercial Real Estate

East West Commercial Real Estate is a full service commercial real estate services company providing brokerage, capital and commercial loans, and property management services for retail, shopping centers, office, industrial, apartments, medical office, self-storage, senior housing, and hospitality. East West Commercial has offices throughout Arizona,  California, Nevada, and New Mexico including, Phoenix, Tucson, Flagstaff, Los Angeles, San Francisco, San Diego, San Jose, Orange County, San Jose, Sacramento, Oakland, Walnut Creek, Las Vegas, Reno, and Albuquerque. For more information, contact George Flanigan at (702) 810-9668 or George.Flanigan@EastWestCommercial.com or http://www.EastWestCommercial.com.

 

East West Commercial Now Hiring Real Estate Salespersons

EAST WEST Commercial Real Estate is seeking licensed real estate salespersons for the San Diego, California marketplace. This role offers unlimited upside potential for a uniquely motivated candidate with the drive to create and operate his/her own business. Sales commission split is dependent on experience.

 

EAST WEST COMMERCIAL REAL ESTATE – BROKERAGE SERVICES
Represent buyers and sellers in the purchase and sale of commercial real estate investment properties (apartments, retail, office, industrial, manufactured home communities, senior housing, self-storage, mixed-use, special purpose).
Represent tenants and landlords in the lease of commercial space.
Commercial Broker Opinions of Value (BOV’s) / Commercial Broker Price Opinions (BPOs)
1031 exchanges, short sales, investment consultation, financial analysis, market research.

 

MINIMUM REQUIREMENTS
Licensed real estate salesperson or broker (active and in good standing), or in process.
Thorough understanding of commercial real estate fundamentals.
Demonstrate strong sales performance and experience.
Excellent communication skills and attention to detail.
Proficiency with Microsoft Office programs (specifically Excel) and Internet tools.
Ability to manage multiple priorities, demonstrate flexibility, prioritize client’s needs and objectives, and meet deadlines without exception.
Familiar with the market area.
Bachelor’s degree a plus (4-year college or equivalent).

 

ATTRIBUTES OF A SUCCESSFUL CANDIDATE
The successful candidate will exhibit the following characteristics: honesty, integrity, self-motivation, diligence, tenacity, and entrepreneurial leadership. This candidate will also have proven to be adept at contract negotiations, prospecting, market research, deal making, and transaction management.

 

Telephone interviews will be scheduled for the coming week, followed by select in-person interviews. Please submit resume via e-mail with experience, qualifications and career objective to Michael.Duhs@EastWestCommercial.com.

 

Share

Overall improvement in the private-sector job market and the tenuous single-family housing market will continue to prop up the southern California apartment sector through the year. Increased hiring in the professional and business services sector has supported stronger household formation growth. Gen Y will begin to move out of the nest as they become comfortable with the economic environment and feel secure with their job. This will contribute to household formation especially in the professional areas of Orange County, San Diego and Los Angeles. In Los Angeles, the number of households expanded 1.3 percent this last year, marking one of the highest rates since the late nineties. With single-family home prices on a steady decline since the fourth quarter of 2010, most of the new households will reside in multifamily properties. The growing trend to watch are the Baby Boomers beginning to shift toward retirement living from single family homes. This may bode well for some multi-family properties, but the majority of the growth will come in the senior living sector.

 

Low interest rates and strong buyer interest will motivate apartment owners to list assets in 2012, especially those who missed the strong run-up during the 2003-2007 period. This trend has already taken hold and there is a surge of 1031 exchange transactions occurring. Beach communities, as well as prime neighborhoods along the 405 and 5 corridors can offer investors returns anywhere in the high-4 to low-5 percent range. Value-add plays in more tertiary markets of the Inland Empire, north Orange County, portions of Los Angeles, and along the inland 78 corridor of San Diego and East County yield in the high-6 to low-7 percent area, depending on deferred maintenance. The hardest hit areas of the Inland Empire still maintain yields in the mid 7 to 9 percent range, due to the lingering unemployment rate and the single family housing inventory.

 

Operators will still find it difficult in some of the tertiary markets to fill units and raise rents above the rents of repositioned homes and the shadow inventory that still exists especially in portions of Inland Empire, Los Angeles county and north Orange County. Meanwhile, individuals who work in Los Angeles or Orange County are flocking to areas such as Corona, Ontario, Fontana, Chino and Corona in order to cut commutes but maintain affordable rents. The Riverside-San Bernardino market will continue to see increased activity as value-add investors and prudent buyers continue to snap up REO and distressed properties.

 

In San Diego the apartment market’s supply and demand ratio is leaning heavily toward the demand side of the equation, which is allowing owners to reduce concessions and raise rents. Effective rents will reach an all-time high in 2012 and the vacancy rate is still compressing toward 4-5% for well positioned properties in attractive markets and higher cap rates in the mid 6 to mid 7 percent range in East County and inland. These areas will attract new construction, so the risk is offset by higher yields. All in all, the investor pool exceeds the supply of for-sale properties, creating a competitive buying environment. More properties may come to market as investors see this as a good time to attract high prices for their properties.

 

Share