From SoCal Real Estate’s December 2018 issue:
As I write this, Q4 is still ahead of us, but we’ll be in the thick of it by the time you read this. Creating each monthly issue of SoCal Real Estate is a lot like the commercial real estate business: looking as far ahead as we can as early as we can to be prepared for what’s to come.
And apparently, what’s to come is a lot more large deals and portfolio transactions, according to CBRE’s Val Achtemeier, who told us a lot about investor strategy this year and in 2019 in “Honing Their Craft.” Investors are becoming more sophisticated in the art of the deal than ever before in this highly competitive, low-yield market that’s on just about everyone’s wish list.
You can also expect to see Amazon.com expanding more into the food/grocery-delivery mode in the next year as the retail giant looks to gain even more market share, which will increase its industrial presence in SoCal, CapRock Partners’ Jon Pharris tells us in “Amazon’s Next Chapter.” CapRock is no stranger to the industrial and logistics sector, participating in several large-scale transactions and preparing to build even more major projects here.
Wondering what’s next for Downtown San Diego? Think tech, says Emmes’s Mark Kuske, who believes this region could be the next tech market to rival San Francisco. The office owner is making big strides in that market and others in SoCal, upgrading its properties to appeal to millennials and provide cutting-edge amenities. Find out more in “The Dark Horse of Tech.”
This month, we also bring you several departments and a feature that focus on the engineering and environmental sectors of our industry. Check out our Guest Column from C.W. Driver Companies’ Andy Feth on zero net energy and the future of sustainable construction; a Roundtable column that discusses the top engineering concerns of today’s builders; a Personalities column on Newman Garrison + Partners’ Kevin Newman on how design and sustainability are integrally related in commercial real estate; our Policy Page by Allen Matkins’ Heather Riley updating us on CEQA reform; and a feature on construction costs from the environmental perspective, based on interviews with executives from AEI Consultants and Partner Engineering & Science.
As you close out the year, don’t neglect to take stock of all you have accomplished in 2018. We wish you a very prosperous 2019!
Carrie Rossenfeld, Editor