Industry Insights

While there may be differing opinions regarding where in the cycle the hospitality market is, hotel development experts agree that San Diego’s tourism0driven economy is still a hot bed for hotel development.

Stay in tune with the hospitality developments happening here in San Diego with this panel discussion recap: Hotel And Tourism Gurus Discuss Why San Diego Is A Hot Market For Hotel Development

Building Careers also works with a handful of local hospitality investors and developers. If you are looking to grow your career in the hospitality sourcing and acquisitions side of the business, contact us!

As a CREW (Commercial Real Estate Women) member for nearly 10 years, I found some of the data in the CREW 2015 Benchmark Study startling. Take note of the highlights below:

Women in #CRE are more satisfied with career success and closer to the C-Suite than ever.

More women fill SVP, managing director and partner positions in CRE than ever.

An ‘aspiration gap’ exists between men and women in #CRE: 28% of women aspire to the C-suite vs. 40% of men; 47% of women aspire to the senior vice president, managing director or partner levels.

The #CRE industry median annual compensation is $115,000 for women and $150,000 for men – an average income gap of 23.3%.

Women in #CRE view relationships with internal senior executives as the #1 factor supporting their future advancement. How does mentoring in your organization stack up?

While women in #CRE continue to strive for parity, industry leaders must take action to implement change.

Thanks CREW! View the full study and takeaways here:

Take a look at the magnitude of Commercial Real Estate Development’s Economic Contribution.

CRE Development:

Contributes $528 billion to GDP. Creates and supports 3.9 million jobs. Yields $168 billion in wages and salaries.

Proud to be a part of this economic powerhouse!

See a the copmlete article and video here: Commercial Real Estate Development and its Contribution to the Economy

Originally published by NAIOP in Economic Impacts of Commercial Real Estate, 2015 Edition on March 07, 2016

San Diego is becoming more respected on the international stage as companies like Bosa Development are changing the downtown San Diego skyline with iconic buildings such as Pacific Gate. The city is looking forward to the major developments coming to the city in the near future, which will bring jobs and continued prosperity to this thriving city.

Read the full article on this pioneering building design here: How Pacific Gate Will Reshape Downtown San Diego’s Skyline

Originally published on GlobeSt.com on March 8, 2016 by Carrie Rossenfeld .author-meta

“The 2016 Winter/Spring Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey signals continued confidence among developers through 2018–indicating both the probability of new supply and of opportunities for new investment. The biannual survey projects a three-year-ahead outlook for California’s commercial real estate industry and forecasts potential opportunities and challenges affecting office, multi-family, retail and industrial sectors.”

The Survey, taken by California’s commercial real estate industry leaders in December 2015, indicates a favorable commercial construction outlook. “The favorable outlook is supported by job and income growth on the demand side and a lack of sufficient building on the supply side.” The results of the surveyed panelists signal a continuation of the growth of non-residential construction at or above previous peak levels.

Survey higlights include:

• Office Development Sentiment Positive with Southern California in Spotlight
• Ecommerce Has Unlikely Impact on Retail Development
• Multi-family Construction to Hit 25-year High
• Industrial Sector Grounded by Strong Fundamentals

View the full survey here: http://www.allenmatkins.com/ucla

Published on January 27, 2016

High-profile commercial real estate projects scheduled to open for business in 2016 include mixed-use and residential skyscrapers in China, India and South Korea as well as Apple’s futuristic “spaceship” campus in Cupertino, California. These projects and more are featured in the JLL “Real Views” infographic below.

See the eight most notable 2016 deliveries below:

• Agora Garden, Taiwan
• World One Tower, India
• Lotte World Tower, South Korea
• Hotel Cresent, Azerbaijan
• CTF Finance Centre, China
• Dawang Mountain Resort, China
• Ping an International Finance Centre, China
• Apple Headquarters, U.S.

Take a look at the high-profile projects which are set to become new landmarks for their cities in 2016.

Eight of the Biggest, Boldest Buildings Opening in 2016

Originally published in NAIOP Source on January 12, 2016.

Downtown San Diego currently has 63 real estate projects underway that are expected to be completed within the next four years. Ultimately, this will mean more jobs, residents, and excitement in the downtown market. In the meantime many of the investors, developers, operators, and contractors involved in these developments are hiring

Take a look at these exciting career opportunities and become a part of these growing companies today.

Read the full article here: Projects in Downtown San Diego’s Pipeline Valued at $6.4B

Originally published in Bisnow by Patricia Kirk on January 6, 2016.

The 3M SF Navy Broadway Complex redevelopment will dramatically change San Diego’s marina landscape, with an anticipated delivery date in 2019. It is exciting to be in a city that is growing to the point where the city can absorb such a significant redevelopment.

This approval will bring a significant amount of jobs to the region, not just in the next few years while the project is underway, but in the commercial office and retail space that is produced. Keep your eye on San Diego as America’s Finest City continues to grow.

Read more about it here: Civic San Diego Approves the Navy Broadway Redevelopment

Originally published by Lou Hirsh in the San Diego Business Journal on December 11, 2015.

Interesting insight into the US’s economic future at NAIOP San Diego’s economic breakfast. Knowing what may be coming down the pike in a few years can help you make smarter business decisions now. Get the right people in place now to carry your company into the future.

Dr. Alan Beaulieu warns of a slight recession in 2019 and a larger depression 15 years from now. However, his message was not all gloom and doom. He highlighted all of the opportunities there are to prosper in down economies if you keep your eyes out for arbitrage situations and position yourself and your company accordingly. Read the summary of Dr. Alan Beaulieu’s presentation here: Economic Forecast.

Originally published by Carrie Rossenfeld in Globe Street on November 24, 2015.

Industry experts have opinions across the board on where the industry is and where is it going. The facts are that the commercial real estate market is hot and companies are scrambling to get a piece of it. The market is conducive to development, value-add, and really creating communities through their investments. Companies are capitalizing on this revitalization through diversification and smart asset management.

From a recruiter’s perspective, talent is getting swooped up left and right as companies continue to grow. Right now is a very exciting time to be involved in the industry.

Check out some future predictions from former NFL star turned real estate investor, Emmitt Smith. https://lnkd.in/by8F8Rn

Originally published in GlobeSt.com by John Salustri on October 15, 2015