CT Realty Expands to San Diego Market

SAN DIEGO-Taking advantage of the strong local marketplace, longtime Orange County real estate company, CT Realty Corp., is opening an office in the area. The company has tapped San Diego industry vet Chris Eddy to run the local operations. “Basically, CT is looking to step up its presence in San Diego,” Eddy tells Globest.com. “We’ll also be increasing activity in the Imperial Valley and Inland Empire.”Speaking from the slopes, while on a ski trip to Deer Valley, Eddy says the initial plan is “to seize as many opportunities as possible.” The opportunities, he adds, are those with a strong value-added element to them. “If it’s not an opportunity to do something through construction or putting a map on a property or something of that nature, then it’s probably not our type of property. Our investors are looking for dynamic returns.” The deals CT Realty is looking for are in the $5-million to $75-million range, according to Eddy, and will include all product types. “Sometimes we’ll have projects that are marketing-based and other times, we’ll seek out opportunities that are construction-based. That’s what excites me, that CT has an entrepreneurial spirit and thinks outside the box.” A 10-year-old real estate and investment firm, CT Realty Corp. has completed more than 140 transactions totaling more than $2 billion. It deals include acquisitions, sales, development and redevelopment. The company also provides development equity financing through strategic partnerships with developers in the Southwest. According to Robert M. Campbell, president of CT Realty Campbell says Eddy was a good fit for the company to establish a stronger presence in the city. “We’ve maintained an active presence in the San Diego area over the past decade, but in order to really play the kind of role we want for the future, we know that having a local office is absolutely critical,” Campbell says. The other piece to the expansion was finding a local expert to run the operations. Eddy’s “real estate background spans a broad range of real estate investment, development and redevelopment activities over nearly 30 years as one of San Diego’s top brokers, and we are confident that [he] is the right fit for our organization,” says Campbell. Eddy was previously a vice president with Voit Commercial Brokerage in San Diego, where he specialized in office and industrial investment sales and leasing for eight years. Prior to Voit, Eddy served as vice president of the real estate division for Sunroad Enterprises in San Diego.