Kobierowski: “Synergistically, San Diego is the right place to be.”
SAN DIEGO—Synergies between San Diego and the Arizona markets in terms of cap rates and apartment-building size make San Diego the logical place for ABI Multifamily to expand its services, the firm's senior managing partner John Kobierowski and director of research Tom Brophy tell GlobeSt.com. As we recently reported, the Arizona-based multifamily brokerage and advisory firm is expanding with the opening of its San Diego office. We spoke exclusively with the two executives about why the firm is making this move and other markets it is considering for expansion.
GlobeSt.com: Why did you choose San Diego as a region in which to expand?
Kobierowski: We're a very functional company, and we want to be in markets that create synergies between our brokers forever. Similar to Phoenix and Tucson, San Diego is a market where there have been lower cap rates and smaller buildings, so it's an easier jump to go to San Diego than other markets—which we'll eventually go to, but synergistically, San Diego is the right place to be.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
