San Diego

The office and industrial markets surged in the second half of 2017 with prices for all commercial properties reaching a post-recession high.

Patrick Walker was recently named president of Lee &amp; Associates-San Diego North's office and takes a minute to <b>EXCLUSIVELY</b> chat with GlobeSt.com about what exactly his plans are.

Stable cash flow and strong tenant demand has made the medical office the favored asset class for institutional capital in San Diego.

Most reports peg total investment sales in this category to be in the $8-billion to $9-billion range, which would make 2017 the second-largest volume in industry history, behind the $10-billion-plus in 2016, Pierce's Fred Pierce tells GlobeSt.com.

Glenn Martin, who has joined The Heritage Group as portfolio manager to oversee the San Diego market, says industrial and biotech are in high demand while retail assets are seeing some challenges.

The SoCal chapter's recent trip to Washington DC included meeting with elected officials to discuss priority issues for the commercial real estate industry in California, with creating an effective goods movement system topping the list.

Chesnut Properties' Millennia Office is a three campus 1.4 million-square-foot development in the San Diego, and the only project of its kind in the market.

While this is a shrinking trend, players with mature brick-and-mortar and e-commerce platforms are remaining and thriving in the market, CBRE's Reg Kobzi tells GlobeSt.com.