MISSION CREEK

9420 – 9440 Cuyamaca Street

Santee

63,987 square feet, Retail

Meissner Jacquét assumed management of the 63,987 square foot neighborhood center owned by CNA Enterprises, Inc., a real estate investment and advisory firm headquartered in Los Angeles. This large institutional owner maintains the multi-tenant retail storefront located in the Santee submarket as their only retail project in San Diego due to its moderate to significant appreciation potential. After interviewing various local commercial property management firms, Meissner Jacquét won the contract due to their experience managing grocery-anchored shopping centers located throughout San Diego County. Meissner Jacquét provides day-to-day property management operations to this historically well-leased retail center with long tenancy terms.

METROWORK

1350 Columbia Street

Downtown

68,516 square feet, Office Condo

In April, Meissner Jacquét Commercial Real Estate Services takes over management of MetroWork Condominium Association, AKA 1337 India Street, to provide commercial association management to the 35-tenant, 68,516 square foot, Class B, office loft/creative space condominium building built in 2007. This 9-story high-rise is 96% leased and located in the highly sought-after Downtown submarket of San Diego with excellent walkability and access to transit. Meissner Jacquét will assist the Associations’ Board of Directors in the resolution of several construction defects that are pending in the project, in addition to providing association management services that include Board communication, vendor contract services, review of Governing Documents, executing the Board-approved annual operating budget, conducting Board meetings, and providing prompt accounting functions and financial reporting.

Aero

9797 Aero Drive

Kearny Mesa

92,463 square feet, Office

This previously outdated, single-tenant office space underwent a renovation that redesigned the building into a multi-tenant, creative office use. Ownership, AVID Center, sought Meissner Jacquét Commercial Real Estate Services to provide the commercial property management due to their local expertise with owner-occupied assets. Meissner Jacquét functions as the intermediary between AVID and the tenants in order to maintain high occupancy levels and hold the property to Class-A standards so ownership can focus on their core business.

Trepte Industrial Park

7606 – 7776 Trade Street

Mira Mesa/Miramar

233,731 square feet, Industrial

Trepte Industrial Park, LTD, ownership of this historically well-leased, multi-tenant, 4-star, industrial warehouse, decided to outsource the commercial property management to Meissner Jacquét Commercial Real Estate Services due to ownership’s out-of-state location and Meissner Jacquét’s ability to provide a local, advisory role to ownership regarding the asset. Commercial real estate management operations include preventative maintenance of the 233,731 square foot industrial park and maintaining superior tenant satisfaction.

National: CRE Investment Activity to Rise This Year

There is good news for commercial real estate investors this year, investment activity is expected to rebound. According to JLL, their analysis projects global investment volumes will rise to $700B in 2017, up $50B from 2016’s levels. Large institutional allocations into commercial real estate support the prediction, with many firms focusing on real estate as they hunt for higher-yield investments. That coupled with potential regulatory changes, including the Dodd-Frank Act and its CMBS risk retention requirements, will help out the market. Read more…

Industrial: Industrial Real Estate Demand Set to Slow in 2017

After a long period of expansion due to demand outpacing supply – in Q3 2016 the sector hit its 26th consecutive quarter of record net occupancy gains – and investors favoring the sector causing record levels of acquisition spending and low cap rates, it is inevitable that demand will plateau. 2017 may still see rising rents and supply-demand imbalance that will lead to shrinking vacancies, but the magnitude will get a bit smaller. However, e-commerce and the idea that users need to be as close to the customer as possible will continue to drive industrial real estate. Read more…

Web
Web

Retail: Online Shopping Reinvents Traditional Brick-and-Mortar Landscape

Without a strong online presence to engage customers, is the traditional brick-and-mortar retailer set for extinction? While it may seem this way with the advent of online shopping, the landscape has evolved with online retailers opening physical stores, coined clicks-to-bricks. Studies show that the strongest retailers are omnichannel, they span physical, mobile and social platforms.  Growth in rental values and drop in vacancies will continue to be concentrated in markets where employment is growing and where there is a focus on experiential retail and adaptive reuse. Read more…

Office: Signs Point towards Creative Office Trend Reaching Saturation

Creative office, including shared offices and co-working, are the hot trend now in major markets but there is concern about shared office saturation. Shared office giants such as WeWork and MakeOffices are solving solve short-term office requirements and leading a big-box, co-working mania by absorbing astounding footprints across the country. Due to shared offices being a relatively new product class and the uncertainty regarding their long-term viability, there is a possibility for the co-working model to shift to local companies controlling smaller footprints. Read more…

5 Alpine Resorts to Add to Your Bucket List

As winter weather starts to blow in, it stirs the desire to plan an escape to snow-capped mountains. If a luxurious winter getaway is in on your mind, be sure to check out five new and improved classy, alpine-themed resorts that offer high-end accommodations.

Hotel Barriere Les Neiges Image

Hotel Barriere Les Neiges

Nestled in Courchevel, France and characterized by elegance, this contemporary hotel features 42 luxury rooms and suites with white marble, silky fabrics and in-room fireplaces. With the ease of direct access to the slopes, a spa, pool, private cinema room, and dining onsite, this luxurious hotel will run you $1,200/night.

Suvretta HouseSuvretta House Image

For the most modern, 5-star accommodation – and the only ski-in, ski-out option in St. Moritz, Switzerland – this hotel is surrounded by natural park landscape and provides its guests with access to its new Tesla house car. The 105-year-old hotel offers traditional rituals like “five o’clock tea” with a suggested dress code for gentlemen in the evenings. Boasting 181 rooms and suites (only half will be renovated this season) starting at $290/night.

The Blake ImageThe Blake

This 80-room hotel in Taos, New Mexico is part of a long-awaited $300 million base-area revitalization. The hotel’s influences are reminiscent of the tapestry of Taos – elemental, cultural, and sustainable. Opening in February, with lifts adjacent to the alpine guesthouse, well-appointed rooms start at $249/night.

HUUS HotelHUUS Hotel Image

If you’re looking for an authentic, comfortable, Alpine-style chalet, look no further than this new 131-room hotel located in Gstaad, Switzerland. Nestled in the Bernese Alps and just a mere two miles from the Schonried and Gstaad lifts which boast the best ski terrain in the world. Rooms start at a modest $152/night, which leaves you feeling fresh to explore the more than 150 miles of slopes and trails right from the hotel.

Hotel Talisa ImageHotel Talisa

Coming off a rebranding – previously the Vail Cascade Resort – this relaxing yet refined 285-room, alpine-inspired hotel offers unparalleled mountain experiences with on-site access to the Cascade chairlift. Located at the base of Vail Mountain, there are plenty of soaring evergreens and aspen to explore. Accommodations coming soon.

Sources:

BISNOW, Winter is Coming: Here are 5 Cool New and Improved Ski Resorts from around the World

A Year in Review: Meissner Jacquét Brings in Half a Million Square Feet

Even though commercial real estate trends in 2016 were disappointing according to chief economists – with the overall expansion since the recession being only two-thirds as robust as in previous recoveries – Meissner Jacquét’s business boomed with close to 500,000 total square feet in new property management accounts and ancillary corporate real estate services, including accounting-only contracts.

Office – 400,353 total new square feet under management in 2016
MJ December 2016 Newsletter - Case Study - Plaza at Eastlake Image_12-9-16 Plaza at Eastlake
2300 Boswell Road
Chula Vista
130,324 square feet, Office
MJ December 2016 Newsletter - Case Study - Pacific Corporate Center Image_12-9-16 Pacific Corporate Center
10120 Pacific Heights Blvd
Sorrento Mesa
52,540 square feet, Office
MJ December 2016 Newsletter - Case Study - 9640 Granite Ridge Image_12-9-16
Stonecrest Office Project
9640 Granite Ridge Drive
Kearny Mesa
40,000 square feet, Office
MJ December 2016 Newsletter - Case Study - 610 W Ash Image_12-9-16 610 W. Ash
610 West Ash Street
Downtown San Diego
177,489 square feet, Office
MJ December 2016 Newsletter - Case Study - 4995 Murphy Canyon Road Image_12-9-16 Genesis Plaza
4995 Murphy Canyon Road
Kearny Mesa
57,685 square feet, Office
Industrial – 41,034 total new square feet under management in 2016
MJ December 2016 Newsletter - Case Study - 10140 Mesa Rim Road Image_12-9-16 10140 Mesa Rim Road
10140 Mesa Rim Road
Sorrento Mesa
41,034 Total Square Feet, Industrial
Retail – 57,414 total new square feet under management in 2016
MJ December 2016 Newsletter - Case Study - Carlsbad Paseo Image_12-9-16 Paseo Carlsbad Retail Center
850 & 890 Palomar Airport Road
Carlsbad
26,629 total square feet, Retail
MJ December 2016 Newsletter - Case Study - University Avenue Image_12-9-16 Foley Uptown Retail Center
1202-1236 University Avenue
Hillcrest
30,785 total square feet, Retail
Accounting-Only Contracts
MJ December 2016 Newsletter - Case Study - North Coast Business Park Image_12-9-16 North Coast Business Park & Association
511, 519, 523, 527, 531, 535, 539 & 543 Encinitas Blvd.
North Beach Cities
181,755 total square feet, Office

 

About Meissner Jacquét

Founded in 1992, Meissner Jacquét Commercial Real Estate Services has the knowledge and experience to provide commercial real estate solutions to office properties, retail centers, industrial parks, and commercial owner associations for institutional and privately-held investors, whether they be local, regional, or national. For more information, please contact Brent Williams at 858-373-1113 or brentw@mjcres.com, or visit mjcres.com.

Sources:

Meissner Jacquét Commercial Real Estate Services