Pacific Realty Group led by our team leader, Robert Attyah, specializes in commercial and industrial real estate. With over 40 years of experience in Commercial Real Estate, Robert has built a reputation in the industry and a team around him to help you find exactly what you are looking for and negotiate the best possible deals.
The best office space, business, piece of land, and any other commercial or industrial property you're interested in, our team of experts are second to none when it comes to a top real estate team. We have seasoned professionals that Specialize in YOU. We specialize in YOU and all your real estate needs.
On our Investment side we can assist you with learning about opportunity zones, a variety of financing options for every situation, 1031 exchanges, rent forecasting and much more.
Old School Customer Service mixed with Advanced Real Estate Technology.
Pacific Realty Group specializes in YOU!
Robert Attyah has been a California Real Estate Broker since 1982. He has owned and sold property throughout 7 states including California , Oregon, Texas, Oklahoma,Tennessee, Alabama and Mississippi. He has been involved in all aspects of real estate including Residential, Commercial, Industrial, Property Development and Property Management.
Robert was born in Santa Monica, CA and grew up in Claremont where he graduated from Webb School of California. He attended Occidental College for two years then graduated from USC in 1979. Robert moved to Newport Beach in the early 1970’s. He first lived on the Newport Beach Peninsula, and has seen Newport change from a summer vacation destination to a year round place to live, with all this world famous city has to offer. He raised his family in Newport Hills (The Port Streets) and after he and Wife Dianne of 30 years became empty nesters they moved to Newport Coast where they currently reside.
Upon graduation Robert worked in industrial real estate before embarking on a profession of real estate development, property development and real estate brokerage. His career spanned over 7 states but now is focused on Southern California with Pacific Realty Group helping clients to enjoy all this coastal community has to offer.
Commercial real estate (CRE) is property that is used exclusively for business-related purposes or to provide a workspace rather than as a living space, which would instead constitute residential real estate. Most often, commercial real estate is leased to tenants to conduct income-generating activities. This broad category of real estate can include everything from a single storefront to a huge shopping center.
Commercial real estate includes several categories, such as retailers of all kinds—office space, hotels and resorts, strip malls, restaurants, and healthcare facilities.
Key Take Aways
Industrial real estate is crucial to supporting the global economy. These properties serve as essential venues for producing, storing, and distributing the goods and products the global economy needs. Thus, well-located, high-quality industrial real estate is key to keeping the global economy running smoothly.
Industrial real estate refers to properties used to develop, manufacture, or produce goods and products, as well as logistics real estate that supports the movement and storage of products and goods. These buildings aren’t as glamorous as other types of real estate such as glimmering skyscrapers, well-manicured multifamily communities, or crowd-drawing shopping centers. However, industrial real estate is vital because these properties are the workhorses of the industrial economy.
As the top prospect on our list, the Inland Empire is one of the most critical stops in America’s supply chain, according to David Nusbaum, senior market analyst at CoStar. “The area offers direct freeway and rail access to the twin ports of Los Angeles and Long Beach, which are the nation’s two largest import hubs by a wide margin.”
Los Angeles might be known as a favorite market among deep-pocketed institutional investors, but the city of angels also holds promise for the more entrepreneurial players as well.
“The city has an enormous stock of small industrial properties and has hosted by far the most industrial property trades under $20 million of any major market in the U.S. since 2019,” said Nusbaum
When many novice industrial tenants begin searching for a property to lease, they assume the most difficult part of the process will be finding potential spaces. In reality, though, the discovery and accumulation of options can often be the simplest part of the endeavor. In actuality, its deciding which of those alternatives will optimally support the future growth of the company that usually requires the most effort and consideration. It’s during this phase that the business stakeholders (likely in coordination with their tenant representatives) have to take a highly strategic approach in order to foster an outcome that meets both the short- and long-term objectives of the business.
One key factor in this process is a matter of perspective. While it’s natural to evaluate properties against each other, this usually isn’t the most effective methodology. Instead, each property should be considered relative to a set of ideal criteria that is specific to your business and its requirements. Utilizing this approach will not only will shift your own thought process, but will also reorient your communications with potential landlords.
When negotiating an industrial lease proposal, it is more important than ever to strike the appropriate balance between achieving terms that suit your company’s needs and being practical with regard to current market dynamics. With the explosive growth of e-commerce over the past decade, and its further acceleration during the pandemic, industrial properties have never been in greater demand. Tenants can no longer anticipate concessions such as four or five months of free rent and generous tenant improvement allowances. This is a landlord’s market, and it will likely remain that way for the foreseeable future.
But it is possible for tenants to even the proverbial playing field. Developing an understanding of the key terms and provisions that should be included in your industrial lease proposal will help secure your company’s ideal property or space and maintain the success of your business.
The pandemic often put landlords and tenants at odds, as an unprecedented onslaught of shutdowns had each party looking out for their own interests, searching for ways to compromise and, in the most basic sense, just trying to survive.
But as the retail market has recovered, both tenants and landlords have new considerations that are top of mind — from the best place to set up shop to protecting themselves in their next lease — and those that can navigate the market adeptly will be positioned to prosper.
To understand these trends and strategies, LoopNet spoke with Taj Adhav, CEO and co-founder of Leasecake, a lease management software platform, about where the retail market stands now; where it’s headed; and how tenants and landlords can create successful lease agreements that foster resiliency and growth for both parties.
If you’re a tenant looking to lease commercial real estate space, it may be hard to discern the difference between the various lease options offered by landlords. Knowing the types of leases available, and what each structure does or does not include in the quoted rent price, will help you budget for your next commercial space.
When evaluating a space for lease, it is also important to consider the difference between usable square feet and rentable square feet, which includes the “load factor” or “loss factor.” These terms refer to the shared areas in a multi-tenant building, like the lobby, hallways, restrooms, etc., that each tenant pays a pro-rata share for, and will be something you’ll have to factor into your budget and estimated costs.
As the number of vaccinated Americans continues to grow, workforces that have largely been operating remotely during the pandemic are beginning to contemplate a return to the physical office. Regardless of whether this labor reentry will be swift or staggered, office users — who largely punted major leasing decisions to 2021 — will now be more closely evaluating their next lease.
And office users aren’t alone. According to OpenTable, restaurants began experiencing sharply increased in-person dining as of mid-March, while in-person retail sales are also expected to climb as vaccinated Americans take tentative steps back into the brick-and-mortar world. With more than 29 million square feet of retail space across the United States vacated in 2020 — according to CoStar, publisher of LoopNet — this may seem like the ideal time to open that brew pub you’ve always dreamed of.
For a novice, and sometimes even for a relatively experienced investor, conducting due diligence on an office property can be an intimidating prospect. Office properties are akin to a three-dimensional puzzle where the pieces are constantly changing in size. Varying lease expiration dates; floors demised in radically different ways; one tenant looking to grow, another planning to contract, while a third plans to relocate — without a clarion approach, it can seem overwhelming.
But while the office due diligence process may require more strategic planning than other asset types, it’s still a highly manageable task — particularly if you have an expert to help guide you through the experience. That’s why LoopNet had an extensive conversation with Jack Brundige, chief of portfolio management with Waypoint Real Estate Investments. Brundige previously acted as our sage escort through the multifamily due diligence process. And while his present position is focused on that asset type, he spent much of his career working in the office sector, where he’s been involved in the acquisition of more than 24 million square feet of properties across the United States, totaling in excess of $12.5 billion.
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