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Port of San Diego

Management review of port district leasing practices, including lease administration and lease rate.

 

The Port of San Diego was interested in confirming whether or not its ground lease rates, issues of highest and best use, deal terms, and operating polices were at par with “best practices” at other world port districts, particularly, at U.S. West Coast port facilities. A study was undertaken concerning regional market conditions, competitive conditions at other world ports, “best practices” at such other ports, and other related factors. Recommendations were prepared for consideration by the Port of San Diego, with regard to lease rate-setting and deal terms.

 

The Port of San Diego is a special government entity, created in 1963 by an act of the California legislature in order to manage San Diego Harbor, and administer the public lands along San Diego Bay.

 

South Bay Galleria

Acting as a real estate consultant, a market study with lease-up plan and financial projections was prepared, to evaluate the feasibility of renovation and expansion of this regional shopping center situated in the South Bay (Redondo Beach) area of Los Angeles County.  The mall reopened to the public in 1985 as the Galleria at South Bay, late changing to its current name.

 

Work included estimates of consumer shopping demand for stores at the center, and a competitive evaluation of planned and proposed supply of new retail space in the region.