written by
Steve Gildred

Helpful Tips to Become a Skilled Networking Professional

When it comes to networking, commercial real estate is no different than any other industry; the better you take care of your network, the better your network takes care of you. While the brokerage side of the business may seem like an individual operation, you’re only as strong as your network and networking is a craft that requires patience and dedication to fully master. The following are just a few helpful tips and suggestions to help you become a premier networker in commercial real estate:

Play Your Cards Right

As a broker, you find yourself on the go often. Since you never know when you might stumble across your next client, it’s an absolute must to have your business card handy at all times. Just as important as handing out business cards, however, is taking them. A card given puts you on someone’s radar but a card taken gives you the power to initiate a relationship. To properly maximize your business card collection, it’s important to log every new entry into a database of contacts that can be tracked and monitored. Next, you must create a plan for when and how you intend to initiate contact. Last but not least, be mindful of timing; each new contact carries with it a limited window of opportunity, and business cards have a propensity to stack up on your desk if you’re not proactive with them.  

Invest in Your Network

The greatest gift you can give someone is your time and nobody is more keenly aware of this concept than a premier networker. Relationships are not born from the mere initiation of contact but by logging meaningful time and establishing a genuine connection. This may sound simple enough but it becomes infinitely more complex the larger your network grows. As a result, prioritizing relationships is critical as one only has so much time to offer and must be cautious about which relationships to allocate your time towards. The balance of maintaining old relationships while developing new ones is a careful song and dance that requires a strong sense of priorities and self-awareness. 

Establish Yourself in the Local Community

A great way to expand your professional network is by attending local networking organizations such as the Commercial Real Estate Alliance (CRA), Building Owners and Managers Association (BOMA), and National Association for Industrial and Office Parks (NAIOP). These organizations typically meet monthly and will provide you with exposure to other local professionals and business owners. In order to maximize your affiliations and create a consistent presence within these organizations, it’s important to attend as many networking events as possible. This is especially true of your initial years as a new member of the organization.

Have Fun

Whether you’re exchanging business cards, cultivating close relationships, or mingling at networking events, remember to always have fun with it. At its core, networking is designed to be a uniquely rewarding experience and should be taken as such. The more people you can plug into your network that you genuinely enjoy, the more satisfying your experience will become. At some point, networking will stop feeling like work altogether as it eventually becomes second nature. And that’s when the real fun begins because, in the famous words of Mark Twain, if you can “find a job you enjoy doing, you will never have to work a day in your life”

To discuss networking strategy in more detail or if you would like more information about Intersection, please reach out to Steve Gildred at [email protected]

Autumn Valencia is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please contact Autumn at [email protected] 

written by
Emily Bane

Intersection earned the AMO® (Accredited Management Organization) accreditation from IREM (Institute of Real Estate Management). Intersection joins an exclusive group of nearly 600 real estate management companies world-wide, and an exclusive list of 17 companies in San Diego that have met the requirements to earn this distinction. 

AMOs demonstrate strong financial performance, outstanding leadership, and adhere to a Code of Professional Ethics strictly enforced by IREM to maintain integrity beyond reproach. Accreditation as an AMO requires firms to follow best practices in real estate management, demonstrating that they meet standards and functions related to operations and service. Property owners can be assured that an AMO will put their interests first.

“We have always been very focused on the value that real estate management can create for our clients and investors,” said Mark Hoekstra, Managing Director and Partner with Intersection, “The AMO accreditation affirms our commitment to providing the highest level of service in concert with our key company driver, integrity.” 

“The AMO accreditation sets the standard in property management excellence for firms of all sizes. Our AMOs lead the industry in conduct and unmatched client service,” says Chip Watts, CPM®, CCIM, IREM President-Elect, and President of Watts Realty Co., Inc., AMO®. “We congratulate Intersection on this accomplishment, and welcome them into this exclusive group of property management firms.”

For more information about the recent accreditation, arrange an interview with Mark Hoekstra, Executive CPM®, at [email protected] or 619-819-6114.

From left to right: Mark Hoekstra, Rounak Mofty, Orquid Schon, and Bryan Calhoun attend the AMO Luncheon in January 2020.

Emily Bane is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. Contact Emily at 619-819-8725 or [email protected]

written by
Kyle Clark

Some refer it to the Midway District. Others say Sports Arena. Regardless of the name, this area is set for a transformation unlike any other submarket of San Diego County.

The district has developed over the past few decades as a hodgepodge of older industrial warehouses, strip malls, small office buildings, big box retailers, independent and chain restaurants, multi-family housing, strip clubs and adult bookstores. There is something for just about everyone here yet not a lot of character and it’s not a place for families to hang out after dark. The major draw is our aging Sports Arena, yet except for hitting the Red Lobster or Chili’s before a show, you are best to go straight home afterwards. With the newly approved Midway-Pacific Highway Community Plan, the current redevelopment of the former post office and the proposed redevelopment of the SPAWAR facility, there is tremendous potential for this somewhat blighted submarket to blossom over the next 10-15 years.  Let’s look at each of these three components.

Midway-Pacific Highway Community Plan. Last September, the City Council unanimously approved this document, which looks to upgrade the area of approximately 800 acres between the San Diego River, I-5, Liberty Station and the Airport.  The plan aims to increase housing capacity in the area from 5,040 to at least 11,585 units, and plans include a multi-use path from Mission Bay to San Diego Bay, 30 acres of new parks and improvements to the area surrounding the Sports Arena.

Infrastructure improvements associated with this plan include new streets bisecting the Sports Arena site linking Kurtz Street to Sports Arena Blvd. and Midway Dr. plus millions of dollars dedicated to traffic improvements at 20 intersections and 17 road segments.  Linear parks with walkways and bike paths are envisioned adjacent to Pacific Highway and Sports Arena Blvd. stretching from the MCRD/Airport to the San Diego River.

The goal is that with the investments in the plan by the City, private development will follow to provide upgraded retail, office and multi-family residential over the coming years. One key component of this new investment will be the eventual redevelopment of the existing Sports Arena into a mixed-use residential, commercial and entertainment-oriented community village.

Details of the plan can be found at https://www.sandiego.gov/planning/community/profiles/midwaypacifichwy/plan

This is not the first time ambitious ideas have been floated by City officials for this area.  When Byron Wear was councilman for District 2, he was proposing an improvement vision that encouraged more circulation and a link from San Diego Bay to Mission Bay by way of a canal for small boats.   Things take time and he termed out of office. His replacement, Michael Zucchet scrapped those ideas to develop his own plan.  His term was cut short and nothing has transpired since then…. until this newly-adopted plan.

One thing the City HAS done is to keep all leases on the Sports Arena site and other City-owned properties that surround the arena either on a very short-term or month-to-month or, if longer, inserting clauses to terminate for redevelopment. This will ensure that when something does materialize, the City can deliver the real estate. This tactic does have a downside, as without longer lease terms, owners and businesses are reluctant to invest in the properties.   We have seen this with the deterioration and subsequent demolition of the Black Angus restaurant and the languishing strip retail center behind it, the closure of Pier 1 and the continued use of the property next to Pier 1 as a Salvation Army thrift shop.

This will take a lot of effort from the City Council to see it through and Lord knows how much time this will take.   Past efforts have been less than productive, however there does seem to be some momentum with the newly adopted plan and hopefully the citizens won’t stand for letting the City’s properties languish further than they already have. I am optimistic that something will eventually occur here, and we will see some major improvements in the next 10 years.

The Post. Hammer Development is proceeding with their redevelopment of the former post office on Midway Dr. Current plans for this state-of-the-art campus consist of 230,000 square feet of office and restaurant space within the existing 2-story building, featuring a sky-atrium in the center of the structure.

Unlike the City’s plans above, this project is set to get underway very soon. Construction is set to begin this summer with completion expected in late 2020.  No tenant has been signed yet.

More information on The Post can be found at http://www.postcoastal.com/

SPAWAR. Last September, the US Navy hosted an informational meeting regarding their desire to solicit proposals for the redevelopment of the existing SPAWAR facilities between I-5 and Midway Drive. This site consists of approximately 70.5 acres.  The Navy’s desire is to enter an agreement with a developer to either incorporate the SPAWAR facilities into a new, more efficient development or trade the land for another acceptable site and facility for SPAWAR in a different location.  Due to the relative lack of available land in the Navy’s target areas, my expectation is that any new development will incorporate a more efficient SPAWAR facility in a portion of a new, multi-use development of the land.

A shining example of this approach is the Pacific Gateway project currently under construction Downtown by Doug Manchester and Perry Dealy.  At Pacific Gateway, the developers swapped the land for a new 17-Story, 372,000 square foot office building to house the Navy’s 7th Fleet headquarters.   In addition to that structure, the 12-acre site will be improved with just over 2.5 million square feet of hotel, office and retail space.  This is a win-win-win for the navy, the developers and the community as this development will replace a blighted waterfront landscape and transform our skyline south of Broadway.

Since the SPAWAR land is federally-owned, there may be no restrictions as to the zoning or height of the proposed buildings, so really, the sky’s the limit on what can be constructed.

One additional component to this proposed development is the City’s vision for a Grand Central Station within the project to link the Midway/Sports Arena area with train, trolley, and bus access to the Airport and all other areas of San Diego.

The due date for proposals has yet to be set. Currently, the Navy is soliciting questions from interested parties and posting their responses at https://www.neco.navy.mil/upload/N62473/N6247318RP2110001NBPL_OTC_RFI_QA_20182112_FBO_NECO.pdf

Lawsuits and delays pushed back the Pacific Gateway ten years before they could break ground on construction. I would expect that the SPAWAR project will take at least that long, given the various agencies involved plus the sheer scope of the project. Add a few years to choose a development partner, design the proposed project and then add another couple of years for construction and this is a project that is 15+ years away. Hopefully by then, the City will have the Sports Arena sorted out, the Post will have been operating for over a decade and other infill development between all three components will have occurred. Come 2035, The Midway District (or whatever it is called then) could be a new, thriving attraction within the San Diego market as opposed to what we see there today.

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