New Tenant at Old Town Plaza

You may have seen a new crew populating the hallways and garage of Old Town Plaza. They are a friendly group with big grins plastered on their faces and peals of laughter floating after them. Normally dressed in jeans and tees, flip-flops or tennis shoes, this casually dressed team is anything but casual when it comes to internet marketing. Specializing in Internet Marketing Business Opportunities and the more traditional business to business marketing, You Everywhere Now, LLC. has become the mantra for all who have played a role in the success of this business.

When recently asked Why the company does what it does, Mars Allen Burden, the main pack leader responded, "We do what we do to remove obstacles that hinder us from building relationships."

Specifically, the group in A-186 are innovators of online products that help individuals and businesses make money. Whether it's to increase visibility and generate leads on the web through videos, which they shoot and edit in house, or to help thousands of people start their own online businesses, this team clearly operates as a well-oiled machine.

If you're interested in learning more about how they can help you generate leads and gain visibility on the major search engines, you should call Jonathan C at (949) 278-9578 and schedule a time to come and meet the team that gets You, Everywhere, Now.

Commercial Office Storage Space Available

Do you have rows of banker's boxes lined up in your office that are taking up valuable real estate? Old office furniture that you will need later but not right now?

We have the solution: on-site storage lockers available to tenants of Old Town Plaza. Conveniently located in P2 Storage, our Storage Lockers range in size from 72-500 square feet and all lease on a month-to-month basis for $1.00 per square foot.

Call today to reserve your P2 Storage Locker or click here to fill out the request form:

http://www.leaseoldtown.com/leasing.html

Guest Post - Can Business School Teach Ethics?

Greetings from Palo Alto. My name is Chris O’Riordan, and I’m honored to write this guest post for the Old Town Plaza blog.

Can business school students be taught ethics?

I am a student finishing up my last year of business school at Stanford Graduate School of Business (GSB), and a topic that’s been top of mind among my classmates over the last few years is ethics. The after-effects of the greatest financial crisis in a generation are still reverberating throughout the economy, and the blame for the crisis does not fall solely on perverse incentives legislated by Washington, irrational exuberance by the American homebuyer, and faulty mathematical models of risk deployed by regulators, banks, and credit-rating agencies. Moral and ethical lapses by agents across the spectrum – from mortgage brokers and lenders to top-level CEOs, many of them with MBAs – have played a significant role in the crisis. In fact, many have blamed MBA programs for over-emphasizing the profit motive and churning out managers with little sense for the greater good. So what roles do graduate business institutions play in instilling ethics in their students? I’ll talk briefly about Stanford’s approach and leave you with my thoughts.

Stanford provides tools, but little else

Stanford GSB was among the first MBA programs to emphasize ethics in its curriculum, and this emphasis plays out in several ways over the course of the two year program. First, in a required course entitled Ethics in Management, I was taught ethical frameworks like Mill and Bentham’s Utilitarianism (actions should broadly maximize utility) and John Rawls’s Theory of Justice (act so as to maximize the prospects of the least well-off).  My classmates and I then had the opportunity to apply these frameworks to actual business cases. No one framework was deemed the “right” framework to work with; rather, students were encouraged to use whichever one fit most closely with his personal values.

Next, in a course entitled Critical Analytical Thinking, students were tasked with answering questions such as: “should Google do business in China?” On the one hand, capturing the Chinese search market would mean bumper returns for Google’s shareholders. On the other, Google’s motto is “do no evil” and in order for Google to operate in China it had to censor its search results in accordance with the Chinese government’s directives. Again, the emphasis was not on finding the right answer, but on getting there in a well-reasoned and analytically rigorous fashion.

Finally, I am currently taking an elective class called Real Life Ethics where real business cases are presented by the CEOs who lived through them, and students reason through different ethical approaches. The cases are usually ambiguous enough where there is more than one “right” answer, and the two big takeaways thus far have been: 1) often times you need to trust your gut; and 2) think about how would you feel if the action you are considering was published on the front page of the Wall Street Journal.

The answer lies closer to home

Tools and frameworks are useful, to be sure, and thinking through how I’d approach challenging business decisions has been a worthwhile exercise. However, I’m not sure how much these tools have actually changed the way I or my classmates would act in a given situation. In fact, I’m left with more of a feeling that many people use frameworks to rationalize the way they were already prone to act. I have no doubt that Angelo Mozilo, the former CEO of Countrywide Financial, could come up with a list as long as your arm to explain away his actions during the run up to the financial crisis (he’s providing people with access to the American dream, jobs for his employees, etc.). Furthermore, I highly doubt that had Mr. Mozilo attended the GSB and taken the classes on ethics mentioned above he would have acted any more ethically.

In retrospect, it was foolish of me to expect business school to be any sort of ethical training ground, and I’m not sure that I’d want it to be. My ethical “framework” has been shaped by years of influence from my parents, friends, and church, and my classmates have experiences of their own that have formed their worldviews. The home and community is the true ethical training ground, and I’d rather see an academic institution reward good ethics through its admissions process (as far as that’s possible) than try to inculcate its students with its desired ethical framework. In a world where “success at any cost” is often rewarded lavishly, this would be a positive step toward pushing more ethical people toward leadership positions.

Chris O’Riordan spent four years playing professional baseball with the Texas Rangers and San Diego Padres before joining Intermarket Investment Group in San Diego. He then worked in Grant Thornton’s Forensic Accounting and Litigation Services team in Phoenix, AZ before enrolling at Stanford Graduate School of Business. Chris will be joining McKinsey & Company after graduating from business school in June 2011.

AVAILABLE - La Jolla Village Condo for Rent

This is a fantastic opportunity for anyone looking for a truly unique place to live.  Check it out now - this one will not be around for long:

http://sandiego.craigslist.org/csd/apa/2015443964.html

If you've been to La Jolla Village, you know why this is a rare find!
 

DISCLAIMER: This is not a property owned or operated by Intermarket Investment Group, LLC, it's subsidiaries or affiliates in any capacity.  We make no representations or warranties, express or implied, to this property.  This is strictly a reference post.

Help OTP get to 2000 Friends on Facebook and we'll throw another party!

Get OTP to 2000 Facebook Friends and get an OTP Party!

Intermarket Investment Group, LLC is proud to announce our FACEBOOK CHALLENGE: get Old Town Plaza's Facebook Page to 2000 friends by 31 December 2010 and we will throw another tenant lunch party!

We think this should be pretty easy with just about 200+ people working here, each tenant only needs to get ten friends to sign up:)






Check out OTP's Facebook Page HERE, get your friends to become Fans of OTP and help us throw you another party!

http://www.facebook.com/pages/San-Diego-CA/Old-Town-Plaza/171195512964


To find out more about leasing commercial office space at Old Town's Greenest Office Building, check out our website at www.LeaseOldTown.com or click HERE.  Our office can also be reached by calling 619-692-0802.

Let the sun shine? Not quite yet, but soon…

By Andrew

I’m writing today as a guest blogger for Old Town Plaza to provide some musings about how clean energy technologies may, or may not, be beneficial for commercial real estate.  Before I go into my spiel I feel I should provide a brief background about myself.  For the past three years I’ve worked for a company focused on funding venture capital/growth equity opportunities in the clean energy space.  During that time, we’ve looked at hundreds of deals, making over a dozen investments in cleantech subsectors like solar, biofuels, wind, etc.  While there are a multitude of cleantech options for commercial real estate, I’m going to narrow the focus to solar today.

Ok, so I said I was going to focus on solar, but I feel the need to stress that the easiest way to become “greener” is to curb energy/water usage.  This costs you ZERO dollars and takes very little effort.  Simple steps like shutting down office computers when you leave for the night, making sure all the lights are off when you leave the office, fixing leaky faucets, setting the thermostat a few degrees higher in summer or a few degrees lower in winter, etc, can result in big savings over time.  The act of conservation is by far the most cost effective way to reduce energy bills.  Ok, now on to solar.

Solar

While there are a number of different sub-segments in the solar industry, the most well-known is the solar photovoltaic (“PV”) sub-segment.  In Solar PV, the industry primarily consists of crystalline silicon (“c-Si”), thin-film silicon (amorphous silicon, or “a-Si”) and thin-film non-silicon (which is dominated by cadmium-telluride-solar-panel-maker First Solar [NASDAQ: FSLR]).  I’m not going to describe the differences in each panel type in the blog—that’ll take up too much space and you can get a better explanation through Wikipedia here (c-Si), here (a-Si), and here (“CdTe”).  The basic differences that buyers would care about are in the efficiency and the cost of each system.  Crystalline silicon is currently the most efficient option, with thin-film non silicon and thin-film silicon coming in second and third, respectively.  CdTe is generally recognized as the cheapest option and c-Si is the most expensive (a-Si falls somewhere in between, but closer to the CdTe price point).  There are benefits to each type of technology depending on your location and the size of your property(ies).  

What factors do you look at when looking at solar?

Every situation is unique.  Factors that will influence your decision include available rooftop space, solar irradiance in your area (how much sunlight hits that part of the country), any shading of the roof, how much you want to spend on the system, how much energy use your trying to offset, what is the weight bearing ability of your rooftop, etc.  I’d say, on average, crystalline silicon would be the best choice for commercial real estate applications, especially in California.  Why you might ask?  It’s relatively simple; the square footage of your rooftop is finite and you want the most bang for your buck.  Since crystalline silicon is the most efficient option, you can get the highest energy output per square foot. 

Another big factor that will influence your decision is the cost.  Thin-film modules are typically the lowest cost option available for you, and if you’re operating with a tight budget, it may make financial sense to go with a thin-film option.  However, before you set your sights on something that has the lowest cost per watt (the cost of the panel divided by its rated energy output – a $1000 module that has 250w of output would be $4/w), be aware that there is another, possibly more important factor when buying a solar system as the upfront cost does not tell the whole story.  When you buy a solar system, you’re investing in something that is going to provide you with “free” electricity for 20-25 years (even more with proper maintenance).  As this asset is providing returns in the form of offsetting your electricity bill, you also want to be aware of the levelized cost of electricity (“LCOE”) that a system would provide you over its lifetime.  The LCOE is used to approximate how much each kilowatt-hour (“kWh”) of electricity your system produces costs you, providing you a reference point to compare to your current utility bill electricity cost (you can find a more detailed description of the LCOE calculation in this PDF).  While a thin-film module may have a lower upfront installed cost, its lower efficiency, over a 20-25 year lifetime may mean that its LCOE is actually higher than a c-Si module.

A third area you’ll want to look at is the inverter choice.  Inverters are what convert the electricity produced by the solar cells into electricity that is usable by your building.  There are central inverters, where all the electricity from the solar panels is funneled to one main inverter, and there are microinverters, where each panel has its own inverter.  With a central inverter, the solar panels are connected in series; and thus, the weakest panel sets the output for the entire system.  For example, if you have a cloud  covering one panel and it’s only producing 50% of its expected output, your whole system is going to be dragged down to the output of that panel.  With microinverters, you avoid this problem as the other panels will remain at full output since they are not connected in a series.  This benefit comes at a price though, as microinverters, on a system-wide level, are more expensive than central inverters.  Again, every situation is unique, if you’re located in the desert and cloud cover is rarely an issue, central inverters are the way to go.  If you’re located in a spot where there can be significant cloud cover, or you have trees shading part of the rooftop, microinverters are probably a better option.  When you’re judging what would be best for your situation, talk to a local solar installer and see if they can provide any insight.

My thoughts on solar’s place in commercial real estate.

I would say that solar is still a bit too expensive for the average commercial user at this point in time, even after the federal and state incentives.  Again, this is on a case by case basis, and there a number of benefits that solar can provide that I did not discuss, but may be applicable to your situation (like keeping the lights on during the day if the utility power is cut).  Even though it may be too expensive today, the industry is trending in the right direction for consumers, with installed costs dropping in half over the past three years.  With a plethora of new capacity coming online in China, the solar industry is rapidly becoming commoditized, and it will only be a matter of time, measured in months, not years, before solar is competitive with retail electricity prices in many markets.  My suggestion is to start investigating the solar option now, get quotes from installers, and see where prices head over the next year.  By this time next year, you may be the proud owner of a solar energy system that provides a cheaper source of electricity than utilities.

Commuting Options for Old Town Plaza

In the last few weeks, I have had a number of inquiries about various options for commuting to Old Town Plaza.  This is great news because we do have so many options for commuting here it's really amazing.

1. COASTER/San Diego Trolley - arguably the best option for getting to Old Town Plaza if you live along the Coast/I-5 Corridor anywhere south of Oceanside.  Personally, I live in Carmel Valley and take the COASTER frequently from the Sorrento Valley Station.  The total commute time for me, door-to-door is about 31 minutes - 21 of those minutes are used on the actual train ride itself.

As for the San Diego Trolley, this is an excellent option if you live in Downtown, Mission Valley, East County or Santee.

Both the San Diego Trolley and the COASTER stop at the Old Town Transit Center.


View Larger Map

2. Bicycle - another fantastic option.  Personally, I use this option once a week or so.  When riding a bike, you have the option of riding it to a COASTER train or San Diego Trolley and then riding your bike from Old Town Transit Center to Old Town Plaza.  For our resident hard-chargers, you can always ride all the way in!  We have a bike rack secured behind the gates of the P1 Parking Garage near the Building A elevator landing.

3. Scooter - arguably the best option for those customers of ours who live in any of the great urban neighborhoods located close to Old Town Plaza.  North Park, South Park, Mission Hills, Hillcrest, Banker's Hill, Little Italy, Downtown, Mission Valley and Pt. Loma.  Matt bought a Vespa for his commute to Mission Hills.  Between the fuel economy (85 mpg), acquisition cost ($4500 MSRP) and ease of storage/parking, the scooter has no rival in terms of utility and efficiency.

4. Ride Share/Carpool - traditionally a fantastic option if you live near other co-workers in your office who have similar schedules.  However, we all know how likely that is...

5. Car - well, this doesn't really need an explanation.

Using Life Cycle Analysis to Improve Return on Investment (ROI)

Old Town Plaza - San Diego Commercial Office Space

If you were to glance at the Old Town Plaza blog and see posts like "Disposable Plastics" or "The Plague of Bottled Water," you might think that Intermarket Investment Group is just some crazy environmental group who found a company and platform to carry their message.

This could not be farther from the truth.

 In addition to a variety of other reasons, Intermarket's environmentally responsible change in mission came from one simple business metric: by increasing the life cycle of all the components required to run a company that owns and operates commercial office space, you can directly cut expenses and thereby increase profitability.  As any good businessman knows, reducing expenses is actually far more potent than simply increasing sales.

In the case of running Intermarket, we have found that reducing expenses is actually far more valuable than increasing sales because in the commercial real estate business, where inventory is predefined (we cannot just increase the number of shifts or outsource additional production to another factory to increase output like a consumer products company can), increasing sales is sometimes not even an option.  When our portfolio is fully leased, we cannot simply build another building in a month or two to increase inventory and subsequently increase sales.  Increasing inventory in commercial real estate takes years (or sometimes just a few quarters if you go the acquisition route - but that assumes you can even find a quality asset in which you can invest).

Old Town's Greenest Office Space - Old Town Plaza

That leaves us with reducing expenses.  By reducing expenses, we are directly increasing the free cash flow and subsequent profitability of a given property.  In turn, this also helps us to deliver more competitive rates either by lowering our rates while maintaining our product offering, keeping our existing rates and improving our product offering or increasing our rates slightly to deliver game-changing improvements to our buildings.  In theory, if our competitors have not reduced expenses at the same time and all of us are impacted by the same economic factors in the sub-market (Old Town/5th Avenue in San Diego), then this disparity will give us a competitive advantage in our space.  No matter what option we choose, reductions in expenses directly benefit our customers every time, all the time.

One good example of life cycle enhancement and augmentation is Solar Reflective Window Film.  We could replace all of our windows here at Old Town Plaza with the latest, most advanced dual-pane, Argon-gas, low-e windows on the market.  However, that would not only be cost-prohibitive, but it would also generate an inordinate amount of landfill waste prematurely because the existing windows have plenty of usable service life in them.  Instead, we chose to augment the existing windows with Solar Reflective Window Film with great results.  The film reflects more than 70% of the incoming solar radiation from the sun away from the building.  In turn, this reduces the heat load on the building and the subsequent HVAC cooling requirements which lowers our electricity consumption.  Keeping power consumption to a minimum reduces costs for our end-users.

While not a direct life cycle analysis project, our most recent water feature improvement (conversion of the courtyard fountain to a planter featuring plants native to the San Diego region), completed earlier this year, provides us another good example of how environmentally responsible investment can lead to improved profitability and better product offerings.

Fountain replaced by native plants

The conversion project reduced our water consumption 40% per month, on average.  Simultaneously, the City of San Diego is in the middle of a series of 20% annual rate hikes which started a few years ago.  Had we opted to do nothing, Old Town Plaza would have used the same amount of water running the fountain, but we would have been paying 20% more for the water each year (same level of consumption).  Instead, by investing in an environmentally responsible feature like native planters, we significantly reduced the impact of the unavoidable 20% rate hike that we were facing from the City of San Diego by greatly reducing consumption.  This netted our tenants direct insulation (not 100%) from cost increases in utilities.

In short, we are not "environmentalists" or anything close to it.  We are a small business that has found new meaning in the old adage that "less is more."  Intermarket does more with less - it is our trademark.


These are just a couple of ways that Old Town Plaza continues to set itself apart from the competition in the Old Town/5th Avenue commercial real estate sub-market of San Diego.  Located just one block off of the Interstate 5 Freeway, Old Town Plaza is the premier location for companies looking for superior value, unrivaled location to I-5 and I-8, close proximity to San Diego International Airport and walking distance to SPAWAR - all wrapped in an environmentally responsible and efficient package.  Click here to take a Video Tour of Old Town Plaza right now, check out our Video Tour on our website or contact our office today for a personal tour of our property. 

To view our available listings, click here:
http://www.leaseoldtown.com/leasing.html

Save 50% on Your Monthly Water Bill with a $5 Bucket

Water is a big problem for us today - not only here in sunny San Diego, CA, but the world at large.  The dwindling stock of fresh water supplies is no secret to anyone who has picked up a Wall Street Journal within the last three years.  We have discussed water at length here given that the City of San Diego approved major annual rates hikes for water supplies for the next few years.

To that end, here is another little step each of us can do to save more water than we probably thought: recover and save the excess water running from your shower while you wait for the water to get hot.  You will be absolutely amazed at how much water is wasted while we wait for our water to get hot - even if you do have a hot water pump in your house or an instant hot water heater.

This savings is created by the fact that there is actually quite a bit of water just sitting in your pipes in between your shower head and the water source.  Doesn't sound like much water, right?  That is what I thought too.

Five gallon bucket = BIG $$$ savings on water bill

I started running this experiment in my own home a few months ago.  I bought a simple five gallon bucket from Ace Hardware and put it under my shower head where it collected excess water while I waited for the shower to heat up.  It is worth noting that all of my showers are fitted with SDG&E supplied Energy Saver (low-flow) Shower heads, so wasted water is already kept to a minimum.  The shower I used for this experiment is also located just ten feet from the water heater.  I was trying to use the most efficient setup possible to see what a minimum savings/efficiency threshold would look like.

After just one week I found that I was saving five gallons every two days taking just one shower a day from the shower just ten feet from the water heater and outfitted with a high-efficiency shower head.  Wow.  I had so much excess water that I began to dump my excess shower water into a large spare trash can.  I filled the large trash can in a little under three weeks.  I now use this water to irrigate my yard.  I have completely shutdown my backyard irrigation system and gone to just using a simple backpack-style hand pump sprayer (similar to one you would use for insecticide).

My water bill was cut in half.  That's right - a 50% reduction in water consumption and no adverse consequences to show for it.  If anything, I found my yard was getting TOO MUCH water using just the shower excess (my backyard is well shaded) and I have now started to use the water in the front yard too, but there is not enough water savings to completely replace irrigation in the front yard, unfortunately.


Is this a particularly big deal in the scheme of things?  No, not at all.  But you might be able to save yourself 50% per month on your water bill - especially if you have a family or a large house.  Now I would say that is something worth noting.

These same types of practices are applied everyday here at Old Town Plaza - Old Town's Greenest Commercial Office Building.  To find out more about what we are doing at Old Town Plaza to reduce our environmental impact or about how you can get into the premier commercial office space in Old Town, check out our website at www.LeaseOldTown.com or call our office to schedule a tour.  Our available listings can be found here: http://www.leaseoldtown.com/leasing.html

Space is limited and going fast, so call today!

New Ad Campaign - Farmers Insurance Agency

Check out this new ad campaign for Old Town Plaza's very own Farmer's Insurance Agency featuring Jasmine Guerrero and Brent McKiernan:


http://www.1888lowermy.com/JasmineGuerreroAgency

The ads will run on Fox 5 San Diego for one year starting tomorrow.

Our Garbage – what is it and where does it go?

A big part of our mission here at Intermarket is reducing costs for our customers by reducing superfluous consumption. We control CAMs by reducing energy waste and using our building systems more efficiently. We reduce our carbon footprint by reducing water deliveries and going to filtration systems. We reduce TI costs by recycling our doors. We reduce administrative expenses by printing on both sides of the paper here in our office and recycling old paper from old files that we don't need anymore. These efficiencies are passed on directly to our tenants in the form of property improvement projects, lower operating costs and more competitive lease rates which deliver the best overall value in our sub-market.


I recently learned about how this can be done on a much larger scale...with garbage. Literally.


Like most people, I rarely gave any thought whatsoever to the waste I produced everyday. In fact, in 90% of my daily activity, I often didn’t know that I was producing waste at all. For example, we often get our groceries bagged in plastic or paper bags only to throw them away or use them for trash for something else like food waste. This trend seems to be bucking, however, as we see more and more reusable grocery bags everyday. In the office, simply taking paper that has been printed on one side and recycling it through the printer to print on the other side will literally cut your paper consumption in half.


Trash does have an upside though. Every year, we generate more than 250 million tons of garbage here in the US. This waste helps to fuel (literally and figuratively) a $52 billion/year industry. This trash is trucked off to landfills which have proven to be modern engineering marvels in and of themselves. The decomposing garbage creates Methane and Lechate gas. This gas is harvested using gas wells in the landfill. The methane gas is then burned to create steam and spine turbines to generate electricity. At the BMW Plant in South Carolina, the entire factory is powered by a Waste Management Landfill producing methane gas for steam turbines. The plant is literally powered by trash.1


The largest landfills, which cost over $1 million/acre to construct, can produce enough gas to power over one million homes per year! This saves us about 13 million barrels of oil per year.2


So, the next time you go to hit the print button, I would encourage you to think PDF first. We have to start somewhere, but every little bit helps.


For a detailed look at our trash problems and how we can do our part to reduce waste in general, check out this CNBC Special Report called “TRASH INC – THE SECRET LIFE OF GARBAGE.”


Citations and References:



1 “Trash Inc. – The Secret Life of Garbage” CNBC, 2010: http://www.cnbc.com/id/38830389

2 “Trash Inc. – The Secret Life of Garbage” CNBC, 2010: http://www.cnbc.com/id/38830389

"Disposable" Plastics

Last Saturday, as part of their "Green Screen Series," the San Diego Film Festival featured the film Bag It. This documentary clearly, and often humorously, outlines the sheer stupidity of single-use plastic products. Following the story of the plastic bag exposes the tremendous environmental and societal impact of disposable plastics. The film poses a simple question: Why are we using a highly durable material made from a finite resource (petroleum) for products that are discarded in a matter of minutes and take centuries to decompose? The statistics are startling. The United States is currently consuming approximately 1 million single use plastic bags per MINUTE!


Bag It Intro from Suzan Beraza on Vimeo.

Though the scale of this problem appears daunting, it is also a problem that everyone can help solve. The Bag It website offers a wealth of tips to make life with less plastic possible. The film makers are trying to distribute Bag It through more mainstream channels. Until that time please visit their website and pass along this information.

Tenant Lunch Hosted by Cox Business - October 22, 2010

Owner/Operator - OTP

In conjunction with Anthony Perez and Macie Rookus at Cox Business Services, we are pleased to announce that we will be holding another tenant-lunch event on October 22, 2010 from 1130-1330 in the Courtyard here at Old Town Plaza.  The event is being sponsored by Cox Business Services who will also be providing lunch for everyone.  Over the last few months, we have been working closely with Anthony and his team from Cox Business to ensure that Old Town Plaza has the latest in available communications infrastructure desired by our customers.  This project is part of our continuing effort to keep Old Town Plaza in the lead as the premier commercial office building here in the Old Town sub-market.

Cox Business at Old Town Plaza

Anthony and his team from Cox Business Services will be on-site throughout the event to answer any questions you might have about ways Cox can help your business with voice and data solutions.  Cox Business Services will also have Technicians on-site for existing Cox Business Customers who have issues or questions with existing systems.  The Techs will be available for trouble-shooting as well.

RSVP's are not necessary for this event.  We hope that this will be a beneficial event for all of our valued customers here at Old Town Plaza.  See you then!

Commercial Real Estate Customer Testimonial: Doug Dickerson from KW Advisors

We recently did a deal with Doug Dickerson from KW Advisors and it was quite possibly the smoothest, most professional deal Matt and I have ever done.  This was due in no small part to Doug Dickerson of KW Advisors.  His client, Traffic Geyser, LLC, took delivery of a commercial office suite here at Old Town Plaza this past weekend.  Here is what Mr. Dickerson had to say about his experience here at Old Town Plaza.  We believe the note speaks for itself (published here at OTP's LeaseOldTown.net with permission from Mr. Dickerson):

Matt & Justin,

I hope things are going well over at OTP as you near full occupancy.

In addition, I would like to say that this was one of the more enjoyable deals that I have worked on. The response times, good will, and professionalism were all top notch.

Thanks,


Doug Dickerson | Associate Director

KW Commercial  | Corporate Advisory Services

12265 El Camino Real, Suite 180 | San Diego, CA 92130

858.243.2608 - Cell | 858.436.8303 - Office

Lic. #01824183

Old Town Plaza Welcomes Gamesa Energy USA, LLC!

This month we are pleased to announce the move-in of Gamesa Energy USA, LLC to Old Town Plaza.  Gamesa Energy USA, LLC is a global innovator and leading manufacturer of wind turbines in the renewable energy sector.  They are also a significant developer of wind power generation facilities.  Gamesa needed to relocate their West Coast Development offices to a suitable commercial office building in San Diego from Austin, TX on extremely short notice and Old Town Plaza made it happen! 

Welcome Gamesa Energy USA, LLC!