Multi-Building Owners: Strategy Matters

Holte: “We have tremendous long-term faith in San Diego, which is why we were the first real estate company to start building here after the Great Recession.”

SAN DIEGO—The Irvine Co. Office Properties’ strategy has involved detailed research and proactively listening to its customers’ priorities, the firm’s president Doug Holte tells GlobeSt.com. As we recently reported, the company has opened Eastgate Summit, a 65,00-square-foot, three-story “next gen” office building in the UTC submarket, and has completed erecting steel at Eastgate Terrace, a three-story, 96,000-square-foot workplace also in UTC, expected to be completed in early 2017. Both properties are not far from the company’s new 15-floor vertical campus at One La Jolla Center. We spoke exclusively with Holte about the importance of owners and developers creating a market strategy within a market where they own more than one property.

GlobeSt.com: Why should companies that own more than one building in a market develop a strategy within that market?