What’s Slowing Development in Southern California?

Termini: “Everyone in our company acts like an owner; without that level of accountability and passion, we wouldn’t be able to achieve our highest potentials on a personal, project or company level.”

SAN DIEGO—Government and entitlement roadblocks continue to impede the amount of housing the industry is able to deliver to meet demand, Zephyr’s co-CEO Brad Termini tells GlobeSt.com. Termini founded Zephyr in 2008—at the height of the residential slump—and has successfully completed more than $750 million in residential developments throughout San Diego that include high-end, mid-rise condos; ocean-view condos; artisan-crafted custom homes; and high-end townhomes. We spoke exclusively with Termini about his firm’s strategy and his predictions for the residential market in 2017.

GlobeSt.com: Zephyr’s developments are varied and diverse, which isn’t common in the residential real estate industry. What’s the thought process behind this strategy?