SAN DIEGO—Steven M. Malley, a 12-year veteran of San Diego commercial real estate, was named president of Lee & Associates San Diego – UTC. Malley, who joined Lee in 2008 as a partner, specializes in the sale and leasing of office, industrial and retail properties.
“Steve’s experience and leadership qualities are strong assets for this job,” said former president Joe Balla, who relinquished the position last month. “He is highly motivated and his experience with banks will be a major plus for this office.”
Balla remains with Lee & Associates San Diego-UTC as a principal. Currently, there are 14 brokers working out of this office.
During the economic downturn, Malley was instrumental in assisting banks and special servicers valuate and dispose of REO assets throughout the country. Since 2008, he has successfully sold over 40 REO assets for a variety of regional and national lenders and has become an industry leader in REO disposition work.
“I am extremely honored to have this chance to take on this role and help this office as we continue to move forward,” said Malley. “I will focus my efforts on growing the office through the addition of high quality agents as well as continue to service our current clients and their real estate needs.”
Prior to Lee & Associates, Malley was vice president and the regional manager for San Diego’s Sperry Van Ness. There, Malley helped grow Sperry in the San Diego region from six agents to more than 30 and opened a satellite office in Carlsbad to augment the activity of the main UTC office. Malley also specializes in mid-market, private client investment sales of office, industrial and retail properties throughout Southern California. He has successfully facilitated over 100 transactions totaling in excess of $350 million and he served as a managing director of Studley’s Investment Property Group after starting his career at Insignia/ESG in Phoenix.