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Rob Guthrie Guthrie: “The sense of urgency for us to acquire new projects is strong, and we’re selling completed ones faster than we can bring new ones in the door.”

NEWPORT BEACH, CA—As wages rise, individual business sectors grow stronger and Chinese investors eye the market, Guthrie Development’s CEO Rob Guthrie tells GlobeSt.com he is trying to temper his enthusiasm for the for-sale multi-tenant industrial- and office-condo sector. The firm recently acquired a six- building multi-tenant retail, office and service commercial project totaling 24,535 square feet of space at 27781-27841 La Paz Rd. in Laguna Niguel, CA, from La Paz Partners for $5.8 million, and Guthrie says his firm will continue to target existing multi-tenant properties from both a value-add and long-term hold perspective.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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