SAN DIEGO—While many companies choose to diversify by investingin other markets while staying within their preferred propertytype, moving into different asset classes within your geographicalarea is another option, RAF Pacifica's founder andpresident Adam Robinson tells GlobeSt.com.
As we recently reported, the San Diego-based owner,operator and developer has acquired the 39,000-square-footretail portion of PacificStation, a 100,000 square-foot mixed-useasset encompassing residential,office and retail space, for $24 million in anoff-market transaction. The retail center is currently occupied byhigh-quality national tenants including Amazon, WholeFoods and Wells Fargo. MattMoser at Retail Insight represented RAFPacifica as well as seller Loja RetailPartners.
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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.
