Globe St. Interviews Jordan Schnitzer on San Diego Real Estate Market
Dec. 22, 2015
Globe St. interviewed Harsch Investment Properties President Jordan Schnitzer about the San Diego real estate market and Harsch's latest acquisition in the submarket of El Cajon, CA, Center Pointe Business Park. Schnitzer discusses why he is attracted to the San Diego market, the challenges industrial investors face in this market, and where the best opportunities lie for this type of investment.

"As long as people want to live there—which they do—property values over the long term will go up," said Jordan Schnitzer. "That doesn’t mean there won’t be cycles in between where they’ll go down, but there are strong demographics and a diversified job base in San Diego that help."

Regarding Center Pointe Business Park, Schnitzer tells Globe St., "The Center Pointe project has some tenants with solid businesses, although it has some vacancy and some capital problems we need to fix. We keep things forever—we’re a family-owned company, and we will spend the money to do what’s right for the property. In the end, the most important thing in real estate is keeping your property up; then you can give customer service that makes a difference and builds relationships."

Read the full article.