Colliers International is expanding its reach throughout Southern California with the addition of a new San Diego team. The new group of investment professionals includes Louay Alsadek, Maddie Mawby and Eric Parra, who make up a combined 45 years of experience in the commercial real estate industry. Joining Colliers from CBRE, the Alsadek Team specializes in the investment of office, life science and industrial properties in San Diego County as well as throughout the Southwest. Together, the group has completed over $6 billion in property dispositions. Recently, The Registry had the opportunity to discuss the expansion with executive vice president Louay Alsadek and learn more about the goals the team has for the region moving forward.
Q: In general, can you tell me about the team’s previous experiences in the CRE industry before joining Colliers International?
A: I began my career at Prentiss Properties overseeing acquisitions, asset management, development, and leasing for their Southern California portfolio, which comprised over six million square feet of office and industrial properties. I transitioned to the brokerage side, specialized in investment at Grubb and Ellis, and became the region’s top investment broker while holding my most recent position with CBRE.
Maddie began her career in Cleveland, Ohio as an industrial broker. She then moved to the West Coast to CBRE’s Debt and Structured Finance team focused on business development nationwide. Her venture into investment sales began when she joined my team in August 2020.
Eric Parra was with CBRE’s Financial Consulting Group. He underwrote and performed financial analyses for single assets, portfolios, and developments of every commercial property type, and he brings an extensive real estate finance knowledge to our team.
Q: What prompted the move to Colliers International? How will prior experience help the team advance Colliers’ mission?
A: We were first drawn to the entrepreneurial energy of Colliers. That approach, combined
with their world-class platform and exceptional resources, made the move an easy decision. The team aims to contribute to Colliers’ rapidly growing capital markets platform through their expertise and relationships. We now feel that we are in the perfect place at just the right time.
Q: What are your thoughts on the market? What fundamentals make the San Diego market unique?
A: The San Diego market is experiencing a level of growth similar to what the Bay Area experienced during their tech boom. Driven by record levels of venture capital funding in life science and technology, as well as the significant defense presence, San Diego has all the tailwinds necessary to support sound commercial real estate investment.
Q: In your experience, how has the San Diego market changed and/or grown over the years?
A: San Diego has always been a phenomenal place to work, live, and play. Now, global companies are beginning to realize that it is also a more affordable alternative to San Francisco, Boston, New York, and other gateway cities for labor, housing, and commercial rents. A highly skilled labor pool, supported by the many world-renowned universities and research institutions in the region, further amplifies the desire for corporations to recruit and retain talent in San Diego. These components have positioned San Diego for long-term growth that is very exciting from an economic perspective.
Q: Are there any property types the team will be focusing on specifically? If so, why?
A: Our team has historically specialized in the advisory and disposition of office, life science, and industrial assets. We have experience, vast relationships, and exceptional market knowledge of these property types and will continue to serve our clients in those same areas at Colliers.
Q: Looking ahead, what goals does the team have?
A: We plan to focus on strengthening our client relationships by providing an increased
level of service through this new Colliers platform. Our main goal is to prioritize our clients by helping them achieve and hopefully exceed their expectations. As a team, we want to leverage Colliers’ unique resources to increase our transaction volume.