This Morning at the Hilton
Bisnow held its first annual San Diego State of the Market this morning, and our panel included Dealy Development's Perry Dealy (snapped at a Bisnow event last year). Before the event, he told us he's working as a development consultant for major mixed-use projects like Manchester Pacific Gateway and the Chula Vista waterfront. There's demand from hotel operators to plant their flag and good market fundamentals. The challenge is getting the developments built. But money's identified for medium-sized projects, and "We're just starting to see some of the financial opportunities come back into the market on the larger projects." If Phase 3 of the Convention Center launches, that'll be another demand generator for hotel rooms, he says. Look for coverage of our event in next week's issue.