Voit Real Estate Services-San Diego

Voit Real Estate Services-San Diego Voit Real Estate Services is a broker-owned SoCal-based commercial real estate firm adding value for our clients.

Voit has local offices in La Jolla and Encinitas. At Voit, there are a number of characteristics that differentiate us from the rest. We give our professionals the resources to achieve new heights backed by the stability of one of the most enduring names in real estate.

Brian Mulvaney, SIOR, CCIM is a Senior Vice President and Partner in the San Diego office and our broker highlighted in ...
09/03/2026

Brian Mulvaney, SIOR, CCIM is a Senior Vice President and Partner in the San Diego office and our broker highlighted in this issue of the Voit’s “Meet Our Professionals” Broker Profile Series.

Brian Mulvaney has spent nearly four decades building a career in San Diego commercial real estate rooted in a simple philosophy: do the right thing, even when no one is watching. Raised in a family devoted to philanthropy, he found his way into the industry after a stint studying advertising and television at UC Santa Barbara — a path he abandoned once he realized its ethics didn’t align with his own.

Mulvaney began his brokerage career at C.W. Clark, before being recruited to Grubb & Ellis in 1993, where he sourced a $150M multi-asset portfolio and earned his CCIM and SIOR designations. In 2000, he and five teammates joined Voit, drawn by our entrepreneurial culture and the flexibility to work across asset types rather than being pigeonholed into one. Today, Mulvaney’s practice spans tech, life sciences, industrial, and office sales and leasing, with clients including Qualcomm and General Atomics.

Prioritizing the client's best interest over short-term gain compounds over time. That's evident in a 52,000 SF Poway industrial building deal from a few years ago, where Mulvaney's relationship-first approach led to repeat assignments, a win-win sublease/termination structure, and an unexpected renewal fee — all rooted in relationship equity.

Beyond brokerage, Mulvaney has dedicated years to mentoring the next generation of dealmakers and to philanthropic work with Father Joe's Villages and the Boys to Men Mentoring Network. His guiding belief — that success is measured by the success of clients and colleagues, not personal gain — shapes both his business practice and his approach to giving back.

Read the entire broker profile at https://f.mtr.cool/cpocxz91xv

Additional broker profiles are scheduled over the next few months. Keep a look out to see who we highlight next.

Brian Mulvaney, SIOR, CCIM and Josh West, SIOR of Voit’s San Diego office just assisted their client in selling their 14...
09/01/2026

Brian Mulvaney, SIOR, CCIM and Josh West, SIOR of Voit’s San Diego office just assisted their client in selling their 14,820 SF South Bend, Indiana asset for $2,800,000 in total consideration. Excellent job, guys!

08/26/2026

The Voit Real Estate Services Annual Summer Event was a big hit this year. We ventured over to the Paséa Resort & Spa in Huntington Beach for an evening of cocktails, fantastic food, dancing and socializing – all with an amazing view of the ocean. The Voit-hosted event included an overnight stay at the hotel. Many of our team members came early to enjoy a day on the beach, lounging by the pool, and walking around the local shops.

Thank you Voit for this annual getaway and including our families in the fun! It’s no wonder Voit is one of the OCBJ’s Best Places to Work.

The wave of office buildings being converted into apartments isn't slowing down — it's accelerating. Recent data shows c...
08/20/2026

The wave of office buildings being converted into apartments isn't slowing down — it's accelerating. Recent data shows conversion activity hit a record high in 2025, with lenders no longer able to rely on "extend and pretend" tactics as rates hold steady and are expected to climb further this year. As of the start of 2026, roughly 90,300 units were in the conversion pipeline nationally — up 28% from the year before.

What's fueling it? Hybrid work permanently reduced office space demand, leaving many older Class B and C buildings with high vacancy and shrinking cash flow. At the same time, housing shortages across major metros — including here in Southern California — have made adaptive reuse an increasingly attractive path forward for owners holding functionally obsolete assets.

The math is also changing. Office values remain well below their 2022 peak, and with over $200 billion in office loans maturing by year-end, many owners are selling at steep discounts. That lower acquisition basis is exactly what makes conversion economics finally pencil out.

Policy is playing a role too. Government incentives — federal, state, and local — are removing traditional barriers:

• California's AB 1490 fast-tracks approvals for affordable adaptive reuse projects
• Los Angeles's updated Citywide Adaptive Reuse Ordinance now allows by-right conversion of buildings 15+ years old
• City officials project the LA ordinance alone could generate 40,000+ new housing units

One high-profile example: the former World Trade Center building in downtown LA is being converted into 500+ residential units, made feasible in part by these zoning changes.

Bottom line: this isn't a short-term trend. As housing pressure continues and more cities build out streamlined permitting frameworks, developers with real conversion experience are positioned to capture a growing opportunity.

Read the full article at https://f.mtr.cool/ajkehdfufx

Congratulations to Rex Huffman of Voit’s San Diego office for executing the $4,207,143 lease of this 21,105 SF industria...
08/18/2026

Congratulations to Rex Huffman of Voit’s San Diego office for executing the $4,207,143 lease of this 21,105 SF industrial building in San Diego, representing the landlord. Great job, Rex!

Congratulations to Todd Holley, SIOR of Voit’s San Diego office who assisted his client in executing a $2,490,746 lease ...
08/13/2026

Congratulations to Todd Holley, SIOR of Voit’s San Diego office who assisted his client in executing a $2,490,746 lease renewal of their 4,141 SF office suite in West Hollywood. Cheers, Todd!

Congratulations to Patrick Connors, SIOR and Michael Mossmer, SIOR of Voit’s San Diego office and Ryan Moore, SIOR of th...
08/12/2026

Congratulations to Patrick Connors, SIOR and Michael Mossmer, SIOR of Voit’s San Diego office and Ryan Moore, SIOR of the Anaheim office for executing the $2,529,870 lease renewal of this 1,940 SF industrial building in Vista. Great teamwork represented the tenant in this transaction!

Great job by Alex Jize, SIOR of Voit’s San Diego office who represented his client in the $1,200,000 acquisition of 3,64...
08/11/2026

Great job by Alex Jize, SIOR of Voit’s San Diego office who represented his client in the $1,200,000 acquisition of 3,648 SF of office space in Escondido. Congratulations!

Fantastic teamwork by Brandon Keith, Alex Jize, SIOR and Randy LaChance of Voit’s San Diego office who directed the $4,0...
08/10/2026

Fantastic teamwork by Brandon Keith, Alex Jize, SIOR and Randy LaChance of Voit’s San Diego office who directed the $4,000,000 sale of this 19,143 SF industrial building in Carlsbad. The Voti team represented both the buyer and seller in this transaction. Cheers!

After years of rising vacancy, the office market may finally be finding its footing — both nationally and here in Southe...
08/06/2026

After years of rising vacancy, the office market may finally be finding its footing — both nationally and here in Southern California.

Nationally, CoStar reports that U.S. office leasing held steady in Q2 2026, and the national vacancy rate eased to 17.7%, aided by slower construction and record levels of office-to-multifamily conversions.

San Diego
• Vacancy sits at 13.40%, essentially flat year over year, a sign the market may be stabilizing
• Kearny Mesa (8.4%) and UTC (10.22%) are significantly outperforming Downtown, which remains challenged at 33.26% vacancy
• No new traditional office deliveries in 2026, and none currently under construction, a tailwind for absorption
• Owner-user sales are surging, with 27 transactions this quarter matching the highest total in four years
• Investment sales remain active, on pace for a second straight year above $1 billion
• Ryan Bracker summed up the mood: “The coming quarters will determine whether market vacancy has truly peaked and whether the office market has indeed found its bottom. For now, however, the early signs are encouraging.”

Orange County
• Vacancy has dropped sharply — from 15.79% to 13.03% — over four straight quarters of positive absorption
• More than 6 million SF of outdated office inventory has been removed from the market through demolition, conversion, or owner-user acquisition
• Asking rates are up 5.4% year over year to $2.92 PSF, with Class A commanding a premium at $3.26 PSF
• Demand is being fueled by aerospace/defense expansion, AI-economy tenants, and major mixed-use investment
• Chris Drzyzga, SIOR put it well: “A shrinking inventory base, continued flight to quality, major private investment, and a diversified innovation economy all point in the same direction: Orange County's office market has stabilized and is beginning its next cycle.”

Both markets are showing real momentum heading into the second half of 2026.

Read this week’s blog post for a full breakdown: https://f.mtr.cool/pqbpaxvrpv

Address

4180 La Jolla Village Drive, Suite 100
La Jolla, CA
92037

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+18584530505

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