Real Estate Services
Real Estate Services manages the City's real estate portfolio and provides real estate related services and assistance to all City departments. If you are interested in leasing, purchasing or having a concession on City owned property, please refer to Bids and Contracts or City Bulletin for information on current listings. Contact the Housing Commission at (619) 231-9400 for information on public housing or rental assistance.
The Real Estate Assets Department's mission:
To acquire and manage real estate for the highest public use and benefit, generate maximum revenue through leasing and sales of surplus assets, and maximize the overall financial return of the City's real estate portfolio.
The Acquisition/Disposition Division provides complete real estate acquisition, relocation and disposition services for the City of San Diego. The Acquisition Program acquires sites for public facilities, parks, open space, and rights-of-way for streets and utilities. If private residences or businesses are affected by these acquisitions, it provides the occupants with relocation assistance to minimize the disruption. After a property has served its purpose and becomes surplus to core city business functions and activities, and is deemed surplus for the City lease portfolio, the group handles the disposition of the property.
The Asset Management Division administers the City's diverse lease portfolio. It negotiates, develops and administers lease agreements and permits for use of City-owned property by profit and non-profit organizations city-wide. This includes Mission Bay Park, Balboa Park, Montgomery Field and Brown Field Airports, and San Pasqual Valley. The Asset Management Division is also responsible for short-term permitting for use of city property, as well as facility management at the City Concourse. It currently generates over $70 million per year for various city coffers.
The Corporate Services Division is tasked with planning, organizing, and executing transactions that support all of the City's facilities needs. The division works with individual City departments to determine how much space is needed and whether the requirement can be best accommodated through occupancy of City-owned properties, a lease from an outside entity, or the acquisition of a new facility.
The Valuation Division provides opinions of value to support: property sales, property acquisitions, rental rates, market rate adjustments, bond offerings collateralized by real estate and all other City functions requiring real estate appraisal services.