We build retail and multifamily in Southern California.
We are the builder. Owners, developers and institutional capital hire us to put retail centers and multifamily communities in the ground, and we run the job with your economics in view rather than just our own scope.
Budgets built by trade off your drawings, with the value engineering log priced before you commit to a set.
Prequalified bidders, every bid leveled line by line, and the award matrix shared with you before we award.
Open book, a forecast rebuilt from subcontractor actuals, and mockups signed before anything installs at scale.
Punch run by area, as-builts delivered with the certificate, and a warranty walk before the year is out.
A builder that reports like a fund.
Five phases, and the reporting is the same in each one. The number in your pro forma is the number you can follow every month.
Scope and budget
Budget built by trade off your drawings, constructability review, and a value engineering log priced before you commit to a set.
Bidding and award
Prequalified bidders only, every bid leveled line by line against the scope sheet, and the award matrix shared with you before anything is awarded.
Long lead and logistics
Long-lead equipment identified early and released against the approved site plan, site logistics set, and float held at the project level rather than inside a trade.
Build and report
Open book, a forecast rebuilt from subcontractor actuals, and the gap between billed and installed reported as its own line.
Turnover and warranty
Punch run by area as work completes, as-builts and O and M manuals delivered with the certificate, and a warranty walk before the first year closes.
Somebody has to care about the four inches nobody photographs.
A stone edge, a reveal that holds its line, a seam that lands where the drawing said it would. Our construction leadership came out of ultra-luxury residential, where that tolerance is the job. We run the same buyout and mockup discipline on value-add product, and we can afford to because the document side of the work runs on AI rather than on overtime.
How we think about building multifamily well.
Four parts of the job where multifamily projects usually go sideways, and the habits that keep them from going there.
How a guaranteed maximum price actually holds
Forecasting from subcontractor actuals, watching the gap between billed and installed, and holding float at the project level.
READ → 02Buying on lead time, not just cost
Why electrical gear sets the critical path, and how a material decision gets made on cost, lead time and warranty together.
READ → 03Where AI takes hours out of the job
The document work we have moved onto language models, what we will not put a model near, and who checks the output.
READ → 04How a subcontractor gets the scope
Prequalification, bid leveling, reference calls on the named crew, a written scoring matrix, and mockups that set the standard.
READ →Quality is a set of decisions, and every one of them has a number.
Material selection is where a building either earns its rent or quietly gives it back. We price the alternative on every line, we mock up anything a resident or a tenant will touch, and the owner sees the sheet before award.
What kind of build do you want?
Every project sits somewhere between the cheapest thing that passes inspection and the best thing the site can carry. The useful conversation is which direction each decision pushes cost, schedule, rent and the cap a buyer will underwrite, because those four do not move together and the widest spread is rarely at either end.
Build it for what the market pays today and get it leased.
Build what the site can carry and let the buyer pay for it.
Balanced
Three numbers govern every deal we sign.
They are set before the deposit goes hard and reported against every month until the asset sells.
Untrended yield on cost
Priced on today's rents and today's hard costs. The spread to the market cap rate is what the equity is actually being paid for.
Cost to complete
Rebuilt monthly from subcontractor actuals and installed quantities, with the gap between billed and complete shown as its own line.
Days of float
Held at the project level, released by the schedule, and reported as a single number alongside the dollars.
A small team, deliberately.
Kevin Krone, VP of Business Development. Kevin spent his career on the institutional side of multifamily, running asset management on a $1.5B portfolio and investing in ground-up development, where the discipline was owning the number from underwriting through disposition. That is why our reporting reads like something an owner already knows how to use.
- Asset management on $1.5B of multifamily real estate
- Institutional real estate investing, ground-up development
- Entitlement, buyout and delivery experience
- MBA, McCombs School of Business, University of Texas at Austin
- Based in Costa Mesa, California
Construction leadership. Our construction side comes out of ultra-luxury residential, where the tolerance for a bad detail is zero and quality is controlled at buyout rather than at the punch list. That is where the habits on this site come from, and they hold up on value-add product just as well as they do at the top of the market.
Send us a set of drawings, a site or a budget that needs a second opinion.
We price retail and multifamily across Southern California, and we are glad to run a preconstruction budget before you have picked a builder.
Start a conversation- Investor relations
- IR@catalinacommercial.com
- Office
- Costa Mesa, California
- Geography
- Orange County, Inland Empire, Los Angeles, San Diego
- Product
- Retail, multifamily, mixed use