The Picerne Group

Founded in 1980, Pacific Development Group and its partners currently own and manage approximately 2.5 million square feet of commercial buildings with approximately 700 tenants with a value in excess of $600 million. These properties are located throughout California and consist primarily of major tenant anchored shopping centers. The company is actively pursuing development opportunities. Known collectively as Pacific Development Group ( PDG ), the company consists of three main entities: Pacific Development Group, the original partnership ; Pacific Investors Group, a California Corporation, the management company for the PDG properties ; Pacific Development Group II ( PDG II ), a California partnership, the development entity for new projects. With a reputation for integrity, stability, and achievements, PDG performs the entire development process, from land acquisition through management of the completed project. The company's management team has expertise in land acquisition, design and construction, legal, finance, leasing, and property management. PDG also serves as the development partner with landowners and as a fee consultant on commercial projects owned by others. The PDG partners have maintained a banking relationship with Union Bank of California for more than 35 years. This relationship, together with long term relationships with other financial institutions and major tenants and the substantial individual net worth of the partners, enables PDG to react quickly to real estate opportunities.