Top Commercial Real Estate Leaders Darcy Miramontes
After earning a law degree from Loyola Law School, Miramontes fully intended to practice law. But once she began working with her mother, an industry veteran in commercial real estate, her career took off fast. She was named Rookie of the Year by her company just a few years after starting as a runner.
As it turns out, a background in law has helped Miramontes develop a successful career as a real estate broker.
"I have a good perspective on contract negotiations," she said. "I can understand where the attorneys are coming from, but I also understand from a broker or deal perspective what could be set aside and what really needs to be negotiated."
Today, Miramontes leads JLL's Southern California multifamily team in San Diego and Orange counties and the Inland Empire. She represents institutional and private clients in the valuation, marketing and disposition of multifamily properties and development land. She has completed $1.6 billion in multifamily transactions, representing more than 13,000 units of multifamily housing.
While limited land and a constrained pipeline present a challenge to the county's housing needs, Miramontes said those factors are driving the fundamentals of the market, which she said will remain strong this year.
Miramontes and her team will be taking Broadstone Coronado on the Bay to the market in June. The remodeled, 549-unit apartment complex is located on the waterfront of Coronado Island.
"It's a great core-plus opportunity in a highly sought-after submarket in San Diego that underwent renovation and has great fundamentals," she said. She is also working on an upcoming development opportunity for the mixed-use Courthouse Commons. San Diego County is looking for a developer to re-envision and redevelop three city blocks downtown.
Miramontes is a member of Commercial Real Estate Women (also known as CREW San Diego), the Urban Land Institute Women's Leadership Initiative Committee, JLL Women's Network, and the JLL Latino Employee Resource Network.