Craig W. Clark

Craig W. Clark

— Craig W. Clark is president of La Jolla-based C.W. Clark Inc. One of the region’s most experienced commercial real estate developers, the company has the reputation of being a hands-on developer with the capability to handle all aspects of commercial real estate, from concept to development, leasing, management and sale.

BUSINESS PHILOSOPHY

Essential business philosophy: Have a quality atmosphere — people and surroundings — in which to work. Build the nicest product you can afford to build and maintain it accordingly.

Best way to keep a competitive edge: Specialize and do not try to do all product types.

Guiding principles: Be honest.

Yardsticks of success: Try to hold on to as many good projects as you can.

Goals yet to be achieved: Debt free.

JUDGMENT CALLS

Best business decision: Buying and redeveloping Del Mar Heights Village Shopping Center.

Worst business decision: Buying a site before all entitlements are in place and financing is secure.

Toughest business decision: Deciding to sell my commercial real estate brokerage company.

Biggest missed opportunity: Turning down an opportunity to joint venture the Del Mar Highlands Shopping Center with Pardee Homes.

Mentors: Harry Collins and Jack Thornton, my only civilian bosses after the Navy.

Word that describes you: Tenacious.

TRUE CONFESSIONS

What you like best about your job: Creating ways in which to use difficult real estate sites and making them enjoyable to see and use.

What you like least about your job: Dealing with entitlements and the long government planning process.

Pet peeves: Ability for NIMBYs, or not in my backyards, to bring lawsuits with no risk to themselves but which cause project delays at much expense to the developer/owner and end users.

Most important lesson learned: Do not take on too much at one time.

Person most interested in meeting: Warren Buffett. I like the way it appears he has raised his son, and every time I go for a new loan in this new financing world the lender wants Mr. Buffett to sign the loan with me.

Three greatest passions: 1.) My work 2.) Driving around looking for new ideas and sites, then dining out with my wife. 3.) Bird hunting and golf.

First choice for a new career: I would like to know what I know and start over as a developer of quality shopping centers.

PREDILECTIONS

Favorite quote: “Real estate is like surfing. You paddle out and wait and wait for the right wave, then you paddle like hell to get on it.” — Pike Hodge of Hodge Bros. Dairies, 1972.

Most influential book: The Holy Bible.

Favorite status symbol: My hunting trucks.

Favorite restaurant: Old — Whaling Bar & Grill at the La Valencia Hotel. New — Alborz Restaurant at Del Mar Heights Village.

Favorite place for business meetings: The Inn at Rancho Santa Fe.

Favorite vacation spot: Alberta, Canada.

Favorite way to spend time: Dining out and looking for new development sites with my wife.