We caught up with Laura Clyde following her recent promotion to Portfolio Manager in Santa Clara, CA— below is our conversation:
PSB: Laura, tell us a bit about yourself and your role at PS Business Parks (PSB).
Laura: I’m originally from San Diego and moved to the Bay Area in 2013. Before working with PSB, I began my career in Real Estate flipping houses and working in residential sales until I moved into CRE in 2006. I was recently provided the opportunity of portfolio manager for Team NorCal, serving the operations team throughout the 7.4 million RSF of office, flex, and industrial in the greater Bay Area.
PSB: What drew you to your first position at PS Business Parks? And how has your position changed since?
Laura: I was drawn to PSB by the people. I wanted to work in an environment where I would have the opportunity to grow and learn, yet still have the stability of a publicly traded company.
PSB: How has PSB helped your career development?
Laura: I started with PSB back in 2015 as a property manager serving on the Peninsula portfolio, covering San Mateo and South San Francisco, where I managed a portfolio that consisted of approximately half a million rentable square feet and about 400 customers; most of which were full-service office. I was given the opportunity to participate in an ongoing repositioning of an eight-building campus and during that time I was exposed to the challenges that come with repositioning an occupied park while completing various capital improvements and eventually, stabilizing the asset. When the opening came for a property manager in the South Bay in 2018, I jumped on the opportunity, as I wanted to expand my knowledge by being exposed to different product types and the challenges that come with it. I started on a portfolio of approximately one million rentable square feet and ±300 customers; most of which being NNN flex and industrial users. Shortly thereafter, I took on more properties in the Fremont/Milpitas area. In December of 2019, we were very excited to close on the new acquisition of San Tomas Business Centre and I was given the opportunity to work on the repositioning of the nine-building full service and flex office park. Today, I work with the entire operations team together with the regional vice president of leasing and the divisional vice president in the day to day operations, finance, and capital projects throughout the division.
PSB: Have you had any mentors at PSB? If so, how have they impacted your career?
Laura: At PSB I have been given the opportunity to work with the most intelligent, driven, humble, and dedicated individuals who have expertise in various fields including operations, construction, acquisitions, finance, leasing, and legal. The open door policy at PSB and the availability of these individuals has helped me become very diversified in my skillset, providing me a more holistic view of the business. PSB is unique in that you are not just another number in the system; everyone knows everyone, from the CEO to the maintenance engineers. If you want to grow and develop and are willing to put in the work, PSB will help you along your journey. I have to say while I’ve had many coaches and mentors in my time here with PSB, Eddie Ruiz, who is our vice president of facilities, has been a mentor for me since my first days here. He not only helped me through the repositioning of properties and complex capital jobs, but he has helped me on my journey in my education. He went as far as being there for me in course selection and at times helped me understand some of my coursework. The mentorship and coaching I have received has opened numerous doors for me.
PSB: What’s the best advice you can give someone who just started their career?
Laura: If you are just beginning your career in CRE, and you are not sure what area of the business you want to specialize in, PSB is a wonderful place to not only begin your journey, but a place where you can build your skills and make a lifelong career for yourself.