REALTOR® Jeannine Savory with The Savory Group, affiliated with Coldwell Banker West (CBW), was recently honored by the Greater San Diego Association of REALTORS® (GSDAR) with three Award of Excellent honors at GSDAR’s recent Circle of Excellence awards event.
Savory was honored with the Commercial Transaction of the Year award, a Recognition of Excellence Platinum award based on sales performance and a 40-Under-40 award.
Savory’s Commercial Transaction of the Year award recognized her success with closing the sale of the former Pernicano’s and Casa de Baffi Italian restaurants site in San Diego’s Hillcrest community. The iconic 25,000-square-foot building, on a roughly half-acre site at 3840 Sixth Ave., San Diego, had been abandoned since 1985. In October 2019, the landmark property was sold for $8.5 million to Carmel Partners of San Francisco.
At the event, Jen Schmidt, President of the Commercial Real Estate Alliance San Diego, presented the Commercial Transaction of the Year award to Savory.
Savory’s Platinum Award was based on individual sales success consisting of at least $50 million in volume or more than 40 units during the time period between Nov. 1, 2018 and Oct. 31, 2019.
Savory’s 40-Under-40 award honored GSDAR members who were under age 40 prior to Jan. 1, 2020, and are involved in community activities and GSDAR.
“I’m very honored and humbled to receive these awards,” said Savory. “I’m immensely proud of our team’s relentless commitment to excellence and delivering industry-leading service to our clients. We share these awards with our clients and partners and we’re grateful for their trust in us. I look forward to innovation, growth and providing quality results in the future.”
A native San Diegan, Savory grew up in the East County and graduated from Santana High School in Santee (class of 1998). She obtained her real estate license in 1999 while working full time at a general contracting firm and attending college at the Fashion Institute of Design and Merchandising (FIDM) in Los Angeles. She earned an associate of arts degree in Interior Design and Architectural Space Planning from FIDM.
In her real estate career, she has represented clients in land sales and acquisitions, subdivision services, existing single-family homes and condos, multi-family communities, commercial retail centers, industrial buildings and mid-rise office space transactions consisting of up to 65,000 square feet.
Savory is a resident of Downtown San Diego and has unsurpassed knowledge of the Downtown San Diego, beach communities and inland-area neighborhoods. San Diego Magazine has presented Savory with the “Best in Client Satisfaction” award for the past 12 years. The award is presented to the top 7 percent of real estate professionals in the marketplace.
In addition to GSDAR, she also is a member of the California Association of REALTORS® and the National Association of REALTORS®.
Savory said her work on the Pernicano’s property in Hillcrest has been one of the highlights thus far in her career.
“I am very gratified that I was selected by the family to represent them,” said Savory. “The family did their homework and interviewed 14 brokers. We were interviewed four times and we were ultimately chosen to represent the sales and marketing of the property.”
George Pernicano opened the restaurant facility in 1952 and closed it in 1985. It was frequently visited by celebrities and football athletes and was known for being one of the first Italian restaurants to bring pizza-by-the-slice to the West Coast. Pernicano, known for his handlebar mustache and minority ownerships of the San Diego Chargers professional football team, passed away in October 2016 at age 98.
Over the years, the property became an eyesore in the community. It was vandalized beyond what would be financially feasible to repair.
“Mr. Pernicao could not bring himself to sell. He was hanging onto the dream of one day being able to reopen it,” said Savory.
So, the property sat there. For 30 years.
“The Pernicano family wanted a buyer who would work with the community and local residents to create a beautiful development that would blend well with Hillcrest as a centerpiece of the community,” said Savory. “Within two weeks of being on the market, we received 10 full-priced offers. We researched the potential buyers on their capacities to take on such an important project for the community.”
Early in the sales process, the deal came close to failing when it was discovered that a proposed downzone was quietly taking place in the community. The Savory Group worked with a consultant, Urban Housing Partners, to form the Hillcrest Gateway Council, a group of infill experts. Over an 18-month period, a series of community meetings were held with community planning groups, city staff and nearby property owners. Some affected property owners were not aware of the proposed downzone.
As a result of support from local business owners and residents, the San Diego City Council denied the proposed downzone and approved Savory’s plan to maintain density and create a specific plan that would include road improvements.
“I have complete confidence the new owner will do an excellent job in revitalizing this urban San Diego property and add vibrant value that the community desires,” said Savory. Development of this property has been long anticipated by the community. Finally, the Pernicano family can put this large financially and emotional concern to rest.”
Coldwell Banker West (CBW), one of the San Diego County’s largest real estate companies with more than 1,000 sales agents and broker associates and 14 offices, is responsible for annual property sales exceeding $2.5 billion. Founded in 2007 by Peter Mendiola, CBW president, CBW is one of the nation’s fastest growing Coldwell Banker franchises. For more information about Coldwell Banker West, visit www.coldwellbankerwesthomes.com.