CalBay Development, LLC is a boutique real estate development firm founded with a mission to buy premium commercial properties in California and develop first class retail and restaurant projects with staying power.
The co‐founders’ collective shopping center industry experience spans 35 years in investment and development of commercial sites. Their collective acquisitions in California alone total +/‐ 325,000 square feet across +/‐ 30 projects, circa $175 million in project capitalization.
CalBay is the California affiliate of TradeCor, LLC, a development and investment firm based in Phoenix, AZ with a 15 year track record of retail property investments and project completions across the US Southwest and Southeast, and specializing in build to suits for first-in-class brand name retailers and restaurants.
Meet The Team
Leveraging local market knowledge, retailer relationships,
and development expertise to make strategic property acquisitions
Managing Partner & Co-Founder
Ryan Shea is Managing Partner and Co‐Founder of CalBay with a 10+ year track record in acquiring and developing retail properties in California. He directs day-to-day operations of Calbay and leads acquisition, disposition, development, leasing, and operations for the Company. In addition, Ryan directs the sourcing and managing of new and existing investor and lender relationships, as well as reporting.
Prior to co‐founding CalBay, Ryan worked at The Festival Companies (2007 – 2015), a leading shopping center development firm based in Los Angeles. He last served as Vice President of Investments and Acquisitions, where he directed the sourcing, acquisition and development of commercial sites and shopping centers throughout Southern California.
Prior to joining The Festival Companies, Ryan worked as a structural engineer, before completing his Master in Real Estate Development Program at USC in Los Angeles. He also holds a B.A. in Mechanical Engineering from University of Michigan‐Ann Arbor.
Ryan lives in Redondo Beach, CA and enjoys snowboarding, yoga, golf, beach volleyball, and all other beach activities.
Affiliations: International Council of Shopping Centers (ICSC), USC Lusk Center for Real Estate, Association of Commercial Real Estate (ACRE)
Partner & Co-Founder
Perry Mann is the Operating Partner and Co‐Founder at CalBay, focusing on strategic planning and advisory of company acquisitions, restaurant tenant relationships, and value‐add business plans. In addition, he sources new property and portfolio acquisitions with an emphasis on restaurant properties in California, Arizona, Texas and Florida.
Prior to co‐founding Calbay, Perry co‐founded Calbay’s sister company Tradecor, LLC (Phoenix, AZ) whose current primary focus is on acquisition and development of commercial properties throughout the US Southwest and Southeast regions, with a heavy emphasis on restaurant sites. Over the past 25 years with Tradecor and other affiliated ventures, Perry has acquired +/‐ 120 properties, and has completed build to suit projects for numerous household name brands such as Walgreens, Outback Steakhouse, The Habit Burger, Chick-fil-A, Applebee’s, Chipotle, PF Chang’s.
Perry has extensive experience in restaurant ownership, development and management, including the highly successful new restaurant brand: “Rock N Brews”, which is currently expanding in Southern California and throughout the Southwest and Southeast markets .
Prior to becoming an active principal investor and developer of commercial properties, Perry worked as a real estate broker in New Mexico and Arizona, during which he brokered +/‐ 100 transactions totaling +/‐ $125 million.
Perry lives in Manhattan Beach, CA and lives an active lifestyle that includes surfing, paddle boarding, skiing, and overall health and wellness.
Affiliations: International Council of Shopping Centers (ICSC) for over 25 years.
Britt has a 20+ year track record in acquiring and developing retail properties throughout the US Southwest. He currently serves as a Calbay partner focused on acquisitions, development and asset management. His current tenure with Tradecor and Calbay spans 15 years.
Prior to tenures with Calbay and Tradecor, Britt was a co-founder of RPM Enterprises, LLC which specialized in acquisitions and development for Walgreens. In addition, Brit worked at Steve Johnson Development, LLC where he was responsible for the acquisition and development of 88 Walgreens throughout the US Southwest.
Britt’s education includes: American Graduate School of International Management – Global Leadership Certificate Program New Mexico State University, New Mexico Military Institute - Bachelor of Business Administration with double major in Finance and Real Estate
Affiliations: International Council of Shopping Centers (ICSC)
Acquisitions & Development Associate
Shea Rouda is an Acquisitions & Development Associate at CalBay, complimenting the team’s property acquisition and development efforts. Prior to joining CalBay, Shea was an investment sales agent at CBRE’s Newport Beach Office, where he focused on the disposition of net-leased, single-tenant retail properties throughout the United States. Within his first year as a broker, Shea pioneered new outreach efforts enabling him to list over $30M in assets.
Before joining CBRE, Rouda was the CEO of a charity fundraising startup he built in college, where his company raised over $100,000 in investment and grants, worked with clients like the United Nations, and was pursued as an acquisition target by conglomerates like IAC (Match Group).
Shea graduated from The University of Southern California with a degree in Eastern Asian Languages and Cultures, and an emphasis in Mandarin (Chinese).
Financial Controller and Accounting
Overseeing all financial control and accounting, reporting, accounts
receivable and payable.
Former experience entirely within shopping center industry with Cole Capital/ARC, DeRito Partners and DTZ Brokerage
“We strive to make smart and strategic property acquisitions and develop great commercial projects. We prioritize long lasting broker and tenant relationships as the lifeblood of our business.”