Majestic Realty

Jul 1, 2022

Majestic Realty's Reon Roski, second from the left, with her family. As congestion mounts at major U.S. ports , leading to lengthy shipping delays and jockeying for land near the water , newly promoted Majestic Realty CEO Reon Roski is looking elsewhere for her company's next development play. Specifically, she's looking at land borders as a way to circumvent snarls at the ports. Majestic Realty has projects underway in San Diego ’s Otay Mesa and in Texas , especially in the border city of Laredo. “It really is a logistics play in that it is important to us to be near freeways, new airports , the movement of goods,” Roski said of her company's strategy for 2022 and beyond. Especially after the incredible snags in the supply chain that began during the first two years of the pandemic and continue today, Roski said she expects the demand for moving goods through Mexico and South America to increase . “We think there will be big growth between Mexico and America,” Roski told Bisnow. Otay Mesa is California’s busiest truck crossing and earlier this year a modernization project added more commercial lanes to the city’s border crossing between Mexico and California. Additional upgrades that will allow for more trucks to pass are underway now, the San Diego Union-Tribune reported in April. Texas officials announced earlier this year that a new interstate highway and trade corridor would be constructed from Laredo to Canada. About $139B in imports pass through the city every year. Twice, Laredo has briefly surpassed Los Angeles as the top port of entry for goods into the country. Roski says Texas as a whole is “a big growth opportunity” for the company. Majestic, which bills itself as the nation’s largest privately held development company, has also expanded its portfolio in Phoenix , where it has been active for years, and in Reno , which Roski noted is well-located at just a day’s drive from Los Angeles and Seattle. The company's national footprint totals 87M SF. Before her June promotion, Roski spent 25 years at Majestic, a company her grandfather founded. Trained as an attorney with extensive experience in real estate, Roski joined Majestic's board in 1997 and became senior counsel and a managing director in 2007. As the appetite for warehouses spreads across the U.S., Roski said that Majestic is only interested in adding new markets, not turning away from any. “We pretty much pick Class-A locations and markets,” Roski said. “Those have all been really good markets for us over the years and we are still looking for new development and new dirt to buy [there].”