What Jerico Development does

Jerico Development, Inc. is a fourth-generation Southern California family-owned real estate development company headquartered at 461 W 6th St., Suite 300, San Pedro, California. The company operates three distinct business lines: (1) historic commercial office leasing in Downtown San Pedro through two mixed-use buildings — the Brown Brothers Building (3-story, office suites ranging 120-650 sq ft starting at $2.50/SF) and the John T. Gaffey Building (2-story, currently fully leased); (2) ground-up large-scale waterfront development led by West Harbor, a 42-acre dining, entertainment, and retail destination on the LA Waterfront co-developed with The Ratkovich Company and scheduled to open in 2026; and (3) legacy value-add historic rehabilitation holdings in Denver's LoDo and Lakewood neighborhoods dating to the early 1980s. The Johnson family (including Alan and Eric Johnson) leads operations.

The business generates revenue primarily through recurring monthly office rental income from small historic buildings and one-time proceeds from ground-up development and historic property repositioning. Pricing is disclosed for office suites ($2.50/SF starting) but not for West Harbor commercial spaces. The go-to-market motion is enterprise/direct field sales targeting commercial tenants for historic office space and major dining, entertainment, and retail operators for the waterfront project. Marketing is conducted through the company website, earned media coverage in outlets including California Post, CoStar, Easy Reader News, and the Daily Breeze, and direct outreach via phone (310-519-9500) and email.

Jerico positions itself as a community-focused developer rather than an institutional or venture-backed firm. The company is a founding member of the San Pedro PBID, partners with the Chamber of Commerce, and the founding family established the Crail-Johnson Foundation in 1988 for philanthropic activity. With 1-10 employees, no disclosed funding rounds, no parent company, and no institutional investment partners, Jerico operates as a small, privately held, family-controlled entity whose strategic significance hinges on the scale-up of West Harbor in 2026 and its ability to serve World Cup and Olympic-era visitor traffic to the LA Waterfront.

Name

Jerico Development

Legal name

Jerico Development, Inc.

Website

https://jerico-development.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1–10 employees

Short description

Jerico Development is a fourth-generation Southern California family-owned real estate developer operating historic office buildings in Downtown San Pedro and co-developing the 42-acre West Harbor waterfront dining, entertainment, and retail destination opening in 2026 with The Ratkovich Company.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Rental and Leasing Services (532), Real Estate Property Managers (53131), Lessors of Real Estate (5311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Retail & Mixed-Use Commercial Construction (IMAFACAB)

akta.pro secondary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Commercial real estate development
• Historic property preservation
• Office space leasing
• Waterfront development
• Mixed-use property investment

Headquarters

HQ city

San Pedro

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Commercial Office Leasing: Leasing of historic office space in Downtown San Pedro buildings including the Brown Brothers Building and John T. Gaffey Building. Revenue generated from monthly rental income from office suites ranging 120-650 square feet.
2. Waterfront Development: Ground-up development of large-scale mixed-use waterfront projects. West Harbor is a 42-acre waterfront dining, entertainment, and retail destination developed in partnership with The Ratkovich Company, opening in 2026.
3. Property Investment and Value-Add: Investment in historic properties for renovation and repositioning. Jerico began investing in Denver's LoDo and Lakewood neighborhoods in the early 1980s with value-add historic rehabs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Jerico Development is a fourth-generation Southern California family real estate firm that owns, leases, and develops commercial and mixed-use properties, with a portfolio anchored by the Brown Brothers Building and John T. Gaffey Building in Downtown San Pedro and the 42-acre West Harbor waterfront dining, entertainment, and retail destination. The company generates revenue by leasing historic office suites to commercial tenants and by developing and repositioning large-scale waterfront and historic assets, including value-add rehabs in Denver's LoDo and Lakewood neighborhoods.

Product overview

Jerico Development is a multi-generational Southern California family business focused on real estate development, historic property preservation, and waterfront development. The company's portfolio consists of distinct property categories: (1) West Harbor - a 42-acre ground-up waterfront entertainment destination in San Pedro developed in partnership with The Ratkovich Company; (2) San Pedro historic commercial properties including the Brown Brothers Building (3-story mixed-use) and John T. Gaffey Building (2-story mixed-use), both offering flexible office suites; and (3) Denver properties in LoDo and Lakewood neighborhoods. The company also manages responsive local property and provides community investment through partnerships with San Pedro PBID and the Chamber of Commerce.

Differentiator

Problem solved

Functional benefit

Products and services

• West Harbor A 42-acre ground-up waterfront dining, entertainment, and retail destination on the LA Waterfront in San Pedro, co-developed with The Ratkovich Company and scheduled to open in 2026. Target tenants include major dining, entertainment, and retail operators.
• Brown Brothers Building Office Suites A 3-story mixed-use historic building across from the Warner Grand Theater in Downtown San Pedro offering office suites of 120–650 square feet with flexible sizing, public parking to the south, and starting rent of $2.50/SF for commercial tenants.
• John T. Gaffey Building Office Suites A 2-story mixed-use historic building in San Pedro with elegant historic details, offering a range of office suite configurations that can be combined based on tenant needs, with affordable public parking located directly to the west. Currently fully leased.
• Denver Value-Add Historic Properties Historic rehabilitation and value-add repositioning investments in Denver's LoDo and Lakewood neighborhoods, initiated by the Johnson family in the early 1980s and held as part of Jerico's investment portfolio.

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• Crail-Johnson FoundationminorOthers · 1 January 1988The family behind Jerico Development founded the Crail-Johnson Foundation in 1988, demonstrating long-term community commitment through philanthropy.
• The Ratkovich CompanycoreStrategic or Co-development PartnerPartnership with The Ratkovich Company for the development of West Harbor, a 42-acre waterfront dining, entertainment, and retail destination on the LA Waterfront in San Pedro. Opening planned for 2026.
• San Pedro PBIDcoreStrategic or Co-development PartnerJerico Development is a founding member of the San Pedro Property-Based Business Improvement District (PBID), working collaboratively on the revitalization of Downtown San Pedro.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• The Ratkovich Company: Los Angeles-based commercial real estate developer and co-development partner with Jerico on West Harbor. Directly comparable as a mixed-use and adaptive-reuse developer active in Downtown LA and the San Pedro waterfront.
• Hackman Capital Partners: Industrial and creative-office developer specializing in value-add and historic redevelopment across major US markets. Comparable to Jerico's historic-rehab and repositioning playbook, though at larger scale and primarily industrial.
• LBA Realty: Southern California-based commercial real estate investment and management firm focused on office, industrial, and mixed-use properties in infill locations. Closely comparable to Jerico's small-format office leasing activity in Downtown San Pedro.

Regional players

• IDS Real Estate Group: Long-tenured Southern California owner-operator of office and mixed-use commercial properties. Comparable as a regional landlord focused on stabilized, smaller-footprint office assets similar to Jerico's Brown Brothers and John T. Gaffey buildings.
• J.H. Snyder Company: Los Angeles-based family-owned real estate developer with a long history in office, multifamily, and mixed-use development across Southern California. Closely comparable as a multi-generational family developer with community-rooted operations similar to Jerico.

Broad incumbents

• Trammell Crow Company: Large national commercial real estate developer covering office, industrial, retail, and mixed-use projects. Comparable in mixed-use ground-up development capability, though at significantly greater scale than Jerico.
• Tishman Speyer: Global real estate developer and investor with a portfolio spanning mixed-use, office, and waterfront projects. Comparable in mixed-use destination development such as West Harbor, though at far greater scale and with institutional capital backing.
• Brookfield Properties: Major global real estate operator and developer of office, retail, and mixed-use assets including waterfront destinations. Overlaps with Jerico's mixed-use development and historic-preservation real estate strategy.
• Bedrock (Gilbert): Detroit-based large-scale mixed-use and historic-redevelopment firm that has transformed a historic district into a dining, entertainment, and office hub. Comparable thesis to Jerico's historic-revitalization and destination-development model in San Pedro.

Emerging players

• Sterling Bay: Chicago-based developer of large-scale mixed-use and waterfront redevelopment projects. Comparable in repositioning urban waterfront districts into dining, entertainment, and retail destinations, similar to Jerico's West Harbor thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/jericodevelopmentinc
• LinkedInlinkedin.com/company/jericodevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jerico Development