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James Bray, Director

James M. Bray, MAI, MRICS, CCIM


Valuation and Advisory Services

James M. Bray Director
Valuation and Advisory Services
San Diego UTC 4301 La Jolla Village Drive
Suite 3000
San Diego, CA 92122

Professional Experience

James M. Bray, MAI, MRICS, CCIM, is a Director in the Valuation and Advisory Services Group in the Southern California region, and is a team leader to our national Partial Interest Valuation Service group.  Mr. Bray has extensive experience in the commercial real estate industry. 

Mr. Bray’s appraisal and consulting assignments include large apartment complexes, industrial/R&D complexes, automotive/RV dealerships, private country clubs/daily fee golf courses, yacht clubs/health clubs, special use/religious facilities, high/mid-rise office and mixed-use developments.  In addition, Mr. Bray is registered on the Appraisal Institute’s SBA Going Concern Registry as a qualified appraiser for going concern valuations.

Mr. Bray is a qualified appraiser under IRS guidelines for the valuation of partial interests in real property held in limited partnerships, LLCs and as tenants in common.  Mr. Bray has completed numerous assignments involving partnership buyouts, estate planning and gift tax purposes, as well as California property tax appeals, fair market rent studies for rent disputes/arbitration and cost segregation studies for the reclassification of IRS depreciation schedules.

Over the span of his career, Mr. Bray has worked with a variety of financial institutions, government entities, private lenders, developers, private investors, CPAs, estate attorneys and corporate clients.  It is his goal to set the standard for maintaining the highest level of quality and integrity on all appraisal assignments. 


Professional Affiliations/Accreditations

  • Nationally ranked within VAS as #3 in 2017 and #4 in 2018
  • Designated Member of the Appraisal Institute (MAI), San Diego Chapter
  • Certified General Real Estate Appraiser, State of California License AG 039243
  • California Real Estate Broker, License No. 01403556
  • Certified Commercial Investment Member (CCIM), License No. 08983228
  • NAIOP Member


  • San Diego State University
    • Master of Arts, Economics
    • Bachelor of Arts, Economics, Minor in Finance

Significant Assignments

  • Rancho Bernardo Country Club, Rancho Bernardo
  • Del Mar Country Club, Rancho Santa Fe
  • StoneRidge Country Club, Poway
  • San Marcos Country Club, San Marcos
  • Eastlake Country Club, Chula Vista
  • The Tennis Club at Monarch Beach, Dana Point
  • Links at Victoria Golf Course, Carson
  • Avila Beach Resort Golf Course, Avila Beach
  • La Mesa RV, Miramar
  • Saddleback Medical Center, Laguna Hills
  • Cathedral City Marketplace, Cathedral City
  • Chino Hills Ford Dealership, Chino
  • Sycamore Parking Structure, Santa Ana
  • Robinson Ranch Golf Course, Santa Clarita
  • Talega Golf Course, San Clemente
  • Canyon Crest Golf Course, Riverside
  • Aliso Viejo Country Club, Aliso Viejo
  • Morgan Run Club & Resort Rancho, Santa Fe
  • Coto de Caza Golf & Resort, Coto de Caza
  • Shadowridge Country Club, Vista
  • Venture Commerce Center, Santee
  • Cuyamaca Commerce Center, El Cajon
  • Prospect Point Office Building, La Jolla
  • Orange County District Attorney Building, Santa Ana
  • Historic Santora Building, Santa Ana
  • Lido Mixed-use Retail and Residential, Santa Monica
  • Chase Knolls Apartments, Los Angeles
  • Aliso Creek Golf Course & Inn, Laguna Beach
  • Meadow Lake Golf Course, Escondido
  • Temecula Creek Inn & Golf Course, Temecula
  • Victoria Club Country Club, Riverside
  • Twin Oaks Golf Course, San Marcos
  • The Commons at Aliso Town Center, Aliso Viejo
  • Gateway Office Building, Chula Vista
  • The Green Dragon (1270 Prospect) La Jolla
  • Coast Walk (1298 Prospect) La Jolla
  • The MUSE (1020 Prospect), La Jolla
  • Prospect Point (1299 Prospect), La Jolla
  • Spreckels Theatre, San Diego
  • Orange County District Attorney, Santa Ana
  • One Broadway Plaza (Proposed High Rise), Santa Ana
  • Saddleback Medical Center, Laguna Hills
  • Pacific Ridge, Carlsbad
  • Champions of the West, San Diego
  • Regent at Palm Desert (512 units), 73373
  • Country Club Drive, Palm Desert
  • Circa 2020 (306 units), 27000 Lugonia Avenue, Riverside
  • Redlands Lawn & Tennis Club (496 units), 1400 Barton Road, Redlands
  • Christ Cathedral (Crystal Cathedral), Garden Grove
  • JSerra Private High School, San Juan Capistrano
  • Sierra Canyon Private School (K-12), Chatsworth 
  • Historic Santora Building, Santa Ana
  • Coto de Caza Golf & Resort, Coto de Caza
  • Del Mar Country Club, Rancho Santa Fe (San Diego)
  • Hoakalei Country Club, Ewa Beach (Hawaii)
  • The Bridges at Rancho Santa Fe, Rancho Santa Fe (San Diego)
  • Fairbanks Ranch Country Club, Rancho Santa Fe (San Diego)
  • Morgan Run Club & Resort, Rancho Santa Fe (San Diego)
  • San Diego Audi, Porsche & Land Rover Campus, San Diego
  • Newport Lexus, Newport Beach
  • Newport Beach Jaguar and Land Rover, Newport Beach
  • South Bay Porsche/Subaru, Hawthorne
  • Cadillac of Beverly Hills, Beverly Hills
  • Santa Monica Chevrolet, Santa Monica



  • American Honda Finance
  • Axios Bank of the Internet
  • Barger & Wolen LLP
  • BBCN Bank
  • Chino Commercial Bank
  • CIII Asset Management
  • City National Bank
  • Comerica Bank
  • Cox Castle Nicholson LLP
  • CWCapital Asset Management
  • First Enterprise Bank
  • First Foundation Bank
  • Hess & Hess Law Firm
  • Homnick, Voris & Kuhn, LLP
  • Manufactures Bank
  • MidFirst West
  • Mission Federal Credit Union
  • O'Hara CPAs
  • OneWest Bank
  • Port of San Diego
  • Provident Bank
  • RERC
  • San Diego Private Bank
  • Self Help Credit Union
  • Sun Community Bank
  • VW Credit
  • Western Alliance Bank


James M. Bray Director
Valuation and Advisory Services
San Diego UTC 4301 La Jolla Village Drive
Suite 3000
San Diego, CA 92122