A fourth-generation San Jose native, Don Imwalle was born and raised in the Bay Area, with a lifetime of exposure to retail development through his father’s 30-year career. As President of Imwalle Properties and its subsidiaries, Don has spent the past decade-plus steering the company through dynamic market cycles—from navigating the Great Recession to contributing to the resurgence of Downtown San Jose. Today, he’s focused on the opportunities emerging in the post-COVID landscape as retail and commercial real estate continue to evolve.
Imwalle Properties
Real Estate Development
50 years
100 projects
2 Million Square Feet
50 years
100 projects
2 Million Square Feet
Imwalle Properties
Commercial Property Management
Retail, Industrial, Office
Occupancy Driven
Hands On
Retail, Industrial, Office
Occupancy Driven
Hands On
Imwalle History
5 Generations in the Bay Area across 150 years.
From farming to development, we continue with Silicon Valley dirt under our finger nails.
We develop, lease and manage timeless Commercial Real Estate in the everchanging Silicon Valley landscape.
From farming to development, we continue with Silicon Valley dirt under our finger nails.
We develop, lease and manage timeless Commercial Real Estate in the everchanging Silicon Valley landscape.
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50Years in business
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100Projects completed
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2mmSquare feet delivered
Acquisition ATTENTION BROKERS!
“Bring us an idea, not a listing agreement. You’re protected!”
Make us your first call.
As recovering Brokers, we get it. We turn an answer FAST and explain our thinking so you know what to bring us next.
Always unrepresented. Always available. Always sell back through whoever brought it to us.
In constant pursuit of value add. Bring us your high risk most challenging deals that no one else wants.
Focus:
Development and value-added redevelopment
Project Size:
Land: 0.5 to 15 acres
5,000 to 200,000 square feet
$1,000,000-$40,000,000
Contact:
don@imwalledev.com
john@imwalledev.com
Development “Development is easy. Just don’t make any mistakes.”
You can’t control market cycles, but you can choose great sites and listen to your tenants. Disciplined selection and thoughtful, tenant-driven design keep momentum on your side.
We’re always scanning for what might go wrong—with a clear plan for making it right.
And through it all, we never forget our most important partner: the capital that believed in us to deliver.
Contact:
don@imwalledev.com
john@imwalledev.com
Leasing Leasing: That’s Where the Value Is
We love paying commissions—it means something got done.
Don and John are local, fast-moving decision-makers. No committees. No red tape. Time kills deals, and we don’t let that happen.
Imwalle Properties handles in-house leasing and proudly partners with outside brokers. As former brokers ourselves, we value your role and make sure you’re paid and protected.
Tenants: We work openly and creatively—whether you’re new or already with us. Reach out to explore current and future space opportunities.
Contact:
John Razumich
Property Management “We Manage with Logic, Not Just the Lease”
COVID proved it: we’re partners, not landlords. When challenges hit, we prioritized people—fighting to keep our tenants afloat and our centers vibrant. We believe vacancy is a cancer, and we act accordingly.
We believe well-maintained properties attract and retain strong tenants, creating a win-win for owners and occupants alike.
We use cloud-based accounting and management software for clear, easy reporting that helps control costs and grow income.
Imwalle Properties manages over 600,000 square feet of Bay Area commercial real estate across 20+ properties, including those for third-party owners.
Our property management division is led by Cheryl and Esmeralda, who bring over 30 years of experience and a sharp focus on responsive, high-quality service. Their stewardship delivers what matters most: enhanced property value, lower long-term costs, and thriving, low-vacancy investments.
| Contact:
Cheryl Deegan
Esmeralda Sema esmeralda@imwalledev.com |
Lenders “There’s no upside in commercial lending.”
We get it—and we deliver.
We’ve never missed a payment across hundreds of loans, and we never will. We sign personal guarantees and back them with performance.
When challenges arise, we communicate early—with solutions, not excuses.
We exist because of the trust lenders place in our diligence and execution. We don’t take that lightly.
John Razumich
Partner
John’s role includes overseeing leasing, acquisition, and construction activities. Before joining Imwalle, he gained experience as a Commercial Real Estate Agent at Pacifica Commercial Realty in Santa Barbara. He then returned to the Bay Area to lead Land Acquisitions for Sares Regis Group’s real estate development division. At Sares, John was responsible for underwriting, negotiating, due-diligence, feasibility analysis, and front-end entitlement work for multifamily infill rental and for-sale properties. Outside of work, John enjoys skiing, mountain biking, playing pickleball, and spending time with his two children.
Cheryl Deegan
Vice President Property Management
Cheryl is a highly experienced professional who has been a part of the Imwalle team for over 25 years. Her responsibilities are extensive, encompassing all aspects of property and tenant management, skillfully managing lender relationships, overseeing financial reporting, and capably handling office administration. Before bringing her talents to Imwalle, Cheryl built a strong foundation with over 20 years in the banking industry, primarily through her significant tenure with Comerica Bank, beginning with its roots as Plaza Bank of Commerce in San Jose. A dedicated and long-time resident, Cheryl truly calls San Jose home, currently residing in Willow Glen.
Esmeralda Sema
VP of Property Managment
Esmeralda joined Imwalle in 2025. Her responsibilities include lease administration and negotiation as well as managing a dozen retail commercial properties. Prior to Imwalle, Esmeralda worked for a concrete contractor where she negotiated construction contracts. She also worked for a national title insurance company closing and underwriting commercial real estate transactions. Esmeralda moved to the Bay Area four years ago from the East Coast where she graduated with a Law Degree from Suffolk University Law School.
Featured projects
Downtown Campbell
Contact us
Imwalle Properties
307 Orchard City Drive Suite 350
Campbell, California 95008
(408) 500-0662
Get in touch