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Crow’s Nest San Diego purchased by yacht brokers Eric Pearson, Michael Selter
SAN DIEGO — Yacht brokers Eric Pearson and Michael Selter have purchased Crow’s Nest Yachts, it was announced in mid-November.
Crow’s Nest, located at San Diego’s Shelter Island, will reportedly focus on upgraded personal service and “fit and finish” operations, according to a released statement. The yacht sales brokerage launched in 1975 and offered its customers a variety of sportfishers, recreational vessels and luxury yachts sized from 40 to 150 feet.
Pearson and Selter plan to contemporize all business operations as well as brighten the firm’s 1,650-square foot offices, enhance exterior signage, and fully outfit its privately owned 23-vessel capacity sales marina, the released statement continued.
Pearson began his yacht broker career at Crow’s Nest more than a decade ago. He spent the last 12 years as a broker at Fraser Yachts. His father founded Pearson Fuel Dock, which is walking distance from Crow’s Nest.
Selter, meanwhile, was a yacht broker and brokerage owner affiliated with Fraser Yachts. He formerly owned and operated American Yachts, a full-serve brokerage with offices in Newport Beach and San Diego, which was located directly across the street from Crow’s Nest.
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Crow’s Nest brokerage has new owners
Crow’s Nest Yachts brokerage, based along San Diego’s Shelter Island, has been purchased by longtime yacht brokers Eric Pearson and Michael Selter in a co-executive partnership.
Crow’s Nest has been a part of the Shelter Island maritime district since its founding in 1975. It offers a variety of sportfishers, recreational vessels and luxury yachts ranging from 40 feet to more 150 feet.
A native San Diegan, Pearson began his yacht broker career at Crow’s Nest more than a decade ago. He then moved to Fraser, where he has been a successful broker for the past 12 years. His father, Ron, was the founder of Pearson Fuel Dock, a Shelter Island fixture that’s within walking distance of Crow’s Nest.
Like Pearson, Selter is a longtime yacht broker and brokerage owner who was affiliated with Fraser, first in San Diego and most recently in Fort Lauderdale. He formerly owned and operated American Yachts, a full-service brokerage with offices in Newport Beach and San Diego, which was located across the street from Crow’s Nest.
“We love what we do and we’re excited to have this opportunity to take the Crow’s Nest tradition of excellence to the highest levels,” Selter said. “Together, we will strive to maintain the highest ethical standards along with cultivating a fun, friendly, professional environment for our brokers and our clients.”
Pearson and Selter plan to contemporize all business operations, brighten the firm’s 1,650-square-foot offices, enhance exterior signage, and fully outfit its privately owned 23- vessel marina, according to a company statement.
“We’re convinced this is the right time and the right property for us to undertake this exciting endeavor,” Pearson said.
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Three superyacht brokers join Fraser Yachts San Diego
Wen-Dee Cote at Fraser Yachts is keen that I broadcast the news of three brokers joining the team in the San Diego office and sends potted biographies and pictures.
First off, there's Michael Gardella, a native of San Diego who started his career in the commercial tuna industry. After leaving the industry in 1977, he opened a branch offfice on Shelter Island for another brokerage house and became the company's top salesman for many years running. After 32 years there Michael made the decision to join Fraser Yachts.
Eric Pearson, another San Diego native, has spent his life in yachting, helping his family run their high profile Shelter Island fuelling facility before embarking on a career as crew on a number of vessels from commercial tugs to superyachts. It was his experience in the yachting industry and technical expertise that led to an offer to join Fraser Yachts.
Finally, the third broker is Dave Stauffer with an interesting history. After graduating from college with a degree in aerospace science he was an engineering team leader on the development of the B-2 Stealth bomber. Leaving the industry, he formed a franchised real estate company and his team became one of the top producing units in the USA. Joining Fraser Yachts gives Dave the opportunity to combine his passion for yachting with his sales experience.
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Crow’s Nest Yachts’ San Diego Renovation
Crow’s Nest Yachts has announced that the renovation of their San Diego location is complete and is now open for transactions. Crow’s Nest Yacht’s San Diego, purchased by Eric Pearson and Michael Selter in December 2017, was in need of a remodel. The Polynesian-inspired exterior and interior have been refurbished and a modern décor fills the1,650 square-foot office space. Their private, 23-vessel sales marina has been upgraded and a repaved parking area leads to the front door.
“We wanted our ‘fit and finish’ to reflect the style, elegance, and practicality of our yacht inventory and our own personal taste,” said Pearson in a press release. “Now we’re proud to announce that Crow’s Nest San Diego has been brought up to the highest contemporary standards, befitting our vision for the next iteration of this legacy brokerage.”
They’ve hit the ground running and have already completed four vessel sales, including a 120’ Sovereign. Crow’s Nest Yachts will be attending the San Diego International Boat Show June 7-10. Besides San Diego, Crow’s Nest Yachts’ franchise has two other waterfront locations, owned and operated separately, in Newport Beach and Seattle.
Evin Moore is an assistant editor at Northwest Yachting. He grew up in Redmond, Washington, graduated from UW, and looks to get on the water every chance he gets. Say hello at [email protected]
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