• David Malcolm

    Based in San Diego, Mr. Malcolm is a community leader, businessman, and philanthropist

  • David Malcolm's Story

    David Malcolm is a real estate expert with over four decades of work experience. Since earning his real estate license while in high school, he has managed numerous complex real estate, development, and financial transactions. He earned his real estate broker's license in 1974 and later graduated from Harvard Business School's Presidents Program. Mr. Malcolm holds the highest professional commercial real estate designation, CCIM - Certified Commercial Investment Member, and is a Harvard Business School Lecturer.

    Based in San Diego, David Malcolm currently serves as President of Cal West Apartments, Inc. In 1978, he founded his first company, and from 1989 to 1997, he held exclusive rights to Rally's Hamburger stores in Los Angeles, Orange, and San Diego counties. As President, he managed more than 40 locations and over a thousand workers.

    Malcolm's formidable work ethic, exceptional leadership skills, and ability to recognize real estate opportunities that others don't and maximize their value sets him apart from other industry professionals.

    His track record as a successful businessman in San Diego is only matched by his commitment to the community's betterment. David Malcolm has held numerous municipal and statewide public offices and was the longest-serving California Coastal Commissioner in history.

  • Career

    After earning his real estate license while still in high school, David Malcolm earned his broker’s license two years later and never looked back. Over four decades, he built an enviable career in real estate, earning the highest commercial real estate designation (CCIM), and working in real estate sales, investment, management, and lending.


    In 1989, he acquired exclusive rights to build and manage Rally's Hamburger stores in Los Angeles, Orange, and San Diego counties. At its peak, David Malcolm managed more than 40 locations and over a thousand workers. He sold the rights for Los Angeles and Orange counties in 1994, and the rights for San Diego in 1997.


    Under his leadership, Cal West Apartments and its predecessor company have mapped thousands of lots, built thousands of homes and apartments, and provided financing for thousands of home buyers and commercial clients. From 2004 to 2020 alone, David Malcolm handled sales, acquisitions, management, and loan renegotiations totaling more than $4 billion.


    David Malcolm has served on numerous public and private organizations’ Boards of Directors. Public companies include Giant Group (NYSE), Aegis communications, (NASDAQ), ATC Communications (NASDAQ), and Payphone (AMEX).

  • Public Service

    David Malcolm has served in numerous local, regional, and state offices as one way of giving back to the communities that enabled him to realize personal success. He was a City of Chula Vista Councilmember for 10 years, a Port of San Diego Commissioner for seven years, the longest-serving California Coastal Commissioner over a period of 11 years, and the first-ever appointee to the California Judicial Performance Commission after its creation pursuant to a state ballot measure in 1994.


    Applying his expertise in complex real estate transactions, David Malcolm realized significant benefits to the public he served. During his tenure on the Chula Vista City Council, the City completed three land annexations. The first included Castle Park and Otay and was the largest annexation of inhabited land in California history. The City also annexed the unincorporated community of Montgomery. Finally, the land where the outdoor amphitheater was built and opened in 1998 was annexed from the City of San Diego.


    During David Malcolm’s term as Chair of the Board of Port Commissioners, the agency doubled the acreage of tidelands under public trust, the first and only time the tidelands were increased since the Port’s establishment in 1962.


    Today he will tell you that, “I do my public service in a private way.”

  • Community Service

    David Malcolm is passionate about giving his time, treasure, and talent where it is needed. He and his wife, Annie, particularly enjoy helping others in need and allowing people to turn their lives around.


    For 31 years, he served on the Board of Directors of St. Vincent de Paul Management (part of Father Joe’s Villages homeless services organization) and chaired the Board for [how long?]. David Malcolm also chaired Board 1 of the San Diego County Assessment Appeals Board and was one of only two Emeritus Members of the University of California, San Diego Board of Overseers (since renamed the Chancellor’s Community Advisory Board).


    David Malcolm has been a little league baseball coach, an AYSO soccer coach, and has personally driven cancer patients to appointments, delivered food for Meals on Wheels, and served food to the homeless.


    He has also served on the Boards of Directors of the American Cancer Society San Diego, Corky McMillin Center for Real Estate at San Diego State University, First International Bank of San Diego, People’s Bank, San Diego Regional Chamber of Commerce, San Diego Regional Economic Development Corp., Scripps Institution of Oceanography and South Bay Family YMCA.


    Currently, he is Chairman of the Lincoln Club of San Diego Political Action Committee and a member of the Board of Directors for San Diego Christian College.


    Building on his many involvements in the education sector, David Malcolm recently launched two scholarship programs. He funded the Community Scholars Initiative for 2021 through The San Diego Foundation and established his own scholarship initiative, the David Malcolm Scholarship.


    David Malcolm has acknowledged that his wealth will ultimately be limited because of his willingness to give his money away in order to make a difference. As just one example, he is a Chiefs 4-Star Alliance Sponsor of the Chula Vista Police Foundation.

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