GVD Commercial Properties is a privately held real estate development, investment, and management company founded in 1974 by Gerald V. Dicker. Headquartered in Orange, California with additional offices in Spokane, Washington, the firm operates a portfolio of shopping centers, hotels, restaurants, event centers, and industrial developments across 18 states. The company pioneered "power center" development in the 1980s by combining large-format retailers such as Costco, Home Depot, and IKEA with restaurants and smaller retail tenants. GVD's investment approach focuses on acquiring under-utilized commercial properties with growth potential through strategic management, renovation, and redevelopment, targeting acquisitions ranging from $2 million to $50 million. The firm was among the first to partner with community redevelopment agencies to revitalize outdated shopping centers, including the 95-acre Plaza at Puente Hills and the 40-acre Fullerton Town Center, both located in Southern California. Many of GVD's properties are owned debt-free, generating cash flow for reinvestment and property enhancements.