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1/13/15
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Joseph Faulkner, senior vice president of Cresa Los Angeles, has been named the 2015 president and executive chair of AIR. The 54-year-old commercial real estate association is headquartered in Glendale with offices in Orange.
Faulkner has spent his entire career in commercial real estate, founding a firm with international partners in the 1980s and 1990s. Since then he has managed corporate services and brokerage divisions for several of the largest real estate companies in the world.
A nine-year veteran of AIR’s Board of Directors, Faulkner succeeds Jason Jamison, SIOR, president of Whittier-based GM Properties, and is the 47th president of the non-profit AIR.
Joining Faulkner on AIR’s executive committee are Joe Lin, Colliers International, Ontario, president-elect/long range planning; Louis Tomaselli, JLL, Irvine, vice president/MULTIPLE director, and Jeff Puffer, Delphi Business Properties, Inc., Van Nuys, secretary/treasurer/budget and finance.
Commenting on his enthusiasm upon heading AIR, Faulkner said: “As an office broker, now that AIR has partnered with Xceligent as its property data gathering resource, it’s a very exciting time for the association as it positions to make significant inroads into the office sector.”
Faulkner noted that Xceligent’s outstanding office data gathering is improving daily, and combines with AIR’s already unrivaled industrial real estate property information system.
Additionally, said Faulkner, during his term AIR will unveil a completely new software package for its standard commercial real estate forms which he said are already the best in the business. “This is a big deal,” Faulkner said. He explained that the new forms software will be more user friendly and readily capable of tracking changes, among other features.
Looking at the commercial real estate market for 2015, Faulkner said he sees a continuing moderate improvement in the economy, along with similar advances in both the industrial and office markets as compared to 2014. “In industrial, the challenge is supply shortage. Conversely, in the office arena, there’s plenty of space, but not always the right kind of space for the fast growing technology and entertainment sectors. Yet, these firms need to be in Greater Los Angeles and this bodes well for the future,” Faulkner said.
Long active in his profession, Faulkner is past president of the Los Angeles Headquarters Association, a member of the L.A. Commercial Real Estate Association, and a 20-year member and past L.A. Chapter president of the SIOR.
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