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 September 11, 2008 - ISSUE #71 |
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On this day filled with commemorations and moments of silence and the dedication of what seems to be a beautiful, thoughtful, and emotional memorial at the Pentagon, it is understandably difficult to focus on the day-to-day business. You hear the names, you see the ceremonies, you watch the families of victims and…bam, you are brought right back to seven years ago. Even if the news shows, for some reason, show barely any footage from that day, if you are like us, the feelings and emotions of 9/11 consume you again. Imagine being a family member or friend directly affected…we can’t.
But, eventually, we do have to try and get back to our lives and our tasks at hand, and for our RENTV viewers that means keeping up with the latest news from the commercial real estate industry. Keeping informed about the latest deals, developments and industry trends continues to be an important part of your job, and that's where RENTV can help.
That's because for 10 years RENTV has been one of the leading sources of industry news for commercial real estate professionals throughout California and the Western US. And with our recent expansion into OR, WA, NV, AZ, NM, and UT, we cover more news than ever before. To give you a better idea, here are some of the latest articles just posted to the RENTV web site:
• Maguire Sells Off Two Prize OC Office Properties
Hudson Capital picks up City Plaza; Shorenstein acquires Main Plaza
• Passco Pays $12.5 Mil for Palm Desert Retail Development Project
Washington Square includes 17k sf Rite Aid along with land and site improvements
• CT Realty Acquires $33.5 Mil Res Loan Portfolio in Western US
Venture with Fasthold Capital to implement workout strategy for single-family assets
• KBS Closes $41 Mil Office/Flex Buy in Bothell, WA
Firm purchases 206k sf North Creek Parkway Center
• GSA Inks $7 Mil Office Lease at Phoenix Gateway Center
20k sf space to be used by the Transportation Security Administration
You'll find these and many more recent headlines listed below in this newsletter with links to the complete, and FREE, articles on the RENTV web site.
RENTV can also help you market your business directly to the commercial real estate decision makers you want to reach throughout the Western US with our inexpensive and easy-to-use classified sections. These include:
• An automated Job Opportunities section where you can advertise job listings for your company to thousands of qualified prospects on the West Coast
• A Property Listings section, where you can post an attractive, in-depth listing about any property for sale, exposing it to thousands of potential investors
• A Real Estate Services Directory, where you can run a basic listing for free, or a more in-depth profile about your company for a nominal fee
And don't forget that in the top right corner of the RENTV site you'll find an easy-to-use query box for Sublease.com, "The Small Space Marketplace". The site is an extremely easy way to list and find smaller office, industrial and retail spaces for lease or sublease anywhere across the country. It's totally free for prospects to search for listings, without any log-in or registration needed. And placing a listing is just as easy, with extremely low monthly rates.
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TABLE OF CONTENTS
1. Upcoming Industry Events
2. Home Page News Headlines
3. SPONSOR: Property & Portfolio Research
4. Southern California Headlines
5. SPONSOR: Reznick Group
6. Northern California Headlines
7. List Your Business for FREE in New RENTV Directory!
8. Multifamily News Headlines
9. SPONSOR: City of Riverside, CA
10. Retail Page Headlines
11. SPONSOR: Highland Realty Capital
12. More News Headlines
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| Upcoming Industry Events |
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CMBA's 11th Annual Western States CREF Conference -- Sep 14-16
Sign up now for CMBA’s 11th Annual Western States Commercial Real Estate Finance Conference
September 14-16, 2008 at our new location – the fabulous Wynn Las Vegas!
Don’t miss great networking opportunities, and cutting-edge panels, including Mary Ludgin of Heitman Capital’s annual Western States Outlook, an international view of U.S. capital markets, and breakout sessions on retail, industrial and office property.
We’ll also get an insider’s view of Washington and the presidential race from our keynote speaker, Tony Blankley, a frequent panelist on The McLaughlin Group, former editorials editor of The Washington Times, and executive at Edelman. Mr. Blankley has lived the Washington scene for decades, including working for President Reagan and Speaker of the House Newt Gingrich. With the election less than 60 days after the conference, his outlook on the race will be a ‘can’t-miss’ event!
Go to www.CMBA.com now to sign up!
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Cruisin' for a Cure -- September 27
Car fans and anyone looking for a fun family outing won't want to miss Cuisin' For A Cure, the nation's largest one-day car show, which features over 4,000 hot rods, muscle cars, rare classic cars and trucks, a 1 1/2 mile “cruise course,” more than 200 automotive and food vendors, live entertainment, a Hot Wheels racing track for kids and much more.
Held on Saturday, September 27, from 7 am to 6 pm at the OC Fair & Event Center in Costa Mesa, the event also raises awareness about prostate cancer, provides free PSA prostate cancer screening tests for men over 40, and raises money for prostate cancer research at UCLA's Jonsson Comprehensive Cancer Center. To date more than 5,200 men have been tested at the "save-your-life" car show, many of whom received a “see your doctor” notification.
Tickets are just $12 per person, and children under 12 are free! The OC Fair & Event Center is located at 88 Fair Drive, Costa Mesa, CA 92626. For information on Cruisin' For A Cure, please call (714) 803-9216 or visit www.cruisinforacure.com.
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Apartments 2008, October 2nd, Westin Bonaventure
In the most unsettled commercial real estate market seen in over a decade, it's never been more important to be informed, and information and networking opportunities will be available in spades at Apartments 2008, the most important multifamily industry event to be held this year, taking place Thursday, October 2nd at the Westin Bonaventure in downtown Los Angeles.
In upside-down markets when confusion reigns it is the most strategic thinkers that separate themselves from the pack, and the best way to gain the insights you need to navigate today's uncharted waters are from hearing more than 70 industry leading speakers and bouncing ideas and opinions off of them and your colleagues in the industry throughout the day long event.
Preston Butcher, Connie Moore, Tom Bannon, Ethan Penner, Harvey Green, Al Brooks, Geoff Stack, Heidi McKibben, Bob Hart and Ron Zuzack are just some of the 70 + high-level industry figures who will be speaking at Apartments 2008. Make your plans now to attend!! www.realshareconferences.com/apartments08
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How to Take Your Commercial Real Estate Business to the Next Level
October 20 & 21, 2008
Only in Las Vegas.
Top Dogs presents:
"How to Take Your Commercial Real Estate Business to the Next Level"
A Live Training Event
Are you like so many commercial real estate professionals, working hard and not earning enough money! Have you hit a production plateau? Do you have a strong desire to break through to the next level? Do you need down to earth, practical advice on how to improve your income?
If so, we’d like to share with you the techniques and strategies of top brokers who are earning much more than the industry average. Interestingly, they don’t work harder; they are simply more effective in their daily practices.
At our Top Dogs workshop entitled “How to Take Your Commercial Real Estate Business to the Next Level”, we'll share with you proven strategies for consistently earning bigger commissions. There is a better way to organize your practice and we feel it is our mission to help you to master it.
If you know about the Top Dogs Programs, you know that most are on DVD’s with comprehensive training manuals. Seating is strictly limited to create a true workshop environment. And we’re offering a few early birds a tasty discount on the enrollment. This year we’ve included a special kick-off session entitled “The Four Keys to Thriving in a Slow Market”.
The workshop is being held on October 20/21 at the Hampton Inn Tropicana in Las Vegas. The event runs from 8:00 AM until 5:00 PM each day. For more information about the workshop and testimonials from our seminar clients, please go to: http://www.crenextlevel.com/ or visit http://www.tdogs.com for our other programs.
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CREW LA'S 22nd Annual Wine Tasting & Charity Auction at UCLA
Don't miss this chance to network and support a great cause. Taste amazing California wines, eat great food, and maybe even win a priceless piece of art or exciting get-a-way!
All proceeds to benefit the CREW-LA Ziman Center Fellowship Endowment Fund.
Date: Thursday, October 23, 2008
Time: 6:00 p.m. to 9:00 p.m.
Location: Covel Commons , UCLA Campus
Per Person Pricing
Members: $85
Non-Members: $95
Tables of Ten: $800
Sponsorship Opportunities are still available! Contact:
Tori Robinson: trobinson@ortc.com/(818) 543-6528
Want to donate an item? Contact:
Corina Panlilio:
corina.panlilio@grubb-ellis.com/(213)
596-2294
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| Home Page News Headlines |
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| 9/9/08 - Draftsmen & Craftsmen |
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| SPONSOR: Property & Portfolio Research |
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PPR Portal - Building Insights
The PPR Portal is a delivery platform for research, analytics, and point data surrounding a specific address and property type. Information is organized around clearly defined tabs, for ease of access. The information is presented in written, table data, graphic, and map formats, and can easily be downloaded and printed. Click here to view a demo of the Portal.
As the leading provider of independent real estate research and strategic advisory services to the institutional real estate community in the United States, PPR provides clients with expertise in real estate market analysis, real estate portfolio analysis, mortgage risk analysis, and the design of productive real estate investment strategies. PPR’s clients include commercial banks, insurance companies, Wall Street firms, rating agencies, pension funds, investment advisors, REITs, and private investors.
For more information about PPR email sales@ppr.info or call 617-426-4446.
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| Southern California Headlines |
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| 9/11/08 - Maguire's OC Sales |
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SOCAL PRO MOVES: The Latest Moves, Promotions and Accolades for Real Estate Professionals
9/08/08 - The most recent Pro Moves added to this column include: David Padilla, Megan Miller, Tyler Kellogg, Rob Sherman, Martin Pupil, Allen Chitayat, Terry Bortnick, Roger Sinsiman, Frank Chang, John O'Neil, Karen Dry, Dan Spiegel, Corey Davidson, Douglas G. Baily, Robert Del'Ve, Jeff Mayer, Aleks Trifunovic, Jeff Benson, Matthew Friedman, Matthew Ziegler, Raymond Choi, Alvin Mansour, Ben Tashakorian, Benjamin J. Rosenberg and Andy Huggett
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| SPONSOR: Reznick Group |
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Reznick Group Offers a Broad Range of Sophisticated Financial Skill Sets for Institutional Real Estate Companies
Reznick Group’s Commercial Real Estate Practice manages complex, high profile engagements for institutional commercial real estate buyers, sellers, owners, developers and investors. Our clients turn to us for a broad range of sophisticated financial skill sets and precise, closely coordinated teamwork. Our group is comprised of thought leaders who understand the broadest range of accounting, tax and business issues across all sectors of the commercial real estate industry.
Our strong knowledge and extensive network of resources make us more than an accounting firm. With over 30 years of experience providing accounting, tax and business advisory services to clients worldwide, Reznick Group brings highly focused experience in real estate to institutional clients including public and private real estate companies, private equity funds, pension funds investing in real estate, commercial and residential property owners and operators, REITs, hotels and resorts, real estate developers, land developers and homebuilders. Our experience and knowledge enable us to provide strategic guidance to our clients while consistently delivering a high quality product in a timely and efficient manner.
Reznick Group’s unique, comprehensive approach to every engagement is to bring the full range of our experience and resources, providing more than just technical capabilities, schedules and timeframes. Our mission is to provide our clients with not only the professional services required from a full-service accounting firm, but to also offer innovative solutions to their most demanding business challenges. From concept through implementation, we invest our focused energies into providing keen insights, proven, success-oriented strategies and close personal service. Moreover, we have built an industry-leading reputation for delivering our final product within the clients’ requisite time frames.
As the 16th largest accounting firm in the nation, Reznick Group is a viable, demonstrably proven alternative to the Big Four. As such, we offer the technical knowledge, sizable resources and in-depth infrastructure of a national firm, but at reasonable fee levels, utilizing senior-level engagement teams who provide clients with the personal service they deserve and have come to expect.
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| Northern California Headlines |
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| 9/5/08 - Oakland City Center |
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NoCal Activity Review
9/09/08 - Sunnyvale office space to Become leased; Union City adds Welcomes Market
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NOCAL PRO MOVES: The Latest Moves, Promotions and Accolades for Real Estate Professionals
9/03/08 - The most recent Pro Moves added to this column include Greg Knoell, Bill Govan, Jamie D’Alessandro, Scott Kilpatrick, Jacob Levy, Kirk Trammell, David J. Dematteis, Stephen Newhauser, Steven Seligman, Mark Melbye, Joe Cammarata, Amy Sims, Shaun Morrow, W. Calvin Meeder, John Olenchalk, Steve Golubchik, Rico Cheung and Erik Corrigan
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| List Your Business for FREE in New RENTV Directory! |
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Just 30 Seconds to Create Your Service Provider Listing
For those of you who've not yet explored the new RENTV web site, you may not have noticed that we've created a useful resource section called Service Providers. You'll find it listed under R. E. Marketplace in the gray navigation column on the left side of the site. Once there, you'll see that there are over 30 categories of commercial real estate-related services, from accounting to window supply/services. Most likely, you'll find the right category for your business.
At the top of the page, you'll see a link to create a listing, and when you click on it you'll notice that there are two choices. One of the choices is a "standard" listing that is completely free. Just fill it out and your listing will be included in our directory, at no charge whatsoever.
Of course, for those of you who really want to take advantage of our targeted audience of real estate pros, we also offer a "premium" listing for just $149 for six months or $249 for an entire year. This expanded listing allows you to include a brief write-up about your services and industry expertise, and it also gives you the ability to add a picture/logo, a website link and an email link. It's hard to imagine anywhere else that you can get a large, interactive ad like this in front of the decision makers you want to reach for around $20/month!
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| Multifamily News Headlines |
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| 9/3/08 - $71 Mil Apartment Sale |
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| SPONSOR: City of Riverside, CA |
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City of Riverside, California leads state in job growth
Despite bleary economic forecasts nationwide, the City of Riverside continues to top national economists’ lists for job and employment growth due to its diverse industry base and burgeoning high technology and research corridor. Through economic development initiatives to strengthen its leadership as a job center, Riverside now boasts more jobs than its resident and employment base, proving to be a hub for economic and commercial activity.
Riverside recently made Forbes Magazine’s list of ‘Best Cities for Jobs,’ for its five-year annualized job growth at 4.3 percent and its strong job and income growth. The report also stated that Riverside will continue to have job prospects even during the nation’s recession and was the only city from California to make the top ten list.
The nation’s foremost real estate valuation and counseling firm, Integra Realty Advisors, also touts the growth potential in Riverside. It ranked Riverside #1 for both overall annual growth percentage and total employment growth in its 2008 IRR Viewpoint. The report also predicts Riverside to realize the greatest percentage of growth over the next five years.
“We are a diverse market with different opportunities,” said Tricia Hinckley, Economic Development Manager, City of Riverside. “We strive to create a quality business environment for our workforce, by creating opportunities for upward mobility and building partnerships with our Universities and local businesses.”
For more information about the advantages of doing business in the City of Riverside, please check out our website at www.riversideca.gov or contact us at devdept@riversideca.gov.
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| Retail Page Headlines |
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| 9/8/08 - Fresno Rite Aid |
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Retail Deal Update
8/27/08 - Cooper-Pacific renews showroom space at Pacific Design Center; Big 5 takes 10k sf at new Atwater center
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| SPONSOR: Highland Realty Capital |
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Highland Realty Capital Finances All Property Types
Highland Realty Capital, Inc. ("HRC") is one of California's leading commercial real estate finance firms with offices in Los Angeles and San Francisco. As a professional advocate for real estate owners and developers, the firm adds significant value for its clients through its depth of experience, longstanding capital relationships, and distinctive talents for structuring and closing fixed and floating rate loans, construction loans, bridge financing, mezzanine debt and equity.
HRC finances all property types including office, multifamily, residential subdivisions, retail, industrial, and hospitality. Please visit our website at www.highlandrc.com to view representative transactions.
Please do not hesitate to contact us if we can assist with any financing requirements, or answer questions regarding current capital market conditions at 310-607-9240 or 415-733-0050.
Los Angeles Principals- Brad Sevier and Mike Guterman
San Francisco Principals- John Manning and Jeff Eliason
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