'Cliff Note' Look at Market Eyes Big Turnout
Top
Story
| A signature “cliff note” representation of what has occurred and what is likely to occur in each commercial real estate submarket within the five-county Los Angeles Basin, is sparking an anticipated capacity turnout for AIR’s 15th Annual “Market Review & Forecast” dinner Wednesday, January 23 at the Jonathan Town Club in
downtown Los Angeles. The Jonathan Club is located at 545 S. Figueroa St.
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The annual “Review & Forecast” begins at 5 p.m. with cocktails and registration. Dinner and program follow at 6:30 p.m. Cost is $80 for AIR members; $100 for non-members. |
“Everyone wants to know in cliffnote fashion what is happening in their market. This is what we are providing this year from an extremely productive broker in each market. Our format also allows those attending to grasp a sense for the entire five-county basin market in one evening. We have spent considerable time streamlining the program so that attendees get the most information in the shortest possible time,” said Bart G. Reinhard of CB Richard Ellis, moderator of the event. David Harding, also of CBRE, is event chairperson. |
Reinhard noted that a “blue-ribbon” panel of experts has been set for this month’s dinner/program. Panelists are Brad Koehler, Cushman & Wakefield, Los Angeles (Valley/Valencia submarket); Michael Chavez, Lee & Associates, (Inland Empire); Rick Ellison, Cushman & Wakefield, Irvine (Orange County); Jason Jamison, GM Properties, Inc., Whittier (East Side region); Michael Preiss, The Klabin Company, Los Angeles (West Side); Bryan Lee, North American Commercial Properties, Los Angeles (Central); Becky Blair, Blair Commercial Real Estate, Long Beach (South Bay), and Chris Sheehan, Colliers Seeley, Torrance (Mid Cities). Presenters will review major transactions, trends and market comps for 2007, and provide a forecast for 2008. |
A “who’s who” of companies serving the real estate industry is set to sponsor this year’s “Review & Forecast” and will be on hand to present their latest services to event guests. They are California Statewide CBC, Chicago Title, The Duncan Appraisal Corp., Dynamic Builders, Exeter 1031 Exchange Services LLC, First American Exchange Corporation, First Industrial Realty Trust, Inc., OREXCO Old Republic Exchange Company, Old Republic Title Company, Michelman & Robinson, LLP, Panattoni Development, The Rader Company, Searles Company, U.S. Bank, and Wachovia. For information, call AIR at (213) 687-8777. |
Professionalism: AIR's Essence
Member
Benefit
| AIR’s strict adherence to integrity and honesty among its broker/members is the essence of the Association. At the heart of this is AIR’s “Rules of Professionalism Conduct”, which dictates the way members interact in their business dealings in order to ensure that they treat one another with utmost respect and honesty. In other locales, where an agent does not belong to a broker-owned and controlled organization like the AIR, it is common practice to have commission or other unethical disputes between brokers. Moreover, AIR’s “Rules” are time-tested, and brokers who agree to them when they become part of the AIR family have more collegial, durable, and long-lasting relationships. In the long run, being candid and trustful is better for brokers and their clients. If you would like more information, or a copy of the AIR “Rules of Professional Conduct”, call Joy De La Cruz at (213) 687-8777. |
AIR
Member Deals
Northwest Region
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Carter Completes Cycle
Robert E. Carter, managing partner of Commercial Resource Real Estate Services, reports that its development division, VAST RE/sources, has sold 443 N. Varney St. in Burbank for $3 million. The 13,500 sq. ft. “flex” building has been acquired by PETROL ADVERTISING, a marketing firm servicing the automotive industry. Carter said the sale completes the cycle as the last building to sell from the original approximate 75,000 sq. ft. Aurafin-ORO America Property portfolio Carter purchased with fellow AIR member Michael Collins of Collins Commercial. Carter’s broker colleague Mark Pettibone spearheaded the refurbishment and marketing campaign.
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NAI's Black Dials Verizon
Lee Black, executive vice president with NAI Capital, Encino, represented Verizon California, Inc, in its approximately $3 million sub-lease of 36,000 sq. ft. of office space located in “The Arbors” complex at 235 W. Hillcrest Dr., Thousand Oaks. Sub-leased from Amgen, Inc., Verizon will occupy the 2nd floor of one of two buildings that offers 101 Freeway visibility and 4/1000 parking. Bob Rosenthal and Matt Hargrove of Cushman & Wakefield represented Amgen.
Eastern Region
• Electronics Recycler Buys Big
Jim Center of Grubb & Ellis’ Los Angeles East office, announces that Environ Con LLC, a recycler of electronic components, purchased a 128,228 square foot industrial building in the City of Industry for $12.3 million. The company leased the space with the option to purchase in December 2006. The facility, located at 333 Turnbull Canyon Rd., houses the firm’s corporate headquarters and warehouse operation. Center represented the seller, Chicago-based First Industrial, LP. Bob Dipre of DAUM Commercial Real Estate Services represented the buyer.
Ventura County
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Daum's Scott Inks Camarillo Sale
Stuart Scott of DAUM Commercial Real Estate Services’ Ventura County office directed the sale of a 7387 square foot industrial building in Camarillo for $1.2 million. The property is located just off the 101 Freeway near the Camarillo Amtrak Station. Scott represented the seller, David Walmsly. The Becker Group represented the
buyer, Richard Carino.
Inland Empire
• Team Earnhart Closes $21.5 Million Plus Sale
Team Earnhart, comprised of Paul Earnhart, SIOR, Doug Earnhart, SIOR, and Erik Hernandez of Lee & Associates’ Ontario office, together with Larry Null, SIOR, in Lee’s Riverside, completed a 207,418 square foot industrial building sale in Corona valued in excess of $21.5 million. The facility is located at 395 Smitty Way. The “Team” and Null represented the seller, Cusumano/Smitty Way, LLC. The buyer, Fleetwood Aluminum Products, Inc., was represented by Walter Frome of Voit Commercial. Fleetwood is one of the top window manufacturers in the U.S.
Orange County
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Mason Markets Irvine Facility
Randy Mason, CCIM, SIOR, senior vice president and Andrew Bermudez, vice president of Lee & Associates-Irvine, Inc, represented the buyer, A Building, LLC., in its acquisition of a 4077 square foot industrial building located in the Koll Center at 9800 Research, Irvine. Purchase price was $1.3 million. Joe Winkelmann and Travis Haining of Voit Commercial represented the seller, Robert Krantz.
Anishban Delivers Promises
Member
Profile
Deliver what you promise your client, and promise what you can deliver. These could be the watchwords advanced by Eli Anishban if you queried him about his vision of commercial real estate. Yet, it’s only part of what makes Eli successful. |
Anishban established Precision Properties, of Encino in 1999, having been involved with sales and leasing of industrial properties since 1994. Prior to this he successfully owned a downtown Los Angeles manufacturing firm specializing in nylon/Velcro products. “This experience was invaluable to my real estate career as I had the opportunity to deal with a variety of business people whose needs dovetailed with real estate. Much of my solid relationships with property owners and tenants have resulted from contacts I made during that time.” says Anishban. |
| Overlay that with Anishban’s adherence to hard work and the value of trust and there exists a strong formula for success. “I offer strategic guidance and implementation for property sales and leasing. If someone is considering selling their property, it’s not in their best interest to inform them it is worth significantly more simply to secure the listing, although ultimately it’s the client’s decision.” Anishban’s integrity, keen work ethic and vast understanding of the marketplace have allowed him to build a significant base of repeat and referral clients. |
Among Anishban’s recent transactions are: the sale of a 7,200 square foot industrial property on Sherman Way in Van Nuys for $2.3 million where Anishban represented the Buyer, American Professional, an ambulance service company; the sale of a 15,000 square foot industrial building in Northridge; and the lease of a 12,000 square foot industrial building in Van Nuys. |
Born in Israel, where he attended college, Anishban immigrated to the U.S. in 1977. He and his wife of 27 years, Lorraine, reside in Northridge. They have two adult children, Jennifer, a law student, and Jessica, a sophomore in college. When he is not selling commercial and industrial property Anishban enjoys spending time with his family and traveling. |
Quick
Bursts And Coming Events
15th Annual “Market Review and Forecast”,
January 23, 2008, Jonathan Club, downtown Los Angeles,
545 S. Figueroa St.; cocktails and reception, 5 p.m.;
dinner and program 6:30 p.m.
$80 for AIR members; $100 for non-members (see Top Story).
Member Deals and Profiles - As soon as you
close a substantial deal, make sure you give Art Ansoorian
a call. Your deal will be featured in the next issue
of AIRWaves. Also be sure to get your personal bio over
to Art and be a featured member in the newsletter; it's
a great way for everyone to meet fellow members! Call
Art at (805) 653-1648, or email him at artpr@earthlink.net.
In-House Training - The AIR offers
training for e-MULTIPLE, WinAIR Forms, and AIRMail.
If a group of brokers or staff from your office would
like to have the AIR bring training to you in-house,
contact Martin Vartanian at (213) 687-8777. A number
of firms have already taken advantage of this great
service and been very pleased with the results.
We Need Your Photos and Bios –
AIR is in the process of building its database of member
photos and bios. If you would like your photo and bio
to appear on the AIR website at www.airea.com,
please send them via mail or e-mail to Martin,
or if you have questions, call him at (213) 687-8777.
Tech
Tip
e-MULTIPLE - How
can I save a report and email it to a client?
Once you have selected Create Report, on the
next screen you have the option to left click or right click on the pdf report output.
If you right click, one of the options you have is Save
Target As; select the option and a Save Dialog Box
will appear asking you to save the file on your hard
drive. Once you have the file saved you can attach the
file to your email.
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