Annual Dinner Moderator Sees ‘Vision for 2010’ in ‘Market Review & Forecast’ Event
Top
Story
Those attending AIR’s 17th Annual “Market Review & Forecast” dinner event next Wednesday are survivors of a difficult real estate and economic period, and are now positioned to benefit from the vision and trends emerging from this highly anticipated program.
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That’s how Past AIR President Bart Reinhard characterized the Jan. 27 event to be held at a familiar private club located at 545 S. Figueroa St. in downtown Los Angeles. Reinhard ought to know. He is the capable moderator for the “Market Review & Forecast”, a role he will be capably filling for the seventh time. |
“A year ago, when times were especially difficult in real estate and the economy, the brokerage community needed AIR’s market data more than ever. We survived. Going forward, it will be interesting to see what this year’s Annual Dinner reveals about how we made it through 2009, and the vision it will provide to re-tool for 2010. This year’s AIR ‘Review and Forecast’ will also uncover the emerging trends in real estate and business to help brokers succeed in the new year,” Reinhard said. He noted that one area of focus during the Annual Dinner will be indentifying those businesses and business sectors that have emerged strong during the downturn and even capitalized on it. |
Reinhard will moderate a blue chip panel of top producing brokers who will highlight the Annual Dinner program. Panelists, who will present AIR’s signature submarket-by-submarket review and forecast, are Scott Caswell, Delphi Business Properties, Inc. (San Fernando Valley/Valencia); Steve Bellitti, Colliers International (Inland Empire); Rick Ellison, Cushman & Wakefield (Orange County); Dennis L. Sandoval, DAUM Commercial Real Estate Services (East Side); Luke Staubitz, SIOR, and Keith Fielding, The Klabin Company (West Side); Paul Sablock, Jones Lang LaSalle Americas, Inc. (Central); Dave Drummond, Colliers International (South Bay); Cliff Fincher, Lee & Associates (Mid-Cities), and Paul Farry, CB Richard Ellis (Ventura County). |
Outstanding sponsors for the event are Bank of America, Commerce Escrow Company, Duncan Appraisal, Bank of the West, AFLAC, California Statewide, US Bank, and TMC Development. |
| AIR’s Annual “Review & Forecast” begins at 5 p.m. with cocktails and registration; dinner and program follow at 6 p.m. Cost is
$99 for AIR members;
$119 for non-members. Click here to register. |
'Rules of Professional Conduct' Inspire Respect, Ethics
Member Benefit
Essential to the respect enjoyed by AIR and the success enjoyed by its members is the organization’s strict adherence to integrity and honesty among its broker/members. Central to this is the Association’s “Rules of Professional Conduct”, which prescribes the way members interact in their business dealings in order to ensure that they treat one another with the utmost respect and ethical behavior. 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” have been 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 truthful 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. |
Generational Relationships Inspire Behar
Member Profile
To Anthony Behar successful brokerage is a matter of developing relationships and, in his particular market focus, is often “a generational thing”. |
Anthony is a Senior Associate with 45-year old Major Properties in downtown Los Angeles. He launched his brokerage career with Major eight years ago. “Brad Luster (company owner and president) hired me and has been an incredible mentor and friend,” Anthony said. |
Focusing on commercial and industrial properties throughout the downtown and surrounding areas, Anthony has sold or leased over one million square feet of space, earning Major Properties’ President’s Award in 2005 and Salesman of the Year laurels in 2007 and 2009. |
Reflecting Major Properties traditional thrust, Anthony focuses on landlord/owner and tenant representation. “Developing relationships with landlords in the Downtown area in particular has been a gratifying experience. Landlords tend to own multiple properties in this market and typically pass them on to subsequent generations. We’ve seen this repeatedly at Major Properties. It’s a generational thing,” Anthony said. |
In an interesting twist, one of Anthony’s outstanding recent transactions involved his representation of a leading candy manufacturer in Downtown Los Angeles who required a 100,000 square foot building for expansion. “After an exhaustive search of the entire region we uncovered a building in San Bernardino which the client acquired for $3.5 million. You can’t find a building like that with excess land and amenities in the Downtown area,” Anthony explained. Anthony said his client retains its Downtown locale. He and Brad Luster also recently represented The Kitchen Warehouse in its sale of an 8000 square foot facility on Washington Blvd. in the Downtown area for $2.3 million. |
A graduate of San Diego State University with a Bachelor of Science degree in Speech Communication, Anthony and his wife, Dana, and their children, Madeline, 4, and Benjamin, 18 months, reside in Encino. In his leisure, Anthony spends lots of time with his family and several Los Angeles area charities, and regularly works out and enjoys annual river rafting outings with friends on the Kern River. |
AIR
Member Deals
Ventura County
Voit Closes Ventura Land Sale
Voit Real Estate Services’ Commercial Brokerage division has handled the acquisition of a 33,000 square foot land parcel in Ventura for $2.6 million. Voit officials report that there is a 40-year ground lease in place with Santa Barbara Bank & Trust, which plans to build a new location within the next several years. The 33,000 square foot parcel is located at 510 Mills St. Michael Cargile, senior vice president in Voit’s Irvine office, along with Loren Cargile in the same office and Mike Hefner of Voit’ Anaheim Metro office, represented the buyer, Islse Sultanian Trust. Fouy Ly of Sperry Van Ness represented the seller, Weintura, LLC.
Inland Empire
CBRE Represents IDS USA In Lease Renewals for Over 1.1 million Square Feet
CB Richard Ellis has completed three industrial lease renewals in Chino on behalf of IDS USA, a leading integrated distribution and logistics services provider specializing in Value-Chain Logistics. IDS USA signed the three renewals totaling 1,115,000 square feet with landlord Majestic Realty as part of one major negotiation. CBRE’s Frank Geraci, Walt Chenoweth, Juan Gutierrez and Patrick Wood of the Ontario office represented IDS USA, along with John Isaacs and Steve Sperber in the New York City office of CBRE.
Northwest Region
Valencia Sales Spell “Correction”, Capital Realty Solutions Reports
Ash Joshi, principal of Capital Realty Solutions, Inc. of Encino, announces two new business condominium sales within the past 30 days in Valencia for approximately $150 per square foot which he asserts represent a “correction” in that key submarket. Joshi reports that the 3,027 square foot units are located in the Discovery Gateway Spectrum Business Park II. The units, located at 28338 Constellation Rd., were sold to Comfort Cooling and Meshkat Precision Machining. Joshi represented the Christine Foley Trust, the seller in both transactions Aggregate value of the sales is nearly $1 million. Tim Crissman of Crissman Commercial Services represented Comfort Cooling.
Orange County
Rob Socci Represents Landlord Kilroy in 153,320 Square Foot Lease
Voit Real Estate Services’ Commercial Brokerage division reports a 135-month lease for a 153,320 square foot industrial building in Anaheim in behalf of Kilroy Realty Corporation, the lessor. Rob Socci of Voit represented Kilroy. Dave Desper of CB Richard Ellis represented the lessee, Accurate Metal Fabricators, which is relocating its corporate headquarters from multiple buildings in Anaheim. The building is located at 3340 E. La Palma.
Lee Inks $2.6 Million Irvine Industrial Sale
Lee & Associates has closed a $2.6 million sale transaction for a 9,600 sq. ft. office building located at 17280-17288 Red Hill in Irvine. Allen Buchanan and Craig DeMiranda of Lee & Associates, Orange Inc. represented the buyer, Northwind, LLC. Lori Janzen represented the seller, BCP #1, LLP.
AIR Quick
Bursts And Coming Events
17th Annual Market Review & Forecast, January 27, 2010; Private Club, 545 S. Figueroa St., Los Angeles (see Top Story).
Contract Forms Review - April 30, 2010; Marriott - Torrance. 7:30 A.M. Registration & Continental Breakfast 8:30 A.M. to 5:00 P.M. Program. Registration fee: $179 Members - $199 Non-Members. Click here to register.
Would you like to feature your listing on AIR’s homepage? - Your listing can be one of our Featured Properties on www.airea.com. This will include a photo of the property, availability, listing agent details, and a link to your AIR brochure or flyer.
For details on how your listings can become Featured Properties, click here or please contact Maria Verdin at (213) 687-8777 ext. 4306 or by e-mail at mverdin@airea.com.
In-House Training - The AIR offers
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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.
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.
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 Jobert,
or if you have questions, call him at (213) 687-8777.
Tech
Tip
WinAIR Forms 2 - Online Demo is available on the AIR Website.
AIR has provided an Online demo featuring some of the major functionality benefits of the WinAIR Forms 2 program. Please click here to view the online demo.
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