Join us For the next class in the line up to learn and grow!
Kevin Breve-Regional Marcus & Millichap Regional Manager
Alexander Garcia Jr Marcus Millichap SVP
Robert Hallock- SVP- Acquistions Bridge Investments LLC
Mark Grace- VP Capital Markets- Walker & Dunlap
10,000 a day turning 21 or to a baby Boomer.
Inland Empire- Top 10 in forecasted demand in US. Highest Growth opportunities- (multi-family)
Buy in IE for 5% Cap Rate or better.. 9 (Favorable)
Huge growth in IE, with apartment communities with all the amenities. (exercise, pools, halls and more. Low maintenance)
Velocity now vs Past cycles- Still quite a bit of opportunity to grow. Current numbers in markets are strong!
Thinking to loan opportunities and risks East of the 15 freeway years ago, now the possibilities seems wide open for growth!
IE Ranked in top 10 in Job Growth!
Baby boomers top prospects moving to Multi-Family!
Rents are about $100 more per month and Interest Rates are significantly lower.. Apartments are profitable.
Growth Opportunities are great and margins are in the IE. It will continue to drive growth in!
Panelist believes growth is on the horizon for 3-5 years..
Greg Devereaux- SB County County Administrative Officer
Growth Opportunities and Commitments
Prado Dam Area- Large Plans and investments
Foothill Developments- Rancho/ Upland Communities
Chino Airport Growth and Opportunities.
Huge Growth and Commitment to Downtown San Bernardino
Joseph Brady- Branco Companies
Mining drives big jobs, and opportunity and mining is a huge driver in the High Desert. Logistics, and opportunity is still in marketplace in High Desert Communities.
Adelanto- Marijuana Cultivation Capital of the County
Logistics Opportunities- Buildings, and opportunities
BNSF- Looking to build large railroad switching yard in the High Desert. This will be able to help feed trains to as long as 3 miles long. Huge add to logistics divisions.
I-15 corridor, Estimated to be complete shortly, and is relief to the largest bottleneck on the West Coast of goods from the port to the rest of the US. Congestion relief is expected to help bring growth and around the region!
High Desert in need of High Paying jobs. Looking to incentivize business to move to the HD!
John Bibeau- Cushman Wakefield
Michael G Rademaker- MGR
David Mudge- Lee & Associates
Market is improving, show the space and you will fill it.
Most space in IE are filling up from diverse markets. Niche products like that which MGR owns and manages are 97% full.
Largest tenants, Healthcare, Schools,
Office vacancies. Low was at 27% Available, Current rates are about 15%, improvement yet still room to grow.
Construction is expensive and most growth seems to currently be in building acquisition, and rehab. Spec development is a challenge due to regulation, and costs. Rates need to be $2.35- $2.50 to justify constructing new buildings
Leasing Cycle: last three years feeling of false starts. 1st qtr absorption showing great strength this year. If we can hold for 12 months, growth will be exponential. Popular belief is we are 3/4 to a complete recovery in the commercial markets.
Large Opportunity Markets currently, San Bernardino/ High Desert
Ontario Airport impact will be tremendous, and business and industry demands easy access to air travel for corporate reasons. Industry is dependent around efficiency. Autonomy at the airport and airfares will be a huge driver for the IE looking forward!
Non-Financial Trends in IE: Tightening on the spaces available. Change in how workplaces are setup, and designs on workspace.
“Creative Office Space“
Attracting millennials and the up coming workforces from the beach communities..
Regus “Esque” Workspaces continue to drive trends in commercial space..
Shared Desk Concept. Smaller offices are the way of future?
Where are we on the investment cycle? Consensus: Early on
Expectation: Ceiling looking towards $2.35-.50 a foot.. Current rents about $2.00..
Senator Morrell’s Patriots of the Past, Present, & Future Ceremony & Dinner
I am beyond excited to be selected by the Senator to MC this event tonight.. Last year was an incredible event and I was selected as a recipient of one of the awards and this year I am honored to help run the event! I am beyond blessed and grateful for the opportunity! I love what Senator Morrell does and how great of an example he is in our community!
-Ryan J Orr
Picture from last year
“Few can fully understand the sacrifices made by the men and women of the Armed Forces to protect and defend our country,” said Morrell. “Patriots of the Past, Present, and Future is about reflecting on their service and how we as a community can support them, whether through helping out at local veterans events or pursuing public policy changes that improve lives and ensure smooth transitions to civilian life once they leave the military. We need to remember, honor, and recognize their continued patriotism and promote these virtues in the hearts and minds of younger generations.”
The event will honor veterans, active duty service men and women, reservists, members of the National Guard, and businesses and organizations that have supported them. It will also be an opportunity to discuss public policy issues affecting veterans, including Senate Bill 418, which would help active duty California State University students finish their college degrees, and Senate Bill 2, which would clarify property tax exemptions for Veterans Halls.
“Patriots” from around the 23rd Senate District will be recognized in four categories – Business, Education, Public Safety and Community Service. “Patriots” are defined as:
Nominations were submitted from all over the 23rd Senate District. Last year’s award winners were asked to review the applications and select this year’s honorees, which will be announced at the event. A full list of finalists can be found here.
Patriot of the Past: A veteran of a conflict such as World War II, the Korean War, or the Vietnam War.
Patriot of the Present: A currently enlisted service member, a reservist, a veteran of a recent conflict such as the Gulf War or Operation Iraqi Freedom, or a business or organization that currently serves veterans in some capacity.
Patriot of the Future: An individual under 21 years of age who either actively serves the military or veterans or plans on enlisting.
March Field Air Museum
22550 Van Buren Blvd.
Riverside, CA 92518WHEN:
22550 Van Buren Blvd.
Riverside, CA 92518WHEN:
Friday, April 1, 2016
5:00 p.m. to 8:30 p.m.
5:00 p.m. to 8:30 p.m.
www.TTGBlog.com 909-767-0718. Team Title Guy at Ticor Title is doing monthly training series on issues that impact the real estate transaction. These are 1.5 – 2 hour events, and they will be available on our resource channel post event! We hope that you will join us for an upcoming live event. All RSVP’s are to be done through our Team Title Guy FB page! Check us out Like Our Page