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Inland Empire San Gabriel Valley Commercial Real Estate- State of Market

Multi-Family Panel

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..

Keynote:
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

Keynote:
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

Hesperia Airport-
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!

Office Panel:
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..

Loving what we do! TTG Passion & Purpose!

Check out this quick overview of the team at one of our trainings. This one is on BK and the real estate transaction from a Legal & Title perspective!

In differentiating ourselves from our competition we focus on our industry and creating a dream team effort to come together and close transactions together!

We are highly involved in our community and we believe in leadership by example!

Leadership in Professional Associations
Leaders in Non-Profits
Volunteer in our Schools
Involved in our churches

WE are Faith based and held to His standards.

Put us to the test!

The Role Title Companies Play in Real Estate- Ryan J Orr

Purchasing a home is probably the biggest single investment you are going to make in your lifetime. The importance of protecting your purchase cannot be overstated! With endless possibilities of things that may potentially go wrong during a real estate transaction, title insurance is crucial to ensure that the security of your new property is safe, sound and reliable.

Title insurance protects you the buyer against forgery, incompetence of grantor or mortgagor, unknown heirs, fraud, impersonation, and countless other risks that could occur during a real estate transaction. It helps to prevent future losses arising out of events that have happened in the past.

Your title company will search and examine the public land records surrounding title to your property. They will ensure that the seller is in fact the legal owner of the property, that the degree of ownership is currently and accurately vested in the seller, the status of the property taxes, among many other things in order to convey “clear title.”

Fidelity National Title is proud to offer the most comprehensive and customer oriented service available from any title company today. We take pride in our work and are consistently growing our market share because of our standard of excellence and commitment to caring about every transaction we process. We look forward to the opportunity to prove to you why Fidelity National Title is the absolute gold standard for title insurance today. Contact your Fidelity National Title Sales Executive to open an order!

The Role of the Title Company in Real Estate Transactions

A HOME designed to meet the individual needs of the family is a wonderful experience, but before the buyers actually get their dream home, they will run headlong into dozens of home ownership details.

The purchase of a home may prove to be the largest single nancial investment many people may make in their lifetime; therefore, the importance of fully protecting such an investment cannot be overstressed.
A basic home ownership protection essential to the security of the home is safe, sound, reliable title insurance.
But what is title insurance?
It is the application of the principles of insurance to risks which are present in all real estate transactions. These risks are divided into two main categories: Hidden hazards which cannot be detected in the examination of title and human errors which will always be with us.
Examples of hidden hazards are FORGERY, INCOMPETENCE OF GRANTOR OR MORTGATOR, UNKNOWN HEIRS, FRAUD, IMPERSONATION, etc.
Title insurance di ers from other types of insurance by protecting against future losses rising out of events that have happened in the past. There are no annual premiums. One premium, based on the amount of the sale or mortgage, is paid when the policy is issued and is good for the life of the policy.
A mortgage policy, insuring the lender, stays in e ect until the loan is paid o . An owner’s policy, insuring the buyer, is good as long as the owner or owner’s heirs own the property.
Initially, the title company will search and examine the public land records to investigate information surrounding title to the property.

The facts revealed by the search will determine:

That the seller is, in fact, the legal owner of the property.
That the “estate” or degree of ownership being sold is currently and accurately vested in the seller.
The presence of any unsatis ed mortgages; judgments or similar liens which must be satis ed before “clear title” can be conveyed.
Existing restrictions, easements, rights of way or other rights granted to others who are not owners which may limit the right of ownership.
The status of property taxes and other public or private assessments.
These matters will be re ected in a preliminary report or “title commitment”. The preliminary report is issued to the mortgage lender or purchaser before the closing.
As you can see, the title company is constantly involved in the sales transaction almost from the time the purchase agreement is signed, through and beyond the closing. Working mostly behind the scenes, but always in close coordination with agents, escrow, lenders, and legal counsel, Fidelity National Title strives to carry out this complex procedure in an e cient and friendly manner.
Title insurance protection gives a homeowner peace of mind by protecting the security of the home and the safety of the investment.

Rent Vs Buy- Webinar Role Play: Ryan J Orr

Have you been in the scenario where you have had a question, and struggled defining the value of home ownership as it relates to renting?

How do you explain it? Do you miss some of the key points?

How do you define
- Appreciation
- Mortgage interest
Gather info
- Phone
- Email

Relaunching the webinar series focusing on ONE thing, one role play in a real scenario, and how to leverage regular conversations to grow your business. Whether, you have some ideas or just want to sharpen the saw, join us for this 20ish min webinar to see how to leverage this conversation! We will be doing webinars 2x per month..

This will be a quick and easy Webinar walking you seemlessly through this conversation!

https://events.r20.constantcontact.com/register/eventReg?oeidk=a07ecfddxul020a95c8&oseq&c&ch

Navigating through BK in the Real Estate Transaction- Ryan J Orr

Navigating through BK in the Real Estate Transaction

Guest Speakers
Stephen Cho- Bankruptcy Attorney
Tom Bernath- Chief Underwriter -Ticor Title

In an ongoing effort to provide excellent education to help our clients grow, we are continuing our training series on April 19th! We are noticing quite a few transaction were BK’s are becoming speed bumps. In our class we hope to address concerns, the different types of bk’s, how to find resolution, and how to get ahead of challenges before they become deal breakers!

Let’s work together to find proactive solutions to common challenges in the Real Estate Transaction!

#TTG is your strategic business partner for all things real estate related!

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We look forward to having you at our event!