tag:blogger.com,1999:blog-31524984464749010722023-11-15T11:23:20.885-08:00Commercial Real Estate Advice in Orange CountyOC Industrial Group is a premier organization specializing in commercial real estate services in Orange County created by myself, Kevin Thomas. With almost 15 years of brokerage experience under my belt at Lee and Associates, I finally decided to start a blog offering advice to the public about commercial real estate. Follow me if you are interested in learning more!Kevin Thomas' OC Industrial Grouphttp://www.blogger.com/profile/07359623138722052386noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3152498446474901072.post-75968674295941462022014-03-31T15:39:00.002-07:002014-03-31T15:39:42.532-07:00<div>
<a href="http://www.carvenationusa.com/" target="_blank">CARVE USA</a> is scheduled to open a 10,000 square foot high-end surf and sunglass outlet store in Santa Ana at McFadden and 55 freeway. The lease transaction was handled by Kevin Thomas at Lee & Associates. </div>
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Carve USA, the company known for their VersaTraction and USA franchise of Carve sunglasses brought their surf industry know how to a retail store in the industrial/commercial center of Santa Ana that includes the following tenants: Monkey Sports' Goalie Monkey, Rip Curl, Roger Dunn Golf, Austrialian Swim School, Sender One Rock Climbing and Yoga and former REI sporting goods store. Kevin Thomas says, "The store has a great location next to Rip Curl which is right off the freeway and with the sports themed tenant mix the store should do very well". </div>
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<a href="http://resources.lee-associates.com/asp/user/website/BrokerProfile.asp?OfficeID=&BrokerID=2927" target="_blank">Kevin Thomas</a> is a Senior Vice President and Principal with <a href="http://lee-associates.com/" target="_blank">Lee & Associates</a> - Newport Beach, Inc. </div>
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Please see the following write up in Surfing Magazine:</div>
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<a href="http://www.surfingmagazine.com/news/carve-comes-to-the-usa/">http://www.surfingmagazine.com/news/carve-comes-to-the-usa/</a></div>
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Kevin Thomashttp://www.blogger.com/profile/08773210012082664500noreply@blogger.comtag:blogger.com,1999:blog-3152498446474901072.post-45916633563824710542014-03-31T12:25:00.003-07:002014-03-31T12:25:56.986-07:00<div class="MsoNormal" style="background: white; line-height: 27.0pt; mso-outline-level: 3;">
<span style="color: #394041; font-family: "Helvetica","sans-serif"; font-size: 20.5pt; mso-fareast-font-family: "Times New Roman";"><a href="http://www.ocindustrialgroup.com/2014/03/27/commercial-real-estate-market-update-by-kevin-thomas/"><span style="color: #df5400; text-decoration: none; text-underline: none;">Commercial Real
Estate Market Update Brought to You by Kevin Thomas OC Industrial Group, Lee
& Associates-Newport Beach, Inc.</span></a><o:p></o:p></span></div>
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<span style="font-size: 27.0pt; mso-fareast-font-family: "Times New Roman";">OC Industrial: <br />
All Revved Up, No Place to Build<o:p></o:p></span></h1>
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<span style="font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Written by: Real Estate Bisnow 3/31/2014<o:p></o:p></span></h1>
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<strong><span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Tight</span></strong><span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">. In a word, that's
the Orange County <strong>industrial
market</strong>. (We would also have accepted "industrial.")
Despite increasing demand, <strong>supply </strong>is
hard to develop, according to experts at<em>
Bisnow</em>’s third annual <strong>State
of the Market</strong> at the Hotel Irvine recently, which drew 450.<o:p></o:p></span><br />
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<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Panattoni Development CEO <strong>Adon Panattoni</strong> says
there’s a <strong>lack
of sites</strong> in Orange County for industrial
development, though there are a few. Even on those, developers can’t just
build <strong>anything</strong>
and expect it to be leased, since OC’s competing with its neighbors, the<strong> Inland Empire</strong> in
particular. (One roof and four walls is still considered the industry
minimum.) Heads of companies might like to be in OC, but they might also
see the Inland Empire is an <strong>acceptable
alternative</strong>, especially since it’s usually less expense.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">CBRE senior managing director <strong>Kurt Strasmann</strong> says
Orange County has the <strong>second
lowest vacancy (2.9%)</strong>, out of 51 markets his company tracks;
the national average is 8.2%. Fortunately for OC landlords, it's also low in
LA County (No. 1 lowest at 2.3%) and Inland Empire (4%). Because its land is
constrained, Orange County is an <strong>industrial
infill market</strong>, and hard for investors and developers to break
into.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Overton Moore Properties is an industrial
developer and investor in California and recently in Phoenix. CEO<strong> Timur Tecimer </strong>says <strong>land is too expensive</strong>
in much of Orange County for most warehouse/distribution developments. That
kind of development is <strong>heading
east</strong>. Complicating matters in OC is that certain cities are
relatively hard to work with. That demands a high level of <strong>local expertise</strong>.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Sares-Regis Group focuses on large
industrial projects on the West Coast. Managing director <strong>John Hagestad</strong> says <strong>lenders</strong> would prefer
that a developer already have its <strong>entitlements</strong>
sorted out before committing to financing, but there’s <strong>so much capital</strong> now
that lenders are more willing to come in during the development process,
when there’s some <strong>entitlement
risk</strong>. He also predicts there will be a wave of <strong>conversion</strong> from
older, less useful OC industrial space to <strong>office space</strong>, maybe for tech users.
(Make sure they don't get rid of the forklifts, for fun office parties.)<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">KPRS president <strong>Joel Stensby</strong> says he
doesn’t expect <strong>construction
costs</strong> to rise that much—maybe a 3% increase over the
next 12 months. One reason is that other countries aren’t buying <strong>construction materials</strong>
with the same appetite they did four or five years ago. In the current
climate, it’s harder to find <strong>qualified
labor</strong>, so it pays to have strong relationship with
subcontractors.<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Prologis president-Southwest region <strong>Kim Snyder</strong> says <strong>large industrial spaces</strong>
are being leased in Orange County, even though logistics is moving away. <strong>Smaller industrial</strong>
product is not being leased or developed as much because <strong>residential growth</strong> <strong>hasn’t returned</strong> in a
robust way. That means the likes of lighting companies, tile suppliers, and
door installers haven’t returned to the market. (Same for white picket fence
makers and American dream catchers.)<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Allen Matkins partner <strong>Bill Ahern</strong>
moderated. Bill's practice primarily focuses on the structuring, formation,
syndication, and taxation of <strong>partnerships
and LLCs</strong> formed to engage in complex real estate
transactions. Bill also has extensive experience in structuring <strong>1031 exchanges</strong> and <strong>TIC agreements</strong>.<o:p></o:p></span></div>
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<strong><i><span style="background: white; color: #252626; font-family: "Arial","sans-serif"; font-size: 10.5pt;">Kevin Thomas</span></i></strong><span class="apple-converted-space"><i><span style="background: white; color: #75797a; font-family: "Arial","sans-serif"; font-size: 10.5pt;"> </span></i></span><em><span style="background: white; color: #75797a; font-family: "Arial","sans-serif"; font-size: 10.5pt;">is a Senior Vice President / Principal of Lee &
Associates-Newport Beach, Inc. Kevin specializes in Industrial and Office
brokerage in the Airport area of Orange County, California</span></em><o:p></o:p></div>
Kevin Thomashttp://www.blogger.com/profile/08773210012082664500noreply@blogger.comtag:blogger.com,1999:blog-3152498446474901072.post-30445079444634957722011-08-12T11:26:00.000-07:002011-08-12T14:01:12.712-07:00Why are Buildings Selling in Today's Rotten Real Estate Market?It might be surprising to learn that industrial buildings are selling in this difficult real estate market. Some of the reasons why buildings are selling is because values are at 20-year lows. Another reason why is because the interest rates are at historic lows. Buyers are expecting huge discounts on property today <i>and</i> are finding them. For example, a new listing at 1016 Fuller in Santa Ana (5,201 Sq. Ft. industrial building) was just listed at $598,000 which would equal a rent payment of $0.78/ Sq. Ft. Gross! This building would have sold three years ago for over $1 million. In addition, buyers expect a discount off of the asking purchase price if there is a deficiency with the building. For instance, 1016 Fuller has very limited parking. Thus, it will likely be discounted further. For more information about this example listing, please go to:<br />
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<a href="http://www.youtube.com/watch?v=Hgw4o20Kmms">http://www.youtube.com/watch?v=Hgw4o20Kmms</a><br />
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Kevin Thomas' OC Industrial Grouphttp://www.blogger.com/profile/07359623138722052386noreply@blogger.comtag:blogger.com,1999:blog-3152498446474901072.post-14037064926116945532011-08-08T10:35:00.001-07:002011-08-08T10:37:06.093-07:00What a Week on Wall Street!Check out this week's Financial and Economic Report, Courtesy of Wells Fargo:<br />
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<a href="http://ocindustrialgroup.blogspot.com/2011/08/what-week-on-wall-street.html#links">http://ocindustrialgroup.com/files/WeeklyEconomicFinancialCommentary_08052011_V2.pdf</a>Kevin Thomas' OC Industrial Grouphttp://www.blogger.com/profile/07359623138722052386noreply@blogger.comtag:blogger.com,1999:blog-3152498446474901072.post-13096651075871207142011-08-08T10:22:00.000-07:002011-08-08T10:22:28.947-07:00Why Hire a Broker to Negotiate Your Lease?<br />
<div style="font: 20.0px Goudy Old Style; margin: 0.0px 0.0px 0.0px 0.0px;"><b><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px; font-weight: bold;"><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px;"><b><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px; font-weight: bold;"></span></span></b></span></span></span></span></b></div><b><b><div style="font: normal normal normal 20px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">Today, a lease is usually 20 or more pages long! Get a qualified agent on your </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">side. When you hire Kevin Thomas of Lee & Associates – Newport Beach, you engage the services of our researchers, data banks, and secretarial staff. Besides, it makes good business sense to use a specialist who knows the market.</span></span><b><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"> </span></span></b></div><div style="font: normal normal normal 20px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><b><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"><br />
</span></span></b></div></b><div style="font: normal normal normal 20px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><b><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px; font-weight: bold;"></span></span></b></div><b><div style="display: inline !important; font: normal normal normal 14px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; min-height: 17px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"><span class="Apple-style-span" style="font-size: 20px;"><b><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px; font-weight: bold;"><b></b></span></span></b></span></span></span></div><span class="Apple-style-span" style="font-family: inherit;"><b><b><div style="display: inline !important; font: normal normal normal 14px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; min-height: 17px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"><b>Here's why </b></span></span><i><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"><b>you</b></span></span></i><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"><b> </b></span></span><i><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"><b>should</b></span></span></i><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"><b> from a broker's point of view:</b></span></span></div></b></b></span><span class="Apple-style-span" style="font-family: inherit;"><b></b></span><span class="Apple-style-span" style="font-family: inherit;"><b></b></span></b><b><span class="Apple-style-span" style="font-family: inherit;"></span></b><b></b><br />
<div style="font: normal normal normal 14px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; min-height: 17px;"><span class="Apple-style-span" style="font-size: 20px;"><b><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px; font-weight: bold;"></span></span></b></span></div><b><div style="display: inline !important; font: normal normal normal 14px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; min-height: 17px;"><span class="Apple-style-span" style="font-size: 20px;"><b><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px; font-weight: bold;"></span></span></b></span></div><b><div style="display: inline !important; font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="font: normal normal normal 12px/normal Wingdings;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"></span></span></span><span style="font: normal normal normal 12px/normal Arial;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"> </span></span></span><b><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">NO COST TO YOU </span></span></b></div></b><b></b><b></b></b><b></b><b></b><br />
<div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">The landlord is responsible for paying the broker so you don’t need to! </span></span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; min-height: 15px;"><br />
</div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="font: normal normal normal 12px/normal Wingdings;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"></span></span></span><span style="font: normal normal normal 12px/normal Arial;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"> </span></span></span><b><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">LET ME DO THE LEG WORK </span></span></b></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">Having representation frees your time to take care of business of your company. I’ll do the work so you only need to spend time necessary to make the appropriate, informed decisions. </span></span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; min-height: 15px;"><br />
</div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="font: normal normal normal 12px/normal Wingdings;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"></span></span></span><span style="font: normal normal normal 12px/normal Arial;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"> </span></span></span><b><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">NO CONFLICT OF INTEREST </span></span></b></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">I have a personal commitment to you. There is only one thing on my mind, creating the best value for you. </span></span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; min-height: 15px;"><br />
</div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="font: normal normal normal 12px/normal Wingdings;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"></span></span></span><span style="font: normal normal normal 12px/normal Arial;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"> </span></span></span><b><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">PUT A PROFESSIONAL NEGOTIATOR ON YOUR TEAM </span></span></b></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">I have the expertise to represent your interest and drive a hard bargain on your behalf. </span></span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; min-height: 15px;"><br />
</div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span style="font: normal normal normal 12px/normal Wingdings;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"></span></span></span><span style="font: normal normal normal 12px/normal Arial;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;"> </span></span></span><b><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">AGGRESSIVE AND TIMELY LANDLORD RESPONSE </span></span></b></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: inherit;">When I present a letter of representation, the landlord knows they have a genuine prospect and will respond seriously and timely. </span></span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;">Call me biased but...</span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;"><b>LEE & ASSOCIATES gives you priority.</b></span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: small;">You are assured your requirement is getting top priority. Our focus is on your transaction. You see all opportunities whether listed or soon-to-be listed. Which is why we really are <i>the</i> go to guys for your commercial real estate needs.</span></div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Wingdings;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: 'Goudy Old Style';"><span class="Apple-style-span" style="font-size: 20px;"><b><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px; font-weight: bold;"><span class="Apple-style-span" style="font-size: x-large;"><b></b></span></span></span></b></span></span></span></span></div><span class="Apple-style-span" style="font-family: Wingdings;"><span class="Apple-style-span" style="font-family: 'Goudy Old Style';"><b><span class="Apple-style-span" style="font-size: x-large;"><b><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-size: 20px;"><b><span class="Apple-style-span" style="font-size: small; font-weight: normal;"><span class="Apple-style-span" style="font-size: 20px; font-weight: bold;"><span class="Apple-style-span" style="font-family: Wingdings;"><span class="Apple-style-span" style="font-family: 'Goudy Old Style';"><b><span class="Apple-style-span" style="font-size: x-large;"><b></b></span></b></span></span></span></span></b></span></div><b><span class="Apple-style-span" style="font-family: Wingdings;"><span class="Apple-style-span" style="font-family: 'Goudy Old Style';"><b><span class="Apple-style-span" style="font-size: x-large;"><b><div style="display: inline !important;"></div></b></span></b></span></span><span class="Apple-style-span" style="font-family: Wingdings;"><span class="Apple-style-span" style="font-family: 'Goudy Old Style';"><b></b></span></span><span class="Apple-style-span" style="font-family: Wingdings;"><span class="Apple-style-span" style="font-family: 'Goudy Old Style';"><b></b></span></span></b><b><span class="Apple-style-span" style="font-family: Wingdings;"><span class="Apple-style-span" style="font-family: 'Goudy Old Style';"></span></span></b><b><span class="Apple-style-span" style="font-family: Wingdings;"></span></b><br />
<div><div style="font: normal normal normal 12px/normal 'Goudy Old Style'; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><b><span class="Apple-style-span" style="font-family: Wingdings;"></span></b></div><b></b></div></b></span></b></span></span></b><br />
Kevin Thomas' OC Industrial Grouphttp://www.blogger.com/profile/07359623138722052386noreply@blogger.comtag:blogger.com,1999:blog-3152498446474901072.post-10379884490078526632011-08-01T11:11:00.000-07:002011-08-03T14:33:49.947-07:00Tax the Rich to Feed the Poor<div><span class="Apple-style-span" style="font-family: inherit;">An interesting article I came across this weekend:</span></div><div><a href="http://ocindustrialgroup.blogspot.com/2011/08/tax-rich-to-feed-poor.html"><br />
</a></div><a href="http://ocindustrialgroup.blogspot.com/2011/08/tax-rich-to-feed-poor.html">http://www.ocregister.com/articles/percent-310078-sales-first.html</a>Kevin Thomas' OC Industrial Grouphttp://www.blogger.com/profile/07359623138722052386noreply@blogger.comtag:blogger.com,1999:blog-3152498446474901072.post-62451403545932920492011-07-27T14:38:00.000-07:002011-08-03T14:32:57.633-07:00Why Isn’t My Building Getting Leased or Sold?<div class="MsoNormal"><b><span style="font-family: 'Times New Roman';"><span class="Apple-style-span" style="font-size: large;">5 Proven Tips to Make Your Industrial Building Look More Appealing and Increase the Chances of Leasing or Selling it</span></span></b><span style="font-family: 'Times New Roman';"><span class="Apple-style-span" style="font-size: large;">:</span><o:p></o:p></span></div><div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;"><br />
</div><div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;"><span class="Apple-style-span" style="font-family: inherit;">1) <i>Repainting</i><o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">A quick way to give a tired, old building some life again is to re-paint it. A fresh, new coat of paint will make the building look more polished. Perhaps paint a stripe around the top of the building, incorporating contrasting earth tones. I’ve also seen some owners modify their look by integrating corrugated metal or wood accents. Architectural Digest is a great magazine to turn to for more inspiration. <o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;"><br />
</span> </div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">2) <i>Landscaping</i><o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">Old neglected trees and shrubberies around a building give off the impression that the building, too, is old and neglected. Planting drought tolerant trees will clean up your property’s look. Palm trees are a favorite in southern California because they look sleek and require little maintenance year-round. Small herb shrubs such as lavender or rosemary are also a good idea to add in order to freshen up the exterior. Not only does it give off a fragrant charm to the property but it can also help reduce water consumption.<o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;"><br />
</span> </div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">3) <i>Paving</i><o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">If your parking lot is starting to look gray and cracked, it may be time to pave a new black top. Especially if the surface has sinkholes or potholes, the asphalt will worsen over time. Often times, the first impression of your property is based off of the pavement surrounding it. Do you really want it to be in poor condition? Not only is it unappealing to the eye but tenants and buyers will also cringe at the idea of eventually having to pay for its replacement.<o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;"><br />
</span> </div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">4) <i>Refurbishing</i><o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">The look of the interior of a building is every bit as important as its exterior. Upon entrance, reception and office area should be displayed as open and flexible. Small, private offices are outdated. Thus, removing that plywood siding is highly recommended. When it comes to restrooms, the general rule of thumb is refurbishing them every ten years. This means installing brand new fixtures, flooring, and paint. Good first impressions are a must; which is why the receptionist area and restroom are two areas where a clean, updated look is absolutely essential. <o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;"><br />
</span> </div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">5) <i>Clearing</i><o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">Remove any items or distracting décor from the building when it is on display. Even old inventory or machines related to the previous owner/ tenant should not be visible if you are trying to show off the space. The property should be completely empty for the prospect’s imagination. Doing so, allows the prospective buyer or tenant to take mental ownership of the asset, moving you further down the sales path. <o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;"><br />
</span> </div><div class="MsoNormal"><span class="Apple-style-span" style="font-family: inherit;">Finally, it should be obvious that the building must be clean and all systems must be operational. Without making any improvements to an unappealing building, your only other option is to deeply discount the building. While a qualified agent will be able to move your property effectively, it takes some hard work from the landlord as well. With the combination of these five tips and a knowledgeable agent, you will improve your chances of selling or leasing your property at its optimal price. </span></div>Kevin Thomas' OC Industrial Grouphttp://www.blogger.com/profile/07359623138722052386noreply@blogger.comtag:blogger.com,1999:blog-3152498446474901072.post-21576104172796107562011-07-08T14:47:00.000-07:002011-07-08T14:48:13.658-07:00Exactly How Is That Commercial Real Estate Market Doing?<div class="MsoNormal"><b style="mso-bidi-font-weight: normal;">A Brief First Quarter Review:</b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">According to Wells Fargo Securities, Private-sector employment has increased by 1.9% while hiring among businesses and professional services have increased by a hefty 4.1%! And as you know, job growth is positively correlated with commercial real estate demand. More employees mean a higher demand for office, retail, and industrial space. Office vacancy rate falls for the first time in three years to 17.5% Retail vacancy rate is still high but peaked at 10.9% Industrial vacancy rate falls down to 11.9%</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">While there are surely signs of improvement in the market, it is important to be aware that the recovery is still uneven. The areas that have seen the most improvement include high-tech centers and major energy markets. Many other areas of the market are still lagging. In addition, there are still billions of dollars worth of maturing commercial real estate loans that still need to be refinanced. This will most likely last for the next five years alongside a sizable equity gap. <span style="font-family: Georgia;">Thus, Lenders and Developers continue to have a cautious outlook on the current market situation.</span><span style="font-family: Helvetica;"> </span><span style="font-family: Georgia;">However, I believe that this caution will have a positive effect on the market. Building construction and development inhibition can actually lead to quicker recovery. As a result, over supplied areas and older properties will be benefitted. </span></div><div class="MsoNormal"><br />
</div>Kevin Thomas' OC Industrial Grouphttp://www.blogger.com/profile/07359623138722052386noreply@blogger.com