2015 Agenda Bios - Spokane Kootenai Real Estate Research

The Spokane - Kootenai Real Estate Research Committee
February 26, 2015
Coeur d’Alene Resort
◊115 South 2nd Street ◊
◊Coeur d'Alene ◊ ID ◊83814◊
Keynote Speaker– Jim Hammond
City Administrator
City of Coeur d’Alene
2015 REAL ESTATE MARKET FORUM AGENDA
February 26, 2015
Coeur d’Alene Resort
8:00-8:05
Welcome (5 min.)
Michelle Fink, 2015 Chair of the Spokane-Kootenai Real Estate Research Committee
Introduction by Moderator – Chris Schreiber, Associate Broker, Kiemle & Hagood Co.
8:05-8:50
Current Regional Economy
(20 min.)Spokane County, Grant Forsyth, Chief Economist Avista Corp.
(20 min.)North Idaho, Alivia Metts, Regional Economist Idaho Department of Labor
(5 min.) Questions & Answers – Chris Schreiber, Moderator
8:50-9:30
Special Topics
(5 min.) Introductions – Chris Schreiber, Moderator
(15 min.) Finding Quality Data – Paul Polzin, Ph.D., Director Emeritus, Univ of Montana Bureau of Bus.
Econ. Research
and
(15 min.)How to Use The Real Estate Report – Bruce Jolicoeur, Senior Director, Valbridge Property
Advisors
(5 min.) Questions & Answers– Chris Schreiber, Moderator
9:30-9:35
Announcements (5 min.)
Michelle Fink, Chair
9:35-9:50
COFFEE BREAK, SPONSORED BY SPERRY VAN NESS CORNERSTONE
9:50-9:55
Announcements (5 min.)
Michelle Fink, Chair
9:55-10:58 Residential Market in Spokane/Kootenai/Bonner Counties
(5 min.) Introductions – Chris Schreiber, Moderator
`
International
(12 min.) Single Family & Apts: Kootenai – Jennifer Smock, Associate Broker, GRI, Windermere/Coeur
d’Alene Realty
(12 min.) Single Family & Apts: Bonner – Jeff Bond, Designated Broker, Tomlinson Sotheby’s
Realty
(12 min.) Single Family & Apts: Spokane – Joe Garst, Owner, Windermere City Group
(12 min) Waterfront – Jenna Nicol, Broker, Century 21 Beutler-Waterfront
(10 min.) Questions & Answers – Chris Schreiber, Moderator
10:58-11:00
2
STRETCH BREAK
2015 REAL ESTATE MARKET FORUM
2015 REAL ESTATE MARKET FORUM AGENDA – CONTINUED
11:00-12:15
Investment Real Estate in Spokane/Kootenai/Bonner Area
(5 min.) Introductions – Chris Schreiber, Moderator
(15 min.) Access to Investment Capital, Robert Newell, Managing Member & Founder, Black Hawk Capital
Managers
(5 min.) Questions and Answers, Lending – Chris Schreiber, Moderator
(15 min.) General Commercial: Kootenai – Doug Rall, Associate Broker, Coldwell Banker Schneidmiller
(15 min.) Office: Spokane – Jon Jeffreys, Office Specialist, Black Commercial, Inc.
(15 min.) Retail: Spokane – Guy Byrd, Broker/Owner, Cornerstone Property Advisors
(5 min.) Questions and Answers (Commercial) – Chris Schreiber, Moderator
12:15-12:18
Closing Comments – Michelle Fink
12:18-12:30
Appraiser Education Credit Sign Out
12:30-12:50
LUNCHEON, SPONSORED BY STCU
(Luncheon Head Table)
Danny Davis, President, Coeur d’Alene Assoc. of REALTORS®
Michelle Fink, Chair, Spokane-Kootenai RERC
Jim Hammond, Keynote Speaker, 2015 Market Forum
Jack Kestell, President, Spokane Assoc. of REALTORS®
Paul Read, Treasurer, Spokane-Kootenai RERC
Chris Schreiber, Moderator, 2015 Market Forum
Dale Strom, Administrative Officer, Spokane-Kootenai RERC
Ryan Walters, Vice-Chair, Spokane-Kootenai RERC
12:50-1:00
Announcements/Presentations – Michelle Fink, Dale Strom
1:00-1:30
KEYNOTE SPEAKER – Jim Hammond., City Administrator, City of Coeur d’Alene
Topic: Observations on Future Economic Development in North Idaho, Including the Role of Local
Governments in Stimulating Growth
1:30-1:40
Questions and Answers/Closing – Michelle Fink
2015 REAL ESTATE MARKET FORUM
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Keynote Speaker
Jim Hammond, City Administrator, City of Coeur d’Alene
Education
Studies in Public Administration
1993
Leadership Spokane
Spokane, WA
1991+
University of Idaho
Moscow, ID
Master of Education: Education Administration
1977
Whitworth College
Spokane, WA
Bachelor of Arts: Elementary Education
1973
Carroll College
Helena, MT
Certification
International City Manager Association Credentialed Manager
Professional
1981 - 1996
Elementary Principal
Spokane, WA
Experience:
1977 - 1981
Elementary Principal
Post Falls, ID
Professional
2014-
City Administrator
Coeur d’Alene ID
2006-2012
Idaho State Senator
1996 - 2006
City Administrator
Post Falls, ID
Experience:
1990 - 1996
Mayor
Post Falls, ID
Public
1984 - 1990
President, City Council Post Falls, ID
Administration
1981 - 1990
City Councilman
1979 - 1981
Commissioner, Planning & Zoning
Boards
Post Falls, ID
Post Falls, ID
Board of Directors:
Idaho State Building Authority – Vice Chairman
Idaho State Racing Commission
Post Falls Food Bank
Past Boards
Idaho State Board of Education –Vice President
University of Idaho Board of Regents
Association of Idaho Cities
United Way of Kootenai County
Post Falls Education Foundation
Kootenai County Jobs Plus
Idaho Charter School Commission - Chairman
Panhandle Area Council- Secretary
University of Idaho CDA Advisory Board
Post Falls Chamber of Commerce
Spokane River Property Owners Association- President
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2015 REAL ESTATE MARKET FORUM
2015 Chair, Spokane - Kootenai RERC
MICHELLE FINK, 2015 CHAIR, SPOKANE-KOOTENAI REAL ESTATE RESEARCH COMMITTEE
Michelle Fink is a licensed Real Estate Agent with Lakeshore Realty in Coeur d’Alene. She spent the 30 year in the Title and
Escrow Industry. Michelle is a 40 year resident of Coeur d’Alene and is very committed to making a difference in the community.
She is actively involved with Rotary and Human Rights work in the area.
Member of Coeur d’Alene Sunrise Rotary – 2004, Past President,
Paul Harris Fellow – Assistant Governor 2013-2015
Coeur d’Alene Association of Realtors – Associate Board Member & Community Outreach Chair - 2000
Idaho Land Title Association – Past President
Spokane-Kootenai Real Estate Research Committee, 2007 – present & 2015 Chair
Human Rights Education Institute – 2004-2011 Board Member, Past President
Kootenai County Task Force on Human Relations – 2002 – Present, Vice President
Rotaplast Medical Mission to Cebu City, Philippines, Oct 2011
Rotary Poilo Plus Mission to Chandigarh India, Feb 2010
Micro-finance mission to Ethiopia - International Assistance Program – Feb 2007
Human Rights Courage Award – 2002
Panhandle State Bank – Community Star Award – 2006
Bill Wassmuth Memorial Award – Civil Rights Volunteer of the Year – 2007
Moderator
Chris Schreiber, Associate Broker, Kiemle & Hagood Co.
Chris Schreiber is an Associate Broker in Kiemle & Hagood Company’s Coeur d’Alene Office. He is a licensed REALTOR® in
Idaho and Washington. Chris joined the Brokerage Division of Kiemle & Hagood Company in 2009, and has worked in
commercial real estate since 1991, including time with CB Richard Ellis, Charles R. Wilson & Associates and Abergel &
Associates. Chris focuses on commercial and investment real estate in North Idaho, in which he represents buyers, sellers,
landlords and tenants.
Mr. Schreiber is a graduate of the University of Southern California, Marshall School of Business with more than 2,500 hours of
real estate specific education through USC, the Appraisal Institute, the California Department of Real Estate, the Office of Real
Estate Appraisers, the Idaho Mediation Association, the American Society of Farm Managers and Rural Appraisers, Idaho Real
Estate Commission, the Commercial Brokers Association, the Idaho Association of REALTORS®, and the National Association
of REALTORS®. He earned a Bachelor of Science in Business Administration and an emphasis in Real Estate Finance.
In 2008, Chris obtained the coveted CCIM (Certified Commercial Investment Member) designation. Chris is a member of the
Commercial Brokers Association (CBA), the National Association of REALTOR® (NAR), a trustee of the Spokane-Kootenai
Real Estate Research Committee, a member of the Spokane and Coeur d’Alene Trader’s Clubs, Vice Chairman of the
Sandpoint Urban Renewal Agency and Vice President of the Bonner Community Housing Agency.
2015 REAL ESTATE MARKET FORUM
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Current Regional Economy
Spokane County
Grant Forsyth, Chief Economist Avista Corp.
Dr. Forsyth is the Chief Economist of Avista Corp. Before coming to Avista in 2012, he was Professor of Economics at
Eastern Washington University from 1999 to 2012. Before EWU, from 1996 to 1999, he worked in the Czech Republic
as an academic and private sector economist. He received his BA in Economics from Central Washington University
(1988), his MBA in Finance from the University of Oregon (1990), and his PhD in Economics from Washington State
University (1996). He also serves on Washington Governor’s Council of Economic Advisors; The Citizen Commission
for the Performance Measurement of Tax Preferences; and the Spokane Mayor’s Economic Advisory Roundtable.
North Idaho
Alivia Metts, Regional Economist Idaho Department of Labor
Alivia Metts works at the Department of Labor in Post Falls. She is the Department’s Regional Labor Economist for the
five most northern counties in Idaho.
She was previously employed by HDR Engineering, Inc.— a nationwide consulting firm‑ where she worked mostly out
of the Washington and Alaska offices. Her work there included economic and environmental planning, in regards to
researching and analyzing the social and economic impacts projects have on communities. She also served as
economic development coordinator for the Eight Mile Boulevard Association while working at Fox Sports in Detroit,
Michigan.
Alivia graduated with a degree in economics from the University of Michigan and also holds an associate’s degree in
business administration.
Special Topics
Finding Quality Data
Paul Polzin, Ph.D., Director Emertus, University of Montana Bureau of Business &
Economy Research
Paul Polzin was diector of the Bureau of Business and Economic Research at the Universty of Montana for 20 years, retiring in
2008. He received his Ph.D. In Economics from Michigan State in 1968.
He has been a featured speaker at the Montana Economic Seminars for 40 years. Prof Polzin sprecializes in the ananlysis of
local economic areas.
Prof Polzinis the past president of the Western Regional Science Association and the Association of University Bureaues for
Economic Research (AUBER) and twice the chair of the Pacific Northwest Regional Economic Conference (PNREC).
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2015 REAL ESTATE MARKET FORUM
Special Topics (Continued)
How to Use The Real Estate Report
Bruce Jolicoeur, Senior Director, Valbridge Property Advisors
Bruce Jolicoeur is a Senior Managing Director and real estate analyst, appraiser and consultant with Valbridge
Property Advisors | Auble, Jolicoeur & Gentry in Spokane, Washington. He started his career with TJ Meenach
Company in 1979 and joined the Appraisal Department at James S. Black in 1982. In 1985, Dave Auble purchased the
appraisal department and formed Auble and Associates, which ultimately became Auble, Jolicoeur and Gentry after
merging with Columbia Valuation in 1999. Bruce has been President of Auble, Jolicoeur and Gentry since 2010.
Today, Auble, Jolicoeur & Gentry, Inc. has offices in Spokane, WA, Coeur d’Alene, ID and Kennewick, WA.
Bruce is certified as a “General Appraiser” in Washington, Idaho and Montana and holds the MAI designation of the
Appraisal Institute. He is active in the Appraisal Institute and has served on its Executive Committee, Board of
Directors, as Chair of the General Appraiser Council, and as president of the Inland NW Chapters of the Appraisal
Institute, the Society of Real Estate Appraisers and the American Institute of Real Estate Appraisers. He co-chaired the
Appraisal Institute’s 717 Project Team
Bruce graduated from the University of Illinois in Champaign-Urbana with a bachelor’s degree in Marketing, and has
been practicing real estate appraisal and consulting in the Inland Northwest since 1979.
Residential Market
Single Family & Apts: Kootenai
Jennifer Smock, Managing Broker, GRI, Windermere/Coeur d'Alene Realty
Jennifer Smock graduated from Lewis Clark State College in 1999 with a Bachelors Degree in Business Administration.
She started her career in Real Estate with Windermere in 2004, and was a successful Listing and Buyers agent. In 2009
she transitioned from actively selling Real Estate into a Leadership role in the company. Her responsibilities at
Windermere include, but are not limited to, being the Managing Broker of Windermere Post Falls, she also assists with
new Agent training and mentoring. Jennifer provides all the Statistical Data and information to the agents as well as the
company. She is a member of the Women’s Council of Realtors, NIBCA, CAR Education Committee and lives in Coeur
d‘Alene Idaho with her husband and 3 children.
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Residential Market (Continued)
Single Family & Apts: Bonner
Jeff Bond, Designated Broker, Tomlinson Sotheby’s International Realty
Treasurer/Owner Shareholder T&B Inc.
Coldwell Banker Tomlinson/ C21 Beutler/ Tomlinson Sotheby’s International Realty
Broker/Owner Shareholder Tomlinson Sotheby’s International Realty
Personal: Married, Children 4, Grandchildren 6
Education: Sturgis High School/ Eastern Michigan University
Experience: Owner/Broker Tomlinson Sotheby’s International Realty
Sandpoint, Idaho/Coeur d’Alene Idaho
20 years of Real Estate Development as Owner and Consultant
Over 40,000 square feet of commercial property owned and managed
Associations:
Board of the Sandpoint Chamber of Commerce - 2 Terms
Selkirk Board of Realtors - 3 Terms
Selkirk Association of Realtors Multiple Listing Board - 3 Terms
Bonner County Economic Development Corporation Board - 3 Terms
President of the Inland Empire Volleyball Club 4 terms
Single Family & Apts: Spokane
Joe Garst, Owner, Windermere City Group
Joe Garst was born and raised in Spokane, Washington and received a Bachelor Degree in Business from Gonzaga
University. After gaining experience in aerospace, automotive and medical sales, Joe began his Real Estate career in
2002. He was given the opportunity to manage a Real Estate office not long into his career. In 2008, Joe became the
Designated Broker/Owner of Windermere City Group, which is now located in the up and coming urban neighborhood of
Kendall Yards. In 2014, Joe was elected by his peers and had the privilege of serving as the President of the Spokane
Association of Realtors and is currently on the Board of the Washington Association of Realtors.
He believes in supporting the communities his firm does business in through volunteering and contributing to various
local organizations, such as Children's Clubhouse at Sacred Heart Medical Center and Greater Spokane Young Life. The
Windermere City Group office consistently chooses charitable projects as a group from serving meals together at the
Union Gospel Mission to participating in Windermere Community Day.
Joe is married to his lovely wife Kelly for almost 30 years and they have two incredible teenage boys, Grandin and Luke.
Waterfront
Jenna Nicol, Broker, Century 21 Beutler– Waterfront
Jenna has been a licensed Broker and Realtor for five years and is part of the Waterfront team at Century 21. They are
the only full service waterfront real estate company in the region. They have 4 brokers and over 35 years of experience!
Jenna is licensed in Washington and Idaho, serving Loon lake, Deer Lake, Waitts Lake, Lake Spokane (Long Lake),
Silver Lake, Clear Lake, Little Spokane River, Spokane River, Williams Lake, Badger Lake, Clark Fork River, St Joe
River, Cocolalla Lake, Pend Oreille River (ID), and Lake Pend Oreille.
Jenna graduated from Whitworth University (magna cum laude) with a B.A. in English Literature and Spanish. She is a
dual US-Canadian citizen and she loves skiing.
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2015 REAL ESTATE MARKET FORUM
Investment Real Estate
Access to Investment Capital
Robert Newell, Managing Member & Founder, Black Hawk Xapital Managers
Mr. Newell is the founder and CEO of Black Hawk Funding. He has over twenty years of experience in managing both startup and development stage companies in the hard money and commercial loan origination and resale business.
In 2007, Mr. Newell founded Black Hawk Capital Managers, LLC, a private company that focuses on investments tied to
commercial real estate loans and properties. Prior to 2007, Mr. Newell was Director of Operations for Black Mountain
Capital who had a $50 million joint venture with Prudential Real Estate. Mr. Newell has served as the COO of Bridge Capital
USVI, where he managed Bridge’s $250 million loan portfolio. Mr. Newell also founded and served as the President of RTC
Financial Advisors, a company responsible for over $500 million in real estate loan acquisitions through the Resolution Trust
Corporation (RTC). In 1995 he co-founded and operated www.hardmoneyfunding.com , the private real-estate lending
database Black Hawk Funding acquired in 2012 that was responsible for generating millions in loans until 2006.
Mr. Newell started his career as a registered investment advisor with Shearson Lehman Brothers and EF Hutton. He
received his BA and MBA in Business Finance from the University of Idaho. He is a pilot and enjoys tennis, golf, and
outdoor activities.
General Commercial: Kootenai
Doug Rall, Associate Broker, Coldwell Banker Schneidmiller
 Graduate Bozeman /senior High School, Bozeman, Montana.
 Graduate Montana State University, highest honors.
 Senior Accountant, Peat Marwick Mitchell & Company certified public accountants, Anchorage, AK.
 CFO, Eklutna Inc. Alaska native owned real estate development corporation, Anchorage, AK.
 Assistant Vice President of Real Estate, Brookside Savings and Loan, Los Angeles, CA.
 Controller, Pan American Land Development residential home building and sales company, Placentia, CA.
 CFO, Champagne Partners RV and mobile home park sales and development company, Palm Springs, CA.
 Owner and Broker of First Realty, a California real estate company, and Affordable Fast Tax, a
California tax preparation and accounting firm.
1992-2001
 Associate Broker Coldwell Banker Schneidmiller Commercial Realty, Coeur d’Alene, ID. 2001– 2015
 Real Estate Broker- Idaho, California, & Washington
 Certified Public Accountant (inactive)-Idaho, California, & Montana
 Member American Institute of Certified Public Accountants
 Member Coeur d'Alene Rotary
 Past President Coeur d’Alene Commercial Traders Club
 Member Spokane Commercial Traders Club
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Investment Real Estate (Continued)
Office: Spokane
Jon Jeffries, Office Specialist, Black Commercial, Inc.
Jon Jeffreys is a Commercial Real Estate Broker with NAI Black, specializing in Medical and Professional Office
leasing and sales. Jon is licensed in both Washington and Idaho, and is a member of SIOR (the Society of Industrial
and Office Realtors). In the past 3 years, he has completed over 150 office/medical office transactions. Jon
graduated with a Bachelor of Arts Degree from Washington State University in Business Finance. Jon is married,
knows sign language and enjoys golf.
Retail: Spokane
Guy Byrd,
Owner/Designated Broker, Sperry Van Ness/Cornerstone
Guy D. Byrd is the Owner and Designated Broker of Sperry Van Ness Cornerstone in Spokane Washington. After
graduating from Montana State University in 1985, Guy went to work in the family’s real estate firm. Throughout his
Commercial Real Estate career, Guy has specialized primarily in retail property sales, leasing, and development. In
2004 Guy and his business partner, Mathew Byrd, launched Cornerstone Property Advisors as a full service
Commercial Real Estate company in Spokane and the surrounding area. Recently Cornerstone Property Advisors
was chosen by Sperry Van Ness National Real Estate Advisors to become affiliated and represent Sperry Van Ness
in Eastern Washington and North Idaho. As of February 1, 2015 Cornerstone Property Advisors has become Sperry
Van Ness/Cornerstone, only the second Commercial Real Estate Company in Eastern Washington to carry a
national brand. Having worked in the real estate profession for 30 years, Guy is well-experienced in all areas of real
estate services, and is a licensed broker in both Washington and Idaho.
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2015 REAL ESTATE MARKET FORUM
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Bella Terra
Idaho Housing and Finance Association
NAI Black
Platinum Home Mortgage
Spokane Home Builders Association
US Bank Commercial Real Estate
Vargas inspection Professionals
Avista Corp.
Cutco Closing Gifts
Frontier Communications
Kiemle & Hagood Company
Lakeshore Realty
Spokane Association of REALTORS®
Macomber Law, PLLC
Idaho Trust Bank
Wells Fargo