real estate forecast real estate forecast

Transcription

11th
ANNUAL
REAL ESTATE FORECAST
THE TIME IS
2014
NOW
The Essential Connection
FRESNO COUNTY ECONOMIC DEVELOPMENT CORPORATION
1
Why
EDC Membership Matters
to my business
RECOVERING
from the Recovery
According to recent publications, the real estate recovery will gain momentum in 2014. This should
be good news to an industry that has experienced a recovery of fundamentals that has been much
slower than it is used to after a recession. In fact, the pace of recovery can make it difficult to spot
the signs of improvement until they are in full swing. At first glance, many of the trends identified
for 2014 are similar to those identified in previous years. The difference for 2014 is that the market
has progressed further in the economic and real estate cycles and we are now seeing real evidence
that the trends have momentum to make an impact on the real estate market.
Global
Partnerships
Local
Bobby Fena, SIOR
Senior Vice President | Principal
Colliers International
On the local front, the Fresno real estate economy seems to be mirroring the national picture,
albeit, at a little slower pace. Vacancy rates in all sectors of commercial real estate continue to
decline. This is due, in part, to the lack of new construction over the past couple of years with the
exception of the retail sector’s recent surge in construction activity.
As we stated over the last couple of years, as vacancies decrease, lease rates are firming up and
should continue ticking upwards this year. Most of the sublease space which was thrown into the
market during the recession years has been washed out of the system and now landlords can
compete on a more level playing field. Concessions in the form of free rent and over market tenant
improvement allowances are diminishing as well.
Resources
for Economic Development in Fresno County
On the sales front, there is still quite a bit of money sitting on the sidelines waiting for good value
added opportunities and income investments. A surge in activity for income producing properties
has driven capitalization rates to nearly record lows, particularly for well-located long term leased
properties with strong national credit tenants. The shelf life for these types of properties is very
short as 1031 exchange money and the aforementioned cash buyers snap up these properties
because of their secure nature as a hedge during these uncertain economic times. There is no
question that the pendulum has swung to the side of the seller for income producing properties.
CONTACT THE EDC TODAY!
to explore how partnering with us can positively affect your business
This year may well be the year that the real estate markets “recover from the recovery”. As the
US economy slowly improves, the breadth of investors and lenders interested in commercial
real estate is increasing. All of a sudden the banks are getting comfortable with the real estate
that scared the day lights out of them from 2007 until 2009. This level of optimism, however,
continues to be muted to some extent by a nagging feeling of uncertainty. The level of uncertainty
surrounding regulatory, fiscal, and monetary policy is on the rise and not likely to resolve any time
soon. The market will need to deal with this uncertainty as it relates to job creation, capital pricing
and the cost of doing business.
Phil Souza
Senior Vice President
Newmark Grubb |
Pearson Commercial
As you will ascertain from the presentations within, we are enthusiastic about the prospects for
2014 and trust that “recovering from the recovery” will come to fruition.
2
2014
REAL ESATE FORECAST
559-476-2500 • www.fresnoedc.com
3
SITE SELECTION
SERVICES
Lee Ann Eager
President/CEO
Data
Financing
The EDC provides customized demographic reports for special
areas of interest, including information on workforce availability,
wage rates, major employers and occupations.
We make business referrals to agencies to assist with Industrial
Development Bonds, loan guarantees, direct financing, local
development funds, grants, micro-loan programs and SBA loan
packages.
Site Selection
The Corporate Locations Department provides Fresno County real
estate incentive information, and coordinates site tours.
Incentive Calculation
We customize incentive calculation to provide clients with an
accurate monetary amount they could receive if their companies
take advantage of the programs available.
Workforce Training
The Corporate Locations Department coordinates with local and
state training programs, including Employment Training Panel,
Customized Training, and On-the-Job Training reimbursements.
We also make hiring referrals to a coalition of placement
agencies for recruiting, screening and interviewing.
Permitting & Regulations
The EDC works closely with local jurisdictions to coordinate
consistency and clarity for companies pursuing permits. We
assist companies in working with regional agencies such as the
California Environmental Protection Agency, the San Joaquin
Valley Air Pollution Control District, and the Fresno Metropolitan
Flood Control District.
Fresno County EDC
Real Estate Information
As California continues its economic recovery, the outlook for Fresno
County is looking bright. California’s economic climate shows growth
in almost every industry including construction, manufacturing,
biotechnology, retail, health services, and logistics and distribution.
After nearly five years of consistent recovery, California is finally on
solid ground. According to the University of the Pacific’s Business
Forecasting Center, the entire Central Valley will experience economic
growth in the next five years. Unemployment rates are projected to
drop to 10% in Fresno County by 2017.
For an up-to-date internet database of available industrial and
office properties, including vacant land, visit:
www.fresnocountycities.com.
Utility Analysis
We work with utility agencies in the coordination of rate analysis
for water, sewer, gas and electric based on company usage and
projected growth.
Throughout the Valley, food processing and agriculture-related
industries in particular are sectors that continue to have potential for
growth. Despite the current drought situation, we believe that new
opportunities will arise in the form of innovative drought solutions
and water efficiency technologies. Thus, we must work together as a
business community to find solutions to this devastating drought and
continue to assist our businesses and farms with their growth and
expansion.
After-Care Services
The EDC has created a retention and expansion program called the
“BEAR Action Network”. The prime directive of the program is to
enhance the stability and growth of existing businesses which will
result in job creation and capital investment.
Population growth in the
Central Valley is predicted to
soar, home prices continue
ESTHER CUEVAS
Director of Corporate Locations
[email protected]
559-476-2507
www.fresnoedc.com
to increase, more and more
businesses are expanding,
and the growth of new
businesses is on the rise.
4
2014
REAL ESATE FORECAST
All of these indicators point to a positive future for real estate in Fresno
County. As we look at what is before us, it is hard not to be optimistic.
Population growth in the Central Valley is predicted to soar, home
prices continue to increase, more and more businesses are expanding,
and the growth of new businesses is on the rise as our unemployment
continues to decrease. While new industries and technologies emerge
in our community and high speed rail begins to play an increasing
role in new business opportunities - we are poised for great things in
the real estate industry in the coming years. Fresno County is and will
continue to be the heart of the San Joaquin Valley and ‘The Time is
Now’ to be a part of our exciting future.
5
The 4 Biggest Catastrophes in Corporate
Event Planning And How To Avoid Them
Al Solis
Chairman
Fresno County EDC
How to Pull off the Perfect
Event Without the Stress.
Call us today for a free assessment of your upcoming
event (a $500.00 value)
www.msieventproductions.com
The Fresno County Economic Development Corporation (EDC) is
recognized as The Essential Connection for expanding economic
development throughout Fresno County. Supporting the region since
1981, the EDC markets Fresno County as the premier location for
business prosperity. In particular, the EDC facilitates site selection for
new businesses within Fresno County and assists in the retention and
expansion of businesses already located in the area.
559-346-1020
The Real Estate Forecast
publications serve as
barometers and strategic tools
to help our businesses, cities,
and communities.
Since 2004, the EDC has gathered local experts from diverse real
estate sectors to provide the community with information and
updates about the real estate market in Fresno County. This year,
the EDC proudly celebrates its 11th Annual Real Estate Forecast:
“The Time is Now”. Bobby Fena and Phil Souza have spearheaded
this event for over a decade and have worked tirelessly with our
guest speakers year after year to provide the community with real
estate forecasts, data, and statistics relevant to Fresno County. The
Real Estate Forecast publications serve as barometers and strategic
tools to help our businesses, cities, and communities monitor trends
and stay current with the local real estate market in relation to the
rest of the state and nation.
The Greatest Hits on Earth!
6
2014
REAL ESATE FORECAST
7
TABLE OF
CONTENTS
10
26
34
38
39
40
41
42
43
44
45
46
8
2014
REAL ESATE FORECAST
14
INDUSTRIAL
AGRICULTURE
28
OFFICE
TITLE SPONSOR:
PRECISION
COR P OR AT E LOCAT IONS
CIT Y OF CLOV IS
CIT Y OF COALINGA
CIT Y OF FIR E B AUGH
CIT Y OF FOWLE R
CIT Y OF FR E S NO
CIT Y OF KE R MAN
CIT Y OF KINGS B UR G
CIT Y OF ME ND OTA
47
48
49
50
53
54
56
57
60
18
RETAIL
30
INVESTMENTS
& MULTI-FAMILY
22
33
RESIDENTIAL
LUIS A. BELMONTE
CIT Y OF R EED L EY
CIT Y OF S A NGER
CIT Y OF S A N JOAQ U I N
CIT Y OF S E L MA
HIGH S P E ED RA I L
B E AR ACT IO N NETWO RK
B OAR D OF D I REC TO RS
E D C S TAFF
E D C INV E STO RS
CIT Y OF OR ANGE COV E
9
200,000 sq ft of new speculative
industrial development is planned for 2014
Nick Audino
•
The statistical trend lines for all indicators vacancy, lease rates,
property values, absorption, construction activity and land sales
are pointing in the right direction.
•
Slow steady economic growth and positive leading indicators have
lured companies back into the market. Many of these companies
are faced with little or no capacity for growth in their current
facilities after having downsizing during the recession.
•
Lease rates for large warehouse and distribution space rose to
$.33 psf and small industrial flex space to $.55 psf.
•
The average sales price for buildings 25,000 sq ft and smaller
was $53 psf, while large industrial greater than 100,000 sq ft was
$38 psf.
•
200,000 sq ft of new speculative industrial development is
planned for 2014.
•
Ground up development is becoming a viable option for users as
the price gap between acquisition and retrofit of existing product
VS new construction narrows.
•
Fresno is the least expensive location in California to operate,
when compared to Los Angeles, Long Beach, Oakland and the
North Bay.
•
California High Speed Rail Authority is actively acquiring property
up and down the alignment. The market will see increased
demand from businesses relocating, and businesses coming into
the area to work on the project.
•
The market will continue to transition from Buyer/Tenant to
Seller/Landlord in 2014.
Newmark Grubb | Pearson Commercial
Industrial
Mr. Audino has been a Senior Vice President at Newmark Grubb Pearson Commercial since 2013 where he
specializes in sales, leasing, acquisition, disposition and ground-up development of industrial property throughout
the Central San Joaquin Valley.
Mr. Audino began his career at CBRE in 1997 after graduating from California State University Fresno with a
Bachelor of Science Degree in Real Estate and Land Use Economics. During Mr. Audino’s tenure at CBRE, he
maintained the status of being one of the top producers from 2003 to 2013, and he was honored as the “Top
Producer” for six consecutive years.
Absorption
Absorption
Asking Rent and Vacancy
Asking Rent and Vacancy
1,000,000
$0.40
600,000
11.0%
$0.38
200,000
$0.36
9.0%
-200,000
$0.34
7.0%
$0.32
$0.30
5.0%
4Q08
4Q09
4Q10
Asking Rent (Price/SF/mo.)
4Q11
4Q12
4Q13
-600,000
-1,000,000
4Q08
4Q09
4Q10
4Q11
4Q12
4Q13
Vacancy (%)
Net Absorption (SF)
10
2014
REAL ESATE FORECAST
11
12
2014
REAL ESATE FORECAST
13
Submarket Vacancy
South of Herndon 2011-2013
Scott Buchanan
Vice President, Office Properties
West Shaw Colliers International
2013 Airport 2012 2011 East Shaw Office
Scott is a Vice President within Colliers Internationals Central California Office Properties Group and has leased/sold in
excess of 2,000,000 square feet of office space and commercial land. His areas of expertise are office properties – sales and
leasing, tenant representation, landlord representation, and investment properties.
Downtown As a Fresno native, Scott has extensive knowledge of the Central Valley, which has helped significantly strengthen his
knowledge of the Central California office market. Scott received his Bachelor of Science Business Administration, Marketing
and Real Estate Degree from University of San Diego, in 2002. Some of Scott’s professional and community service affiliations
include Saint Agnes Hospital Men’s Club and the University of San Diego Real Estate Institute.
0.00% Scott has been a consistent producer on one of the most successful office property teams in Central California since mid-year
2003 and has been named “Colliers International Top Performer in both 2011 and 2013.”
5.00% 10.00% 15.00% 20.00% 25.00% Historical Data – Vacancy Rates
2003 Through 2013
Transaction by Year
14.1 2013 11.8 TRANSACTION VALUE -‐ ESCROW 7.8 2012 14
2014
REAL ESATE FORECAST
7.2 13.19 13.03 13.01 12.97 8.4 TRANSACTION VALUE -‐ LEASES 2011 $0.00 8.4 12.5 1 1 $20.00 Millions $40.00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Annual Vacancy Rates FRESNO COUNTY ECONOMIC DEVELOPMENT CORPORATION
15
T H E P E A R S O N C O M PA N I E S
California’s Largest Ag Brokerage Firm
Get it all in our gated
Tuscan Villas community!
From beautiful open kitchens,
complete with granite and
stainless steel appliances to
energy saving solar panels.
www.pearsonrealty.com
FRESNO OFFICE | 7480 N Palm Ave Suite 101 Fresno CA 93711 | Grubb & Ellis/Pearson: 559.432.6200 Retail California: 559.256.1700
VISALIA OFFICE | 3447 S Demaree St Visalia CA 93277 | 559.732.7300 BAKERSFIELD OFFICE | 1801 Oak St Suite 119 Bakersfield CA 93301 | 661.334.2777
v i l l a s
DEEP ROOTS
SAN JOAQUIN VALLEY
Tuscan Villas features an intimate
neighborhood park and offers
several floor plans on lowmaintenance home sites.
CA
Colliers understands the local commercial real estate
environment. For over 45 years, we’ve been helping
to connect growing valley businesses with the right
real estate opportunities. From our oﬃces in Fresno
and Bakersfield, to our experts around the globe,
whatever your commercial real estate needs,
Colliers International is here to help cultivate
your success.
Located in the award-winning
Home
Sanger Unified School District, this
from
s starting
fast-growing area of Fresno offers
$220,950
easy freeway access and short
commutes around town and to
several nearby cities.
colliers.com/fresno
gvhomes.com • 559.445.9000 • 888.445.9770
16
2014
REAL ESATE FORECAST
Sunnyside Grove
Fowler/Chruch
17
E-Commerce Impacting Retailer Growth
Doug Cords
Vice President
Commercial Retail Associates
Planned Unit Growth by Retail Sector
(Next 12 Months)
17,208
The retail marketplace will
change more in the next FIVE
years than it has in the past 20.
15,935
42%
3,437
1,655
Retail
Doug Cords joined Commercial Retail Associates in 1999 and became active in tenant representation, shopping center leasing
and investment sales. Since that time, Doug has been involved in nearly 1,200 lease and sale transactions. Doug has been
recognized as a Top Producer at Commercial Retail Associates every year from 2003 to 2013 and was a recipient of the CoStar
Power Broker Award for Retail in the Fresno region from 2008 through 2012. Doug became a partner in Commercial Retail
Associates in 2011, and is licensed in the State of California as a Real Estate Broker.
Restaurant
Services
Misc
Apparel
Dollar
1,052
1,016
712
Home
Grocery
Drug
Source: Cassidy Turley Research (used with permission)
Doug graduated summa cum laude with a Bachelor of Science Degree in Finance from Santa Clara University in June of
1995. He earned a Master of Business Administration Degree from California State University, Fresno, graduating summa cum
laude in December of 1998. He began his career with Arthur Andersen, LLP and is licensed in the State of California as a CPA.
Doug is a member of the International Council of Shopping Centers and is active in coaching youth with the Fellowship of
Christian Athletes. Doug is married to wife Tarah and has three children, Lili, Lucas and Bennett.
Source: Cassidy Turley Research (used with permission)
18
2014
REAL ESATE FORECAST
19
We
help people
Retail
Medical
make money.
Office
Building Relationships for Life
Quiring General LLC - (559) 432-2800 - www.quiring.coml
Robert Wiebe
Kevin Hinton
Te n a n t I m p r o v e m e n t
Frank Hambalek
And we help them
We help people make money.
keep it.
Clients depend on us for solid advice and
• Asset Allocation Analysis
innovative strategies to make the most of
• Tax Deferred Exchanges
their real estate investments. We provide
a wide array of accounting and consulting
services to help you make the right
business choices.
Robert Wiebe
Hinton
Frankour
Hambalek
Whether
buying Kevin
or selling
property,
And we help them
• •Buy/Sell
Decisions
Buy/Sell
Decisions
• •Asset
Allocation
Analysis
Entity
Selection
• Tax Deferred Exchanges
• Property Tax Consulting
• Entity Selection
Common
Area Accounting
• •Property
Tax Consulting
• •Common
Area Accounting
Acquisition
and Disposition of Real Estate
• Acquisition and Disposition of Real Estate
keep it.
guidance throughout the process includes
benefits analysis, tax planning, financial
Whether buying
selling property,
guidance
consulting,
andornegotiations.
Callour
or email
us
throughout the process includes benefits analysis,
tax planning, financial consulting and negotiations.
to receive our free weekly newsletter or visit
us online at whhcpas.com
.
Call or email us to receive our weekly e-newsletter
or visit us online at whhcpas.com
20
2014
REAL ESATE FORECAST
7090 N. Marks Avenue, Suite 104 | Fresno, California 93711
7090 N. Marks Avenue, Suite 104 | Fresno, California 93711
whhcpas.com
559 -431-8334
559.431.8334
Real
Estate
| Construction
Real
Estate
| Construction
| Agriculture | Agriculture
21
December Months
Supply of Inventory
Total Homes,
PUDs, & Condos Sold
Fresno MLS
Fresno County
J. Scott Leonard
9,013
8,349
9,252
8,571
9,363
17.1
15
Number of Months
4,875
5,000
20
6,778
8,997
6,502
7,500
Guarantee Real Estate
8,407
President/CEO
8,009
10,000
7.1
2,500
J. Scott Leonard is the President and Chief Executive Officer of Guarantee Real Estate Corporation, a Berkshire Hathaway
Affiliate: Guarantee is engaged in the residential real estate brokerage business. Since assuming the position of President
and CEO in 1985, the company has grown from 45 employees to over 500. Guarantee was honored to be the 1997 recipient
of the prestigious Central California Excellence in Business Award as well as multiple “People’s Choice” awards and “Best of
the Valley” awards. In 2007, Guarantee Real Estate started the Guarantee Goodwill Network. Since its inception, the network
has contributed over $250,000 to local charitable groups focused on improving the quality of life throughout the communities
of California’s Central Valley. On December 31, 2012, Guarantee Real Estate was acquired by HomeServices of America, a
Berkshire Hathaway Affiliate. Scott continues as the CEO of the company.
Median Sales Price Homes,
PUDs, & Condos,
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
0
2013
Source: Fresno MLS
4.1
4.0
1.5
1.6
2003
2004
2005
2006
2007
2008
3.6
2009
2010
2011
2.9
3.1
2012
2013
Source: Fresno MLS
Market Share Short Sale,
REOs, Traditional Sales
Fresno County
2011
$194,500
$160,000
$137,000
$143,500
$145,000
$153,000
$251,000
$282,500
$245,000
$190,000
$225,000
$285,000
Fresno County Residential
$300,000
$150,000
5.1
5
Residential
0
9.5
10
$75,000
2012
19.0%
42.1%
Traditional
Short
38.9%
47.5%
15.9%
Short
Short
15.8%
Traditional
28.7%
REO
Traditional
23.8%
2013
REO
Short
68.3%
REO
Traditional
REO
Source: Fresno MLS
$0
2003
2004 2005 2006
2007 2008
2009 2010
2011 2012 2013
Source: Fresno MLS
22
2014
REAL ESATE FORECAST
23
Work
is Hard
The Fresno Housing Authority
works to create vibrant
communities, build quality
affordable housing, and support
the success of approximately
50,000 residents throughout Fresno
who reside in Housing Authorityowned complexes or who receive
Housing Choice Vouchers.
Play
Something
Easy
KJEWEL
FM
kjwl.com
24
2014
REAL ESATE FORECAST
25
Water
AllocationPercentage
Percentage
WaterDistricts
Districts Allocation
(2014(as
allocation
as of publication
of March
2014)date)
Stanley J. Kjar, Jr.
100
Vice President, Agricultural Properties
90
Pearson Realty
80
70
60
50
Agriculture
40
30
Stanley J. Kjar has been a member of the Pearson Realty Farm Department since November 2010. Prior to Pearson, he served as
Vice President and Operations Manager for Kings Equipment Company, Inc., his family owned farm equipment business. Stanley
helped grow the business during his 13 year management from a single store operation to three locations in Hanford, Selma,
and Madera. Kings Equipment Company was consistently in the top 25 dealers for Massey Ferguson in North America for over 37
years, and awarded top volume dealer for 6 of their last 10 years in operation. Stanley served on the Dealer Board of Directors
for the Massey Ferguson division of AGCO Corporation, based in Duluth, GA. He graduated from CSU Fresno in 1999 with a
Bachelors Degree in Agricultural Business, and also holds a California Department of Real Estate Broker’s license. In addition
to his extensive Agricultural Business knowledge, Stanley has also directly farmed grapes, almonds and row crops in Kings and
Fresno Counties. He specializes in the representation of clients selling and acquisitioning farm properties in the greater Fresno,
Madera, Kings and Tulare counties area. Since joining Pearson in 2010, Stanley has been involved in numerous Ag-real estate
transactions totaling more than $80 Million and 4,600 acres.
20
State
10
0
2002
2003
Fed CVP
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Farm Land Values
Farmwater,
Land Values
(avg. price with good soil,
and crop production history)
Commodity Prices Remained Stable to Strong
(avg. price with good soil, water, and crop production history)
45,000
ALMONDS
PISTACHIO
2013 crop slightly larger than forecasted 1.95 billion lbs. delivered to date vs. 1.85 billion forecasted
40,000
ALMONDS
Market prices passed $3.80/lb. level, but softened slightly since orchard bloom
GRAPES
35,000
Exports overall remain stable +4% 2013 vs. 2012
-25%
India
-26%
Western Europe +25%
GRAPES
Eastern Europe +21%
Wine
Middle East/Africa +37%
•
Market stable, long-term production contracts are becoming more difficult to secure
Raisins
•
Large raisin crop
•
Field price decreased 15%
Price Per Acre
TREEFRUIT
China
30,000
CROPLAND
P
r
i
c
e 25,000
P
e
r
20,000
A
c
r
e
15,000
10,000
ROW CROPS/FEED CROPS
•
Stable demand for all feed crops (Alfalfa, corn, grains)
DAIRY
•
26
2014
REAL ESATE FORECAST
Milk price has increased above breakeven levels for efficient producers
5,000
-
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
27
Simply put
water is money.
It means finding ways to
reduce water
consumption
to make properties
Conserving Water, Saving Money
As the market begins to gain
momentum after the monumental
downfall, those willing to invest
their dollars are looking to get
more value for their money spent.
Now more than ever, it has become increasingly important for businesses
to offer services and products that provide advantage over the competition.
In an effort to streamline the development process and offer its’ clients a
better return on their investment, Precision Civil Engineering, Inc. (PCE)
maintains a comprehensive list of services. Having multi-disciplines within
its’ design team brings corroboration, foresight and balance between all
disciplines since they are housed in the same office.
“The development process can be tedious and expensive, especially if you
have to use several companies to complete your project,” PCE owner Ed
Dunkel, Jr. said. “By offering most of our clients’ needs under one roof,
we’re not only simplifying the process for them, we’re making it more
timely and affordable.”
PCE takes pride in providing responsive turn-key services. They understand
the difficulties in trying to develop a project and assuring compliance
with legislative requirements. By keeping ahead of the curve with these
demands, whether it be water conservation, storm water, air, ADA, etc., PCE
helps their clients migrate through what can seem like a bureaucratic maze.
Water conservation is one of the most important topics today. Landscaping
is one of the greatest areas for water use. Brad Greenbury is PCE’s in-house
landscape architect, bringing more than 20 years of experience to the firm.
His extensive experience in designing planned residential developments,
model homes, shopping centers, industrial complexes and private estate
gardens throughout California, guides all PCE landscape architecture
projects. Brad understands the importance of water conversation and has
designed water-friendly landscapes for this issue.
28
2014
REAL ESATE FORECAST
more profitable.
Last year was one of the driest on record and this year will be likely even
drier with many cities considering implementing water restriction and water
rate increases. Now is the time for companies to make changes to be more
efficient.
LAND SURVEYING
Simply put water is money. It means finding ways to reduce water
consumption to make properties more profitable. The most significant
saving can be traced to landscaping, the greatest area for water waste. By
changing to water-wise plants and efficient irrigation components, great
savings can be achieved. The above changes can reduce landscape water
consumption by as much as 50%. Today the cost of water is not high, but
the time will come very soon when it will become the most costly utility bill
you have for every property you manage.
PUBLIC WORKS
According to Greenbury, “A Water Conservation Analysis of your property
will allow you to determine how much water is required per year.”
A landscape review of site plants and their annual water needs will
determine how much water is needed for a healthy looking landscape.
An evaluation of your current irrigation system; sprinklers, controller and
overall design for water efficiency will tell if you are using too much water,
and ways to conserve it.
“Consider a landscape and irrigation system evaluation to determine what
measures you can take to reduce water use and still have a landscape which
is pleasing to the eye. Not only is water consumption greatly reduced but
maintenance cost is also reduced,” Greenbury said.
WATER RESOURCES
TRANSPORTATION
MITIGATION MONITORING PROGRAMS
AIR IMPACT ASSESSMENT/ INDIRECT SOURCE REVIEW (ISR)
GEOGRAPHICAL INFORMATION SYSTEM (GIS) MAPPING
PLANNING
LAND DEVELOPMENT
LANDSCAPE ARCHITECTURE
PERMIT PROCESSING
CONSTRUCTION MANAGEMENT
STORM WATER (SWPPP)
BIOLOGICAL PERMITTING/PLANNING
PHASE 1 SITE ASSESSMENTS
PCE helps their clients navigate the convoluted system and stay
out of trouble through their Qualified SWPPP Developers (QSD)
and practitioners (QSP).
PCE has provided engineering services to the Valley for
more than 50 years. PCE was founded on the principles of
responsiveness, reliability, and integrity. Their experienced and
diverse staff is extremely committed to providing consistent,
responsive, and high quality service.
PCE is an established, full-service firm, serving as an advocate
for their private and public sector clients in the planning, design
and construction for a wide breadth of projects. They believe in
timely, affordable service and their qualified professionals allow
them to fulfill all of their clients’ needs within budget and on
schedule.
Their team brings a wide range of hands-on experience to
every assignment, permitting them to serve their clients during
each project phase, including due diligence, planning services,
design and construction oversight. PCE’s ability to establish and
maintain relationships means they offer the stability of a firm
that has developed strong ties with our community.
CULTURAL RESOURCES
CEQA/NEPA DOCUMENTATION
Another area PCE helps their clients is through Storm Water Compliance.
The State Water Resources Control Board Construction General Permit (GCP)
requires the development and implementation of a Storm Water Pollution
Prevention Plan (SWPPP) for projects that disturb 1 or more acres.
29
Fresno/Madera Sales 1995-2013
(w/ 10y, 6mCD & cap rates*)
Robin Kane
200,000&
10.25%&
180,000&
Hendricks-Berkadia
160,000&
Sales&
10yrT&
6mo&CD&
8.25%&
Cap&Rate&
140,000&
120,000&
6.25%&
100,000&
80,000&
Investments & Multi-Family
4.25%&
60,000&
40,000&
Robin C. Kane is Senior Vice President with Hendricks-Berkadia, a national apartment advisory firm. Prior to joining Hendricks,
Robin was the founding partner of RCK Organization. Client list included the FDIC, Sentinel Real Estate, State Street Bank, Bank
of America, Lend Lease, Heitman Financial, Legacy Partners, AIMCO, Downey Savings, UDR, Inc. and America First.
2.25%&
20,000&
0&
0.25%&
&
13
20
&
12
20
&
11
20
&
10
20
&
09
20
&
08
20
&
07
20
&
06
20
&
05
20
&
04
20
&
03
20
&
02
20
&
01
20
&
00
20
&
99
19
&
98
19
&
97
19
&
96
19
&
95
19
Since he appeared in 2013 Real Estate Forecast, Robin has transacted on over 1,700 units totaling more than $100,000,000.
2013 In Review
State of Commercial Real Estate Lending
% RATE RISE WAS THE BIGGEST STORY IN 2013
• Sales pace slowed in June but fully recovered in 4th Q
THE BALANCE HAS SHIFTED: MORE DOLLARS CHASING DEALS
The feds concerned, expect tighter underwriting • Lenders slowed, but accelerated production in 4th Q
REFINANCING: OWNERS SEEKING SMARTER PREPAYMENT
60 day payoff windows were a “dumb” move
• BUT Core Market values INCREASED (Cash, less leverage)
FRESNO MSA APT SALES HIT ANOTHER NEW LEVEL
• Sales have surpassed $120M, highest since 2006!
• 35 Sales in 2013 vs. 19 sales in 2012
DEMAND OUTPACING AVAILABLE SUPPLY
• Best of Breed Caps in 2nd mkts same as core markets
FNMA/FHLMC: RETURNING TO HISTORICAL LEVELS (35%)
2013 10% downsizing- minimal impact
2009-10: Peaked at 85%, currently 48%, dropping
Other lenders are stepping up, larger mkt share
THE BEST LENDERS FOR YOUR MULTI-FAMILY DEAL
For newer, smaller properties: FNMA
For older, larger properties: FHLMC
• CA Tertiary Markets: More liquid than 2nd Markets outside CA
Those with good relationships: Community Banks
• New buzzword: Value Funds
Older, more challenging deals: CMBS
Best of Breed: Life Cos.
EQUILIBRIUM FINALLY RETURNING TO CRE INVESTING
• Non-residential CRE increased faster than Multifamily
30
2014
REAL ESATE FORECAST
31
If You Can’t
Be There,
Be Here
New Home of
Fresno State Athletics
Luis A. Belmonte
Keynote Speaker
Seven Hills Properties
Luis A. Belmonte is a principal of Seven Hills Properties, developers
of retail, multi-family and industrial real estate in California, Oregon
and Nevada. Previously, he was an Executive Vice President of, and
one of the founders of, AMB Property Corporation, where he ran
their development program ($250 million per year) and supervised
management of assets (50 million sf) in the Western U.S. During
his tenure at AMB, he spearheaded its effort to enter the Mexican
market and developed its headquarters building on the San Francisco
waterfront.
Prior to his tenure at AMB, Luis was a partner with Lincoln Property
Company, responsible for industrial development projects in Northern
California. Over the course of 16 years, he developed in excess of
18 million square feet of industrial buildings. His responsibilities
included site selection, financing, construction management, leasing
and property management.
Luis spent three years on active duty with the U.S. Navy, during which
time he rode a destroyer escort on coastal patrol in Vietnam and
spent 13 months as the Naval Gunfire Liaison Officer, Fire Support
Coordinator and forward observer with the First Marine Regiment.
He graduated from the University of Santa Clara with a Bachelor
of Arts degree (cum laude) and did graduate studies in Political
Science at the University of Chicago and the University of California
at Berkeley.
The Place to be
in Downtown Fresno
He is a member of the Urban Land Institute, where he chairs one of
the Industrial and Office Park Councils. He is past president of the
San Francisco chapter of NAIOP. He is a board member of Boys Hope
Girls Hope San Francisco and Edgewood Center For Children, where
he serves as Finance Chair.
Civic Center Square is a pedestrian friendly,
commercial and retail community
that blends the history of downtown Fresno
with a clear vision for the future.
906 N Street, Suite 200
32
2014
REAL ESATE FORECAST
•
Fresno, CA 93721
•
559-485-4700
•
www.civiccentersquare.com
33
CORPORATE
LOCATIONS
CORPORATE
LOCATIONS
Fresno Best in California
Fresno County Economic Profile
Located in the heart of California, Fresno County
has an unmatched diversity of natural beauty,
recreational amenities, and business opportunities,
not to mention its proximity to three national
parks. Including an area of more than 6,000
square miles, Fresno County is California’s sixth
largest county. Within its boundaries are some of
the world’s most fertile agricultural land and most
majestic mountains, lakes, and forests. In addition
to country farm trails featuring the bountiful
harvest of the nation’s #1 agricultural county,
Fresno County supports a variety of core industries
including manufacturing, logistics and distribution,
alternative energy, healthcare, water technology,
food processing, and biotechnology.
From Fresno County, all of California and Nevada
can be reached within one day; most of the Western
Region can be reached within two days. More than
500 trucking and warehousing firms operate in
the area. Two major railways, Union Pacific and
BNSF Railway Company, operate several intermodal
facilities with connections to all outbound
destinations. The nation’s largest parcel carriers
– UPS, FedEX, and OnTrack, operate out of Fresno
Yosemite International Airport, with guaranteed
next day service available anywhere in California
and Nevada.
34
2014
REAL ESATE FORECAST
A 2013 site selection study compares the cost of operating a distribution warehouse in a series of 29 leading intermodal transportation hubs in
the U.S. West and Western Canada, including Fresno -- which recorded the lowest cost among the eight surveyed California locations.
Sacramento
FRESNO COUNTY
Comparing Cost to Operate a Distribution Warehouse
North Bay
CA Metro Area
Los Angeles
CA Metro Area
Fresno
Ca Metro Area
Average Hourly Earnings
$15.51
$14.18
$13.29
Annual Base Payroll Costs
$5,167,932.00
$4,724,776.00
$4,428,228.00
Fringe Benefits
$1,757,097.00
$1,606,424.00
$1,505,598.00
Total Annual Labor Costs
$6,925,029.00
$6,331,200.00
$5,933,826.00
Electric Power Costs
$2,284,800.00
$2,347,200.00
$2,284,800.00
Amortization Costs
$7,529,156.00
$6,597,572.00
$5,334,043.00
Property and Sales Tax Costs
$2,074,951.00
$2,344,600.00
$1,738,508.00
Shipping Costs
$2,745,474.00
$3,117,416.00
$2,936,284.00
Total Annual Geographically-Variable
Operating Costs
$21,559,410.00
$20,737,988.00
$18,227,461.00
San Francisco
Non-exempt Labor
Port of Oakland
Los Angeles
Port of Long Beach
San Diego
15 Cities 15 Choices
Population
2010
Current
Clovis
95,480
99,983
Coalinga
18,225
16,729
Firebaugh
7,488
7,777
Fowler
5,557
5,801
Fresno
414,182
508,453
Huron
6,757
6,790
Kerman
135,33
14,225
Kingsburg
11,384
11,590
Mendota
11,019
11,178
Orange Cove
9,074
9,353
Parlier
14,501
14,873
Reedley
24,094
24,965
Sanger
24,264
24,703
San Joaquin
4,012
4,029
Selma
23,229
23,799
Unincorporated
166,959
167,918
Source: The Boyd Co.,inc., Location Consultants, Prienceton, NJ.
Ground Shipping
2 Day
Delivery
Seattle
Butte
Portland
Boise
Jackson
Next Day
Delivery
Reno
Salt
Lake
Sacramento
Cheyenne
San Francisco
Denver
1/2 Day
Delivery
FRESNO
Los Angeles
Las
Vegas
Phoenix
Next Day
Delivery
ESTHER CUEVAS
[email protected]
559-476-2507
www.fresnoedc.com
Albuquerque
San
Diego
Tucson
2 Day
Delivery
35
COMMUNITY INCENTIVES
Foreign Trade Zone
The Foreign-Trade Zone (FTZ) Program is used to help encourage valueadded activity at U.S. facilities in competition with foreign alternatives by
allowing delayed or reduced duty payments on foreign merchandise, as well
as other savings.
• Duty deferral
• Duty elimination
• Inverted tariff relief
• Ad valorem tax exemption
• No time constraints on storage
HUBZone
The chief advantage a HUBZone Certification gives a small business is
preferential treatment when bidding on Federal Contracts.
• The HUBZone firm gains a 10% cost advantage in bidding on
government contracts over non-HUBZone competition
• Certified HUBZone firms can also qualify for higher SBA-guaranteed
surety bonds on construction and service contract bids.
Recycling Market Development Zone
The RMDZ loan program can also fund a maximum of 75% of costs directly
attributed to an eligible project up to a maximum of $2 million, whichever is less
• One-stop permitting assistance
• Waiver or reduction of development/permit fees
• Revolving loan fund and installment payment of fees
Job Training and Placement Services
County of Fresno Department of Social Services (DSS)
• Provides programs to ensure that individuals and families will be safe, self
sufficient, healthy, out of trouble at home, in school or at work
New Employment Opportunities (NEO) Program
• A DSS subsidized employment program giving CalWORKs participants
work experience that enables them to transition into unsubsidized fulltime
employment
Fresno Area Workforce Investment Board (WIB)
• Provides specialized job training and placement services
California Employment Development Department (EDD)
• Provides job placement, training, and labor market information
Development Financing
Federal Level
• Economic Development Administration (Grants & Loans)
• U.S. Department of Housing & Urban Development (Grants & Loans)
• Small Business Administration (7a Loan Guarantee Program)
administered by Valley Small Business Development Corporation
• CEN-CAL Financial Group (540 Loan Program and Micro-Revolving
Loan Program)
• USDA (Grants & Loans)
State Level
• California Infrastructure and Economic Development Bank
• Rural Economic Development Infrastructure Program (REDIP) (Grants
& Loans)
• Valley Small Business Development Corporation (VSBDC) (State Loan
Guarantee Program and a wide variety of other loan programs)
• Taxable Industrial Revenue Development Bonds (as allowed by State
and Federal law)
For more information on
local incentives, call the EDC
ESTHER CUEVAS
[email protected]
559-476-2507
www.fresnoedc.com
The Fresno Energy Watch Partnership is a
comprehensive Local Government Partnership
between the City of Fresno, the Economic
Development Corporation serving Fresno
County, and Pacific Gas and Electric Company.
At the core of this effort is the City of Fresno
and the EDC assuming a leadership role in
integrating utility energy efficiency programs and
services resulting in energy savings, increased
participation, education, and awareness.
The Fresno Energy Watch was recently
recognized with an Honorable Mention in
the American Council for an Energy Efficient
Economy’s Third National Review of Exemplary
Programs by its Expert Review Committee.
Primary selection criteria included direct energy
savings, market impacts, cost effectiveness,
customer service and satisfaction, innovation,
and transferability.
Every dollar you spend on energy is a dollar lost for
something else that can make your business more
successful. Believe it or not, the amount you spend on
energy is up to you. The good news is that the Fresno
Energy Watch is here to help. Simply by going to www.
FresnoEnergyWatch.com, you can:
• Get a customized set of no- and low-cost
programs you may qualify for, just by answering
a few simple questions about your facilities and
operations
• Identify rebates to help lower the cost of
becoming more energy efficient
• Explore financing options created specifically for
energy efficiency projects like our zero-interest
POWER Loan
By consulting with professionals, taking advantage of
rebates, and utilizing attractive financing options, you
could see positive returns from day one and may see
significant results over the long term.
FresnoEnergyWatch.com
THIS PROGRAM IS FUNDED BY CALIFORNIA UTILITY CUSTOMERS AND ADMINISTERED BY PG&E UNDER THE AUSPICES OF THE CALIFORNIA
PUBLIC UTILITIES COMMISSION. “PG&E” REFERS TO PACIFIC GAS AND ELECTRIC COMPANY, A SUBSIDIARY OF PG&E CORPORATION.
©2014 PACIFIC GAS AND ELECTRIC COMPANY. ALL RIGHTS RESERVED.
36
2014
REAL ESATE FORECAST
37
CITY OF
Clovis
CONTINUES A
CITY OF
POSITIVE TREND
Coalinga…
Nestled in the Pleasant Valley at the eastern edge of
California’s Coastal Mountain Range, Coalinga lies
on the sunny side of the Valley where the air quality
is better and the winters are fog-free.
Development activity remained extremely active in the City of Clovis during 2013.
Building on the previous year’s activity, continued growth created a positive indicator regarding the health of the community.
The 450,000 square foot Clovis Crossing Shopping Center is nearly built-out with
the addition of several restaurants and retailers - many who are new to the Clovis
market like BevMo, Kirkland’s, Habit Burger, Homegoods, Dress Barn, Maurices and
Shila Korean BBQ.
Retail buildings that sat vacant for much of the recession are now home to Burlington, Wal Mart Community Market and True Value Hardware. These new retail
center anchors are instrumental in the renewal of the shopping centers where they
are located.
New home construction has rebounded from the low point during the recession to
850 single family permits being pulled in 2013. This returns new home permitting
to Clovis’ 25-year average.
As Clovis’ General Plan update nears completion, it creates a picture of the Community’s future out to 2035. Community members, City staff and the City Council have
made decisions that will shape the growth into the urban centers of the southeast,
northwest and northeast. The General Plan update also looks to the core of the City
to make sure those areas do not get left behind. Additionally, the Shaw Avenue
Corridor Plan is nearing completion and work on the Old Town Plan is just beginning.
The Clovis City Council has taken action to reduce the cost of developing in Clovis. In
May, the Clovis City Council approved a revision of the master fee schedule to adjust
fees and reduced major facility sewer and water, outside travel lane, traffic signal
and parks fees for office and industrial development. In addition, Council approved
a Core Area Fee Reduction Program that reduces development fees in the core area
by eliminating sewer major facilities, parks, fire and police fees. Clovis’ Core Area is
all land located south of Sierra Avenue to Ashlan Avenue and west of Locan Avenue
to Willow Avenue. The elimination of these development fees reduces costs by as
much as 70%. According to Mayor Ashbeck, “Business development is essential
to the City. Reductions in development fees for job-generating industrial and office
development, along with Clovis’ efficient permit processing and assistance for new
businesses, will help continue to stimulate and diversify our local economy.”
Nestled in the Pleasant Valley at the eastern edge
of California’s Coastal Mountain Range,
Projects Underway /Projects Recently Completed
The City of Clovis is a well-planned, affordable community. It is a great place to live
and to operate a business. In January of this year, the City of Clovis was ranked No.
1 in California to Raise a Family by leading money blog NerdWallet.com. The rankings involved scoring California cities in five categories which includedschool ratings,
home values, home ownership costs, household income, and income growth. This
allowed Nerdwallet.com to determine which California cities had the best combination of good schools, affordable housing, and opportunities for economic growth
which are critical for families to thrive.
Business development is important to Clovis. It helps facilitate the creation of new
jobs, opportunities for residents and tax revenue that provides for city services. City
Council and staff remain committed to business success. It is our goal to reduce red
tape, be responsive and make Clovis the “place of choice” to live, work, and play.
Contact: Tina Sumner
Community & Economic Development Director
(559) 324-2082
[email protected]
38
2014
REAL ESATE FORECAST
•
Elm Avenue (SR198 Beautification)
•
Downtown Plaza Rehabilitation
•
New 3 Million Gallon Potable Water Tank (photo)
•
DaVita Dialysis Facility
•
Big 5 Sporting Goods
•
Save A Lot Food Store
•
Dollar General
•
Coalinga HS Modernization Program
•
Chevron Solar to Steam Plant (photo)
City Infrastructure
•
12 million gallon/day surface water treatment plant
•
19 million gallons of water storage capacity
•
Class 3 ISO Rating
•
1.34 million gallon/day wastewater capacity
•
City is the natural gas provider within city limits
Contact: Rene A. Ramirez, City Manager
(559) 935-1533 ext. 111
[email protected]
Coalinga is surrounded by hills, ranches and is located 65 miles southwest of Fresno,
the state’s fifth largest city and 10 miles west of Interstate 5. It is a full service city with
a high quality of life, low crime and quality housing providing a wide range of services
to approximately 18,000 people. Coalinga is home of West Hills Community College,
an excellent school system, regional medical center, and a recreation and parks district.
Coalinga resides within the Monterey Shale region. A renewed spirit of energy
exploration and extraction has emerged. Opportunities for those businesses that
support the energy industry are evolving. There is a need for human resources, heavy
equipment, and parts and supplies. Agriculture is another industry that dominates this
part of the Central Valley. The Pleasant Valley is home to an ever increasing forest
of almond and pistachio trees, trees that grow well with the native ground water.
In addition to the nut trees, carrots and tomatoes can also be found growing in the
Pleasant Valley.
West Hills Community College offers a variety of vocational programs on campus and
at their Farm of the Future. The College is well-suited and willing to work with industry
to develop new programs around the needs of industry.
In addition to proximity to Interstate 5 and its capabilities for express west coast
transportation, Coalinga operates its own municipal airport. This facility is open 24
hours per day, subject to weather conditions, air traffic and runway conditions. The
airport runways are capable of servicing single-wheel aircrafts with a gross weight less
than 12,500 pounds and dual-wheeled aircraft with a gross weight less than 30,000
pounds. The main runway is 5,000 foot long and the cross-wind runway is 2,471 feet
long. There are 16 enclosed hangers, each with an area exceeding 1500 square feet,
and a 50-foot by 50-foot Helipad.
Coalinga’s great weather allows for many family oriented activities and events to take
place including: Wham-O-Bass Hot Air Balloon Festival in November, a Farmer’s
Market at Keck Park during the Summer, Horned Toad Derby Days during the
Memorial Weekend, and the Shift S3ctor Track Events (high performance cars) in the
Spring and Fall.
39
CITY OF
CITY OF
Firebaugh
Fowler
THE BLOSSOM TRAIL CITY!
A HARD WORKING
FAMILY TOWN
After experiencing a slowdown in commercial development, Firebaugh is
showing signs of coming out of the economic depression of the past several
years. As one would expect agricultural related businesses have lead the way
TomaTek.
What others say:
The City’s largest business, TomaTek, continues to thrive and grow in
Firebaugh. TomaTek is one of the largest tomato processors in the Central
Valley and a very important regional business.
“From City Management
through all departments and
staff, they understand the
Another such business is the Seasholtz’s family company, Sweetwood Farm,
Inc. doing business as Red Rooster Sales. In 2012, the company processed
nearly 45,000 tons for fresh tomatoes, which means they packed and shipped
2,656,000 boxes. In addition, Red Rooster operates a ripening Cold Storage
and shipping facility at its Firebaugh site. On an annual basis between
packing, shipping sales, tomato production and harvesting the company has
nearly a six million dollar payroll and spends one million on local businesses.
Signs of commercial/retail growth are also progressing in town. An 8,240
square foot Family Dollar store building has opened along with Auto Zone in
2013. The Family Dollar is expected to provide a needed retail offering in the
City and create a sales tax boost.
Most exciting for the City and the northwestern region of Fresno County is that
West Hills Community College District is making MAJOR INVESTMENTS in
the Firebaugh Community College Center and has been finalizing plans for a
campus expansion. This excellent education resource for the community is in
the planning stages and hopefully will begin construction in 2016.
West Hill Community College, North District, Firebaugh Center has spent the
past six years renovating their present campus. This includes purchasing new
furniture, replacing carpets, building new men’s and women’s restrooms,
installing a surveillance camera system and establishing a new video camera
system to teach videoconference courses. Included in the Firebaugh Center’s
Facility Master Plan is a 40,000 square foot two-story main campus building.
Planned for the future are a joint College-Fresno County Library, additional
science labs, faculty offices, and a multi-purpose room. It is anticipated that
these facilities will be completed within the next five years.
Contact: Kenneth McDonald, City Manager
[email protected]
(559) 659-2043
www.ci.firebaugh.ca.us
40
2014
REAL ESATE FORECAST
concept that time is money”.
LAND AVAILABILITY
Jeff Wolpert, Vice President
Newmark Grubb/Pearson
Commercial
Firebaugh has over 800 acres of
available land designated for industrial
development and nearly 50 acres
available for commercial development
Foreign Trade Zone
Federal Research and Development Tax Credit
New Market Tax Credit
Fowler is unique - while it offers a small town charm, it is also a progressive
community on the move. It is an ideal place for new businesses due to its prime
central location, proximity to Southern Pacific railroad, major highways and
business routes such as Highway 99, Golden State Boulevard, and Manning
Avenue. It also offers plenty of land for business expansion projects and economic
development in its large industrial corridor. Fowler is also known for its wellkept neighborhoods, attractive downtown, highly acclaimed school district, and
its quality affordable housing.
Why Choose Fowler
•
•
•
•
•
•
•
To encourage economic development Firebaugh
participates in a number of business tax incentive
programs in Fresno County including:
•
•
•
•
Fowler is a small community located in the San Joaquin Valley approximately
5 miles south of Fresno. Fowler is considered one of Fresno County’s best
kept secrets. With its distinct “Americana” atmosphere, friendly citizens, close
proximity to Sequoia and Yosemite National Parks, and just a few hours’ drive
to San Francisco, the Central Coast, and Los Angeles - it’s a great place to live
and work.
Great place to do business
Superb quality of life
Close Proximity to Highway 99
Ready to work labor force
Local hiring incentives
Foreign Trade Zone
Contact: David L. Elias, City Manager
[email protected]
559-834-3113 ext 101
www.fowlercity.org
41
Kerman
CITY OF
CITY OF
Fresno
GROWING,
GROWING,
GROWING
Contact: Luis Patlan
559-846-9387
[email protected]
Kerman’s focus is on “service, safety and livability.” This commitment has resulted
in a safe community, new businesses and housing development, and major
investments in public infrastructure. Come see what Kerman has to offer.
Infrastructure
Service, incentives, and flexibility are the touchstones for business expansion
and attraction for the City of Fresno industrial real estate forecast for 2014
and beyond. Newly developed programs and incentives mean Fresno stands
ready to help your business achieve success.
Business Friendly Fresno streamlines your development The Business Friendly Fresno (BFF) initiative streamlines and enhances customer service for
development projects. Launched in January, the BFF targets site plan review and concurrent
permit submittal for thirty day turn-around, to get businesses up and running on budget and
on time.
The new iDIFER program reduces or eliminates your impact fees In January of this year, the city passed the Industrial Development Impact Fee Elimination/
Reduction (iDIFER) program that allows the City Manager, for qualifying industrial projects,
to eliminate or reduce all city-wide impact fees. A typical 155,000sf industrial building can
save up to $176,000 in city-wide impact fees.
Business concierge service walks you through the city process The City of Fresno is committed to your business success. A newly re-constituted Office of
Economic Development provides concierge services for business expansion and attraction. The
City is ready to work with businesses to provide tailored, targeted and flexible incentives for
business expansion and attraction.
For expanding or growing your business in California, Fresno’s focus on industrial economic
development means the sum total is greater than the parts. Fresno is ready for you!
Committed to your success
For more information, or to talk about your business
expansion or location needs in the City of Fresno,
please contact our Economic Development Director,
Larry Westerlund, at (559) 621-8355
or [email protected]
42
2014
REAL ESATE FORECAST
Wastewater Treatment Plant Expansion. In 2012,
Kerman completed one of the largest capital
improvement projects with a $6.7 million upgrade
expansion of the City’s wastewater treatment plant.
At 2.0 million mgd, the City can accommodate new
growth and development well into the future.
Enhanced Economic Development Electrical Rate
lowers your operating costs –
Fresno, in collaboration with PG&E, won final approval from the California Public Utilities
Commission for the Enhanced Economic Development Electrical Rate. This program allows
qualified new or expanding businesses to qualify for up to a 30% reduction on their
industrial energy rates.
Commercial/Retail
Solar Array Project. To offset the higher electricity
costs to operate the wastewater treatment plant,
the City installed a 500 kilowatt solar array as
a way to not only cut costs, but also generate
employment, promote sustainability, and shield Kerman ratepayers from
volatile increases in utility rates. This state-of-the-art solar project provides
70 percent of its energy needs by generating power at a rate of 940,000
kilowatt hours annually. By going solar, ratepayers now enjoy an approximate
40-percent net reduction in plant-related electricity costs, equal to a savings of
more than $1.9 million over twenty years.
Industrial
Panoche Creek Packing Expansion. Kerman is
home to one of the largest almond handlers
in the industry, Panoche Creek Packing. The
company recently completed an 87,750 sq. ft.
building addition on a 3.75 acre site adjacent to their existing operations. The
company now occupies over 400,000 sq. ft. under one roof on 21.75 acres in
Kerman’s industrial park. Panoche Creek employs 207 people and plans on
adding more employees with the latest expansion.
Mid Valley Disposal Expansion. Headquartered in Kerman,
Mid Valley Disposal is scheduled to begin the first of a three
phase expansion this summer of its recycling and transfer
station operations. Phase II and III are scheduled to follow
in 2016 and 2017. Mid Valley will add a state-of-the-art
composting operation, expand the material recovery facility and transfer
station, construction and demolition waste processing area, and new anaerobic
digester. Mid Valley Disposal has a staff of 163 employees and plans on hiring
at least 20 additional employees as part of phase I expansion.
Walmart. The new 160,446 sq. ft. Kerman Walmart
store opened in August of 2013. Walmart has hired
300 full and part-time employees with the majority
from Kerman and the outlining areas. The site
includes three smaller out lots. Taco Bell, the first tenant, opened in December
of 2013 and Panda Express is slated to open in early summer 2014.
Residential
Hacienda Heights. A new 68- unit apartment complex
opened in February of 2013. The project was developed
on a 5.5 acre in-fill site and consists of 2 and 3 bedroom
units. The complex features a community room,
computer center, pool, playground and barbecue area. The Mediterranean
style architecture features tile roofs, stone veneer, archways, and decorative
wrought iron throughout.
Single-Family. Kerman’s low crime, good schools,
shopping, parks and short commute to Fresno/
Clovis makes it an ideal location for new singlefamily housing construction. Kerman welcomes
home builders to come see what opportunities are
available for new residential development.
Visit Today
Kerman is becoming the center of opportunity in the Fresno County region where
families and businesses thrive. Kerman is a progressive and future-oriented
community – one that continually encourages business and commercial growth.
The City knows that timing and predictability are key ingredients for business
success. Kerman has established a reputation as a jurisdiction that is responsive
in processing building permits and land use applications in a fast and efficient
manner. Kerman has the right attitude for your business. Come visit Kerman and
see what we can do to help you grow your business.
43
Kingsburg
CITY OF
CITY OF
INCENTIVE PROGRAM REAPING BIG REWARDS
Mendota
IF IT’S STEADY, CONSISTENT GROWTH YOU’RE AFTER,
THE TIME IS NOW!
IT CONSISTS OF THREE PRONGS:
Kingsburg’s Open For Business incentive program has
contributed to several new businesses opening up with
over 600 new jobs created.
FASTER PERMITS
A streamlined 21 day administrative approval permitting process.
The program was developed based on a survey of area
brokers, developers and commercial real estate owners.
NEW INCENTIVES
50% rebate of the City’s real estate property taxes and sales taxes for three years.
LOWER FEES
25% reduction in the City’s Capital Facilities Fees.
There is one more year left to take advantage of these great incentives.
Mendota’s City Council continues to move forward with an encompassing economic development strategy
that involves planning for new road projects, increased sewer infrastructure, and assorted construction
developments that will not only function to provide better services, but increase the curb appeal of its town.
In this respect, recent street reconstruction projects have created more attractive looking neighborhoods. The
program “Safe Routes to School,” has provided funding to improve curbs, gutters and sidewalks. Additionally,
the adoption of community-friendly code enforcement has facilitated the improvement of neighborhood
aesthetics thus allowing for a heightened sense of community pride.
SUCCESSFUL ANNEXATION
Kingsburg’s highway commercial and industrial footprint just got much bigger with the annexation of nearly
431 acres along Highway 99 from the current city limits to Mountain View. According to Mayor Chet Reilly,
“We are pleased that the long awaited annexation was recorded recently. While much of the land that was
included in the newly annexed property is developed, including major companies like Sunmaid, Guardian and
Vie-del, the agreements made with the Consolidated Irrigation District and Fresno County Fire as part of this
process cleared many of the hurdles that developers once faced. We are committed to land-use policy in the
annexed area that will encourage retail and commercial development while preserving the ability for the large
industries that are there now to expand their operations and thereby increase job opportunities in the area.”
BUSINESS PLAN COMPETITION
The city successfully launched The Launching Pad business plan competition to entice entrepreneurs to start
their business in Kingsburg. The winner received $25,000 in goods and services to help make their dream of
opening a business a reality. All three finalists plan on opening their doors in 2014. Economic Development
Coordinator Jolene Polyack said, “Economic Development committee member Sherman Dix came up with the
contest and it was perfect for Kingsburg. We focus on fostering the small start-up businesses and this was a way
to get the word out that we really do want those types of businesses here in Kingsburg. Starting a new business
can be daunting. If we help navigate would-be owners through the maze of start-up bureaucracy, they can
shift their attention to the actual business itself and increase their odds of success. ” The city continues to help
entrepreneurs every step of the way as part of their economic development program.
Located on Highway 99, Kingsburg is midway between Los Angeles and San Francisco. Nearly 60,000 cars travel
this highway each day, making for great visibility and accessibility. Kingsburg has 57 cumulative acres of shovel
ready land within the city limits with access and visibility to the highway plus newly annexed acreage, much
of which is available for development. The attributes of being upscale, with low crime, low cost of living, and
a family oriented culture make Kingsburg a desirable location for any business. Couple location and lifestyle
desirability with an excellent incentive program and everyone wins.
44
2014
REAL ESATE FORECAST
Contact:
Alexander J. Henderson, City Manager
City of Kingsburg
(559) 897-5821
[email protected]
WHILE MENDOTA LOOKS FORWARD TO CONTINUED GROWTH AND
PROSPERITY, CHALLENGES ARE STILL ON THE HORIZON.
This year, for instance, Mendota’s workforce, and community, will face unprecedented drought conditions that
will inevitably cause higher than normal unemployment. To this challenge, Mendota will look for opportunities
to increase water conservation awareness and implement new technologies to achieve maximum efficiencies
and effectiveness in irrigation techniques and processes.
While more than a few factors will eventually determine how Mendota does in 2014, the residents of Mendota
will continue to press forward with a strong work ethic and a can do attitude.
Unyielding achievement can be borne out of difficult times. The recovery of Mendota’s housing market is one
of the consequences that continues, albeit slow, to steadily improve.
Because of recent successes, Mendota is confident that 2014 will be a time of steady growth, improvement,
and excitement for both its residential and retail real estate markets. Because hard work and patience will
continue to advance Mendota’s real estate projects and community pride, the time is now to invest in Mendota!
Contact: Matt Flood, City Clerk
(559) 655-3291 ext. 115
[email protected]
45
CITY OF
OrangeCove
CITY OF
Reedley
100 YEARS AND STILL GROWING BUSINESSES!
HONORING OUR PAST, EMBRACING
OUR FUTURE, COME GROW WITH US!
Available Land:
The City of Orange Cove has
14.4 acres of industrial land
with infrastructure in place
to ease the construction of
a new facility and a total
of 44 Acres designated
for Industrial land, plus
commercial land available.
Contact: Samuel A. Escobar
City Manager
Ph. (559) 626-4488 ext. 215
Fax. (559) 626-4653
The City of Reedley turns 100 this year. Reedley has dusted off the cobwebs
and has been busy polishing and preparing the city for the next 100 years. With
tens of millions of dollars in new infrastructure construction happening in 2014,
Reedley is the place to plant your business and grow.
The City of Orange Cove is an abundant agricultural community located along the
eastern foothills of the Sierra Nevada Mountains. Orange Cove is approximately a 4
hour drive between Los Angeles and San Francisco Bay, the city lies 35 miles southeast
of Fresno, eastbound of state route 99.
THE CITY OF ORANGE COVE PROUDLY ENJOYS A YEARROUND HARVEST OF HUNDREDS OF ACRES WITH A
VARIETY OF ORANGE AND LEMON CITRUS FRUITS,
WITH MAJOR PACKING OPERATIONS SURROUNDING
THE COMMUNITY.
The City Council recently approved a diverse committee to collaborate with the
Executive Director in the office of Community and Economic Development, at Fresno
State University, to create an economic strategic plan. The City’s goal is to continue
identifying high-value businesses, prioritize target industries, identify community
strengths and develop a guide for industrial attraction. Therefore, the City of Orange
Cove with confidence and decisiveness will be able to facilitate new job creations, better
opportunities for current and future residents and tax revenue that will continue to
provide city services.
•
•
•
•
•
•
Streamlined permitting processes and low building fees
Ample water and wastewater capacity
Easy access to Freeways 99 and 180
Among the lowest crime rates in Central CA
Rail spur lines in industrial areas
Full service hospital with ER
•
•
•
•
•
Diverse, family-oriented community
In the exceptional Kings Canyon Unified District
Reedley College Job Training Opportunities
Quaint downtown with over 90% occupancy
Recreational beaches, historic Reedley Opera House
The City of Orange Cove provides support and networking opportunities to our new
and existing business for business growth and retention. The municipal outreach has
led to the creation of a streamlined building and planning permitting process. The City
of Orange Cove is also dedicated to providing incentives by waiving or deferring certain
impact fees for new developments within the City.
WELCOME TO ORANGE COVE,
HOW MAY WE HELP YOU?
Contact: Nicole R. Zieba, City Manager
(559) 637-4200 ext. 212
[email protected]
46
2014
REAL ESATE FORECAST
47
CITY OF
Sanger
In 2013, manufacturing and Industry led the way to an all-time high
in Sanger sales tax revenues. With year-over-year increases of 69% in
Heavy Industry, 39% in Construction, and 37% in Building Materials,
Sanger sales tax revenues now exceed the pre-recession high water
mark by a substantial margin. Sales tax revenues were also bolstered
by an average 28% increase in new and used automobile sales. Overall
sales tax growth is at about twice the rate for the entire region.
Mayor Joshua Mitchell is confident that industrial activity will continue
to lead the way in 2014, especially now that the City is offering shovelready industrial land for sale in the fully-developed Kings River
Technology Park.
“Prime industrial land with easy connectivity to the
state’s freeway network is good for business, so we
expect to see continued growth in manufacturing,
job creation, and sales and property tax revenues
from this sector for the foreseeable future. Our
Council will also be considering a comprehensive
package of financial incentives for new and
expanding industrial businesses that will make
building in Sanger very attractive”, the Mayor said.
Last year we saw a tremendous bump in commercial development. On
the busy Academy Avenue corridor State Foods Supermarket, Sonic
Restaurant, Les Schwab Tires, and Family Dollar grocery stores have
announced plans to construct new facilities.Construction has already
begun on two of the projects and the other two will break ground within
a few weeks. Jensen Avenue, the City’s main east/west corridor, saw
completion of a commercial strip center and doubling the size of the
All Star Food Market, plus an announcement that Carl’s Jr. will build a
new restaurant in the existing Sanger Shopping Center at Bethel and
Jensen.
CITY OF
ROARING BACK
SanJoaquin
AN OASIS
FROM RECESSION
POISED FOR GROWTH
Perhaps the most exciting new commercial project for the City is the
construction of new medical facilities to serve patients from eastern
Fresno County. United Health Centers will construct a new multi-story
facility in the downtown business district that will offer comprehensive
medical care in the fields of maternity, dentistry, internal medicine,
pediatrics and other specialties. The City participated in the assembly of
land for this new facility by selling a parcel that was previously part of
the Sanger Redevelopment Project Area. Ground break is scheduled for
April 2014 with an eight-month construction timeline.
The City of San Joaquin continues its focus on quality of life, safety and future economic
opportunities for its residents. The City has finished its $8.1 million dollar waste water
treatment plant expansion and recently expanded its security surveillance system. The
expansion of the wastewater treatment plant doubled its capacity. With an expanded
surveillance system accessible by the Fresno County Sheriff’s Department, the City
continues to have the lowest crime rate in Fresno County. Residents and businesses
alike enjoy the small town atmosphere and camaraderie found in the oasis – called the
City of San Joaquin.
Sanger’s new medical center will sit directly across 7th Street from
a new 18,000 sq. ft., 53-suite office complex that was completed last
summer and is already at 82% occupancy. The medical center will also
be complemented by a new private dental practice on P Street directly
to the west. Sanger’s next big venture is to bring a new 10-screen movie
theater into or near the downtown business district, and negotiations for
that project are already underway.
CITY-WIDE GROWTH
Home construction in Sanger is active and growing with five subdivisions
currently under construction, as builders step up to provide an attractive
selection of home designs and prices to accommodate the demands of
buyers who choose to relocate to Sanger. The Sanger Unified School
District, regarded as one of the best in the State, is a constant draw for
families that want the best education for their growing families. By all
accounts and all measures, 2014 will be a banner year, and Sanger is
truly Open for Business!
To further strengthen the City’s character, the General Plan includes community design to address new
construction and a regeneration of downtown. Creating open, public spaces that allow for continued
growth and further enhancement of the downtown area are all important aspects for economic,
community, and individual development. The city of San Joaquin is ready for growth. With the help of its
residents, collaboration with neighboring communities, as well as input and support of local businesses,
the city will become a key player in the Central Valley.
EMPHASIS ON COMMUNITY
Contact: Dan Spears, Manager
Community & Economic Development
(559) 876-6300 ext.1520
[email protected]
Aside from the focus on growth in the business sector, the City completed a study for a rural energy
efficient affordable housing model planned for development this year. Improvements to the local
landscape continue with green-scape, walking trails and a community garden. The updated General
Plans address use of vacant parcels to accommodate additional parks, stores, and housing. All aspects of
city governance are geared to maintain the family-oriented community that possesses small town charm
– making San Joaquin an oasis for its residents and its businesses alike.
Beyond its city borders, the City Council and staff recognize the need to work in unison with nearby
communities for mutual benefit. Under the leadership and vision of San Joaquin’s elected officials,
professional staff and civic-minded citizens, the community stands ready to grow and prosper.
Contact: Cruz W. Ramos, City Manager
(559) 693-4311 ext. 18
[email protected]
48
2014
REAL ESATE FORECAST
49
Land
CITY OF SELMA
NEED
an incentive
FOR MULTIPLE
USES AVAILABLE
TO HIRE?
The City of Selma has a business-friendly atmosphere to develop your project. Whether you are interested
in developing a commercial, industrial or residential project, our staff will do what it takes to make your
project work.
www.ready2hire.org
Selma has an inventory of industrial property that can accommodate your project, whether lease,
purchase, or built to suit. The properties available are perfect for the company who wants to develop a
presence on the West Coast. The City has a proven track record of being business-friendly, and we will
work to have your business up and running on your schedule. Incentives are negotiated on an individual
client basis. Many parcels have close freeway access.
GOLDEN STATE INDUSTRIAL PARK
Golden State Industrial Park is a 345,000 SF multi-building development catering to manufacturing
businesses. The Park is located at 1775 Park Street, and home to Xtreme Manufacturing and several other
tenants. The development is located in Foreign Trade Zone #226 (Merced County Regional Foreign Trade
Zone), and a Recycling Market Development Zone. Currently, buildings of various sizes are available.
The Park is very close to the Second Street interchange and Highway 99, as well as having access to
the Golden State Avenue. There is ample power, functional floor plans, outdoor storage and numerous
cranes in addition to very economical rent. Contact Ethan Smith, Ron Stoltenberg or William Thomas at
Newmark Grubb Pearson Commercial for leasing information 559/447-6256.
SELMA INDUSTRIAL PARK II
Shovel-ready land is available at Selma Industrial Park II, a development which features build to suit or
property for sale. There are 29 industrial parcels zoned for manufacturing. Parcel sizes range from .48 to
5.95 acres. Lot line adjustments can easily be accommodated for larger parcel size. For parcel map and
subdivision photos, go to listing.loopnet.com/15301989. Contact Ken Jelladian at 559/277-3355.
There are also a number of new commercial projects that will have leasing available soon, as well as
existing retail properties. Selma is a regional shopping hub with national retailers already located in the
community. The shopping base is 152,817 within a 15 minute drive time.
If you are interested in residential real estate development, we have projects in all phases of
development.
See the City of Selma website at www.cityofselma.com for more information
on demographics and project information. Contact D-B Heusser,
City Manager or Roseann Galvan at 559/891-2200 with questions.
50
2014
REAL ESATE FORECAST
Building 75 (office) - 10,000 SF
Building 76 (office) - 6,586 SF
Building 77 - 90,624 SF
READY
WORK!
READY
HIRE?
LOOK TO US FOR JOB
READY EMPLOYEES
Think of us as your one-stop source for jobready applicants. Our clients go through
a wide array of education and training
courses and have access to supportive
services designed to help them succeed
at their job. If you are Ready to Hire, we
have people Ready to Work!
•
•
•
•
•
•
•
Recruitment
Pre-Screening
Testing
Labor Subsidies
Hiring Credits
Retention Services
Supportive Services
THE MISSION
The DSS Employment Resource Center was
created to respond to the needs of enrolled
jobseekers and the business community through
an integrated workforce development system.
FINANCIAL BENEFITS
When you use our employer services, you can:
• Reduce advertising costs for new hires
• Reduce staff costs/time needed for hiring
• Acquire staff support through free “On-the-Job”
training for up to 3 months
• Acquire monthly labor subsidies for up to 6 months
• Have access to job retention services to help
reduce turnover
51
HIGH SPEED RAIL
A momentous period in the history of Fresno is upon us. Soon,
the attention of the region, the state and the entire country
will be focused on the implementation of the nation’s first
High Speed Rail Train. With the advent of this colossal project,
Fresno will realize vast employment and revitalization
opportunities sorely needed in our region.
In partnership with the High Speed Rail (“HSR”) Authority
and the City and the County of Fresno, the EDC is undertaking
a business support program not before advanced in California
mass public transit based projects.
Business Retention | Business Expansion | Attraction Services
The EDC is assisting all impacted business owners, located
within the HSR corridor, with empathetic, knowledgeable
and effective service. The goals are to ease transition and
foster retention, to relocate impacted business owners into
similarly situated properties, while assuring their past, current
and future needs are identified and cultivated by established
EDC programs as well as its partners programs, services and
resources.
Fresno’s impacted business owners are either property owners
or tenants. Regardless of their professional or legal status,
these businesses need retail, industrial, office and other
assorted commercial relocation sites throughout Fresno County.
Furthermore, whether a relocation property is currently in
existence or requires build-to-suit adaptation - commercial,
retail and industrial real estate opportunities are abundant.
Additionally, out of town design based workers and construction
professionals need, and will continue to need, residential living
quarters. Whether the desired living quarters are in the form
of an apartment, a home or some other type of residential
housing unit, the need, and the opportunity is here.
Finally, with the implementation of the Downtown Fresno
High Speed Rail Train Station, an opportunity for downtown
investment through multi-use commercial and residential
infrastructure is both a foreseeable and an attainable prospect.
The time is now to search out and identify real estate
opportunities provided by the High Speed Rail project. This
once in a life time project is here; don’t miss the chance to
participate in its wave of opportunity.
WILLIAM E. MCCOMAS
Director of Business Services
[email protected]
559-476-2515
www.fresnoedc.com
Fresno County Economic Development Corporation
559.476.2500
52
2014
www.fresnoedc.com
REAL ESATE FORECAST
53
DSS Incentive Life Cycle
BEAR ACTION NETWORK
BEAR Action Network program is designed to enhance the stability and growth of Fresno County’s existing companies by connecting them with specific resources,
information, and services offered through the Network. Our primary objectives are to assist businesses with expansions, survive economic difficulties, and make them
more competitive in the wider marketplace.
The BEAR Action Network is a local business support network comprised of service providers from various professional agencies, non profits, educational institutions
and government programs administered by the EDC Business Expansion and Retention staff. Companies that meet with one of our staff members, participate in an
operational analysis and are connected with those programs, services or information that prove to be beneficial based on any identified opportunities or needs of the
company during the analysis process. Companies that participate with the Network can expect to receive information about the following services:
Employer
selects qualified
jobseeker through
Work Ex program
– FREE OJT period
Employer hires
qualified job seeker
through NEO receives monthly
labor subsidy
Employer begins
capturing
applicable hiring
credits such as
Enterprise Zone
*Employers’ eligibility to utilize incentives such as “New Employment
Opportunities” (NEO) Program and Enterprise Zone assessed on a case
by case basis. DSS and Economic Development Corporation staff
assigned to participating employer will verify eligibility for incentives.
LABOR SUBSIDIES AND INCENTIVES
Work Experience Program (Work Ex)
• Employers receive FREE assistance while candidates receive “On-the-Job” training for up to 3 months.
Candidates are not considered employees during this training period.
•
Workforce Development, Screening, and Employee Recruitment Services
•
Financing and Microloan Programs
•
Customized Training Program Development
•
Internship Program Information and Referrals
•
Performance Enhancement/Skill Building/Skill Attainment Training Programs
•
Building/ Contracting
•
Strategic/Marketing/Formal Succession Planning
•
Lucrative Business Tax Incentive Information: HUB Zone, and Foreign Trade Zone subsidized employment opportunities
•
Utilities – Incentives, Rebates, Special Programs, and Energy Rate Analysis Assistance
•
Structure Deterioration & Blight Aversion and Improvement of Existing Infrastructure
•
CPA Services
•
And more….
Whether it be directly connecting an employer with hiring incentives,
providing FREE business consulting services, or promoting beneficial
programs, the ‘BEAR’ department works for our local business
community!
DSS provides
FREE employee
recruitment
services
Many of our jobseekers qualify potential employers for a variety of incentive programs:
Referral Partners Provide:
We are a collaborative partnership program featuring a world-class
business support matrix that has enhanced the stability and growth
of existing businesses, resulting in increased job creation, more
capital investment and has helped elevate the local tax base by
connecting local businesses in Fresno County with public and private
business resources.
Employer
requests
qualified DSS
job seeker
New Employment Opportunity Program (NEO)
• A monthly wage reimbursement to the employer of up to $1,000 a month for up to 6 months
Work Opportunity Tax Credit (WOTC)
READY
WORK!
READY
HIRE?
• A federal business income tax credit up to $9600 per qualified employee, depending on the employee category
Enterprise Zone Hiring Credit (EZ)
• A state business income tax credit up to $37,440 per employee taken over a five year period
Other incentives as might apply
WorkEx
NEO
WOTC*
VICTOR BRIBIESCA
DIRECTOR OF BUSINESS
& COMMUNITY DEVELOPMENT (INT.)
[email protected]
559-476-2512
www.fresnoedc.com
EZ**
Employee
Recruitment
Services
OJT Period Date of Hire
Mos. 1-6
Mos. 7-12 Year 2
3 months
Free
Up to $6,000
Up to $9,600 (Federal)
Year 3
Year 4
Year 5
Up to $37,440 (State)
Free
*WOTC and EZ hiring credits are calculated based on unsubsidized wages paid to employee.
**Current Enterprise Zone hiring incentive set to expire on December 31, 2013.
To schedule your free business assessment, please contact the the
BEAR Department at [email protected] or 559-476-2512.
Serving the County of Fresno and each of our 15 cities.
54
2014
REAL ESATE FORECAST
Don’t forget to check out our new jobs matching website www.ready2hire.org. This site is designed to connect local employers with the thousands
of jobseekers available through DSS. Employers can post vacant job orders and be automatically matched and connected with qualified
jobseekers from the DSS pool. Matching is based on common job order/previous work history fields, and the system pre-screens jobseekers for
qualifying hiring credits and incentives that can benefit employers.
55
BOARD OF DIRECTORS
EDC STAFF
Al Solis
Sol Development Associates, LLC
Vice Chair
Walt Plachta
CEI Engineering Associates, Inc.
Immediate Past Chair
Ed Dunkel
Precision Civil Engineering
Secretary / City of Fresno Rep.
Bruce Rudd
City of Fresno
Treasurer
Florence T. Dunn
California Health Sciences Univ.
At- Large Director
John Brelsford
Diversified Development Group
At-Large Director
Bobby Fena
At-Large Director
Tina Sumner
City of Clovis
County of Fresno Rep.
John Navarrette
County of Fresno
Kenneth Price
Baker Manock & Jensen
Kenny Amendola
Valley Wide Beverage Co.
Derek W. Hayashi
Granville Homes
Preston Prince
Fresno Housing Authority
Brian Angus
Fresno County
Economic Opportunities Comission
Debbie Hunsaker
Alert-O-Lite, Inc.
Paul Quiring
Quiring Corp
Thomas Jones
Pacific Gas & Electric
Gary D. Quisenberry
Central Valley Community Bank
Blake Konczal
John Taylor
Community Medical Centers
Anna Borgeas
Greater Fresno Area Chamber of Commerce
Steve Brandau
City of Fresno
Jeffrey A. Collins
Kaiser Permanente
56
2014
REAL ESATE FORECAST
Kurt Madden
Fresno Unified School District
Leland Parnagian
Fowler Packing Company
DIRECTOR OF BUSINESS SERVICES
Esther Cuevas
559.476.2507, [email protected]
William E. McComas
Bob Van Wyk
Fresno Metropolitan
Flood Control District
OUTREACH COORDINATOR
Michael Miguel
EXECUTIVE ASSISTANT
Srida Moua
OUTREACH COORDINATOR
ECONOMIC DEVELOPMENT ANALYST
ECONOMIC DEVELOPMENT ANALYST
OFFICE & EVENT ASSISTANT
William G. Oliver
Jarred Olsen
Veronica Salas
STAFF
David Elias
Five Cities EDA Designee
Fresno Workforce Investment Board
DIRECTOR OF CORPORATE LOCATIONS
Paul Thorn
Victor Bribiesca
Richard Aaron
Dowling Aaron Incorporated
Fresno County Board of Supervisors
VICE PRESIDENT, BUSINESS & FINANCE
Lee Ann Eager
DIRECTOR OF BUSINESS
& COMMUNITY DEVELOPMENT (INT.)
DIRECTORS
Andreas Borgeas
PRESIDENT/CEO
EXECUTIVE STAFF
CHAIR
Annie Xiong
Robert Wiebe
Wiebe Hinton Hambalek, LLP
Luis Patlan
Westside Cities Designee
57
Three hospitals,
one community.
Clovis Community
Medical Center
Community Regional
Medical Center
Fresno Heart &
Surgical Hospital
cra_05_14 / fresnoedc ad / quarter page / cmyk
The
YOUR BUSINESS REAL ESTATE IS OUR BUSINESS
Cushman & Wakefield Pacific is committed to assisting
their clients achieve their commercial real estate needs.
As a leader in the commercial real estate market, we
offer expertise and accurate market information to
help in your decision making process, whether it be
leasing or sales, acquisition or disposition.
As a consultant to our clients, we have successfully
negotiated and completed some of the most significant
commercial real estate transactions in central California.
Our real estate advisors operate as teams, each specializing in specific real estate types, which include office,
industrial, retail and multi family. We offer market
knowledge and experience second to none.
9 River Park Place East, Ste. 101 • Fresno CA 93720
559 433 3500 MAIN 559 433 3537 FAX
www.paccra.com
58
2014
REAL ESATE FORECAST
BIG GUNS
call us for
REAL
ESTATE
680 West Shaw Avenue, Suite 200
Fresno, California 93704-2450
(559) 490-2500 ■ Fax (559) 490-2520
www.fortuneassociates.com
Proud to sponsor the 11th Annual
Real Estate Forecast.
Central Valley Business Banking
Lucia Robeson, Vice President, 559-436-2756
Mari Kroigaard, Vice President, 559-436-2731
unionbank.com
©2014 Union Bank, N.A. All rights reserved. Member FDIC.
59
OUR INVESTOR COMMUNITY
P L ATIN UM $ 1 0 ,0 0 0 +
B R ONZE $1,500 +
California State University, Fresno
Monster City Themeworks, Inc
ATAS Insurance Services
Cerda Enterprises, Inc
Mid-Valley Disposal
Civic Center Square
Pacific Gas & Electric
Baker, Peterson & Franklin CPA, LLP
Children’s Hospital Central California
Premier Valley Bank
Community Medical Centers
Valley Wide Beverage Company
BioFiltro USA, Inc.
Digital Attic, LLC
Real Goods Solar
Fresno Regional Workforce Investment Board
Wells Fargo
Brown Armstrong Accountancy Corporation
Dumont Printing
Rosa Linda’s Fine Mexican Cuisine
BSK Associates
K-Jewel/KYNO/ESPN
Sebastian
Business Street
Markerting Plus
Wawona Frozen Foods
G OLD $5,0 0 0 +
C OP P E R $750 +
Alert-O-Lite
Fresno Association of Realtors
Kaiser Permanente Medical Center
Agrian, Inc
Diverse Signs
MBS Accountancy Corporation
Baker, Manock & Jensen, PC
Fresno County Economic Opportunities Commission
Precision Civil Engineering, Inc.
Ameriguard Security Services, Inc
Downtown Fresno Partnership
MJ Avila Company, Inc.
Central California Health Sciences University
Fresno Housing Authority
Rabobank
AP Alternatives, LLC
Electric Motor Shop
Pacific Valley
Fresno Metropolitan Flood Control District
Saint Agnes Medical Center
Asian Area Real Estate Association of America
Fresno First Bank
Passantino Andersen Communications
Fresno Unified School District
Sol Development Associates, LLC
BMY Construction Group
Guarantee Real Estate & Home Loans
Philippe Dwelshauvers, A Law Group
Diversified Development Group
Gestamp Solar North America
The Quiring Corporation
Brooks Ransom Associates
Hans, John B., SIOR
Processes Unlimited International
Dowling Aaron Incorporated
Granville Homes, Inc
Van-G Trucking, Inc.
C. Curry Design
H.T. Harvey & Associates
Proteus, Inc.
Fenceline Media Group, LLC
Greater Fresno Area Chamber of Commerce
Wiebe Hinton Hambalek, LLP
Cen Cal Business Finance Group
Harris Construction Co., INC.
Provost and Pritchard Engineering Group
Heald College
Realty Concepts, LTD.
Central Valley New Market Tax Credit Fund, LLC
High Speed Rail Advisors, LLC
Robert L. Jensen & Associates
Christine Cerda, CDPE, SFR, Epro, CIAS
Imhoff Sunland Insurance
Security First Bank
CookLand Company
Jack’s Butane Service, Inc
Stantac Consulting Services, Inc.
CORE Business Interiors
Johanson Transporation Service
Tri Countries Bank
Derco Foods
Kings Canyon Wood Products, LLC
Union Bank
Fowler Packing Company, Inc.
S ILV E R $2,5 0 0 +
60
AT&T
Cushman & Wakefield l Pacific Commercial Realty Advisors
Newmark Grubb l Pearson Commercial Realty
Blackburn Consulting
E&J Gallo Winery
The Penstar Group
BNSF Railway Company
First Solar
San Joaquin Valley College
Boraga Steel, Inc
Fowler l Helsel l Vogt
Solar Reserve
The Buzz Oates Group of Companies
The Grand 1401
State Center Community College District
California Bank & Trust
Kaplan College
True Organic Producers, Inc
CEMEX
Manco Abbott
United States Cold Storage of California
Central California Health Sciences University
Moore Twining Associates, Inc
Valley Yellow Pages
2014
REAL ESATE FORECAST
DiBudio & DeFendis Insurance Group
P U B LIC INVE STOR S
AmeriCorps VISTA
City of Clovis
City of Coalinga
City of Firebaugh
City of Fowler
City of Fresno
City of Kerman
City of Kingsburg
City of Mendota
City of Orange Cove
City of Parlier
City of Reedley
City of San Joaquin
City of Sanger
City of Selma
County of Fresno
Five Cities EDA
61
AD INDEX
3 2 940 AM ESPN RADIO
2 5 FRESNO HOUSING AUTHORITY
12 CALIFORNIA HEALTH SCIENCES UNIVERSITY
8 G3 DEVELOPMENT
5 2 CENTRAL VALLEY COMMUNITY BANK
17 GRANVILLE
3 2 CIVIC CENTER SQUARE
24 GUARANTEE REAL ESTATE
16 COLLIERS INTERNATIONAL
24 K-JEWEL 99.3
5 9 COMMERCIAL RETAIL ASSOCIATES
6 KYNO 1430 AM
5 8 COMMUNITY MEDICAL CENTERS
6 MEDIA SOLUTIONS, INC.
5 8 CUSHMAN & WAKEFIELD|PACIFIC COMMERCIAL REALTY ADVISORS
51 DEPARTMENT OF SOCIAL SERVICES
5 9 PLACER TITLE COMPANY
2 8 -2 9, B A C K PRECISION CIVIL ENGINEERING
2 1 DIBUDUO & DEFENDIS INSURANCE
2 0 QUIRING
5 9 DOWLING AARON INCORPORATED
5 2 THE BUZZ OATES GROUP
6 3 DUMONT PRINTING
5 8 THE GRAND
5 8 FORTUNE ASSOCIATES
16 THE PEARSON COMPANIES
13 FRESNO ECONOMIC OPPORTUNITIES COMMISSION
5 9 UNION BANK
3 7 FRESNO ENERGY WATCH
2 0 WIEBE HINTON HAMBALEK, LLP
Dumont?
PUBLICATION COORDINATED BY THE EDC: ANNIE XIONG
PUBLICATION DESIGNED BY: CATHERINE CURRY MCNALLY, C. CURRY DESIGN
PUBLICATION PRINTED BY: DUMONT PRINTING
The Economic Development Corporation serving Fresno County is not responsible for the content
and accuracy of data provided by the various outside contributors to this publication.
62
2014
REAL ESATE FORECAST
63
Land Surveying
Water Resources
Transportation
Public Works
Planning
Landscape Architecture
Land Development
Permit Processing
(GIS) Mapping
Construction Management
Storm Water (SWPPP)
Biological Permitting/Planning
Indirect Source Review (ISR)
Phase 1 Site Assessments
Cultural Resources
Air Impact Assessment
THE FAST TRACK BETWEEN VISION AND DESTINATION
www.precisioneng.net
1234 ‘O’ Street
64
2014
REAL ESATE FORECAST
559.449.4500

real estate forecast real estate forecast

Transcription

Similar documents

fresno`s biggest job fair fresno`s biggest job fair fresno`s biggest job fair

Fresno Association of REALTORS

HALL OF FAME--$2500+ - CLOVIS BABE RUTH LEAGUE

DUF 2014 Showcase flyer

pdf - Community Medical Centers

Inaugural North Fresno Rotary Jazz Festival

shred day - First California Federal Credit Union

Get your girls together for a night of fun Ticket Package

55th Reunion - Fresno High School Alumni Association

Fresno native on `The Island`