‘AIRSpace’ Launched; Brings Listings to Hand-Held Devices
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Story
Recognizing demands for greater mobility among brokers while underlining its continuing effort to bring cutting edge products and services to its members, AIR announces the roll-out of “AIRSpace”, a new service that allows brokers to search all industrial and office listings via any web-enabled, hand-held device, including cell phones and Blackberries. |
“AIR is continuously developing innovative products and services to help our members be more efficient. Over the years we have received numerous requests to deliver property data to hand-held devices. AIRSpace is a positive response to that and we are delighted that we can offer it to our members,” said Tim Hayes, executive director of AIR. |
Here’s how AIRSpace works. To access the service, visit the following web address: http://airea.mobi. When you get to the site, you will be asked to provide login information. Members should log in using the same user name and password they used for e-MULTIPLE. |
Once you log in, you will view a single search screen allowing you to search for industrial or office listings for sale or lease by street address, available square footage, and city. Once you run the search, you will receive at your hand-held device all listings that meet your search parameters. By simply clicking any of the listings shown, you will view details of the particular listings, including square footage, the listing agent’s name, phone number and e-mail address right on your hand-held device. |
California Statewide CDC Bolsters List of AIR ‘Title Sponsors’
Member Benefit
AIR’s stature as the “premier broker organization” is sparking mounting interest in the Association’s recently established “Title Sponsorship” program with the announcement that California Statewide Certified Development Corporation is on board, reports Todd Kupke, membership support director. Title sponsorships afford special opportunities to AIR’s loyal supporters to sponsor AIR programs throughout the year,” Kupke said. |
| California Statewide CDC is licensed by the U.S. Small Business Administration as a Premier Certified Lender to provide 90 percent owner-user financing to expanding small businesses through the SBA 504 Loan Program. Working in partnership with leading private lenders, California Statewide CDC has been helping successful small businesses in California purchase their own real estate since1987. |
Sasha Globa, director of business development for California Statewide CDC, said “We see a common interest with brokers by providing small business owners a means to acquire commercial and industrial property that will support their operations.” He explained that the SBA 504 program which California Statewide CDC represents allows small business owners to acquire property with a type of financing typically not available through conventional means – up to 90 percent financing together with attractive long-term fixed rates, including a below-market SBA loan. He said projects are financed by a combination of two loans: a conventional first mortgage loan provided by a participating lender (typically for 50 percent of the project value), together with a second mortgage provided by the CDC (up to 40 percent) which is backed by the SBA. Another advantage of the 504 program is that improvements can be included in the project cost and financed on a long-term basis. |
“Our challenge is to make the average business owner aware of the SBA 504 Loan Program and our unique capabilities as an organization to deliver consistently with a high level of personalized service. It’s a natural fit for us and a terrific opportunity because AIR is the premier brokers organization in Southern California,” Globa said. Globa can be reached at (800) 982-9192. |
AIR
Expands Alliance Outreach
In keeping with AIR’s recently announced outreach program to gain greater visibility of its programs and services within the office and investment sectors via strategic alliances, COO Joy De La Cruz reports that a Forms Seminar presented by AIR earlier this month for the Southland Regional Association of Realtors (SRAR) was a solid success. |
De La Cruz stated that some 60 people attended the seminar held at the Beverly Garland Hotel in North Hollywood. Just as they have been doing at AIR-hosted Forms Seminars, Jim Sullivan, Rick Riemer and John Pagliassoti were the panelists. SRAR promoted the event and provided the venue. |
| “This is a great way for AIR to expand its outreach to blanket the breadth of the commercial and industrial real estate community,” De La Cruz said. |
Gina Covello, chair of the Commercial Investment Committee of SRAR, had attended several AIRForms Seminars and welcomed the opportunity to bring the event to her association. |
“We view a need to meet the needs of our growing ranks of commercial brokers. Since AIR’s forms are the benchmark in the industry, we saw many benefits to bringing a Forms Seminar to our membership. This month’s event was a big success, and attendees said they received substantial benefit from it. We hope to do two of these events annually in concert with AIR, which provides the format and speakers” said Covello, who is also Vice Chair of the Commercial Committee of CAR. “If agents want to do commercial brokerage, they have to become familiar with AIR’s forms,” she added. |
Past President Reflects on Impact of Sub Prime Loan Defaults
AIR Quality
In our regular effort to provide educational information to members, AIRWaves presents an in-depth article penned by past AIR President Stan Mullin, SIOR, CCIM, CRE, FRICS. The article was published in the 2nd Quarter 2008 issue of PROFESSIONAL REPORT, the publication of the national SIOR, for which Mullin served as 2006-2007 president. We hereby offer the lead paragraph of the article. For the entire piece, click the link that follows: |
| In early fall of 2007, an article in the ECONOMIST reported that the value of property in the developed world had risen by roughly $2.5 trillion in just five years. That number is more than the combined GDP of all developed nations. To me it raises the questions, “From where did all that growth in value come?” The answer, to a large extent, is leverage. . . on an unprecedented scale. CLICK here for full article. |
AIR
Member Deals
Southeast Region
No Oil Issue Here
Mark D. Repstad, senior associate with Binswanger/Realty Advisory Group, announces that Sunset Olive Properties, LLC has paid $6.5 million to acquire a 66,482 square feet industrial building on three acres of land in Montebello. The buyers will use the facility, located at 133-137 Van Norman Rd., for packaging and distribution of edible oils, mostly olive oil. Mark Repstad and John Repstad, also of Binswanger, represented both the buyers and ADM Furniture, Inc., the seller. Features of the divisible building include 22-foot minimum clearance, fenced yard, and outstanding freeway access.
Central Region
Heger Duo Inks $2.5Million Vernon Lease
Jim Hilands and Robert Levenstein, senior vice presidents with The Heger Company, report their representation of both the landlord, Soto Industrial Center, and K’Loral, LLC, the tenant, in the lease of a 169,847 square foot industrial building at 5175-5225 S. Soto St., and 2750-2760 Fruitland Ave. in Vernon.
Inland Empire
$6.6 Million Investment Deal Done in Rancho Cucamonga
Voit Commercial Brokerage announces that Six Street L.P., a group of private investors, has acquired an 83,456 square foot industrial property at 1096 6th St. in Rancho Cucamonga for $6.6 million. The buyer acquired the property as a long-term investment. Mike Cargile, senior vice president of Voit’s Irvine office, and Loren Cargile of the same office represented the buyer.
Orange County
Anaheim Industrial Sale Closed
Lee & Associates has closed a $1.3 million sale transaction for a 6677 square foot industrial building located at 1275 Patt St. in Anaheim. Brad Gilmer, principal of Lee &Associates-Orange, Inc. and Jim deRegt of Lee & Associates-Newport Beach, Inc. represented the seller, North Anaheim Associates, LLC. Tom O’Loughlin of Lee & Associates-Commerce, Inc. represented the buyers,Talal, LLC
CBRE Reports Newport Office Lease
CB Richard Ellis announces that First National Capital Corporation has leased a 3852 square foot office building at 26050 Towne Center Dr. in Foothill Ranch. Chip Wright, Ross Bourne and Keith Black of CBRE’s Newport Beach office represented the landlord, AP Properties. Black also represented the tenant.
South Bay
Staubitz, Beesen Take Flight
Worldwide Flight Services (WFS), one of the largest ground handling organizations in the world, has subleased 70,025 square feet of logistics space in the former Boeing industrial tract in Torrance, The Klabin Company reports. WFS recently occupied part of a larger building at 1451 Knox St., Torrance. Luke Staubitz, SIOR, and Harvey Beesen, both Klabin partners, represented WFS. Bret Quinlan of CB Richard Ellis represented CTSI Logistics, Inc., the landlord. Consideration for the 7.5-year sublease was in excess of $5 million.
Carrillo Does the Little Things
Member Profile
It’s doing the little things that enables Brandon Carrillo to distinguish his brokerage approach. |
Carrillo is a two-year veteran of industrial and commercial real estate who serves as Associate Director in the Long Beach office of GVA Charles Dunn. Prior to joining Charles Dunn, Carrillo served with Shin Gin Rui Corporation in Long Beach where he managed the sales and marketing administration functions for their property management and maintenance divisions for five years. |
At Charles Dunn, Carrillo is engaged in marketing industrial and office properties with a special emphasis on industrial properties. For industrial properties, he teams with the reputable team headed by John Bowman, SIOR. Carrillo makes singular contributions to these teams with expertise in research, financial analysis, and marketing. |
“I take the approach that doing the little things for the benefit of the client, particularly after the deal is closed, are the things that build lasting relationships. This could range from providing your clients with ongoing market information or sending them a birthday card,” Carrillo said. |
Carrillo’s style is paying off. Teaming with Coburn, he recently leased up and ultimately sold a 20,119 square foot multi-tenant industrial park in Signal Hill for $2.2 million. Carrillo’s client was Trinity Investments. |
Carrillo, his wife, Christina, and son Luke, six months, reside in Orange. In his leisure he enjoys surfing, snowboarding and golfing. |
A Quick
Bursts And Coming Events
26th Annual AIR Golf Classic - September 9, Industry Hills Golf Club at the Pacific Palm Resort. Click here for more information.
Broker Networking Event -October 22, Orange County. The Pacific Club, Newport Beach; 5:30 p.m. FREE.
In-House Training - The AIR offers
training for e-MULTIPLE, WinAIR Forms, and AIRMail.
If a group of brokers or staff from your office would
like to have the AIR bring training to you in-house,
contact Martin Vartanian at (213) 687-8777. A number
of firms have already taken advantage of this great
service and been very pleased with the results.
Member Deals and Profiles - As soon as you
close a substantial deal, make sure you give Art Ansoorian
a call. Your deal will be featured in the next issue
of AIRWaves. Also be sure to get your personal bio over
to Art and be a featured member in the newsletter; it's
a great way for everyone to meet fellow members! Call
Art at (805) 653-1648, or email him at artpr@earthlink.net.
We Need Your Photos and Bios –
AIR is in the process of building its database of member
photos and bios. If you would like your photo and bio
to appear on the AIR website at www.airea.com,
please send them via mail or e-mail to Martin,
or if you have questions, call him at (213) 687-8777.
Tech
Tip
WinAIR Forms 2 - Online Demo is available on the AIR Website.
AIR has provided an Online demo featuring some of the major functionality benefits of the WinAIR Forms 2 program. Please click here to view the online demo.
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