Next Tuesday’s ‘AIR Golf Classic’ Eyes Capacity Turnout
Top
Story
It’s shaping up as a standing-room-only event for linksters, sponsors and banquet guests alike for “AIR’s 26th Annual Golf Classic" poised to tee off next Tuesday, September 9 at the newly-renovated Pacific Palms Resort/Industry Hills Golf Club in Industry Hills.
|
And deservedly so because this singular AIR event not only provides the format, setting and unmatched venue for a day of relaxation, comaraderie and fun, but it offers a rare opportunity for industry professionals to give back to their industry by supporting the Jules Altemus Scholarship Fund through their participation. |
“The combination of a day of enjoyment and supporting a worthy cause is what enables our golf classic to set a new standard each year,” said Joy De La Cruz, AIR COO and event coordinator, who as early as three weeks ago anticipated a capacity turnout. The Jules Altemus Scholarship Fund supports outstanding students at local Graduate Schools of Business specializing in commercial real estate. |
The “AIR Golf Classic” kicks off at 8 a.m. and continues to 8 p.m. Cost is $150 for members; $170 for non-members. Entry fee includes: Green and cart fees, one bucket of balls, BBQ lunch, gift bag, beverages during play, contests during play, cocktail reception and Awards Dinner Banquet. |
Golf play features a “shamble” format, combining elements of a scramble and stroke play. An special attraction this year is the “new look” Pacific Palms Resort that was ranked by GOLF DIGEST as "one of America’s top five new public remodel efforts" in the sport. |
For “Golf Classic” information, call Hayley Ramos at (213) 687-8777, ext, 4314. For sponsorships call De La Cruz at (213) 687-8777, ext. 4305. |
Expanded Judicial Review of Arbitration Awards
Member Benefit
As is AIRWaves’ practice, we strive to communicate information relevant to the brokerage community as an ongoing Member Benefit. What follows is the introduction of an article submitted courtesy of Greenberg Glusker through Lee Dresie, legal advisor to the AIR Board of Directors, and penned by Dresie and Greenberg Glusker Litigation Associate Lina Balcinus. For the complete article, click the link provided. Any questions about what the ruling may mean to you and your clients, or how to best implement it, can be directed to Lee by email at ldresie@greenbergglusker.com, or by phone at (310) 201-7466.
|
CALIFORNIA SUPREME COURT APPROVES VASTLY EXPANDED JUDICIAL REVIEW OF ARBITRATION AWARDS
Arbitration has several advantages to litigation as a quicker and less expensive means of resolving disputes. However, many people have been reluctant to agree to arbitration because arbitration awards have been essentially immune to attack or appeal, even where the award is factually or legally erroneous. Until now, courts would not allow parties to graft appeal rights onto their agreements to arbitrate. The California Supreme Court has now ruled that parties are permitted to structure arbitration agreements to allow judicial review of legal error in an arbitration award under California state law. Please click here for balance of article. |
Coldwell Banker Names Sr. Veeps
AIRQuality
The Coldwell Banker Commercial North County company, based in Glendale, announces that local commercial real estate professionals Corey Waite and Chalvis Evans have joined their office as senior vice presidents. Waite and Evans were most recently affiliated with Sperry Van Ness and collectively offer several decades of commercial real estate experience and regional market knowledge. Additionally, Executive Vice President Bill Ukropina reports that Waite and Evans will be “transitioning several significant existing clients” to the Coldwell Banker team, including Citigroup, Philip Morris USA, and Drake Beam Morin. |
Colliers Selects Martin Pupil Senior Veep
Martin Pupil of Colliers International has been promoted to senior managing director of the firm’s Greater Los Angeles operations, including the regions of Los Angeles, Orange County, Inland Empire and the High Desert. Formerly, Pupil served as senior managing director for Colliers International in Orange County, the Inland Empire and the High Desert. With his promotion, Pupil will spearhead operations in Collier’s eight Greater Los Angeles offices located in Valencia, Encino, downtown Los Angeles, Commerce, Torrance, Irvine, Diamond Bar and Ontario. |
NAI Tabs Naticchioni Sr. Veep
NAI Capital of Encino announces that Anthony Naticchioni has joined the brokerage as senior vice president specializing in industrial, land acquisitions and development, and investments. Naticchioni focuses on the Inland Empire and will operate out of NAI’s Riverside and Temecula Valley offices. A 14-year commercial real estate industry veteran, Naticchioni was senior vice president with Ashwill Associates for 12 years. Most recently he served as principal/broker with ANS Commercial Real Estate. |
Patience, Insight, Pedigree Guide Justin Altemus
Member Profile
In an increasingly complex real estate arena, patience and even being a bit laid back can give you an edge. Just ask Justin Altemus who acknowledges that possessing some “big time real estate genes” doesn’t hurt. |
Altemus is a commercial broker with over nine years experience with The Altemus Company of West Los Angeles, the firm where he launched his career and a long-standing, devoted supporter of AIR. Its founder, Jules Altemus, Justin’s grandfather, was also a founder and first president of AIR. David Altemus, Justin’s father, is president of Altemus completing the three generations in the industry. |
| Even with this distinguished pedigree, Justin has forged his own identity in commercial real estate, in large part because he understands what it takes to excel in today’s dynamic market. Specifically because he is fully in tune with the changing Westside market served by The Altemus Company. |
“You need more patience in today’s real estate market because transactions are far more complex given the challenges ranging from environmental to land use issues. I consider myself process-oriented, tolerant and reasonable. I believe that if you take each transaction step by step and focus on the means vs. the end result, this will lead to success and positive results. Ånd in order to succeed in the unique Westside market with its depth of cross-over property uses from former industrial uses to more commercial uses (i.e. creative office, retail, schools, etc), firms and brokers have to rely on creativity and ingenuity. They also require an in depth understanding of how buildings function and the steps necessary to transform these buildings to meet the demands of commercial users ,” Altemus said. |
It’s likely Altemus’ business background prior to joining The Altemus Company provides another clue to his success. “The best thing I did was gain experience outside the family business at the leading ad agency BBD&O (Account Management) and the Buena Vista Home Video Arm of Disney (Brand Management) where I gained valuable insights into consumer behavior. It helps me as a broker.” |
| Attesting to his feel for his market, Altemus reports that among his recent transactions was representing the Maud Smilie Trust in its sale of an older 11,300 square foot industrial building at 1888 Sepulveda Blvd. in West Los Angeles for $4.3 million. The building was converted to retail use as a printing center. AIR member Lancelot Commercial cooperated in representing the buyer/tenant. |
A graduate of the University of California at San Diego with a Bachelor of Arts degree in history, Altemus and his wife, Danielle Ponder Altemus, and their daughters, Sophia, 4, and Annabelle, 18 months, reside in Cheviot Hills.
Altemus enjoys golf and skiing, as well as spending extensive time with his children.
|
AIR
Member Deals
Northwest Region
•
Wax Wraps Fernando Deal
Doug Wax and Mike Wax of Industrial Park Associates (IPA) have leased 340 Parkside Dr. in San Fernando to Legacy Effects LLC of Van Nuys. The 24,000 square foot building was leased for five years in a transaction valued at just over $1 million. Legacy Effects is the successor to Stan Winston Studio and creates audio-animatronic figures and make-up for movies, TV and commercials. IPA represented the lessor, San Fernando Associates LLC. Fellow AIR member Mike Sheptendo of TOLD Partners, Inc. represented Legacy.
• Fiberglass Firm Leases Sylmar Industrial
International Associates LLC, the lessor/owner, has leased a high image, 39,800 square foot industrial building in Sylmar to A. P. Products, Inc. for expansion and relocation from Pacoima. A. P. Products is a distributor of fiberglass products. The building is located at 12884 Bradley Ave. Trevor Gale, senior associate and Ron Kassan, executive vice president of Beitler Commercial Realty Services represented the landlord. David Hoffberg, senior vice president of Delphi Business Properties, Inc. represented the tenant.
Orange County
•No Cavities Seen
Voit Commercial Brokerage, a member of CORFAC International, announces that Microtech Dental Manufacturing, a corporation specializing in the development, manufacture and commercialization of dental equipment, has acquired a 29,495 square foot industrial property in Fountain Valley for $3.3 million. The property is located at 17260 Newhope St. Greg Velastegui of Voit’s Irvine office represented the buyer. Jim Snyder of Lee & Associates represented the seller, The Yardley Trust.
Central Region
•Daum Duo 'Goes Hollywood'
Nicole Mihalka of DAUM Commercial Real Estate Services, a member of ONCOR International, reports that Living Square, a bath/kitchen retail store and industrial design firm, acquired a 1780 square foot retail/office property at 1320 N. Highland Ave. in Hollywood for $1.1 million, or $617 per-square- foot. The property, she said, is at the heart of the Highland Ave. corridor’s recently booming retail and design businesses. Mihalka and Mark Masliah of DAUM represented both Living Square and the seller, Image World Class Associates, Inc., an investment company.
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 (see Top Story).
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 CDX, 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 2.0 - How
can I email a PDF version of the form?
Once you have
the form open, click on the printer icon above and
select the check box PDF and click OK. It will ask you
to name the file and save it. Once you click on save,
Proccessing PDF message will appear; as soon as the
message disappears the PDF file will be generated.
| If you wish to unsubscribe from
AIRWaves, please reply to this message with the
word 'Unsubscribe' in the subject line. |
|
