The “2010 Golf Course of the Year” as selected by the National Golf Course Owners Association (NGCOA) – Industry Hills Golf Club at Pacific Palms – will be the distinctive venue challenging AIR golfers and guests at this year’s 27th Annual AIR Golf Classic” to be held September 20 in Industry Hills.

In making the selection, NGCOA cited Industry Hills’ recent completion of a comprehensive renovation of its two courses – Ike and Babe – and the adjoining hotel and spa.  “The $60 million investment makes the public facility east of Los Angeles one of Southern California’s finest resort destinations,” an association news release reported.

Joy De La Cruz, AIR’s COO and event coordinator, said that, as always, this traditional AIR event will benefit the AIR’s Jules B. Altemus Scholarship Fund which assists deserving area college students pursuing careers in real estate.  She underlined that once again Majestic Realty Co. has “graciously stepped forward” as the presenter of this tournament.

Entry fee for the tournament is $180 for AIR members; $225 for non-members.  Entry fee includes green and cart fees, one bucket of balls, lunch, gift bag, beverages during play, contests during play, cocktail reception and awards dinner banquet.  Play format is Best Ball of the Foursome.  For registration information call (213) 687-8777 or 877-GO-AIREA.

As is our standing procedure, AIRWaves is passing along another educational article, this one penned by AIR Board Member Lee Dresie and James Molen of Greenberg Glusker.  They stress that everyone dealing with real estate contracts should be aware of the lessons emanating from the court decision cited.

NO SUBSTITUTE FOR SPECIFICITY;  DANGERS OF
AN E-MAIL NOTICE TO PAY RENT OR QUIT

                                    By Lee Dresie and James Molen

In order to take advantage of the summary remedy of unlawful detainer, a landlord must strictly comply with the statutory notice requirements.  However, strict compliance requirements have been relaxed in some cases where the tenant admits that it actually received the notice.  It stands to reason that if the lease allows service by e-mail, the tenant’s actual receipt of an e-mail notice to pay rent or quit should constitute effective notice.  However, in a June 14, 2010 ruling, the California Court of Appeal held to the contrary in Culver Center Partners East #1, L.P. v. Baja Fresh Westlake Village, Inc.  B217037.

Culver Center involved a commercial lease which provided that notice to the tenant could be provided by several means, including delivery to the tenant’s corporate leasing manager (at an address other than the leased premises) or electronically.  The lease did not specify an e-mail address.  When the tenant missed a rent payment, the landlord attempted to serve a notice to pay or quit.  The landlord admittedly mailed the notice to the wrong address, but relied on its e-mail of a copy of the notice to the leasing manager  The leasing manager admitted receiving the e-mail.  TO ACCESS THE BALANCE OF THIS ARTICLE, CLICK HERE.

Gary Marquis fosters a “creative business environment where sales people can come up with out-of-the-box ideas and see them flourish while maximizing their earnings through owning a piece of the rock and sharing in profits”.   That’s the watchword that has provided him with a successful 30-year brokerage and management career.  During this time, Gary has been a central figure in managing and building two brokerage companies in Orange County.

This impressive track record assumes greater significance this month with Gary’s announcement that he and INCO, a respected name in the Southland’s commercial real estate brokerage sector for over three decades, have joined forces for INCO’s expansion to Orange County with a distinctive broker-owned, equity and profit sharing business model. 

Gary becomes Managing Director of the new company to be known in Orange County as INCO Commercial headquartered at 3333 Michelson Dr., Suite 680 in Irvine.  INCO Company, a sister firm sharing some common ownership, is well established in Long Beach and Riverside.  Gary brings a strong resume to his new challenge.  He was formerly the Founding Managing Partner of Voit Commercial in Anaheim.   Most recently he served as senior vice president with Collins Commercial in Newport Beach.  Collins Commercial was recently acquired by DAUM Commercial Real Estate Services, as reported in AIRWaves.

“The INCO name is well respected, so we viewed this as a rare opportunity for brokers and the company given the ongoing movement in the industry.  The INCO business model of broker ownership and profit sharing, and its entrepreneurial, non-corporate culture is ideally suited to today’s market conditions.  We’re a sales organization and, as such, need to be nimble with quality services provided and low overhead in a changing market.  We anticipate expanding to other markets that INCO has not yet focused on,” Gary said.  He added that ownership interests for future partners are currently available in INCO.

“I believe providing a creative environment and support for brokers and agents in which they can see their ideas through to fruition is the best way to enable them to reach their potential while increasing their earnings by 20% to 50% through a generous commission split and profit sharing,” said Gary, a long-time member of AIR. 

Gary is a graduate of California State University, San Diego, with a Bachelor of Science degree in Business Administration and Marketing.  He and his wife, Cheryl, reside in San Juan Capistrano.  They have two children, Kristen, 28, and Garrett, 26.   Gary enjoys a round of golf and tennis.

Los Angeles County
800 W. 6th Street
Suite 800
Los Angeles, CA 90017
tel 213.687.8777
fax  213.687.8616

Orange County
145½ S Olive St.
Orange, CA 92866
tel 714 538-8432
fax 714 538-8587