“Golf Classic” Advances Industry, Challenge of Unrivaled Course
Top story
“Apart from enjoying the camaraderie of fellow professionals and a day of simply great golf on one of the nation’s finest venues as recognized by the National Golf Course Owners Association, participants in the '27th Annual AIR Golf Classic' on September 20 will advance the future of their industry while benefitting society at large.” |
That’s how AIR President Chuck Noble characterized the rare opportunity presented by next month’s tournament at the Industry Hills Golf Club at Pacific Palms in Industry Hills which NGCOA honored as “2010 Golf Course of the Year”. |
Noble was alluding to the Jules B. Altemus Scholarship Fund which the annual golf tourney benefits. Named for AIR’s first president Jules B. Altemus who believed strongly in education in commercial real estate, the scholarship supports outstanding and deserving students at local area Graduate Schools of Business specializing in commercial real estate. The program also funds scholarships and internships for real estate college students at AIR and at member firms. |
| While AIR members and guests are registering for the event in brisk fashion, loyal and dedicated affiliates as well as member firms are stepping up to the plate as sponsors in growing numbers. Already committed sponsors are Majestic Realty, Grand Patron, AMB Property Corporation, Bank of America, Commerce Escrow Company, Bank of the West, California Statewide, DAUM Commercial Real Estate Services, Dexus Property Group, DPA Insurance Services, GM Properties, Greenberg Glusker, Quantum Associates, SIOR-Los Angeles Chapter, and Ansoorian and Associates, Public Relations. |
Entry fee for the tournament is $180 for AIR members; $225 for non-members. Fee includes green and cart fees, one bucket of balls, lunch, gift bag, beverages during play, contests during play, cocktail reception and gala awards dinner banquet. Play format is Shamble. Registration is at 9:30 a.m.; “shotgun” start at 11:30 a.m. For registration information call (213) 687-8777 or 877-GO-AIREA. |
Professionalism: AIR’s Essence of Fair Play
Member Benefit
A quality that takes on increasing significance in today’s challenging market is AIR’s strict adherence to integrity and honesty among its broker/members. In fact this quality constitutes the essence of the Association. At the heart of this is AIR’s “Rules of Professional Conduct”, which dictates the way members interact in their business dealings in order to ensure that they treat one another with utmost respect and honesty. In other locales, where an agent does not belong to a broker-owned and controlled organization like the AIR, it is common practice to have commission or other unethical disputes between brokers. Moreover, AIR’s “Rules” are time-tested, and brokers who agree to them when they become part of the AIR family have more collegial, durable, and long-lasting relationships. In the long run, being candid and truthful is better for brokers and their clients. If you would like more information, or a copy of the AIR “Rules of Professional Conduct”, call Joy De La Cruz at (213) 687-8777. |
Hak Chung Tuned to Korean Mindset
Member Profile
Hak Chung insists on believing in what he does, being straightforward, and “visualizing” to communicate with his clients. These qualities combine to help make him not only a successful broker, but one who carves a distinctive path. |
Hak is vice president in the Los Angeles office of The Heger Company where he focuses primarily on industrial properties along the 110 and 710 freeway corridors and between the 10 and 91 freeways, with occasional office transactions when his clients have those requirements. A broker since 2003, Hak served with Charles Dunn Company in Orange County and downtown before joining The Heger Company in 2008.
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Born in South Korea and journeying to the U.S. when he was 23 (he’s been here as along as he was in his native land), Hak says the majority of his clients are Korean/Americans. “I came to the U.S. not knowing a word of English – just good morning,” quips Hak. “I focus on Korean clients because I understand the culture, the language and what they are thinking.” He says understanding the Korean mentality and their process of decision-making is vital to satisfying their real estate needs. “It’s not one person’s decision with Koreans. You’re typically dealing with conglomerates, so patience is essential.” |
Hak learned this lesson well. Recently he represented Navien America, a Korean company and the buyer of a 137,000 square foot industrial/warehouse in Irvine for $11.6 million. Additionally, he just closed the sale of a 48,000 square foot industrial facility in downtown L.A. for $6.7 million to an undisclosed Korean company. He has also represented Samsung, Hyundai, and SKC America. |
Hak brings other crucial qualities to his brokerage style. “I’m straightforward. For example, I make sure all due diligence documents are provided to my client up front. I also don’t believe in a quick buck and then disappearing. Hard, honest work returns clients and, more important, forms friendships," he says. Hak also shares his expertise with the Korean community, writing regular real estate columns for the KOREA TIMES and KOREAN DAILY, the leading media serving that community. |
Moreover, Hak uses his substantial background in film and multi-media production, which he says aids him greatly in making client presentations. Hak is a graduate of Ohio State University with a Bachelor of Fine Art in Computer-Generated Animation, and earned a Master of Fine Art in Film Production from USC. |
| Hak and his wife, Joie, and their sons Caleb, 13, and Gabriel, 9, reside in Chino Hills. In his leisure, Hak enjoys trail hiking, stretching exercises and, you guessed it, watching films. |
AIR
Member Deals
Northwest Region
•Team DeGrinis Handles $11.4 Million Simi Valley Buy
“Team DeGrinis” of Colliers International’s Encino office comprising John DeGrinis, Patrick DuRoss and Jeff Abraham, report their representation of Kingsbridge International Inc., the buyer, in its acquisition of a 208,500 square foot industrial property in Simi Valley for $11.42 million. The two-building property is located at 2900-2950 Madera Rd. in proximity to the 118 Freeway. Kingsbridge is an importer/wholesaler of housewares and giftwares. Its new property comprises a 135,700 square foot distribution building and 72,800 square foot office building. DeGrinis said the buyer will operate its business form the distribution building and will lease the office building back to the seller, Bank of America. Cushman & Wakefield represented the seller.
•Westcord Duo Deals in Fitness
Lloyd Wertheimer and Tony Principe of Westcord Commercial Real Estate Services report that NovaStor, which operates a specialty fitness center and sells high end fitness equipment, has signed a five-year lease for 3260 square feet of class A office space at Canwood Business Park in Westlake Village. Wertheimer represented the tenant. Principe represented Silagi Development Co., the landlord. The property is located at 3255 E. Thousand Oaks Blvd. The new NovaStor location supplements an existing facility in Chatsworth.
Orange County
•Voit’s Cargile Inks 30,000 Square Foot Orange Sale
Mike Cargile of Voit Real Estate Services’ Irvine office has represented buyer Wilmot Family Trust in its purchase of a 30,000 square foot industrial property in Orange for $2.77 million. The property is located at 227 E. Meats Ave.
Allen C. Buchanan and Jim Oliver of Lee & Associates-Orange, Inc. represented the seller, Willis A. Rowley Trust.
In another area Voit deal Mike Bouma of the Anaheim Metro office represented landlord CRP-2 Monarch, LLC in its lease of an 81,605 square foot industrial property in Garden Grove for a consideration of $1.9 million. The property is located at 12822 Monarch St. Jedd Zaun of Lee & Associates in Newport Beach represented CSM Fitness Equipment, the lessee.
•Lee Completes 10-Year Lease for Hager Pacific
Lee & Associates has completed a 10-year lease for a 50,344 square foot industrial space located at 533 W. Collins in Orange. David Williams and Allen C. Buchanan of Lee’s Orange, Inc. office represented the landlord, Hager Pacific Properties. The tenant, California Gasket & Rubber, was represented by Ashwill Associates.
AIR Quick
Bursts And Coming Events
27th Annual AIR Golf Classic –September 20 at the top ranked Industry Hills Golf Club at Pacific Palms Resort in Industry Hills (see Top Story).
Would You Like to Feature Your Listing on AIR’s Homepage? Your listing can be one of our Featured Properties on www.airea.com. This will include a photo of the property, availability, listing agent details and a link to your AIR brochure or flyer.
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 Jobert,
or if you have questions, call him at (213) 687-8777.
Tech
Tip
AIRMail - Online Demo is available on the AIR Website.
AIR has provided an Online demo featuring some of the major functionality benefits of the AIRMail program. Please click here to view the online demo.
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