Feb 02
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Why We Do What We Do

Who hasn’t asked this question…about someone else?  Usually in a fit of frustration.  So the answer would be worth knowing, right?   Enter Tony Robbins…and prepare to drink from a fire hose.  In this high-energy presentation, Robbins discusses the invisible forces behind our actions.

Check it out:

 

This video is one of the more than 1,000 produced by TED…a nonprofit devoted to Ideas Worth Spreading that started out in 1984 as a conference to bring people together from three worlds: Technology, Entertainment, DesignVideos of their presentations have since been viewed more than half-a-billion times (!), and the one you just watched is the most viewed of them all.  Powerful stuff.


Author: Wayne Kress
Jan 31
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Disruptive Technology: On Display in Mojave

Space travel became a focal issue during recent Republican Presidential debates, and some of the fallout claimed privately funded space travel not only would not but could not ever replace public financing.  Don’t tell that to Stu Witt, General Manager of the Mojave Air & Space Port.  He’s too busy doing it.

Witt, a former Top Gun, has been building space port infrastructure in the Mojave Desert for 10 years, generating quite an economic engine along the way.  Bakersfield journalist Steven Mayer wrote a terrific story about the efforts of Witt and his band of private industry space pioneers.  Entitled Spaceport and appearing in the January 29, 2012 edition of The Bakersfield Californian, Mayer captures the spirit that is private space travel.  And it has been expertly fostered by Witt, who began in 2002 with a tenant base of 14 businesses and a few hundred jobs.  Fast forward to today, and 65 businesses and 2,500 jobs exist. 

These companies are creating “disruptive technology,” forever altering our common sense ways of doing things.  Like automobiles disrupting horse and buggy carriages, or the internet disrupting then-existing communications, private space travel will disrupt plenty about how we live our lives.  Imagine. 

Remember the “X Prize”?  It was a privately sponsored price of $10 million offered to the first non-government organization to launch a re-usable manned spacecraft into space two times within a two-week period.  It was invented to spur the development of low-cost space flight, and it was won in 2004 by the team of Mojave-based aeronautical designer Burt Rutan and Microsoft co-founder Paul Allen with the aptly named SpaceShipOne, and it happened at the Mojave Air & Space Port.

 

The latest news?  A joint venture between Virgin Galactic’s Sir Richard Branson and Mojave-based Scaled Composites called The Spaceship Company, whose mission it is to develop re-usable spacecraft for commercial space travel.  Check out this short video about it:

Pretty sweet!


Author: Wayne Kress
Jan 17
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Window of the Future?

From last week’s Consumer Electronics Show in Las Vegas, a report on the Window of the Future.  Check this out!

 

Thanks to Alex Balfour, a young turk in my office who specializes in brokering office properties.


Author: Wayne Kress
Jan 11
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Dollar General Chooses Tejon for New Distribution Center

 

 

 

It’s been a pretty good couple of months for Tejon Ranch Commerce Center, a mammoth 1,450-acre logistics and support center just outside Bakersfield and a development of Tejon Ranch Company.

Just before Thanksgiving, Caterpillar announced acquisition of a 46 acre site just north of TA Travel Center on which it will build a 417,000sf distribution center. 

Now, Dollar General announces it has leased 439,000sf of existing distribution center space built in 2008 as a joint venture of Tejon Ranch Company and Rockefeller Group Development Corporation.  Dollar General is  a chain of some 9,800 variety stores operating in 39 states and based in Tennessee.  They began an aggressive expansion into California last year, with plans to open 50 stores state-wide in 2012 (three stores already serve Bakersfield), and this distribution center is in support of that expansion.  They expect to employ 250 at the new center, beginning in March.

Already present in Tejon Ranch Commerce Center are IKEA, Famous Footwear, Petro Truck Plaza and a host of retail support services.

You can learn more about Dollar General here.

Welcome Dollar General!


Author: Wayne Kress
Dec 20
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Merry Christmas from the Golden Empire Industrial Team!

Merry Christmas, from us to you!  We’ve been blessed this year and hope the best for you this year and beyond.  Kristin put a little video together we want to share with you.  Enjoy!

See ya in 2012!


Author: Wayne Kress
Dec 13
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Bakersfield Expected to be Among Top Cities in Nation for Housing

Tired of falling home prices?  Me too.  Finally, some good news: Fiserv Case Shiller data show national home prices are expected to grow at an annualized rate of 3.2% between 2011 and 2016, as reported by Business Insider (The 15 Best Housing Markets For The Next Five Years, December 8, 2011, by Mamta Badkar). 

How’s Bakersfield rank?  13th best, out of all the cities in the country, with home values expected to appreciate 8.4% annually over the coming five years.  Only Madera and Napa rank higher in California.  Two-thirds of the Top 15 are western cities.

The Top 15:

15. Punta Gorda, FL +8.1% per year
14. Mobile, AL +8.2%
13. Bakersfield, CA +8.4%
12. Eugene, OR +8.8%
11. Santa Fe, NM +9.1%
10. Lakeland, FL +9.2%
9. Ocala, FL +9.4%
8. Bremerton, WA +9.7%
7. Panama City, FL +9.7%
6. Carson City, NV +10.0%
5. Flagstaff, AZ +10.2%
4. Napa, CA +10.3%
3. Madera, CA +10.4%
2. Medford, OR +11.7%
1. Bend, OR +11.9%
 
Here’s what Fiserv Case Shiller says about Bakersfield:  “Bakersfield’s home prices have fallen 58.2% since they peaked in 2Q 2006. The median home price is $123,000. The city’s unemployment rate however is a staggering 15.5% and the median household income is $51,700.”
 
At this rate of growth, it will take Bakersfield six years to reach the price points of the 2Q06 peak.  Read all about it here.

Author: Wayne Kress