Just in: Kern County’s payroll gains outpaced every other county in the San Joaquin Valley and all but two other counties in all of California (Solano and San Mateo). According to The Business Journal’s On Numbers, by G. Scott Thomas (June 28, 2011), Kern County ranked #3 in California in the percentage increase in average [...]
Yesterday, fellow CBRE’er Michael Jordan passed me a very interesting and quite relevant article from California Watch entitled State Projected to Add 4.3 Million People by 2020 (June 24, 2011, by Joanna Lin). It is based on a California Department of Finance report issued last Wednesday. While this is short of its pre-recession projection (when it thought we’d [...]
My last post (Running Dry?) called out the ubiguity of oil in our lives, and the growing gap between the production of it and the demand for it. Not only is oil an energy source; it is, as the post points out, a fundamental ingredient in virtually everything around us. So it is that Bakersfield looms [...]
Oil prices have been on the rise, and have been for some time. For those of us in the oilpatch, this is sweet music. A natural question is how long it will last, for all too fresh is the memory of June 2008, when we entered the month with world oil prices at $147/bbl, only to [...]
Bakersfield law firm Borton Petrini, LLP, and the City of Bakersfield and Cal State University Bakersfield hosted quite an event last Saturday, the 2010 Bakersfield Business Conference. This is one of those events that you must see to believe. Ever been in a tent big enough to seat 12,000 people…at tables? That was the “main [...]
The Greater Bakersfield industrial real estate market includes six submarkets: - Airport Area - Rosedale Area (oilpatch) - Stockdale Area - Hwy 58 / Union Ave. - Shafter - Tejon Today, a profile of Tejon…specificially, Tejon Industrial Complex. Tejon Industrial Complex (TIC) is a 1,450 acre master-planned industrial logistics center mixed with highway commercial, [...]
