Did you know the CBRE Bakersfield office is locally owned? Yep. Has been since 2000, when it was acquired by partners Wayne Kress, Duane Keathley, Vince Roche, Jeff Andrew, Phil Fontes, Mark Bonas, and Fred Wilkerson. These guys average 24 years experience in Bakersfield commercial real estate. Meet them… Wayne Kress Since 1981, Wayne [...]
I read a summary last week of what I’ve been witnessing and hearing about: commercial real estate is on the rebound. The summary was in the form of an article published June 9, 2010 in the Los Angeles Times entitled Worst May Be Over For Commercial Real Estate, by Roger Vincent. (Want to read it? [...]
Chance. The possibility of a particular outcome in an uncertain situation. As in, “You only have one chance to make a powerful first impression.” Sometimes synonymous with Opportunity, chance is also a situation favoring some purpose. As in, “Usain Bolt has a chance to break the world record every time he lines up for a race.” (Note [...]
Industrial properties are moving again. Here’s some of what we’ve done so far in 2010: Buildings: Frontend Holdings leased 167,040sf in the Tejon Industrial Complex from Tejon Ranch and The Rockefeller Group. Home Décor Furniture leased 30,000sf at 2501 Union Avenue from W. Reyneveld and T. Pierce. Terminex leased 6,000sf at 3501 Pegasus Road from D. Schimnowski. Western [...]
This week marks the 6th Anniversary of Coby Vance here at CBRE’s Golden Empire Industrial Team. Fresh out of CSUB’s School of Business and a top Economics student, Coby interned for two years at Mid State Development Corp., a liaison lender between the Small Business Administration and buyers of business real estate. While there, he [...]
“If you’re going through hell, keep going.” -Winston Churchill Persistence. It’s been our byword in 2009. My Golden Empire Industrial Team of Oscar Baltazar, Coby Vance, and Kristin Mikottis perservered, soldiered on. Thanks, you guys, you’re the best! By October, we were facing a 55% decline in industrial building absorption compared to the same point [...]
