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 [...]
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 [...]
Uncertain times. Ring a bell? What’s it take to not just survive, but thrive, in times like these? And can it be learned? Dr. Kerry Sulkowicz wrote about this recently in Business Week (he’s a psychoanalyst, founder of the Boswell Group, and advisor to executives on psychological aspects of business). Those who thrive undergo a conscious [...]
I’ve been selling industrial land for 27 years, and if their is one situation that continues to confound me, it is the “assertion” buyers sometimes make about buying Site A (a “raw” site) instead of Site B (a “finished” site) because “it’s cheaper.” What’s the difference? That is the subject of this post. Raw [...]
Higher interest rates are on the way. I’ve written about this recently, and nothing has changed about this expectation. What has changed is that banks appear willing to lend again. What are the consequences to you of rising interest rates? Well, flat out, it will cost you more to finance your acquisition of assets. How? [...]
