Page 1

11th

Annual

Real Estate Forecast the time is

2014 NOW

The Essential Connection

Fresno County Economic Development Corporation

1


Why

Global

EDC Membership Matters to my business

Partnerships

Local

Resources

The Essential Connection for Economic Development in Fresno County CONTACT THE EDC TODAY!

to explore how partnering with us can positively affect your business The Essential Connection

2

2014

REal Esate Forecast

559-476-2500 • www.fresnoedc.com


R e c o v e ri n g

from the Recovery

According to recent publications, the real estate recovery will gain momentum in 2014. This should be good news to an industry that has experienced a recovery of fundamentals that has been much slower than it is used to after a recession. In fact, the pace of recovery can make it difficult to spot the signs of improvement until they are in full swing. At first glance, many of the trends identified for 2014 are similar to those identified in previous years. The difference for 2014 is that the market has progressed further in the economic and real estate cycles and we are now seeing real evidence that the trends have momentum to make an impact on the real estate market.

Bobby Fena, SIOR Senior Vice President | Principal Colliers International

This year may well be the year that the real estate markets “recover from the recovery”. As the US economy slowly improves, the breadth of investors and lenders interested in commercial real estate is increasing. All of a sudden the banks are getting comfortable with the real estate that scared the day lights out of them from 2007 until 2009. This level of optimism, however, continues to be muted to some extent by a nagging feeling of uncertainty. The level of uncertainty surrounding regulatory, fiscal, and monetary policy is on the rise and not likely to resolve any time soon. The market will need to deal with this uncertainty as it relates to job creation, capital pricing and the cost of doing business. On the local front, the Fresno real estate economy seems to be mirroring the national picture, albeit, at a little slower pace. Vacancy rates in all sectors of commercial real estate continue to decline. This is due, in part, to the lack of new construction over the past couple of years with the exception of the retail sector’s recent surge in construction activity. As we stated over the last couple of years, as vacancies decrease, lease rates are firming up and should continue ticking upwards this year. Most of the sublease space which was thrown into the market during the recession years has been washed out of the system and now landlords can compete on a more level playing field. Concessions in the form of free rent and over market tenant improvement allowances are diminishing as well. On the sales front, there is still quite a bit of money sitting on the sidelines waiting for good value added opportunities and income investments. A surge in activity for income producing properties has driven capitalization rates to nearly record lows, particularly for well-located long term leased properties with strong national credit tenants. The shelf life for these types of properties is very short as 1031 exchange money and the aforementioned cash buyers snap up these properties because of their secure nature as a hedge during these uncertain economic times. There is no question that the pendulum has swung to the side of the seller for income producing properties.

Phil Souza Senior Vice President Newmark Grubb | Pearson Commercial

As you will ascertain from the presentations within, we are enthusiastic about the prospects for 2014 and trust that “recovering from the recovery” will come to fruition.

Fresno County Economic Development Corporation

3


Site Selection Services Data

Financing

The EDC provides customized demographic reports for special areas of interest, including information on workforce availability, wage rates, major employers and occupations.

We make business referrals to agencies to assist with Industrial Development Bonds, loan guarantees, direct financing, local development funds, grants, micro-loan programs and SBA loan packages.

Site Selection The Corporate Locations Department provides Fresno County real estate incentive information, and coordinates site tours.

Incentive Calculation We customize incentive calculation to provide clients with an accurate monetary amount they could receive if their companies take advantage of the programs available.

Workforce Training The Corporate Locations Department coordinates with local and state training programs, including Employment Training Panel, Customized Training, and On-the-Job Training reimbursements. We also make hiring referrals to a coalition of placement agencies for recruiting, screening and interviewing.

Permitting & Regulations The EDC works closely with local jurisdictions to coordinate consistency and clarity for companies pursuing permits. We assist companies in working with regional agencies such as the California Environmental Protection Agency, the San Joaquin Valley Air Pollution Control District, and the Fresno Metropolitan Flood Control District.

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2014

REal Esate Forecast

Real Estate Information For an up-to-date internet database of available industrial and office properties, including vacant land, visit: www.fresnocountycities.com.

Utility Analysis We work with utility agencies in the coordination of rate analysis for water, sewer, gas and electric based on company usage and projected growth.

After-Care Services The EDC has created a retention and expansion program called the “BEAR Action Network�. The prime directive of the program is to enhance the stability and growth of existing businesses which will result in job creation and capital investment.

Esther Cuevas Director of Corporate Locations ecuevas@fresnoedc.com 559-476-2507 www.fresnoedc.com


Lee Ann Eager President/CEO Fresno County EDC

As California continues its economic recovery, the outlook for Fresno County is looking bright. California’s economic climate shows growth in almost every industry including construction, manufacturing, biotechnology, retail, health services, and logistics and distribution. After nearly five years of consistent recovery, California is finally on solid ground. According to the University of the Pacific’s Business Forecasting Center, the entire Central Valley will experience economic growth in the next five years. Unemployment rates are projected to drop to 10% in Fresno County by 2017. Throughout the Valley, food processing and agriculture-related industries in particular are sectors that continue to have potential for growth. Despite the current drought situation, we believe that new opportunities will arise in the form of innovative drought solutions and water efficiency technologies. Thus, we must work together as a business community to find solutions to this devastating drought and continue to assist our businesses and farms with their growth and expansion.

Population growth in the Central Valley is predicted to soar, home prices continue to increase, more and more businesses are expanding, and the growth of new businesses is on the rise.

All of these indicators point to a positive future for real estate in Fresno County. As we look at what is before us, it is hard not to be optimistic. Population growth in the Central Valley is predicted to soar, home prices continue to increase, more and more businesses are expanding, and the growth of new businesses is on the rise as our unemployment continues to decrease. While new industries and technologies emerge in our community and high speed rail begins to play an increasing role in new business opportunities - we are poised for great things in the real estate industry in the coming years. Fresno County is and will continue to be the heart of the San Joaquin Valley and ‘The Time is Now’ to be a part of our exciting future.

Fresno County Economic Development Corporation

5


The 4 Biggest Catastrophes in Corporate Event Planning And How To Avoid Them

How to Pull off the Perfect Event Without the Stress. Call us today for a free assessment of your upcoming event (a $500.00 value) www.msieventproductions.com

559-346-1020

The Greatest Hits on Earth!

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2014

REal Esate Forecast


Al Solis Chairman Fresno County EDC

The Fresno County Economic Development Corporation (EDC) is recognized as The Essential Connection for expanding economic development throughout Fresno County. Supporting the region since 1981, the EDC markets Fresno County as the premier location for business prosperity. In particular, the EDC facilitates site selection for new businesses within Fresno County and assists in the retention and expansion of businesses already located in the area.

The Real Estate Forecast publications serve as barometers and strategic tools to help our businesses, cities, and communities.

Since 2004, the EDC has gathered local experts from diverse real estate sectors to provide the community with information and updates about the real estate market in Fresno County. This year, the EDC proudly celebrates its 11th Annual Real Estate Forecast: “The Time is Now�. Bobby Fena and Phil Souza have spearheaded this event for over a decade and have worked tirelessly with our guest speakers year after year to provide the community with real estate forecasts, data, and statistics relevant to Fresno County. The Real Estate Forecast publications serve as barometers and strategic tools to help our businesses, cities, and communities monitor trends and stay current with the local real estate market in relation to the rest of the state and nation.

Fresno County Economic Development Corporation

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8

2014

REal Esate Forecast


Table of Contents

10

26 34 38 39 40 41 42 43 44 45 46

14

Industrial

Agriculture

28

Office

TiTle sponsor: Precision

Cor por ate Lo c atio n s City of Clovis City of Coal in g a City of Firebaug h City of Fo wl er City of Fr esn o City of Kerm an City of Kin g sbu rg City of Men dota

47 48 49 50 53 54 56 57 60

18

Retail

30

Investments & Multi-Family

22

33

residential

Luis A. Belmonte

City of Reedley City of Sanger C i t y o f S a n J oaq ui n City of Selma High Speed Rail B EA R Act i o n N e t w ork B oa r d o f D i r e ctor s EDC S ta f f E d c I n v e s tor s

City of Oran g e Cov e

Fresno County Economic Development Corporation

9


Nick Audino Senior Vice President Newmark Grubb | Pearson Commercial

Industrial Mr. Audino has been a Senior Vice President at Newmark Grubb Pearson Commercial since 2013 where he specializes in sales, leasing, acquisition, disposition and ground-up development of industrial property throughout the Central San Joaquin Valley. Mr. Audino began his career at CBRE in 1997 after graduating from California State University Fresno with a Bachelor of Science Degree in Real Estate and Land Use Economics. During Mr. Audino’s tenure at CBRE, he maintained the status of being one of the top producers from 2003 to 2013, and he was honored as the “Top Producer” for six consecutive years.

Asking Rent and Vacancy

Asking Rent and Vacancy

$0.40 11.0% $0.38

$0.36

9.0%

$0.34 7.0% $0.32

$0.30

5.0% 4Q08

4Q09

4Q10

Asking Rent (Price/SF/mo.)

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2014

REal Esate Forecast

4Q11

4Q12

4Q13

Vacancy (%)


200,000 sq ft of new speculative industrial development is planned for 2014

The statistical trend lines for all indicators vacancy, lease rates, property values, absorption, construction activity and land sales are pointing in the right direction.

Slow steady economic growth and positive leading indicators have lured companies back into the market. Many of these companies are faced with little or no capacity for growth in their current facilities after having downsizing during the recession.

Lease rates for large warehouse and distribution space rose to $.33 psf and small industrial flex space to $.55 psf.

The average sales price for buildings 25,000 sq ft and smaller was $53 psf, while large industrial greater than 100,000 sq ft was $38 psf.

200,000 sq ft of new speculative industrial development is planned for 2014.

Ground up development is becoming a viable option for users as the price gap between acquisition and retrofit of existing product VS new construction narrows.

Fresno is the least expensive location in California to operate, when compared to Los Angeles, Long Beach, Oakland and the North Bay.

California High Speed Rail Authority is actively acquiring property up and down the alignment. The market will see increased demand from businesses relocating, and businesses coming into the area to work on the project.

The market will continue to transition from Buyer/Tenant to Seller/Landlord in 2014.

Absorption

Absorption 1,000,000

600,000

200,000

-200,000

-600,000

-1,000,000

4Q08

4Q09

4Q10

4Q11

4Q12

4Q13

Net Absorption (SF) Fresno County Economic Development Corporation

11


12

2014

REal Esate Forecast


Fresno County Economic Development Corporation

13


Scott Buchanan Vice President, Office Properties Colliers International

Office Scott is a Vice President within Colliers Internationals Central California Office Properties Group and has leased/sold in excess of 2,000,000 square feet of office space and commercial land. His areas of expertise are office properties – sales and leasing, tenant representation, landlord representation, and investment properties. As a Fresno native, Scott has extensive knowledge of the Central Valley, which has helped significantly strengthen his knowledge of the Central California office market. Scott received his Bachelor of Science Business Administration, Marketing and Real Estate Degree from University of San Diego, in 2002. Some of Scott’s professional and community service affiliations include Saint Agnes Hospital Men’s Club and the University of San Diego Real Estate Institute. Scott has been a consistent producer on one of the most successful office property teams in Central California since mid-year 2003 and has been named “Colliers International Top Performer in both 2011 and 2013.”

Transaction by Year

2013

TRANSACTION VALUE  -­‐  ESCROW  

2012

TRANSACTION VALUE  -­‐  LEASES  

2011 $0.00  

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2014

REal Esate Forecast

$20.00 Millions  

$40.00


Submarket Vacancy South of Herndon 2011-2013

West Shaw  

2013 Airport    

2012 2011  

East Shaw    

Downtown

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

Historical Data – Vacancy Rates 2003 Through 2013

14.1 11.8   7.8  

8.4

7.2

12.5

13.19 13.03   13.01   12.97  

8.4

1 1   2003  

2004

2005 2006   2007  

2008 2009  

2010

2011

2012

2013

Annual Vacancy  Rates   Fresno County Economic Development Corporation

15


T H E P E A R S O N C O M PA N I E S

California’s Largest Ag Brokerage Firm

www.pearsonrealty.com FRESNO OFFICE | 7480 N Palm Ave Suite 101 Fresno CA 93711 | Grubb & Ellis/Pearson: 559.432.6200 Retail California: 559.256.1700 VISALIA OFFICE | 3447 S Demaree St Visalia CA 93277 | 559.732.7300 BAKERSFIELD OFFICE | 1801 Oak St Suite 119 Bakersfield CA 93301 | 661.334.2777

DEEP ROOTS SAN JOAQUIN VALLEY

CA

Colliers understands the local commercial real estate environment. For over 45 years, we’ve been helping to connect growing valley businesses with the right real estate opportunities. From our offices in Fresno and Bakersfield, to our experts around the globe, whatever your commercial real estate needs, Colliers International is here to help cultivate your success. colliers.com/fresno

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2014

REal Esate Forecast


Get it all in our gated Tuscan Villas community! From beautiful open kitchens, complete with granite and stainless steel appliances to energy saving solar panels.

v i l l a s Tuscan Villas features an intimate neighborhood park and offers several floor plans on lowmaintenance home sites. Located in the award-winning Home

Sanger Unified School District, this

from s starting

fast-growing area of Fresno offers

$220,950

easy freeway access and short commutes around town and to several nearby cities.

gvhomes.com • 559.445.9000 • 888.445.9770

Sunnyside Grove Fowler/Chruch

Fresno County Economic Development Corporation

17


Doug Cords Vice President Commercial Retail Associates

Retail Doug Cords joined Commercial Retail Associates in 1999 and became active in tenant representation, shopping center leasing and investment sales. Since that time, Doug has been involved in nearly 1,200 lease and sale transactions.  Doug has been recognized as a Top Producer at Commercial Retail Associates every year from 2003 to 2013 and was a recipient of the CoStar Power Broker Award for Retail in the Fresno region from 2008 through 2012.  Doug became a partner in Commercial Retail Associates in 2011, and is licensed in the State of California as a Real Estate Broker. Doug graduated summa cum laude with a Bachelor of Science Degree in Finance from Santa Clara University in June of 1995.  He earned a Master of Business Administration Degree from California State University, Fresno, graduating summa cum laude in December of 1998.  He began his career with Arthur Andersen, LLP and is licensed in the State of California as a CPA. Doug is a member of the International Council of Shopping Centers and is active in coaching youth with the Fellowship of Christian Athletes.  Doug is married to wife Tarah and has three children, Lili, Lucas and Bennett.

Source: Cassidy Turley Research (used with permission)

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2014

REal Esate Forecast


E-Commerce Impacting Retailer Growth Planned Unit Growth by Retail Sector (Next 12 Months)

17,208

The retail marketplace will change more in the next FIVE years than it has in the past 20.

15,935

42%

3,437 1,655

Restaurant

Services Misc

Apparel

Dollar

1,052

1,016

712

Home

Grocery

Drug

Source: Cassidy Turley Research (used with permission)

Fresno County Economic Development Corporation

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We help people Retail

Medical

make money.

Office

Building Relationships for Life Quiring General LLC - (559) 432-2800 - www.quiring.coml

Robert Wiebe

Kevin Hinton

Te n a n t I m p r o v e m e n t

Frank Hambalek

And we help them We help people make money.

keep it.

Clients depend on us for solid advice and

• Asset Allocation Analysis

innovative strategies to make the most of

• Tax Deferred Exchanges

their real estate investments. We provide a wide array of accounting and consulting services to help you make the right business choices. Robert Wiebe Hinton Frankour Hambalek Whether buying Kevin or selling property,

And we help them

• •Buy/Sell Decisions Buy/Sell Decisions • •Asset Allocation Analysis Entity Selection • Tax Deferred Exchanges • Property Tax Consulting • Entity Selection Common Area Accounting • •Property Tax Consulting • •Common Area Accounting Acquisition and Disposition of Real Estate • Acquisition and Disposition of Real Estate

keep it.

guidance throughout the process includes benefits analysis, tax planning, financial

Whether buying selling property, guidance consulting, andornegotiations. Callour or email us

throughout the process includes benefits analysis, tax planning, financial consulting and negotiations.

to receive our free weekly newsletter or visit us online at whhcpas.com .

Call or email us to receive our weekly e-newsletter or visit us online at whhcpas.com

20

2014

REal Esate Forecast

7090 N. Marks Avenue, Suite 104 | Fresno, California 93711 7090 N. Marks Avenue, Suite 104 | Fresno, California 93711

whhcpas.com

559 -431-8334

559.431.8334

Real Estate | Construction Real Estate | Construction | Agriculture | Agriculture


Fresno County Economic Development Corporation

21


J. Scott Leonard President/CEO Guarantee Real Estate

Residential J. Scott Leonard is the President and Chief Executive Officer of Guarantee Real Estate Corporation, a Berkshire Hathaway Affiliate: Guarantee is engaged in the residential real estate brokerage business. Since assuming the position of President and CEO in 1985, the company has grown from 45 employees to over 500. Guarantee was honored to be the 1997 recipient of the prestigious Central California Excellence in Business Award as well as multiple “People’s Choice” awards and “Best of the Valley” awards. In 2007, Guarantee Real Estate started the Guarantee Goodwill Network. Since its inception, the network has contributed over $250,000 to local charitable groups focused on improving the quality of life throughout the communities of California’s Central Valley. On December 31, 2012, Guarantee Real Estate was acquired by HomeServices of America, a Berkshire Hathaway Affiliate. Scott continues as the CEO of the company.

Median Sales Price Homes, PUDs, & Condos,

$194,500

$160,000

$137,000

$143,500

$145,000

$251,000 $153,000

$150,000

$190,000

$225,000

$282,500

$245,000

$300,000

$285,000

Fresno County

$75,000

$0

2003

2004 2005 2006

Source: Fresno MLS

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2014

REal Esate Forecast

2007 2008

2009 2010

2011 2012 2013


December Months Supply of Inventory

Total Homes, PUDs, & Condos Sold

Fresno MLS

Fresno County

9,013

17.1

8,349

9,252

8,571

9,363 6,502

15

Number of Months

4,875

5,000

20

6,778

8,997

8,407

7,500

8,009

10,000

7.1

2,500

0

9.5

10

5.1

5

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

0

2013

Source: Fresno MLS

4.1

4.0 1.5

1.6

2003

2004

2005

2006

2007

2008

3.6

2009

2010

2011

2.9

3.1

2012

2013

Source: Fresno MLS

Market Share Short Sale, REOs, Traditional Sales Fresno County Residential

2011

2012

19.0%

42.1%

Traditional

Short

38.9%

47.5%

15.9% Short

Short

15.8%

Traditional

28.7%

REO

Traditional

23.8%

2013

REO

Short

68.3%

REO

Traditional

REO

Source: Fresno MLS

Fresno County Economic Development Corporation

23


Work is Hard Play Something Easy

KJEWEL FM

kjwl.com

24

2014

REal Esate Forecast


The Fresno Housing Authority works to create vibrant communities, build quality affordable housing, and support the success of approximately 50,000 residents throughout Fresno who reside in Housing Authorityowned complexes or who receive Housing Choice Vouchers.

Fresno County Economic Development Corporation

25


Stanley J. Kjar, Jr. Vice President, Agricultural Properties Pearson Realty

Agriculture Stanley J. Kjar has been a member of the Pearson Realty Farm Department since November 2010. Prior to Pearson, he served as Vice President and Operations Manager for Kings Equipment Company, Inc., his family owned farm equipment business. Stanley helped grow the business during his 13 year management from a single store operation to three locations in Hanford, Selma, and Madera. Kings Equipment Company was consistently in the top 25 dealers for Massey Ferguson in North America for over 37 years, and awarded top volume dealer for 6 of their last 10 years in operation. Stanley served on the Dealer Board of Directors for the Massey Ferguson division of AGCO Corporation, based in Duluth, GA. He graduated from CSU Fresno in 1999 with a Bachelors Degree in Agricultural Business, and also holds a California Department of Real Estate Broker’s license. In addition to his extensive Agricultural Business knowledge, Stanley has also directly farmed grapes, almonds and row crops in Kings and Fresno Counties. He specializes in the representation of clients selling and acquisitioning farm properties in the greater Fresno, Madera, Kings and Tulare counties area. Since joining Pearson in 2010, Stanley has been involved in numerous Ag-real estate transactions totaling more than $80 Million and 4,600 acres.

Commodity Prices Remained Stable to Strong Almonds 2013 crop slightly larger than forecasted 1.95 billion lbs. delivered to date vs. 1.85 billion forecasted Market prices passed $3.80/lb. level, but softened slightly since orchard bloom Exports overall remain stable +4% 2013 vs. 2012 China

-25%

India

-26%

Western Europe

+25%

Grapes

Eastern Europe

+21%

Wine

Middle East/Africa

+37%

Market stable, long-term production contracts are becoming more difficult to secure

Raisins •

Large raisin crop

Field price decreased 15%

Row Crops/Feed Crops •

Stable demand for all feed crops (Alfalfa, corn, grains)

Dairy •

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2014

REal Esate Forecast

Milk price has increased above breakeven levels for efficient producers


Water AllocationPercentage Percentage WaterDistricts Districts Allocation (2014(as allocation as of publication of March 2014)date)

100 90 80 70 60 50 40 30 20

State

10 0

2002

2003

Fed CVP

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Farm Land Values

Farmwater, Land Values (avg. price with good soil, and crop production history) (avg. price with good soil, water, and crop production history)

45,000

PISTACHIO 40,000

ALMONDS GRAPES

35,000

Price Per Acre

TREEFRUIT 30,000

CROPLAND

P r i c e 25,000 P e r 20,000 A c r e 15,000 10,000 5,000 -

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Fresno County Economic Development Corporation

27


Conserving Water, Saving Money As the market begins to gain momentum after the monumental downfall, those willing to invest their dollars are looking to get more value for their money spent. Now more than ever, it has become increasingly important for businesses to offer services and products that provide advantage over the competition. In an effort to streamline the development process and offer its’ clients a better return on their investment, Precision Civil Engineering, Inc. (PCE) maintains a comprehensive list of services. Having multi-disciplines within its’ design team brings corroboration, foresight and balance between all disciplines since they are housed in the same office. “The development process can be tedious and expensive, especially if you have to use several companies to complete your project,” PCE owner Ed Dunkel, Jr. said. “By offering most of our clients’ needs under one roof, we’re not only simplifying the process for them, we’re making it more timely and affordable.” PCE takes pride in providing responsive turn-key services. They understand the difficulties in trying to develop a project and assuring compliance with legislative requirements. By keeping ahead of the curve with these demands, whether it be water conservation, storm water, air, ADA, etc., PCE helps their clients migrate through what can seem like a bureaucratic maze. Water conservation is one of the most important topics today. Landscaping is one of the greatest areas for water use. Brad Greenbury is PCE’s in-house landscape architect, bringing more than 20 years of experience to the firm. His extensive experience in designing planned residential developments, model homes, shopping centers, industrial complexes and private estate gardens throughout California, guides all PCE landscape architecture projects. Brad understands the importance of water conversation and has designed water-friendly landscapes for this issue.

28

2014

REal Esate Forecast

Last year was one of the driest on record and this year will be likely even drier with many cities considering implementing water restriction and water rate increases. Now is the time for companies to make changes to be more efficient. Simply put water is money. It means finding ways to reduce water consumption to make properties more profitable. The most significant saving can be traced to landscaping, the greatest area for water waste. By changing to water-wise plants and efficient irrigation components, great savings can be achieved. The above changes can reduce landscape water consumption by as much as 50%. Today the cost of water is not high, but the time will come very soon when it will become the most costly utility bill you have for every property you manage. According to Greenbury, “A Water Conservation Analysis of your property will allow you to determine how much water is required per year.” A landscape review of site plants and their annual water needs will determine how much water is needed for a healthy looking landscape. An evaluation of your current irrigation system; sprinklers, controller and overall design for water efficiency will tell if you are using too much water, and ways to conserve it. “Consider a landscape and irrigation system evaluation to determine what measures you can take to reduce water use and still have a landscape which is pleasing to the eye. Not only is water consumption greatly reduced but maintenance cost is also reduced,” Greenbury said. Another area PCE helps their clients is through Storm Water Compliance. The State Water Resources Control Board Construction General Permit (GCP) requires the development and implementation of a Storm Water Pollution Prevention Plan (SWPPP) for projects that disturb 1 or more acres.


Simply put water is money. It means finding ways to reduce water consumption to make properties more profitable.

Land Surveying Water Resources Transportation Public Works Mitigation Monitoring Programs Air Impact Assessment/ Indirect Source Review (ISR) Geographical Information System (GIS) Mapping Planning Land Development Landscape Architecture Permit Processing Construction Management Storm Water (SWPPP) Biological Permitting/Planning Phase 1 Site Assessments

PCE helps their clients navigate the convoluted system and stay out of trouble through their Qualified SWPPP Developers (QSD) and practitioners (QSP). PCE has provided engineering services to the Valley for more than 50 years. PCE was founded on the principles of responsiveness, reliability, and integrity. Their experienced and diverse staff is extremely committed to providing consistent, responsive, and high quality service. PCE is an established, full-service firm, serving as an advocate for their private and public sector clients in the planning, design and construction for a wide breadth of projects. They believe in timely, affordable service and their qualified professionals allow them to fulfill all of their clients’ needs within budget and on schedule. Their team brings a wide range of hands-on experience to every assignment, permitting them to serve their clients during each project phase, including due diligence, planning services, design and construction oversight. PCE’s ability to establish and maintain relationships means they offer the stability of a firm that has developed strong ties with our community.

Cultural Resources CEQA/NEPA Documentation

Fresno County Economic Development Corporation

29


Robin Kane Senior Vice President Hendricks-Berkadia

Investments & Multi-Family Robin C. Kane is Senior Vice President with Hendricks-Berkadia, a national apartment advisory firm. Prior to joining Hendricks, Robin was the founding partner of RCK Organization. Client list included the FDIC, Sentinel Real Estate, State Street Bank, Bank of America, Lend Lease, Heitman Financial, Legacy Partners, AIMCO, Downey Savings, UDR, Inc. and America First. Since he appeared in 2013 Real Estate Forecast, Robin has transacted on over 1,700 units totaling more than $100,000,000.

2013 In Review % Rate rise was the biggest story in 2013 • Sales pace slowed in June but fully recovered in 4th Q • Lenders slowed, but accelerated production in 4th Q • BUT Core Market values INCREASED (Cash, less leverage) Fresno MSA Apt Sales hit another new level • Sales have surpassed $120M, highest since 2006! • 35 Sales in 2013 vs. 19 sales in 2012 Demand outpacing available supply • Best of Breed Caps in 2nd mkts same as core markets • CA Tertiary Markets: More liquid than 2nd Markets outside CA • New buzzword: Value Funds Equilibrium finally returning to CRE Investing • Non-residential CRE increased faster than Multifamily

30

2014

REal Esate Forecast


Fresno/Madera Sales 1995-2013 (w/ 10y, 6mCD & cap rates*) 200,000& 10.25%&

180,000&

160,000&

Sales&

10yrT&

6mo&CD&

8.25%&

Cap&Rate&

140,000&

120,000&

6.25%&

100,000&

80,000&

4.25%&

60,000&

40,000&

2.25%&

20,000&

0&

0.25%& &

13

20

&

12

20

&

11

20

&

10

20

&

09

20

&

08

20

&

07

20

&

06

20

&

05

20

&

04

20

&

03

20

&

02

20

&

01

20

&

00

20

&

99

19

&

98

19

&

97

19

&

96

19

&

95

19

State of Commercial Real Estate Lending The balance has shifted: More dollars chasing deals The feds concerned, expect tighter underwriting Refinancing: Owners seeking smarter prepayment 60 day payoff windows were a “dumb� move FNMA/FHLMC: returning to historical levels (35%) 2013 10% downsizing- minimal impact 2009-10: Peaked at 85%, currently 48%, dropping Other lenders are stepping up, larger mkt share The Best Lenders for your Multi-Family deal For newer, smaller properties: FNMA For older, larger properties: FHLMC Those with good relationships: Community Banks Older, more challenging deals: CMBS Best of Breed: Life Cos.

Fresno County Economic Development Corporation

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If You Can’t Be There, Be Here

New Home of Fresno State Athletics

The Place to be in Downtown Fresno Civic Center Square is a pedestrian friendly, commercial and retail community that blends the history of downtown Fresno with a clear vision for the future.

906 N Street, Suite 200 32

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Fresno, CA 93721

559-485-4700

www.civiccentersquare.com


Luis A. Belmonte Keynote Speaker Seven Hills Properties

Luis A. Belmonte is a principal of Seven Hills Properties, developers of retail, multi-family and industrial real estate in California, Oregon and Nevada. Previously, he was an Executive Vice President of, and one of the founders of, AMB Property Corporation, where he ran their development program ($250 million per year) and supervised management of assets (50 million sf) in the Western U.S. During his tenure at AMB, he spearheaded its effort to enter the Mexican market and developed its headquarters building on the San Francisco waterfront. Prior to his tenure at AMB, Luis was a partner with Lincoln Property Company, responsible for industrial development projects in Northern California. Over the course of 16 years, he developed in excess of 18 million square feet of industrial buildings. His responsibilities included site selection, financing, construction management, leasing and property management. Luis spent three years on active duty with the U.S. Navy, during which time he rode a destroyer escort on coastal patrol in Vietnam and spent 13 months as the Naval Gunfire Liaison Officer, Fire Support Coordinator and forward observer with the First Marine Regiment. He graduated from the University of Santa Clara with a Bachelor of Arts degree (cum laude) and did graduate studies in Political Science at the University of Chicago and the University of California at Berkeley. He is a member of the Urban Land Institute, where he chairs one of the Industrial and Office Park Councils. He is past president of the San Francisco chapter of NAIOP. He is a board member of Boys Hope Girls Hope San Francisco and Edgewood Center For Children, where he serves as Finance Chair.

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Corporate Locations Fresno County Economic Profile Located in the heart of California, Fresno County has an unmatched diversity of natural beauty, recreational amenities, and business opportunities, not to mention its proximity to three national parks. Including an area of more than 6,000 square miles, Fresno County is California’s sixth largest county. Within its boundaries are some of the world’s most fertile agricultural land and most majestic mountains, lakes, and forests. In addition to country farm trails featuring the bountiful harvest of the nation’s #1 agricultural county, Fresno County supports a variety of core industries including manufacturing, logistics and distribution, alternative energy, healthcare, water technology, food processing, and biotechnology. From Fresno County, all of California and Nevada can be reached within one day; most of the Western Region can be reached within two days. More than 500 trucking and warehousing firms operate in the area. Two major railways, Union Pacific and BNSF Railway Company, operate several intermodal facilities with connections to all outbound destinations. The nation’s largest parcel carriers – UPS, FedEX, and OnTrack, operate out of Fresno Yosemite International Airport, with guaranteed next day service available anywhere in California and Nevada.

The Essential Connection

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Sacramento

Fresno County

San Francisco Port of Oakland

Los Angeles Port of Long Beach San Diego

15 Cities 15 Choices Population

2010

Current

Clovis

95,480

99,983

Coalinga

18,225

16,729

Firebaugh

7,488

7,777

Fowler

5,557

5,801

Fresno

414,182

508,453

Huron

6,757

6,790

Kerman

135,33

14,225

Kingsburg

11,384

11,590

Mendota

11,019

11,178

Orange Cove

9,074

9,353

Parlier

14,501

14,873

Reedley

24,094

24,965

Sanger

24,264

24,703

San Joaquin

4,012

4,029

Selma

23,229

23,799

Unincorporated

166,959

167,918


Corporate Locations Fresno Best in California

A 2013 site selection study compares the cost of operating a distribution warehouse in a series of 29 leading intermodal transportation hubs in the U.S. West and Western Canada, including Fresno -- which recorded the lowest cost among the eight surveyed California locations. Comparing Cost to Operate a Distribution Warehouse

North Bay CA Metro Area

Los Angeles CA Metro Area

Fresno Ca Metro Area

Average Hourly Earnings

$15.51

$14.18

$13.29

Annual Base Payroll Costs

$5,167,932.00

$4,724,776.00

$4,428,228.00

Fringe Benefits

$1,757,097.00

$1,606,424.00

$1,505,598.00

Total Annual Labor Costs

$6,925,029.00

$6,331,200.00

$5,933,826.00

Electric Power Costs

$2,284,800.00

$2,347,200.00

$2,284,800.00

Amortization Costs

$7,529,156.00

$6,597,572.00

$5,334,043.00

Property and Sales Tax Costs

$2,074,951.00

$2,344,600.00

$1,738,508.00

Shipping Costs

$2,745,474.00

$3,117,416.00

$2,936,284.00

Total Annual Geographically-Variable Operating Costs

$21,559,410.00

$20,737,988.00

$18,227,461.00

Non-exempt Labor

Source: The Boyd Co.,inc., Location Consultants, Prienceton, NJ.

Ground Shipping 2 Day Delivery

Seattle Butte

Portland

Boise Jackson

Next Day Delivery

Reno Salt Lake

Sacramento

Cheyenne

San Francisco Denver

1/2 Day Delivery

Fresno Los Angeles

Las Vegas Phoenix

Next Day Delivery

Esther Cuevas Director of Corporate Locations ecuevas@fresnoedc.com 559-476-2507 www.fresnoedc.com

Albuquerque

San Diego Tucson

2 Day Delivery Fresno County Economic Development Corporation

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Community Incentives

Foreign Trade Zone The Foreign-Trade Zone (FTZ) Program is used to help encourage valueadded activity at U.S. facilities in competition with foreign alternatives by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings. • Duty deferral • Duty elimination • Inverted tariff relief • Ad valorem tax exemption • No time constraints on storage

HUBZone The chief advantage a HUBZone Certification gives a small business is preferential treatment when bidding on Federal Contracts. • The HUBZone firm gains a 10% cost advantage in bidding on government contracts over non-HUBZone competition • Certified HUBZone firms can also qualify for higher SBA-guaranteed surety bonds on construction and service contract bids.

Recycling Market Development Zone The RMDZ loan program can also fund a maximum of 75% of costs directly attributed to an eligible project up to a maximum of $2 million, whichever is less • One-stop permitting assistance • Waiver or reduction of development/permit fees • Revolving loan fund and installment payment of fees

Job Training and Placement Services County of Fresno Department of Social Services (DSS) • Provides programs to ensure that individuals and families will be safe, self sufficient, healthy, out of trouble at home, in school or at work New Employment Opportunities (NEO) Program • A DSS subsidized employment program giving CalWORKs participants work experience that enables them to transition into unsubsidized fulltime employment Fresno Area Workforce Investment Board (WIB) • Provides specialized job training and placement services California Employment Development Department (EDD) • Provides job placement, training, and labor market information

Development Financing Federal Level • Economic Development Administration (Grants & Loans) • U.S. Department of Housing & Urban Development (Grants & Loans) • Small Business Administration (7a Loan Guarantee Program) administered by Valley Small Business Development Corporation • CEN-CAL Financial Group (540 Loan Program and Micro-Revolving Loan Program) • USDA (Grants & Loans) State Level • California Infrastructure and Economic Development Bank • Rural Economic Development Infrastructure Program (REDIP) (Grants & Loans) • Valley Small Business Development Corporation (VSBDC) (State Loan Guarantee Program and a wide variety of other loan programs) • Taxable Industrial Revenue Development Bonds (as allowed by State and Federal law)

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For more information on local incentives, call the EDC Esther Cuevas Director of Corporate Locations ecuevas@fresnoedc.com 559-476-2507 www.fresnoedc.com


The Fresno Energy Watch Partnership is a comprehensive Local Government Partnership between the City of Fresno, the Economic Development Corporation serving Fresno County, and Pacific Gas and Electric Company. At the core of this effort is the City of Fresno and the EDC assuming a leadership role in integrating utility energy efficiency programs and services resulting in energy savings, increased participation, education, and awareness. The Fresno Energy Watch was recently recognized with an Honorable Mention in the American Council for an Energy Efficient Economy’s Third National Review of Exemplary Programs by its Expert Review Committee. Primary selection criteria included direct energy savings, market impacts, cost effectiveness, customer service and satisfaction, innovation, and transferability.

Every dollar you spend on energy is a dollar lost for something else that can make your business more successful. Believe it or not, the amount you spend on energy is up to you. The good news is that the Fresno Energy Watch is here to help. Simply by going to www. FresnoEnergyWatch.com, you can:

• Get a customized set of no- and low-cost programs you may qualify for, just by answering a few simple questions about your facilities and operations • Identify rebates to help lower the cost of becoming more energy efficient • Explore financing options created specifically for energy efficiency projects like our zero-interest POWER Loan By consulting with professionals, taking advantage of rebates, and utilizing attractive financing options, you could see positive returns from day one and may see significant results over the long term.

FresnoEnergyWatch.com

This program is funded by California utility customers and administered by PG&E under the auspices of the California Public Utilities Commission. “PG&E” refers to Pacific Gas and Electric Company, a subsidiary of PG&E Corporation. ©2014 Pacific Gas and Electric Company. All rights reserved.

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City of

Clovis

Continues a Positive Trend

Development activity remained extremely active in the City of Clovis during 2013. Building on the previous year’s activity, continued growth created a positive indicator regarding the health of the community. The 450,000 square foot Clovis Crossing Shopping Center is nearly built-out with the addition of several restaurants and retailers - many who are new to the Clovis market like BevMo, Kirkland’s, Habit Burger, Homegoods, Dress Barn, Maurices and Shila Korean BBQ. Retail buildings that sat vacant for much of the recession are now home to Burlington, Wal Mart Community Market and True Value Hardware. These new retail center anchors are instrumental in the renewal of the shopping centers where they are located. New home construction has rebounded from the low point during the recession to 850 single family permits being pulled in 2013. This returns new home permitting to Clovis’ 25-year average. As Clovis’ General Plan update nears completion, it creates a picture of the Community’s future out to 2035. Community members, City staff and the City Council have made decisions that will shape the growth into the urban centers of the southeast, northwest and northeast. The General Plan update also looks to the core of the City to make sure those areas do not get left behind. Additionally, the Shaw Avenue Corridor Plan is nearing completion and work on the Old Town Plan is just beginning.

The Clovis City Council has taken action to reduce the cost of developing in Clovis. In May, the Clovis City Council approved a revision of the master fee schedule to adjust fees and reduced major facility sewer and water, outside travel lane, traffic signal and parks fees for office and industrial development. In addition, Council approved a Core Area Fee Reduction Program that reduces development fees in the core area by eliminating sewer major facilities, parks, fire and police fees. Clovis’ Core Area is all land located south of Sierra Avenue to Ashlan Avenue and west of Locan Avenue to Willow Avenue. The elimination of these development fees reduces costs by as much as 70%. According to Mayor Ashbeck, “Business development is essential to the City. Reductions in development fees for job-generating industrial and office development, along with Clovis’ efficient permit processing and assistance for new businesses, will help continue to stimulate and diversify our local economy.” The City of Clovis is a well-planned, affordable community. It is a great place to live and to operate a business. In January of this year, the City of Clovis was ranked No. 1 in California to Raise a Family by leading money blog NerdWallet.com. The rankings involved scoring California cities in five categories which includedschool ratings, home values, home ownership costs, household income, and income growth. This allowed Nerdwallet.com to determine which California cities had the best combination of good schools, affordable housing, and opportunities for economic growth which are critical for families to thrive. Business development is important to Clovis. It helps facilitate the creation of new jobs, opportunities for residents and tax revenue that provides for city services. City Council and staff remain committed to business success. It is our goal to reduce red tape, be responsive and make Clovis the “place of choice” to live, work, and play.

Contact: Tina Sumner Community & Economic Development Director (559) 324-2082 tinas@cityofclovis.com 38

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City of

Coalinga…

Nestled in the Pleasant Valley at the eastern edge of California’s Coastal Mountain Range, Coalinga lies on the sunny side of the Valley where the air quality is better and the winters are fog-free. Nestled in the Pleasant Valley at the eastern edge of California’s Coastal Mountain Range, Projects Underway /Projects Recently Completed •

Elm Avenue (SR198 Beautification)

Downtown Plaza Rehabilitation

New 3 Million Gallon Potable Water Tank (photo)

DaVita Dialysis Facility

Big 5 Sporting Goods

Save A Lot Food Store

Dollar General

Coalinga HS Modernization Program

Chevron Solar to Steam Plant (photo)

City Infrastructure •

12 million gallon/day surface water treatment plant

19 million gallons of water storage capacity

Class 3 ISO Rating

1.34 million gallon/day wastewater capacity

City is the natural gas provider within city limits

Contact: Rene A. Ramirez, City Manager (559) 935-1533 ext. 111 rramirez@coalinga.com

Coalinga is surrounded by hills, ranches and is located 65 miles southwest of Fresno, the state’s fifth largest city and 10 miles west of Interstate 5. It is a full service city with a high quality of life, low crime and quality housing providing a wide range of services to approximately 18,000 people. Coalinga is home of West Hills Community College, an excellent school system, regional medical center, and a recreation and parks district. Coalinga resides within the Monterey Shale region. A renewed spirit of energy exploration and extraction has emerged. Opportunities for those businesses that support the energy industry are evolving. There is a need for human resources, heavy equipment, and parts and supplies. Agriculture is another industry that dominates this part of the Central Valley. The Pleasant Valley is home to an ever increasing forest of almond and pistachio trees, trees that grow well with the native ground water. In addition to the nut trees, carrots and tomatoes can also be found growing in the Pleasant Valley. West Hills Community College offers a variety of vocational programs on campus and at their Farm of the Future. The College is well-suited and willing to work with industry to develop new programs around the needs of industry. In addition to proximity to Interstate 5 and its capabilities for express west coast transportation, Coalinga operates its own municipal airport. This facility is open 24 hours per day, subject to weather conditions, air traffic and runway conditions. The airport runways are capable of servicing single-wheel aircrafts with a gross weight less than 12,500 pounds and dual-wheeled aircraft with a gross weight less than 30,000 pounds. The main runway is 5,000 foot long and the cross-wind runway is 2,471 feet long. There are 16 enclosed hangers, each with an area exceeding 1500 square feet, and a 50-foot by 50-foot Helipad. Coalinga’s great weather allows for many family oriented activities and events to take place including: Wham-O-Bass Hot Air Balloon Festival in November, a Farmer’s Market at Keck Park during the Summer, Horned Toad Derby Days during the Memorial Weekend, and the Shift S3ctor Track Events (high performance cars) in the Spring and Fall.

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City of

Firebaugh

A hard Working

Family Town After experiencing a slowdown in commercial development, Firebaugh is showing signs of coming out of the economic depression of the past several years. As one would expect agricultural related businesses have lead the way TomaTek. The City’s largest business, TomaTek, continues to thrive and grow in Firebaugh. TomaTek is one of the largest tomato processors in the Central Valley and a very important regional business. Another such business is the Seasholtz’s family company, Sweetwood Farm, Inc. doing business as Red Rooster Sales. In 2012, the company processed nearly 45,000 tons for fresh tomatoes, which means they packed and shipped 2,656,000 boxes. In addition, Red Rooster operates a ripening Cold Storage and shipping facility at its Firebaugh site. On an annual basis between packing, shipping sales, tomato production and harvesting the company has nearly a six million dollar payroll and spends one million on local businesses. Signs of commercial/retail growth are also progressing in town. An 8,240 square foot Family Dollar store building has opened along with Auto Zone in 2013. The Family Dollar is expected to provide a needed retail offering in the City and create a sales tax boost. Most exciting for the City and the northwestern region of Fresno County is that West Hills Community College District is making MAJOR INVESTMENTS in the Firebaugh Community College Center and has been finalizing plans for a campus expansion. This excellent education resource for the community is in the planning stages and hopefully will begin construction in 2016. West Hill Community College, North District, Firebaugh Center has spent the past six years renovating their present campus. This includes purchasing new furniture, replacing carpets, building new men’s and women’s restrooms, installing a surveillance camera system and establishing a new video camera system to teach videoconference courses. Included in the Firebaugh Center’s Facility Master Plan is a 40,000 square foot two-story main campus building. Planned for the future are a joint College-Fresno County Library, additional science labs, faculty offices, and a multi-purpose room. It is anticipated that these facilities will be completed within the next five years.

Contact: Kenneth McDonald, City Manager citymanager@ci.firebaugh.ca.us (559) 659-2043 www.ci.firebaugh.ca.us 40

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Land Availability Firebaugh has over 800 acres of available land designated for industrial development and nearly 50 acres available for commercial development

To encourage economic development Firebaugh participates in a number of business tax incentive programs in Fresno County including: • • • •

Foreign Trade Zone Federal Research and Development Tax Credit New Market Tax Credit Recycling Market Development Zone


City of

Fowler

The Blossom Trail City!

What others say: “From City Management through all departments and staff, they understand the concept that time is money”. Jeff Wolpert, Vice President Newmark Grubb/Pearson Commercial

Fowler is a small community located in the San Joaquin Valley approximately 5 miles south of Fresno. Fowler is considered one of Fresno County’s best kept secrets. With its distinct “Americana” atmosphere, friendly citizens, close proximity to Sequoia and Yosemite National Parks, and just a few hours’ drive to San Francisco, the Central Coast, and Los Angeles - it’s a great place to live and work. Fowler is unique - while it offers a small town charm, it is also a progressive community on the move. It is an ideal place for new businesses due to its prime central location, proximity to Southern Pacific railroad, major highways and business routes such as Highway 99, Golden State Boulevard, and Manning Avenue. It also offers plenty of land for business expansion projects and economic development in its large industrial corridor. Fowler is also known for its wellkept neighborhoods, attractive downtown, highly acclaimed school district, and its quality affordable housing.

Why Choose Fowler • • • • • • •

Great place to do business Superb quality of life Close Proximity to Highway 99 Ready to work labor force Local hiring incentives Recycling Market Development Zone Foreign Trade Zone

Contact: David L. Elias, City Manager delias@ci.fowler.ca.us 559-834-3113 ext 101 www.fowlercity.org Fresno County Economic Development Corporation

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City of

Fresno

Service, incentives, and flexibility are the touchstones for business expansion and attraction for the City of Fresno industrial real estate forecast for 2014 and beyond. Newly developed programs and incentives mean Fresno stands ready to help your business achieve success. Business Friendly Fresno streamlines your development The Business Friendly Fresno (BFF) initiative streamlines and enhances customer service for development projects. Launched in January, the BFF targets site plan review and concurrent permit submittal for thirty day turn-around, to get businesses up and running on budget and on time.

The new iDIFER program reduces or eliminates your impact fees In January of this year, the city passed the Industrial Development Impact Fee Elimination/ Reduction (iDIFER) program that allows the City Manager, for qualifying industrial projects, to eliminate or reduce all city-wide impact fees. A typical 155,000sf industrial building can save up to $176,000 in city-wide impact fees.

Enhanced Economic Development Electrical Rate lowers your operating costs – Fresno, in collaboration with PG&E, won final approval from the California Public Utilities Commission for the Enhanced Economic Development Electrical Rate. This program allows qualified new or expanding businesses to qualify for up to a 30% reduction on their industrial energy rates.

Business concierge service walks you through the city process The City of Fresno is committed to your business success. A newly re-constituted Office of Economic Development provides concierge services for business expansion and attraction. The City is ready to work with businesses to provide tailored, targeted and flexible incentives for business expansion and attraction. For expanding or growing your business in California, Fresno’s focus on industrial economic development means the sum total is greater than the parts. Fresno is ready for you!

Committed to your success

For more information, or to talk about your business expansion or location needs in the City of Fresno, please contact our Economic Development Director, Larry Westerlund, at (559) 621-8355 or larry.westerlund@fresno.gov

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Kerman

City of

growing, growing, growing

Contact: Luis Patlan City Manager 559-846-9387 lpatlan@cityofkerman.org

Kerman’s focus is on “service, safety and livability.” This commitment has resulted in a safe community, new businesses and housing development, and major investments in public infrastructure. Come see what Kerman has to offer. Infrastructure

Commercial/Retail Wastewater Treatment Plant Expansion. In 2012, Kerman completed one of the largest capital improvement projects with a $6.7 million upgrade expansion of the City’s wastewater treatment plant. At 2.0 million mgd, the City can accommodate new growth and development well into the future.

Solar Array Project. To offset the higher electricity costs to operate the wastewater treatment plant, the City installed a 500 kilowatt solar array as a way to not only cut costs, but also generate employment, promote sustainability, and shield Kerman ratepayers from volatile increases in utility rates. This state-of-the-art solar project provides 70 percent of its energy needs by generating power at a rate of 940,000 kilowatt hours annually. By going solar, ratepayers now enjoy an approximate 40-percent net reduction in plant-related electricity costs, equal to a savings of more than $1.9 million over twenty years. Industrial Panoche Creek Packing Expansion. Kerman is home to one of the largest almond handlers in the industry, Panoche Creek Packing. The company recently completed an 87,750 sq. ft. building addition on a 3.75 acre site adjacent to their existing operations. The company now occupies over 400,000 sq. ft. under one roof on 21.75 acres in Kerman’s industrial park. Panoche Creek employs 207 people and plans on adding more employees with the latest expansion. Mid Valley Disposal Expansion. Headquartered in Kerman, Mid Valley Disposal is scheduled to begin the first of a three phase expansion this summer of its recycling and transfer station operations. Phase II and III are scheduled to follow in 2016 and 2017. Mid Valley will add a state-of-the-art composting operation, expand the material recovery facility and transfer station, construction and demolition waste processing area, and new anaerobic digester. Mid Valley Disposal has a staff of 163 employees and plans on hiring at least 20 additional employees as part of phase I expansion.

Walmart. The new 160,446 sq. ft. Kerman Walmart store opened in August of 2013. Walmart has hired 300 full and part-time employees with the majority from Kerman and the outlining areas. The site includes three smaller out lots. Taco Bell, the first tenant, opened in December of 2013 and Panda Express is slated to open in early summer 2014. Residential Hacienda Heights. A new 68- unit apartment complex opened in February of 2013. The project was developed on a 5.5 acre in-fill site and consists of 2 and 3 bedroom units. The complex features a community room, computer center, pool, playground and barbecue area. The Mediterranean style architecture features tile roofs, stone veneer, archways, and decorative wrought iron throughout. Single-Family. Kerman’s low crime, good schools, shopping, parks and short commute to Fresno/ Clovis makes it an ideal location for new singlefamily housing construction. Kerman welcomes home builders to come see what opportunities are available for new residential development.

Visit Today Kerman is becoming the center of opportunity in the Fresno County region where families and businesses thrive. Kerman is a progressive and future-oriented community – one that continually encourages business and commercial growth. The City knows that timing and predictability are key ingredients for business success. Kerman has established a reputation as a jurisdiction that is responsive in processing building permits and land use applications in a fast and efficient manner. Kerman has the right attitude for your business. Come visit Kerman and see what we can do to help you grow your business.

Fresno County Economic Development Corporation

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Kingsburg

City of

Incentive Program reaping big rewards

It consists of three prongs:

Kingsburg’s Open For Business incentive program has contributed to several new businesses opening up with over 600 new jobs created.

FASTER PERMITS A streamlined 21 day administrative approval permitting process.

The program was developed based on a survey of area brokers, developers and commercial real estate owners.

NEW INCENTIVES 50% rebate of the City’s real estate property taxes and sales taxes for three years.

LOWER FEES 25% reduction in the City’s Capital Facilities Fees.

There is one more year left to take advantage of these great incentives.

SUCCESSFUL ANNEXATION Kingsburg’s highway commercial and industrial footprint just got much bigger with the annexation of nearly 431 acres along Highway 99 from the current city limits to Mountain View. According to Mayor Chet Reilly, “We are pleased that the long awaited annexation was recorded recently. While much of the land that was included in the newly annexed property is developed, including major companies like Sunmaid, Guardian and Vie-del, the agreements made with the Consolidated Irrigation District and Fresno County Fire as part of this process cleared many of the hurdles that developers once faced. We are committed to land-use policy in the annexed area that will encourage retail and commercial development while preserving the ability for the large industries that are there now to expand their operations and thereby increase job opportunities in the area.”

BUSINESS PLAN COMPETITION The city successfully launched The Launching Pad business plan competition to entice entrepreneurs to start their business in Kingsburg. The winner received $25,000 in goods and services to help make their dream of opening a business a reality. All three finalists plan on opening their doors in 2014. Economic Development Coordinator Jolene Polyack said, “Economic Development committee member Sherman Dix came up with the contest and it was perfect for Kingsburg. We focus on fostering the small start-up businesses and this was a way to get the word out that we really do want those types of businesses here in Kingsburg. Starting a new business can be daunting. If we help navigate would-be owners through the maze of start-up bureaucracy, they can shift their attention to the actual business itself and increase their odds of success. ” The city continues to help entrepreneurs every step of the way as part of their economic development program. Located on Highway 99, Kingsburg is midway between Los Angeles and San Francisco. Nearly 60,000 cars travel this highway each day, making for great visibility and accessibility. Kingsburg has 57 cumulative acres of shovel ready land within the city limits with access and visibility to the highway plus newly annexed acreage, much of which is available for development. The attributes of being upscale, with low crime, low cost of living, and a family oriented culture make Kingsburg a desirable location for any business. Couple location and lifestyle desirability with an excellent incentive program and everyone wins.

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Contact: Alexander J. Henderson, City Manager City of Kingsburg (559) 897-5821 ahenderson@cityofkingsburg-ca.gov


City of

Mendota

If it’s steady, consistent growth you’re after,

the time is now!

Mendota’s City Council continues to move forward with an encompassing economic development strategy that involves planning for new road projects, increased sewer infrastructure, and assorted construction developments that will not only function to provide better services, but increase the curb appeal of its town. In this respect, recent street reconstruction projects have created more attractive looking neighborhoods. The program “Safe Routes to School,” has provided funding to improve curbs, gutters and sidewalks. Additionally, the adoption of community-friendly code enforcement has facilitated the improvement of neighborhood aesthetics thus allowing for a heightened sense of community pride.

While Mendota looks forward to continued growth and prosperity, challenges are still on the horizon. This year, for instance, Mendota’s workforce, and community, will face unprecedented drought conditions that will inevitably cause higher than normal unemployment. To this challenge, Mendota will look for opportunities to increase water conservation awareness and implement new technologies to achieve maximum efficiencies and effectiveness in irrigation techniques and processes. While more than a few factors will eventually determine how Mendota does in 2014, the residents of Mendota will continue to press forward with a strong work ethic and a can do attitude. Unyielding achievement can be borne out of difficult times. The recovery of Mendota’s housing market is one of the consequences that continues, albeit slow, to steadily improve. Because of recent successes, Mendota is confident that 2014 will be a time of steady growth, improvement, and excitement for both its residential and retail real estate markets. Because hard work and patience will continue to advance Mendota’s real estate projects and community pride, the time is now to invest in Mendota!

Contact: Matt Flood, City Clerk (559) 655-3291 ext. 115 matt@cityofmendota.com

Fresno County Economic Development Corporation

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City of

OrangeCove

Honoring our past, embracing

our future, come grow with us!

Available Land: The City of Orange Cove has 14.4 acres of industrial land with infrastructure in place to ease the construction of a new facility and a total of 44 Acres designated for Industrial land, plus commercial land available. Contact: Samuel A. Escobar City Manager Ph. (559) 626-4488 ext. 215 Fax. (559) 626-4653

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The City of Orange Cove is an abundant agricultural community located along the eastern foothills of the Sierra Nevada Mountains. Orange Cove is approximately a 4 hour drive between Los Angeles and San Francisco Bay, the city lies 35 miles southeast of Fresno, eastbound of state route 99. The City of Orange Cove proudly enjoys a yearround harvest of hundreds of acres with a variety of orange and lemon citrus fruits, with major packing operations surrounding the community. The City Council recently approved a diverse committee to collaborate with the Executive Director in the office of Community and Economic Development, at Fresno State University, to create an economic strategic plan. The City’s goal is to continue identifying high-value businesses, prioritize target industries, identify community strengths and develop a guide for industrial attraction. Therefore, the City of Orange Cove with confidence and decisiveness will be able to facilitate new job creations, better opportunities for current and future residents and tax revenue that will continue to provide city services. The City of Orange Cove provides support and networking opportunities to our new and existing business for business growth and retention. The municipal outreach has led to the creation of a streamlined building and planning permitting process. The City of Orange Cove is also dedicated to providing incentives by waiving or deferring certain impact fees for new developments within the City. Welcome to Orange Cove, How may we help you?


City of

Reedley

100 Years and Still Growing Businesses!

The City of Reedley turns 100 this year. Reedley has dusted off the cobwebs and has been busy polishing and preparing the city for the next 100 years. With tens of millions of dollars in new infrastructure construction happening in 2014, Reedley is the place to plant your business and grow.

• • • • • •

Streamlined permitting processes and low building fees Ample water and wastewater capacity Easy access to Freeways 99 and 180 Among the lowest crime rates in Central CA Rail spur lines in industrial areas Full service hospital with ER

• • • • •

Diverse, family-oriented community In the exceptional Kings Canyon Unified District Reedley College Job Training Opportunities Quaint downtown with over 90% occupancy Recreational beaches, historic Reedley Opera House

Contact: Nicole R. Zieba, City Manager (559) 637-4200 ext. 212 nicole.zieba@reedley.ca.gov

Fresno County Economic Development Corporation

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City of

Sanger

In 2013, manufacturing and Industry led the way to an all-time high in Sanger sales tax revenues. With year-over-year increases of 69% in Heavy Industry, 39% in Construction, and 37% in Building Materials, Sanger sales tax revenues now exceed the pre-recession high water mark by a substantial margin. Sales tax revenues were also bolstered by an average 28% increase in new and used automobile sales. Overall sales tax growth is at about twice the rate for the entire region. Mayor Joshua Mitchell is confident that industrial activity will continue to lead the way in 2014, especially now that the City is offering shovelready industrial land for sale in the fully-developed Kings River Technology Park.

“Prime industrial land with easy connectivity to the state’s freeway network is good for business, so we expect to see continued growth in manufacturing, job creation, and sales and property tax revenues from this sector for the foreseeable future. Our Council will also be considering a comprehensive package of financial incentives for new and expanding industrial businesses that will make building in Sanger very attractive”, the Mayor said.

Last year we saw a tremendous bump in commercial development. On the busy Academy Avenue corridor State Foods Supermarket, Sonic Restaurant, Les Schwab Tires, and Family Dollar grocery stores have announced plans to construct new facilities.Construction has already begun on two of the projects and the other two will break ground within a few weeks. Jensen Avenue, the City’s main east/west corridor, saw completion of a commercial strip center and doubling the size of the All Star Food Market, plus an announcement that Carl’s Jr. will build a new restaurant in the existing Sanger Shopping Center at Bethel and Jensen.

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Roaring Back from Recession

Perhaps the most exciting new commercial project for the City is the construction of new medical facilities to serve patients from eastern Fresno County. United Health Centers will construct a new multi-story facility in the downtown business district that will offer comprehensive medical care in the fields of maternity, dentistry, internal medicine, pediatrics and other specialties. The City participated in the assembly of land for this new facility by selling a parcel that was previously part of the Sanger Redevelopment Project Area. Ground break is scheduled for April 2014 with an eight-month construction timeline. Sanger’s new medical center will sit directly across 7th Street from a new 18,000 sq. ft., 53-suite office complex that was completed last summer and is already at 82% occupancy. The medical center will also be complemented by a new private dental practice on P Street directly to the west. Sanger’s next big venture is to bring a new 10-screen movie theater into or near the downtown business district, and negotiations for that project are already underway. Home construction in Sanger is active and growing with five subdivisions currently under construction, as builders step up to provide an attractive selection of home designs and prices to accommodate the demands of buyers who choose to relocate to Sanger. The Sanger Unified School District, regarded as one of the best in the State, is a constant draw for families that want the best education for their growing families. By all accounts and all measures, 2014 will be a banner year, and Sanger is truly Open for Business!

Contact: Dan Spears, Manager Community & Economic Development (559) 876-6300 ext.1520 dspears@ci.sanger.ca.us


City of

SanJoaquin an oasis

Poised for growth

The City of San Joaquin continues its focus on quality of life, safety and future economic opportunities for its residents. The City has finished its $8.1 million dollar waste water treatment plant expansion and recently expanded its security surveillance system. The expansion of the wastewater treatment plant doubled its capacity. With an expanded surveillance system accessible by the Fresno County Sheriff’s Department, the City continues to have the lowest crime rate in Fresno County. Residents and businesses alike enjoy the small town atmosphere and camaraderie found in the oasis – called the City of San Joaquin.

City-wide Growth To further strengthen the City’s character, the General Plan includes community design to address new construction and a regeneration of downtown. Creating open, public spaces that allow for continued growth and further enhancement of the downtown area are all important aspects for economic, community, and individual development. The city of San Joaquin is ready for growth. With the help of its residents, collaboration with neighboring communities, as well as input and support of local businesses, the city will become a key player in the Central Valley.

Emphasis on community Aside from the focus on growth in the business sector, the City completed a study for a rural energy efficient affordable housing model planned for development this year. Improvements to the local landscape continue with green-scape, walking trails and a community garden. The updated General Plans address use of vacant parcels to accommodate additional parks, stores, and housing. All aspects of city governance are geared to maintain the family-oriented community that possesses small town charm – making San Joaquin an oasis for its residents and its businesses alike. Beyond its city borders, the City Council and staff recognize the need to work in unison with nearby communities for mutual benefit. Under the leadership and vision of San Joaquin’s elected officials, professional staff and civic-minded citizens, the community stands ready to grow and prosper.

Contact: Cruz W. Ramos, City Manager (559) 693-4311 ext. 18 cruzramos@sebastiancorp.net

Fresno County Economic Development Corporation

49


Land

City of Selma For Multiple uses available

The City of Selma has a business-friendly atmosphere to develop your project. Whether you are interested in developing a commercial, industrial or residential project, our staff will do what it takes to make your project work. Selma has an inventory of industrial property that can accommodate your project, whether lease, purchase, or built to suit. The properties available are perfect for the company who wants to develop a presence on the West Coast. The City has a proven track record of being business-friendly, and we will work to have your business up and running on your schedule. Incentives are negotiated on an individual client basis. Many parcels have close freeway access.

Golden State Industrial Park Golden State Industrial Park is a 345,000 SF multi-building development catering to manufacturing businesses. The Park is located at 1775 Park Street, and home to Xtreme Manufacturing and several other tenants. The development is located in Foreign Trade Zone #226 (Merced County Regional Foreign Trade Zone), and a Recycling Market Development Zone. Currently, buildings of various sizes are available. The Park is very close to the Second Street interchange and Highway 99, as well as having access to the Golden State Avenue. There is ample power, functional floor plans, outdoor storage and numerous cranes in addition to very economical rent. Contact Ethan Smith, Ron Stoltenberg or William Thomas at Newmark Grubb Pearson Commercial for leasing information 559/447-6256.

Selma Industrial Park II Shovel-ready land is available at Selma Industrial Park II, a development which features build to suit or property for sale. There are 29 industrial parcels zoned for manufacturing. Parcel sizes range from .48 to 5.95 acres. Lot line adjustments can easily be accommodated for larger parcel size. For parcel map and subdivision photos, go to listing.loopnet.com/15301989. Contact Ken Jelladian at 559/277-3355. There are also a number of new commercial projects that will have leasing available soon, as well as existing retail properties. Selma is a regional shopping hub with national retailers already located in the community. The shopping base is 152,817 within a 15 minute drive time. If you are interested in residential real estate development, we have projects in all phases of development.

See the City of Selma website at www.cityofselma.com for more information on demographics and project information. Contact D-B Heusser, City Manager or Roseann Galvan at 559/891-2200 with questions.

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Building 75 (office) - 10,000 SF Building 76 (office) - 6,586 SF Building 77 - 90,624 SF Building 78 - 34,400 SF Building 79 - 38,400 SF Building 81 - 3,036 SF Building 88 - 6,357 SF


NEED

an incentive

TO HIRE?

www.ready2hire.org

READY WORK!

READY HIRE?

LOOK TO US FOR JOB READY EMPLOYEES Think of us as your one-stop source for jobready applicants. Our clients go through a wide array of education and training courses and have access to supportive services designed to help them succeed at their job. If you are Ready to Hire, we have people Ready to Work! • • • • • • •

Recruitment Pre-Screening Testing Labor Subsidies Hiring Credits Retention Services Supportive Services

THE MISSION The DSS Employment Resource Center was created to respond to the needs of enrolled jobseekers and the business community through an integrated workforce development system.

FINANCIAL BENEFITS When you use our employer services, you can: • Reduce advertising costs for new hires • Reduce staff costs/time needed for hiring • Acquire staff support through free “On-the-Job” training for up to 3 months • Acquire monthly labor subsidies for up to 6 months • Have access to job retention services to help reduce turnover

Fresno County Economic Development Corporation

51


The Essential Connection

Business Retention | Business Expansion | Attraction Services

Fresno County Economic Development Corporation 559.476.2500

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2014

www.fresnoedc.com

REal Esate Forecast


High Speed Rail

A momentous period in the history of Fresno is upon us. Soon, the attention of the region, the state and the entire country will be focused on the implementation of the nation’s first High Speed Rail Train. With the advent of this colossal project, Fresno will realize vast employment and revitalization opportunities sorely needed in our region. In partnership with the High Speed Rail (“HSR”) Authority and the City and the County of Fresno, the EDC is undertaking a business support program not before advanced in California mass public transit based projects. The EDC is assisting all impacted business owners, located within the HSR corridor, with empathetic, knowledgeable and effective service. The goals are to ease transition and foster retention, to relocate impacted business owners into similarly situated properties, while assuring their past, current and future needs are identified and cultivated by established EDC programs as well as its partners programs, services and resources.

Fresno’s impacted business owners are either property owners or tenants. Regardless of their professional or legal status, these businesses need retail, industrial, office and other assorted commercial relocation sites throughout Fresno County. Furthermore, whether a relocation property is currently in existence or requires build-to-suit adaptation - commercial, retail and industrial real estate opportunities are abundant. Additionally, out of town design based workers and construction professionals need, and will continue to need, residential living quarters. Whether the desired living quarters are in the form of an apartment, a home or some other type of residential housing unit, the need, and the opportunity is here. Finally, with the implementation of the Downtown Fresno High Speed Rail Train Station, an opportunity for downtown investment through multi-use commercial and residential infrastructure is both a foreseeable and an attainable prospect. The time is now to search out and identify real estate opportunities provided by the High Speed Rail project. This once in a life time project is here; don’t miss the chance to participate in its wave of opportunity.

William E. McComas Director of Business Services wmmccomas@fresnoedc.com 559-476-2515 www.fresnoedc.com

Fresno County Economic Development Corporation

53


BEAR Action Network The BEAR Action Network program is designed to enhance the stability and growth of Fresno County’s existing companies by connecting them with specific resources, information, and services offered through the Network. Our primary objectives are to assist businesses with expansions, survive economic difficulties, and make them more competitive in the wider marketplace. The BEAR Action Network is a local business support network comprised of service providers from various professional agencies, non profits, educational institutions and government programs administered by the EDC Business Expansion and Retention staff. Companies that meet with one of our staff members, participate in an operational analysis and are connected with those programs, services or information that prove to be beneficial based on any identified opportunities or needs of the company during the analysis process. Companies that participate with the Network can expect to receive information about the following services:

Referral Partners Provide: •

Workforce Development, Screening, and Employee Recruitment Services

Financing and Microloan Programs

Customized Training Program Development

Internship Program Information and Referrals

Performance Enhancement/Skill Building/Skill Attainment Training Programs

Building/ Contracting

Strategic/Marketing/Formal Succession Planning

Lucrative Business Tax Incentive Information: HUB Zone, and Foreign Trade Zone subsidized employment opportunities

Utilities – Incentives, Rebates, Special Programs, and Energy Rate Analysis Assistance

Structure Deterioration & Blight Aversion and Improvement of Existing Infrastructure

CPA Services

And more….

We are a collaborative partnership program featuring a world-class business support matrix that has enhanced the stability and growth of existing businesses, resulting in increased job creation, more capital investment and has helped elevate the local tax base by connecting local businesses in Fresno County with public and private business resources. Whether it be directly connecting an employer with hiring incentives, providing FREE business consulting services, or promoting beneficial programs, the ‘BEAR’ department works for our local business community! To schedule your free business assessment, please contact the the BEAR Department at bear@fresnoedc.com or 559-476-2512. Serving the County of Fresno and each of our 15 cities.

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2014

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READY WORK!

READY HIRE?

Victor Bribiesca Director Of Business & Community Development (Int.) vbribiesca@fresnoedc.com 559-476-2512 www.fresnoedc.com


DSS Incentive Life Cycle Employer requests qualified DSS job seeker

DSS provides FREE employee recruitment services

Employer selects qualified jobseeker through Work Ex program – FREE OJT period

Employer hires qualified job seeker through NEO receives monthly labor subsidy

Employer begins capturing applicable hiring credits such as Enterprise Zone

*Employers’ eligibility to utilize incentives such as “New Employment Opportunities” (NEO) Program and Enterprise Zone assessed on a case by case basis. DSS and Economic Development Corporation staff assigned to participating employer will verify eligibility for incentives.

Labor Subsidies and Incentives Many of our jobseekers qualify potential employers for a variety of incentive programs: Work Experience Program (Work Ex)

• Employers receive FREE assistance while candidates receive “On-the-Job” training for up to 3 months. Candidates are not considered employees during this training period.

New Employment Opportunity Program (NEO)

• A monthly wage reimbursement to the employer of up to $1,000 a month for up to 6 months

Work Opportunity Tax Credit (WOTC)

• A federal business income tax credit up to $9600 per qualified employee, depending on the employee category

Enterprise Zone Hiring Credit (EZ)

• A state business income tax credit up to $37,440 per employee taken over a five year period

Other incentives as might apply

WorkEx NEO WOTC* EZ** Employee Recruitment Services

OJT Period Date of Hire Mos. 1-6 Mos. 7-12 Year 2 3 months Free Up to $6,000 Up to $9,600 (Federal)

Year 3

Year 4

Year 5

Up to $37,440 (State) Free

*WOTC and EZ hiring credits are calculated based on unsubsidized wages paid to employee. **Current Enterprise Zone hiring incentive set to expire on December 31, 2013.

Don’t forget to check out our new jobs matching website www.ready2hire.org. This site is designed to connect local employers with the thousands of jobseekers available through DSS. Employers can post vacant job orders and be automatically matched and connected with qualified jobseekers from the DSS pool. Matching is based on common job order/previous work history fields, and the system pre-screens jobseekers for qualifying hiring credits and incentives that can benefit employers. Fresno County Economic Development Corporation

55


Board of Directors CHAIR

Al Solis Sol Development Associates, LLC Vice Chair Walt Plachta CEI Engineering Associates, Inc.

Immediate Past Chair Ed Dunkel Precision Civil Engineering

Secretary / City of Fresno Rep. Bruce Rudd City of Fresno

Treasurer Florence T. Dunn California Health Sciences Univ.

At- Large Director John Brelsford Diversified Development Group

At-Large Director Bobby Fena Colliers International

At-Large Director Tina Sumner City of Clovis

County of Fresno Rep. John Navarrette County of Fresno

DIRECTORS Richard Aaron Dowling Aaron Incorporated

David Elias Five Cities EDA Designee

Kenneth Price Baker Manock & Jensen

Kenny Amendola Valley Wide Beverage Co.

Derek W. Hayashi Granville Homes

Preston Prince Fresno Housing Authority

Brian Angus Fresno County Economic Opportunities Comission

Debbie Hunsaker Alert-O-Lite, Inc.

Paul Quiring Quiring Corp

Thomas Jones Pacific Gas & Electric

Gary D. Quisenberry Central Valley Community Bank

Blake Konczal

John Taylor Community Medical Centers

Andreas Borgeas Fresno County Board of Supervisors Anna Borgeas Greater Fresno Area Chamber of Commerce Steve Brandau City of Fresno Jeffrey A. Collins Kaiser Permanente

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Fresno Workforce Investment Board Kurt Madden Fresno Unified School District Leland Parnagian Fowler Packing Company Luis Patlan Westside Cities Designee

Bob Van Wyk Fresno Metropolitan Flood Control District Robert Wiebe Wiebe Hinton Hambalek, LLP


President/CEO

Vice President, Business & Finance

Director Of Corporate Locations

Director of Business Services

Lee Ann Eager 559.476.2513, leager@fresnoedc.com

Esther Cuevas 559.476.2507, ecuevas@fresnoedc.com

Paul Thorn 559.476.2506, pthorn@fresnoedc.com

William E. McComas 559.476.2515, wmccomas@fresnoedc.com

Executive Staff

EDC Staff

Director Of Business & Community Development (int.) Victor Bribiesca 559.476.2512, vbribiesca@fresnoedc.com

Michael Miguel 559.476.2517, mmiguel@fresnoedc.com

Executive Assistant

Srida Moua 559.476.2501, smoua@fresnoedc.com

Outreach Coordinator

Economic Development Analyst

Economic Development Analyst

Office & Event Assistant

William G. Oliver 559.476.2518, woliver@fresnoedc.com

Jarred Olsen 559.476.2509, jolsen@fresnoedc.com

Veronica Salas 559.476.2503, vsalas@fresnoedc.com

Staff

Outreach Coordinator

Annie Xiong 559.476.2500, axiong@fresnoedc.com

Fresno County Economic Development Corporation

57


Three hospitals, one community.

Clovis Community Medical Center Community Regional Medical Center Fresno Heart & Surgical Hospital

The YOUR BUSINESS REAL ESTATE IS OUR BUSINESS Cushman & Wakefield Pacific is committed to assisting their clients achieve their commercial real estate needs. As a leader in the commercial real estate market, we offer expertise and accurate market information to help in your decision making process, whether it be leasing or sales, acquisition or disposition. As a consultant to our clients, we have successfully negotiated and completed some of the most significant commercial real estate transactions in central California. Our real estate advisors operate as teams, each specializing in specific real estate types, which include office, industrial, retail and multi family. We offer market knowledge and experience second to none. 9 River Park Place East, Ste. 101 • Fresno CA 93720 559 433 3500 MAIN 559 433 3537 FAX www.paccra.com 58

2014

REal Esate Forecast

BIG GUNS call us for

REAL ESTATE 680 West Shaw Avenue, Suite 200 Fresno, California 93704-2450 (559) 490-2500 â– Fax (559) 490-2520 www.fortuneassociates.com


cra_05_14 / fresnoedc ad / quarter page / cmyk

Proud to sponsor the 11th Annual Real Estate Forecast. Central Valley Business Banking Lucia Robeson, Vice President, 559-436-2756 Mari Kroigaard, Vice President, 559-436-2731

unionbank.com

Š2014 Union Bank, N.A. All rights reserved. Member FDIC.

Fresno County Economic Development Corporation

59


Our Investor Community P l atin um $ 1 0 ,0 0 0 + California State University, Fresno

Monster City Themeworks, Inc

Civic Center Square

Pacific Gas & Electric

Community Medical Centers

Valley Wide Beverage Company

Fresno Regional Workforce Investment Board

Wells Fargo

G old $5,0 0 0 + Alert-O-Lite

Fowler Packing Company, Inc.

Greater Fresno Area Chamber of Commerce

Baker, Manock & Jensen, PC

Fresno Association of Realtors

Kaiser Permanente Medical Center

CEI Engineering Associates, Inc

Fresno County Economic Opportunities Commission

Precision Civil Engineering, Inc.

Central California Health Sciences University

Fresno Housing Authority

Rabobank

Central Valley Community Bank

Fresno Metropolitan Flood Control District

Saint Agnes Medical Center

Colliers International

Fresno Unified School District

Sol Development Associates, LLC

Diversified Development Group

Gestamp Solar North America

The Quiring Corporation

Dowling Aaron Incorporated

Granville Homes, Inc

Van-G Trucking, Inc. Wiebe Hinton Hambalek, LLP

Fenceline Media Group, LLC

S ilv e r $2,5 0 0 +

60

AT&T

E&J Gallo Winery

The Penstar Group

Blackburn Consulting

First Solar

San Joaquin Valley College

BNSF Railway Company

Fowler l Helsel l Vogt

Solar Reserve

Borga Steel, Inc

The Grand 1401

State Center Community College District

The Buzz Oates Group of Companies

Kaplan College

True Organic Producers, Inc

California Bank & Trust

Manco Abbott

United States Cold Storage of California

CEMEX

Moore Twining Associates, Inc

Valley Yellow Pages

Cushman & Wakefield l Pacific Commercial Realty Advisors

Newmark Grubb l Pearson Commercial Realty

2014

REal Esate Forecast


Bron ze $ 1 ,5 0 0 + ATAS Insurance Services

Cerda Enterprises, Inc

Mid-Valley Disposal

Baker, Peterson & Franklin CPA, LLP

Children’s Hospital Central California

Premier Valley Bank

BioFiltro USA, Inc.

Digital Attic, LLC

Real Goods Solar

Brown Armstrong Accountancy Corporation

Dumont Printing

Rosa Linda’s Fine Mexican Cuisine

BSK Associates

K-Jewel/KYNO/ESPN

Sebastian

Business Street

Markerting Plus

Wawona Frozen Foods

Co pp e r $ 7 5 0 + Agrian, Inc

Diverse Signs

MBS Accountancy Corporation

Ameriguard Security Services, Inc

Downtown Fresno Partnership

MJ Avila Company, Inc.

AP Alternatives, LLC

Electric Motor Shop

Pacific Valley

Asian Area Real Estate Association of America

Fresno First Bank

Passantino Andersen Communications

BMY Construction Group

Guarantee Real Estate & Home Loans

Philippe Dwelshauvers, A Law Group

Brooks Ransom Associates

Hans, John B., SIOR

Processes Unlimited International

C. Curry Design

H.T. Harvey & Associates

Proteus, Inc.

Cen Cal Business Finance Group

Harris Construction Co., INC.

Provost and Pritchard Engineering Group

Central Valley Community Bank

Heald College

Realty Concepts, LTD.

Central Valley New Market Tax Credit Fund, LLC

High Speed Rail Advisors, LLC

Robert L. Jensen & Associates

Christine Cerda, CDPE, SFR, Epro, CIAS

Imhoff Sunland Insurance

Security First Bank

CookLand Company

Jack’s Butane Service, Inc

Stantac Consulting Services, Inc.

CORE Business Interiors

Johanson Transporation Service

Tri Countries Bank

Derco Foods

Kings Canyon Wood Products, LLC

Union Bank

DiBudio & DeFendis Insurance Group

P u blic In v es to rs AmeriCorps VISTA City of Clovis City of Coalinga City of Firebaugh City of Fowler

City of Fresno City of Kerman City of Kingsburg City of Mendota

City of Orange Cove City of Parlier City of Reedley City of San Joaquin

City of Sanger City of Selma County of Fresno Five Cities EDA

Fresno County Economic Development Corporation

61


Ad Index

2 5 Fresno Housing Authority

3 2 940 AM ESPN Radio 12 California Health Sciences University

8 G3 Development

5 2 Central Valley Community Bank

17 Granville

3 2 Civic Center Square

24 Guarantee Real Estate

16 Colliers International

24 K-Jewel 99.3

5 9 Commercial Retail Associates

6 KYNO 1430 AM

5 8 Community Medical Centers

6 Media Solutions, Inc.

5 8 Cushman & Wakefield|Pacific Commercial Realty Advisors

5 9 Placer Title Company 2 8 -2 9, B ack Precision Civil Engineering

51 Department of Social Services 2 1 DiBuduo & DeFendis Insurance

2 0 Quiring

5 9 Dowling Aaron Incorporated

5 2 The Buzz Oates Group

6 3 Dumont Printing

5 8 The Grand

5 8 Fortune Associates

16 The Pearson Companies

13 Fresno Economic Opportunities Commission

5 9 Union Bank

3 7 Fresno Energy Watch

2 0 Wiebe Hinton Hambalek, LLP

Publication Coordinated by the EDC: Annie Xiong Publication Designed by: Catherine Curry McNally, C. Curry Design Publication Printed by: Dumont Printing The Economic Development Corporation serving Fresno County is not responsible for the content and accuracy of data provided by the various outside contributors to this publication.

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2014

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• O F F S ET PRI NTI NG • DI G I TA L P R I N T I N G • L A R G E F O R MAT P R I N T I N G • S PECI ALTY ADVERTI S I NG • M A I L I N G S E RV I C E S • WA R E H O U S E / F U L F I L L ME N T 1333 G S TREET

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FA X ( 5 5 9 ) 4 8 5 - 6 3 5 7

• •

Fresno County Economic Development Corporation

63


Land Surveying Water Resources Transportation Public Works Planning Landscape Architecture Land Development Permit Processing (GIS) Mapping Construction Management Storm Water (SWPPP) Biological Permitting/Planning Indirect Source Review (ISR) Phase 1 Site Assessments Cultural Resources Air Impact Assessment

THE FAST TRACK BETWEEN VISION AND DESTINATION

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2014

REal Esate Forecast

559.449.4500

11th Annual Real Estate Forecast  

The Fresno County Economic Development Corporation 11th Annual Real Estate Forecast Publication.

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