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Vo l u m e 2 6 N u m b e r 2 February 2014 $2.00

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FMI Releases Q4-2013 Construction Outlook Report FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, released its Q4-2013 Construction Outlook. The forecast predicts 2013 to end with 7 percent growth for the construction industry as a whole. Final statistics for construction-putin-place will be available April 2014. Select market predictions include: • Residential – Forecasts show residential construction ending 2013 with 18 percent growth. Multifamily construction has been particularly strong in the past two years with growth of 48 percent in 2012 and 38 percent in 2013.

Feds Will Not Prosecute Colonies Defendants, Though Fruits of Their Search Fall to DA

Special Sections

By Mark Gutglueck

Green Automotive Company in Riverside Page 3

Federal prosecutors will not pursue a criminal case against any of the defendants involved in the Colonies Lawsuit Settlement Public Corruption Prosecution that is proceeding in state court, according to a motion filed by the U.S. Attorney’s Office in U.S. District Court on Jan. 13. While Assistant U.S. Attorney Joseph Widman said in the motion that the federal government’s investigative and prosecutorial action with regard to defendants Jeff Burum, Jim Erwin, Paul Biane and Mark Kirk has concluded, he intimated that materials both relevant and irrelevant to the case that were seized during an FBI search of Burum’s home and office in September 2011 have been turned over to the district attorney’s office and remain in that agency’s possession despite a court order calling for privileged materials to be destroyed or Jeff Burum returned to the defendants. In February 2010, the California continued on page 10

NAIOP IE’s REXIE Awards Honor Commercial Real Estate Achievements

• Power – After a booming return in 2012, power construction slowed to just 2 percontinued on page 19 MAIL TO: Last month on Jan. 21, more than 280 commercial real estate professionals joined NAIOP Inland Empire for the third annual REXIE Awards held at the Hilton Ontario Airport hotel to celebrate exceptional achievements in industrial leasing, development and land acquisition last year. Awards were given in eight categories to local businesses and professionals for their milestone contributions that are strengthening the Inland Empire’s position as a leader in industrial development and a key international logistics hub in the U.S. Proceeds from the event, totaling $2,500, were donated to the Boys & Girls Club of Fontana. Industrial Developer of the Year – Awarded to Panattoni continued on page 5 Development Company for break-

Hacking & ID Theft: Are You Next? Page 29

Garner Holt Production Page 39

Future Construction Activity in Inland Empire McGraw Hill Construction reported on December contracts awarded for future construction in the metropolitan statistical area of Riverside-San Bernardino-Ontario, consisting of Riverside and San Bernardino in California. -Nonresidential buildings include office, retail, hotels, warehouses, manufacturing, educational, healthcare, religious, government, recreational, and other buildings. -Residential buildings include single family and multifamily housing. -Nonbuilding construction continued on page 19

February 2014  
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