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The Fresno County Economic Development Corporation 11th Annual Real Estate Forecast Publication.
Citation preview
Fresno County eConomiC Development Corporation 1
the time is
NOW
11th AnnuAlReAl estAte FoRecAst
2014
The Essential Connection
2 20 14 real esate ForeCast
Why EDC Membership Matters
Global Partnerships Local Resources
to my business
The Essential Connection for Economic Development in Fresno County
559-476-2500 • www.fresnoedc.com
CONTACT THE EDC TODAY! to explore how partnering with us can positively affect your business
The Essential Connection
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.
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.
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.
Bobby Fena, SIORSenior Vice President | PrincipalColliers International
Phil SouzaSenior Vice PresidentNewmark Grubb | Pearson Commercial
RecOveRIng from the Recovery
Fresno County eConomiC Development Corporation 3
DataThe EDC provides customized demographic reports for special areas of interest, including information on workforce availability, wage rates, major employers and occupations.
Site SelectionThe Corporate Locations Department provides Fresno County real estate incentive information, and coordinates site tours.
Incentive CalculationWe customize incentive calculation to provide clients with an accurate monetary amount they could receive if their companies take advantage of the programs available.
Workforce TrainingThe 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 & RegulationsThe 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.
FinancingWe 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.
Real Estate InformationFor an up-to-date internet database of available industrial and office properties, including vacant land, visit: www.fresnocountycities.com.
Utility AnalysisWe 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 ServicesThe 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.
SIte SelectIOn SeRvIceS
ESThER CUEVASDirector of Corporate Locationsecuevas@fresnoedc.com559-476-2507 www.fresnoedc.com
4 20 14 real esate ForeCast
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.
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.
lee Ann eagerPresident/CEO
Fresno County EDC
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.
Fresno County eConomiC Development Corporation 5
6 20 14 real esate ForeCast
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!
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.
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.
Al SolisChairman
Fresno County EDC
The Real Estate Forecast
publications serve as
barometers and strategic tools
to help our businesses, cities,
and communities.
Fresno County eConomiC Development Corporation 7
8 20 14 real esate ForeCast
18 Retail10 industRial 14 Office 22 Residential
26 agRicultuRe 28 title spOnsOR:pRecisiOn 33 luis a. BelmOnte30 investments
& multi-family
3 4 cORpORate lOcatiOns
3 8 city Of clOvis
3 9 city Of cOalinga
4 0 city Of fiReBaugh
41 city Of fOwleR
4 2 city Of fResnO
4 3 city Of KeRman
4 4 city Of KingsBuRg
4 5 city Of mendOta
4 6 city Of ORange cOve
47 city Of Reedley
4 8 city Of sangeR
49 city Of san JOaquin
5 0 city Of selma
5 3 high speed Rail
5 4 BeaR actiOn netwORK
5 6 BOaRd Of diRectORs
5 7 edc staff
6 0 edc investORs
tABle OF cOntentS
Fresno County eConomiC Development Corporation 9
nick AudinoSenior 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
5.0%
7.0%
9.0%
11.0%
$0.30
$0.32
$0.34
$0.36
$0.38
$0.40
4Q08 4Q09 4Q10 4Q11 4Q12 4Q13
Asking Rent (Price/SF/mo.) Vacancy (%)
Asking Rent and Vacancy
10 20 14 real esate ForeCast
Absorption
• 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.
200,000 sq ft of new speculative industrial development is planned for 2014
-1,000,000
-600,000
-200,000
200,000
600,000
1,000,000
4Q08 4Q09 4Q10 4Q11 4Q12 4Q13
Net Absorption (SF)
Absorption
Fresno County eConomiC Development Corporation 11
12 20 14 real esate ForeCast
Fresno County eConomiC Development Corporation 13
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
Scott BuchananVice President, Office Properties
Colliers International
$0.00 $20.00 $40.00
2011
2012
2013
Millions
TRANSACTION VALUE -‐ ESCROW
TRANSACTION VALUE -‐ LEASES
14 20 14 real esate ForeCast
Historical Data – vacancy Rates 2003 Through 2013
Submarket vacancy South of Herndon 2011-2013
1 1
7.8 8.4 7.2
8.4
11.8 12.5
14.1 13.19 13.03 13.01 12.97
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Annual Vacancy Rates
0.00% 5.00% 10.00% 15.00% 20.00% 25.00%
Downtown
East Shaw
Airport
West Shaw
2013
2012
2011
Fresno County eConomiC Development Corporation 15
16 20 14 real esate ForeCast
California’s Largest Ag Brokerage Firm
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
THE PEARSON COMPANIES
www.pearsonrealty.com
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 offi ces in Fresno and Bakersfi eld, to our experts around the globe, whatever your commercial real estate needs, Colliers International is here to help cultivate your success.
colliers.com/fresno
SAN JOAQUIN VALLEY CA
DEEP ROOTS
Fresno County eConomiC Development Corporation 17
Homes starting from
$220,950
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.
Tuscan Villas features an intimate
neighborhood park and offers
several floor plans on low-
maintenance home sites.
Located in the award-winning
Sanger Unified School District, this
fast-growing area of Fresno offers
easy freeway access and short
commutes around town and to
several nearby cities.
v i l l a s
gvhomes.com • 559.445.9000 • 888.445.9770 Sunnyside GroveFowler/Chruch
Doug cordsVice President
Commercial Retail Associates
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.
Retail
Source: Cassidy Turley Research (used with permission)
18 20 14 real esate ForeCast
Source: Cassidy Turley Research (used with permission)
Fresno County eConomiC Development Corporation 19
The retail marketplace will change more in the next FIVE years than it has in the past 20.
E-Commerce Impacting Retailer GrowthPlanned Unit Growth by Retail Sector (Next 12 Months)
17,208
42%15,935
3,4371,655 1,052 1,016 712
Restaurant Services Misc
Apparel Dollar home Grocery Drug
20 20 14 real esate ForeCast
Building Relationships for LifeQuiring General LLC - (559) 432-2800 - www.quiring.coml
R e t a i l M e d i c a l
O f f i c e
Te n a n t I m p r o v e m e n t
We help people
make money.
And we help them keep it.
Clients depend on us for solid advice and
innovative strategies to make the most of
their real estate investments. We provide
a wide array of accounting and consulting
services to help you make the right
business choices.
Whether buying or selling property, our
guidance throughout the process includes
bene�ts analysis, tax planning, �nancial
consulting, and negotiations. Call or email us
to receive our free weekly newsletter or visit
us online at whhcpas.com.7090 N. Marks Avenue, Suite 104 | Fresno, California 93711
559 -431-8334
Real Estate | Construction | Agriculture
• Asset Allocation Analysis
• Tax Deferred Exchanges
• Buy/Sell Decisions
• Entity Selection
• Property Tax Consulting
• Common Area Accounting
• Acquisition and Disposition of Real Estate
Kevin HintonRobert Wiebe Frank Hambalek
7090 N. Marks Avenue, Suite 104 | Fresno, California 93711
559.431.8334
Real Estate | Construction | Agriculture
whhcpas.com
Robert Wiebe Kevin Hinton Frank Hambalek
Whether buying or selling property, our guidance throughout the process includes bene� ts analysis, tax planning, � nancial consulting and negotiations.
Call or email us to receive our weekly e-newsletter or visit us online at whhcpas.com
• Buy/Sell Decisions• Asset Allocation Analysis• Tax Deferred Exchanges• Entity Selection• Property Tax Consulting• Common Area Accounting• Acquisition and Disposition of Real Estate
We help people
And we help them
make money.
keep it.
Fresno County eConomiC Development Corporation 21
J. Scott leonard President/CEO
Guarantee Real Estate
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.
Residential
Median Sales Price Homes, PUDs, & Condos, Fresno County
Source: Fresno MLS
$0
$75,000
$150,000
$225,000
$300,000
2010 2011 2012 201320042003 2005 2006 2007 2008 2009
$143
,500
$190
,000
$245
,000 $2
85,0
00
$282
,500
$251
,000
$153
,000
$145
,000
$137
,000
$160
,000 $1
94,5
00
22 20 14 real esate ForeCast
ShortShort
20132012201115.9%
68.3%15.8%
23.8%47.5%
28.7%REO
REOTraditional
Short19.0%
42.1%
38.9%REO
Traditional
Traditional
Total Homes, PUDs, & Condos Sold Fresno County
December Months Supply of Inventory Fresno MLS
Market Share Short Sale, REOs, Traditional Sales Fresno County Residential
Traditional Short REO
Source: Fresno MLS Source: Fresno MLS
Source: Fresno MLS
0
5
10
15
20
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
1.5 1.6
4.0
9.5
17.1
7.1
4.15.1
3.62.9 3.1
Number of Months
0
2,500
5,000
7,500
10,000
2010 2011 2012 201320042003 2005 2006 2007 2008 2009
8,57
1
8,00
9
8,40
7
8,99
7
6,50
2
4,87
5
6,77
8
9,36
3
9,25
2
9,01
3
8,34
9
Fresno County eConomiC Development Corporation 23
24 20 14 real esate ForeCast
Work is Hard
PlaySomething
Easy
KJEWELFMkjwl.com
Fresno County eConomiC Development Corporation 25
The Fresno Housing Authority works to create vibrant communities, build quality affordable housing, and support the success of approximately 50,000 residents through out Fresno who reside in Housing Authority-owned complexes or who receive Housing Choice Vouchers.
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.
Stanley J. Kjar, Jr.Vice President, Agricultural Properties
Pearson Realty
Agriculture
Commodity Prices Remained Stable to StrongALMONDS
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%
Eastern Europe +21%
Middle East/Africa +37%
GRAPES
Wine
• 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
• Milk price has increased above breakeven levels for efficient producers
26 20 14 real esate ForeCast
Water Districts Allocation Percentage(as of March 2014)
Farm Land Values(avg. price with good soil, water, and crop production history)
0
10
20
30
40
50
60
70
80
90
100
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Water Districts Allocation Percentage (2014 allocation as of publication date)
State Fed CVP
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Price Per Acre
Farm Land Values (avg. price with good soil, water, and crop production history)
PISTACHIO
ALMONDS
GRAPES
TREEFRUIT
CROPLAND
Pric
e P
er A
cre
Fresno County eConomiC Development Corporation 27
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.
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.
Conserving Water, Saving Money
28 20 14 real esate ForeCast
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.
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
CULTURAL RESOURCES
CEQA/NEPA DOCUMENTATION
Fresno County eConomiC Development Corporation 29
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.
Robin KaneSenior Vice President
Hendricks-Berkadia
Investments & Multi-Family
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 20 14 real esate ForeCast
0.25%&
2.25%&
4.25%&
6.25%&
8.25%&
10.25%&
0&
20,000&
40,000&
60,000&
80,000&
100,000&
120,000&
140,000&
160,000&
180,000&
200,000&
1995&1996&
1997&1998&
1999&2000&
2001&2002&
2003&2004&
2005&2006&
2007&2008&
2009&2010&
2011&2012&
2013&
Sales& 10yrT& 6mo&CD& Cap&Rate&
ThE BALANCE hAS ShIFTED: MORE DOLLARS ChASING DEALSThe feds concerned, expect tighter underwriting
REFINANCING: OWNERS SEEKING SMARTER PREPAyMENT60 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 DEALFor 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.
State of Commercial Real Estate Lending
Fresno/Madera Sales 1995-2013 (w/ 10y, 6mCD & cap rates*)
Fresno County eConomiC Development Corporation 31
32 20 14 real esate ForeCast
New Home of Fresno State Athletics
If You Can’t Be There, Be Here
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 • Fresno, CA 93721 • 559-485-4700 • www.civiccentersquare.com
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.
luis A. BelmonteKeynote Speaker
Seven Hills Properties
Fresno County eConomiC Development Corporation 33
Fresno County Economic ProfileLocated 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.
cORPORAte lOcAtIOnS
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
San Francisco
Port of Oakland
Sacramento
Los Angeles
Port of Long Beach
San Diego
FRESNO COUNTy
15 Cities 15 Choices
The Essential Connection
34 20 14 real esate ForeCast
cORPORAte lOcAtIOnS
Comparing Cost to Operate a Distribution Warehouse
North Bay CA Metro Area
Los Angeles CA Metro Area
Fresno Ca Metro Area
Non-exempt Labor
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
Source: The Boyd Co.,inc., Location Consultants, Prienceton, NJ.
1/2 Day Delivery
Next Day Delivery
2 Day Delivery
Next Day Delivery
2 Day Delivery
San Francisco
Portland
Seattle
Butte
Boise
Reno
Sacramento
Las Vegas
Los Angeles
San Diego
Tucson
Phoenix Albuquerque
Denver
SaltLake
Cheyenne
Jackson
FReSNO
Ground Shipping
ESThER CUEVASDirector of Corporate Locationsecuevas@fresnoedc.com559-476-2507 www.fresnoedc.com
Fresno Best in CaliforniaA 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.
Fresno County eConomiC Development Corporation 35
cOMMunIty IncentIveS
Development FinancingFederal 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)
Foreign Trade ZoneThe Foreign-Trade Zone (FTZ) Program is used to help encourage value-added 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
hUBZoneThe 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 ZoneThe 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 ServicesCounty 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 workNew 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 servicesCalifornia Employment Development Department (EDD)• Provides job placement, training, and labor market information
ESThER CUEVASDirector of Corporate Locationsecuevas@fresnoedc.com559-476-2507 www.fresnoedc.com
For more information on local incentives, call the EDC
36 20 14 real esate ForeCast
Fresno County eConomiC Development Corporation 37
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.
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.
FresnoenergyWatch.com
Development activity remained extremely active in the City of Clovis during 2013. Building on the previous year’s activity, continued growth created a positive indica-tor 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 Burl-ington, 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 Commu-nity’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 rank-ings 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 combi-nation 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.
CONTINUES APOSITIVE TREND
City of Clovis
Contact: Tina SumnerCommunity & Economic Development Director(559) 324-2082tinas@cityofclovis.com
38 20 14 real esate ForeCast
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.
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.
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
City of Coalinga…
Contact: Rene A. Ramirez, City Manager(559) 935-1533 ext. 111rramirez@coalinga.com
Fresno County eConomiC Development Corporation 39
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.
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
LAND AVAILABILITy
Firebaugh has over 800 acres of available land designated for industrial
development and nearly 50 acres available for commercial development
A HARD WORkING
FAMILY TOWN
City of Firebaugh
Contact: Kenneth McDonald, City Managercitymanager@ci.firebaugh.ca.us(559) 659-2043 www.ci.firebaugh.ca.us
40 20 14 real esate ForeCast
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 well-kept neighborhoods, attractive downtown, highly acclaimed school district, and its quality affordable housing.
the Blossom trail City!
City of 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
Why Choose Fowler
“From City Management through all departments and staff, they understand the concept that time is money”.
Jeff Wolpert, Vice PresidentNewmark Grubb/Pearson Commercial
What others say:
Contact: David L. Elias, City Managerdelias@ci.fowler.ca.us559-834-3113 ext 101www.fowlercity.org
Fresno County eConomiC Development Corporation 41
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
City of Fresno
42 20 14 real esate ForeCast
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
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.
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.
CITY OF Kerman
Infrastructure
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.
Commercial/Retail
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 single-family housing construction. Kerman welcomes home builders to come see what opportunities are available for new residential development.
GROWING, GROWING, GROWING
Contact: Luis PatlanCity Manager559-846-9387lpatlan@cityofkerman.org
Fresno County eConomiC Development Corporation 43
City of Kingsburg
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.
inCentiVe Program reaPing Big rewards
Kingsburg’s Open For Business incentive program has contributed to several new businesses opening up with over 600 new jobs created.
The program was developed based on a survey of area brokers, developers and commercial real estate owners.
IT CONSISTS OF ThREE PRONGS:
FASTER PERMITS A streamlined 21 day administrative approval permitting process.
LOWER FEES 25% reduction in the City’s Capital Facilities Fees.
NEW INCENTIVES 50% rebate of the City’s real estate property taxes and sales taxes for three years. There is one more year left to take advantage of these great incentives.
Contact: Alexander J. Henderson, City ManagerCity of Kingsburg(559) 897-5821ahenderson@cityofkingsburg-ca.gov
44 20 14 real esate ForeCast
inCentiVe Program reaPing Big rewards
City of Mendotaif it’s steady, Consistent growth you’re after,
the time is now!
Contact: Matt Flood, City Clerk(559) 655-3291 ext. 115matt@cityofmendota.com
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!
Fresno County eConomiC Development Corporation 45
honoring our Past, emBraCing our future, Come grow with us!
City of OrangeCov e
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.
Available Land:
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 year-round 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?
Contact: Samuel A. EscobarCity ManagerPh. (559) 626-4488 ext. 215Fax. (559) 626-4653
46 20 14 real esate ForeCast
City of OrangeCov e
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
City of Reedley100 years and still growing Businesses!
Contact: Nicole R. Zieba, City Manager(559) 637-4200 ext. 212nicole.zieba@reedley.ca.gov
Fresno County eConomiC Development Corporation 47
ROARING BACk from reCession
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 shovel-ready 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.
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.1520dspears@ci.sanger.ca.us
City of Sanger
48 20 14 real esate ForeCast
City of SanJoaquinAN OASISPoised 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 GROWThTo 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 COMMUNITyAside 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. 18cruzramos@sebastiancorp.net
Fresno County eConomiC Development Corporation 49
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 IIShovel-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.
LandFOR MULTIPLE
USES AVAILABLE
CITY OF SELMA
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.
Building 75 (office) - 10,000 SFBuilding 76 (office) - 6,586 SFBuilding 77 - 90,624 SFBuilding 78 - 34,400 SFBuilding 79 - 38,400 SFBuilding 81 - 3,036 SFBuilding 88 - 6,357 SF
50 20 14 real esate ForeCast
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.
Think of us as your one-stop source for job-ready 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
LOOK TO US FOR JOB READY EMPLOYEES
READYWORK!
HIRE?READY
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
FINANCIAL BENEFITS
NEED an incentive
TO HIRE?www.ready2hire.org
Fresno County eConomiC Development Corporation 51
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.
Think of us as your one-stop source for job-ready 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
LOOK TO US FOR JOB READY EMPLOYEES
READYWORK!
HIRE?READY
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
FINANCIAL BENEFITS
NEED an incentive
TO HIRE?www.ready2hire.org
52 20 14 real esate ForeCast
559.476.2500 www.fresnoedc.com
Fresno County Economic Development Corporation
Business Retention | Business Expansion | Attraction Services
The Essential Connection
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.
HIgH SPeeD RAIl
WILLIAM E. MCCOMASDirector of Business Serviceswmmccomas@fresnoedc.com559-476-2515www.fresnoedc.com
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.
Fresno County eConomiC Development Corporation 53
Employer requests qualified DSS job seeker
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.
DSS Incentive Life Cycle
DSS provides FREE employee recruitment services
FREEFREEFREEEmployer hires qualified job seeker through NEO - receives monthly labor subsidyreceives monthly labor subsidyreceives monthly labor subsidy
Employer selects qualified jobseeker through Work Ex program – FREE OJT periodFREE OJT periodFREE OJT period
READYWORK!
HIRE?READY
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:• WorkforceDevelopment,Screening,andEmployeeRecruitmentServices
• FinancingandMicroloanPrograms
• CustomizedTrainingProgramDevelopment
• InternshipProgramInformationandReferrals
• PerformanceEnhancement/SkillBuilding/SkillAttainmentTrainingPrograms
• Building/Contracting
• Strategic/Marketing/FormalSuccessionPlanning
• LucrativeBusinessTaxIncentiveInformation:HUBZone,andForeignTradeZonesubsidizedemploymentopportunities
• Utilities–Incentives,Rebates,SpecialPrograms,andEnergyRateAnalysisAssistance
• StructureDeterioration&BlightAversionandImprovementofExistingInfrastructure
• CPAServices
• Andmore….
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.
VICTOR BRIBIESCADIRECTOR OF BUSINESS & COMMUNITy DEVELOPMENT (INT.)vbribiesca@fresnoedc.com559-476-2512 www.fresnoedc.com
54 20 14 real esate ForeCast
Employer requests qualified DSS job seeker
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.
DSS Incentive Life Cycle
DSS provides FREE employee recruitment services
FREEFREEFREEEmployer hires qualified job seeker through NEO - receives monthly labor subsidyreceives monthly labor subsidyreceives monthly labor subsidy
Employer selects qualified jobseeker through Work Ex program – FREE OJT periodFREE OJT periodFREE OJT period
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)• Afederalbusinessincometaxcreditupto$9600perqualifiedemployee,dependingontheemployeecategory
Enterprise Zone Hiring Credit (EZ)• Astatebusinessincometaxcreditupto$37,440peremployeetakenoverafiveyearperiod
Other incentives as might apply
Labor SubSidieS and incentiveS
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.
OJT Period Date of Hire3 months Mos. 1-6 Mos. 7-12 Year 2 Year 3 Year 4 Year 5
WorkEx FreeNEO Up to $6,000
WOTC*
EZ**
Employee Recruitment
ServicesFree
Up to $37,440 (State)
Up to $9,600 (Federal)
*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.
Fresno County eConomiC Development Corporation 55
CHA IRAl Solis
Sol Development Associates, LLC
Richard AaronDowling Aaron Incorporated
Kenny AmendolaValley Wide Beverage Co.
Brian AngusFresno County
Economic Opportunities Comission
Andreas BorgeasFresno County Board of Supervisors
Anna BorgeasGreater Fresno Area Chamber of Commerce
Steve BrandauCity of Fresno
Jeffrey A. CollinsKaiser Permanente
David EliasFive Cities EDA Designee
Derek W. HayashiGranville Homes
Debbie HunsakerAlert-O-Lite, Inc.
Thomas JonesPacific Gas & Electric
Blake KonczalFresno Workforce Investment Board
Kurt MaddenFresno Unified School District
Leland ParnagianFowler Packing Company
Luis PatlanWestside Cities Designee
Kenneth PriceBaker Manock & Jensen
Preston PrinceFresno Housing Authority
Paul QuiringQuiring Corp
Gary D. QuisenberryCentral Valley Community Bank
John TaylorCommunity Medical Centers
Bob Van WykFresno Metropolitan Flood Control District
Robert WiebeWiebe Hinton Hambalek, LLP
D IRECT ORS
Vice ChairWalt Plachta
CEI Engineering Associates, Inc.
At- Large DirectorJohn Brelsford
Diversified Development Group
Immediate Past ChairEd Dunkel
Precision Civil Engineering
At-Large DirectorBobby Fena
Colliers International
Secretary / City of Fresno Rep.Bruce Rudd
City of Fresno
At-Large DirectorTina SumnerCity of Clovis
TreasurerFlorence T. Dunn
California Health Sciences Univ.
County of Fresno Rep. John NavarretteCounty of Fresno
BOARD OF DIRectORS
56 20 14 real esate ForeCast
ExEc
uti
vE S
taff
Staf
f
PRESiDENT/CEOLee Ann eager559.476.2513, leager@fresnoedc.com
ViCE PRESiDENT, BUSiNESS & FiNANCEPaul Thorn559.476.2506, pthorn@fresnoedc.com
OUTREACH COORDiNATORmichael miguel559.476.2517, mmiguel@fresnoedc.com
ExECUTiVE ASSiSTANTSrida moua559.476.2501, smoua@fresnoedc.com
ECONOMiC DEVELOPMENT ANALySTJarred Olsen559.476.2509, jolsen@fresnoedc.com
DiRECTOR OF CORPORATE LOCATiONSesther Cuevas559.476.2507, ecuevas@fresnoedc.com
DiRECTOR OF BUSiNESS & COMMUNiTy DEVELOPMENT (iNT.)Victor Bribiesca559.476.2512, vbribiesca@fresnoedc.com
DiRECTOR OF BUSiNESS SERViCESWilliam e. mcComas559.476.2515, wmccomas@fresnoedc.com
OUTREACH COORDiNATORWilliam g. Oliver559.476.2518, woliver@fresnoedc.com
ECONOMiC DEVELOPMENT ANALySTVeronica Salas559.476.2503, vsalas@fresnoedc.com
OFFiCE & EVENT ASSiSTANTAnnie Xiong559.476.2500, axiong@fresnoedc.com
eDc StAFF
Fresno County eConomiC Development Corporation 57
58 20 14 real esate ForeCast
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 special-izing 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 93720559 433 3500 MAIN 559 433 3537 FAX
www.paccra.com
YOUR BUSINESS REAL ESTATE IS OUR BUSINESS
680 West Shaw Avenue, Suite 200 Fresno, California 93704-2450
(559) 490-2500 ■ Fax (559) 490-2520 www.fortuneassociates.com
The
BIG GUNS call us for
REAL ESTATE
Three hospitals,one community.
Clovis CommunityMedical Center
Community RegionalMedical Center
Fresno Heart &Surgical Hospital
Fresno County eConomiC Development Corporation 59
cra_05_14 / fresnoedc ad / quarter page / cmyk
Central Valley Business BankingLucia Robeson, Vice President, 559-436-2756 Mari Kroigaard, Vice President, 559-436-2731
Proud to sponsor the 11th Annual Real Estate Forecast.
unionbank.com
©2014 Union Bank, N.A. All rights reserved. Member FDIC.
California State University, Fresno
Civic Center Square
Community Medical Centers
Fresno Regional Workforce Investment Board
AT&T
Blackburn Consulting
BNSF Railway Company
Borga Steel, Inc
The Buzz Oates Group of Companies
California Bank & Trust
CEMEX
Cushman & Wakefield l Pacific Commercial Realty Advisors
E&J Gallo Winery
First Solar
Fowler l helsel l Vogt
The Grand 1401
Kaplan College
Manco Abbott
Moore Twining Associates, Inc
Newmark Grubb l Pearson Commercial Realty
Alert-O-Lite
Baker, Manock & Jensen, PC
CEI Engineering Associates, Inc
Central California health Sciences University
Central Valley Community Bank
Colliers International
Diversified Development Group
Dowling Aaron Incorporated
Fenceline Media Group, LLC
Fowler Packing Company, Inc.
Fresno Association of Realtors
Fresno County Economic Opportunities Commission
Fresno housing Authority
Fresno Metropolitan Flood Control District
Fresno Unified School District
Gestamp Solar North America
Granville homes, Inc
Greater Fresno Area Chamber of Commerce
Kaiser Permanente Medical Center
Precision Civil Engineering, Inc.
Rabobank
Saint Agnes Medical Center
Sol Development Associates, LLC
The Quiring Corporation
Van-G Trucking, Inc.
Wiebe hinton hambalek, LLP
SIlveR $2,500 +
Gold $5,000 +
Monster City Themeworks, Inc
Pacific Gas & Electric
Valley Wide Beverage Company
Wells Fargo
The Penstar Group
San Joaquin Valley College
Solar Reserve
State Center Community College District
True Organic Producers, Inc
United States Cold Storage of California
Valley yellow Pages
PlatInum $10,000 +
OuR InveStOR cOMMunIty
60 20 14 real esate ForeCast
ATAS Insurance Services
Baker, Peterson & Franklin CPA, LLP
BioFiltro USA, Inc.
Brown Armstrong Accountancy Corporation
BSK Associates
Business Street
BRonze $1,500 +
CoPPeR $750 +
Agrian, Inc
Ameriguard Security Services, Inc
AP Alternatives, LLC
Asian Area Real Estate Association of America
BMy Construction Group
Brooks Ransom Associates
C. Curry Design
Cen Cal Business Finance Group
Central Valley Community Bank
Central Valley New Market Tax Credit Fund, LLC
Christine Cerda, CDPE, SFR, Epro, CIAS
CookLand Company
CORE Business Interiors
Derco Foods
DiBudio & DeFendis Insurance Group
Cerda Enterprises, Inc
Children’s hospital Central California
Digital Attic, LLC
Dumont Printing
K-Jewel/KyNO/ESPN
Markerting Plus
Mid-Valley Disposal
Premier Valley Bank
Real Goods Solar
Rosa Linda’s Fine Mexican Cuisine
Sebastian
Wawona Frozen Foods
Diverse Signs
Downtown Fresno Partnership
Electric Motor Shop
Fresno First Bank
Guarantee Real Estate & home Loans
hans, John B., SIOR
h.T. harvey & Associates
harris Construction Co., INC.
heald College
high Speed Rail Advisors, LLC
Imhoff Sunland Insurance
Jack’s Butane Service, Inc
Johanson Transporation Service
Kings Canyon Wood Products, LLC
MBS Accountancy Corporation
MJ Avila Company, Inc.
Pacific Valley
Passantino Andersen Communications
Philippe Dwelshauvers, A Law Group
Processes Unlimited International
Proteus, Inc.
Provost and Pritchard Engineering Group
Realty Concepts, LTD.
Robert L. Jensen & Associates
Security First Bank
Stantac Consulting Services, Inc.
Tri Countries Bank
Union Bank
PuBlIC InveStoRS
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
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.
PUBLICATION COORDINATED By ThE EDC: ANNIE XIONG
PUBLICATION DESIGNED By: CATHERINE CURRy MCNALLy, C. CURRy DESIGN
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64 20 14 real esate ForeCast
THE FAST TRACK BETWEEN VISION AND DESTINATION
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
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