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What an honor it was to be invited to participate in a Legislative Summit sponsored by the California Asian Pacific Chamber of Commerce 
at the California State Capitol in Sacramento. It’s 3rd annual event, held on June 20, 2012, was effectively a pro-business lobby day where 5 small groups, each with four business leaders, descended upon the offices of more than 50 California State Senators and members of the State Assembly. The purpose of these meetings was to offer support in terms of pro-business legislation that is are currently circulating in the State Capitol of Sacramento. Click Here to read more.
Vice President and Regional Director, Brian Jacks, recently acquired a new restaurant listing in Sacramento, California, Costa Azul. This 
7,625 SF restaurant’s new listing caught the eye of Sacramento Business Journal writer, Mark Anderson who recently interviewed Brian Jacks about his new listing in Tuesday’s article. Click Here to read the full article.
EAST WEST Commercial Real Estate is pleased to announce its facilitation of a 10-year commercial lease between Cornerstone Christian School (formerly of Roseville, CA) and Liberty Towers Church of the Nazarene, located at 5132 Elkhorn Blvd in the unincorporated area of Sacramento County.
Commencing Fall 2012, Liberty Towers will once again host a pre-school and K-12 educational facility dedicated to teaching children in a Christian environment. It was only three years ago that Liberty Towers shuttered operations for its school, succumbing to the pressures of a failing economy. According to Terry Schneider, recently installed Lead Pastor of Liberty Towers, “it was very sad for our long standing church members to witness the school close after having successfully operated for over three decades.”
Just a few miles east (along Interstate 80) at 143 Clinton Ave in Roseville, Cornerstone Christian School has been operating continuously in a facility owned by The Rock of Roseville for the past 20 years. Headmaster Richard Batista has expressed appreciation to Pastor Francis Anfuso for allowing the school’s use of the Rock’s former church property all these years. But “with current enrollment, there is simply no more room to grow”, lamented Batista. “We are having to turn students away due to lack of space.”
“A new chapter is now being written for both of these great institutions, one that involves a mutual and beneficial co-existence in the Foothill Farms community of North Sacramento”, said Brian Jacks, Regional Vice President of EAST WEST Commercial Real Estate, who facilitated the coming together of both parties. “It’s really a win-win for everybody.” Cornerstone now has full access to an extensive facility with spacious classrooms, multiple playgrounds, renovated auditorium and large gymnasium, while Liberty Towers enjoys a tenant that fulfills one of its core missions to provide a Christian education for the community.
During a recent walk through of the campus, Cornerstone parents were impressed at the magnitude of facilities being made available to their school. Many asked about the vacant land comprising just over 6 acres located immediately adjacent to the church. This property was formerly owned by Liberty Towers and improved with baseball and soccer fields for its once thriving school. In 2005, Liberty Towers sold the land to a multifamily developer for more than $3.5 million at the peak of the market and was able to pay off a significant mortgage for its gymnasium, creating a debt free campus. Following a foreclosure and subsequent legal proceedings, the land recently became available through a court ordered sale. EAST WEST Commercial Real Estate represented Liberty Towers for the successful re-purchase of this land. Escrow closed this week with a purchase price of only $675,000, less than 20% of Liberty Tower’s selling price seven years ago. Guy Spitzer of Cornish & Carey Commercial represented the court receiver.
Liberty Towers once again controls its destiny for the full block bordered by Elkhorn, Andrea and Hillsdale Boulevards and is excited about future ministry opportunities. “Our goal is to welcome the community with open arms onto our campus”, said Schneider, who operates a boys / girls basketball and cheerleading league called Upward, which hosted nearly 350 participants earler this year. “We are currently partnering with various local organizations and sports leagues to propose re-development of the land out back for expansion of our community sports program and hope to add Upward Football this Fall.”
EAST WEST Commercial Real Estate is certainly pleased to partner with Liberty Towers to bring revitalization to this North Sacramento neighborhood. The future is most definitely bright for this community.
About Brian Jacks
Brian Jacks is a Sacramento commercial real estate broker (since 1996) specializing in commercial leasing and investment sale transactions for retail, shopping centers, multifamily, apartments, senior housing, office, industrial, mixed-use, and special purpose properties. Having spent over 20 years with Wells Fargo, he personally facilitated the underwriting, approval and funding of approximately 250 loans totaling over $1 billion in loan proceeds.
Jacks is a Regional Vice President for EAST WEST Commercial Real Estate, a full service commercial real estate brokerage advisor based in Orange County. In addition to serving the Sacramento marketplace, he is also responsible for the company’s current expansion into the San Francisco Bay Area.
For more information, contact Brian Jacks at:
(916) 837-3456 | Brian.Jacks@EastWestCommercial.com
http://www.Sacramento-Commercial-RealEstate.com
http://www.Twitter.com/SacCommercialRE
http://www.Facebook.com/SacCommercialRE
http://www.GPlus.to/SacCommercialRE
http://www.LinkedIn.com/In/Bjacks
Brian Jacks, East West Commercial Real Estate’s Vice President and Regional Director, was recently featured in the Sacramento Business Journal for his expertise in the Sacramento commercial real estate industry. Staff writer, Sandord Nax, of the Sacramento Business Journal stated in his article Friday, June 15th, 2012, “Several Capital-area churches are taking advantage of low interest rates and prices to buy property and provide permanent homes for their active congregations”. Click here to read more.
Brian Jacks, our Vice President and Regional Director at East West Commercial Real Estate, was recently featured in the 
Sacramento Business Journal on Friday, June 15th 2012, where he comments on the multi family real estate industry. Mr. Jacks further explains how apartment complexes are drawing investors from the stock market and other real estate sectors. Click Here for complete article.
East West Commercial Real Estate is proud to announce its facilitation of a new 3-year office / special purpose l
ease for Veritas Church in Roseville, CA, effective July 1, 2012. Veritas has been led by Senior Pastor Erik Meyers for the past four years, since inception in 2008. While Veritas has been blessed with the ability to share space in other non-profit facilities, it has been difficult, but a necessary reality to relocate basically once every year since it all began. Veritas’ most recent facility was subleased from Cornerstone Christian School at 202 Bonita Street in Roseville, CA. At a Veritas Church membership meeting held on the evening of June 3, 2012, a collective sigh of relief was heard as Pastor Erik discussed the new lease opportunity with his congregation… finally, a place of their own.
Commercial Real Estate Broker or Salesperson – Position / Job Opening
Locations: Orange County, Los Angeles, San Diego, Riverside, San Bernardino, Inland Empire, Sacramento, San Francisco, Oakland, San Jose, Walnut Creek, Phoenix, Tucson, Las Vegas, Reno, Denver, Dallas, Houston.
EAST WEST Commercial Real Estate and EAST WEST Capital Advisors is seeking licensed real estate brokers or salespersons for the above markets. This 1099 contractor role offers unlimited upside potential for a uniquely motivated candidate with the drive to create and operate his/her own business. Sales commission split is dependent on experience.
Telephone interviews will be scheduled for the coming week, followed by select in-person interviews. Please submit resume via e-mail with experience, qualifications and career objective.
EAST WEST COMMERCIAL REAL ESTATE – BROKERAGE SERVICES
Represent buyers and sellers for the purchase and sale of commercial real estate investment properties (apartments, retail, office, industrial, manufactured home communities, senior housing, self-storage, mixed-use, special purpose).
Represent tenants and landlords for the lease of commercial space.
Commercial Broker Opinions of Value (BOV’s) / Commercial Broker Price Opinions (BPOs)
1031 exchanges, short sales, investment consultation, financial analysis, market research
EAST WEST CAPITAL ADVISORS — MORTGAGE BANKING SERVICES
Debt placement, private equity, SBA Loans (small business)
JV Structures and Structured Financing, access to capital markets
Valuations: Commercial Broker Price Opinion BPO’s
MINIMUM REQUIREMENTS
Bachelor’s degree (4-year college or equivalent)
Licensed real estate broker or salesperson (active and in good standing)
Thorough understanding of commercial real estate fundamentals
Demonstrated strong sales performance and experience
Excellent communication skills and attention to detail
Proficiency with Microsoft Office programs (specifically Excel) and Internet tools
Ability to manage multiple priorities, demonstrate flexibility, prioritize clients needs and objectives, and meet deadlines without exception
Familiar with the market area
ATTRIBUTES OF A SUCCESSFUL CANDIDATE
The successful candidate will exhibit the following characteristics: honesty, integrity, self-motivation, diligence, tenacity, and entrepreneurial leadership. This candidate will also have proven to be adept at contract negotiations, prospecting, market research, deal making, and transaction management.
ABOUT THE COMPANY
EAST WEST Commercial Real Estate and EAST WEST Capital Advisors is headquartered in Orange County, CA. Founding principal, Michael Duhs, is a seasoned commercial real estate veteran of 27 years who manages the Southern California offices. Brian Jacks, a former commercial real estate banking executive of 20 years, heads up the Northern California operations with an office in Sacramento. Vince Spark spearheads our Arizona, Nevada and New Mexico region, bringing with him extensive brokerage, construction and development experience. Read more:
http://www.eastwestcommercial.com/about/executive-team/
Send your Resume to:
Michael.Duhs@EastWestCommercial.com
VISIT OUR WEBSITES
http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
Remember years ago when homeowners were selling high priced homes in the San Francisco Bay Area and moving in droves to the Sacramento region? Well, get ready for the next way!
A recent Bloomberg article suggests that San Francisco is currently the hottest office market in the country, as indicated by the pending sale of a 10-story office building for $800 per square foot in SOMA (South of Market Area), a submarket where rents are up 22% over the past year. This would be the City’s highest selling price for an office building since the commercial real estate market peaked in 2007.
Follow my logic here… Bay Area jobs are coming back in a big way, led by robust increases in the technology industry. Most of these young workers, in their 20’s and 30’s, are seeking multifamily rental housing. As a result, rental demand for apartments in cities like San Francisco and San Jose is going through the roof with 2012 forecasted vacancy rates of +/- 3%. Not surprisingly, Marcus & Millichap reports that San Jose and San Francisco have taken the # 1 and # 2 spots in the National Apartments Index, behind # 3 New York.
What follows next? Well, multifamily property values are on the rise in the Bay Area with compressing investor yields (cap rates), suggesting investors will soon be looking to nearby markets for better investment returns. Given the Sacramento area was hit so hard with housing foreclosures, many people have been forced to rent apartments, which is driving region-wide multifamily vacancies below 5% in 2012.
The number of new multifamily listings for apartments in the greater Sacramento is most certainly on the rise. Here on the ground, it feels like we may have it bottom late last year in terms of apartments sale price per unit. Demand should increase from here, along with upward pressure on both rents and sale prices.
To give you an idea… an 11 unit REO apartment complex sold in South Sacramento on 6/30/11 for $34,000 per unit to a value add investor at 9.9% cap rate. The property was 91% vacant at the time and in terrible physical condition. Over the next six months, the investor rehabbed units, replaced patio decks, painted the entire property, and leased up the 10 vacant units at market rents.
After a turnaround period of only six months, this property is now back on the market with an asking price of $67,000 per unit (8.1% cap rate). Notice this cap rate is even stronger than a recent sale just two blocks away, which closed on 11/1/11, where East West Commercial Real Estate brokered the sale of a stabilized 14-unit apartment property to a foreign investor at 8.5% cap rate ($62,500 per unit). See video.
All signs are positive that Sacramento has entered a period of slow steady growth with support from nearby Bay Area influences. Now is a great time to consider investing in multifamily housing and apartments for sale while prices are still attractive.
For more information, contact Brian Jacks (916) 837-3456, Vice President and Northern California Regional Director for East West Commercial. Brian specializes in investment sales for multifamily housing and apartments throughout the greater Sacramento area. He is also proud to announce the addition of several new commercial real estate agents in the Bay Area, serving commercial and multifamily investors, landlords and tenants in the cities of San Francisco, Walnut Creek and San Jose.
Social Media Links:
Twitter – http://www.Twitter.com/SacCommercialRE
Google Plus – http://www.GPlus.to/SacCommercialRE
Facebook – http://www.Facebook.com/SacCommercialRE
YouTube – http://www.YouTube.com/SacCommercialRE
LinkedIn – http://www.LinkedIn/In/bjacks
Email – Brian.Jacks@EastWestCommercial.com
East West Commercial – Professional commercial real estate expertise with offices in Sacramento, San Francisco, San Jose, Walnut Creek, Los Angeles, San Diego, Orange County, Riverside, and San Bernardino — commercial real estate, investment property, apartments for sale, office for sale, industrial for sale, retail shopping center for sale, 1031 exchange, commercial real estate REO’s, nationwide commercial BOV’s, nationwide commercial broker price opinion BPO’s, lender services, nationwide commercial BPO’s, asset management.
Visit our websites at:
http://www.EastWestCommercial.com
http://www.CommercialBrokerPriceOpinion.com
http://www.EastWestCaptialAdvisors.com
Sacramento, CA – As one of the hardest hit regions in the country, due the housing meltdown, Sacramento area apartment owners have been welcoming displaced homeowners in droves. Apartment communities have long been the safest commercial real estate investment class, since people always need a place to live no matter how bad the economy…. but consider this next fact for even more emphasis. As of 3Q11, Sacramento metro vacancies were reported at 12.4% (retail), 12.9% (industrial), and 19.8% (office). On the other hand, Sacramento metro apartments were reported at only 5.4% vacancy during the same period… after falling from 7.1% a year prior (3Q10). Plus, due to the compressing vacancy rates, apartment owners have been able to increase rents an average of 2.2% over the past year. With all this positive news, which asset class would you prefer to own right now?
Article contributed by Brian Jacks http://www.linkedin.com/
Data Source: Marcus & Millichap 3Q11 market update http://www.marcusmillichap.com/
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Asset Management / REO Brokerage Services
For more than two decades we have provided extraordinary service to assist our clients in disposing of and purchasing real estate assets in the California marketplace. East West Commercial Real Estate specializes in assisting lenders sell their special assets / ORE across multiple asset classes: apartments, retail, office and industrial.
East West Commercial Real Estate enters northern California with a Sacramento office. The commercial real estate team in Sacramento will be managed by Brian Jacks, a veteran commercial real estate professional with with over 15 years experience. He has been a licensed real estate broker since 1996. Michael Duhs, Managing Director of East West Commercial, recently stated, “As part of our strategic expansion we are thrilled with the addition of our newest office and Brian Jack’s brings a level of expertise and professionalism that is part and parcel to East West Commercial Real Estate.” Brian Jacks, Vice President and Regional Director, will give leadership to our northern California team and expansion. His specialization in apartments for sale, shopping centers for sale, apartment loans and capital will serve the Sacramento commercial real estate marketplace well.
Brian Jacks
Vice President & Regional Director
Contact Information:
Direct (916) 837-3456 | Fax (916) 313-3778
Broker Lic. #01217349
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For professional expertise with offices in Los Angeles, San Diego, Orange County, Riverside, and San Bernardino, Sacramento, San Francisco, Oakland, San Jose — commercial real estate, investment property, apartments for sale, office for sale, industrial for sale, retail shopping center for sale, 1031 exchange, commercial real estate REO’s, nationwide commercial BOV’s, nationwide commercial broker price opinion BPO’s, lender services, nationwide commercial BPO’s or asset management, please contact Michael Duhs, Managing Director of East West Commercial, at Michael.Duhs@EastWestCommercial.com or (949) 939-8352. Visit us at http://www.EastWestCommercial.com.
http://www.commercialbrokerpriceopinion.com/
http://www.commercial-bov.com/
http://www.commercial-bpo.com/
http://www.eastwestcommercial.com/