The commercial real estate industry has been hit hard by the economic downturn, with little to no investment activity, companies going out of business and tenants staying put until an economic recovery appears in plainer site. Several transactions that have recently taken place in Southern California may signal what could be the start of the commercial real estate recovery.

Colliers has been at the forefront of this turnaround in several recent deals. Among the transactions paving the way for a more optimistic outlook in the industry and for the Southern California market are the sale and lease of 21.6 acres of land in Anaheim and a 645,000 square-foot lease in Mira Loma.

In what could be the largest transaction to take place in Southern California in 2009, Birtcher Development & Investments, in partnership with Cornerstone Real Estate Advisers, LLC, acquired a 21.6-acre site in Anaheim. The firm plans to develop a build-to-suit facility for Northgate Gonzales Markets, a family-owned Latin-American market, which signed a 15-year lease on the property.

Birtcher and Cornerstone were represented by Clyde Stauff, senior vice president in Colliers International’s Irvine office and Senior Vice Presidents Patrick Remolacio and Bret Hardy with Colliers Integrated Real Estate Solutions (IRES) group.

Development is scheduled to commence in the fourth quarter of 2009 for the 375,000 SF warehouse and distribution center. The property will be developed according to LEED standards and will feature Spanish-style architecture.

In Mira Loma, IDS USA, a clothing distributor, recently signed a 5-year lease for a 645,000 SF industrial property at AMB Galleano Distribution Center for its Los Angeles regional operations. According to Michael McCrary, senior vice president in Colliers Ontario office, who represented the landlord, AMB Property Corporation, in the transaction, IDS was operating out of more than one location, which was inefficient for its operations.

“With values in the Inland Empire continuing to drop due to decreased demand, companies such as IDS can capitalize on the market and secure a great piece of real estate for their core operations,” explains McCrary.

Originally published in Colliers Real Estate Insider

Pat Remolacio

Bret Hardy

Clyde Stauff

Michael McCrary

In creating this ranking, the International Association of Outsourcing Professionals (IAOP) recognizes the world’s best outsourcing service providers across all industries, based on applications received and evaluated by an independent panel of judges. Colliers has been included each year since the list’s inception four years ago.

“Each year the competition to be named to the top 100 companies continues to reach higher levels, as the outsourcing industry continues to grow and mature in many markets. This year, the judges evaluated the most diverse set of applicants we’ve ever had, ” said Jagdish Dalal, Managing Director, Thought Leadership, IAOP and chairman of the judges’ panel.

Our competitors had the following rankings: CBRE (8); Jones Lang LaSalle (15); Newmark (52); Grubb & Ellis (62); Cushman & Wakefield (72). The full list may be found in a special advertising section of the May 4 issue of Fortune magazine or at the IAOP’s website: www.outsourcingprofessional.org.

Congratulations to all Colliers professionals around the world for uniting to provide exemplary service for our clients.

Subsequent to receipt and review of the Sealed Bid Offers, the BRAC PMO has elected to reject all offers received and to postpone the planned Public Sale Offering until further notice. All bidder deposits received will be promptly returned, and all registered bidders and other interested parties are encouraged to continue their due diligence investigation and redevelopment planning efforts, in anticipation of a future offering of any or all of the previously advertised three (3) Public Sale parcels.

Please contact the Roosevelt Roads Bidder Support office at (800) 434-5880 or via e-mail at info@Roosey-Roads.com with any questions or requests for support or information.

www.Roosey-Roads.com

Together, Hardy, Kennedy and Remolacio will continue to oversee the dedicated consulting and advisory team, whose skills include public accounting, real estate transaction advisory and capital markets expertise. It is the diversity and depth of this experience, which each IRES professional possesses, that allows our group to assemble highly qualified teams to meet each client’s specific needs. Whether these clients are our global corporate clientele including Honda, Invensys, and Penske, or institutional and public sector agencies including the U.S. Navy, U.S. Army and General Services Administration (GSA), IRES has perfected the business model to provide clients with services custom-tailored to fit their needs. Our process-oriented and consultative approach delivers executable advice that is efficient and results-driven, with a focus on adding value.