By Joseph W. Brady, CCIM, SIOR
I wish to welcome our current and future subscribers of the 49th edition of the Bradco High Desert Report, the only economic overview of the High Desert region, covering the northern portion of San Bernardino County and the Inland Empire. We more specifically address economic issues affecting the cities of Adelanto, Barstow, Hesperia, Victorville, and the Town of Apple Valley.
As always, we wish to thank our committed article suppliers (over 135) and our newsletter sponsors for their continued commitment to our endeavor, and our attempt to find positive, factual and interesting information as it relates to the High Desert economy.
As I’ve said over the past eight (8) editions, I strongly believe that our global economy, our nation, our state, the Inland Empire, and the High Desert region are currently challenged with a very serious financial crisis, a crisis that we’ve never seen before. As publisher of the Bradco High Desert Report, I still believe the “glass is half full”, as evidenced by our continuing attempt to monitor the High Desert region and make information available to those that have an inherent interest in the High Desert region.
When we published the 45th edition, we made the Bradco High Desert Report available electronically and now nearly 2,000± people receive that and any updates we have relative to commercial, industrial, office activity, increase and decrease in absorption and/or vacancy or any other information that we deem appropriate to notify those that care about the High Desert economy.
If you are not receiving information from our office in an electronic fashion, with up-to-date economic information, you may sign up for free at www.thebradcocompanies.com/register.
Having published 49 editions of the Bradco High Desert Report, we are nearing our 50th edition, which we anticipate to be completed by February 15th, 2012. Most importantly, I’m pleased to make some monumental announcements, as it relates to the Bradco High Desert Report, and The Bradco Companies.
On September 12th, 2011, Ronald J. Barbieri, Ph.D., CPA and Mr. Nicholas DiCosola, formerly employed as founding shareholders of Lee & Associates-Inland Empire North, became founding partners with The Bradco Companies.
On September 21st, 2011, Dr. Barbieri, Mr. DiCosola, and I met our new partners with an organization known as TCN Worldwide at their annual conference in Chicago.
We were proud to become a part of The Bradco Companies/TCN Worldwide. TCN Worldwide, a consortium of independent commercial real estate firms, provides completed, integrated real estate solutions locally and internationally. With approximately $21.6 billion in annual transactions, and over 80,000,000 square feet of space under management, the organization ranks as one of the largest service providers in the industry, and based on the commercial property executive rankings for 2011, this makes The Bradco Companies/TCN Worldwide the largest company of its size within the High Desert region. Formed in 1989, TCN Worldwide is comprised of over 800 commercial real estate professionals, serving more than 200 primary and secondary markets worldwide.
I wish to welcome Ron Barbieri, Ph.D., CPA as Co-Editor of our publication. Ron Barbieri has joined our longtime Editor, Mr. Lowell Draper, a former Professor at Victor Valley Community College and a retired teacher who makes the final adjustments to our publication before they are printed. Dr. Barbieri spent a tremendous amount of time preparing his first article, “The Demand for Industrial Space in the High Desert and Inland Empire has Increased Substantially Over the Last Two Years.” Besides information obtained from our five (5) incorporated cities, we also have information this quarter from Mr. Bob Thompson (Las Vegas) who monitors the High Desert housing market and is an expert in doing so, our friend, Mr. Bill Greulich, Public Relations Director for Victor Valley Community College District, Mr. Brian Parno of Stirling Development LLC and Stirling Airports International, the joint venture developer of the former George Air Force Base, now called Southern California Logistics Airport.
I would be remise if I did not welcome our friends and client, Mr. Larry George, President, Mr. Douglas A. Hanby, Chief Financial Officer of United Furniture Industries, Inc, as well as Robert T. Cottam, III, Vice President of Piedmont Risk Management/United Furniture Industries, Inc of Mississippi and North Carolina, who have recently leased through The Bradco Companies the largest square footage lease transaction ever completed by a broker in the region, a 505,192 square foot LEED Certified Gold Industrial space at Southern California Logistics Airport, that will eventually over the next 36-months create 400 jobs.
I’m honored to have had the privilege to work with such a fine company, and I want to thank Mayor Ryan McEachron and his very capable staff of the City of Victorville, Mr. Keith Metzler, Economic Development Director for the City of Victorville and also the Executive Director for Southern California Logistics Airport, First District Supervisor Mr. Brad Mitzelfelt, Mrs. Sandy Harmsen and Mr. Nick Demartz from the San Bernardino County Workforce Investment Board, and Mr. Robert Lovingood, President of ICR Staffing Services, Inc/DegreedJobs.com, for all the work that they did to help secure this client.
We wish to re-welcome Assemblyman Steve Knight, Mr. Ty Schuiling, the Interim Executive Director for the San Bernardino Association of Governments (SANBAG), the Victor Valley Transit Authority, who is about ready to move into its new facility in Hesperia, Ms. Sheri Davis of the Inland Empire Economic Partnership/Film Commission, Superintendent Dale Marsden of the Victor Valley Elementary School District, the High Desert’s Chair of the San Bernardino County “Alliance for Education” and a very well-known and respected educator, Mr. Tom Shields representing the Barstow Casino Resort, our newest assemblyman responsible for the Town of Apple Valley/Hesperia 59th District Assemblyman Tim Donnelly, Mr. Jonathan Weldy, President of the BIA Baldy View Chapter, Ms. Vici Nagel, PresidentCEO of the High Desert Resource Network, Mr. Darin Cooke and our friends at Caltrans-District 8 and the Victor Valley Community Services Council.
I can’t thank Dr. Alfred Gobar enough for 49 continual articles and to help us advance to our 50th edition, while being challenged with health issues. I recently had dinner with Dr. Gobar and I can assure you that he has not lost his sense of humor, is as enjoyable to have dinner with as anyone I’ve ever met and we convey to him on a continual basis how much our subscribers and readership enjoy reading his articles, his editorials, and his facts. Dr. Gobar, keep up the great job, thanks for your friendship and guidance. We look forward to preparing our 50th edition with you.
Lastly, and most importantly, if you wish to continue to receive a copy of the Bradco High Desert Report, any statistical reports, op-ed articles that we post to our website for free, please register at our website at www.thebradcocompanies.com/register. We help that you have a enjoyable holiday and winter season, and we look forward to producing our 50th edition be February 15th, 2012.