Showing posts with label Wayne Kress. Show all posts
Showing posts with label Wayne Kress. Show all posts

Tuesday, November 18, 2014

Bako Bits: Bass Pro Shops once again eyeing Bakersfield, construction under way on BevMo! at the Shops at RiverWalk and a good deed for a deserving Vietnam veteran

 * … RETAIL: Had a nice chat with three of the partners at Cushman and Wakefield- Duane
Keathley, Wayne Kress and Jeff Andrew-who appeared as my guest on First Look with Scott Cox on Tuesday. A couple interesting tidbits: construction is well under way for the BevMo! wine and spirits store out at the Shops at Riverwalk, and Keathley says that Bakersfield is once again on the radar for a Bass Pro Shops, likely near the new Hoskings Road interchange off Highway 99.



* …GOOD FORM: Here's a little story that should brighten your day. Jim Atkins, a Vietnam veteran, was at Vons on North Chester last Friday proudly wearing a hat that identified him as a veteran. He was getting ready to purchase $40.40 in "bare essentials" when a stranger approached and insisted on paying. Atkins, who has suffered from a series of health setbacks and is legally blind, was stunned. "I about shook his arm off in gratitude. I've been thinking about this young man and am so thankful," said the Navy veteran, who was too flustered to remember to get the name of the good Samaritan he describes as between 30 and 35 years of age. "I'm on a limited income, so $40.40 will get me through until I get paid."

 * … SAY WHAT? Here is a real head scratcher for you, complisments of Jo Lynn Moralez: "I recently went into Chase Bank on Mount Vernon Avenue to deposit some cash ($120) into a friend's account. Since I do not personally have an account at this bank, I was informed by the teller that it was bank policy they could not accept cash. I was, however, allowed to write a check. Huh?"

 * … NEIGHBORHOOD WATCH: Hats off to the South Oswell Neighborhood Watch, which reached a milestone related to improving the quality of life in that area of town. Said watch founder David Collins: "We recently picked up the 1,000th bag of litter since our organization was founded in 2009. This represents about 20,000 pounds of debris that have been removed from our streets.  SONW board members that make key contributions are president, Don Moran; first vice president, Barry Wallace; second vice president, Herman Lopez; treasurer, Tomeka Powell; director of technology, Chris Keeler and secretary, Velma Flores.

 * … ACHIEVERS: Some more good news for some of our local scholar-athletes who have taken their talents to colleges. Centennial High graduate Molly Pruett and Bakersfield High product Evan Bowman both run cross country for Mount Mercy University in Cedar Rapids, and both qualified this past weekend for the NAIA Cross Country Nationals to be run in Lawrence, Kansas. Thanks to David Coffey for passing this along.

 * … BENEFACTOR: Congrats to Don Barnes who will be recognized tonight (Wednesday) at the Kern Community Foundation's 15-year anniversary celebration for his lifetime achievement of giving that has benefited local charitable causes dear to him. Barnes and his first wife, Audrey, who passed away after 50 years of marriage, generously donated to causes such as Bakersfield Christian High School and the Bakersfield Museum of Art. Don and his current wife Earlene, a friend from church whom he married in 2011, continue to donate regularly from the Donald and Earlene Barnes Charitable Fund to organizations where they see significant impact.








Tuesday, October 20, 2009

Short takes around town: Another financial institution on the ropes and Fred Drew is out at the Kern Community Foundation


  

* ... AND THE DOMINOES BEGIN TO FALL: The news that Kern Schools Federal Credit Union is on the ropes is further evidence of the depth of this recession. The credit union has lost over $54 million since the beginning of last year, a figure that makes the losses at the now shuttered San Joaquin Bank look absolutely paltry. And now we learn the credit union, like the bank, has been put on notice that it must dramatically increase its liquidity or face the consequences. Unlike commercial banks like San Joaquin, which got into trouble on soured development loans, the credit union issues are more consumer based - bad auto loans, delinquent personal loans and the like - and reflect the depths of the recession in Kern County, where our jobless rate is hovering around 14 percent. Another just stunning aspect of all this is the fact that at least one Kern Schools board member, Jim Fillbrandt, told The Californian he was unaware of the demands and written agreement with the National Credit Union Administration until Monday when outgoing CEO Vince Rojas mentioned  it. How and why the board would be left in the dark (if indeed it was) are questions that need to be answered. Looks like Rojas got out just at the right time, handing over the reins to Steve Renock, who previously worked at a credit union in Orange County. Here's hoping Renock is well versed in crisis management, because that's the job he's inherited.




 * .... DREW OUT AT FOUNDATION: I learned today that Fred Drew is out as CEO of the Kern Community Foundation. Drew has only been on the job since January. The press release from the Foundation was short and to the point and offered no explanation. But obviously things didn't work out between Drew and the Foundation Board of Directors. Judi McCarthy, the Foundation board chair, issued a press release saying only that Drew and the Board of Directors reached "mutual agreement" that he would leave effective October 31. In the meantime, retired CEO Noel Daniells "has been engaged by the Board to offer continued guidance and assistance" and McCarthy will serve as acting executive until a new CEO is in place. An appreciation dinner was just held for Noel last month at Stockdale Country Club. Looks like he'll stick around longer to help in the transition.

 * ... INDUSTRIAL REAL ESTATE REBOUND?: We all know about the funk that residential real estate is in, but what about the commercial and industrial side? I follow the blog of Wayne Kress, a principal over at CB Richard Ellis Bakersfield,  and learned that things are indeed slow but may be showing signs of a rebound. (check out his posting here). Kress said we have recovered a bit from the "lowly performance" of the first and second quarters. Some of the numbers and percentages here are staggering. From his blog:

 "Sales volume is down 30% over 2008 and a whopping 91% over 2007.  Average prices have actually increased over each of the last two years (+11% in 2008 and +7% in 2009), but this is a little deceiving, as the average building size has also declined in each of those years (by 43% in 2008 and by another 53% in 2009).  There is generally an inverse relationship between unit pricing and size:  the smaller the building, the higher the unit price.  This holds here."



* ... HOT SHOT WINS THE WORLD: Kudos to Bakersfield's Brian Foley, the college freshman who just won the World Championships in skeet shooting. Brian did it by not missing a single target in the 410 bore competition at the World Skeet Shooting Championships in San Antonio, Texas, and then beating perhaps the world's best shooter,  Todd Bender of Atlanta, in a shootoff. Brian graduated from Ridgeview High and is a freshman at Lindenwood University, a private college of about 13,000 students in St. Charles, Mo. He's the son of Tim and Kim Foley of Bakersfield.

Wednesday, October 14, 2009

Bako Bits: Death by a thousand cuts in a terrible economy, and a tribute to the warriors from the 'Greatest Generation'



* ... GLASS HALF FULL: It takes the heart of an optimist to see blue sky in the midst of this recession, with its daily drumbeat of bad news across virtually all sectors of the economy. Continuing job losses, rising foreclosures and the specter of a double-dip recession are not exactly a recipe for optimism, even if the DOW did rally and settle above 10,000. But that's just me, which is why I admire those folks who always seems to see blue skies in the middle of a thunderstorm. One of those is Wayne Kress, principal at CB Richard Ellis here in Bakersfield, who has started a blog about industrial real estate that is worth a read. (check it out here) Wayne is a graduate of Cal Berkeley, married to longtime residential Realtor Leslie Walters, and one of the more knowledgeable folks when it comes to commercial real estate. Naturally optimistic, he thinks we're cycling out of this doomsday cycle and will emerge just fine. And speaking of optimism, I ran into Shai Gordon, formerly one of the owners of the popular bar and restaurant Cafe Med over off Stockdale Highway, who is also working in the commercial sector. Shai left Cafe Med about four years ago and now works for Western Realty Advisors. After catching up on things he advised me to "be more optimistic." I'll try. Promise.

 * ... LIVING WITH PAY CUTS: I was thinking about the budget difficulties over at Cal State Bakersfield while reading a story in the New York Times about how pay cuts have become so much a part of the economic landscape. The story (read the full report here) follows the emotional roller coaster of an ExpressJet pilot who took a 50 percent pay cut but is thankful to still have work. Many companies  locally, including The Californian, have instituted across-the-board pay cuts to deal with the lingering effects of the recession. And of course we have the county furloughs and other cutbacks that have simply become a way of life. These kinds of moves were unthinkable a few years ago, but then who expected to see an economy like we are dealing with today? An excerpt from The Times story:

 " In recent decades, layoffs were the standard procedure for shrinking labor costs. Reducing the wages of those who remained on the job was considered demoralizing and risky: the best workers would jump to another employer. But now pay cuts, sometimes the result of downgrades in rank or shortened workweeks, are occurring more frequently than at any time since the Great Depression."

 * ... FINDING WAYS TO SAVE: If there's a common theme these days, it's that we are all finding ways to cut back: canceling vacations, putting off major purchases and keeping our cars longer. Every penny counts, and I am amazed at how we are all dealing with it in different ways. I was saddened to hear that Riley Parker, a private investigator and owner of Parker and Associates, dropped his membership in the downtown  Rotary Club as one way to save a few bucks. Riley has taken on some significant investigative projects out of town, and continuing Rotary was simply not practical. In addition, his wife Jane fractured her elbow in a nasty fall and the recovery means Riley had to hire an employee to replace her-an unbudgeted expense that just made things worse. Keep Jane in your thoughts as she recovers from the spill.. On another topic Riley passed on this email that I wanted to share. It speaks for itself:

"Some time ago you folks ran a great little story on a retired Marine aviator named Don 'Slim' Harris. Slim is one of my neighbors and one of the most delightful gentlemen that I have ever known. I knew that his poker group of retired Marines, all having served from WWII through Vietnam, were coming today for a quick game. Most of them retired from the old Marine Air Station El Toro or Camp Pendleton and still live in Orange County. There were 10 of these old timers seated at the table ... their lowest rank at retirement was Lt. Colonel and a couple of them were as high as two-star general.... all part of that 'greatest generation' and I left with a sense that I had just been a part of something so special and honorable that it is difficult for the rest of us to understand."

. * ... BUSINESS EXPO 2009: Don't forget about the 19th annual Bakersfield Business Expo set for Tuesday, October 27, over at the Rabobank Convention Center. Admission is $5 and it runs from 4 p.m. to 8 p.m. This is a Greater Bakersfield Chamber of Commerce sponsored event and always a good place to network and find ways to grow your business. Need tickets? Call the Chamber at 661-327-4421.

Thursday, September 3, 2009

Short takes: From waterfowl hunting to a blog on white tablecoth dining to hopes for a better economy


Some short takes around our community:

* ... MORE MIXED SIGNALS: This is starting to sound like a familiar refrain, but every time we get some good news on the economy it's followed by yet more words of caution. Wayne Kress, the always optimistic partner in the local commercial firm CB Richard Ellis, sent a Twitter feed on a Washington Post story saying that manufacturing and housing - two sectors that have suffered the most in this economy - are now expanding. As the Post said, the development offers "fresh evidence that the economy has begun to grow." That's certainly good news and I join with Wayne in celebrating any bit of good news. But there is plenty of evidence to indicate that any incipient recovery will be a slow one, particularly if it is a jobless recovery. Even the Post story recognized this, quoting an economist as saying "the bad news is that it is still not creating any extra jobs, meaning that the U.S. is heading for yet another jobless recovery." Meanwhile, I had lunch with a local high-end custom home builder and his outlook was bleak, noting that the recent upturn in residential sales have all been on the low end and most of them foreclosures working their way through the system. He pointed me to a recent analyst study out of San Diego (I haven't found it yet) which apparently said it would take until 2016 (seven full years) for our residential market to begin to resemble the way it looked in 2005. Ugh.

* ... SERVING DOVE ON A WHITE TABLE CLOTH: Looks like local Bakersfield High grad Paige Hill is making good use of her masters in writing. The daughter of San Joaquin Bank president Bart Hill and wife Napier, Paige is wrapping up her masters in writing at the University of South Carolina and has started a blog about cooking. (check it out here at www.forkenvy.com) Paige, who got her undergraduate degree from the University of North Carolina, lends her own personality to the blog and brings in her own personal experiences, including her familiarity with hunting and shotguns.



From her blog:
"It’s September first. The opening day of dove season. If you haven’t figured it out yet, I’m not a vegetarian. My father is the resident hunter in our family, as my hunting license has only served to allow my downing clay birds at the skeet range. Some meats mark the seasons, like lamb in the spring and dove in the fall. As much as I impatiently await the days when I get to put on my brown leather boots when September nears, my tongue equally longs for the taste of game bird when the days grow shorter and colder. If you are a fan of duck, you will enjoy dove. If you are a fan of chicken, you will enjoy dove. If you are stuck in a chicken rut, treat your taste buds to something wonderful and unique. It is a bit lighter meat than duck, but more game-y in flavor and tender. Like other birds, dove can be roasted or broiled whole; but, if you want to leave the bones out of the equation (recommended) cut into breast pieces and sauté. You can ask your butcher for this service, too."

* ... PARADISE FOR HUNTING WATERFOWL: Speaking of birds and hunting, ran across an interesting story in the Ducks Unlimited magazine citing the Central Valley as one of the top 15 areas to hunt waterfowl in the country. It's easy to underestimate the popularity of bird hunting locally, and apparently we live in one of the prime locations. (read the full story here) According to the story:

"Acre for acre, the Central Valley of California supports more wintering waterfowl than anywhere else in North America. At peak times, this region hosts 5 to 7 million wintering waterfowl—more than 60 percent of the Pacific Flyway’s ducks and geese. As you would expect, the high ratio of birds to habitat results in some superb waterfowl hunting. This is especially true on private duck clubs in places such as Butte Sink, Suisun Marsh, and the Grasslands. Good public hunting is also available on several intensively managed national wildlife refuges and state wildlife areas in the region, which also support large numbers of wintering waterfowl.

The abundant species: pintails, mallards, wigeon, green-winged teal, Aleutian cackling geese, white-fronted geese, light geese




* ... MORE CHANGES AT CSUB: Yet another person is leaving the fund raising arm at Cal State Bakersfield, the third to leave that I know of (joining Laura Wolfe and Sheri Horn Bunk) That's the word from Athletic Director Rudy Carvajal, who sent an email to supporters updating them on changes. The latest to leave University Advancement will be Christene Kimmel, according to Rudy. In addition, he said Ashley Sodergren is moving to Stockton to work on Relay for Life for the American Cancer Society, and Brian Powell has accepted a development position at James Madison University in Virginia, which is within driving distance of his hometown. Their last working day is September 11.