CBC Presents 2018 High Desert Real Estate Symposium
On March 1, 2018 at the Hilton Garden Inn Conference Center in Victorville, Coldwell Banker Commercial (CBC) presented its fifth annual 2018 High Desert Real Estate Symposium. This unparalleled event provides an opportunity for investors, retailers, builders and developers to discuss in-depth market research and industry analysis with the High Desert’s top industry leaders and government officials.
Jason Lamoreaux, President and Broker of CBC welcomed over 250 attendees to the symposium, which featured an overview of both national and local commercial real estate, an economic overview, and updates on the retail and industrial industries. “The symposium focuses on real estate trends, forecasting and the opportunity offered in the High Desert, giving those in attendance insight and a platform to make informed and sound investments and decisions in our market” stated Lamoreaux.
The symposium’s keynote speaker, Fred Schmidt, Chief Operating Officer of Coldwell Banker Commercial Worldwide, opened the regional conference by reviewing current national commercial real estate, employment trends, investment preferences, and retail markets.
Dr. Manfred Keil, Professor of Economics at Claremont McKenna College and the Associate Director of the Lowe Institute of Political Economy presented an economic forecast of the Inland Empire and High Desert region. Dr. Keil has been involved in the analysis and forecasting of economic activity in the Inland Empire for many years.
Economic development representatives from the High Desert’s municipalities and the County of San Bernardino discussed current development and business trends, as well as future development and growth within the Economic Development Roundtable. Moderated by Jason Lamoreaux, the panel of speakers included Orlando Acevedo from the Town of Apple Valley, Jessie Flores from the City of Adelanto, Brad Merrell from the City of Barstow, Rod Yahnke from the City of Hesperia, Sophie Smith from the City of Victorville and Terry Thompson from the County of San Bernardino. The panelists discussed current projects within the High Desert and also what came in 2017.
The “Building the High Desert” panel Presented by BIA Baldy View Chapter then followed with panelists John Ohanian with Terra Verde Group, Dean Paradise with David Evans & Associates, and John Weldy with Meridian Land Development. Moderated by Carlos Rodriguez, Chief Executive Officer of the BIA Baldy View Chapter panel members individually spoke about increased growth of development and building in the High Desert along with future growth trends.
Chris Lamoreaux, President of Coldwell Banker Home Source, gave an in-depth housing market analysis and forecast. Followed was the state of commercial real estate in the High Desert presented by Coldwell Banker Commercial President and Broker Jason Lamoreaux. Lamoreaux presented trends, statistics, and forecasts for commercial real estate sectors including Retail, Office, Industrial, Land and Capital Markets, based on information developed in collaboration with Coldwell Banker Commercial’s team of sales professionals; Nick Di Cosola, Dr. Ronald Barbieri, Bob Basen, Jeffrey Kim, Steven Thompson, Jerrad Schendel and Terry Saenz.
Coldwell Banker Commercial Vice President and Multi-Family specialist, Bob Basen, discussed the healthy growth in the High Desert multi-family market, trends, notable sales and key market segment indicators.
Lamoreaux stated, “Coldwell Banker Commercial prides itself on conducting in-depth market research and industry analysis to provide our clients with the tools they need to make intelligent, informed decisions when investing in commercial real estate, relocating businesses or expanding to the High Desert. The Symposium gave us the platform to share this information, and when presented alongside the hot topics in our respective Cities, County and major businesses, those in attendance were given a strategic advantage for making strategic decisions.”
Greg Burns, Senior Vice President with Investment Property Exchange Services, Inc. discussed recent changes in the law affecting 1031 exchanges. He is an 18 year expert in Delayed, Simultaneous, Reverse, Improvement, Personal Property, and Multiple Asset Exchanges. He has been involved in the analysis and forecasting of economic activity in the Inland Empire for the past decade.
As the top ranked commercial real estate firm by The High Desert Association of REALTORS (HDAOR) for eight years in a row, in addition to being continually acknowledged as a “Power Broker” firm by Costar, the success of the 2018 High Desert Real Estate Symposium has further solidified Coldwell Banker Commercial as the go-to commercial real estate expert for the North Inland Empire, High Desert region.