Smith Equities Closes 356 Unit, Six-Property Portfolio in Pensacola, FL

  ORLANDO, FL  (April 10, 2012) – Smith Equities Real Estate Investment Advisors closed on a 356 unit multifamily portfolio located in Pensacola Florida in less than 3 weeks. The seller, Wellington Arms Properties had foreclosed on the properties in 2009.

Gerald Smith (top right photo) and Geoff Harlan (top left photo), both of Smith Equities Real Estate Investment Advisors, listed and brokered the sale of the 356-unit portfolio. The six property Pensacola portfolio consists of 18-unit to 132-unit properties and was 81% occupied at the time of closing.

The portfolio was purchased in cash for $4.5 million or an average of $12,640 per unit.

“Having the technology to assess the market conditions and provide timely market data to potential buyers is the key to successfully marketing and closing transactions” says Gerald Smith, Senior Investment Advisor for Smith Equities.

“As a boutique brokerage specialized in multifamily investments, the brokerage technology we have developed allows us to immediately distribute detailed information about an investment opportunity to buyers that we know would be interested in a particular type of asset. In this case, based on the seller’s time constraints, we were able to contact suitable buyers, evaluate offers, go to contract and close the transaction within three weeks”, said Smith.

The buyer was Amvestar Capital, LLC and was represented by Clint Hale of Just Multifamily based in Jacksonville, Florida. “We are excited about this purchase and are pleased to be expanding into the Pensacola market. This portfolio fit our criteria, and we hope to find many more like it” says Charlie Beard, Chief Operating Officer & General Counsel for Amvestar.

Apartment   Name    Address    City    State    Built  Qty

Aspen Village,  1460 E. Johnson Ave.,  Pensacola FL,  1983,  40

Crow Road,  270 North Crow Road,  Pensacola FL, 1983, 36

Dogwood Place,  1665 Dogwood Pl,  Pensacola FL,  1974, 96

Guidy Lane,  10163 Guidy Lane,  Pensacola FL, 1985 , 18

Myrtle Grove Villas,  5398 Lillian Hwy,  Pensacola FL,1983,  34

Wellington Arms,  100 Redwood Cir,  Pensacola FL, 1970,  132

Portfolio Total 356

Contact:

Robert E. Smith, CCIM

President/Founder

Smith Equities Real Estate Investment Advisors

Founder MyRentComps.com

350 East Pine St

Orlando, FL 32801

Tel: (407) 422-0704 X 101

Fax: (407) 422-0705

Email: RSmith@SmithEq.com

 rsmith@myrentcomps.com

Websites:

http://www.smitheq.com/ |

http://www.myrentcomps.com/ 

Parkway Completes Sale of 12 Non-Core Assets

ORLANDO, FL  /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced that 12 of the 15 properties included in Parkway's previously announced portfolio sale of non-core assets (the "Non-Core Portfolio") have closed. 

The 12 assets sold include five assets in Richmond, four assets in Memphis, and three assets in Jackson. 

  

The closings occurred in different phases throughout the first quarter of 2012 and generated total net proceeds to Parkway of approximately $88.1 million.  The sold properties total 1.5 million square feet and were a combined 79.5% occupied as of January 1, 2012. 

The three remaining assets that were part of the Non-Core Portfolio sale that have not yet closed are The Pinnacle at Jackson Place (top left photo) ("The Pinnacle"), Parking at Jackson Place (middle right photo), and 111 Capitol Building (middle left photo), all located in Jackson. 

The Pinnacle and Parking at Jackson Place are expected to close during the second quarter of 2012, subject to the buyer's successful assumption of the existing mortgage loan and customary closing conditions.  The contract to sell 111 Capitol Building has expired without a sale. 

Parkway has now completed its exit from Richmond and only has one remaining asset in Memphis, the Morgan Keegan Tower totaling 337,000 square feet located in the Memphis central business district.

Once the sale of The Pinnacle and Parking at Jackson Place is complete, Parkway will have two remaining assets in Jackson - City Centre (lower right photo), a 267,000 square foot office property, and 111 Capitol Building, a 187,000 square foot office property, both located in the Jackson central business district.  Parkway will continue to pursue a sale of these remaining assets in Jackson and Memphis. 

All of the Non-Core Portfolio assets sold to-date were unencumbered with debt at closing, with the exception of River Oaks Place and the UBS Building in Jackson, which were owned in a joint venture in which Parkway had a 20% ownership share.  Parkway's share of the debt in that joint venture was $2.4 million.  The Pinnacle currently serves as collateral for a $29.5 million mortgage loan.

Contact:

James R. Heistand,

President and Chief Executive Officer

Richard G. Hickson IV

Chief Financial Officer

(407) 650-0593

Web Site: http://www.pky.com/

Colliers International Completes 128,372 SF Industrial Lease in Anaheim, CA Valued at $4.5 Million

Anaheim, CA, April 10, 2012 - The Carson Companies of Newport Beach, Calif. has leased a 128,372 square foot class “A” distribution building (top left photo) to A&R Wholesale Distributors who will move from east Anaheim to the new facility on Penhall Way in Anaheim. The six-year lease had a total consideration in excess of $4.5 million.

 A&R Wholesale distributes food and snack products to school districts. The class “A” industrial building included 30 foot minimum ceilings, ESFR sprinkler system, and multiple dock high positions.

The Carson Companies was represented by Clyde Stauff (lower right photo) and Steve Calhoun of Colliers International, and the tenant was represented by Jeff Mitchell, senior vice president of Voit Real Estate Services.

Contact:  Darcie Giacchetto, Spaulding Thompson & Associates, 949.278.6224

Arbor Adds Two New Originators in Philadelphia, PA and Birmingham, AL

  

UNIONDALE, NY (April 10, 2012) - Arbor Commercial Mortgage, LLC (“Arbor”), a leading, direct commercial real estate lender originating on a national basis, has expanded its multifamily loan origination capabilities again with the appointment of two experienced originators in the company’s Philadelphia, PA, and Birmingham, AL, offices.

 Phillip Gause (top right photo) was appointed as Director in Arbor’s Philadelphia, PA, office, while Vincent Langan (middle left photo) was appointed as Director in the company’s Birmingham, AL, office.

Both are responsible for originating loans nationwide using Arbor’s complete multifamily product portfolio with a special focus on Fannie Mae DUS®, Federal Housing Administration (FHA) and bridge loan transactions. They report to Ken Fazio (middle right photo), Senior Vice President, National Production Manager.

 Mr. Gause has eight years of diversified experience in the commercial real estate finance business. Prior to joining Arbor, Mr. Gause was a Client Manager with J.P. Morgan Chase Bank.

While with J.P. Morgan Chase, Mr. Gause was responsible for creating and maintaining long-term sponsor-based commercial real estate lending relationships within the Philadelphia area with a specific focus on multifamily and mixed-use assets.

 Previous to that role, Mr. Gause began his professional career with Washington Mutual Bank, starting as a Loan Consultant before rapidly rising to the level of a Senior Loan Consultant originating financing through Fannie Mae DUS®, CMBS and portfolio product lines across several asset classes within the Northeast region.

Mr. Gause received his Bachelor of Science degree in Business from the University of Minnesota’s Curtis L. Carlson School of Management. He resides in Philadelphia, PA.

 Mr. Langan has a decade of diversified experience in the commercial real estate business. Prior to joining Arbor, Mr. Langan was Assistant Vice President of Beech Street Capital’s loan origination office in Birmingham. At Beech Street Capital, Mr. Langan focused on the origination of debt for multifamily properties, manufactured home communities, self storage facilities and office and retail properties.

Previous to that role, Mr. Langan’s expertise in loan structuring, underwriting, valuation as well as investment and finance analytics was evidenced through his seven years with GMAC Commercial Mortgage, Capmark Finance and Berkadia Commercial Mortgage.

 Mr. Langan received his Master of Arts degree in Economics from the University of Alabama, where he also received his Bachelor of Arts degree in Finance. He resides in Birmingham, AL.

Contact:  Christopher Ostrowski, costrowski@arbor.com

EnTrust Offers Two Office Properties for Sale in Orlando's Central Florida Research Corridor

ORLANDO, FL, April 10, 3011 -- EnTrust Realty Advisors is pleased to offer investors the opportunity to acquire two adjacent office properties totaling 105,457 SF with investment grade tenancy (State Farm Insurance & Siemens Corporation) within Orlando's Central Florida Research Corridor.

Investment Highlights

• 55,215 SF, 100% leased to Siemens (S&P rated A+) through June 2018
• 50,242 SF, 80% leased to State Farm (S&P rated AA) through April 2016
• Concourse at Quadrangle (top left photo), a 472-acre office park and adjacent to University of Central Florida and the 1,027-acre Central Florida Research Park, the U.S's 7th largest R&D park

For more information,  please contact:

James I. Clark III

(630) 693-1254

JClark@EnTrustRealty.Net

Scott D. Latter

(630) 693-1212

SLatter@EnTrustRealty.Net

http://www.entrustrealty.net/  | An Affiliate of TheAlterGroup

NAI Realvest Negotiates Renewal Lease at Springview CommerCenter in DeBary, FL

Maitland, FL. – NAI Realvest recently negotiated a lease renewal for 8,463 square feet of industrial space at 290 Springview Commerce Drive, Suite 2 in Springview CommerCenter (top left photo) in DeBary, FL.

 Michael Heidrich, a principal of the firm, brokered the transaction representing the landlord Springview CommerceCenter LLC of Maitland and the tenant, Jack White Apparel, Inc.

 Springview CommerCenter is located in the Springview Industrial Park off Shell Road.

For more information, please contact:

Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheicrich@realvest.com

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com

Beth Payan or Larry Vershel, LV Communications, 407-644-4142 Lvershelco@aol.com

$13.6 Million Medical Office Building Trades in Jacksonville, FL

JACKSONVILLE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Emerson Medical Plaza Building 2 (top left photo), a 34,000-square foot medical office building in Jacksonville.

 The sales price of $13,260,000 equates to $390 per rentable square foot.

 John Smelter Middle right photo), a first vice president investments and senior director of the Healthcare Real Estate Group in the San Diego office of Marcus & Millichap, represented the seller, Emerson MOB I LLC. Emerson MOB II LLC is a partnership between ABR Chesapeake III, a value-added real estate investment fund sponsored by Baltimore- based Alex Brown Realty Inc. and Health America Realty Group LLC.

Kirk Felici (lower left photo) a vice president in Marcus & Millichap’s Miami office, also provided representation. The property was acquired by HSRE – Emerson LLC.

 “Emerson Medical Plaza Building 2 is the newest building located at the Emerson Medical Plaza,” says Smelter. “Emerson Medical Plaza is an outpatient satellite campus that includes an ambulatory surgery center and one other medical office building. Emerson Medical Plaza Building 2 is 100 percent leased to Shands Jacksonville Medical Center, which is affiliated with the University of Florida,” adds Smelter. 

Emerson Medical Plaza Building 2 was built in 2009 on 4.41 acres. There are more than 10 years remaining on the lease. The first floor was designed and constructed for imaging services including, MRI, CT, ultrasound and fluoroscopy.

The second floor specializes in women’s health and offers an Advanced Breast Imaging Center as well as bone density, high-risk obstetrics, gynecologic cancer care, menopause care, urogynecology and gynecological ultrasound services. The third floor has been designated for cardiology and neurology services and the architectural planning process will begin in 2012.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

CRE Show: Owner-Occupied Real Estate Is Growing in Appeal

 ATLANTA, GA (April 9, 2012) – In a market featuring rock-bottom building prices and record-low interest rates, now is an ideal time for businesses to consider purchasing instead of leasing their real estate.

 That was the consensus of the panelists on the most recent episode of the “Commercial Real Estate Show,” which provided an in-depth look at the factors making owner-occupied real estate a more attractive option for businesses.

Show host Michael Bull, the president and founder of Bull Realty, said the possibility of rent spikes is one reason to consider buying. “These prices are so low, it’s incredible,” he said. “With the lack of new construction [in recent years], I think we’re going to see some huge rents in about five years.”

 Banks also are enthusiastic about owner-occupied real estate, noted Brant Standridge, a state president for BB&T. “It’s very, very attractive for banks,” he said. “Financing is readily available, and banks are requiring less and less equity.”

Firms that own their own buildings have a valuable tool for acquiring the funds needed to grow their operations,  panelists observed.

 “Businesses that are looking to expand, particularly small businesses, often use their real estate,” said Brent Baker, a managing partner with CIB Partners LLC. “It’s an attractive way to get long-term financing and to accomplish some things: expansion of marketing programs, adding equipment, any number of things they may want to do.”

 Companies also can dramatically increase their wealth by buying a distressed building, occupying it and then later doing a sale-leaseback. “The sale-leaseback market and the single-tenant net lease market are as hot as firecrackers,” Bull said. “The value and the demand for these fully occupied properties are just huge.”

 Possible changes in accounting rules provide yet another reason for firms to consider buying real estate. The Financial Accounting Standards Board has proposed changes that would classify leases as liabilities on balance sheets.

“What happens when your liabilities go up but your equity doesn’t change?” said Jeff Olson (top left photo), a partner with Babush, Neiman, Kornman & Johnson. “Your leverage ratios go off the charts.”

 Implementation of the changes could spur some businesses to buy instead of lease their buildings. “They’ll say, ‘I’ll put the debt on my books but I’ll get the asset, and I’ll have an investment,’” Olson added. He predicted that, if passed, the new rules wouldn’t be implemented until 2014 at the earliest.

 Daniel Latshaw (middle right photo), a partner with Bull Realty, said markets such as Atlanta, Phoenix and Las Vegas couldoffer particularly good opportunities for purchasing buildings. “But don’t generalize,” he cautioned listeners. “Look closely at your market or submarket.”

 The next “Commercial Real Estate Show” will be available April 12 and will provide an update on the U.S. office market.

Contact:

Stephen Ursery

Wilbert News Strategies

E-mail: sursery@wnspr.com

Office: (404) 965-5026

Cell: (404) 405-2354

www.wnspr.com

Berger Commercial Realty Corp. Announces Two Exclusive Listings in Lauderdale Lakes, FL

FORT LAUDERDALE, FL– (April 9, 2012) Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, has been awarded two exclusive lease listings, announced Vice President Joseph Byrnes (top right photo)

 Byrnes is representing Lauderdale Marketplace in the lease of 265,000-square-feet of available retail space located on the southeast corner of Oakland Park Boulevard and N. State Road 7 in Lauderdale Lakes.

 Additionally, Byrnes is representing Headway Office Park in the lease of 54,912-square-feet of available office space located at 4700-4740 North State Road 7 in Lauderdale Lakes.

 Byrnes currently represents more than 800,000 square feet of office, industrial and retail space. He is a retail real estate specialist in the capacity of landlord and tenant representation.

Contact: 

Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

Marcus & Millichap Sells Bentley Bay Retail Condominiums in Miami Beach, FL for $3.185 Million

  

MIAMI BEACH, FL, April 9, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Bentley Bay Retail Condominiums (top left photo), three vacant retail spaces totaling 8,971 rentable square feet on Miami Beach’s South Beach, according to Kirk A. Felici (middle right photo), Vice President/Regional Manager of the firm’s Miami office.

 The asset commanded a sales price of $3,185,000 or $399 per square foot.

Associate Vice President Investments Kirk Olson (lower left photo) and Senior Associate Drew Kristol in the firm’s Miami office had the exclusive listing to market the REO/lender-owned property on behalf of the seller, a Sunrise, Fla based bank.  The buyer, a private investor from Miami, was also secured and represented by the listing agents.

“This listing was a great opportunity for an investor looking to build-out and rent the three retail spaces for cash-flow.  The Buyer, an experience local investor, was specifically attracted to the waterfront location and potential marina rights,” says Kristol.

Bentley Bay Retail Condominiums are located at 520 West Avenue overlooking Biscayne Bay on Miami Beach.  The retail condominiums were built in 2004 and are situated ideally with visibility from the I-395 Bridge. Included in the offering is almost 7,000 square feet of outdoor waterfront patio space and the rights to 70 valet spaces at the Bentley Bay.

Press Contact:  Ashley Steele, (954) 245-3400

Westin Hotels Debuts in China's Fast Growing City of Xian

Shaanxi province ,CHINA (April 10, 2012)—Starwood Hotels & Resorts Worldwide, Inc. is pleased to announce the opening of The Westin Xian (top left photo), marking the entry of the Westin brand into the Shaanxi province of China and one of the four major ancient civilizations in the world, along with Athens, Cairo and Rome.

  A haven for rest and relaxation, The Westin Xian is located just steps away from the ancient city’s myriad cultural attractions, restaurants, and shops.

The Westin Xian is the first Westin in the world and the first hotel in Xian to have its own museum, paying tribute to the ancient history of China with its exceptional collection of over 2,000 artifacts.

 As the city’s premier international five star hotel, The Westin Xian offers refined Chinese hospitality in a storied location, allowing guests to enjoy a refreshing and renewing travel experience.

For a complete copy of the company’s news release, please contact:

Hwee Peng Yeo

Director of Asian Markets

Glodow Nead Communications

Level 21, Centennial Tower

3 Temasek Avenue

Singapore 039190

Glodow Nead Communications • San Francisco • New York • Singapore

O: 65.9768.6087 or 1.415.394.6500 •

E hweepeng@glodownead.com•

FB: GlodowNead

Marcus & Millichap Names Bill Jordan Sales Manager of Fort Worth, TX Office

 FORT WORTH, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Bill Jordan (top right photo) sales manager of its Fort Worth office, according to David Luther (middle left photo), regional manager of the office.

“Bill has extensive commercial real estate experience as an investment specialist and as a manager,” says Luther. “He will be an asset to our brokerage team, and instrumental in expanding our national market-making capabilities to clients in Fort Worth and throughout the north Texas region.”

 Prior to joining Marcus & Millichap Jordan owned and operated a full-service commercial real estate company in Tarrant County, Texas. He graduated from the University of Texas of the Permian Basin with a bachelor’s degree in business administration and a focus on marketing. Jordan also has an M.B.A. from Dallas Baptist University.     

  

Stanford W. Jones Named One of Marcus & Millichap’s Top Investment Specialists Nationwide

CALABASAS, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced its top investment specialists for 2011.

Stanford W. Jones (middle right photo), an executive vice president investments of Institutional Property Advisors (IPA), a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has ranked as one of the firm’s Top 10 agents out of more than 1,000 investment specialists nationwide.

“We are proud of Stan’s achievements, and happy to recognize him as one of the firm’s Top 10 agents nationwide,” says John Kerin. “His outstanding accomplishments in the multifamily sector and as an institutional property advisor are a testament to his superior transaction expertise and unwavering commitment to client service.”

Jones joined Marcus & Millichap in March 1980 and was promoted to executive vice president investments in January 2008. He has been a Marcus & Millichap Top Agent 19 times and the Top Agent in the firm four times. In 2011, Jones brokered transactions valued at more than $746 million.

Significant closings for Jones last year include the 438-unit Millennium Warner Center (lower left photo) in Woodland Hills, Calif., which sold for $132,850,000; Legacy Fountain Plaza (lower right photo) in San Jose, Calif., a 367-unit multifamily property that sold for $91.2 million and the $76.5 million, 612-unit apartment complex Slate Creek at Johnson Ranch located in Roseville, Calif.

Contact:  Stacey Corso, Public Relations Manager, (925) 953-1716

EagleBridge Capital Arranges Mortgage For Brighton Apartments in Boston Metro Market

  

Boston, MA, April 9, 2012 --  EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $940,000 for 183 Strathmore Road (top centered  photo) situated in the Brighton section of Boston, Massachusetts on the Brookline line. 

The mortgage financing was arranged by EagleBridge principals Brian D. Sheehan (middle right photo) and Ted M. Sidel (lower left photo) who stated that the loan was provided by a leading Massachusetts financial institution.

Mr. Sheehan and Mr. Sidel stated, “We are pleased to have been able to respond to our client’s needs within a rapid time frame by arranging 80% long term fixed rate mortgage financing with a thirty year amortization and an initial rate under 4%.”

183 Strathmore Road is a recently renovated three story brick apartment building located within the vibrant Cleveland Circle area of Brighton. Each floor contains a 1750 square foot apartment.  Each apartment has four bedrooms and two baths. Stores, restaurants, transportation, and schools are within easy walking distance.

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for industrial, office, and r & d buildings,  shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.

Contact:

Ted Sidel

(617) 292-7177

Ext. 10

Fax: 617.292.7575

www.eaglebridgecapital.com

33 Broad St.,

Boston, MA 02109

Foreclosure Action Filed Against Proposed Condo Tower Site In Miami

MIAMI, FL -- As the South Florida condo market shows signs of a rebirth, one of the first post-crash projects to be revived from the last boom - the proposed 369-unit Sky Palace at Mary Brickell Village tower (top left rendering) in the Brickell Avenue Area of Greater Downtown Miami - is faced with a potential setback.

A foreclosure lawsuit has been filed by the lender of record - MBV Investment Holdings LLC with authorized representative James W. Shindell - against the proposed project's developer - Skypalace Development LLC with Evangeline Gouletas (middle right photo) as managing member - seeking repayment of a $7.4 million mortgage provided in April 2011, according to the South Florida Business Journal and Florida Secretary of State records. 

The foreclosure action also names a second lender - LNR-LYND MBV LLC with a Southern California mailing address of LNR Property's Commercial Property Group - that provided a $1.5 million loan just weeks earlier in February 2012 to Skypalace Development LLC, according to the South Florida Business Journal and Miami-Dade County records.

It is unclear what impact if any the foreclosure action will have the proposed 35-story tower that is slated to stand atop the Publix Super Market at the Shops At Mary Brickell Village (lower left photo) open-air retail center on Southwest 1st Avenue in the Brickell Avenue Area, industry watchers said. 

For a complete copy of the company’s news release, please contact:

Condo Vultures® LLC, ia real estate consultancy and marketing company based at 1005 Kane Concourse, Suite 205, Bal Harbour, Florida, 33154.

PH: 800-750-0517.

Colliers International Completes Purchase of 39,995 SF Industrial Building in Chatsworth, CA

 Chatsworth, CA– Colliers International, the third largest global real estate services organization, has completed the purchase of a 39,995 square foot industrial property located at 21900-21910 Plummer Street (top left photo)in Chatsworth.  The transaction is valued at approximately $3.8 million.

John DeGrinis (middle right photo), Senior Executive Vice President, Patrick DuRoss (middle left photo), Associate Vice President, and Jeff Abraham (lower right photo), Senior Associate all based in Colliers International’s Encino office represented the buyer, Earthly Body, Inc.

 The seller, David Shoshan, was represented by Brock Burnett (lower left photo) and Jeff Gould (bottom right photo), also of Colliers International’s Encino office, along with DeGrinis, DuRoss and Abraham.

Earthly Body will be growing its business from three units totaling approximately 18,000 square feet into the single building. 

“Since the company started in 1994, business has grown each year and has almost doubled every year since 2007, an incredible feat considering the state of the market the past five years,” explained Abraham. 

“We have assisted Earthly Body with its growth over the past four years by structuring short term leases on smaller spaces, waiting for the perfect time to acquire a facility that will accommodate its growth plan for years to come.”

“SBA financing allowed our client to obtain advantageous loan terms including 90% loan-to-value,” added DuRoss.  “Low, fixed interest rates and high loan-to-value SBA financing are driving owner-user purchases in today’s market.”

The high-image, free standing industrial building was constructed in 1984 and offers state-of-the-art building features including 22-foot minimum clearance, 600 amps of power and high image office space. 

 It will be used for manufacturing and distribution of natural body and skin care products.

Contact: Darcie Giacchetto, Spaulding Thompson & Associates, 949.278.6224