Amir Sotork

Amir Sotork serves as a Property Manager for SVN Vanguard in Los Angeles. Amir has a Bachelor’s Degree in Accounting from Cal State University, Northridge and received his Real Estate Salesperson license in 2010.

Specialties

Sale Specialties
Multifamily/Apartment
Property Management

 

Lease Specialties
Medical Office
Office
Retail
Tenant Representation

 

Product Council
Multifamily
Property Management

Anthony Ying serves as SVN Vanguard’s Regional Sales Director. As an advisor, Anthony specializes in the sales of multifamily, office and retail properties. He is also engaged in the leasing of retail spaces and has accounts with several of the nation’s largest property owners.

Tony was born and raised in Huntington Beach. He graduated from Marina High School in 1987 and attended University of California at Santa Barbara. In 1991, Anthony graduated with a BA in Business/Economics. He currently resides in Huntington Beach.

In addition to his professional accomplishments, Anthony is also a certified PADI Divemaster, skydiver (participant in a record holding 300 person skydiving formation), surfer, extreme skier and adrenaline seeker.

Experience:
25 years of experience in the mortgage and real estate industry.
Former regional V.P. of Marketing for a National Advertising company
Servicing manager handling all national accounts for a national mortgage company
Managed $100M+ portfolios to sell on the secondary market.
Partner in a local residential mortgage company with sales in excess of $50M.

Specialties

Sale Specialties

Lease Specialties

Product Council

Denise Hance joined SVN | Vanguard as Operations Director in March of 2018. Denise possesses extensive expertise in Operations Management and holds a PHR Certification in Human Resources. Denise is a Southern California native began her career more than 25 years ago in the field of Human Resources and later expanded into Operations Management in the Construction and Real Estate.

Before joining SVN | Vanguard, Denise served as Operations Director at Main + Main, Inc., where she played a key role on the firm’s executive team. Denise was responsible for overseeing all operations including production, finance, marketing and process development.

Cameron Irons has over 25 years of experience in commercial real estate Sales, Leasing, Acquisition, Development and Construction. Today, Cameron is Managing Director at SVN Vanguard and serves as an Orange County Planning Commissioner. He attended Sunny Hills High School in Fullerton and went on to play football for two years at Cal State Fullerton before transferring to Arizona State University in 1986. Cameron currently lives in Fullerton, CA with his wife and two boys.

EXPERIENCE
Extensive entitlement and development experience in many Southern California cities
Specialist in training commercial real estate professionals
Former Real Estate Acquisition Manager for 3M Company
Former Real Estate Sales Manager for Southern Pacific Railroad
Extensive experience in property assembly for many local and national developers
Principal of Vanguard Investment Properties, Vanguard Commercial, Income Property Management and Iron Investments Inc.
Owner of many income properties in California and Arizona
Developer and owner of three restaurant companies in Southern California

EXPERTISE
Extensive experience in a wide variety of real estate transactions including 1031 exchanges, reverse exchanges, apartment sales, shopping center office building and industrial park sales, leasing, easements, conditional use permits, variances, raw land, lender REO’s and environmentally sensitive properties. Expert in working with city redevelopment projects.

Maximum utilization of the latest technology in marketing including the training of others in the use of technology. Expert in negotiating contracts and extensive construction management experience.

Extensive network of relationships throughout Los Angeles and Orange County with property owners, lenders, cooperating brokers, developers, city officials, and corporate property owners and trustees.

Focus on the growth of commercial real estate companies through recruiting, training and mergers and acquisitions

Specialties

Sale Specialties

Lease Specialties

Product Council

Clervil leads SVN Vanguard’s Property Management department and is currently working towards acquiring his CPM designation through the local IREM program. Clervil manages the day to day operations of his clents’ portfolios which consists of a variety of product types including but not limited to multi-family, commercial retail, medical and office properties.

Clervil began his commercial real estate career with Vanguard Investment Properties in 2004. His focus, then, was in multi-family in Orange County and the surrounding cities. Over the years, under the mentor-ship of Cameron Irons, Clervil’s focus changed from multi-family to the Restaurant industry and now on to Property Management and full service brokering.

Specialties

Sale Specialties

Lease Specialties

Product Council

Gil Gutierrez is a Multifamily Advisor for SVN Vanguard in Long Beach. Gil is a specialist in marketing and advising multi-family assets throughout long Los Angeles & Orange County. Gilbert is firm believer in marketing and technology. He aims to use technology to maximize property exposure and investor ROI all the while providing exceptional service.

Gilbert is a native of Southern California and Alumni of both University of California (UCI) and Cal State Long Beach (CSULB). Gil spent half of his professional career in the Space & Defense industry as a Software Engineer supporting purchasers of GPS Guided Defense Systems and the second half as an advisor in Real Estate. Gil had built his business and career on his ability to develop relationships and deliver results. Gil’s primary objective is to help his clients realize their investment goals through planning, technology, and execution.

Specialties

Sale Specialties
Multifamily/Apartment

David Cendejas is a Senior Advisor with SVN Vanguard, providing advisory services to private investors, high net worth individuals and financial institutions. David specializes in negotiating the acquisition and disposition of multi-family property throughout the South Bay area with an emphasis in the Long Beach market. Mr. Cendejas combines expert knowledge of his market, transaction guidance, asset management and strategic planning to the highest level of service and sound investment advice to his clients.

David’s commitment to serving his clients’ needs and strategic approach and council allows him to help owners reposition and divest distressed properties as an alternative to foreclosure. Mr. Cendejas, crafts his advisory approach based on the needs of each individual client, realizing that every owner, has unique goals and needs they are looking to accomplish. He does this by putting his client’s goals first, seeing what they are looking to accomplish with their investments and what is needed to execute the correct investment strategy to get the best returns on their investments. Not only does he advise his clients on selling and buying, he works with long term owners, strategizing how they can hold their property longer to fit their family goals and to help them maximize the value of their long term investment strategy.

Over the course of his career, David is takes pride in of the relationships he has created with each client, the success he has brought to them and the wealth he helps preserve and create. This is what sets him aside from the competition which is looking out for what is best for his clients.

David lives in Long Beach, CA with his fiancé, Veronica, and their 25 pound Pitbull Corgi mix, Luna, whom tags along with them on hikes, road trips, biking trails, trips to Lake Havasu for boat rides and anywhere else they allow spoiled dogs like her.

Specialties

Sale Specialties
Multifamily/Apartment

By Erik Sherman | November 08, 2021 | Originally Posted on GlobeSt.com
The benefits of the new spending to real estate are largely indirect.

After more legislative drama than found in a West Wing rerun, the House passed the infrastructure bill, which now goes to President Biden’s desk for an expected signature.

The biggest story is not what it is, but what it isn’t. The original proposal was $2.6 trillion, according to a New York Times breakdown from August. The plan had included many items that wouldn’t make the cut: housing, schools, home- and community-based care, R&D and manufacturing, and more.

What passed was $1.2 trillion in spending. But it wasn’t all new, as $650 billion was extending previous spending. New spending of roughly $550 billion, mostly over five years, breaks out as follows, according to CNN.

Bloomberg News points to a number of funding sources for the bill, including unspent pandemic relief funds, assumptions of greater economic growth leading to increased tax revenue, states that ended unemployment benefits early and in doing so reduced the need for that federal money, spectrum auction sales, and more. There is disagreement over how much the measure will add to the deficit. The Congressional Budget Office expects the measure to add $256 billion over a decade.

Nothing in the bill directly speaks to real estate, but there are expectations that the industry would benefit indirectly. “While real estate is not included in the plan, real estate inherently needs strong infrastructure to be useful for tenants,” said a recent report from BlackRock.

For example, flood mitigation, new tax revenues to states, better transportation and communications, and improved power and water services are all positive for business in general, which would then presumably need more services from CRE.

One potential issue is that increased construction spending on infrastructure would increase demand for materials and labor that might drive up costs for CRE.

 

Are you looking to purchase or sell Orange County Commercial real estate? Do you need to lease Orange County commercial real estate? SVN | Vanguard provides industry-specific real estate services across a variety of asset classes throughout Southern California. Our market-specific commercial real estate expertise and experience are at the forefront of our practice. We advise clients to ensure informed decisions. Whether the property is in Orange, San Diego, Riverside, Los Angeles, or San Bernardino Counties, SVN | Vanguard offers our clients a competitive edge. The first step in our approach to every transaction is to listen. It is our job to understand client goals and how they relate to market conditions. We offer insight and guidance as we navigate each unique situation.

 

For more information, contact SVN Vanguard.

1. OFFICE DEMAND

2.    CONSUMER SPENDING: RESIDENTIAL DISTRICTS VS. CBD

3.    HUD RULE ON TENANTS FACING EVICTION

4.    CONSTRUCTION SPENDING

5.   GOLDMAN CUTS US GROWTH FORECAST

6.    MORTGAGE APPLICATIONS

by 6.9% week-over-week during the week ending on October 1st, 2021, falling to its lowest level in three months.

7.  ZOMBIE PROPERTIES

8.    TREPP DELINQUENCY DATA

9.    EMPLOYMENT SITUATION

10.   JOB OPENINGS AND LABOR TURNOVER SUMMARY

SUMMARY OF SOURCES

1. BEIGE BOOK – ECONOMIC ACTIVITY
• Economic growth downgraded slightly in July and August, according to the September release of the Federal Reserve’s Beige Book. Manufacturing, transportation, non-financial services, and residential real estate stood out as stronger than average sectors during the survey period. According to the analysis, the slowdown in economic activity was largely due to a weakening in demand for dining out, travel, and tourism, presumably stemming from the rise of the Delta variant.
• Supply disruptions and labor shortages also continue to dampen growth in some areas of the economy, particularly auto sales— which have been impacted by a worldwide microchip shortage, and home sales, which suffer from persistently low inventories. Both residential and non-residential construction rose across districts during the latest survey period, with loan volumes varying widely.
• All districts reported rising employment, but most also continued to note a persistent shortage of available workers that in many cases, are impeding business activity. Early retirements, childcare needs, challenges in negotiating job offers, and the presence of enhanced unemployment benefits were noted as the largest barriers constraining hiring.

2. VTS OFFICE DEMAND INDEX (VODI)
• Office demand decreased in July following six consecutive months of growth, according to the latest reading of the VTS Office Demand Index (VODI). The VODI dropped 1.2% month-over-month, the steepest fall in the index since December 2020. Office demand is up 252% year-over-year— largely a base effect from the steep fall in economic activity in early-to-mid 2020 but remains 16% below its 2018-2019 average. Office demand fell as low as -84% below its pre-pandemic benchmark during June of last year.
• As was the case during the last time the VODI fell this steeply on a month-over-month basis, the nation saw a significant uptick in COVID cases during July’s decline. According to VTS, 6 out of the 7 metros tracked in the survey reported an uptick in cases during the month of July, with Seattle being the lone exception.

3. CALIFORNIA ZONING LAW CHANGES
• On August 26th, The California State Assembly passed a bill that would allow for the construction of two-unit buildings on lots previously zoned for single-family housing only. If signed, the new law would supersede existing zoning rules on the local level.
• The new bill would allow for increased density in a state where restrictive zoning has led to some of the highest land values in the country, with median home prices in California rising by 27% in just the past year. The bill would also allow for homeowners to subdivide their current properties to up to 4 units on a single lot.
• The bill’s passing comes shortly after the August 23rd passing of a bill that makes it easier for multifamily construction by simplifying the approval process in some areas.
• If successful, the push for zoning law changes in California would be a big win for industry leaders and advocates pushing for reform to address the nation’s critical housing supply shortage. With national policy leaders signaling a desire to tackle housing affordability in the US, the California bill could become a framework for zoning reform across the country.

4. PROPOSED TAX CHANGES ON PARTNERSHIPS
• The Senate Finance Committee has begun drafting legislation that would introduce new tax liabilities on business partnerships, which could potentially impact how real estate transactions take place.
• The proposal would require partnerships to use the “remedial” allocation method during tax filing, which would limit the ability for partners to shift gains and their related tax liabilities between each other.
• Current law affords partners the choice of revaluing their assets upon the change in the interests of one of the partners, but the new proposal would require such revaluing. Critics note that the mandatory review would remove flexibility afforded to commercial real estate partnerships and could delay transactions. The National Association of Home Builders has announced opposition to the legislation.

5. JOBS REPORT
• The August Jobs Report arrived underneath most forecasts, adding just 235,000 jobs in the month according to the BLS. Economists surveyed by Dow Jones projected up to 720,000 new hires in the month, but public health fears and an activity slowdown that accompanied the emergence of the delta variant likely caused more of a shock than many predicted.
• For the first time in six months, the leisure and hospitality sector did not lead the nation in job growth, with professional and business services rising to the top in August with 74,000 new hires. Employment in leisure and hospitality was relatively unchanged and remains 10% below February 2020 levels.
• Major industries such as construction and wholesale trade also stalled, while transportation and warehousing, private education, and manufacturing posted gains.
• Wages have continued to rise, climbing 4.3% year-over-year in August. Average hourly earnings for all employees rose by 17 cents to $30.73 and have now climbed for five consecutive months.

6. DELTA VARIANT IMPACT ON HIRING
• The emergence of the Delta variant has renewed some American’s hesitations to return to work, according to new results from the Census Bureau’s Household Pulse Survey (HPS).
• Results from the survey conducted between August 18th-30th reported that 3.2 million Americans indicated they were not working due to being “concerned about getting or spreading the coronavirus”, up from a reported 2.5 million from the survey covering July 21st to August 2nd.
• Since tracking the metric began in April 2020, the number of American’s citing COVID-risk as a barrier to returning to work peaked at 6.24 million in July 2020 and has steadily come down since. After receiving a positive boost earlier this summer as vaccines became widely available across the US, the recent negative turn in sentiment reflects the fears surrounding the recent surge stemming from the delta variant.

7. RETAIL SALES
• US retail sales rose by 70 basis points month-over-month in August following a 1.8% decline in July. Sales exceeded most economists’ expectations, with the Bloomberg survey of economist predicting a 70-basis point drop in August.
• Some industry watchers point to back-to-school shopping as a boost to retail activity, while the report also showed strength in online retailers and furniture stores as home relocation saw an uptick during the month.
• The Delta variant’s effect on the service industry has also likely shifted consumer spending to other areas of the economy, and the latest report signals that retail goods have been a beneficiary. 10 of the 13 categories outlined in the Census Bureau’s report noted increases in August, with electronics and appliances, sporting goods, and car dealers being the only categories the declined.

8. A CASE FOR RETAIL RESILIENCY
• While the retail sector of Commercial Real Estate has been the focus of much concern during the pandemic, a recent analysis by Propmodo on the success of some retail property managers in recent months has provided a case for resiliency.
• Simon Property Group, the nation’s largest mall operator, reported total sales in June 2021 that were on par with June 2019 figures, according to the analysis. Year-to-date sales through June were reportedly 13% higher than the same period in 2019.
• Similarly, National Retail Properties, another large operator, reported 98.3% occupancy and 99% rent collection across their single-tenant retail properties.
• While the Retail Sector has faced some of the worst pandemic-related headwinds of any area of the US economy, record savings being held by consumers alongside the rebound in economic activity in recent months has provided a dose of stimulus to companies that have weathered through the storm.

9. HOME BUILDING GEOGRAPHY INDEX
• The Q2 Home Building Geography Index (HBGI) produced by the National Association of Home Builders reported a consistent level of activity in the single-family sector nationwide throughout the quarter, with the multifamily sector finding higher growth in counties where affordable housing is more readily available.
• The report’s findings show a shrinking of multifamily growth within the core countries of many metro-areas compared surrounding counties. In Q2, core counties accounted for 38.7% of multifamily construction activity, down from 40.2% in Q1.
• Further, the report finds that roughly half of the US population resides in the “least-affordable” counties according to the Index’s definition, which is based on price-to-income ratios derived from the 2019 American Community Survey. Just 2.8% of the population lives in the “most-affordable” counties.

10. DIVERGING INFLATION
• A recent analysis by Bloomberg indicates a diverging pattern in price increases across different metros dating back to the beginning of the pandemic.
• Utilizing data from the BLS, the analysis shows that the steepest local increases occurred in St. Louis, climbing from an inflation rate of 2.1% year-over-year in February 2020 to 6.6% in August 2021. Other notable standouts were the Houston and Atlanta metro areas, with Houston rising from just 1.5% in February 2020 to 5.3% in August 2021. Atlanta rose from a pre-pandemic rate of 2.9% to 6.6% in the latest reading.
• Conversely, Los Angeles saw the most tepid change in local inflation, rising from a rate of 3.4% year-over[1]year in February 2020 to 4.00% in August 2021. Phoenix followed, climbing from 4.4% to 5.1%, with San Francisco close behind— rising from 2.9% to 3.7%.
• Notably, the metros with the lowest increases all started the pandemic with higher inflation rates than those that sit at the top of this analysis. Soaring housing costs, which were already prevalent in metros like Los Angeles and San Francisco before the pandemic, alongside regional migration patterns that have increased
consumer demand in smaller metros, have likely contributed to the divergence.

Have questions about Orange County commercial real estate? Looking for Orange County commercial properties for sale and lease? Contact SVN Vanguard today.

Summary of Sources
• https://www.federalreserve.gov/monetarypolicy/beigebook202109.htm (1)
• https://vts.drift.click/august-vodi (2)
• https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB9 (3)
• https://www.finance.senate.gov/imo/media/doc/Wyden%20Pass-through%20Reform%20One%20Pager.
pdf (4)
• https://www.bls.gov/news.release/empsit.nr0.htm (5)
• https://www.census.gov/programs-surveys/household-pulse-survey/data.html (6)
• https://www.census.gov/retail/index.html (7)
• https://www.propmodo.com/understanding-retails-resilience-and-lopsided-recovery/ (8)
• https://www.nahb.org/news-and-economics/housing-economics/indices/home-building-geography-index
(9)
• https://www.bloomberg.com/news/articles/2021-09-16/inflation-soared-in-some-u-s-cities-barely-budged[1]in-others (10)



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