FORBES LIST OF BILLIONAIRES – THE RICHEST PEOPLE ON THE PLANET 2014

August 29, 2014 on 6:14 pm | In Bravo, Fascinating Information, Funny...Money, Uncategorized, World | 2 Comments

moneybagsEdited by Jodi Summers

These days it seems like becoming a billionaire isn’t as difficult as it used to be. Forbes billionaires list 2014 features 268 newcomers, resulting in a record 1,645 billionaires on earth with an aggregate net worth of $6.4 trillion.

Forbes tallies that roughly two-thirds of the billionaires built their own fortunes, 13% inherited them and 21% have been adding on to fortunes they received.

Thanks to the tech boom, and strong stock market, the U.S. once again leads the world with 492 billionaires, followed by China with 152 and Russia with 111. Algeria, Lithuania, Tanzania and Uganda all debut on the list, and fir the first time an African – Aliko Dangote – of Nigeria, has broken into the top 25. Turkey lost 19 billionaires due to soaring inflation, a sagging stock market and a declining value in its currency. Indonesia, whose currency tumbled 20% Forbes-billionaires - Carlos Slim Heluagainst the dollar, now has 8 fewer ten-figure fortunes. Altogether 100 people dropped out of the ranks, while another 16 passed away.

Facebook’s Mark Zuckerberg is the year’s biggest gainer. His fortune more than doubled growing from $15.2 billion, to $28.5 billion, as shares of his social network soared. New Facebook billionaires include the company’s COO, Sheryl Sandberg, and longtime vice president Jeff Rothschild. Also, thanks to a $19 billion deal (including restricted stock) with Facebook, WhatsApp founders Jan Koum and Brian Acton join the ranks of Silicon Valley’s wealthiest for the first time. In total, 26 newcomers to the list made their fortunes come from technology, 10 of whom are American, including Dropbox CEO Drew Houston and Workday cofounder Aneel Bhusri. Other notable newcomers include World Wrestling Entertainment CEO Vince McMahon, fashion king Michael Kors and Denise Coates of UK online betting firm Bet365.

Here is Forbes 2014 list of the 60 richest people in the world.

Rank Name Net Worth Age Source Country of Citizenship
#1 Carlos Slim Helu & family $82.8 B 74 telecom Mexico
#2 Bill Gates $80.9 B 58 Microsoft U.S.A.
#3 Warren Buffett $67.3 B 83 Berkshire Hathaway U.S.A.
#4 Amancio Ortega $62.2 B 78 retail Spain
#5 Larry Ellison $51.4 B 70 Oracle U.S.A.
#6 Charles Koch $41.9 B 78 diversified U.S.A.
#6 David Koch $41.9 B 74 diversified U.S.A.
#8 Christy Walton & family $37.6 B 59 Wal-Mart U.S.A.
#9 Liliane Bettencourt & family $37 B 91 L’Oreal France
#10 Jim Walton $35.2 B 66 Wal-Mart U.S.A.
#11
  1. Robson Walton
$34.8 B 70 Wal-Mart U.S.A.
#12 Alice Walton $34.8 B 64 Wal-Mart U.S.A.
#13 Li Ka-shing $34.2 B 86 diversified Hong Kong
#14 Sheldon Adelson $33.2 B 81 casinos U.S.A.
#15 Mark Zuckerberg $33 B 30 Facebook U.S.A.
#16 Michael Bloomberg $32.9 B 72 Bloomberg LP U.S.A.
#17 Stefan Persson $32.7 B 66 H&M Sweden
#18 Bernard Arnault & family $31.9 B 65 LVMH France
#19 Larry Page $31.3 B 41 Google U.S.A.
#20 Jeff Bezos $31.2 B 50 Amazon.com U.S.A.
#21 Sergey Brin $31.1 B 41 Google U.S.A.
#22 Michele Ferrero & family $27 B 89 chocolates Italy
#23 Carl Icahn $26.4 B 78 investments U.S.A.
#24 David Thomson & family $24.5 B 57 media Canada
#25 Aliko Dangote $24.4 B 57 cement, sugar, flour Nigeria
#26 Mukesh Ambani $23.2 B 57 petrochemicals, oil & gas India
#27 George Soros $23 B 84 hedge funds U.S.A.
#28 Jorge Paulo Lemann $22.6 B 75 beer Brazil
#29 Lee Shau Kee $22.4 B 86 diversified Hong Kong
#30 Prince Alwaleed Bin Talal Alsaud $22 B 59 investments Saudi Arabia
#31 Steve Ballmer $22 B 58 Microsoft U.S.A.
#32 Len Blavatnik $21.6 B 57 diversified U.S.A.
#33 Dieter Schwarz $21.1 B 74 retail Germany
#34 Harold Hamm $21 B 68 oil & gas U.S.A.
#35 Forrest Mars Jr $20.4 B 83 candy U.S.A.
#35 Jacqueline Mars $20.4 B 74 candy U.S.A.
#35 John Mars $20.4 B 78 candy U.S.A.
#38 Leonardo Del Vecchio $19.4 B 79 eyeglasses Italy
#39 Phil Knight $19.2 B 76 Nike U.S.A.
#40 Dilip Shanghvi $19.1 B 58 pharmaceuticals India
#41 Michael Dell $19.1 B 49 Dell U.S.A.
#42 Alisher Usmanov $19 B 60 steel & mining, telecom, investments Russia
#43 Theo Albrecht Jr & family $18.5 B 63 Aldi, Trader Joe’s Germany
#44 Michael Otto & family $18.4 B 71 retail, real estate Germany
#45 Abigail Johnson $18.1 B 52 money management U.S.A.
#46 Gina Rinehart $17.8 B 60 mining Australia
#47 Lui Che Woo $17.8 B 84 casinos Hong Kong
#48 Masayoshi Son $17.7 B 57 internet, telecom Japan
#49 Mikhail Fridman $17.2 B 50 oil, banking, telecom Russia
#50 Susanne Klatten $17.2 B 52 BMW, pharmaceuticals Germany
#51 Charles Ergen $16.9 B 61 Dish Network U.S.A.
#52 Luis Carlos Sarmiento $16.8 B 81 banking Colombia
#53 Viktor Vekselberg $16.7 B 57 metals, energy Russia
#54 Laurene Powell Jobs & family $16.6 B 50 Apple, Disney U.S.A.
#55 Paul Allen $16.3 B 61 Microsoft, investments U.S.A.
#56 Azim Premji $16.2 B 69 software India
#57 Anne Cox Chambers $16.2 B 94 media U.S.A.
#58 German Larrea Mota Velasco & family $16.1 B 60 mining Mexico
#59 Joseph Safra $16 B 75 banking Brazil
#60 Donald Bren $15.8 B 82 real estate U.S.A.

 

Get the full list @ http://www.forbes.com/billionaires/list/

Charlie Chaplin billionaire quote

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http://www.forbes.com/sites/luisakroll/2014/03/03/inside-the-2014-forbes-billionaires-list-facts-and-figures/

http://www.socalofficerealestateblog.com/?p=2607

http://blogs.dallasobserver.com/unfairpark/Forbes-billionaires.jpg

http://lovesiliconbeach.wordpress.com/2014/09/03/the-richest-people-on-the-planet-2014

http://www.fivecentnickel.com/uploadedfiles/wp-content/uploads/2010/08/2010.08.12-billionaire.jpg

 

 

SOCAL OFFICE REAL ESTATE SNAPSHOT – AUGUST 2014 – ABSOLUTELY FABULOUS

July 30, 2014 on 8:30 am | In Bravo, Fascinating Information, Investment Opportunities, Market Snapshot, Office Fodder, Trends, Uncategorized | No Comments

by Jodi Summers

Bravo! 2014 is the year that Los Angeles area office vacancy rates drop below the 15% threshold for the first time since the Great Recession. This is absolutely fabulous because the Los Angeles office real estate market has been in neutral for the previous four years. All the experts are predicting better days for the Los Angeles office real estate market…

◆ Employment Forecast: In Los Angeles County, the unemployment rate fell to 8.1% in June, down from 8.2% in May and from the year ago rate of 10.0%. According to the Employment Development Department, in June, Los Angeles County added 4,800 jobs. In 2014 L.A. County has created 88,800 jobs – an increase of 2.2%. Office-using employment will grow 2.6% as 26,000 positions are generated.

Long term prospects are also healthy. The most recent Allen Matkins/UCLA Anderson Forecast Survey concludes that goods movement through California’s ports has resulted in real estate developers continuing to be broadly optimistic on the outlook through 2017.

◆ Vacancy Forecast: According to Marcus and Millichap, nearly 5 million square feet will be absorbed in 2014. Thanks to minimal construction, vacancy rates will drop to 14.2%.

◆ Rent Forecast: After a 3.9% rise in 2013, average full-service rents will climb another 3.9% in 2014 to $30.86 per square foot.

◆ Construction Forecast: This year construction will be minimal – 550,000 square feet of office space will come online in 2014, down from 1.2 million sq.ft. in 2013. Of the new office space, some large office renovations are fully leased prior to coming online.

◆ 2014 Los Angeles National Office Market Rank: 5, Up 3 Places. Strong rent gains and high absolute job growth supported Los Angeles’ three-place rise in the ranking.

◆ Investment Forecast: The potential for rising interest rates and an increase in loans coming due should strengthen the office market. Top-tier properties in West Los Angeles – which have nearly recovered from the recession – will remain among the most attractive targets this year.

In the owner/user market, local buyers will target well-located properties on a price-per-square-foot basis. Investors looking for value will think about the San Fernando Valley and Downtown. Average cap rates for Class A properties range from 6% near the coast to above 7% in secondary areas.

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

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http://www.marcusmillichap.com/research/researchreports/reports/2014/03/16/los-angeles-office-research-report

http://www.anderson.ucla.edu/centers/ucla-anderson-forecast/projects-and-partnerships/allen-matkins/summerfall-2014-survey

http://www.socalofficerealestateblog.com/?p=2589

http://laedc.org/2014/07/22/e-edge-newsletter-v-18-n-29-released-july-21-2014-2/#1

http://www.touchfinancial.co.uk/wp-content/themes/touchfinancial/thumb.php?src=http://www.touchfinancial.co.uk/wp-content/uploads/2012/09/iStock_000017073752Small1-300×225.jpg&w=350&h=230&zc=1&q=100

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http://everydaypuck.com/wp-content/uploads/2010/03/LTPC_Moving-copy.jpg

EFFECTIVE OFFICE SPACES

July 15, 2014 on 9:27 pm | In Bravo, Fascinating Information, Green, Office Fodder, Solutions, Trends, Uncategorized, Winning Properties | 3 Comments

by Jodi Summers

Office space has changed drastically in the past decade. Gone are cubicles and forced air. What’s hot are bright and breezy multiuse open spaces which use less square footage than their predecessors. Allow us to share with you some cutting edge concepts in office design.

Google’s stimulating new workspace in Tel Aviv. Google creates environments to allow creative ideas to easily flow.

 

 

 

 

 

 

 

 

92% of young professionals interviewed said they would be more inclined to work for an environmentally-friendly company.

 

 

 

 

 

 

Office space abundant in light with inspiring design.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three complementary design firms have joined together to share a loft office space.

 

 

 

Shared office or executive office suites.

 

 

 

The office barns the workspace is completely open, without partitions and without hierarchy. Desks and local storage are mobile and a system of power distribution drops power and network down to the desks from over head. It’s unlike any corporate office space that came before it and in fact has many of the characteristics of smaller businesses.

 

 

 

 

 

 

 

Open office space circa 1923

 

 

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http://d2tq98mqfjyz2l.cloudfront.net/image_cache/1336620524889657.jpg

http://www.thinkspace.com/wp-content/uploads/2009/01/21suites600.jpg

http://www.socalgreenrealestateblog.com/?p=2989

http://www.freeenterprise.com/entrepreneur/attract-gen-y-employees-great-office-space

http://www.visualnews.com/tag/office-space/

http://www.socalofficerealestateblog.com/?p=2439

http://www.workalicious.org/2008_08_01_archive.html

SOCAL OFFICE REAL ESTATE SNAPSHOT – JUNE 2014 –THE OFFICE PARK OF TODAY IS THE CAMPUS OF TOMORROW

June 1, 2014 on 1:07 pm | In Bravo, Fascinating Information, Investment Opportunities, Market Snapshot, New Developments, Office Fodder, Property Maintenance, Solutions, Trends, Uncategorized, Winning Properties | 2 Comments

by Jodi Summers

Originally built exclusively for business, office parks are evolving into vibrant multipurpose campuses. We all know the office market has been stagnant since the great rise is gas prices and the plummet of the Great Recession. Instead of wallowing in their empty suites, investors and developers from El Segundo to Warner Center are adding value through redevelopment. The result is a re-envisioned business campus where people can dine, shop, and live – all within walking distance of work.

The reinvention of the office complex has had a very positive impact on the lagging office market in 2014. According to Loopnet, office sale prices in metro Los Angeles jumped 12.5% in the first quarter and a total of 17% since 1Q 2013.

The market is finally grabbing how office space needs to be reinvented. Our new generation of young professionals have no interest in working in the same dull McOffice Park that their parents did. So, in addition to reinventing the size and configuration of the workspace, office real estate entrepreneurs are also reconsidering the environment.

To recruit and retain top talent, cutting-edge employers are eager to give millennials a walkable live-work-play-dine environment.

“It’s the new norm,” offers Anjee Solanki, national director of retail services with Colliers International in San Francisco. “People are expecting it.”

The reinvention of the office space is pushing lease rates up. According to Loopnet, average asking rental rate per sq ft/year for Office properties in Los Angeles, CA as of Apr 14 was $25.11. This is an increase of 0.8% compared to the prior 3 months, and an increase of +4.5% year-over-year. County-wide, average rental rates in Los Angeles are +0.9% higher at $24.21 per sq ft/year for Office properties currently for lease, a rise of +3.3% since 1Q 2013.

Want to see fine office retrofit? Check out the 86-acre Times Continental Park in El Segundo. Once and aerospace complex with each building occupied by single large tenants, “we had to rethink what to do with the property,” shares Alex Rose, senior vice president of Continental Development Corp.

Continental Development steadily began retrofitting the buildings to fit multiple tenants. Then it began adding restaurants, shopping, hotels, fitness centers, and a movie theater—all served by a light rail stop. “Once you get the cycle going, it feeds on itself,” Rose says. With 3 million square feet of mixed-use space and an office vacancy rate below 5%, Continental Park found the right strategy to turn things around. “By taking a mixed-use approach, we think we did a good job of listening to our market,” Rose says. “We’ve been able to keep our rents up, keep occupancy up, and attract tenants that perhaps our competition can’t.”

Continental’s approach was so successful, that others wanted in. Invesco Real Estate and SSV Properties of Ontario, subsequently bought four office buildings in Continental Park totaling 540,000 square feet for an undisclosed amount last year. One building was fully leased, but the new owners chose to spend an estimated $75 million to convert the other three to open floor plans that support workplace collaboration.

Continental Park’s mixed-use environment was a key factor in the decision to buy the buildings as a long-term investment,. “The way officing is going right now, folks want the [mixed-use] environment and amenities,” observes Peter Cassiano, director of acquisitions for Invesco.

Many underperforming office parks can’t afford mixed-use makeovers because the owners don’t have the capital. They don’t have the capital because the property is underperforming. The only escape from this Catch-22 is acquisition by new owners with deeper pockets. Looking to get sell an underperforming office park? We have the buyers.

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

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http://ww4.hdnux.com/photos/12/14/63/2673915/6/628×471.jpg

http://continentaldevelopment.com/img/continentalpark/continental-park-02.jpg

http://www.socalofficerealestateblog.com/?p=2571

http://www.loopnet.com/Los-Angeles_California_Market-Trends?Trends=SalePricesFS,TotalAvailableForSaleFS,NumberOfListingsFS,TotalNumOfUnitsFS,TotalSFAvailableFS,AskingRentsFL,NumberOfListingsFL,TotalSFAvailableFL&PropertyTypes=Office

http://realtormag.realtor.org/commercial/feature/article/2014/03/welcome-walkable-suburbia

http://www.trbimg.com/img-525f102f/turbine/la-la-me-property-report-jpg-20131016/600/600×349

http://www.nycedc.com/sites/default/files/styles/dynamic_lead/public/images/project/slideshow/Broome%20St.%20Garden%20Rendering.jpg?itok=DCjhhdqI

SOCAL OFFICE REAL ESTATE SNAPSHOT MAY 2014 ~ SPRING RESURECTION

April 30, 2014 on 1:56 pm | In Bravo, Fascinating Information, Market Snapshot, Office Fodder, Statistics, Trends, Uncategorized | 4 Comments

by Jodi Summers

Bravo! The pundits are predicting that the Los Angeles office market will make some headway this year after lollygagging for the previous four years. Even formerly quiet office zip codes like 90025 and 90034 are picking up steam as the Silicon Beach coastal office market of Venice, Santa Monica, Marina del Rey, Mar Vista, Playa Vista and Culver City continues to see shrinking vacancy rates.

Let us look at Marcus & Millichap’s 2014 Market Outlook; it’s full of good news for the Los Angeles Real Estate market for a change.

◆ 2014 National Office Performance Index Rank for Los Angeles is 5 – up 3 places from last year. Our rise is attributed to strong rent gains and high absolute job growth.

The Employment Development Department (EDD) notes that in Los Angeles County, the seasonally adjusted unemployment rate in March was 8.7% – down from the year ago rate of 10.1%.

◆ Employment Forecast: Employers will create 81,000 jobs this year, expanding payrolls by 2.1%. Office-using employment will grow 2.6% as 26,000 positions are generated.

In California, nearly every major private industry sector added jobs over the year: construction; trade, transportation and utilities; information; professional and business services; educational and health services; leisure and hospitality; and other services. Professional and business services posted the largest gain on a numerical basis, adding 88,100 jobs over the year (up 3.8%). Construction increased the number of payroll jobs by 5.9% (adding 37,100 jobs).

◆ Investment Forecast: The potential for rising interest rates and an increase in the number of CMBS loans that are coming due should encourage more buyers to deploy capital in office assets.

As Loopnet notes, Current Los Angeles market trends data indicates an increase of +4.9% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +12.8% compared to last year’s prices. County-wide, asking prices for Office properties are 4.4% higher at $283 per sq ft compared to the current median price of $321 per sq ft for Office properties in metro L.A.

◆ Vacancy Forecast: Light construction will facilitate a dip in vacancy to 14.2%.

◆ Rent Forecast: After a 3.9% rise in 2013, average full-service rents will climb another 3.9% in 2014 to $30.86 per square foot.

As Loopnet notes, the average asking rental rate per sq ft/year for Office properties in Los Angeles as of Mar 14 was $25.05. This represents an increase of 0.8% compared to the prior 3 months, with an increase of +4.7% year-over-years. County-wide, average rental rates in L.A. County are +1.1% higher at $24.17 per sq ft/year for Office properties currently for lease.

◆ Construction Forecast: Only 550,000 square feet of office space will come online in 2014, down from 1.2 million square feet last year.

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

**

http://laedc.org/business-assistance/additional-resources/e-edge-newsletter/#1

http://www.marcusmillichap.com/research/researchreports/reports/2014/01/06/los-angeles-apartment-research-report

http://www.loopnet.com/LOS-ANGELES_California_Market-Trends?Trends=AskingPricesFS,SalePricesFS,TotalAvailableForSaleFS,NumberOfListingsFS,ProfileViewsFS,TotalNumOfUnitsFS,TotalSFAvailableFS,DaysOnMarketFS,AskingRentsFL,NumberOfListingsFL,ProfileViewsFL,TotalSFAvailableFL,DaysOnMarketFL&PropertyTypes=Office

SOCAL IS ONE OF THE POWER CENTERS DRIVING THE U.S. ECONOMY

April 17, 2014 on 6:35 pm | In Bravo, Fascinating Information, Funny...Money, Statistics, Uncategorized, World | 3 Comments

edited by Jodi Summers

So-Cal runs from L.A. through San Diego and spills into Tijuana, Mexico, accounting for 21.8 million people and more than one trillion in economic output. Even excluding its Mexican component, its economy is bigger than all of Mexico’s and just a bit smaller than Spain’s, also putting it among the world’s fifteen largest economies.

Above and beyond, the Boston-Washington corridor produces more than Germany, Chicago-Pittsburgh more than Brazil. Add that toSoCal production, which trounces Mexico, and the other regions, and these dozen mega-regions produce more than $13 trillion dollars in economic output, equivalent to three-quarters of America’s total GDP.

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http://www.theatlanticcities.com/jobs-and-economy/2014/03/dozen-regional-powerhouses-driving-us-economy/8575/

http://www.socalofficerealestateblog.com/?p=2537

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