(466,1,'2013-10-20 21:45:45','2013-10-20 21:45:45','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n<p style=\"padding-left: 30px;\">The firm focuses on the following areas:</p>\r\n<p style=\"padding-left: 30px;\">•Business Parks/Industrial\r\n•Hotels\r\n•Creative Assets</p>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-20 21:45:45','2013-10-20 21:45:45','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(450,1,'2013-10-20 16:28:42','2013-10-20 16:28:42','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n<p style=\"padding-left: 30px;\">The firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.</p>\r\n<p style=\"padding-left: 30px;\">The firm focuses on the following areas:</p>\r\n<p style=\"padding-left: 30px;\">•Business Parks/Industrial\r\n•Hotels\r\n•Creative Assets</p>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-20 16:28:42','2013-10-20 16:28:42','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(451,1,'2013-10-20 16:29:48','2013-10-20 16:29:48','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $25 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\"> $20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\"> All Other Areas of Southern California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-10-20 16:29:48','2013-10-20 16:29:48','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(452,1,'2013-10-20 16:30:12','2013-10-20 16:30:12','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $25 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\"> $20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\"> All Other Areas of Southern California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-10-20 16:30:12','2013-10-20 16:30:12','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(541,1,'2013-11-03 19:10:29','2013-11-03 19:10:29','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with intense focus on “peak to trough” comparison and long term historical operating performance trends.</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions.</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional complexity or where management expertise can mitigate operating risks.</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:10:29','2013-11-03 19:10:29','',288,'http://www.prg-west.com/288-revision-v1/',0,'revision','',0),(453,1,'2013-10-20 16:32:06','2013-10-20 16:32:06','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with intense focus on “peak to trough” comparison and long term historical operating performance trends</li>\r\n	<li><span style=\"font-family: arial, helvetica, sans-serif;\">Establish a meaningful “margin of safety” with all key assumptions</span></li>\r\n	<li><span style=\"font-family: arial, helvetica, sans-serif;\">Concentrate on opportunities with favorable seller circumstances, transactional complexity or where management expertise can mitigate operating risks.</span></li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-10-20 16:32:06','2013-10-20 16:32:06','',288,'http://www.prg-west.com/288-revision-v1/',0,'revision','',0),(454,1,'2013-10-20 16:33:21','2013-10-20 16:33:21','<ul type=\"disc\">\r\n	<li>History of buying and selling based on disciplined Investment Principles</li>\r\n	<li>Wait for “good buys” vs. “putting money out” philosophy</li>\r\n	<li>Strategy typically based on medium to long term execution of proven operating plans versus “flipping” plans</li>\r\n</ul>','Patient Investment Philosophy','','inherit','closed','open','','290-revision-v1','','','2013-10-20 16:33:21','2013-10-20 16:33:21','',290,'http://www.prg-west.com/290-revision-v1/',0,'revision','',0),(455,1,'2013-10-20 16:34:19','2013-10-20 16:34:19','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost.\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against adverse economic conditions.\r\n</span></li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths.</li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-10-20 16:34:19','2013-10-20 16:34:19','',292,'http://www.prg-west.com/292-revision-v1/',0,'revision','',0),(552,1,'2013-11-03 19:30:24','2013-11-03 19:30:24','<ul type=\"disc\">\r\n	<li>History of buying and selling based on disciplined investment principles</li>\r\n	<li>Wait for “good buys” vs. “putting money out” philosophy</li>\r\n	<li>Strategy typically based on medium to long term execution of proven operating plans versus “flipping” plans</li>\r\n</ul>','Patient Investment Philosophy','','inherit','closed','open','','290-revision-v1','','','2013-11-03 19:30:24','2013-11-03 19:30:24','',290,'http://www.prg-west.com/290-revision-v1/',0,'revision','',0),(456,1,'2013-10-20 16:34:47','2013-10-20 16:34:47','<ul type=\"disc\">\r\n	<li>History of buying and selling based on disciplined Investment Principles.</li>\r\n	<li>Wait for “good buys” vs. “putting money out” philosophy.</li>\r\n	<li>Strategy typically based on medium to long term execution of proven operating plans versus “flipping” plans.</li>\r\n</ul>','Patient Investment Philosophy','','inherit','closed','open','','290-revision-v1','','','2013-10-20 16:34:47','2013-10-20 16:34:47','',290,'http://www.prg-west.com/290-revision-v1/',0,'revision','',0),(457,1,'2013-10-20 16:35:30','2013-10-20 16:35:30','<p align=\"center\"><b>Our Mission</b></p>\r\n\r\n<h3 style=\"text-align: center; font-weight: normal;\"><b><i>Invest in high quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></b></h3>\r\n&nbsp;\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-10-20 16:35:30','2013-10-20 16:35:30','',166,'http://www.prg-west.com/166-revision-v1/',0,'revision','',0),(458,1,'2013-10-20 16:36:16','2013-10-20 16:36:16','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously underappreciated industrial areas. Unlike many regions in the United States, the high degree of transition is uniquely high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-10-20 16:36:16','2013-10-20 16:36:16','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(459,1,'2013-10-20 16:37:01','2013-10-20 16:37:01','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world. Southern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the United States, the high degree of transition is uniquely high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-10-20 16:37:01','2013-10-20 16:37:01','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(460,1,'2013-10-20 16:39:03','2013-10-20 16:39:03','PRG’s management team possesses a unique depth of knowledge and experience in the Southern California real estate market. Many members of the management team have worked together for over 13 years.\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-20 16:39:03','2013-10-20 16:39:03','',29,'http://www.prg-west.com/29-revision-v1/',0,'revision','',0),(677,1,'2013-11-10 18:33:02','2013-11-10 18:33:02','<p align=\"left\"><i>Managing Partner and President</i></p>\r\nBritten Shuford joined the predecessor company, Pacifica Capital Group, in 1998.  He began leading the organization in 2005 with the late co-founder and was co-principal of the firm. He has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.\r\n\r\nMr. Shuford is the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.\r\n\r\nIn 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on communities located in urban areas in California.\r\n\r\nIn 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform.  Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.\r\n\r\nMr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.\r\n\r\nMr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-10 18:33:02','2013-11-10 18:33:02','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(646,1,'2013-11-06 05:39:22','2013-11-06 05:39:22','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founderand was co-principal. He has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-06 05:39:22','2013-11-06 05:39:22','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(461,1,'2013-10-20 16:40:11','2013-10-20 16:40:11','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-10-20 16:40:11','2013-10-20 16:40:11','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(462,1,'2013-10-20 16:40:52','2013-10-20 16:40:52','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">Clifford (“Kip”) Lord joined the predecessor company, Pacifica Capital Group, in 1995 and was actively involved as a lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>\r\n<p align=\"left\">In 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000 and 2008.  Mr. Lord continues to serve as Managing Partner and oversee the real estate and private equity interests in Europe.</p>\r\n<p align=\"left\">In 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. sold the franchise rights to Yum Brands in 2007.</p>\r\n<p align=\"left\">Mr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.</p>\r\n<p align=\"left\">Mr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.</p>','Clifford W. Lord','','inherit','closed','open','','123-revision-v1','','','2013-10-20 16:40:52','2013-10-20 16:40:52','',123,'http://www.prg-west.com/123-revision-v1/',0,'revision','',0),(463,1,'2013-10-20 16:41:13','2013-10-20 16:41:13','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">David Dittmer joined Pacifica Capital Group in 2005 and was actively involved in the development and operation of the Colony Palms Hotel in Palm Springs, California.  He possesses extensive experience within the boutique hotel sector.</p>\r\n<p align=\"left\">Under the late Steven Ohren’s leadership, Mr. Dittmer was engaged during the construction and opening phases.  Shortly after the Colony Palms’ full opening in early 2008, Mr. Dittmer was appointed General Manager of the property and became employed by the hotel.  Under Mr. Dittmer’s General Management leadership, Colony Palms Hotel established worldwide prominence including accolades such as Worldwide “Hot List” status by Condé Nast and comparable status by Travel + Leisure Magazine.  In addition, Mr. Dittmer was instrumental in developing the Colony Palms’ yield management strategies and principles, resulting in superior performance relative to the national boutique sector. Despite a limited room count, Mr. Dittmer’s deep focus on the fundamental economics in hospitality management resulted in the Colony Palms Hotel surpassing national averages in key profitability metrics.</p>\r\n<p align=\"left\">Mr. Dittmer joined PRG in August 2013.  He graduated from UC Berkeley with a B.A. in Legal Studies and was Valedictorian of the department. He received Highest Honors from the University and was also nominated to Phi Beta Kappa.</p>\r\n<em> </em>','David Dittmer','','inherit','closed','open','','126-revision-v1','','','2013-10-20 16:41:13','2013-10-20 16:41:13','',126,'http://www.prg-west.com/126-revision-v1/',0,'revision','',0),(464,1,'2013-10-20 16:41:43','2013-10-20 16:41:43','<p align=\"left\"><i>Director of Property Management and Partner</i></p>\r\n<p align=\"left\">Rene Franco joined PRG in 2011 and is Director of Property Management and a partner of the firm’s property management division.  Mr. Franco overseas all aspects of property management, including construction, tenant improvements, reporting, tenant relations and due diligence.</p>\r\n<p align=\"left\">From 2006-2011, Mr. Franco was an Operations Manager at Transwestern, formerly RREEF D/B Real Estate.  Mr. Franco was actively involved with operational strategic planning and implementation of operations for over 7 million square feet of industrial warehouse, office and R&amp;D space valued in excess of $1.3 billion.  He developed operations and capital budgets for over 26 business parks, and managed the procurement process of all aspects for large-scale construction projects by soliciting bids while ensuring proper vendor practice.</p>\r\n<p align=\"left\">Mr. Franco holds a Bachelor’s Degree in Business Management from the University of Phoenix and continues his education by being actively involved with industry associations, immersing himself in continued educational classes.  He is the Chairman of the Long Beach/South Bay Regional Council for the Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) and a member of AIR Commercial Real Estate Association (AIR).</p>','Rene Franco','','inherit','closed','open','','129-revision-v1','','','2013-10-20 16:41:43','2013-10-20 16:41:43','',129,'http://www.prg-west.com/129-revision-v1/',0,'revision','',0),(465,1,'2013-10-20 16:42:01','2013-10-20 16:42:01','<p align=\"left\"><i>Vice President</i></p>\r\n<p align=\"left\">Craig Johnson joined PRG’s predecessor company and advisory group in 1984. He has over 30 years of expertise in commercial office and industrial real estate with an emphasis on the West Los Angeles to LAX submarkets.</p>\r\n<p align=\"left\">Mr. Johnson was active in Pacifica Capital Group’s 1990s acquisition cycle and possesses significant experience in real estate investment and analysis. In addition, he has represented major corporations including Direct TV, Target and Extra Space Management.</p>\r\n<p align=\"left\">Mr. Johnson graduated from University of California at Los Angeles with a Bachelors of Arts degree in History and Economics. He is a past president of the AIR Commercial Real Estate Association.</p>\r\n<em> </em>','Craig Johnson','','inherit','closed','open','','357-revision-v1','','','2013-10-20 16:42:01','2013-10-20 16:42:01','',357,'http://www.prg-west.com/357-revision-v1/',0,'revision','',0),(467,1,'2013-10-20 21:48:48','2013-10-20 21:48:48','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities including the following:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-20 21:48:48','2013-10-20 21:48:48','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(468,1,'2013-10-20 21:49:48','2013-10-20 21:49:48','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in industrial, business parks, and creative office.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]','<b>Leasing Platform</b>','','publish','closed','open','','leasing','','','2013-11-10 18:28:55','2013-11-10 18:28:55','',44,'http://www.prg-west.com/?page_id=468',0,'page','',0),(469,1,'2013-10-20 21:49:48','2013-10-20 21:49:48','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in industrial, business parks and creative office.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executed “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.','Leasing','','inherit','closed','open','','468-revision-v1','','','2013-10-20 21:49:48','2013-10-20 21:49:48','',468,'http://www.prg-west.com/468-revision-v1/',0,'revision','',0),(470,1,'2013-11-06 05:46:50','2013-11-06 05:46:50','[column-group]\n[column]<strong>SITUATION:</strong>\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with the plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\n<b>•2011:</b> PRG acquired the business park via a short sale transaction at $78/sq. ft., representing a 50% discount to the outstanding loan balance\n•The Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\n[column-group]\n[column]<strong>STRATEGY AND EXECUTION:</strong>\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\n[column span=\"1.5\"]\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\n[column-group]\n[column]<strong>RESULTS:</strong>\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\n[column span=\"1.5\"]\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization occupancy was Month 18)\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-autosave-v1','','','2013-11-06 05:46:50','2013-11-06 05:46:50','',143,'http://www.prg-west.com/143-autosave-v1/',0,'revision','',0),(472,1,'2013-10-20 21:55:58','2013-10-20 21:55:58','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"2\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n<div id=\"strategy\"><strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition</div>\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 21:55:58','2013-10-20 21:55:58','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(473,1,'2013-10-20 21:56:37','2013-10-20 21:56:37','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.5\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n<div id=\"strategy\"><strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition</div>\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 21:56:37','2013-10-20 21:56:37','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(475,1,'2013-10-20 22:05:48','2013-10-20 22:05:48','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.5\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 22:05:48','2013-10-20 22:05:48','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(474,1,'2013-10-20 21:59:39','2013-10-20 21:59:39','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.5\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>\r\n[column span=\"1.5\"]•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 21:59:39','2013-10-20 21:59:39','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(476,1,'2013-10-20 22:08:43','2013-10-20 22:08:43','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.7\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 22:08:43','2013-10-20 22:08:43','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(477,1,'2013-10-20 22:09:05','2013-10-20 22:09:05','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 22:09:05','2013-10-20 22:09:05','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(478,1,'2013-10-20 22:09:45','2013-10-20 22:09:45','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 22:09:45','2013-10-20 22:09:45','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(479,1,'2013-10-20 22:22:55','2013-10-20 22:22:55','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','publish','closed','open','','case-travelers','','','2013-11-06 05:14:08','2013-11-06 05:14:08','',44,'http://www.prg-west.com/?page_id=479',0,'page','',0),(482,1,'2013-10-20 22:25:14','2013-10-20 22:25:14','<strong>Project: Oceangate Business Park</strong>\r\n<b>\r\nClient:</b>\r\n\r\n&nbsp;\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-10-20 22:25:14','2013-10-20 22:25:14','',479,'http://www.prg-west.com/479-revision-v1/',0,'revision','',0),(480,1,'2013-10-20 22:22:55','2013-10-20 22:22:55','<strong>Project: Oceangate Business Park</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\nClient: \r\n\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace.  This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign.  The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.  \r\n\r\nFull Case Study coming soon.\r\n','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-10-20 22:22:55','2013-10-20 22:22:55','',479,'http://www.prg-west.com/479-revision-v1/',0,'revision','',0),(481,1,'2013-10-20 22:28:45','2013-10-20 22:28:45','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" />\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and Aerospace Companies','','inherit','closed','open','','479-autosave-v1','','','2013-10-20 22:28:45','2013-10-20 22:28:45','',479,'http://www.prg-west.com/479-autosave-v1/',0,'revision','',0),(488,1,'2013-10-20 22:39:39','2013-10-20 22:39:39','<strong>Project: 220 Manville Ave., Compton, California</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/first_industrial_logo.jpg\" /> (NYSE: FR)\r\n\r\nIn 2007, Shuford represented First Industrial Realty Trust (NYSE: FR) on a major redevelopment and repositioning of a 155,000 sq. ft. industrial building.  The value-add strategy involved strategic negotiation and lease renewal of  FedEx (NYSE: FDX) for a portion of the building, substantially repositioning the property to cure functional obsolescence and then re-introducing the property to market.  The result was the largest industrial transaction in the South Bay (Los Angeles) in 2007 for $22.6 million, which was a record high price per square foot.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Largest Industrial Transaction<br /> of 2007 ','','publish','closed','open','','case-study-value-add-strategy-and-execution-results-in-largest-industrial-transaction-of-2007','','','2013-11-06 05:15:02','2013-11-06 05:15:02','',44,'http://www.prg-west.com/?page_id=488',0,'page','',0),(483,1,'2013-10-20 22:29:20','2013-10-20 22:29:20','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-10-20 22:29:20','2013-10-20 22:29:20','',479,'http://www.prg-west.com/479-revision-v1/',0,'revision','',0),(484,1,'2013-10-20 22:34:26','2013-10-20 22:34:26','<strong>Project: PS Business Parks- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the<br /> Largest Flex Business Park in West Los Angeles','','publish','closed','open','','case-ps-business-parks','','','2013-11-06 05:49:19','2013-11-06 05:49:19','',44,'http://www.prg-west.com/?page_id=484',0,'page','',0),(485,1,'2013-11-06 05:44:26','2013-11-06 05:44:26','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development, leasing and management of industrial properties and a strong track record of success in Southern California.</p>\n<p align=\"left\">The firm focuses on the approximate 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redeveloping and/or leasing.</p>\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities wit the following characteristics:</p>\n\n<ul>\n	<li>Vacant properties requiring lease-up</li>\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\n	<li>Ability to demise the building into smaller units</li>\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\n</ul>\n[tab_insert page=\"143\"]\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-autosave-v1','','','2013-11-06 05:44:26','2013-11-06 05:44:26','',44,'http://www.prg-west.com/44-autosave-v1/',0,'revision','',0),(486,1,'2013-10-20 22:32:00','2013-10-20 22:32:00','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities including the following:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[section_insert page=\"468\"]\r\n[tab_insert page=\"479\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-20 22:32:00','2013-10-20 22:32:00','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(487,1,'2013-10-20 22:34:26','2013-10-20 22:34:26','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the Largest Flex Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-10-20 22:34:26','2013-10-20 22:34:26','',484,'http://www.prg-west.com/484-revision-v1/',0,'revision','',0),(653,1,'2013-11-06 05:44:39','2013-11-06 05:44:39','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development, leasing and management of industrial properties and a strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximate 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redeveloping and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities with the following characteristics:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-11-06 05:44:39','2013-11-06 05:44:39','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(489,1,'2013-10-20 22:39:40','2013-10-20 22:39:40','<strong>Project: 220 Manville Ave., Compton, California</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/first_industrial_logo.jpg\" /> (NYSE: FR)\r\n\r\nIn 2007, Shuford represented First Industrial Realty Trust (NYSE: FR) on a major redevelopment and repositioning of a 155,000 sq. ft. industrial building.  The value-add strategy involved strategic negotiation and lease renewal of  FedEx (NYSE: FDX) for a portion of the building, substantially repositioning the property to cure functional obsolescence and then re-introducing the property to market.  The result was the largest industrial transaction in the South Bay (Los Angeles) in 2007 for $22.6 million, which was a record high price per square foot.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Largest Industrial Transaction of 2007 ','','inherit','closed','open','','488-revision-v1','','','2013-10-20 22:39:40','2013-10-20 22:39:40','',488,'http://www.prg-west.com/488-revision-v1/',0,'revision','',0),(519,1,'2013-10-21 03:33:48','2013-10-21 03:33:48','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities including the following:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-21 03:33:48','2013-10-21 03:33:48','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(490,1,'2013-10-20 22:39:57','2013-10-20 22:39:57','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities including the following:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[section_insert page=\"468\"]\r\n[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-20 22:39:57','2013-10-20 22:39:57','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(491,1,'2013-10-20 22:42:12','2013-10-20 22:42:12','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the Largest Flex <br />Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-10-20 22:42:12','2013-10-20 22:42:12','',484,'http://www.prg-west.com/484-revision-v1/',0,'revision','',0),(492,1,'2013-10-20 22:51:40','2013-10-20 22:51:40','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,020 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on a new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','publish','closed','open','','case-sm-airport','','','2013-11-07 05:16:05','2013-11-07 05:16:05','',46,'http://www.prg-west.com/?page_id=492',0,'page','',0),(494,1,'2013-10-20 22:50:15','2013-10-20 22:50:15','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n•Strategy and Execution Plan is currently in progress.','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-10-20 22:50:15','2013-10-20 22:50:15','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(493,1,'2013-10-20 22:56:36','2013-10-20 22:56:36','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: TRV), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','publish','closed','open','','ca-leasing','','','2013-11-06 05:48:14','2013-11-06 05:48:14','',46,'http://www.prg-west.com/?page_id=493',0,'page','',0),(502,1,'2013-10-21 03:28:51','2013-10-21 03:28:51','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\n\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\n\n<b></b>[tab_insert page=\"493\"]\n[tab_insert page=\"492\"]\n[tab_insert page=\"497\"]\n\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-autosave-v1','','','2013-10-21 03:28:51','2013-10-21 03:28:51','',46,'http://www.prg-west.com/46-autosave-v1/',0,'revision','',0),(495,1,'2013-10-20 22:50:58','2013-10-20 22:50:58','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n•Strategy and Execution Plan is currently in progress.','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-10-20 22:50:58','2013-10-20 22:50:58','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(496,1,'2013-10-20 22:51:40','2013-10-20 22:51:40','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n•Strategy and Execution Plan is currently in progress.','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-10-20 22:51:40','2013-10-20 22:51:40','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(497,1,'2013-10-20 22:53:39','2013-10-20 22:53:39','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.\r\n\r\nFull Case Study Coming Soon','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative <br /> Office in Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','publish','closed','open','','case-nsb-associates','','','2013-11-06 05:18:28','2013-11-06 05:18:28','',46,'http://www.prg-west.com/?page_id=497',0,'page','',0),(498,1,'2013-10-20 22:53:39','2013-10-20 22:53:39','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\nNSB Associates\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office.  The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford.  The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space.  In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants.  The resulting creative office rents were significantly higher than comparable industrial rents.','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative Office in Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-10-20 22:53:39','2013-10-20 22:53:39','',497,'http://www.prg-west.com/497-revision-v1/',0,'revision','',0),(499,1,'2013-10-20 22:55:03','2013-10-20 22:55:03','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<b>Leasing:</b>\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"497\"]\r\n\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h.png\"><img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /></a> <a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-20 22:55:03','2013-10-20 22:55:03','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(501,1,'2013-10-20 22:56:50','2013-10-20 22:56:50','','Leasing','','inherit','closed','open','','493-revision-v1','','','2013-10-20 22:56:50','2013-10-20 22:56:50','',493,'http://www.prg-west.com/493-revision-v1/',0,'revision','',0),(500,1,'2013-10-20 22:56:36','2013-10-20 22:56:36','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in industrial, business parks and creative office.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executed “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.','Leasing','','inherit','closed','open','','493-revision-v1','','','2013-10-20 22:56:36','2013-10-20 22:56:36','',493,'http://www.prg-west.com/493-revision-v1/',0,'revision','',0),(514,1,'2013-10-21 03:29:09','2013-10-21 03:29:09','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"493\"]\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-21 03:29:09','2013-10-21 03:29:09','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(503,1,'2013-10-20 22:57:18','2013-10-20 22:57:18','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<b></b>[section_insert page=\"493\"]\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"497\"]\r\n\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h.png\"><img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /></a> <a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-20 22:57:18','2013-10-20 22:57:18','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(504,1,'2013-10-20 22:58:08','2013-10-20 22:58:08','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\nNSB Associates\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative Office in <br /> Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-10-20 22:58:08','2013-10-20 22:58:08','',497,'http://www.prg-west.com/497-revision-v1/',0,'revision','',0),(505,1,'2013-10-20 22:59:53','2013-10-20 22:59:53','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-10-20 22:59:53','2013-10-20 22:59:53','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(506,1,'2013-10-20 23:00:48','2013-10-20 23:00:48','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative Office in <br /> Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-10-20 23:00:48','2013-10-20 23:00:48','',497,'http://www.prg-west.com/497-revision-v1/',0,'revision','',0),(507,1,'2013-10-20 23:03:56','2013-10-20 23:03:56','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $25 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\"> $20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-10-20 23:03:56','2013-10-20 23:03:56','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(539,1,'2013-11-03 01:32:30','2013-11-03 01:32:30','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\nPhone: 310-982-2800\r\nFax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-11-03 01:32:30','2013-11-03 01:32:30','',99,'http://www.prg-west.com/99-revision-v1/',0,'revision','',0),(508,1,'2013-10-21 03:21:24','2013-10-21 03:21:24','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />  Phone: 310-982-2800\r\n<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />  Fax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>  </span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-10-21 03:21:24','2013-10-21 03:21:24','',99,'http://www.prg-west.com/99-revision-v1/',0,'revision','',0),(511,1,'2013-10-21 03:25:08','2013-10-21 03:25:08','','Leasing Platform','','inherit','closed','open','','493-autosave-v1','','','2013-10-21 03:25:08','2013-10-21 03:25:08','',493,'http://www.prg-west.com/493-autosave-v1/',0,'revision','',0),(512,1,'2013-10-21 03:25:16','2013-10-21 03:25:16','','Leasing Platform','','inherit','closed','open','','493-revision-v1','','','2013-10-21 03:25:16','2013-10-21 03:25:16','',493,'http://www.prg-west.com/493-revision-v1/',0,'revision','',0),(513,1,'2013-10-21 03:26:46','2013-10-21 03:26:46','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.\r\n\r\nFull Case Study Coming Soon','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative Office in <br /> Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-10-21 03:26:46','2013-10-21 03:26:46','',497,'http://www.prg-west.com/497-revision-v1/',0,'revision','',0),(516,1,'2013-10-21 03:29:48','2013-10-21 03:29:48','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-21 03:29:48','2013-10-21 03:29:48','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(515,1,'2013-10-21 03:29:31','2013-10-21 03:29:31','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-21 03:29:31','2013-10-21 03:29:31','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(517,1,'2013-10-21 03:31:10','2013-10-21 03:31:10','TBD\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','inherit','closed','open','','493-revision-v1','','','2013-10-21 03:31:10','2013-10-21 03:31:10','',493,'http://www.prg-west.com/493-revision-v1/',0,'revision','',0),(518,1,'2013-10-21 03:33:06','2013-10-21 03:33:06','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n&nbsp;','<b>Leasing</b>','','inherit','closed','open','','468-revision-v1','','','2013-10-21 03:33:06','2013-10-21 03:33:06','',468,'http://www.prg-west.com/468-revision-v1/',0,'revision','',0),(520,1,'2013-10-21 03:34:17','2013-10-21 03:34:17','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]','<b>Leasing Platform</b>','','inherit','closed','open','','468-revision-v1','','','2013-10-21 03:34:17','2013-10-21 03:34:17','',468,'http://www.prg-west.com/468-revision-v1/',0,'revision','',0),(521,1,'2013-10-21 03:35:00','2013-10-21 03:35:00','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-10-21 03:35:00','2013-10-21 03:35:00','',479,'http://www.prg-west.com/479-revision-v1/',0,'revision','',0),(522,1,'2013-10-21 03:43:06','2013-10-21 03:43:06','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','inherit','closed','open','','493-revision-v1','','','2013-10-21 03:43:06','2013-10-21 03:43:06','',493,'http://www.prg-west.com/493-revision-v1/',0,'revision','',0),(523,2,'2013-10-21 18:15:18','2013-10-21 18:15:18','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]\r\n<div id=\"results\"><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.[/column]</div>\r\n<div>[/column-group]</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-21 18:15:18','2013-10-21 18:15:18','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(525,2,'2013-10-21 18:19:31','2013-10-21 18:19:31','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-21 18:19:31','2013-10-21 18:19:31','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(524,2,'2013-10-21 18:18:01','2013-10-21 18:18:01','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-21 18:18:01','2013-10-21 18:18:01','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(527,1,'2013-10-23 05:48:15','2013-10-23 05:48:15','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-23 05:48:15','2013-10-23 05:48:15','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(529,1,'2013-10-26 19:32:44','2013-10-26 19:32:44','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-10-26 19:32:44','2013-10-26 19:32:44','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(532,1,'2013-11-03 01:18:22','2013-11-03 01:18:22','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this <br /> intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-autosave-v1','','','2013-11-03 01:18:22','2013-11-03 01:18:22','',134,'http://www.prg-west.com/134-autosave-v1/',0,'revision','',0),(587,1,'2013-11-03 20:06:50','2013-11-03 20:06:50','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar. <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 20:06:50','2013-11-03 20:06:50','',134,'http://www.prg-west.com/134-revision-v1/',0,'revision','',0),(533,1,'2013-11-03 01:18:32','2013-11-03 01:18:32','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this <br /> intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 01:18:32','2013-11-03 01:18:32','',134,'http://www.prg-west.com/134-revision-v1/',0,'revision','',0),(586,1,'2013-11-03 20:06:08','2013-11-03 20:06:08','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.<br /><a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 20:06:08','2013-11-03 20:06:08','',134,'http://www.prg-west.com/134-revision-v1/',0,'revision','',0),(534,1,'2013-11-03 01:18:56','2013-11-03 01:18:56','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this <br /> intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.<br />  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 01:18:56','2013-11-03 01:18:56','',134,'http://www.prg-west.com/134-revision-v1/',0,'revision','',0),(535,1,'2013-11-03 01:19:09','2013-11-03 01:19:09','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this <br /> intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.<br /><a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 01:19:09','2013-11-03 01:19:09','',134,'http://www.prg-west.com/134-revision-v1/',0,'revision','',0),(538,1,'2013-11-03 01:31:38','2013-11-03 01:31:38','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />  Phone: 310-982-2800\r\n<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />  Fax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>  </span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-11-03 01:31:38','2013-11-03 01:31:38','',99,'http://www.prg-west.com/99-revision-v1/',0,'revision','',0),(536,1,'2013-11-03 01:29:59','2013-11-03 01:29:59','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<!--<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />-->  Phone: 310-982-2800\r\n<!--<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />-->  Fax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<!--<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>-->  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><!--<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>-->  </span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-11-03 01:29:59','2013-11-03 01:29:59','',99,'http://www.prg-west.com/99-revision-v1/',0,'revision','',0),(537,1,'2013-11-03 01:31:18','2013-11-03 01:31:18','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />  Phone: 310-982-2800\r\n<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />  Fax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><!--<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>  </span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-11-03 01:31:18','2013-11-03 01:31:18','',99,'http://www.prg-west.com/99-revision-v1/',0,'revision','',0),(542,1,'2013-11-03 19:10:53','2013-11-03 19:10:53','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with intense<br /> focus on “peak to trough” comparison and long term historical operating performance trends.</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions.</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional complexity or where management expertise can mitigate operating risks.</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:10:53','2013-11-03 19:10:53','',288,'http://www.prg-west.com/288-revision-v1/',0,'revision','',0),(543,1,'2013-11-03 19:21:12','2013-11-03 19:21:12','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\n\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive<br /> operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\n\nThe firm focuses on the following areas:\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\n• Hotels\n• Creative Assets</p>\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\n\n[tab_insert page=\"162\"]\n[tab_insert page=\"166\"]\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-autosave-v1','','','2013-11-03 19:21:12','2013-11-03 19:21:12','',27,'http://www.prg-west.com/27-autosave-v1/',0,'revision','',0),(545,1,'2013-11-03 19:19:09','2013-11-03 19:19:09','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive<br /> operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-03 19:19:09','2013-11-03 19:19:09','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(544,1,'2013-11-03 19:12:34','2013-11-03 19:12:34','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and<br /> managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these<br /> advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of underlying<br /> fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-03 19:12:34','2013-11-03 19:12:34','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(546,1,'2013-11-03 19:21:20','2013-11-03 19:21:20','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive<br /> operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of<br /> underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-03 19:21:20','2013-11-03 19:21:20','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(610,1,'2013-11-04 00:53:32','2013-11-04 00:53:32','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on<br /> opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of<br /> underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-04 00:53:32','2013-11-04 00:53:32','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(547,1,'2013-11-03 19:22:04','2013-11-03 19:22:04','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on<br /> opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive<br /> operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of<br /> underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-03 19:22:04','2013-11-03 19:22:04','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(548,1,'2013-11-03 19:23:05','2013-11-03 19:23:05','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with<br /> intense focus on “peak to trough” comparison and long term historical operating performance trends.</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions.</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional<br /> complexity or where management expertise can mitigate operating risks.</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:23:05','2013-11-03 19:23:05','',288,'http://www.prg-west.com/288-revision-v1/',0,'revision','',0),(551,1,'2013-11-03 19:29:45','2013-11-03 19:29:45','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with<br /> intense focus on “peak to trough” comparison and long term historical operating<br /> performance trends</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional<br /> complexity or where management expertise can mitigate operating risks</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:29:45','2013-11-03 19:29:45','',288,'http://www.prg-west.com/288-revision-v1/',0,'revision','',0),(549,1,'2013-11-03 19:23:23','2013-11-03 19:23:23','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with<br /> intense focus on “peak to trough” comparison and long term historical operating<br /> performance trends.</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions.</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional<br /> complexity or where management expertise can mitigate operating risks.</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:23:23','2013-11-03 19:23:23','',288,'http://www.prg-west.com/288-revision-v1/',0,'revision','',0),(641,1,'2013-11-06 05:21:11','2013-11-06 05:21:11','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against adverse economic conditions\r\n</span></li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths</li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-11-06 05:21:11','2013-11-06 05:21:11','',292,'http://www.prg-west.com/292-revision-v1/',0,'revision','',0),(550,1,'2013-11-03 19:23:53','2013-11-03 19:23:53','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost.\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against<br /> adverse economic conditions.\r\n</span></li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths.</li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-11-03 19:23:53','2013-11-03 19:23:53','',292,'http://www.prg-west.com/292-revision-v1/',0,'revision','',0),(553,1,'2013-11-03 19:31:05','2013-11-03 19:31:05','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against<br /> adverse economic conditions\r\n</span></li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths</li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-11-03 19:31:05','2013-11-03 19:31:05','',292,'http://www.prg-west.com/292-revision-v1/',0,'revision','',0),(554,1,'2013-11-03 19:31:39','2013-11-03 19:31:39','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-03 19:31:39','2013-11-03 19:31:39','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(555,1,'2013-11-03 19:32:54','2013-11-03 19:32:54','<p align=\"left\"><i>Director of Property Management and Partner</i></p>\r\n<p align=\"left\">Rene Franco joined PRG in 2011 and is Director of Property Management and a partner of the firm’s property management division.  Mr. Franco overseas all aspects of property management, including construction, tenant improvements, reporting, tenant relations and due diligence.</p>\r\n<p align=\"left\">From 2006-2011, Mr. Franco was an Operations Manager at Transwestern, formerly RREEF D/B Real Estate.  Mr. Franco was actively involved with operational strategic planning and implementation of operations for over 7 million square feet of industrial warehouse, office and R&amp;D space valued in excess of $1.3 billion.  He developed operations and capital budgets for over 26 business parks, and managed the procurement process of all aspects for large-scale construction projects by soliciting bids while ensuring proper vendor practice.</p>\r\n<p align=\"left\">Mr. Franco holds a Bachelor’s Degree in Business Management from the University of Phoenix and continues his education by being actively involved with industry associations, immersing himself in continued educational classes.  He is an active member and holds a position on the BOMA California State Board for the Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA).  Mr. Franco is also an active member of AIR Commercial Real Estate Association (AIR).</p>','Rene Franco','','inherit','closed','open','','129-revision-v1','','','2013-11-03 19:32:54','2013-11-03 19:32:54','',129,'http://www.prg-west.com/129-revision-v1/',0,'revision','',0),(556,1,'2013-11-03 19:33:58','2013-11-03 19:33:58','PRG’s predecessor company, Pacifica Capital Group, was founded in in 1982 and acquired, transacted and/or developed approximately 10 million square feet, in Southern California.   During the late 1990s, Pacifica began acquiring and developing a portfolio of industrial and office properties in Southern California.  Pacifica sold its industrial portfolio to First Industrial Realty Trust (NYSE: FR), which marked its entry into the Southern California market.  In the fourth quarter of 2005, Pacifica sold the remainder of its office and industrial $400 million portfolio, which totaled approximately 2 million square feet.\r\n\r\nFrom 2005-2008, the firm held a strong belief that much of the real estate market, particularly in Southern California, was severely overvalued. Pacifica profitably exited its most recent investments through a portfolio sale near the top of the market and chose to maintain its investment discipline and instead focus on fee-based projects while refraining from pursuing new acquisitions or developments. In doing so, the firm was able to successfully navigate through the aftermath of the real estate market’s crash.\r\n\r\nPacifica Capital Group invested its capital alongside both private and institutional investors.   Past investment partners have included Apollo Real Estate Advisors, CS First Boston, GMAC and GE Real Estate.\r\n\r\nSteven Ohren, Co-Founder of Pacifica Capital Group, was an inspiring visionary and regarded as one of the savviest investors in Southern California commercial real estate.  Sadly, Mr. Ohren passed away in 2008 shortly after the opening of the Colony Palms Hotel in Palm Springs.  Mr. Ohren accurately identified the renaissance of Palm Springs very early and was instrumental in creating the vision for the hotel.  The sale of Colony Palms Hotel in June 2012 represented the last asset in the Pacifica Capital Group portfolio, which was an opportune time to close the Pacifica Capital Group chapter.  However, Mr. Ohren’s legacy and guiding principles will be survived by PRG’s principals who were greatly influenced by him.','Background','','inherit','closed','open','','34-revision-v1','','','2013-11-03 19:33:58','2013-11-03 19:33:58','',34,'http://www.prg-west.com/34-revision-v1/',0,'revision','',0),(557,1,'2013-11-03 19:35:04','2013-11-03 19:35:04','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities wit the following characteristics:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-11-03 19:35:04','2013-11-03 19:35:04','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(558,1,'2013-11-03 19:37:06','2013-11-03 19:37:06','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-03 19:37:06','2013-11-03 19:37:06','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(559,1,'2013-11-03 19:38:39','2013-11-03 19:38:39','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/<br />industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in<br /> competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of<br /> relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization<br /> occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than<br /> proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial<br /> entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-03 19:38:39','2013-11-03 19:38:39','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(561,1,'2013-11-03 19:39:45','2013-11-03 19:39:45','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/<br />industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in<br /> competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers<br /> representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization<br /> occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than<br /> proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial<br /> entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-03 19:39:45','2013-11-03 19:39:45','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(560,1,'2013-11-03 19:39:11','2013-11-03 19:39:11','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/<br />industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in<br /> competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers<br /> representing these tenants, based on 14 years of<br /> relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization<br /> occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than<br /> proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial<br /> entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-03 19:39:11','2013-11-03 19:39:11','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(562,1,'2013-11-03 19:41:31','2013-11-03 19:41:31','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-11-03 19:41:31','2013-11-03 19:41:31','',479,'http://www.prg-west.com/479-revision-v1/',0,'revision','',0),(563,1,'2013-11-03 19:42:57','2013-11-03 19:42:57','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-03 19:42:57','2013-11-03 19:42:57','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(564,1,'2013-11-03 19:45:52','2013-11-03 19:45:52','&nbsp;\n\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriot collection.  <a href=\"http://www.piersouthresort.com\">www.piersouthresort.com</a>','Pier South','','inherit','closed','open','','247-autosave-v1','','','2013-11-03 19:45:52','2013-11-03 19:45:52','',247,'http://www.prg-west.com/247-autosave-v1/',0,'revision','',0),(565,1,'2013-11-03 19:49:26','2013-11-03 19:49:26','<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/piersouth.png\"><img class=\"alignnone size-medium wp-image-242\" alt=\"piersouth\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/piersouth2.jpg\" width=\"300\" height=\"168\" /></a>\r\n\r\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriot collection.  <a href=\"http://www.piersouthresort.com\">www.piersouthresort.com</a>','Pier South','','inherit','closed','open','','247-revision-v1','','','2013-11-03 19:49:26','2013-11-03 19:49:26','',247,'http://www.prg-west.com/247-revision-v1/',0,'revision','',0),(566,1,'2013-11-03 19:50:29','2013-11-03 19:50:29','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the Largest Flex <br />Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-11-03 19:50:29','2013-11-03 19:50:29','',484,'http://www.prg-west.com/484-revision-v1/',0,'revision','',0),(643,1,'2013-11-06 05:22:21','2013-11-06 05:22:21','<p align=\"center\"><b>Our Mission</b></p>\r\n\r\n<h3 style=\"text-align: center; font-weight: normal;\"><b><i>Invest in high quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></b></h3>\r\n&nbsp;\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-11-06 05:22:21','2013-11-06 05:22:21','',166,'http://www.prg-west.com/166-revision-v1/',0,'revision','',0),(567,1,'2013-11-03 19:52:41','2013-11-03 19:52:41','<p align=\"center\"><b>Our Mission</b></p>\r\n\r\n<h3 style=\"text-align: center; font-weight: normal;\"><b><i>Invest in high quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></b></h3>\r\n&nbsp;\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive<br /> advantages</li>\r\n</ol>','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-11-03 19:52:41','2013-11-03 19:52:41','',166,'http://www.prg-west.com/166-revision-v1/',0,'revision','',0),(568,1,'2013-11-03 19:53:31','2013-11-03 19:53:31','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet<br /> interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of<br /> seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-03 19:53:31','2013-11-03 19:53:31','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(569,1,'2013-11-03 19:53:49','2013-11-03 19:53:49','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet<br /> interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels.<br /> Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of<br /> seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-03 19:53:49','2013-11-03 19:53:49','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(570,1,'2013-11-03 19:54:09','2013-11-03 19:54:09','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet<br /> interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels.<br /> Furthermore, historically industrial areas gentrify into creative office hubs which pushes<br /> industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of<br /> seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-03 19:54:09','2013-11-03 19:54:09','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(571,1,'2013-11-03 19:56:00','2013-11-03 19:56:00','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:56:00','2013-11-03 19:56:00','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(572,1,'2013-11-03 19:57:22','2013-11-03 19:57:22','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a<br /> Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest<br /> transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:57:22','2013-11-03 19:57:22','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(573,1,'2013-11-03 19:57:49','2013-11-03 19:57:49','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a<br /> Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford<br /> currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest<br /> transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:57:49','2013-11-03 19:57:49','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(574,1,'2013-11-03 19:58:20','2013-11-03 19:58:20','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a<br /> Managing Principal of the firm which acquired over $400 million in the United States with<br /> investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest<br /> transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:58:20','2013-11-03 19:58:20','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(621,1,'2013-11-06 00:08:21','2013-11-06 00:08:21','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-06 00:08:21','2013-11-06 00:08:21','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(575,1,'2013-11-03 19:58:36','2013-11-03 19:58:36','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a<br /> Managing Principal of the firm which acquired over $400 million in the United States with<br /> investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr.<br /> Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest<br /> transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:58:36','2013-11-03 19:58:36','',115,'http://www.prg-west.com/115-revision-v1/',0,'revision','',0),(622,1,'2013-11-06 00:08:54','2013-11-06 00:08:54','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">Clifford (“Kip”) Lord joined the predecessor company, Pacifica Capital Group, in 1995 and was actively involved as a lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>\r\n<p align=\"left\">In 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000 and 2008.  Mr. Lord continues to serve as Managing Partner and oversee the real estate and private equity interests in Europe.</p>\r\n<p align=\"left\">In 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. sold the franchise rights to Yum Brands in 2007.</p>\r\n<p align=\"left\">Mr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.</p>\r\n<p align=\"left\">Mr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.</p>','Clifford W. Lord','','inherit','closed','open','','123-revision-v1','','','2013-11-06 00:08:54','2013-11-06 00:08:54','',123,'http://www.prg-west.com/123-revision-v1/',0,'revision','',0),(576,1,'2013-11-03 19:59:15','2013-11-03 19:59:15','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">Clifford (“Kip”) Lord joined the predecessor company, Pacifica Capital Group, in 1995 and was<br /> actively involved as a lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>\r\n<p align=\"left\">In 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in<br /> industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000 and 2008.  Mr. Lord continues to serve as Managing Partner and oversee the real estate and private equity interests in Europe.</p>\r\n<p align=\"left\">In 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. sold the franchise rights to Yum Brands in 2007.</p>\r\n<p align=\"left\">Mr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.</p>\r\n<p align=\"left\">Mr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.</p>','Clifford W. Lord','','inherit','closed','open','','123-revision-v1','','','2013-11-03 19:59:15','2013-11-03 19:59:15','',123,'http://www.prg-west.com/123-revision-v1/',0,'revision','',0),(623,1,'2013-11-06 00:09:26','2013-11-06 00:09:26','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">David Dittmer joined Pacifica Capital Group in 2005 and was actively involved in the development and operation of the Colony Palms Hotel in Palm Springs, California.  He possesses extensive experience within the boutique hotel sector.</p>\r\n<p align=\"left\">Under the late Steven Ohren’s leadership, Mr. Dittmer was engaged during the construction and opening phases.  Shortly after the Colony Palms’ full opening in early 2008, Mr. Dittmer was appointed General Manager of the property and became employed by the hotel.  Under Mr. Dittmer’s General Management leadership, Colony Palms Hotel established worldwide prominence including accolades such as Worldwide “Hot List” status by Condé Nast and comparable status by Travel + Leisure Magazine.  In addition, Mr. Dittmer was instrumental in developing the Colony Palms’ yield management strategies and principles, resulting in superior performance relative to the national boutique sector. Despite a limited room count, Mr. Dittmer’s deep focus on the fundamental economics in hospitality management resulted in the Colony Palms Hotel surpassing national averages in key profitability metrics.</p>\r\n<p align=\"left\">Mr. Dittmer joined PRG in August 2013.  He graduated from UC Berkeley with a B.A. in Legal Studies and was Valedictorian of the department. He received Highest Honors from the University and was also nominated to Phi Beta Kappa.</p>\r\n<em> </em>','David Dittmer','','inherit','closed','open','','126-revision-v1','','','2013-11-06 00:09:26','2013-11-06 00:09:26','',126,'http://www.prg-west.com/126-revision-v1/',0,'revision','',0),(577,1,'2013-11-03 20:00:18','2013-11-03 20:00:18','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">David Dittmer joined Pacifica Capital Group in 2005 and was actively involved in the development and operation of the Colony Palms Hotel in Palm Springs, California.  He possesses extensive<br /> experience within the boutique hotel sector.</p>\r\n<p align=\"left\">Under the late Steven Ohren’s leadership, Mr. Dittmer was engaged during the construction and opening phases.  Shortly after the Colony Palms’ full opening in early 2008, Mr. Dittmer was appointed General Manager of the property and became employed by the hotel.  Under Mr. Dittmer’s General Management leadership, Colony Palms Hotel established worldwide prominence including accolades such as Worldwide “Hot List” status by Condé Nast and comparable status by Travel + Leisure Magazine.  In addition, Mr. Dittmer was instrumental in developing the Colony Palms’ yield management strategies and principles, resulting in superior performance relative to the national<br /> boutique sector. Despite a limited room count, Mr. Dittmer’s deep focus on the fundamental economics in hospitality management resulted in the Colony Palms Hotel surpassing national averages in key profitability metrics.</p>\r\n<p align=\"left\">Mr. Dittmer joined PRG in August 2013.  He graduated from UC Berkeley with a B.A. in Legal<br /> Studies and was Valedictorian of the department. He received Highest Honors from the University and was also nominated to Phi Beta Kappa.</p>\r\n<em> </em>','David Dittmer','','inherit','closed','open','','126-revision-v1','','','2013-11-03 20:00:18','2013-11-03 20:00:18','',126,'http://www.prg-west.com/126-revision-v1/',0,'revision','',0),(624,1,'2013-11-06 00:09:47','2013-11-06 00:09:47','<p align=\"left\"><i>Director of Property Management and Partner</i></p>\r\n<p align=\"left\">Rene Franco joined PRG in 2011 and is Director of Property Management and a partner of the firm’s property management division.  Mr. Franco overseas all aspects of property management, including construction, tenant improvements, reporting, tenant relations and due diligence.</p>\r\n<p align=\"left\">From 2006-2011, Mr. Franco was an Operations Manager at Transwestern, formerly RREEF D/B Real Estate.  Mr. Franco was actively involved with operational strategic planning and implementation of operations for over 7 million square feet of industrial warehouse, office and R&amp;D space valued in excess of $1.3 billion.  He developed operations and capital budgets for over 26 business parks, and managed the procurement process of all aspects for large-scale construction projects by soliciting bids while ensuring proper vendor practice.</p>\r\n<p align=\"left\">Mr. Franco holds a Bachelor’s Degree in Business Management from the University of Phoenix and continues his education by being actively involved with industry associations, immersing himself in continued educational classes.  He is an active member and holds a position on the BOMA California State Board for the Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA).  Mr. Franco is also an active member of AIR Commercial Real Estate Association (AIR).</p>','Rene Franco','','inherit','closed','open','','129-revision-v1','','','2013-11-06 00:09:47','2013-11-06 00:09:47','',129,'http://www.prg-west.com/129-revision-v1/',0,'revision','',0),(578,1,'2013-11-03 20:00:59','2013-11-03 20:00:59','<p align=\"left\"><i>Director of Property Management and Partner</i></p>\r\n<p align=\"left\">Rene Franco joined PRG in 2011 and is Director of Property Management and a partner of the firm’s property management division.  Mr. Franco overseas all aspects of property management, including construction, tenant improvements, reporting, tenant relations and due diligence.</p>\r\n<p align=\"left\">From 2006-2011, Mr. Franco was an Operations Manager at Transwestern, formerly RREEF D/B Real Estate.  Mr. Franco was actively involved with operational strategic planning and implementation of operations for over 7 million square feet of industrial warehouse, office and R&amp;D space valued in<br /> excess of $1.3 billion.  He developed operations and capital budgets for over 26 business parks, and managed the procurement process of all aspects for large-scale construction projects by soliciting bids while ensuring proper vendor practice.</p>\r\n<p align=\"left\">Mr. Franco holds a Bachelor’s Degree in Business Management from the University of Phoenix and continues his education by being actively involved with industry associations, immersing himself in continued educational classes.  He is an active member and holds a position on the BOMA California State Board for the Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA).  Mr. Franco is also an active member of AIR Commercial Real Estate Association (AIR).</p>','Rene Franco','','inherit','closed','open','','129-revision-v1','','','2013-11-03 20:00:59','2013-11-03 20:00:59','',129,'http://www.prg-west.com/129-revision-v1/',0,'revision','',0),(625,1,'2013-11-06 00:10:08','2013-11-06 00:10:08','<p align=\"left\"><i>Vice President</i></p>\r\n<p align=\"left\">Craig Johnson joined PRG’s predecessor company and advisory group in 1984. He has over 30 years of expertise in commercial office and industrial real estate with an emphasis on the West Los Angeles to LAX submarkets.</p>\r\n<p align=\"left\">Mr. Johnson was active in Pacifica Capital Group’s 1990s acquisition cycle and possesses significant experience in real estate investment and analysis. In addition, he has represented major corporations including Direct TV, Target and Extra Space Management.</p>\r\n<p align=\"left\">Mr. Johnson graduated from University of California at Los Angeles with a Bachelors of Arts degree in History and Economics. He is a past president of the AIR Commercial Real Estate Association.</p>\r\n<em> </em>','Craig Johnson','','inherit','closed','open','','357-revision-v1','','','2013-11-06 00:10:08','2013-11-06 00:10:08','',357,'http://www.prg-west.com/357-revision-v1/',0,'revision','',0),(579,1,'2013-11-03 20:01:32','2013-11-03 20:01:32','<p align=\"left\"><i>Vice President</i></p>\r\n<p align=\"left\">Craig Johnson joined PRG’s predecessor company and advisory group in 1984. He has over 30 years of expertise in commercial office and industrial real estate with an emphasis on the West Los<br /> Angeles to LAX submarkets.</p>\r\n<p align=\"left\">Mr. Johnson was active in Pacifica Capital Group’s 1990s acquisition cycle and possesses significant experience in real estate investment and analysis. In addition, he has represented major corporations including Direct TV, Target and Extra Space Management.</p>\r\n<p align=\"left\">Mr. Johnson graduated from University of California at Los Angeles with a Bachelors of Arts degree in History and Economics. He is a past president of the AIR Commercial Real Estate Association.</p>\r\n<em> </em>','Craig Johnson','','inherit','closed','open','','357-revision-v1','','','2013-11-03 20:01:32','2013-11-03 20:01:32','',357,'http://www.prg-west.com/357-revision-v1/',0,'revision','',0),(580,1,'2013-11-03 20:02:29','2013-11-03 20:02:29','PRG’s predecessor company, Pacifica Capital Group, was founded in in 1982 and acquired, transacted and/or developed approximately 10 million square feet, in Southern California.   During the late 1990s, Pacifica began acquiring and developing a portfolio of industrial and office properties in Southern California.  Pacifica sold its industrial portfolio to First Industrial Realty Trust (NYSE: FR), which marked its entry into the Southern California market.  In the fourth quarter of 2005, Pacifica sold the remainder of its office and industrial $400 million portfolio, which totaled approximately 2 million square feet.\r\n\r\nFrom 2005-2008, the firm held a strong belief that much of the real estate market, particularly in Southern California, was severely overvalued. Pacifica profitably exited its most recent investments through a portfolio sale near the top of the market and chose to maintain its investment discipline and instead focus on fee-based projects while refraining from pursuing new acquisitions or<br /> developments. In doing so, the firm was able to successfully navigate through the aftermath of the real estate market’s crash.\r\n\r\nPacifica Capital Group invested its capital alongside both private and institutional investors.   Past<br /> investment partners have included Apollo Real Estate Advisors, CS First Boston, GMAC and GE Real Estate.\r\n\r\nSteven Ohren, Co-Founder of Pacifica Capital Group, was an inspiring visionary and regarded as one of the savviest investors in Southern California commercial real estate.  Sadly, Mr. Ohren passed away in 2008 shortly after the opening of the Colony Palms Hotel in Palm Springs.  Mr. Ohren accurately identified the renaissance of Palm Springs very early and was instrumental in creating the<br /> vision for the hotel.  The sale of Colony Palms Hotel in June 2012 represented the last asset in the Pacifica Capital Group portfolio, which was an opportune time to close the Pacifica Capital Group chapter.  However, Mr. Ohren’s legacy and guiding principles will be survived by PRG’s principals who were greatly influenced by him.','Background','','inherit','closed','open','','34-revision-v1','','','2013-11-03 20:02:29','2013-11-03 20:02:29','',34,'http://www.prg-west.com/34-revision-v1/',0,'revision','',0),(639,1,'2013-11-06 05:19:12','2013-11-06 05:19:12','PRG’s predecessor company, Pacifica Capital Group, was founded in in 1982 and acquired, transacted and/or developed approximately 10 million square feet, in Southern California.   During the late 1990s, Pacifica began acquiring and developing a portfolio of industrial and office properties in Southern California.  Pacifica sold its industrial portfolio to First Industrial Realty Trust (NYSE: FR), which marked its entry into the Southern California market.  In the fourth quarter of 2005, Pacifica sold the remainder of its office and industrial $400 million portfolio, which totaled approximately 2 million square feet.\r\n\r\nFrom 2005-2008, the firm held a strong belief that much of the real estate market, particularly in Southern California, was severely overvalued. Pacifica profitably exited its most recent investments through a portfolio sale near the top of the market and chose to maintain its investment discipline and instead focus on fee-based projects while refraining from pursuing new acquisitions or developments. In doing so, the firm was able to successfully navigate through the aftermath of the real estate market’s crash.\r\n\r\nPacifica Capital Group invested its capital alongside both private and institutional investors.   Past investment partners have included Apollo Real Estate Advisors, CS First Boston, GMAC and GE Real Estate.\r\n\r\nSteven Ohren, Co-Founder of Pacifica Capital Group, was an inspiring visionary and regarded as one of the savviest investors in Southern California commercial real estate.  Sadly, Mr. Ohren passed away in 2008 shortly after the opening of the Colony Palms Hotel in Palm Springs.  Mr. Ohren accurately identified the renaissance of Palm Springs very early and was instrumental in creating the vision for the hotel.  The sale of Colony Palms Hotel in June 2012 represented the last asset in the Pacifica Capital Group portfolio, which was an opportune time to close the Pacifica Capital Group chapter.  However, Mr. Ohren’s legacy and guiding principles will be survived by PRG’s principals who were greatly influenced by him.','Background','','inherit','closed','open','','34-revision-v1','','','2013-11-06 05:19:12','2013-11-06 05:19:12','',34,'http://www.prg-west.com/34-revision-v1/',0,'revision','',0),(581,1,'2013-11-03 20:02:47','2013-11-03 20:02:47','PRG’s predecessor company, Pacifica Capital Group, was founded in in 1982 and acquired, transacted and/or developed approximately 10 million square feet, in Southern California.   During the late 1990s, Pacifica began acquiring and developing a portfolio of industrial and office properties in Southern California.  Pacifica sold its industrial portfolio to First Industrial Realty Trust (NYSE: FR), which marked its entry into the Southern California market.  In the fourth quarter of 2005, Pacifica sold the remainder of its office and industrial $400 million portfolio, which totaled approximately 2 million square feet.\r\n\r\nFrom 2005-2008, the firm held a strong belief that much of the real estate market, particularly in Southern California, was severely overvalued. Pacifica profitably exited its most recent investments through a portfolio sale near the top of the market and chose to maintain its investment discipline and instead focus on fee-based projects while refraining from pursuing new acquisitions or<br /> developments. In doing so, the firm was able to successfully navigate through the aftermath of the real estate market’s crash.\r\n\r\nPacifica Capital Group invested its capital alongside both private and institutional investors.   Past<br /> investment partners have included Apollo Real Estate Advisors, CS First Boston, GMAC and GE Real Estate.\r\n\r\nSteven Ohren, Co-Founder of Pacifica Capital Group, was an inspiring visionary and regarded as one of the savviest investors in Southern California commercial real estate.  Sadly, Mr. Ohren passed away in 2008 shortly after the opening of the Colony Palms Hotel in Palm Springs.  Mr. Ohren<br /> accurately identified the renaissance of Palm Springs very early and was instrumental in creating the<br /> vision for the hotel.  The sale of Colony Palms Hotel in June 2012 represented the last asset in the Pacifica Capital Group portfolio, which was an opportune time to close the Pacifica Capital Group chapter.  However, Mr. Ohren’s legacy and guiding principles will be survived by PRG’s principals who were greatly influenced by him.','Background','','inherit','closed','open','','34-revision-v1','','','2013-11-03 20:02:47','2013-11-03 20:02:47','',34,'http://www.prg-west.com/34-revision-v1/',0,'revision','',0),(582,1,'2013-11-03 20:03:45','2013-11-03 20:03:45','<p></p>\r\n[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES-After acquiring the <strong>Laurel Park Commerce Center</strong> via short sales at 50% discount to the note value last year, <strong>PRG</strong> has exclusively told GlobeSt.com the business park<br /> property is now 98% leased.  <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-11-03 20:03:45','2013-11-03 20:03:45','',427,'http://www.prg-west.com/427-revision-v1/',0,'revision','',0),(583,1,'2013-11-03 20:04:03','2013-11-03 20:04:03','<p></p>\r\n[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES-After acquiring the <strong>Laurel Park Commerce Center</strong> via short sales at 50%<br /> discount to the note value last year, <strong>PRG</strong> has exclusively told GlobeSt.com the business park property is now 98% leased.  <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-11-03 20:04:03','2013-11-03 20:04:03','',427,'http://www.prg-west.com/427-revision-v1/',0,'revision','',0),(584,1,'2013-11-03 20:05:07','2013-11-03 20:05:07','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and<br /> professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious<br /> boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to<br /> outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong></em>\r\n[column-group]\r\n[column]<img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/FourSeason-icon150.jpg\" width=\"150\" height=\"78\" />[/column]\r\n[column span=\"3\"]-Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer[/column][/column-group]</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-11-03 20:05:07','2013-11-03 20:05:07','',42,'http://www.prg-west.com/42-revision-v1/',0,'revision','',0),(626,1,'2013-11-06 05:10:33','2013-11-06 05:10:33','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong></em>\r\n[column-group]\r\n[column]<img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/FourSeason-icon150.jpg\" width=\"150\" height=\"78\" />[/column]\r\n[column span=\"3\"]-Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer[/column][/column-group]</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-11-06 05:10:33','2013-11-06 05:10:33','',42,'http://www.prg-west.com/42-revision-v1/',0,'revision','',0),(585,1,'2013-11-03 20:05:31','2013-11-03 20:05:31','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and<br /> professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the<br /> management company for the asset, the Colony Palms was recognized as one of the most prestigious<br /> boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to<br /> outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong></em>\r\n[column-group]\r\n[column]<img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/FourSeason-icon150.jpg\" width=\"150\" height=\"78\" />[/column]\r\n[column span=\"3\"]-Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer[/column][/column-group]</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-11-03 20:05:31','2013-11-03 20:05:31','',42,'http://www.prg-west.com/42-revision-v1/',0,'revision','',0),(588,1,'2013-11-03 20:07:14','2013-11-03 20:07:14','<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/piersouth.png\"><img class=\"alignnone size-medium wp-image-242\" alt=\"piersouth\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/piersouth2.jpg\" width=\"300\" height=\"168\" /></a>\r\n\r\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriot<br /> collection.  <a href=\"http://www.piersouthresort.com\">www.piersouthresort.com</a>','Pier South','','inherit','closed','open','','247-revision-v1','','','2013-11-03 20:07:14','2013-11-03 20:07:14','',247,'http://www.prg-west.com/247-revision-v1/',0,'revision','',0),(589,1,'2013-11-03 20:07:44','2013-11-03 20:07:44','<strong><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/alcazar.png\"><img class=\"alignnone size-medium wp-image-241\" alt=\"alcazar\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/alcazar-300x168.png\" width=\"300\" height=\"168\" /></a> </strong>\r\n\r\nThe hotel was acquired via bankruptcy in 2010 and was profitably operated under its prior name for 14 months.  The Alcazar was rebranded and introduced to the market as an eclectic boutique hotel in the Uptown (Design District) in Palm Springs.   <a href=\"http://www.alcazarpalmsprings.com/\">www.alcazarpalmsprings.com</a>','The Alcazar','','inherit','closed','open','','136-revision-v1','','','2013-11-03 20:07:44','2013-11-03 20:07:44','',136,'http://www.prg-west.com/136-revision-v1/',0,'revision','',0),(590,1,'2013-11-03 20:08:22','2013-11-03 20:08:22','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/sucasa.png\"><img class=\"alignnone size-medium wp-image-243\" alt=\"sucasa\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/sucasa-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nLocated on the boardwalk in Venice, California with spectacular ocean views, this boutique hotel is in the middle of a repositioning as the preferred boutique hotel for creative types and<br /> international travelers seeking an urban eclectic experience. <a href=\"http://www.sucasavenice.com/\">www.sucasavenice.com</a>','Su Casa Venice Beach','','inherit','closed','open','','138-revision-v1','','','2013-11-03 20:08:22','2013-11-03 20:08:22','',138,'http://www.prg-west.com/138-revision-v1/',0,'revision','',0),(591,1,'2013-11-03 20:09:21','2013-11-03 20:09:21','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and<br /> management of industrial properties and strong track record of success in Southern<br /> California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm<br /> focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities wit the following characteristics:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-11-03 20:09:21','2013-11-03 20:09:21','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(592,1,'2013-11-03 20:09:37','2013-11-03 20:09:37','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and<br /> management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm<br /> focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities wit the following characteristics:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-11-03 20:09:37','2013-11-03 20:09:37','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(630,1,'2013-11-06 05:12:41','2013-11-06 05:12:41','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]','<b>Leasing Platform</b>','','inherit','closed','open','','468-revision-v1','','','2013-11-06 05:12:41','2013-11-06 05:12:41','',468,'http://www.prg-west.com/468-revision-v1/',0,'revision','',0),(593,1,'2013-11-03 20:10:25','2013-11-03 20:10:25','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative<br /> office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and<br /> executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]','<b>Leasing Platform</b>','','inherit','closed','open','','468-revision-v1','','','2013-11-03 20:10:25','2013-11-03 20:10:25','',468,'http://www.prg-west.com/468-revision-v1/',0,'revision','',0),(594,1,'2013-11-03 20:11:26','2013-11-03 20:11:26','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and<br /> execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-11-03 20:11:26','2013-11-03 20:11:26','',479,'http://www.prg-west.com/479-revision-v1/',0,'revision','',0),(595,1,'2013-11-03 20:11:47','2013-11-03 20:11:47','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and<br /> execution of a branding campaign. The results include superior operational property<br /> performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-11-03 20:11:47','2013-11-03 20:11:47','',479,'http://www.prg-west.com/479-revision-v1/',0,'revision','',0),(596,1,'2013-11-03 20:12:45','2013-11-03 20:12:45','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the<br /> marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the Largest<br /> Flex Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-11-03 20:12:45','2013-11-03 20:12:45','',484,'http://www.prg-west.com/484-revision-v1/',0,'revision','',0),(634,1,'2013-11-06 05:15:43','2013-11-06 05:15:43','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the<br /> Largest Flex Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-11-06 05:15:43','2013-11-06 05:15:43','',484,'http://www.prg-west.com/484-revision-v1/',0,'revision','',0),(597,1,'2013-11-03 20:13:16','2013-11-03 20:13:16','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the<br /> marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The<br /> results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the<br /> Largest Flex Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-11-03 20:13:16','2013-11-03 20:13:16','',484,'http://www.prg-west.com/484-revision-v1/',0,'revision','',0),(598,1,'2013-11-03 20:13:49','2013-11-03 20:13:49','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the<br /> marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and<br /> entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the<br /> Largest Flex Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-11-03 20:13:49','2013-11-03 20:13:49','',484,'http://www.prg-west.com/484-revision-v1/',0,'revision','',0),(599,1,'2013-11-03 20:14:46','2013-11-03 20:14:46','<strong>Project: 220 Manville Ave., Compton, California</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/first_industrial_logo.jpg\" /> (NYSE: FR)\r\n\r\nIn 2007, Shuford represented First Industrial Realty Trust (NYSE: FR) on a major<br /> redevelopment and repositioning of a 155,000 sq. ft. industrial building.  The value-add strategy involved strategic negotiation and lease renewal of  FedEx (NYSE: FDX) for a portion of the building, substantially repositioning the property to cure functional obsolescence and then re-introducing the property to market.  The result was the largest industrial transaction in the South Bay (Los Angeles) in 2007 for $22.6 million, which was a record high price per square foot.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Largest Industrial Transaction<br /> of 2007 ','','inherit','closed','open','','488-revision-v1','','','2013-11-03 20:14:46','2013-11-03 20:14:46','',488,'http://www.prg-west.com/488-revision-v1/',0,'revision','',0),(600,1,'2013-11-03 20:15:34','2013-11-03 20:15:34','Creative assets are a key focal area due to the emerging demand for creative office space among<br /> entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-11-03 20:15:34','2013-11-03 20:15:34','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(601,1,'2013-11-03 20:15:48','2013-11-03 20:15:48','Creative assets are a key focal area due to the emerging demand for creative office space among<br /> entertainment and technology firms combined with PRG’s understanding of these assets from an<br /> advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-11-03 20:15:48','2013-11-03 20:15:48','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(602,1,'2013-11-03 20:16:00','2013-11-03 20:16:00','Creative assets are a key focal area due to the emerging demand for creative office space among<br /> entertainment and technology firms combined with PRG’s understanding of these assets from an<br /> advisory capacity.  The firm has very strong relationships within both the entertainment and<br /> technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-11-03 20:16:00','2013-11-03 20:16:00','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(635,1,'2013-11-06 05:16:45','2013-11-06 05:16:45','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-11-06 05:16:45','2013-11-06 05:16:45','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(603,1,'2013-11-03 20:16:13','2013-11-03 20:16:13','Creative assets are a key focal area due to the emerging demand for creative office space among<br /> entertainment and technology firms combined with PRG’s understanding of these assets from an<br /> advisory capacity.  The firm has very strong relationships within both the entertainment and<br /> technology industries which provides a key advantage in considering investment properties and<br /> locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prg-west.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-11-03 20:16:13','2013-11-03 20:16:13','',46,'http://www.prg-west.com/46-revision-v1/',0,'revision','',0),(604,1,'2013-11-03 20:17:10','2013-11-03 20:17:10','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft.,<br /> representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location<br /> provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-11-03 20:17:10','2013-11-03 20:17:10','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(637,1,'2013-11-06 05:17:54','2013-11-06 05:17:54','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-11-06 05:17:54','2013-11-06 05:17:54','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(605,1,'2013-11-03 20:17:31','2013-11-03 20:17:31','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft.,<br /> representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location<br /> provides opportunity to improve and<br /> modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-11-03 20:17:31','2013-11-03 20:17:31','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(606,1,'2013-11-03 20:18:16','2013-11-03 20:18:16','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative<br /> office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and<br /> executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','inherit','closed','open','','493-revision-v1','','','2013-11-03 20:18:16','2013-11-03 20:18:16','',493,'http://www.prg-west.com/493-revision-v1/',0,'revision','',0),(607,1,'2013-11-03 20:19:15','2013-11-03 20:19:15','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading <br /> loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.\r\n\r\nFull Case Study Coming Soon','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative <br /> Office in Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-11-03 20:19:15','2013-11-03 20:19:15','',497,'http://www.prg-west.com/497-revision-v1/',0,'revision','',0),(638,1,'2013-11-06 05:18:28','2013-11-06 05:18:28','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.\r\n\r\nFull Case Study Coming Soon','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative <br /> Office in Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-11-06 05:18:28','2013-11-06 05:18:28','',497,'http://www.prg-west.com/497-revision-v1/',0,'revision','',0),(608,1,'2013-11-03 20:19:40','2013-11-03 20:19:40','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for <br /> creative office space. In addition, the largest mobile automotive battery retailer and a leading <br /> loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.\r\n\r\nFull Case Study Coming Soon','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative <br /> Office in Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-11-03 20:19:40','2013-11-03 20:19:40','',497,'http://www.prg-west.com/497-revision-v1/',0,'revision','',0),(620,1,'2013-11-06 00:06:16','2013-11-06 00:06:16','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends. Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-06 00:06:16','2013-11-06 00:06:16','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(611,1,'2013-11-04 00:53:52','2013-11-04 00:53:52','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on<br /> opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive operating<br /> advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of<br /> underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-04 00:53:52','2013-11-04 00:53:52','',27,'http://www.prg-west.com/27-revision-v1/',0,'revision','',0),(612,1,'2013-11-04 00:54:47','2013-11-04 00:54:47','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]</div>\r\n\r\n','Investment Philosophy','','inherit','closed','open','','162-revision-v1','','','2013-11-04 00:54:47','2013-11-04 00:54:47','',162,'http://www.prg-west.com/162-revision-v1/',0,'revision','',0),(613,1,'2013-11-04 00:58:32','2013-11-04 00:58:32','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size=14pt;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-04 00:58:32','2013-11-04 00:58:32','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(614,1,'2013-11-04 00:58:47','2013-11-04 00:58:47','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size=16pt;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-04 00:58:47','2013-11-04 00:58:47','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(615,1,'2013-11-04 01:00:06','2013-11-04 01:00:06','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size=16px;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-04 01:00:06','2013-11-04 01:00:06','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(616,1,'2013-11-04 01:02:15','2013-11-04 01:02:15','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size:16pt;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-04 01:02:15','2013-11-04 01:02:15','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(617,1,'2013-11-04 01:02:30','2013-11-04 01:02:30','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size:14pt;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-04 01:02:30','2013-11-04 01:02:30','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(618,1,'2013-11-04 01:02:48','2013-11-04 01:02:48','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-04 01:02:48','2013-11-04 01:02:48','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(619,1,'2013-11-04 01:03:51','2013-11-04 01:03:51','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000; font-size:12pt;\"> Hotels</span>\r\n<span style=\"color: #000000; font-size:12pt;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000; font-size:12pt;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000; font-size:12pt;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000; font-size:12pt;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000; font-size:12pt;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000; font-size:12pt;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000; font-size:12pt;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-04 01:03:51','2013-11-04 01:03:51','',13,'http://www.prg-west.com/13-revision-v1/',0,'revision','',0),(627,1,'2013-11-06 05:11:17','2013-11-06 05:11:17','<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/piersouth.png\"><img class=\"alignnone size-medium wp-image-242\" alt=\"piersouth\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/piersouth2.jpg\" width=\"300\" height=\"168\" /></a>\r\n\r\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriot collection.  <a href=\"http://www.piersouthresort.com\">www.piersouthresort.com</a>','Pier South','','inherit','closed','open','','247-revision-v1','','','2013-11-06 05:11:17','2013-11-06 05:11:17','',247,'http://www.prg-west.com/247-revision-v1/',0,'revision','',0),(628,1,'2013-11-06 05:11:39','2013-11-06 05:11:39','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/sucasa.png\"><img class=\"alignnone size-medium wp-image-243\" alt=\"sucasa\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/sucasa-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nLocated on the boardwalk in Venice, California with spectacular ocean views, this boutique hotel is in the middle of a repositioning as the preferred boutique hotel for creative types and international travelers seeking an urban eclectic experience. <a href=\"http://www.sucasavenice.com/\">www.sucasavenice.com</a>','Su Casa Venice Beach','','inherit','closed','open','','138-revision-v1','','','2013-11-06 05:11:39','2013-11-06 05:11:39','',138,'http://www.prg-west.com/138-revision-v1/',0,'revision','',0),(629,1,'2013-11-06 05:12:17','2013-11-06 05:12:17','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities wit the following characteristics:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-11-06 05:12:17','2013-11-06 05:12:17','',44,'http://www.prg-west.com/44-revision-v1/',0,'revision','',0),(631,1,'2013-11-06 05:13:29','2013-11-06 05:13:29','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-06 05:13:29','2013-11-06 05:13:29','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(632,1,'2013-11-06 05:14:08','2013-11-06 05:14:08','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-11-06 05:14:08','2013-11-06 05:14:08','',479,'http://www.prg-west.com/479-revision-v1/',0,'revision','',0),(633,1,'2013-11-06 05:15:02','2013-11-06 05:15:02','<strong>Project: 220 Manville Ave., Compton, California</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/first_industrial_logo.jpg\" /> (NYSE: FR)\r\n\r\nIn 2007, Shuford represented First Industrial Realty Trust (NYSE: FR) on a major redevelopment and repositioning of a 155,000 sq. ft. industrial building.  The value-add strategy involved strategic negotiation and lease renewal of  FedEx (NYSE: FDX) for a portion of the building, substantially repositioning the property to cure functional obsolescence and then re-introducing the property to market.  The result was the largest industrial transaction in the South Bay (Los Angeles) in 2007 for $22.6 million, which was a record high price per square foot.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Largest Industrial Transaction<br /> of 2007 ','','inherit','closed','open','','488-revision-v1','','','2013-11-06 05:15:02','2013-11-06 05:15:02','',488,'http://www.prg-west.com/488-revision-v1/',0,'revision','',0),(636,1,'2013-11-06 05:17:11','2013-11-06 05:17:11','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','inherit','closed','open','','493-revision-v1','','','2013-11-06 05:17:11','2013-11-06 05:17:11','',493,'http://www.prg-west.com/493-revision-v1/',0,'revision','',0),(640,1,'2013-11-06 05:20:39','2013-11-06 05:20:39','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with intense focus on “peak to trough” comparison and long term historical operating performance trends</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional complexity or where management expertise can mitigate operating risks</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-06 05:20:39','2013-11-06 05:20:39','',288,'http://www.prg-west.com/288-revision-v1/',0,'revision','',0),(642,1,'2013-11-06 05:21:47','2013-11-06 05:21:47','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-06 05:21:47','2013-11-06 05:21:47','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(644,1,'2013-11-06 05:22:59','2013-11-06 05:22:59','<p></p>\r\n[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES-After acquiring the <strong>Laurel Park Commerce Center</strong> via short sales at 50% discount to the note value last year, <strong>PRG</strong> has exclusively told GlobeSt.com the business park property is now 98% leased.  <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-11-06 05:22:59','2013-11-06 05:22:59','',427,'http://www.prg-west.com/427-revision-v1/',0,'revision','',0),(645,1,'2013-11-06 05:38:04','2013-11-06 05:38:04','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised of a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-06 05:38:04','2013-11-06 05:38:04','',220,'http://www.prg-west.com/220-revision-v1/',0,'revision','',0),(647,1,'2013-11-06 05:40:15','2013-11-06 05:40:15','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">Clifford (“Kip”) Lord joined the predecessor company, Pacifica Capital Group, in 1995 and was actively involved as a lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>\r\n<p align=\"left\">In 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000 and 2008.  Mr. Lord continues to serve as Managing Partner and oversees the real estate and private equity interests in Europe.</p>\r\n<p align=\"left\">In 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. Lord sold the franchise rights to Yum Brands in 2007.</p>\r\n<p align=\"left\">Mr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.</p>\r\n<p align=\"left\">Mr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.</p>','Clifford W. Lord','','inherit','closed','open','','123-revision-v1','','','2013-11-06 05:40:15','2013-11-06 05:40:15','',123,'http://www.prg-west.com/123-revision-v1/',0,'revision','',0),(648,1,'2013-11-06 05:41:05','2013-11-06 05:41:05','<p align=\"left\"><i>Vice President</i></p>\r\n<p align=\"left\">Craig Johnson joined PRG’s predecessor company and advisory group in 1984. He has over 30 years of expertise in commercial office and industrial real estate with an emphasis in the West Los Angeles to LAX submarkets.</p>\r\n<p align=\"left\">Mr. Johnson was active in Pacifica Capital Group’s 1990s acquisition cycle and possesses significant experience in real estate investment and analysis. In addition, he has represented major corporations including Direct TV, Target and Extra Space Management.</p>\r\n<p align=\"left\">Mr. Johnson graduated from University of California, Los Angeles with a Bachelors of Arts degree in History and Economics. He is a past president of the AIR Commercial Real Estate Association.</p>\r\n<em> </em>','Craig Johnson','','inherit','closed','open','','357-revision-v1','','','2013-11-06 05:41:05','2013-11-06 05:41:05','',357,'http://www.prg-west.com/357-revision-v1/',0,'revision','',0),(649,1,'2013-11-06 05:41:49','2013-11-06 05:41:50','PRG’s predecessor company, Pacifica Capital Group, was founded in 1982 and acquired, transacted and/or developed approximately 10 million square feet, in Southern California.   During the late 1990\'s, Pacifica began acquiring and developing a portfolio of industrial and office properties in Southern California.  Pacifica sold its industrial portfolio to First Industrial Realty Trust (NYSE: FR), which marked its entry into the Southern California market.  In the fourth quarter of 2005, Pacifica sold the remainder of its office and industrial $400 million portfolio, which totaled approximately 2 million square feet.\r\n\r\nFrom 2005-2008, the firm held a strong belief that much of the real estate market, particularly in Southern California, was severely overvalued. Pacifica profitably exited its most recent investments through a portfolio sale near the top of the market and chose to maintain its investment discipline and instead focus on fee-based projects while refraining from pursuing new acquisitions or developments. In doing so, the firm was able to successfully navigate through the aftermath of the real estate market’s crash.\r\n\r\nPacifica Capital Group invested its capital alongside both private and institutional investors.   Past investment partners have included Apollo Real Estate Advisors, CS First Boston, GMAC and GE Real Estate.\r\n\r\nSteven Ohren, Co-Founder of Pacifica Capital Group, was an inspiring visionary and regarded as one of the savviest investors in Southern California commercial real estate.  Sadly, Mr. Ohren passed away in 2008 shortly after the opening of the Colony Palms Hotel in Palm Springs.  Mr. Ohren accurately identified the renaissance of Palm Springs very early and was instrumental in creating the vision for the hotel.  The sale of Colony Palms Hotel in June 2012 represented the last asset in the Pacifica Capital Group portfolio, which was an opportune time to close the Pacifica Capital Group chapter.  However, Mr. Ohren’s legacy and guiding principles will be survived by PRG’s principals who were greatly influenced by him.','Background','','inherit','closed','open','','34-revision-v1','','','2013-11-06 05:41:49','2013-11-06 05:41:50','',34,'http://www.prg-west.com/34-revision-v1/',0,'revision','',0),(650,1,'2013-11-06 05:42:19','2013-11-06 05:42:19','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from the entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong></em>\r\n[column-group]\r\n[column]<img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/FourSeason-icon150.jpg\" width=\"150\" height=\"78\" />[/column]\r\n[column span=\"3\"]-Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer[/column][/column-group]</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-11-06 05:42:19','2013-11-06 05:42:19','',42,'http://www.prg-west.com/42-revision-v1/',0,'revision','',0),(651,1,'2013-11-06 05:42:40','2013-11-06 05:42:40','<strong><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/alcazar.png\"><img class=\"alignnone size-medium wp-image-241\" alt=\"alcazar\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/alcazar-300x168.png\" width=\"300\" height=\"168\" /></a> </strong>\r\n\r\nThe hotel was acquired via bankruptcy in 2010 and was profitably operated under its prior name for 14 months.  The Alcazar was rebranded and introduced to the market as an eclectic boutique hotel in the Uptown (Design District) of Palm Springs.   <a href=\"http://www.alcazarpalmsprings.com/\">www.alcazarpalmsprings.com</a>','The Alcazar','','inherit','closed','open','','136-revision-v1','','','2013-11-06 05:42:40','2013-11-06 05:42:40','',136,'http://www.prg-west.com/136-revision-v1/',0,'revision','',0),(652,1,'2013-11-06 05:43:04','2013-11-06 05:43:04','<b><a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/sucasa.png\"><img class=\"alignnone size-medium wp-image-243\" alt=\"sucasa\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/sucasa-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nLocated on the boardwalk in Venice, California with spectacular ocean views, this boutique hotel is in the middle of repositioning as the preferred boutique hotel for creative types and international travelers seeking an urban eclectic experience. <a href=\"http://www.sucasavenice.com/\">www.sucasavenice.com</a>','Su Casa Venice Beach','','inherit','closed','open','','138-revision-v1','','','2013-11-06 05:43:04','2013-11-06 05:43:04','',138,'http://www.prg-west.com/138-revision-v1/',0,'revision','',0),(654,1,'2013-11-06 05:47:36','2013-11-06 05:47:36','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with the plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired the business park via a short sale transaction at $78/sq. ft., representing a 50% discount to the outstanding loan balance\r\n•The Business Park was acquired via a friendly short sale transaction between borrower/seller and lender\r\n•The Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign directly to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-06 05:47:36','2013-11-06 05:47:36','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(655,1,'2013-11-06 05:48:14','2013-11-06 05:48:14','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: TRV), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','inherit','closed','open','','493-revision-v1','','','2013-11-06 05:48:14','2013-11-06 05:48:14','',493,'http://www.prg-west.com/493-revision-v1/',0,'revision','',0),(656,1,'2013-11-06 05:49:19','2013-11-06 05:49:19','<strong>Project: PS Business Parks- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the<br /> Largest Flex Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-11-06 05:49:19','2013-11-06 05:49:19','',484,'http://www.prg-west.com/484-revision-v1/',0,'revision','',0),(657,1,'2013-11-06 05:49:50','2013-11-06 05:49:50','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on a new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-11-06 05:49:50','2013-11-06 05:49:50','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(658,1,'2013-11-06 05:52:42','2013-11-06 05:52:42','<p></p>\r\n[column-group]\r\n[column]<a title=\"JV Pays Highest Per-Key Price for Colony Palms Hotel\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]PALM SPRINGS, CA- <strong>Pacifica Colony Palms, LLC</strong>, an affiliate of <strong>Pacifica Capital Group</strong>, has sold the <strong>Colony Palms Hotel</strong> for $15 million to a joint venture... <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','JV Pays Highest Per-Key Price for Colony Palms Hotel','','inherit','closed','open','','425-revision-v1','','','2013-11-06 05:52:42','2013-11-06 05:52:42','',425,'http://www.prg-west.com/425-revision-v1/',0,'revision','',0),(659,1,'2013-11-06 05:53:19','2013-11-06 05:53:19','<p></p>\r\n[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES, CA-After acquiring the <strong>Laurel Park Commerce Center</strong> via a short sale at 50% discount to the note value last year, <strong>PRG</strong> has exclusively told GlobeSt.com the business park property is now 98% leased.  <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-11-06 05:53:19','2013-11-06 05:53:19','',427,'http://www.prg-west.com/427-revision-v1/',0,'revision','',0),(660,1,'2013-11-07 05:14:57','2013-11-07 05:14:57','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with the plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired the business park via a short sale transaction at $78/sq. ft., representing a 50% discount to the outstanding loan balance\r\n•The Business Park was acquired via a friendly short sale transaction between borrower/seller and lender\r\n•The Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/LaurelPark300.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign directly to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-07 05:14:57','2013-11-07 05:14:57','',143,'http://www.prg-west.com/143-revision-v1/',0,'revision','',0),(661,1,'2013-11-07 05:16:05','2013-11-07 05:16:05','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,020 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prg-west.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on a new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-11-07 05:16:05','2013-11-07 05:16:05','',492,'http://www.prg-west.com/492-revision-v1/',0,'revision','',0),(662,1,'2013-11-07 05:19:27','2013-11-07 05:19:27','[column-group]\r\n[column]<a title=\"PRG Acquires West LA Retail Center and Embarks  on Value-Add Strategy\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/PressRelease-Centinela2013.pdf\" target=\"_blank\"><img alt=\"CPH\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/WestLA-retail.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]<b>West Los Angeles, CA:</b> PRG has acquired a multi-tenant retail building located ¼ mile south of the Santa Monica Airport in West Los Angeles in an off-market transaction for $264 per square foot... <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/PressRelease-Centinela2013.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','PRG Acquires West LA Retail Center and Embarks  on Value-Add Strategy','','publish','closed','open','','prg-acquires-west-la-retail-center-and-embarks-on-value-add-strategy','','','2013-11-07 18:46:07','2013-11-07 18:46:07','',0,'http://www.prg-west.com/?page_id=662',0,'page','',0),(663,1,'2013-11-07 05:19:08','2013-11-07 05:19:08','<b>West Los Angeles, CA:</b> PRG has acquired a multi-tenant retail building located ¼ mile south of the Santa Monica Airport in West Los Angeles in an off-market transaction for $264 per square foot.\r\nPRG Centinela, LLC, an affiliate of PRG, acquired the 10,200 square foot retail building located at 3511-3519 Centinela Ave., West Los Angeles for $2.6 million ($264 per square foot). At the time of purchase, the property was 100% leased to long term tenants with below market rents. The average size unit is 1,020 square feet and the property is parked at 3 spaces per 1,000 square feet.\r\n“This acquisition fits squarely into our strategy of acquiring well located properties with a value-add component. There is a significant shortage of small commercial units on the Westside. Our plan is to substantially improve and modernize the façade of the building to increase its desirability among tenants and customers. Nearly all of the existing tenants service the Santa Monica and West Los Angeles communities,” said Britten Shuford, President of PRG.','<strong>PRG Acquires West LA Retail Center and Embarks  on Value-Add Strategy</strong>','','inherit','closed','open','','662-revision-v1','','','2013-11-07 05:19:08','2013-11-07 05:19:08','',662,'http://www.prg-west.com/662-revision-v1/',0,'revision','',0),(664,1,'2013-11-07 05:20:42','2013-11-07 05:20:42','[column-group]\r\n[column]<a title=\"PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s &lt;i&gt;Revenge&lt;/i&gt; TV show, Rolled Alloys, and Club Assist\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/Press Release-PRG_Announces_New_Leases.pdf\" target=\"_blank\"><img alt=\"CPH\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Affiliate_advisory-news.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]<b>Los Angeles, CA:</b> PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions... <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/Press Release-PRG_Announces_New_Leases.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s <i>Revenge</i> TV show, Rolled Alloys, and Club Assist','','publish','closed','open','','prgs-affiliated-advisory-group-announces-new-leases-with-tesla-oracle-abcs-revenge-tv-show-rolled-alloys-and-club-assist','','','2013-11-07 18:47:49','2013-11-07 18:47:49','',0,'http://www.prg-west.com/?page_id=664',0,'page','',0),(665,1,'2013-11-07 05:20:42','2013-11-07 05:20:42','<b>Los Angeles, CA:</b>  PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions.\r\n\r\nTesla (NASDAQ: TSLA) leased a 30,000 square foot industrial building located at 5840 W. Centinela Ave., West Los Angeles.  The building will be used as a charging station for electronic cars.\r\n\r\nAn affiliate of Disney (NYSE: DIS) leased a 40,000 square foot industrial building at 2500 Santa Fe Ave., Redondo Beach.  The property is being used for film production for the ABC TV show ‘Revenge’.\r\n\r\nRolled Alloys, a privately held global specialty metals company in the aerospace industry, leased a 50,000 square foot building at 4942 W. Rosecrans Ave., Hawthorne, which is part of Travelers’ (NYSE: TRV) Oceangate Business Park.  Rolled Alloys had previously been located in El Segundo.  The prior tenant in the building was Marvel Entertainment that had occupied the building since 2008.\r\n\r\nOracle (NYSE: ORCL) leased 15,000 square feet of a larger industrial building, which has been partially converted to creative office, at 5750 Hannum Ave., Culver City.  Club Assist, the largest mobile automobile battery retailer in Australia, and Vortex, a leading roll-up door company, leased 14,000 square feet and 7,000 square feet respectively in the building.','<strong>PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s Revenge TV show, Rolled Alloys, and Club Assist</strong>','','inherit','closed','open','','664-revision-v1','','','2013-11-07 05:20:42','2013-11-07 05:20:42','',664,'http://www.prg-west.com/664-revision-v1/',0,'revision','',0),(666,1,'2013-11-07 05:21:49','2013-11-07 05:21:49','[section_insert page=\"662\"]\r\n\r\n[section_insert page=\"664\"]\r\n\r\n[section_insert page=\"425\"]\r\n\r\n[section_insert page=\"427\"]','News','','inherit','closed','open','','15-revision-v1','','','2013-11-07 05:21:49','2013-11-07 05:21:49','',15,'http://www.prg-west.com/15-revision-v1/',0,'revision','',0),(667,1,'2013-11-07 05:22:52','2013-11-07 05:22:52','&nbsp;\r\n\r\n<b>Los Angeles, CA:</b>  PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions.\r\n\r\nTesla (NASDAQ: TSLA) leased a 30,000 square foot industrial building located at 5840 W. Centinela Ave., West Los Angeles.  The building will be used as a charging station for electronic cars.\r\n\r\nAn affiliate of Disney (NYSE: DIS) leased a 40,000 square foot industrial building at 2500 Santa Fe Ave., Redondo Beach.  The property is being used for film production for the ABC TV show ‘Revenge’.\r\n\r\nRolled Alloys, a privately held global specialty metals company in the aerospace industry, leased a 50,000 square foot building at 4942 W. Rosecrans Ave., Hawthorne, which is part of Travelers’ (NYSE: TRV) Oceangate Business Park.  Rolled Alloys had previously been located in El Segundo.  The prior tenant in the building was Marvel Entertainment that had occupied the building since 2008.\r\n\r\nOracle (NYSE: ORCL) leased 15,000 square feet of a larger industrial building, which has been partially converted to creative office, at 5750 Hannum Ave., Culver City.  Club Assist, the largest mobile automobile battery retailer in Australia, and Vortex, a leading roll-up door company, leased 14,000 square feet and 7,000 square feet respectively in the building.','<strong>PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s Revenge TV show, Rolled Alloys, and Club Assist</strong>','','inherit','closed','open','','664-revision-v1','','','2013-11-07 05:22:52','2013-11-07 05:22:52','',664,'http://www.prg-west.com/664-revision-v1/',0,'revision','',0),(668,1,'2013-11-07 05:23:41','2013-11-07 05:23:41','&nbsp;\r\n\r\n<b>West Los Angeles, CA:</b> PRG has acquired a multi-tenant retail building located ¼ mile south of the Santa Monica Airport in West Los Angeles in an off-market transaction for $264 per square foot.\r\nPRG Centinela, LLC, an affiliate of PRG, acquired the 10,200 square foot retail building located at 3511-3519 Centinela Ave., West Los Angeles for $2.6 million ($264 per square foot). At the time of purchase, the property was 100% leased to long term tenants with below market rents. The average size unit is 1,020 square feet and the property is parked at 3 spaces per 1,000 square feet.\r\n“This acquisition fits squarely into our strategy of acquiring well located properties with a value-add component. There is a significant shortage of small commercial units on the Westside. Our plan is to substantially improve and modernize the façade of the building to increase its desirability among tenants and customers. Nearly all of the existing tenants service the Santa Monica and West Los Angeles communities,” said Britten Shuford, President of PRG.','<strong>PRG Acquires West LA Retail Center and Embarks  on Value-Add Strategy</strong>','','inherit','closed','open','','662-revision-v1','','','2013-11-07 05:23:41','2013-11-07 05:23:41','',662,'http://www.prg-west.com/662-revision-v1/',0,'revision','',0),(673,1,'2013-11-07 18:46:07','2013-11-07 18:46:07','[column-group]\r\n[column]<a title=\"PRG Acquires West LA Retail Center and Embarks  on Value-Add Strategy\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/PressRelease-Centinela2013.pdf\" target=\"_blank\"><img alt=\"CPH\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/WestLA-retail.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]<b>West Los Angeles, CA:</b> PRG has acquired a multi-tenant retail building located ¼ mile south of the Santa Monica Airport in West Los Angeles in an off-market transaction for $264 per square foot... <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/PressRelease-Centinela2013.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','PRG Acquires West LA Retail Center and Embarks  on Value-Add Strategy','','inherit','closed','open','','662-revision-v1','','','2013-11-07 18:46:07','2013-11-07 18:46:07','',662,'http://www.prg-west.com/662-revision-v1/',0,'revision','',0),(671,1,'2013-11-07 18:43:00','2013-11-07 18:43:00','[column-group]\r\n[column]<a title=\"PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s &lt;i&gt;Revenge&lt;/i&gt; TV show, Rolled Alloys, and Club Assist\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/Press Release-PRG_Announces_New_Leases.pdf\" target=\"_blank\"><img alt=\"CPH\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Affiliate_advisory-news.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]<b>Los Angeles, CA:</b> PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions.... <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/Press Release-PRG_Announces_New_Leases.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s <i>Revenge</i> TV show, Rolled Alloys, and Club Assist','','inherit','closed','open','','664-revision-v1','','','2013-11-07 18:43:00','2013-11-07 18:43:00','',664,'http://www.prg-west.com/664-revision-v1/',0,'revision','',0),(669,1,'2013-11-07 05:25:59','2013-11-07 05:25:59','&nbsp;\r\n\r\n<b>Los Angeles, CA:</b>  PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions.\r\n\r\nTesla (NASDAQ: TSLA) leased a 30,000 square foot industrial building located at 5840 W. Centinela Ave., West Los Angeles.  The building will be used as a charging station for electronic cars.\r\n\r\nAn affiliate of Disney (NYSE: DIS) leased a 40,000 square foot industrial building at 2500 Santa Fe Ave., Redondo Beach.  The property is being used for film production for the ABC TV show ‘Revenge’.\r\n\r\nRolled Alloys, a privately held global specialty metals company in the aerospace industry, leased a 50,000 square foot building at 4942 W. Rosecrans Ave., Hawthorne, which is part of Travelers’ (NYSE: TRV) Oceangate Business Park.  Rolled Alloys had previously been located in El Segundo.  The prior tenant in the building was Marvel Entertainment that had occupied the building since 2008.\r\n\r\nOracle (NYSE: ORCL) leased 15,000 square feet of a larger industrial building, which has been partially converted to creative office, at 5750 Hannum Ave., Culver City.  Club Assist, the largest mobile automobile battery retailer in Australia, and Vortex, a leading roll-up door company, leased 14,000 square feet and 7,000 square feet respectively in the building.','<strong>PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s <i>Revenge</i> TV show, Rolled Alloys, and Club Assist</strong>','','inherit','closed','open','','664-revision-v1','','','2013-11-07 05:25:59','2013-11-07 05:25:59','',664,'http://www.prg-west.com/664-revision-v1/',0,'revision','',0),(670,1,'2013-11-07 18:05:09','2013-11-07 18:05:09','[column-group]\n[column]<a title=\"PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s <i>Revenge</i> TV show, Rolled Alloys, and Club Assist\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img alt=\"CPH\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Affiliate_advisory-news.jpg\" width=\"210\" height=\"112\" /></a>[/column]\n[column span=\"3\"]Los Angeles, CA:</b>  PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions.... <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\">READ MORE</a>[/column]\n[/column-group]\n','PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s <i>Revenge</i> TV show, Rolled Alloys, and Club Assist','','inherit','closed','open','','664-autosave-v1','','','2013-11-07 18:05:09','2013-11-07 18:05:09','',664,'http://www.prg-west.com/664-autosave-v1/',0,'revision','',0),(672,1,'2013-11-07 18:45:29','2013-11-07 18:45:29','[column-group]\n[column]<a title=\"PRG Acquires West LA Retail Center and Embarks  on Value-Add Strategy\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/PressRelease-Centinela2013.pdf\" target=\"_blank\"><img alt=\"CPH\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/WestLA-retail.jpg\" width=\"210\" height=\"112\" /></a>[/column]\n[column span=\"3\"]<b>Los Angeles, CA:</b> PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions... <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/PressRelease-Centinela2013.pdf\" target=\"_blank\">READ MORE</a>[/column]\n[/column-group]','PRG Acquires West LA Retail Center and Embarks  on Value-Add Strategy','','inherit','closed','open','','662-autosave-v1','','','2013-11-07 18:45:29','2013-11-07 18:45:29','',662,'http://www.prg-west.com/662-autosave-v1/',0,'revision','',0),(674,1,'2013-11-07 18:47:49','2013-11-07 18:47:49','[column-group]\r\n[column]<a title=\"PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s &lt;i&gt;Revenge&lt;/i&gt; TV show, Rolled Alloys, and Club Assist\" href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/Press Release-PRG_Announces_New_Leases.pdf\" target=\"_blank\"><img alt=\"CPH\" src=\"http://www.prg-west.com/wp-content/uploads/2013/10/Affiliate_advisory-news.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]<b>Los Angeles, CA:</b> PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions... <a href=\"http://www.prg-west.com//wp-content/uploads/2013/articles/Press Release-PRG_Announces_New_Leases.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s <i>Revenge</i> TV show, Rolled Alloys, and Club Assist','','inherit','closed','open','','664-revision-v1','','','2013-11-07 18:47:49','2013-11-07 18:47:49','',664,'http://www.prg-west.com/664-revision-v1/',0,'revision','',0),(675,1,'2013-11-10 18:28:28','2013-11-10 18:28:28','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in industrial, business parks, and creative office.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\n\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\n\n[tab_insert page=\"479\"]\n[tab_insert page=\"484\"]\n[tab_insert page=\"488\"]','<b>Leasing Platform</b>','','inherit','closed','open','','468-autosave-v1','','','2013-11-10 18:28:28','2013-11-10 18:28:28','',468,'http://www.prg-west.com/468-autosave-v1/',0,'revision','',0),(676,1,'2013-11-10 18:28:55','2013-11-10 18:28:55','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in industrial, business parks, and creative office.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]','<b>Leasing Platform</b>','','inherit','closed','open','','468-revision-v1','','','2013-11-10 18:28:55','2013-11-10 18:28:55','',468,'http://www.prg-west.com/468-revision-v1/',0,'revision','',0);

--
-- Table structure for table `wp_private_blog_access_logs`
--

CREATE TABLE `wp_private_blog_access_logs` (
  `id` mediumint(9) NOT NULL AUTO_INCREMENT,
  `timestamp` timestamp NOT NULL DEFAULT CURRENT_TIMESTAMP ON UPDATE CURRENT_TIMESTAMP,
  `password` varchar(30) DEFAULT '',
  `password_name` varchar(30) DEFAULT '',
  `password_color` varchar(30) DEFAULT '',
  `action` varchar(30) DEFAULT '',
  `user_agent` text,
  `device` varchar(30) DEFAULT '',
  `browser` varchar(30) DEFAULT '',
  `operating_system` varchar(30) DEFAULT '',
  `ip_address` varchar(30) DEFAULT '',
  UNIQUE KEY `id` (`id`)
) ENGINE=MyISAM DEFAULT CHARSET=latin1;

--
-- Dumping data for table `wp_private_blog_access_logs`
--


--
-- Table structure for table `wp_term_relationships`
--

CREATE TABLE `wp_term_relationships` (
  `object_id` bigint(20) unsigned NOT NULL DEFAULT '0',
  `term_taxonomy_id` bigint(20) unsigned NOT NULL DEFAULT '0',
  `term_order` int(11) NOT NULL DEFAULT '0',
  PRIMARY KEY (`object_id`,`term_taxonomy_id`),
  KEY `term_taxonomy_id` (`term_taxonomy_id`)
) ENGINE=MyISAM DEFAULT CHARSET=utf8;

--
-- Dumping data for table `wp_term_relationships`
--

INSERT INTO `wp_term_relationships` VALUES (1,1,0),(20,2,0),(21,2,0),(22,2,0),(23,2,0),(25,2,0),(328,2,0),(409,3,0),(410,3,0),(41,4,0),(40,4,0),(48,5,0),(49,5,0),(50,5,0);

--
-- Table structure for table `wp_term_taxonomy`
--

CREATE TABLE `wp_term_taxonomy` (
  `term_taxonomy_id` bigint(20) unsigned NOT NULL AUTO_INCREMENT,
  `term_id` bigint(20) unsigned NOT NULL DEFAULT '0',
  `taxonomy` varchar(32) NOT NULL DEFAULT '',
  `description` longtext NOT NULL,
  `parent` bigint(20) unsigned NOT NULL DEFAULT '0',
  `count` bigint(20) NOT NULL DEFAULT '0',
  PRIMARY KEY (`term_taxonomy_id`),
  UNIQUE KEY `term_id_taxonomy` (`term_id`,`taxonomy`),
  KEY `taxonomy` (`taxonomy`)
) ENGINE=MyISAM AUTO_INCREMENT=6 DEFAULT CHARSET=utf8;

--
-- Dumping data for table `wp_term_taxonomy`
--

INSERT INTO `wp_term_taxonomy` VALUES (1,1,'category','',0,1),(2,2,'nav_menu','',0,6),(3,3,'nav_menu','',0,2),(4,4,'nav_menu','',0,2),(5,5,'nav_menu','',0,3);

--
-- Table structure for table `wp_terms`
--

CREATE TABLE `wp_terms` (
  `term_id` bigint(20) unsigned NOT NULL AUTO_INCREMENT,
  `name` varchar(200) NOT NULL DEFAULT '',
  `slug` varchar(200) NOT NULL DEFAULT '',
  `term_group` bigint(10) NOT NULL DEFAULT '0',
  PRIMARY KEY (`term_id`),
  UNIQUE KEY `slug` (`slug`),
  KEY `name` (`name`)
) ENGINE=MyISAM AUTO_INCREMENT=6 DEFAULT CHARSET=utf8;

--
-- Dumping data for table `wp_terms`
--

INSERT INTO `wp_terms` VALUES (1,'Uncategorized','uncategorized',0),(2,'Main Navigation','main-navigation',0),(3,'About','about',0),(4,'History','history',0),(5,'Focus','focus',0);

--
-- Table structure for table `wp_usermeta`
--

CREATE TABLE `wp_usermeta` (
  `umeta_id` bigint(20) unsigned NOT NULL AUTO_INCREMENT,
  `user_id` bigint(20) unsigned NOT NULL DEFAULT '0',
  `meta_key` varchar(255) DEFAULT NULL,
  `meta_value` longtext,
  PRIMARY KEY (`umeta_id`),
  KEY `user_id` (`user_id`),
  KEY `meta_key` (`meta_key`)
) ENGINE=InnoDB AUTO_INCREMENT=35 DEFAULT CHARSET=latin1;

--
-- Dumping data for table `wp_usermeta`
--

INSERT INTO `wp_usermeta` VALUES (1,1,'first_name',''),(2,1,'last_name',''),(3,1,'nickname','Andy'),(4,1,'description',''),(5,1,'rich_editing','true'),(6,1,'comment_shortcuts','false'),(7,1,'admin_color','fresh'),(8,1,'use_ssl','0'),(9,1,'show_admin_bar_front','true'),(10,1,'wp_capabilities','a:1:{s:13:\"administrator\";b:1;}'),(11,1,'wp_user_level','10'),(12,1,'dismissed_wp_pointers','wp330_toolbar,wp330_saving_widgets,wp340_choose_image_from_library,wp340_customize_current_theme_link,wp350_media,wp360_revisions'),(13,1,'show_welcome_panel','1'),(14,1,'wp_dashboard_quick_press_last_post_id','678'),(15,2,'first_name','Angie'),(16,2,'last_name','Shields'),(17,2,'nickname','angie'),(18,2,'description',''),(19,2,'rich_editing','true'),(20,2,'comment_shortcuts','false'),(21,2,'admin_color','fresh'),(22,2,'use_ssl','0'),(23,2,'show_admin_bar_front','true'),(24,2,'wp_capabilities','a:1:{s:13:\"administrator\";b:1;}'),(25,2,'wp_user_level','10'),(26,2,'dismissed_wp_pointers','wp330_toolbar,wp330_saving_widgets,wp340_choose_image_from_library,wp340_customize_current_theme_link,wp350_media,wp360_revisions,wp360_locks'),(27,1,'nav_menu_recently_edited','2'),(28,1,'managenav-menuscolumnshidden','a:4:{i:0;s:11:\"link-target\";i:1;s:11:\"css-classes\";i:2;s:3:\"xfn\";i:3;s:11:\"description\";}'),(29,1,'metaboxhidden_nav-menus','a:3:{i:0;s:8:\"add-post\";i:1;s:12:\"add-post_tag\";i:2;s:15:\"add-post_format\";}'),(30,1,'wp_user-settings','editor=html&hidetb=1&libraryContent=browse&wplink=1'),(31,1,'wp_user-settings-time','1384577527'),(32,2,'wp_dashboard_quick_press_last_post_id','420'),(33,2,'wp_user-settings','editor=html'),(34,2,'wp_user-settings-time','1382379477');

--
-- Table structure for table `wp_users`
--

CREATE TABLE `wp_users` (
  `ID` bigint(20) unsigned NOT NULL AUTO_INCREMENT,
  `user_login` varchar(60) NOT NULL DEFAULT '',
  `user_pass` varchar(64) NOT NULL DEFAULT '',
  `user_nicename` varchar(50) NOT NULL DEFAULT '',
  `user_email` varchar(100) NOT NULL DEFAULT '',
  `user_url` varchar(100) NOT NULL DEFAULT '',
  `user_registered` datetime NOT NULL DEFAULT '0000-00-00 00:00:00',
  `user_activation_key` varchar(60) NOT NULL DEFAULT '',
  `user_status` int(11) NOT NULL DEFAULT '0',
  `display_name` varchar(250) NOT NULL DEFAULT '',
  PRIMARY KEY (`ID`),
  KEY `user_login_key` (`user_login`),
  KEY `user_nicename` (`user_nicename`)
) ENGINE=InnoDB AUTO_INCREMENT=3 DEFAULT CHARSET=latin1;

--
-- Dumping data for table `wp_users`
--

INSERT INTO `wp_users` VALUES (1,'andy','$P$B/fuIf44gUkelIBZ57sTccKWJwaxUG1','Andy','vu@webvudoo.com','','2013-10-16 23:33:30','',0,'Andy'),(2,'angie','andy','angie','angie.a.shields@gmail.com','','2013-10-17 04:27:38','',0,'Angie Shields');


