Commercial Real Estate Loans & Investment Sales

Why Green Building Makes Financial Sense -- Pacific Security Capital Delivers Keynote Presentation at Land Development Breakthroughs Conference

Pacific Security Capital Managing Director, Theddi Wright Chappell, makes a keynote address at the Land Development Breakthroughs Conference on "How Sustainable Developments Make Greater Financial Sense."

Beaverton, OR June 29, 2006 -- http://www.pacificsecuritycapital.com -- Pacific Security Capital, a vertically integrated real estate services firm, today announced that Theddi Wright Chappell, Managing Director of its Commercial Real Estate Advisory Services business unit, will be a keynote speaker at the upcoming Land Development Breakthroughs Conference in Chicago, July 10 – 12, 2006.

Chappell, who is a LEED certified professional and has years of experience in the sustainable real estate development industry, will deliver a keynote presentation on "How Sustainable Developments Make Greater Financial Sense."

"Many people are skeptical about investing in green buildings," said Theddi Wright Chappell, "it is easy to be deterred by upfront costs without considering the great return on investment down the road."

Sustainable developments should be viewed as attractive investment opportunities because of their minimal upkeep and long term cost savings due to:
•     Water Conservation
•     Decreased utility bills
•     Better air quality
•     Energy efficiency
•     Reduced maintenance costs
•     Extended property lifecycle

Pacific Security Capital recently joined forces with sustainable development industry expert, Scott Muldavin, to form the Green Building Finance Consortium, which pools together some of the greatest minds in the real estate finance industry. The goal of this consortium is to create evaluation tools and best practices necessary for the investment community to really measure the financial value of sustainable development.

"The real estate industry is taking more and more notice when it comes to sustainable development," said Theddi Wright Chappell, "but investors are naturally looking for a way to prove that there is real value in their investment."

Join Theddi Wright Chappell in Chicago for a discussion on the value of building green.

Wednesday, July 12
12 – 12.30 pm
Trends in Project Finance: How Sustainable Developments Make Greater Financial Sense
Stephens Convention Center, Chicago, IL

Pacific Security Capital Principal, Simon Acheson, will also be speaking at the conference during a breakout session on "From Acquisition to Implementation: Valuable Lessons in Project Finance."

Register for the Land Development Breakthroughs conference and download "The Value of Green" written by Theddi Wright Chappell at http://www.pacificsecuritycapital.com/landing/sustainable-development.cfm

About Pacific Security Capital
Pacific Security Capital is a vertically integrated real estate services company providing advisory services, asset management, development services, commercial real estate loans, structured finance, landlord/tenant representation, and investment sales. Our mission is to add value to client initiatives at every level of the real estate cycle. PSC is headquartered in Beaverton, Oregon with offices in major markets in North America. More information about the company can be found at www.PacificSecurityCapital.com.

Los Angeles Pitches to NY Investors

Article By Bob Howard Via GlobeSt

LOS ANGELES-The growing momentum of development in Downtown Los Angeles prompted local officials to court New York investors last week with the local group's third trade mission in six years. A delegation of business and political leaders took their story to a gathering of prospective investors in New York City to make their pitch for investing in Downtown Los Angeles commercial real estate projects.

Hosted by the Downtown Center Business Improvement District, the trade mission was led by Eli Broad, philanthropist and founder-chairman of KB Home and SunAmerica Inc. who is active in a number of Downtown Los Angeles initiatives. The contingent met with more than 100 Wall Street investment bankers, real estate investors and financiers to tell the Downtown Los Angeles story.

Among the locals' messages: Housing is booming, the office market is strong and retail is growing in the city's center.

See full article >

For more information on commercial real estate financing from Pacific Security Capital, visit www.pacificsecuritycapital.com or call 1-800-844-6085.

Debating the Real Estate Bubble

According to today's Sun Sentinel, the real estate "boom" is over.  Before many would-be home buyers breathe a sigh of relief, realtors warn that they do not expect to see a reduction in real estate prices.

Pacific Security Capital Director, Simon Acheson, recently spoke to Multi-Housing News about the real estate bubble and his opinion on the real estate outlook for 2006.

Read Simon Acheson's Q&A in Multi-Housing News.

For more information on real estate services from Pacific Security Capital, visit www.PacificSecurityCapital.com or call 1-800-844-6085.

Pacific Security Capital Named Top 100 Fastest Growing Private Company in Portland; Real Estate Services Firm Experiences 125% Revenue Growth

Real Estate Services Firm, Pacific Security Capital, is named 35 in the Portland Business Journal’s Top 100 Fastest Growing Private Companies honor roll.

Beaverton, OR, June 20, 2006 – http://www.pacificsecuritycapital.com – Pacific Security Capital, a vertically integrated real estate services company providing commercial real estate loans, investment sales, advisory and development services, has been named a Top 100 fastest growing private company by the Portland Business Journal.

Pacific Security Capital, which has seen its revenue increase by 125% since 2003, was listed 35 in the Portland Business Journal’s annual honor roll.

“Pacific Security Capital attributes its ongoing success to the high caliber of its employees,” said Louis Swart, President of Pacific Security Capital.  “Without the hard work and loyalty demonstrated by our team, Pacific Security Capital would not be where it is today.”

Pacific Security Capital is committed to hiring individuals that support the high-achieving culture encouraged by the company. Pacific Security Capital recognizes that its employees provide an important competitive advantage that can be effectively leveraged to generate creativity, momentum and client loyalty; and to design best practices, overcome obstacles and cultivate company growth.

Along with a 125% revenue increase since 2003, Pacific Security Capital has also added 36 new members to its team. In 2006 alone, Pacific Security Capital has named Louis Swart as its new President and Dan Ferris as COO.

“It’s amazing to see all that Pacific Security Capital has achieved since its inception in 1989,” said Louis Swart, President of Pacific Security Capital.  “I am looking forward to leading the company to the next level.”

To learn more about Pacific Security Capital’s core areas of expertise in Commercial Real Estate Advisory Services, Capital Markets, Development Services and Investment Sales, please visit www.PacificSecurityCapital.com or call 1-800-844-6085.

About Pacific Security Capital
Pacific Security Capital is a vertically integrated real estate services company providing advisory services, asset management, development services, commercial real estate loans, structured finance, landlord/tenant representation, and investment sales. Our mission is to add value to client initiatives at every level of the real estate cycle. PSC is headquartered in Beaverton, Oregon with offices in major markets in North America. More information about the company can be found at www.PacificSecurityCapital.com.

The Latest With Industrial & Office Property Markets

Via Society of Industrial & Office Realtors

There is good news for industrial and offer property owners.  According to the SIOR Commercial Real Estate Index, the national industrial and office property market index has advanced to 119.70, compared with 119.40 in February 2006 and 115.75 in November 2005.

What does this mean for property owners?
- Improved occupancy
- Elimination of subleasing activity (which creates a drag on market performance)
- Increased rental rates
- Development is reaching normal levels
- Owners of prime land see strong acquisition demand
- Investment pricing is strong

For more information on industrial and office property loans and investments, contact Pacific Security Capital at www.pacificsecuritycapital.com or call 1-800-844-6085.

Commercial Real Estate Underwriting Standards On Downward Trend

Article By Robert Shroeder Via MarketWatch

Underwriting standards for commercial real-estate lending by banks are showing signs of being on a downward trend and are reason for concern, Federal Reserve Gov. Susan Bies said Tuesday. 

Standards haven't fallen all that widely to date, Bies told a bankers' conference. However, "we have noticed some slippage recently," she said in prepared remarks.

"We have not yet seen underwriting standards fall to unsatisfactory levels on a broad scale, but we are concerned about some of the downward trend in these standards," Bies said.

Banks should scrutinize individual loans and loans in the same markets, Bies said.

"A bank should be monitoring performance both on an individual-loan basis as well as on a collective basis for loans collateralized by similar property types or in the same markets," she said.

Small institutions, in particular, should have strong controls in place for evaluating the potential consequences of concentrations of commercial real-estate loans, Bies said.

The Fed recently issued proposed guidelines about commercial real-estate lending, acting out of concern about rising concentrations of commercial loans relative to capital.

Bies didn't mention U.S. monetary policy or interest rates during her speech, in which she urged bankers to have plans in place for potential weather or terrorist-related disasters.

Fed guidance directs banks to have contingency plans in place to serve their customers in the event of disasters. Plans should be put in place and tested regularly, she said.

They should also be updated when institutions expand or changes business activities or get new information from tests or real events.

For more information on commercial real estate financing, visit www.pacificsecuritycapital.com or call 1-800-844-6085

Cimarron Cove Community from Pacific Security Capital Nears Completion in Cathedral City, CA

Pacific Security Capital develops Cimarron Cove, a community focused on capturing California’s diversity – demographically, architecturally and economically.

Beaverton, OR, June 6, 2006 – http://www.pacificsecuritycapital.com – Pacific Security Capital, a vertically integrated real estate services firm, today announced that the Cimarron Cove development has only 15 of the 169 homes developed remaining for sale.

Unlike much of the property being developed in the Palm Springs area, Cimarron Cove is designed for mid-income homeowners and targets a very diverse demographic.

“Pacific Security Capital looked at the real needs of a cross section of the community and has addressed those needs with Cimarron Cove,” said Louis Swart, President of Pacific Security Capital.  “We are also focused on preserving local roots and this is why we engaged the local builder, GHA Construction.”

Cimarron Cove, which overlooks the Cimarron Golf Course and the Coachella Valley mountains, offers two product types:

• The Heritage Series (1600 – 1900 sq ft)
• The Signature Series (1800 – 2200 sq ft)

Pacific Security Capital is also versatile with its architectural options. Using the same footprint, Pacific Security Capital is able to offer different floor plan combinations (3 bedrooms or 2 master suites) to best suit the homebuyer’s particular lifestyle.

“By interspersing the different house styles throughout the community, we are trying to defy the ‘me too’ feel that many new neighborhoods possess,” said Swart.  “The layout of the Cimarron Cove community reflects the type of residents we are trying to attract – a diverse mix.”

New homes at Cimarron Cove are priced between $400,000 and $600,000.  For more information, visit http://www.cimarroncove.com/

For more information on Pacific Security Capital, a vertically integrated real estate services company, please visit www.pacificsecuritycapital.com or call 800-844-6085.