Michael Dawid

We are proud to officially announce Langan's acquisition of #Washington-based Navix Engineering, a leading site/civil engineering firm in the #datacenter market. "Adding Navix to Langan strengthens both firms in the Pacific Northwest and the highly competitive and rapidly growing data center market where we will bring unsurpassed value to our clients throughout the United States," said David T. Gockel, President/CEO, Langan. Learn more: https://lnkd.in/dX-79JK6

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Exciting Company Announcement! Riveron has acquired Effectus Group, a San Jose-based accounting advisory and financial operations firm. This strategic move significantly enhances Riveron’s presence in the San Francisco Bay Area and reinforces its position as a premier advisor to the office of the CFO. “The partnership with the Effectus Group represents a pivotal step in Riveron’s growth strategy,” said Sam Shaw, CEO of Riveron.“ Their deep expertise in technical accounting, capital markets, and their strong presence in the life sciences and technology sectors complement our existing strengths. Together, we are well-equipped to provide unparalleled service to our clients, particularly in the fast-evolving venture capital and public markets spaces.” Read the full release: https://bit.ly/3TyXZfP #Acquisition #CompanyNews #OfficeOfTheCFO #AccountingAdvisory #CapitalMarkets #PrivateEquity #VentureCapital #TechnologySector #LifeSciencesSector #SanFranciscoBayArea

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I recently came across an article featuring Steve Davis, the Chief Investment Officer at Sacramento County Employees’ Retirement System (SCERS), who manages a $13 billion portfolio. He discusses the challenging 'gap between benefit payments and pension plan contributions' with a keen focus on maintaining SCERS' liquidity. This scenario echoes the philosophy behind our Full-Stack Venture Capital BDC, the mandate behind Capital Q® Business Development Company. For venture capital to effectively reinvigorate limited partners (LPs), it's crucial to offer more than just long-term holds with a promise of sizable gains in the future, but also immediate and ongoing returns. This can be achieved by Venture Capital funds changing their fund structures and diversifying their investments across various asset classes, including Venture Capital, Private Credit and Private Equity, ensuring a balanced portfolio that can deliver both significant upside and current liquidity.

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Reasons You Should Build an ADU NOW #3 Demand for Rental Units at the ADU Price Point Remains High There are 17 jobs created for every housing unit built in San Mateo County and the numbers are similar all over the Bay Area. Many of these jobs are right at the moderate income level filled by workers that have one-hour commutes, each way. These workers are great candidates for renting out an ADU. In other words, you will likely never have a problem getting renters and generating passive income from your ADU. The "problem" is getting the 'right' renter for your new unit, and before another landlord sweeps them up. Call NOW 1-888-360-3604 FOR A FREE SITE VISIT & STRATEGY SESSION CONSULTATION CalBRE#01795093, CSLB#1114186 www.adunow.house #adu #adunow https://lnkd.in/gySz_HNw

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Cables replace white-collar workers as office tower turns into data center One Wilshire, once a typical office building in downtown Los Angeles, has been transformed into a major data center, the Los Angeles Times reports. Cables, pipes, coolers, generators and other equipment have replaced white-collar workers. The 30-story tower serves as a key link between Asia and North America. This is part of boom for what might be called data-storage real estate, which is sweeping the country. “Never in my career of 25 years in real estate have I seen demand like this on a global scale,” says JLL real estate broker Darren Eades, who specializes in data centers. New construction houses many data centers, but existing buildings are being converted as well.  Read more: reptn.io/AgQjBMxkkAA #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #DataCenter

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Michael Baker International announced today that Joseph Ghougassian has joined the firm as Sustainable and Resilient Solutions (SRS) Principal Market Lead. In this role, he will grow and develop firm’s SRS services for the San Diego and Southern California corporate and private sector market, including Industrial/Manufacturing, Defense Contractors, Data Centers, Life Sciences and Healthcare sectors. Learn more: https://lnkd.in/eueZd_D9

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Statewide, 2024 begins on a more positive note compared to the trends seen in 2023. "These buoyed first-quarter results may signify a stabilization, easing tax revenue concerns as we look forward to the next growth cycle. The Federal Reserve's stance on the Fed Funds Rate will be a crucial factor in determining whether we face economic stagnation or a boost in consumer spending. Additionally, tourism and local travel during the summer period could further enhance confidence in our economic outlook," said Andy Nickerson, President/CEO. 🔗 https://lnkd.in/dzZCJhxw #localgovernment #revenuemanagement #salestax

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The escalating demand for skilled labor is reshaping the landscape of the Bay Area's powerhouse industries, including construction trades and other professional services. https://bit.ly/4b7fyKo #SWENSON #ConstructionIndustry #Construction #BayArea

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After years of strong tenant demand, the Puget Sound region's industrial market is undergoing a significant transformation. The absorption rate, calculating the net change in occupied space, experienced a negative trend in the first three quarters. Consequently, the vacancy rate surged to nearly 8%, marking its highest level since 2011. The region faced challenges such as elevated construction levels, slower leasing activity, and move-outs by existing tenants, resulting in a substantial occupancy decline. In the current year alone, industrial tenants have relinquished over 3 million square feet, contributing to an occupancy loss exceeding 400,000 square feet in 2023. This decline starkly contrasts with the remarkable 18 million square feet in occupancy gains recorded in the peak demand years of 2021 and 2022, making them Puget Sound's most robust years for industrial demand in this century. #IndustrialRealEstate #CommercialProperty #MarketTrends #PugetSound #OccupancyLoss #IndustrialDemand

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Redco Development, along with partner GCI General Contractors, is set to acquire the iconic 300 California St. This move is part of a growing trend of local investments in downtown San Francisco's post-pandemic landscape. The building, previously valued at $58.25 million, will now change hands for about $28 million—a sign of the "reset" market values and a growing appetite among investors for discounted office properties. Read more about how this transaction compares to other recent deals in the area and what it signifies for the future of San Francisco's downtown. https://lnkd.in/dsXg3cDx #SanFranciscoRealEstate #CommercialRealEstate #InvestmentOpportunities #MarketTrends

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The latest California Forecast is out now! HdL and Beacon Economics LLC's analyze and forecast future spending patterns through 2025. The September Federal Funds rate reduction was an economic signal that inflation is coming in near expectations while the labor market weakened over recent months. This action may spur some changes in consumer spending patterns, but overall does not translate into a short-term burst in sales taxes. As the important holiday shopping season approaches, expectations are that buyers will start outlays sooner... Read the full report: 🌐 https://lnkd.in/g6R2aBb8 👉 #HdLCompanies 2024/25 Forecast 👈 ◾ Autos/Transportation: -0.4% ◾ Building/Construction: -0.5% ◾ Business/Industry: 2.2% ◾ Food/Drugs: -0.6% ◾ Fuel/Service Stations: -3.9% ◾ General Consumer Goods: -0.6% ◾ Restaurants/Hotels: 1.7% ◾ State and County Pools: 2.5% 👉 #BeaconEconomics 2024/25 Forecast 👈 ◾ U.S. Real GDP Growth: 2.4% ◾ U.S. Unemployment Rate: 4.3% ◾ CA Unemployment Rate: 5.3% ◾ CA Total Nonfarm Employment Growth: 1.1% ◾ CA Median Existing Home Price: $739,332 ◾ CA Residential Building Permits: 108,821 #LocalGovernment #SalesTax #RevenueManagement #EconomicForecast

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We're excited to announce that the Santa Clara Valley Water District has selected TrueBill from TruePoint Solutions to manage its billing, account management, meter reading, accounts receivable, and service orders. The move to TrueBill marks a significant step in enhancing Valley Water’s billing operations and improving the customer experience. Read the full announcement at https://lnkd.in/gEecgj5h #UB #waterbilling #meterreading #waterbillingoperations #water

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The Seattle industrial market is undergoing a transitional phase marked by rising vacancies, fluctuating demand and evolving investment dynamics. There was a robust surge from 2020 to 2022, which saw nearly 19 million square feet of industrial space absorbed and more than $8.4 billion in transaction volume. However, the market experienced a reversal in 2023, with roughly 2 million square feet of previously absorbed space becoming available. This shift, driven by decreased container traffic at local ports, rising interest rates and elevated inflation, has continued into 2024, with speculative construction projects contributing to elevated vacancy rates. https://lnkd.in/gjaTAYTj #ccim #ccimwa #Seattle #industrial #vacancy #commercialrealestate #construction

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