At “The Group” he will continue to focus on retail, commercial and industrial sales and leasing. However, Donnelly will also be offering expanded investment real estate services to clients who are interested in buying and selling income properties. “This is an exciting time to be investing in real estate,” said Donnelly. “The economy is doing pretty good, the first baby boomers are retiring, and many investors are starting to realize they need to diversify their portfolios by adding some income properties. Especially the younger ones”, he said.
Donnelly has a background in Economic Development and also specializes in helping existing businesses grow and new companies relocate to the area. He sits on the Board of Directors for the Butte County Economic Development Corporation, the Chico Economic Planning Corporation (C.E.P.C.O.) and the Oroville Economic Development Corporation (O.E.D.C.O.) and is also a Founder of Golden Valley Bank. Donnelly is also active with the Certified Commercial Investment Managers (C.C.I.M.) organization, the Urban Land Institute and the International Council of Shopping Centers.
Donnelly’s appointment will enhance “The Group’s” long term commitment to community development and public service. Founder Georgie Bellin is a former Mayor of the City of
530-828-0011
(Monterey) Representatives of California Northern Real Estate Investment will participate in the International Council of Shopping Centers “Idea Exchange” conference in Monterey March 21 – 23. The “Idea Exchange” is the retail industry’s premiere conference and tradeshow in Northern California, where the regions top brokers and real estate professionals meet with the major retail decision makers who are looking for new store locations.
“This is where Starbucks, Whole Foods, 24 Hour Fitness, Baja Fresh, Jamba Juice and many, many other retailers from all sectors of the industry present their plans for the coming year and let the brokers know how many stores they want to open and where they want to located them” said Mike Donnelly, President of California Northern. “The highlight of the event is the ‘Retailer Runway’, where a representative of a retail company such as Walgreens or Auto Zone walks out on stage and gives a short elevator speech on the key market locations his or her company is expanding into and provides the brokers and leasing agents the details they need to open up a new store at a new location” Donnelly said.
California Northern will feature a number of local properties at the event, including the prime retail suite in the new 6th & Main Building in Downtown Chico and a 26 acre shopping center location at the gateway to Lake Oroville at the corner of Olive Highway and Kelly Ridge Rd. Property owners and managers who would like their retail properties showcased at I.C.S.C. are invited to contact California Northern for more information.
“Every community is different” said Donnelly. “Chico needs to continue to solidify its position as the retail hub of the region and not take its thriving retail industry for granted”, he said. “On the other hand, Oroville has been aggressively working to stop retail leakage to other communities and keep residents shopping locally by attracting new retail businesses and in turn, increasing sales tax revenue”, he said.
For Immediate Release
December 13, 2006
Contact: Mike Donnelly
530-828-0011
(Sacramento) California Northern representatives attended the Urban Land Institute Emerging Trends Conference in Sacramento Thursday, where the most recent and sought after real estate data has been released. More than 600 of the nation's most influential leaders in the real estate, development and financial industries were surveyed about their projections for the coming year.
"This report is hot off the presses, and it appears 2007 will be the year to focus on the fundamentals", said Mike Donnelly, Founder of California Northern Real Estate Investment who attended the conference. “But there are also opportunities”, he said. “There certainly are some areas of caution in the housing and retail markets, but in the ULI Best Bets 2007 report, the survey responders recommend a ‘buy’ position on warehouse and moderate-income apartments”, Donnelly said.
The survey recommends a “hold” position on office properties and a “hold or sell” position on hotel and retail properties. "This data is coming from the most respected and knowledgeable professionals in the country and their insight has enormous value to anyone in commercial and investment real estate", Donnelly said.
Here is a partial outlook for 2007 according to the report:
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Capital will continue to pour into real estate
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Leveraged private investors will be replaced with institutional cash buyers
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Lenders will tighten underwriting standards
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Skyrocketing development costs will keep supply in check
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Housing markets will head sideways or down
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Infill locations remain attractive to investors & developers
A more detailed executive summary of the report is available by e-mailing Mike Donnelly at mdonnelly@californianorthern.com.
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For Immediate Release
November 27, 2006
Contact: Mike Donnelly
530-828-0011
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For Immediate Release
July 12, 2006
Contact: Mike Donnelly
530-828-0011
(Chico) California Northern announces Two major players in the Tool and Electrical Distribution industries have expanded to Chico. Alameda Electrical Distributors, Inc. and affiliate company California Service Tool, Inc. have opened up a 21,000 square foot facility at 629 Entler Ave. off of Highway 99 in South Chico.
Alameda Electrical Distributors has been a leader in the Industrial, Commercial and Contractor markets since 1957 and serves the largest industrial facilities to the smallest start-ups. Alameda Electrical also offers engineering support for high tech products and can provide automation solutions for high-tech product groups. The company also provides Datacom products with full application support and engineering.
California Service Tool, Inc. has served the Electrical, Mechanical, HVAC, and Plumbing trades since 1961 and is the leading full service tool distributor in the Northern California Market. The company also has a full on-site tool rental shop and offers repair services.
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For Immediate Release
May 9, 2006
Contact: Bob Linscheid
530-343-3317
The Butte County Economic Development Corporation (B.C.E.D.C.) has announced six new appointments to the Board of Directors. Golden Valley
Elected to serve on the board for one-year terms are Mike Donnelly of California Northern, Roger Hart of Butte Community Bank and Scott Winter of LearningChange.
President/CEO Bob Linscheid said he looks forward to working with the new board members to bring fresh new ideas to the “job creation table”.