DOCSLIB.ORG

Greater Los Angeles Multifamily

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Greater Los Angeles Multifamily MARKET REPORT | 4Q/2020 Greater Los Angeles Multifamily Sales Activity Picks Up in Larger Transactions to Close 2020 Highlights Q4 Snapshot Los Angeles Market > After holding fairly steady in the fi rst half of the year, conditions in the Los Angeles multifamily market cooled in the second half. Market Fundamentals As the economy gains momentum, renter demand should pick up Vacancy ...................................................................... 4.5% and absorption of area apartments should accelerate. - Year Over Year Change .......................................+70 bps > Apartment vacancy in Los Angeles rose 70 basis points in 2020, reaching 4.5 percent. Most of the increase occurred in the fourth Asking Rent ..............................................................$1,973 quarter when the vacancy rate surged 40 basis points. - Year Over Year Change ...........................................-5.2% > Apartment rents in Los Angeles recorded their fi rst annual decline Transaction Activity since 2009. In 2020, local asking rents retreated 5.2 percent, fi nishing the year at $1,973 per month. Median Sales Price Per Unit (YTD) ........................$288,900 > Transaction activity in the fourth quarter closely tracked levels from Cap Rates (Avg YTD) .................................................. 4.1% the previous quarter. There was a sharp increase in the sales of larger properties at the end of the year. Prices rose and cap rates Construction Activity compressed in 2020. Units Under Construction .........................................19,536 Units Delivered YTD ...................................................8,347 Greater Los Angeles Multifamily Market Overview Supply and demand diverged in the Los Angeles multifamily market in While the apartment market recorded some softening, the local 2020, with steep pandemic-related job losses dragging down demand investment market was relatively sturdy throughout much of 2020. while apartment deliveries accelerated. Vacancies rose and rents Sales velocity lagged levels from the previous two years, but contracted in 2020, but conditions are forecast to stabilize in the coming investment fundamentals strengthened. The median price rose more quarters. In 2020, not all areas of the local multifamily market were than 10 percent for the year, and prices continued to push higher in impacted equally. For the most part, Class B and Class C properties and deals that closed in the fi nal few months of the year. Cap rates less expensive submarkets fared better during the past year, while the compressed in 2020, closely tracking declines in interest rates. most expensive regions recorded the sharpest rent declines. These Investors appear to have adjusted to the current market conditions. areas should recover as the economy gains momentum. NORTHMARQ.COM GREATER LOS ANGELES MULTIFAMILY MARKET REPORT | 4Q/2020 Employment Employment Overview > The labor market in Los Angeles recovered at a slower pace during the fourth quarter compared with the third quarter. Employers added nearly 200 4% Y e ) 2% a 22,000 net jobs in the fourth quarter, after 66,000 jobs were brought s 100 r 0 - 0 o 0 v ( e back to the market in the third quarter. In 2020, employment contracted 0% r d 0 - e Y d e by 9.1 percent, with the loss of approximately 417,500 net jobs. d -2% a A r s -100 E b m o p J -4% l o r y > Transportation and logistics, the largest employment sector in a -200 m e Y -6% e - n r t Los Angeles, has been recovering at a consistent pace for the past e C v -300 o h - -8% a r n several months and ended the year with momentum that is likely to a g e e carry over into 2021. Employers in the trade, transportation, and Y -400 -10% utilities sector added back nearly 50,000 net jobs in the fourth quarter. -500 -12% 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 15 16 16 17 17 18 18 19 19 20 20 > The area’s large leisure and hospitality sector has recorded steep Number of Jobs Annual Change losses through the coronavirus shutdown. Employment in the Sources: NorthMarq, Bureau of Labor Statistics sector contracted by approximately 32 percent in 2020, losing nearly 175,000 jobs. As the economy reopens, the sector should add back a signifi cant number of jobs in 2021. Employers added nearly 22,000 > Forecast: The severe job losses from 2020 will likely take a few net jobs in the fourth quarter years to fully recover. Still, the Los Angeles employment market is expected to outperform in 2021 once the economy undergoes a more extensive reopening. Total employment is forecast to expand 3.6 percent in 2021, with the addition of about 150,000 net jobs. Vacancy Vacancy Trends > Vacancy in Los Angeles County gradually rose throughout 2020, with a steeper increase recorded during the fourth quarter. The local vacancy rate rose 40 basis points in the fourth quarter, 5.0% reaching 4.5 percent. 4.5% > For the full year, vacancy rose 70 basis points. This followed a 4.0% fi ve-year stretch of minimal annual vacancy increases. Prior to 3.5% e 3.0% t 2020, vacancy had ticked up an average of 15 basis points per a R y c 2.5% year since 2015. n a c a V 2.0% The vacancy rate rose in Los Angeles County despite positive > 1.5% absorption during the year. Net absorption totaled approximately 1.0% 2,700 units in 2020, down from nearly 5,000 units in the previous 0.5% year. Absorption was strongest in the fi rst half of the year before 0.0% tailing off in the second half. 4Q 15 2Q 16 4Q 16 2Q 17 4Q 17 2Q 18 4Q 18 2Q 19 4Q 19 2Q 20 4Q 20 > Forecast: Renter demand for apartments is forecast to accelerate Sources: NorthMarq, Reis in the coming quarters, but the market is expected to continue to record signifi cant increases to new supply. New supply should Net absorption totaled outpace demand, pushing the vacancy rate up an estimated 30 basis points to 4.8 percent. approximately 2,700 units in 2020, down from nearly 5,000 units in the previous year NORTHMARQ INVESTMENT SALES | PAGE 2 NORTHMARQ.COM/MULTIFAMILY GREATER LOS ANGELES MULTIFAMILY MARKET REPORT | 4Q/2020 Rents Rent Trends > Average asking rents dipped 2 percent in the fourth quarter, falling below $2,000 per month for the fi rst time since the middle of Per Month Annual Change 2018. Local asking rents ended the year at $1,973 per month. $2,200 8.0% $2,100 6.0% > Asking rents declined 5.2 percent in 2020, with nearly all of the Y $2,000 e a 4.0% r h - t o drop recorded during the second half of the year. As the local n v o $1,900 e r M - r 2.0% Y e labor market gains momentum, demand for apartments should e a p r t $1,800 n R e e R pick up, stabilizing rents. 0.0% n t g C n i $1,700 h k a s n A g -2.0% e > Rents in Class A properties fell more sharply than rents in less $1,600 expensive units in 2020. Class A asking rents declined 7 percent $1,500 -4.0% in 2020, ending the year at $2,548 per month. Combined rents in $1,400 -6.0% 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q Class B and Class C units dropped approximately 4.5 percent. 15 16 16 17 17 18 18 19 19 20 20 Sources: NorthMarq, Reis > Forecast: Rents will likely trend lower for a few more quarters before stabilizing in the second half of the year. Average asking rents in Los Angeles are forecast to dip approximately 1.5 percent Local asking rents ended the in 2021. year at $1,973 per month Development and Permitting Development Trends > Apartment construction was very active during 2020, and total deliveries approached the cyclical high recorded in 2018. Developers brought approximately 8,350 units to market in 10,000 2020, compared to fewer than 5,600 units in 2019. 9,000 8,000 ) 7,000 s t i Multifamily permitting accelerated in the fourth quarter, as n > u 6,000 ( s n o 5,000 developers pulled permits for about 3,800 units, the highest i t e l p 4,000 quarterly total of the year. Even with the strong fi nish, the m o 12,150 multifamily permits pulled during 2020 was the lowest C 3,000 2,000 fi gure since 2012. From 2014 to 2019, multifamily permitting 1,000 averaged more than 15,000 units per year. - 2014 2015 2016 2017 2018 2019 2020 Sources: NorthMarq, Reis > Projects totaling more than 19,500 apartment units are currently under construction in Greater Los Angeles. The Downtown area accounts for nearly half of the total number of units that are under way. Projects totaling more than > Forecast: The year ahead should be another active period for new apartment construction. Developers are forecast to deliver 19,500 apartment units are approximately 8,500 new units in 2021, a slight acceleration currently under construction from 2020 levels. NORTHMARQ INVESTMENT SALES | PAGE 3 NORTHMARQ.COM/MULTIFAMILY GREATER LOS ANGELES MULTIFAMILY MARKET REPORT | 4Q/2020 Multifamily Sales Investment Trends > Transaction activity in the fourth quarter closely tracked levels from the third quarter, although dollar volume picked up as there was a spike in sales greater than $75 million. Total sales velocity $300 6% ) for the year was down approximately 45 percent from 2019 levels. s $250 5% 0 0 A 0 ( v t e i $200 4% r n > Despite a decline in the number of properties that sold, prices a U g r e e C pushed higher in 2020.
Load more

Recommended publications
  • Copy of the Changing Face of the San Fernando Valley Rev 2…
    The Changing Face of the San Fernando Valley By Joel Kotkin Erika Ozuna 2002 A Project of: Pepperdine University-School of Public Policy and the Economic Alliance of the San Fernando Valley PRELIMINARY DRAFT - PREVIEW EDITION Tablle of Contents “In tackling these challenges, the Valley’s leadership must work not only to address 1. Introduction 3 these issues but do so in a way that 2. Historical Evolution: From stresses the common challenges an increasingly diverse population faces. the Chumash and Ranchland There is no Latino housing crisis, or to ‘America’s Suburb’ 5 Armenian crime problem, or Vietnamese 3. The Mestizo Valley 10 education deficit. These are common 4. Are We on the Road to problems faced by all Valleyites; they can Ghettoization? 13 only be solved by this community acting 5. Rethinking the Valley as a as one.” ‘Melting Pot Suburb’ 16 6. Looking Forward: Prospects for the Mestizo Valley 19 7. The Challenge to Leadership 22 Special Thanks To: Jennifer Seuss, Karen Speicher, Val Aslanyan, Luci Stephens, Talar Aslanian, Gregory Ponds (Master of Public Policy Candidates – School of Public Policy) James Wilburn, dean, School of Public Policy, as well as Jon Kemp, Tami McKelvy, Sheryl Kelo and Marie-Ann Thaler, all of Pepperdine University; David W. Fleming, Robert L. Scott and Bruce D. Ackerman of the Economic Alliance of the San Fernando Valley © Copyright 2002, Economic Alliance of the San Fernando Valley, 5121 Van Nuys Blvd. Sherman Oaks, CA - 818-379-7000 – [email protected] - All Rights Reserved San Fernando Valley 2 The Changing Face of the San Fernando Valley INTRODUCTION Few places in America over the past quarter century have undergone as profound a change in its ethnic character than the San Fernando Valley.
    [Show full text]
  • San Fernando Valley Burbank, Burbank Sunrise, Calabasas
    Owens Valley Bishop, Bishop Sunrise, Mammoth Lakes, Antelope Valley and Mammoth Lakes Sunrise Antelope Valley Sunrise, Lancaster, Lancaster Sunrise, Lancaster West, Palmdale, Santa Clarita Valley and Rosamond Santa Clarita Sunrise and Santa Clarita Valley San Fernando Valley Burbank, Burbank Sunrise, Calabasas, Crescenta Canada, Glendale, Glendale Sunrise, Granada Hills, Mid San Fernando Valley, North East Los Angeles, North San Fernando Valley, North Hollywood, Northridge/Chatsworth, Sherman Oaks Sunset, Studio City/Sherman Oaks, Sun Valley, Sunland Tujunga, Tarzana/Encino, Universal City Sunrise, Van Nuys, West San Fernando Valley and Woodland Hills History of District 5260 Most of us know the early story of Rotary, founded by Paul P. Harris in Chicago Illinois on Feb. 23, 1905. The first meeting was held in Room 711 of the Unity Building. Four prospective members attended that first meeting. From there Rotary spread immediately to San Francisco California, and on November 12, 1908 Club # 2 was chartered. From San Francisco, Homer Woods, the founding President, went on to start clubs in Oakland and in 1909 traveled to southern California and founded the Rotary Club of Los Angeles (LA 5) In 1914, at a fellowship meeting of 6 western Rotary Clubs H. J. Brunnier, Presi- dent of the Rotary Club of San Francisco, awoke in the middle of the night with the concept of Rotary Districts. He summoned a porter to bring him a railroad sched- ule of the United States, which also included a map of the USA, and proceeded to map the location of the 100 Rotary clubs that existed at that time and organized them into 13 districts.
    [Show full text]
  • Long Beach Water Department [ Vii ] J CONTENTS TABLES (Continued) Page Nlllllvcr Page LETTER of Transmitral
    WATER DEPARTMENT CITY OF LONG BEACH. CALIFORNIA HISTORY AND ANNUAL REPORT -.k 1943 - 1944 , i --_.--- ---- --- WATER DEPARTMENT CITY OF LONG BEACH, CALIFORNIA HISTORICAL SKETCH and ANNUAL REPORT July 1, 1943 to June 30, 1944 I i I I LONG BEACH 1944 Dedicated to tile memory of GEORGE ROYAL WADE, beloved GenerallY!ana!ler of tIle Long Beach Waler Department from December 19, 1940, to November 24-, 19#. under 'Whose direction tile book 'Was pre­ pared. His great desire -'Was to see it in print, but the Supreme Architect of tile Universe 'Willed otherwise and called him while it was still unfillislud. ---------------~ • ~ drop of water~ taken up from the ocean by a Slln­ healll~ shall fall as a snowflake upon the moun/a"in top, rest in the frozen silence through the long winter~ stir again under the summer sun and seek to find its way back to the sea down the granite steeps and fissures. It shall join its fellows in mad frolics in mountain gorgesJ singing the song of falling waters and dancing with the fairies in the moonlight. It shall lie upon the bosom of a crystal lake, and forget for a while its quest of the ocean level. Again it shall obey the law and resume its journey with mUT111urSflnd !rettinULo and then it shall pass out of the sunlight and the free air and be borne along a weary way in darkness and silence. for many days. And at last the drop that fell as a snowflake upon the Sierra)s crest and set out to find its home in the sea) shall be taken up from beneath the ground by a thirsty rootlet and distilled into the perfume of an orange blossom in a garden .
    [Show full text]
  • Three Chumash-Style Pictograph Sites in Fernandeño Territory
    THREE CHUMASH-STYLE PICTOGRAPH SITES IN FERNANDEÑO TERRITORY ALBERT KNIGHT SANTA BARBARA MUSEUM OF NATURAL HISTORY There are three significant archaeology sites in the eastern Simi Hills that have an elaborate polychrome pictograph component. Numerous additional small loci of rock art and major midden deposits that are rich in artifacts also characterize these three sites. One of these sites, the “Burro Flats” site, has the most colorful, elaborate, and well-preserved pictographs in the region south of the Santa Clara River and west of the Los Angeles Basin and the San Fernando Valley. Almost all other painted rock art in this region consists of red-only paintings. During the pre-contact era, the eastern Simi Hills/west San Fernando Valley area was inhabited by a mix of Eastern Coastal Chumash and Fernandeño. The style of the paintings at the three sites (CA-VEN-1072, VEN-149, and LAN-357) is clearly the same as that found in Chumash territory. If the quantity and the quality of rock art are good indicators, then it is probable that these three sites were some of the most important ceremonial sites for the region. An examination of these sites has the potential to help us better understand this area of cultural interaction. This article discusses the polychrome rock art at the Burro Flats site (VEN-1072), the Lake Manor site (VEN-148/149), and the Chatsworth site (LAN-357). All three of these sites are located in rock shelters in the eastern Simi Hills. The Simi Hills are mostly located in southeast Ventura County, although the eastern end is in Los Angeles County (Figure 1).
    [Show full text]
  • San Fernando Valley Business Journal the Valley 200 July 20, 2020 Table of Contents
    THE VALLEY 200THE MOST INFLUENTIAL LEADERS IN THE VALLEY AREA 2020 017_sfvbj_V200_Section Cover.indd 17 7/14/20 1:48 PM 18 SAN FERNANDO VALLEY BUSINESS JOURNAL THE VALLEY 200 JULY 20, 2020 TABLE OF CONTENTS 20 INDEX 38 FINANCE 22 LETTER FROM THE 43 GOVERNMENT EDITOR & PUBLISHER 47 HEALTH CARE 24 ADVISORS 30 BUSINESS 51 ORGANIZATIONS 36 EDUCATION 54 REAL ESTATE We congratulate all the leaders in the Valley 200. Thanks to them, our economy is stronger and our community is better! 018_sfvbj_V200_TOC.indd 18 7/14/20 1:49 PM JULY 20, 2020 SAN FERNANDO VALLEY BUSINESS JOURNAL 19 MEET THE COMPANY THAT’S BEEN IMPROVING BOTTOM LINES SINCE 1991 We bring a new approach to business and personal insurance. One that makes sure you’re not simply protected against liability, but sheltered from risk in the first place. We put decades of experience and know-how to work in helping you avoid expensive claims before they start and then mitigating claims when they do occur. 800-578-8802 POMSASSOC.COM 009-57_sfvbj_fullpages20200720.indd 19 7/13/20 5:13 PM 20 SAN FERNANDO VALLEY BUSINESS JOURNAL THE VALLEY 200 JULY 20, 2020 INDEX PEOPLE K Shafferty, John . 29. Commerce Department . 51 N Kahn, Dan . .28 Shapiro, David . 46 Community Foundation of the Valleys 52. Northeast Valley Health Corp . 50 A Kasendorf, Alexander . 28 Sherman, Brad . 46 Compass Charter Schools . .36 O Adam, Al . .43 Katz, Richard . 28 Simpson, Danone . 42 ConsejoSano . .47 Oschin Partners . 29 Adelstein, Wayne . 24 Khorsand, Vahid . 40 Skeeter, Jane . 35 Cooper Communications Inc .
    [Show full text]
  • Los Angeles Transportation Transit History – South LA
    Los Angeles Transportation Transit History – South LA Matthew Barrett Metro Transportation Research Library, Archive & Public Records - metro.net/library Transportation Research Library & Archive • Originally the library of the Los • Transportation research library for Angeles Railway (1895-1945), employees, consultants, students, and intended to serve as both academics, other government public outreach and an agencies and the general public. employee resource. • Partner of the National • Repository of federally funded Transportation Library, member of transportation research starting Transportation Knowledge in 1971. Networks, and affiliate of the National Academies’ Transportation • Began computer cataloging into Research Board (TRB). OCLC’s World Catalog using Library of Congress Subject • Largest transit operator-owned Headings and honoring library, forth largest transportation interlibrary loan requests from library collection after U.C. outside institutions in 1978. Berkeley, Northwestern University and the U.S. DOT’s Volpe Center. • Archive of Los Angeles transit history from 1873-present. • Member of Getty/USC’s L.A. as Subject forum. Accessing the Library • Online: metro.net/library – Library Catalog librarycat.metro.net – Daily aggregated transportation news headlines: headlines.metroprimaryresources.info – Highlights of current and historical documents in our collection: metroprimaryresources.info – Photos: flickr.com/metrolibraryarchive – Film/Video: youtube/metrolibrarian – Social Media: facebook, twitter, tumblr, google+,
    [Show full text]
  • 1048 S Los Angeles Street Is Located Less Than Three Miles from the Ferrante, a Massive 1,500-Unit Construction Project, Scheduled for Completion in 2021
    OFFERING MEMORANDUM A Signalized Corner Mixed-Use Retail and Office Property Ideally located in the heart of Downtown Los Angeles in the Iconic Fashion District brandonmichaelsgroup.com INVESTMENT ADVISORS Brandon Michaels Senior Managing Director of Investments Senior Director, National Retail Group Tel: 818.212-2794 [email protected] CA License: 01434685 Matthew Luchs First Vice President Investments COO of The Brandon Michaels Group Tel: 818.212.2727 [email protected] CA License: 01948233 Ben Brownstein Senior Investment Associate National Retail Group National Industrial Properties Group Tel: 818.212.2812 [email protected] CA License: 02012808 Contents 04 Executive Summary 10 Property Overview 16 Area Overview 28 FINANCIAL ANALYSIS Executive Summary 4 1048 S. Los Angeles St The Offering A Signalized Corner Mixed-Use Retail and Office Property Ideally located in the heart of Downtown Los Angeles in the Iconic Fashion District The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale 1048 South Los Angeles Street, a two-story multi-tenant mixed-use retail and office property ideally located on the Northeast signalized corner of Los Angeles Street and East 11th Street. The property is comprised of 15 rental units, with eight retail units on the ground floor, and seven office units on the second story. 1048 South Los Angeles Street is to undergo a $170 million renovation. currently 86% occupied. Three units are The property is located in the heart of vacant, one of which is on the ground the iconic fashion district of Downtown floor, and two of which are on the Los Angeles, which is home to over second story.
    [Show full text]
  • Downtownla VISION PLAN
    your downtownLA VISION PLAN This is a project for the Downtown Los Angeles Neighborhood Council with funding provided by the Southern California Association of Governments’ (SCAG) Compass Blueprint Program. Compass Blueprint assists Southern California cities and other organizations in evaluating planning options and stimulating development consistent with the region’s goals. Compass Blueprint tools support visioning efforts, infill analyses, economic and policy analyses, and marketing and communication programs. The preparation of this report has been financed in part through grant(s) from the Federal Highway Administration (FHWA) and the Federal Transit Administration (FTA) through the U.S. Department of Transportation (DOT) in accordance with the provisions under the Metropolitan Planning Program as set forth in Section 104(f) of Title 23 of the U.S. Code. The contents of this report reflect the views of the author who is responsible for the facts and accuracy of the data presented herein. The contents do not necessarily reflect the official views or policies of SCAG, DOT or the State of California. This report does not constitute a standard, specification or regulation. SCAG shall not be responsible for the City’s future use or adaptation of the report. 0CONTENTS 00. EXECUTIVE SUMMARY 01. WHY IS DOWNTOWN IMPORTANT? 01a. It is the birthplace of Los Angeles 01b. All roads lead to Downtown 01c. It is the civic, cultural, and commercial heart of Los Angeles 02. WHAT HAS SHAPED DOWNTOWN? 02a. Significant milestones in Downtown’s development 02b. From pueblo to urban core 03. DOWNTOWN TODAY 03a. Recent development trends 03b. Public infrastructure initiatives 04.
    [Show full text]
  • Assault Rifle / High Capacity Magazine Arrest
    Oxnard Gang Member Arrested For Assault Rifle 1/5/2017 9:46:00 PM Nature of Incident: Assault Rifle / High Capacity Magazine Arrest Report Number: 17-1581 (Ventura County Sheriff's Office) 17-1116 (Oxnard Police Department) Location: 300 block of Gibralter Street, City of Oxnard Date & Time: January 4, 2017 7:00 PM Unit(s) Responsible: Ventura County Sheriff's Office, Oxnard Police Department (S)uspects, (V)ictims, (P)arty, (D)ecedent City of Residence Age Juan Davalos Oxnard 18 Narrative: On January 4, 2017, Investigators received information about a criminal street gang associate possessing an assault rifle in the City of Oxnard. The investigation led to the seizure of a loaded assault rifle, a high capacity magazine and the arrest of Juan Davalos. On January 4, 2017 Investigators with the Ventura County Sheriff's Office Special Crimes Unit and the Oxnard Police Department learned Juan Davalos, who is an Oxnard criminal street gang associate, was in possession of an assault rifle. Investigators began an investigation and obtained a search warrant to search Davalos' residence in the 300 block of Gibralter Street in the City of Oxnard. The Oxnard Police Department Special Enforcement Unit along with the Violent Crimes Unit executed the search warrant at the residence. A search of the residence revealed an assault rifle with a loaded high capacity magazine. Davalos was taken into custody without incident and booked into the Ventura County Jail for a warrant on an unrelated case. Investigators arrested Davalos for the weapons charges, but released him pending further forensic analysis. Prepared by: Sergeant J.
    [Show full text]
  • Voices of Compton  Compton Literary / Arts Journal Dr
    Acknowledgements Voices of Compton Compton Literary / Arts Journal Dr. Keith Curry, CEO Ms. Barbara Perez, Vice President Mr. Robert Butler, Student Life Office Mr. Cleveland Palmer, Contributor of Student Artwork Ms. Chelvi Subramaniam, Humanities Chair Dr. Ruth Roach, Publication Coordinator & English Faculty Mr. Jose Bernaudo, Reader & English Faculty Mr. David Maruyama, Reader & English Faculty Ms. Toni Wasserberger, Reader & English Faculty Mr. Patrick McLaughlin, First Year Experience & English Faculty Ms. Amber Gillis, Advisory Team Member and Faculty Member Associated Student Body & Humanities Division Faculty Cover Artwork: Jennifer Deese, Dalia Cornejo, Tyler Sims, Luis Mota, Amy Huerta Cruz, Violeta Martinez, Adriana Sanchez, Marysol Ortiz 2011-2012 Publisher: Southern California Graphics® ©Copyright 2012 All rights reserved. 1 2 Table of Contents |30| Poem about My Own People (Poem) by Lonnie Manuel UPTOWN |31| Man-child: My |40| Emergency Room Pages [13] My Sense of Identity Experience (Essay) (Essay) [4] A Father’s Love (Poem) (Essay) by David Richardson by Jaime Yoshida by Stephanie Bentley by Desiree Lavea |32| Poverty: My Experience |43| “Underdog” (Poem) [4] Self Portrait (Sketch) [15] Love Is (Poem) (Essay) by Carlos Ornelas by Tony McGee by Erica Monique Greer by Rodney Bunkley |43| The Joker (Painting) [5] Untitled (Sketch) [16] Love Confessions |34| Depression from by Ricardo Villeda (Guest) by Tony McGee by Danny Westbrook Oppression (Essay) |44| Children of the Universe [5] Rikki (Poem) [16] Have You Seen the
    [Show full text]
  • Press Release
    Greater Los Angeles Healthcare System 11301 Wilshire Boulevard Los Angeles, CA 90073 Press Release FOR FURTHER INFORMATION CONTACT: Michiko Riley Public Affairs Office 310.478.3711 ext 49947 [email protected] FOR INFORMATIONAL PURPOSES VA GREATER LOS ANGELES PARTICIPATES IN THE 2011 SAN FERNANDO VALLEY VETERANS DAY PARADE LOS ANGELES - Veterans Affairs (VA) Greater Los Angeles Healthcare System (GLA) participates in the San Fernando Valley Veterans Day Parade on Friday, Nov. 11, from 9 a.m. to 3 p.m. in support of Veterans. “GLA is thrilled to participate in the San Fernando Valley Veterans Day Parade,” said Donna Beiter, Director, GLA. “We are here to honor our Veterans– the brave men and women who set aside their personal safety to defend and protect our nation.” GLA’s float design is a tribute to VA’s Core Values: Integrity, Commitment, Advocacy, Respect and Excellence, better known as I CARE. I CARE defines what the VA stands for and helps guide how the organization performs their core mission; they shape strategy, and influence resource allocation and other decisions made within VA. The GLA float will feature veterans and healthcare workers. The 8th Annual San Fernando Valley Veterans Day Parade is a tradition started in 2003 with members of the Los Angeles, Veterans Advisory Commission in coordination with the community to establish the parade and pay tribute to America’s heroes—the Veterans of our Armed Forces. The procession begins at the corner of Laurel Canyon Boulevard and San Fernando Mission Boulevard, proceeding down Laurel Canyon for 1.1 miles. - more – Page 2 of 2 This year’s Grand Marshal is United States Marine Corp (USMC) Capt.
    [Show full text]
  • 3801 W. TEMPLE Avevue Pomova, CA 91768-2557 (909) 869-3400
    THE CAL POLY POMONA PROCUREMENT AND SUPPORT SERVICES CO D E OF ETHI C S As public employees and purchasing professionals, we commit ourselves to provide leadership and dedicated service to our customers and to apply our best, un- biased judgment and maintain the highest ethical and moral standards in the conduct of CSU business. We guide our activity through the application and adherence to the following commonly shared values and ethical standards in our daily interaction with suppliers and University customers: 1. Conduct business in good faith; demanding honest, legal, and ethical practices from all participants in the purchasing process. 2. Foster an open environment by being fair and reasonable in all dealings. 3. At no time and under no circumstances accept directly or indirectly, gifts, gratuities DOING BUSINESS WITH or other things of value which might influence, or appear to influence, purchasing decisions. CALIFORNIA STATE POLYTE C HNI C UNIVERSITY , OMONA 4. Promote positive supplier/contractor relationships by according vendor represen- P tatives courteous, fair and ethical treatment. 5. Make reasonable efforts to negotiate equitable and mutually agreeable settlements (CAL POLY POMONA ) of controversies with supplier(s). RO C UREMENT U pp ORT ERVI C ES 6. Avoid involvement in any transactions/activities that could be considered to be P & S S a conflict between personal interests and the interests of the CSU. 7. Know and obey the letter and spirit of laws governing the purchasing function and remain alert to the legal ramifications of purchasing decisions. 3801 W. TEM P LE AVENUE BUIL D ING 75 POMONA , CA 91768-2557 (909) 869-3400 http://www.csupomona.edu/~procurement Revised 2009 AB OUT CAL POLY POMONA California State Polytechnic University, Pomona (Cal Poly Pomona) is one of 23 campuses in the California State University system.
    [Show full text]