Wednesday, January 28, 2009


JANUARY 2009

Table of Contents
- Real Estate Roundup (December 2008)
- AAA Expands Fairfield Operations
- Annual Meeting
- Did you know?


Real Estate Roundup (December 2008)

CBRE (www.cbre.com)
- 400 Crocker Drive, Vacaville – 40,000 s/f lease to Pacific Cycle
- Building 507 Mare Island, Vallejo – 27,784 s/f lease to Alamillo Rebar

Colliers International (www.colliersparrish.com)
- 537 Stone Road, #A Benicia – 15,488 s/f lease renewal to Velan Valve Corporation
- 6210 Goodyear Road, Benicia – 14,400 s/f lease renewal to MB Contract Furniture Inc.
- 505 Lopes Road, Fairfield - ±13,573 s/f lease to Universal Plant Services, Inc.
- 480 Chadbourne Rd (Busch Campus Park), Fairfield - 9,694 s/f sale to Geisse, LLC

Cushman & Wakefield (www.cushmanwakefield.com)
- 2445 S. Watney Way, Fairfield - 30,000 s/f subleased to ABS Logistics
- 2445 S. Watney Way, Fairfield – 18,000 s/f subleased to The Olive Oil Factory
- 4885 Fulton Drive, Suite D Fairfield – 5,200 s/f lease to Clear Memories, Inc.
- 495 Edison Ct, Suite A in Fairfield – 5,100 s/f lease to Euro Closures

Grubb & Ellis (www.grubb-ellis.com)
- 6210 Goodyear Road, Benicia – 14,400 s/f lease renewal to MB Contract Furniture Inc.
- 3333 Vaca Valley Parkway, Vacaville – 7,100 s/f lease to Novartis


AAA EXPANDING FAIRFIELD OPERATIONS
225 Employees Will Move Into New Facility by Mid 2009

AAA Northern California has announced that 225 employees will be moving into a new facility at 5251 Business Center Drive in Fairfield. Of those employees, about 165 will be relocating from the San Francisco headquarters, and about 60 others will relocate from their current office in Fairfield.

“Where we locate specific functions is based on what makes the most sense for the business unit and the company, and the new Fairfield location is a perfect fit,” said Matt Skryja, AAA Northern California spokesperson. “The addition of more jobs in Fairfield means not only an economic boost for the Solano County economy, but it also is the most efficient and cost-effective way to organize our work groups.”

AAA needed a larger facility in Solano County given that AAA is joining its business fulfillment center operations, already in Fairfield, with business fulfillment center employees currently working in the San Francisco headquarters. This includes employees from accounts receivable, billing services, copy center, corporate mail, membership operations, records services, and travel accounting. Other teams coming from headquarters will draw from the information technology, human resources and finance divisions. The new office location is a 104,000-square-foot, single-story building, of which AAA will lease 52,000 square feet. Employees are scheduled to begin phased relocation to the new facility in March 2009 and complete the move by June 2009.

AAA Northern California offers a wide array of automotive, travel, insurance, DMV, financial services and consumer discounts to more than 4 million members. AAA has been a leader and advocate for the safety and security of all travelers since it was founded more than 100 years ago.
_________________________________________________

26th Solano EDC Annual Meeting – Thursday, January 29, 2009

Jay Adair, president of Fairfield headquartered Copart, the nation's largest remarketing vehicle company, will key note Solano Economic Development Corporation 26th Annual Meeting on January 29 at the Hilton Garden Inn in Fairfield, CA.

Adair will talk about how Copart has changed since it opened in 1982 in Vallejo to becoming the leader in selling more than one million vehicles annual through Copart’s unique online internet auction.

This event will also include Solano EDC’s annual review of successful 2008 community development highlights as well as introduction of the newly elected Solano EDC Board of Directors for 2009.

The annual meeting will be held at the Fairfield Hilton Garden Inn. Registration and networking begins at 11 a.m. with lunch and program at 11:30a.m. Cost is only $45 per person or $350 for a table of eight. Please call Pat at 707-864-1855 for reservations or additional event information.

Sponsors include: CPV Vaca Station, enXco, Kaiser Permanente, NorthBay Healthcare, Pacific Gas and Electric, Sutter Health and Travis Credit Union.
All Solano EDC monthly programs are underwritten by Chairman's Circle Members including Potrero Hills Landfill, Solano Garbage Company and Touro University.

_________________________________________________


Did you know?

The Economic Impact of the Super Bowl for the Host City.

Tampa Bay is in for scaled back spending on the Super Bowl because of the current economy, a new study by PricewaterhouseCoopers LLP says.

Hospitality and other tourism activities surrounding Super Bowl XLIII will generate approximately $150 million in direct spending, nearly $45 million less than the past two championships, held in Phoenix and Miami. Super Bowl XXXVII, played in Tampa in 2001, brought slightly more than $140 million in direct spending to the area.

But the $150 million is still better than the game generated in Detroit in 2006 ($118 million), Jacksonville in 2005 ($124 million) and Houston in 2004 ($135 million).

Source: http://www.bizjournals.com/tampabay/stories/2009/01/19/daily32.html

_________________________________________________


The Solano Economic Development Corporation’s mission is to enhance the economic vitality
and quality of life in Solano County communities through the attraction,
growth and retention of business and industry.

Solano EDC Team

Mike Ammann, President (mike@solanoedc.org)
Sandy Person, Vice-President (sandy@solanoedc.org)
Pat Uhrich, Office Manager (pat@solanoedc.org)
Andy Turba, Special Projects (andy@solanoedc.org)

Solano Economic Development Corporation
360 Campus Lane, Suite 102, Fairfield, CA 94534
Phone: (707) 864-1855 Fax: (707) 864-6621
Website: http://www.solanoedc.org/