MAPLETON, UT—Present Value Properties Inc., afull service retail real estate brokerage and consulting firmheadquartered in Tustin, CA, has revealed that retail real estateveteran Bradley O. Whitaker has joined the firm asEVP. In this position, he will expand and provide leadership toinvestment acquisitions and sales, partner development andself-development opportunities.

Greg Fisher, president of Present ValueProperties, exclusively tells GlobeSt.com that the firm is “excitedto be expanding our presence in the intermountain area because thefundamentals economic conditions are so sound.” Job growth, hesays, “is very good in these areas due to the highly educated workforce with a high work ethic, and state governments that arefacilitating business growth with their wise policies. When you addthese two factors to the increasing population from both naturalbirth rate and in-migration, it creates a perfect environment forretail development.”

He adds that “We are also finding cap rate arbitrageopportunities to move investor money from oversold markets with lowcap rates and into comparable quality assets in the intermountainregion selling at higher cap rates. There has always been about 100to 150 basis point spread between California and other states, butrecently we are seeing that spread increase as California assetsincrease in price. We have several California clients who recognizethese advantages and are eager to take advantage of thisdisequilibrium.”