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.

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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.”

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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.”

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In the position, Whitaker will expand and provide leadership toinvestment acquisitions and sales, partner development andself-development opportunities. Present Value Properties has beenvery active in the Utah market for many years.

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“Brad's extensive experience in both the retailer and developerworlds uniquely qualify him to assist our clients in making soundinvestments in existing assets and in mitigating the risksassociated with new developments,” Fisher tells GlobeSt.com. “Ourgoal is find opportunities to deploy capital in overlooked marketsand assets in the high job growth areas, and Brad's knowledge ofthe markets and retailer contacts will allow [us] to make strategicinvestments throughout the intermountain states.”

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Whitaker has served in various corporate development roles overhis 30-plus-year career including most recently serving as the SVPof real estate and station development for TransfuelsLLC, a developer of Liquid Natural Gas stationsnationally.

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Previously, he was president and CEO of the WhitakerGroup Inc., a regional shopping center developer, chiefdevelopment officer for Panda Express during itsexplosive growth moving the company from 50 locations to 1,200, aswell as VP of development or other senior management positions forYUM Brands (KFC and Pizza Hut), CKERestaurants (Carl's Jr.), and MarriottHotels.

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During his career, Whitaker has procured more than 1,800restaurants, 75 hotels, 50 shopping centers, and other commercialreal estate projects and ventures. Whitaker has developed in almostall the major markets in the US and many internationally. He willbe located at 1252 Dogwood Dr. in Mapleton.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.