ADVERTISEMENT
  • About
  • Contact
  • Testimonials
  • Demographics & Advertising Rates
Monday, January 18, 2021
Search
    Generic filters
    California Business Journal
    56 °f
    Los Angeles
    60 ° Tue
    65 ° Wed
    62 ° Thu
    57 ° Fri
    51 ° Sat
    51 ° Sun
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      Nicholas Yrizarry

      In Perfect Alignment

      Invest-in-Your-Childs-Future

      Start Investing Now For Your Child’s Future

      IMG 8554 - From a “Wish List” to a “Reality List”

      From a “Wish List” to a “Reality List”

      ScamKeyboard

      5 All Too Common Investment Scams (and How to Avoid Them)

    • People
    • Featured
      Silicon V Real Instituto

      The Entrepreneurs ‘Angell’

      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Flags-of-the-world

      The Impact of Covid: Racing to Buy Second Citizenships

      Photonic Chip

      The First Photonic Chip Has Arrived. What Does That Mean For Augmented Reality?

      Supreme Court Sports Betting

      California’s Bid for 2022 Sports Betting Legislation

    • Technology
      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Plaxonic Technologies Innovate

      Plaxonic Technologies: Leading Innovation

      tech devises of the future - Latest Devices to Make Our Lives Easier

      Latest Devices to Make Our Lives Easier

      hands of business people typing on a keyboard - Should You Start An Online Business: 4 Things To Consider First

      Should You Start An Online Business: 4 Things To Consider First

    • Law
      law books

      Career paths available with a law degree

      background-check

      How Do Background Check Sites Find Your Information?

      hurricane

      Weathering the Storm

      tower-bridge-london-england

      How to apply from the USA to one of the most famous law universities in the UK

    • News
      AB3088

      California COVID-19 Rent Relief Policies Economically Unsustainable

      american-flag

      Dreamers Won Full Restoration of DACA…What Now?

      Airplane Landing

      London Heathrow one step closer to controversial third runway

      Payment Gateway Online Payment Services

      California Mutual Partners with Invoice Cloud to Improve Insurer’s Efficiency and Simplify Process for Policyholders

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      San Diego skyline

      Insider Corner: David Ebrahimzadeh Discusses The 10 Best California Towns to Invest In

      Dan Lok

      Startup Central: Dan Lok’s ‘Take’ on How to Get Your Startup Off the Ground

    • Health & Fitness
      Eesha Patel feature

      Multi-Dimensional Reality

      166521182

      One Hour Each Morning for the Remaining 23

      The Surprising Link Between Gut Health and Mental Health - The Surprising Link between Gut Health and Mental Health

      The Surprising Link between Gut Health and Mental Health

      87 CBN vs CBD How Are the Benefits Different - Commonly Asked Questions About CBD Oil in the USA

      Commonly Asked Questions About CBD Oil in the USA

    California Business Journal
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      Nicholas Yrizarry

      In Perfect Alignment

      Invest-in-Your-Childs-Future

      Start Investing Now For Your Child’s Future

      IMG 8554 - From a “Wish List” to a “Reality List”

      From a “Wish List” to a “Reality List”

      ScamKeyboard

      5 All Too Common Investment Scams (and How to Avoid Them)

    • People
    • Featured
      Silicon V Real Instituto

      The Entrepreneurs ‘Angell’

      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Flags-of-the-world

      The Impact of Covid: Racing to Buy Second Citizenships

      Photonic Chip

      The First Photonic Chip Has Arrived. What Does That Mean For Augmented Reality?

      Supreme Court Sports Betting

      California’s Bid for 2022 Sports Betting Legislation

    • Technology
      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Plaxonic Technologies Innovate

      Plaxonic Technologies: Leading Innovation

      tech devises of the future - Latest Devices to Make Our Lives Easier

      Latest Devices to Make Our Lives Easier

      hands of business people typing on a keyboard - Should You Start An Online Business: 4 Things To Consider First

      Should You Start An Online Business: 4 Things To Consider First

    • Law
      law books

      Career paths available with a law degree

      background-check

      How Do Background Check Sites Find Your Information?

      hurricane

      Weathering the Storm

      tower-bridge-london-england

      How to apply from the USA to one of the most famous law universities in the UK

    • News
      AB3088

      California COVID-19 Rent Relief Policies Economically Unsustainable

      american-flag

      Dreamers Won Full Restoration of DACA…What Now?

      Airplane Landing

      London Heathrow one step closer to controversial third runway

      Payment Gateway Online Payment Services

      California Mutual Partners with Invoice Cloud to Improve Insurer’s Efficiency and Simplify Process for Policyholders

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      San Diego skyline

      Insider Corner: David Ebrahimzadeh Discusses The 10 Best California Towns to Invest In

      Dan Lok

      Startup Central: Dan Lok’s ‘Take’ on How to Get Your Startup Off the Ground

    • Health & Fitness
      Eesha Patel feature

      Multi-Dimensional Reality

      166521182

      One Hour Each Morning for the Remaining 23

      The Surprising Link Between Gut Health and Mental Health - The Surprising Link between Gut Health and Mental Health

      The Surprising Link between Gut Health and Mental Health

      87 CBN vs CBD How Are the Benefits Different - Commonly Asked Questions About CBD Oil in the USA

      Commonly Asked Questions About CBD Oil in the USA

    Search
      Generic filters
      California Business Journal

      Shopoff Realty Investments shows how “confident decision-making” is invaluable now

      by Susan Belknapp, Senior Writer, California Business Journal
      A A
      Bill Shopoff 262 kb - Shopoff Realty Investments shows how "confident decision-making" is invaluable now
      Share on FacebookShare on Twitter

      (Photo: Bill Shopoff, president and CEO of Shopoff Realty Investments)

      “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – John Quincy Adams

      Unprecedented. Uncertain. Difficult. We hear these words almost hourly to describe our current times and they are accurate. At the time of this writing, we are immersed in uncertainty. Where is it going? How bad will it get? When will it be over? We see more than ever how important leadership is in every aspect of our lives: our family structure, our companies, and our governments and institutions, from local to global.

      “I think this time period, like many others of marked uncertainty, requires leadership,” says Bill Shopoff, president and CEO of Shopoff Realty Investments. “For me, today, I’m focused on continuing to provide strong, constructive, ethical leadership and productive, decisive, sound decision-making, as the cornerstone of managing our company and its real estate portfolio. This includes effectively executing on the strategies1 of the properties we already manage and own, while at the same time performing rigorous, stress-tested due diligence on any assets we consider acquiring. During a tumultuous, unprecedented time like this, measured, thoughtful decisions will be rewarded in the long term.”

      Shopoff provides a positive and inspiring example to his team and partners alike, demonstrating how to successfully weather an economic storm, based on decades of real-life experience. The ability to effectively communicate, confidently make decisions, and thoughtfully reassure those around you is arguably one of the most valued elements of leadership that the business community, and the general public, needs right now.

      Bill Shopoff has more than 40 years of business, real estate and investment expertise, growing his Irvine, California-based company, into an industry leader. Shopoff Realty Investments, founded in 19922, sources unique underutilized and undervalued assets, and transforming those opportunities, through creative strategies, into “exceptional value.”

      Throughout his career, Shopoff has handled the acquisition, development, and disposition of redeveloped and existing residential and commercial properties throughout the United States. Currently, the company manages and owns a diverse portfolio of exceptional properties, comprised of raw land, covered land, and commercial properties, which will be developed, redeveloped or repositioned “to achieve their highest and best use,” Shopoff says.

      During his long tenured career, Shopoff has led his company through several economic cycles including the Great Recession, subsequent recovery, and now the economic uncertainty that has been sparked by the COVID-19 pandemic. Navigating through what many worry will be a severe downturn, Shopoff recommends investors to keep an eye on the long-term, big picture, which he believes, disciplined real estate investors should be doing in any market.

      “Right before the pandemic, we invested capital into a new real estate project. Some people have now asked, including some partners, ‘Aren’t you anxious? You just put that capital out and now the market’s changing. Did you pay too much? Is the risk now too high?” he says.

      Related

      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      January 16, 2021
      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      January 15, 2021
      Load More

      “Despite the uncertainly, I am not. I didn’t buy this asset to flip it quick, or stabilized at full market price hoping the economy would continue to flourish. I bought it for a time horizon that’s beyond what’s going on today, and stress-tested to have a high probability of success in the face of what was already anticipated to be an upcoming recession. I also believe this real estate project is still worth more today then what we originally invested a few months ago, and additionally  I expect values will rise again, post-pandemic increasing its value.”

      What keeps Shopoff confident in the face of uncertainty is being deeply aware of market cycles – “but not be at their mercy,” he says. “What we at Shopoff do in both good markets and in bad, is always look for something that is going to be a better value in the future, not because of the external economic factors, but because of the value we can proactively create.”

      He focuses on value creation with every asset, whether that means securing new entitlements, creating a new business plan for a property, or injecting capital for renovations and to secure new leases. These are the types of strategies Shopoff employs to create opportunities in up or down markets.

      “Of course, while we carefully aim to execute on our strategies, we don’t know with certainty what the outcome will be as we navigate the pandemic downturn,” says Shopoff, who adds that he doesn’t see the real estate market facing the stress it did in the Great Recession. “It doesn’t have the same economic components, at least not long term,” he adds.

      The immediate problem is the millions of people who have now filed for unemployment. They are suffering. “Yet when the government decided to augment unemployment, it was great for the country. It’s not covering everybody, of course, but it’s covering enough people so it will help provide a safety net for when we emerge from this.”

      Uptown Newport Village Development in Newport Beach
      Uptown Newport Village Development in Newport Beach

      Fortunately, construction has been allowed to continue in many regions, as Shopoff has several development projects currently underway, including Parkhouse Residences, part of “Uptown Newport” in Newport Beach, California.

      The second-quarter performance for the U.S. and worldwide economies will be dramatically impacted even more than they already have and Q3 will likely be difficult as well, experts says. Shopoff expects that the country will be back to lower unemployment and market stability by the end of this year — or early 2021.

      “People can make decisions out of fear when it comes to investments,” he says. “When prices drop or there is volatility, they tend to sell. But, when toilet paper goes on sale, they back up the truck. It’s counterintuitive, but when it comes to investments, if prices decrease, many worry they’ll continue to go down further, and some sell. In reality, this is the time to hold those investments and wait until the market rises once again or to buy if you have cash.”

      Having the expertise to underwrite and acquire real estate deals — in a time where everybody is pessimistic — is another place where experience and a ‘steady hand’ can be integral in continuing to keep a business on track, and ultimately making it successful.

      “We do think, in the next three to six months, there will be interesting opportunities ahead and they’ll be different than the opportunities we we’re looking at last year,” Shopoff says. “We are cautiously optimistic that we’ll be able to leverage our unique relationships and skillset to deploy capital and take advantage of the right real estate, in the right location, for the right price.”

      Copyright © 2020 California Business Journal. All Rights Reserved.

      ADVERTISEMENT

      1There is no assurance that this strategy will succeed to meet its investment objectives.

      21992 to present as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). William Shopoff is the founder and principal of all these entities. 

       Shopoff Realty Investments is an Irvine, California-based real estate firm with a 28-year history of value-add and opportunistic investing across the United States. The 28-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses.

      Information contained in this article is not intended as investment, tax or legal advice and people are encouraged to discuss investment decisions with their legal, tax and financial advisors. There is no assurance that future real estate investments and projects will be successful. Alternative investment performance can be volatile and value-added real estate investments may involve additional risks. A real estate investor could lose all or a substantial amount of their investment.

      This is neither an offer to sell nor a solicitation of an offer to buy any security. Such an offer may only be made by means of an offering document that must accompany or precede this information. Past performance and/or forward looking statements are not an assurance of future results. Securities offered through Shopoff Securities, Inc., Member FINRA/SIPC, (844) 4-Shopoff.

      Shopoff Realty Investments / CalBizJournal.com
      Shopoff Realty Investments / CalBizJournal.com
      Shopoff Realty Investments / CalBizJournal.com
      Shopoff Realty Investments / CalBizJournal.com

       

      Tags: BeachBill ShopoffBusiness PlanCaliforniaCEOcommercialCovid-19developmenteconomyEstatefinancial advisorsGroupinformationinvestinginvestmentinvestmentsinvestorinvestorsIrvineLandLeadershiplocalNewport Beachportfoliopropertiesreal estateReal Estate InvestmentsrelationshipsresidentialShopoff Realty Investmentstax

      Get real time update about this post categories directly on your device, subscribe now.

      Unsubscribe
      ADVERTISEMENT
      Previous Post

      The Rise of the Robots and its Effects on Business and Industry

      Next Post

      Ride The Wave

      Susan Belknapp, Senior Writer, California Business Journal

      Susan Belknapp, Senior Writer, California Business Journal

      Susan Belknapp is a Writer, Editor and Corporate Communications expert with 15 years of professional writing experience across a wide variety of disciplines, including monthly print and digital magazines, social media, marketing and brand development. A graduate of University of Southern California with a degree in Fine Arts and Filmic Writing, Susan was Editor of OC Metro Magazine, which became part of the Orange County Register. Susan is also the Founder of Chonubusu Toffee, an online/direct-sale English toffee company specializing in custom orders, events, personalized labeling and dangerously delicious product prepared with the finest ingredients.

      WHAT TO READ NEXT

      dna-double-helix-chemical-formulas-computer-generated-d-rendering-medical-research-background-rotation-184787276
      Business

      Who is part combination scientist, inventor, anthropologist, explorer, designer, engineer, architect, reporter, journalist, museum curator, travel guide, therapist, teacher, trainer and athletic coach.

      January 14, 2021
      Lisa Thee
      Business

      Launch Pad

      January 14, 2021
      Silicon V Real Instituto
      Featured

      The Entrepreneurs ‘Angell’

      January 12, 2021
      gary vaynerchuk finger
      Business

      Gary Vaynerchuk’s Essential Tips For Business Growth

      January 8, 2021
      art and science of conversation
      People

      The Art and Science of Conversation

      January 7, 2021
      eCommerce
      Business

      Emerging eCommerce Consultant Companies to Watch in 2021

      January 7, 2021
      Next Post
      CALBIZJOURNAL3TBT - Ride The Wave

      Ride The Wave

      Follow Us

      ADVERTISEMENT

      Categories

      • Art & Culture
      • Business
      • Editor's Choice
      • Education
      • Featured
      • Finance
      • Food & Dining
      • Health & Fitness
      • Human Interest
      • Insurance
      • Law
      • Marketing
      • Medical
      • News
      • People
      • Popular
      • Real Estate
      • Social Media
      • Technology
      • Uncategorized

      CBJ Partner Firebrand Media

      Laguna Beach Independent Newspaper

      Laguna Beach Magazine

      Laguna Beach City Guide

      On The Menu Laguna Beach

      Newport Beach Independent Newspaper

      Newport Beach Magazine

      Newport Beach Country Club Magazine

      Coastal Real Estate Guide (NB,LB, CDM)

      Montage Magazine

      Monarch Beach Resort Magazine

      Pacific Coast Magazine (SoCal)

      Omni Escapes Hotel Magazine

      Sea Island Life Magazine

      Salamander Hotel & Resorts Magazine

      Bespoke Concierge New York

      Evans Hotels

      View our entire portfolio here

      ADVERTISEMENT
      ADVERTISEMENT
      Facebook Twitter LinkedIn LinkedIn Instagram
      C B J   LOGO  SVG-01
      • About
      • Contact
      • Testimonials
      • Demographics & Advertising Rates

      Newsletter

      Top Stories

      • Judge gavel, scales of justice and law books in court

        Lawsuit Basics: How Much Does It Cost to Sue Someone?

        0 shares
        Share 0 Tweet 0
      • REPORT: TECH GIANT CISCO ABOUT TO LAY OFF 14,000

        0 shares
        Share 0 Tweet 0
      • The DealMaker

        0 shares
        Share 0 Tweet 0

      Latest Articles

      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      January 16, 2021
      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      January 15, 2021
      dna-double-helix-chemical-formulas-computer-generated-d-rendering-medical-research-background-rotation-184787276

      Who is part combination scientist, inventor, anthropologist, explorer, designer, engineer, architect, reporter, journalist, museum curator, travel guide, therapist, teacher, trainer and athletic coach.

      January 14, 2021

      California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
      ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
      Site Design by 1REALTOUR

      Search
        Generic filters
        • Front Page
        • Business
          • Insurance
          • Real Estate
        • Finance
        • People
        • Featured
        • Technology
        • Law
        • News
        • Human Interest
          • Food
          • Art & Culture
        • Education
        • Health & Fitness

        California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
        ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
        Site Design by 1REALTOUR

        Do NOT follow this link or you will be banned from the site!