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New Ballast Point Location Gets A Warm Welcome

By Brandon Richardson, Staff Writer

With the popularity of craft beers booming, Long Beach welcomes the Ballast Point Tasting Room & Kitchen to Alamitos Bay Landing.

Whit Latimer, CFO of Bancap Commercial Real Estate Services, left, stands with Tim Hass, the general manager of the new Ballast Point Tasting Room and Kitchen, on the upstairs outdoor patio.

The opening of its 6th location – the first in Los Angeles County – on Thursday, June 30, comes more than seven months after its billion-dollar partnership with Constellation Brands, the producer of such beers as Corona, Pacifico and Modelo.

“It was a very fun and exciting day for us here,” Tim Hass, the general manager of the new location, said. “We really enjoyed having the public . . . come out to see our new location and to really enjoy the craft beer scene here in Long Beach.”

Hass said that the soft opening met his expectations. The brewery was bustling from open to close, with some in attendance reporting lines to get into the location and long wait times due to the number of bar-goers.

“We’ve grown a lot in the Orange County and L.A. areas and we felt like we wanted to open a location that was closer to our fans up there so they don’t have to travel all the way to San Diego to be able to try our beer and our food,” Hilary Cocalis, vice president of marketing for Ballast Point, said.

The 22,000-square-foot facility, formerly Khoury’s Restaurant, houses a full kitchen, brewery and tasting room, and it is capable of accommodating events and private dining. The location is open from 11 a.m. to 11 p.m. seven days a week.

“We saw the site and saw that it was right on the water and thought that it was perfect for us with our whole nautical theme of the brand,” Cocalis said. “So we renovated the building – it has a two-level outdoor patio
and deck with a great view of the water.”

About 85 employees tend three bars with 118 taps, according to Hass. He and Cocalis said the Long Beach location will be focusing on expanding Ballast’s sour beer line.

“We thought it would be a great opportunity to have a dedicated sour brewery where we can focus on expanding our sours. We can’t do that in full at any of our existing brewing locations because of the risk of contamination with brewing sour beers next to our regular beers.”

Cocalis said the company is not targeting a specific demographic at its new location in Long Beach. “Our target audience is anyone who appreciates drinking good beer,” Cocalis said. “Our philosophy is we make what we like to drink and hope that others will too. We’re excited to officially have a footprint in Long Beach.”

This article was pulled from the July 5-18, 2016 edition of the Long Beach Business Journal which can be found with this link: July 5-18 2016 Long Beach Business Journal Page 34

Destinations Magazine – A Monthly Guide to Long Beach’s Premier Attractions

Destinations Magazine - Article by Alex Goldstein

Thoughts of exotic locations with elegant waterways come to mind when imagining a city that allows you to step off a boat to visit your favorite restaurant or shopping area. Though Long Beach may not be atop your list of exotic locales, Alamitos Bay Landing – a waterfront village featuring restaurants, sport fishing and whale watching companies, shops with upscale nautical apparel and even a yarn store catering to the popular fad of knitting – is accessible by water taxi from Downtown Long Beach.

Although you can easily drive to Alamitos Bay Landing, Long Beach Transit’s AquaBus is a fun and exciting way for conventioneers and tourists to get there. On weekends the Aquabus makes three trips from the Aquarium of the Pacific. According to Rhea Mealey, Long Beach Transit marketing manager, “The AquaBus  is a beautiful way to enjoy the shoreline of Long Beach.” The AquaBus stays within the Long Beach breakwater, but travels in deep water beyond the oil islands and holds up to 20 people. It’s also a bargain at $2 each way.

Dining With a View

Passengers on the AquaBus disembark on a dock providing easy access to Alamitos Bay Landing businesses. One of the first restaurants visitors will see is McKenna’s On The Bay, featuring waterfront dining and meals like prime steaks and fresh seafood cooked over natural wood. McKenna’s is owned by restaurateur John Faber, who boasts 45 years in the restaurant business and once owned 18 restaurants. Another dining option at Alamitos Bay Landing is Buster’s Beach House Grill & Longboard Bar, offering cuisine from beaches around the world. The restaurant is named for a surfer names Buster, who traversed the globe looking for great surf and stumbled along a diamond mine in South Africa that funded his love of restaurants. Buster’s offers images of surf spots, happy hour specials like Voodoo Chicken, MangoRitas, a drink called the Rip Curl Mai Tai and, according to General Manager Tim Monaghan, “the best view in Long Beach.” Khoury’s Restaurant also has a great view. Manager Jocelyn Shaw calls Khoury’s a fine dining establishment offering French continental cuisine with casual dining outside, catering and live entertainment. A few of Khoury’s specialties include and all-you-can-eat seafood buffet on Friday and Saturday nights and a champagne brunch on Sundays with seven stations of food, including Middle Eastern fare.

If you don’t have time to sit down for a proper meal, the Ship’s Pantry specializes in what owner Don Braymer calls “the kind of food people take on boats,” such as beer, wine, soft drinks, hot dogs and packaged sandwiches.

 The Life Aquatic

There are numerous companies in Alamitos Bay Landing offering trips by boat or yacht. One is Long Beach Marina Sport Fishing, where owner Don Ashley gives guests the chance to “get away from the hectic life on land, catch good winter fish and maybe see a whale and a porpoise as well.” Long Beach Marina Sport Fishing has one daily cruise on weekdays from 10 a.m. to 4 p.m., and weekend cruises departing at 7 a.m. and 1 p.m. that range as far as 10 miles off shore.

Horizons West Adventures offers day trips and multi-day trips aboard the 73-foot schooner the Dirigio II. Owner Len Daniello says day trips are primarily for whale watching, while longer trips cart surfers and other more serious travelers to the Channel Islands, Catalina Island and Ensenada, Mexico. Daniello also runs Long Beach Sailing, a sailboat charter company for qualified sailors that teaches sailing lessons. Another Alamitos Bay Landing Company, Sun Diver Charters, offers boat rentals and charters.

If you would like to be the captain of a boat and enjoy the calm waters of Alamitos Bay, Bay Boat Rentals rents electric boats you can putt around in. According to owner Buddy Wilson, each boat is equipped with AM/FM stereo radios, CD players, coolers full of ice and a canopy with windows to keep you comfortable in all weather conditions.

Yacht Shopping, Ecology, Accessories and More

Life at sea is a temporary respite from life on land for most people. But for those who want to shove off permanently and purchase a boat or yacht, San Pedro Yachts at Alamitos Bay Landing sells yachts from $10,000 to $10,000,000. According to Sales Manager Jerry Sollando, San Pedro Yachts has an inventory of over 200 vessels. Bayside Yachts Sales, Inc. also specializes in yacht sales, selling new and used, power and sailing vessels ranging from 30 to 100 feet long.

Whether you spend most of your time at sea or just want to look like an experienced ship captain, the Sailing Pro Shop has the apparel to help you look the part. Owner Mark Michaelsen says the Sailing Pro Shop offers upscale nautical apparel such as Dubarry shoes, Reyn Spooner and Kahala Aloha shirts, and sunglasses from a multitude of companies. Another Alamitos Bay company, North Sails, sells boating-oriented accessories such as clothing, hats, T-shirts and belts. If life at sea has simply wreaked havoc with your hairdo, not to worry – Salon by the Sea can help. Co-owner Denny Kon says Salon by the Sea offers the usual hair and nail services, as well as such choice spa treatments as hot stone massages. The condition of the marine environment is the focus of one Alamitos Bay Landing organization. The Algalita Foundation, a non-profit marine research foundation, monitors the effects of plastic on the marine environment. Marieta Francis, Algalita’s director of operations, says the foundation collects local water samples, analyzes the ratio of plastic to zooplankton levels in Alamitos Bay and compares them to samples taken from the central Pacific Ocean. Visitor’s to Algalita’s office can peruse a library of information on plastic pollution and purchase videos on the subject.

While many  visitors to Alamitos Bay Landing will come for fun in the sun and the sea, others may want to take part in one of America’s chicest new fashion trends – knitting. The Alamitos Bay Yarn Company caters to this craze by providing what co-owner Cindy Loeffler calls “funny, novelty and all kinds of yarns, with yarn balls ranging in price from $6-$100.” The Alamitos Bay Yarn Company also offers drop-in knitting classes for only $6 on Saturdays from 9 a.m. to noon and 1-4 p.m., and on Wednesday nights from 6:30-9 p.m.

If you’re driving, Alamitos Bay Landing is located at the end of Marina Drive in Southeast Long Beach, one block below Pacific Coast Highway.

Long Beach Business Journal – Real Estate & Development

Experienced Bancap Principals Thrive In Local Waters By Barbara Crane, Staff Writer

To paraphrase an adage, “If you want something done ask a busy person.” Bacncap’s three partners, Steve Conley. John Hancock und Whit Latimer, principals in the 20-year-old company, give truth to this saying. All three are “graduates” of successful careers in large corporations. They now place equal importance on business and community activities, combining full plates or entrepreneurial ventures with leadership on some of Long Beach’s most significant commissions and organizations.

A Real Estate Investment Firm

When Conley and Hancock founded Bancap in the early 1980s, they envisioned a real estate investment firm. Accordingly, they raised $30 million of private investor funds. from over 300 investors to underwrite 20 Bancap partnerships in California and Colorado. Purchasing primarily commercial and Industrial properties, they saw their company take off. Eventually, the tax benefits or partnerships diminished. While most of those initial investment properties have been sold, Bancap retained Columbia Medical Building and Hartley Medical Building, for which they provide property management services. They provide similar services for Hillside Medical Plaza, which they lease and manage for another owner. Ongoing management activities such as electrical retrofits and leasing nearly 120,000 square feet of medical suites takes the majority of Latimer’s time. He joined the company in 1985 as controller and soon became chief financial officer and third principal.

Revitalizing Marina Drive

In the last decade, Bancap’s activities have focused on Marina Drive, the restaurants and shopping areas that line the bay from 2nd Street to Alamitos Bay Landing. Answering a 1992 City of Long Beach RFP (request for proposal) to modify and rebuild the Alamitos Bay Marina Center, they supervised expansion of West Marine, the complex’s largest commercial space, as well as expanding the Seal Beach Yacht Club. By providing about $2 million in private capital, they helped the city attain its goals and eamed their investment back with rent credits.

When the opportunity came to develop Alamitos Bay Landing (formerly Seaport Village  in 1996, they put their compony behind the effort. At the time, only 44% of the space was occupied. They negotiated land lease with the city and remodeled a substantial portion of the project. Today, all Alamitos Bay Landing properties are either rented or committed. Khoury’s Retaurant has proved popular for meals and events; the Jolly Roger has reinvented itself as Buster’s Beachhouse, and a complement of water-oriented businesses are either located on the site or will soon be joining retail outlets like the Alamitos Bay Yarn Company and Salon-By-The-Sea Day Spa. Bancap’s revitalization efforts hit a snag however, when they proposed a bed-and-breakfast on the long Beach Marine Bureau site adjacent to Alamitos Bay Landing. Conley explains. “We backed away when the community objected,” suggesting they instead put the B&B on the Alamitos Bay Landing site. The Alamitos Bay Master Plan Committee has recently approved consultant’s recommendation for this proposal.

Two aspects of Alamitos Bay Landing are particularly exciting to the partners. For one, the city and Long Beach Transit chose the site as the southern stop for AquaLink, the new water transport between downtown and Long Beach’s east side. The Passport bus also newly serves the area. A second area of Bancap’s interest in Alamitos Bay Landing centers around the 20,000 square foot, two-story building the firm will rebuild on the site’s north side. The popular restaurant McKenna’s Creek, is considering returning to Long Beach to occupy pan of the space, which will also house North Sails, a sail manu facturer and, much to the trio’s satisfaction, Bancap’s new offices.

Their continuing interest in upgrading Marina Drive has led Bancap to help the city negotiate a lease with the Crab Pot, where the Charthouse was a fixture for many years. “The company maintains  a management role. And, for six hours every Sunday morning, a Farmer’s Market organized by the Long Beach Ecumenical Council offers fresh produce to ease side residents and others, making it the city’s highest grossing fanner’s market for food purchases in the last few months.

A Passion For Long Beach Betterment

With more than fresh vegetables and marine air on their minds, Bancap’s principals spend about 25 percent of their time on community activities. As Hancock says, “It’s very enjoyable to know that you’re in a community where you not only earn a living but where you can also give back.” All were Boy Scouts and have served on the Long Beach Area Council. All are Rotary members. Each has also devoted time to a myriad of activities that together read like a “Who’s Who” of Long Beach organizations which include the arts, hospital boards and educational institutions. And each has centered his attention on a particular primary activity. Hancock has served as a Long Beach Harbor Commissioner for six years and gets satisfaction from helping to guide the largest port in the country. The mayor and city council recently reappointed him to a second six-year term. Conley says that his term with the Long Beach Water Commission has enabled him to “Contribute to the Long Beach Water Department, which is considered one of the best in the country and one of the most effectively managed.”

Latimer, following in his father and grandfather’s footsteps as Rotary chapter presidents, is president of the Long Beach chapter. Attracting high profile speakers like Mark Victor Hansen, author of Chicken Soup for the Soul, and Broadway actress Susan Egan, helps Latimer achieve his goal of continuing to attract young members. The organization works toward eradicating polio worldwide by 2005, Latimer explains. Locally, it awards 130 scholarships a year to Long Beach City College and California State University, Long Beach, as well as providing $60,000 annually to local charities with a focus on youth and education.

“We all came from large corporate environments and appreciate our ability to work in a small corporate environment.” Conley explains, giving one reason for their successful venture. ” Mutual trust and respect,”  Hancock adds, while Latimer explains. “None of us are 100 percent right and we know it. It’s an incredible relationship.”

What the Future Holds

For now and the next few years,  Bancap’s future rests with Conley, Hancock and Latimer. None see bringing in another partner, although all see the possibility of working with an investor on a particular project. “We expect to expand our third party management and leasing services and will continue 10 be on the lookout for projects where we can continue to develop a positive relationship with the city,” Hancock says.

Turning again t0 community involvement, Latimer will lead the Boy Scout’s Long Beach Area Council in 2004-5, while Hancock sees becoming involved in more community organizations. Conley may be the most visible, however. Look for him al the Aquarium of the Pacific where he suits up on Thursday afternoons and takes on a new persona, volunteer diver. “You’re good for Long Beach,” a colleague wrote to the trio after a recent Bancap function.

 

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