PCA Has Completed The Management Buyout of VMC (March, 2005)

Pacific Capital Advisors has completed the management buyout of Vibration Mountings & Control (“VMC”), a division of Aeroflex, Inc (NASD: ARXX). Pacific Capital Advisors invested in the Equity Securities alongside Management.

VMC is a leader in the design and manufacture of vibration isolation, shock and seismic restraint systems, providing engineered solutions for the commercial, industrial and military markets. Headquartered in Bloomingdale, NJ, the Company sells to the following primary markets; (i) building mechanical/HVAC contractors; (ii) OEM’s for the transportation, heavy equipment and power generation sectors and; (iii) mounting systems for defense electronics and weapons systems. Systems to reduce shock and vibration are critical in many applications and markets and are often mandated by law. VMC’s management team has achieved a worldwide reputation in this area and brings over 80 years of collective experience in this market.

PNC Business Credit provided a senior bank facility of $9.2 million and Management. Pacific Capital Advisors, WB Ventures, Hill Street Capital, and Cave Creek Capital provided Equity and Subordinated Capital of $4 million. We have substantial capability to provide incremental capital for acquisitions of related companies.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.



Office Condos Available For Sale or Lease in Ashland, Kentucky (January, 2005)

WB Bellefonte, LLC., in a joint alliance with Our Lady of Bellefonte Hospital, is proud to offer for sale or lease medical office condominiums as small as 1,500 square feet at Bellefonte Centre, on the Campus of Our Lady of Bellefonte Hospital in Ashland, Kentucky.

Bellefonte Centre will offer the most service orientated facility in the area. It will provide for its occupants such amenities as a shuttle bus to, from, and around the Hospital, a fulltime Concierge to assist occupants and guests in any way possible and a state of the art Conference and Business Center.

Current low interest rate financing provides Doctors with the tax and appreciation advantages of Ownership.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

WB Bellefonte LLC, a Pacific Capital Advisors sponsored partnership, has acquired the 5-story former headquarters of Ashland Oil, Inc. (NYSE: ASH) at 1000 Ashland Drive in Ashland, Kentucky.

Pacific Capital Advisors’ David Alcorn said, “We have made a significant commitment of resources to the Ashland Community and are optimistic about our ability to transform this outstanding physical facility from a vacant building into a robust and successful Medical Office Condominium project”.

WB Bellefonte is forming a joint alliance with Our Lady of Bellefonte Hospital which will immediately relocate some of their administrative offices to the newly named Bellefonte Centre. PCA will then market the building as a Condominium project.

Purchase price of Bellefonte Centre was not disclosed.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

Westar 101 50% Pre-sold!! (May, 2004)

The outstanding office condo project superbly located at 101 and Thunderbird in Scottsdale, Arizona is 50% pre-sold with construction scheduled to begin in September.

The North 2-story building containing approximately 22,300 sq. ft. will be owned and occupied by an Electronic Payment Processing Company, (To be identified later), which found Westar 101 to be the perfect combination of convenient location and quality construction desired for their corporate headquarters.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

Pacific Capital Advisors to Nick Janicki: "Come West, Young Man" (March, 2004)

Nick Janicki has pulled up roots from Indiana to join Pacific Capital Advisors in Arizona as a Marketing Assistant.

Nick will be responsible for overall marketing and transaction management for the firm.

Pacific Capital Advisors’ David Alcorn said, “We are confident Nick will help take us to the next level in computer technology, marketability, and overall organization of the firm”.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

PCA & NFL Quarterbacks Cheer Bankston Retirement (January, 2004)

Quarterbacks are happy to see Veteran Defensive Lineman Michael Bankston retire from the National Football League.

Pacific Capital Advisors’ David Alcorn said, “We are elated about Michael Bankston joining our team. Our Partners and Clients will benefit from Michael’s contacts, discipline and energy.”

Mr. Bankston will work in PCA's Co-Investment Group, identifying and securing opportunities as well as raising capital.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

Bellingham Home Depot Spun Off
(January, 2004)

Bromont Development Group’s first step of its Meridian Village Business Plan was completed when Pacific Capital Advisors sold the approximately 106,000 sq. ft. Home Depot to a German based private partnership for $19.5 Million.

Pacific Capital Advisors’ John Riddell said, “We are excited to be working with Bromont Development Group and for our involvement in Meridian Village Shopping Center.”

Bromont will now proceed with its overall plan of rehabbing and repositioning Meridian Village.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

Steven & Paul Salon Building Sold
(November, 2003)

Marge & Mavis LLC has purchased the 10,000 sq. ft. Commercial building at Third Avenue and Marshall in Downtown Scottsdale.

Pacific Capital Advisors provided Debt and Equity for the purchasers.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk ajusted and above average returns.

Sun Valley Apartments Acquired
(October, 2003)

The 112 unit Sun Valley Resort Apartments at 234 North 75th Street in Mesa, Arizona has been acquired by a PCA formed Partnership. WB AZ Equities, LLC, paid $ 2.72 Million for the 17 year old, 74% leased property.

Pacific Capital Advisors' Managing Director, David Alcorn, said "Sun Valley is a perfect example of the type of underperforming asset we are seeking. In addition to immediately investing significant capital for physical improvements of the existing buildings and grounds, we anticipate building an additional twenty four (24) unit structure, consisting of two (2) bedroom apartments, on the property, further increasing the value of this property." Greg Campbell of GVA Landmark Realty represented the seller, the estate of Mr. Arthur Gramlich.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

Westar Holdings, LLC to Build Scottsdale Office Condominiums (September, 2003)

Westar Holdings, headed by John Rosso, has purchased the approximate 3 acres at the NW Corner of Route 101 and Thunderbird in Scottsdale.

Pacific Capital Advisors provided equity for Westar and was appointed the exclusive agent to market the 45,000 sq. ft. office condominium project to be built.

David Alcorn of Pacific Capital Advisors said, “We have had a successful and long standing relationship with John Rosso and Westar Holdings and are very appreciative of the vote of confidence Westar Holdings has given to Pacific Capital Advisors by employing us as the marketing arm for Westar 101”.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

Meridian Village Acquired For Nearly $25 Million (August, 2003)

Pacific Capital Advisors represented Scottsdale based Bromont Development Group in the acquisition of the 230,000 sq. ft. Meridian Village Shopping Center at Meridian and I-5 in Bellingham, Washington from a partnership of Prudential Insurance and Clarion Partners of New York.

Pacific Capital Advisors’ John Riddell indicated the plan was to immediately sell off the approximately 106,000 sq. ft. Home Depot and to then rehab and reposition the center.

Riddell said, “We are grateful the Seller had the confidence in Pacific Capital Advisors to allow us the opportunity to perform after a previous buyer had failed. We are happy to have represented Bromont Development Group and that we closed as agreed and when agreed.”

Bromont paid $23.6 Million for Meridian Village.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

John Riddell Joins Pacific Capital Advisors
(July, 2003)

John Riddell has joined Pacific Capital Advisors as a Director and will be focusing on the placement and structuring of both private equity and debt. Mr. Riddell has held similar positions with Insignia/ESG and GE Capital.

"John's financial engineering experience coupled with his energetic drive makes him a valuable addition to PCA and our Clients and Partner's", said David Alcorn, Managing Director.

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.

Pacific Capital Advisors Opens in Phoenix
(June, 2003)

Pacific Capital Advisors, LLC, a privately held real estate investment firm, has opened an Arizona office in the Camel Square Center located at 4250 East Camelback Road in Phoenix, Arizona. Veteran Valley real estate professional David Alcorn has joined the firm as Managing Director/Principal. He indicates PCA's focus will be the identification, acquisition, value enhancement, and ultimate disposition of midsized undervalued and/or underperforming commercial real estate assets. "We will be investing side by side with our clients and remaining involved until the asset is sold and the partnership is dissolved."

Pacific Capital Advisors is a privately held opportunistic Arizona commercial real estate investments firm that specializes in the identification, acquisition, operation and disposition of mid-market undervalued and/or underperforming assets. We are real estate investors investing side by side with clients seeking risk adjusted and above average returns.