Brookfield Homes President John Ryan Jr. was awarded the highest honor in the homebuilding industry with his induction to the Hall of Fame.
Mr. Ryan, who grew up in Santa Rosa, was nominated and selected by a group of previous Hall of Fame inductees representing all aspects of the homebuilding industry, who recognized him for his career, industry leadership and volunteerism.
[caption id="attachment_77656" align="alignright" width="180"] John Ryan[/caption]
In a homebuilding career spanning almost three decades, Mr. Ryan worked for KB Homes in Northern and Southern California and in Paris before starting the Bay Area operation of Brookfield Homes. In his capacity as president, Mr. Ryan directs the activities of land entitlement and homebuilding for master planned communities and neighborhood creation throughout the greater Bay Area.
“It is extremely rewarding to enrich the lives of so many others by creating outstanding homes and communities,” he said. “I am truly honored to follow in the footsteps of so many inspirational building industry leaders.”
Mr. Ryan’s next big project for Brookfield is the University Park master planned community in Rohnert Park. This 1,400-home community hopes to offer distinctive architecture, walkable neighborhoods and appealing community amenities.
“It will be a pleasure to be building in the area where I grew up," said Mr. Ryan. "I have so many great memories of living in the North Bay Area, and I’m excited to create a new neighborhood where people can raise their families.”
Mr. Ryan, a graduate of St. Mary’s College in Moraga, serves on the board of its School of Economics and Business Administration. He also serves on the board of the Green Music Center at Sonoma State University. He is an active member of the executive board of HomeAid of Northern California, a non-profit organization whose mission to build and maintain dignified housing in which homeless families and individuals can rebuild their lives.***
[caption id="attachment_77657" align="alignright" width="180"] Buddy Wall[/caption]
The business environment for North Bay contractors has improved from the dearth of work two to three years ago, but not having as many projects continues to bring multiple bidders on public works and increasingly more commercial projects, and that is keeping profit margins small, according to Buddy Wall, a tax partner for Moss Adams.
Mr. Wall is advising clients that having enough resources stashed away is critical for long-term viability. But he said having too much in cash or not enough available from investments to work on projects when they move forward can put a contractor at a disadvantage.
[caption id="attachment_77658" align="alignleft" width="180"] John Whiting[/caption]
Common tactics among contractors for maintaining cash flow for capital and workforce needs yet building reserves are lines of credit and layered-maturity certificates of deposit from a number of institutions, but those tactics can lead to a "Winchester Mystery House of investments" and might miss out on incremental yet substantial returns, according to John Whiting, principal of Moss Adams Wealth Advisors.
"Things are pretty lean, so efficiency across the board is important so builders can eke out additional return or reduce expense," Mr. Whiting said.
Working with an adviser who can develop an investment policy statement that identifies investment vehicles for short-, medium- and long-term cash needs helps reap those returns, he said. For example, for maturities in a two- to five-year time frame, a portfolio of certain municipal bonds and investment-grade fixed corporate income instruments could be considered. For cash to be tapped five years out, AA- or AAA-rated instruments might fit the bill.