The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALTRIA GROUP INC COM COM 02209s103 319 7,617 SH   SOLE   7,617 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 8,997 209,430 SH   SOLE   188,630 0 20,800
AMERICAN CAMPUS CMNTYS COM COM 024835100 6,554 171,391 SH   SOLE   156,577 0 14,814
AMERICAN ELEC PWR INC COM COM 025537101 6,055 108,577 SH   SOLE   97,577 0 11,000
AMERICAN EXPRESS CO COM COM 025816109 9,254 97,549 SH   SOLE   85,744 0 11,805
ANADARKO PETE CORP COM COM 032511107 208 1,900 SH   SOLE   1,900 0 0
APPLE COMPUTER COM 037833100 12,157 130,821 SH   SOLE   119,446 0 11,375
AT&T INC COM COM 00206r102 211 5,965 SH   SOLE   5,965 0 0
BAKER HUGHES INC COM COM 057224107 480 6,450 SH   SOLE   6,450 0 0
BANYAN RAIL SVCS INC COM NEW COM 06684A305 106 10,612 SH   SOLE   10,612 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 1,241 59,165 SH   SOLE   59,165 0 0
BIG LOTS INC COM COM 089302103 9,363 204,872 SH   SOLE   185,482 0 19,390
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BP PLC SPONSORED ADR COM 055622104 503 9,537 SH   SOLE   9,537 0 0
BRAVO BRIO RESTAURANT COM COM 10567b109 216 13,830 SH   SOLE   13,830 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 359 7,406 SH   SOLE   7,406 0 0
BRISTOW GROUP INC COM 110394103 206 2,555 SH   SOLE   2,555 0 0
BROOKDALE SR LIVING COM COM 112463104 11,491 344,670 SH   SOLE   310,520 0 34,150
CATERPILLAR INC DEL COM COM 149123101 386 3,550 SH   SOLE   3,550 0 0
CHEVRON CORP NEW COM COM 166764100 2,693 20,629 SH   SOLE   20,629 0 0
CISCO SYS INC COM COM 17275R102 7,636 307,300 SH   SOLE   282,624 0 24,676
COHEN & STEERS INC COM COM 19247A100 15,180 349,921 SH   SOLE   319,946 0 29,975
COLGATE PALMOLIVE CO COM COM 194162103 327 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 14,190 264,351 SH   SOLE   242,335 0 22,016
EOG RES INC COM COM 26875P101 13,006 111,296 SH   SOLE   103,310 0 7,986
ESTEE LAUDER COS INC COM COM 518439104 9,587 129,100 SH   SOLE   114,844 0 14,256
EXXON CORP COM COM 30231G102 1,228 12,201 SH   SOLE   12,201 0 0
FEC RESOURCES INC COM COM 30246x108 1 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345550107 14,348 722,073 SH   SOLE   646,838 0 75,235
FRANKLIN RES INC COM COM 354613101 10,574 182,814 SH   SOLE   166,468 0 16,346
GATX CORP COM COM 361448103 10,137 151,434 SH   SOLE   133,801 0 17,633
GENCORP INC COM COM 368682100 20,508 1,073,697 SH   SOLE   958,608 0 115,089
GENERAL ELEC CO COM COM 369604103 10,736 408,539 SH   SOLE   366,116 0 42,423
HAWAIIAN HOLDINGS INC COM COM 419879101 211 15,395 SH   SOLE   15,395 0 0
HEWLETT PACKARD CO COM COM 428236103 15,315 454,726 SH   SOLE   411,075 0 43,651
HYSTER YALE MATLS HAND CL A COM 449172105 8,767 99,020 SH   SOLE   89,495 0 9,525
INSPERITY INC COM 45778Q107 8,968 271,751 SH   SOLE   240,794 0 30,957
INTEL CORP COM COM 458140100 10,331 334,344 SH   SOLE   298,624 0 35,720
INTERNATIONAL BUS MACH COM COM 459200101 619 3,416 SH   SOLE   3,416 0 0
J P MORGAN CHASE & CO COM COM 46625H100 9,617 166,904 SH   SOLE   152,930 0 13,974
JOHNSON & JOHNSON COM COM 478160104 10,012 95,703 SH   SOLE   86,781 0 8,922
KAISER ALUMINUM CORP COM PAR $ COM 483007704 10,648 146,119 SH   SOLE   128,467 0 17,652
KENNAMETAL INC COM COM 489170100 7,967 172,145 SH   SOLE   151,709 0 20,436
KIMBERLY CLARK CORP COM COM 494368103 404 3,631 SH   SOLE   3,631 0 0
LEGG MASON INC COM COM 524901105 13,074 254,805 SH   SOLE   230,730 0 24,075
LIFE TIME FITNESS INC COM COM 53217R207 8,717 178,837 SH   SOLE   162,475 0 16,362
LKQ CORP COM COM 501889208 12,223 457,977 SH   SOLE   402,601 0 55,376
LOEWS CORP COM COM 540424108 2,822 64,132 SH   SOLE   64,132 0 0
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 823 9,790 SH   SOLE   9,790 0 0
MARCHEX INC CL B COM 56624r108 15,575 1,295,733 SH   SOLE   1,167,428 0 128,305
MERCK & CO INC NEW COM COM 58933Y105 10,509 181,668 SH   SOLE   161,759 0 19,909
MODINE MANUFACTURING COM 607828100 9,748 619,304 SH   SOLE   560,005 0 59,299
MONDELEZ INTL INC COM 609207105 214 5,696 SH   SOLE   5,696 0 0
NEWFIELD EXPL CO COM COM 651290108 8,582 194,160 SH   SOLE   173,116 0 21,044
NORDSON CORP COM COM 655663102 13,301 165,873 SH   SOLE   152,594 0 13,279
NORDSTROM INC COM COM 655664100 9,706 142,878 SH   SOLE   125,911 0 16,967
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 5,233 165,080 SH   SOLE   147,565 0 17,515
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 11,237 1,236,172 SH   SOLE   1,110,329 0 125,843
ORACLE CORP COM COM 68389X105 11,388 280,981 SH   SOLE   250,275 0 30,706
PARAGON MTG CORP COM COM 699117107 0 10,000 SH   SOLE   10,000 0 0
PFIZER INC COM COM 717081103 648 21,828 SH   SOLE   21,828 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,068 12,668 SH   SOLE   12,668 0 0
PROCTER & GAMBLE CO COM COM 742718109 417 5,310 SH   SOLE   5,310 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 2,237 88,200 SH   SOLE   88,200 0 0
PULTE GROUP INC COM COM 745867101 17,702 878,091 SH   SOLE   780,415 0 97,676
REX ENERGY CORPORATION COM COM 761565100 230 12,975 SH   SOLE   12,975 0 0
SCHLUMBERGER LTD COM COM 806857108 14,279 121,064 SH   SOLE   106,880 0 14,184
SCHWAB CHARLES CORP NEW COM COM 808513105 14,235 528,602 SH   SOLE   474,259 0 54,343
SIMON PPTY GROUP NEW COM COM 828806109 10,509 63,200 SH   SOLE   56,633 0 6,567
SIZMEK INC COM 83013p105 6,076 637,574 SH   SOLE   570,110 0 67,464
SKULLCANDY INC COM COM 83083j104 5,682 783,669 SH   SOLE   703,269 0 80,400
SKYWORKS SOLUTIONS INC COM COM 83088m102 15,579 331,759 SH   SOLE   300,155 0 31,604
SPROTT PHYSICAL GOLD TR COM 85207H104 153 13,920 SH   SOLE   13,920 0 0
STARBUCKS CORP COM COM 855244109 1,204 15,560 SH   SOLE   15,560 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 607 5,209 SH   SOLE   5,209 0 0
TENET HEALTHCARE CORP COM COM 88033g407 10,355 220,598 SH   SOLE   196,227 0 24,371
TERADYNE INC COM COM 880770102 12,787 652,417 SH   SOLE   574,373 0 78,044
TETRA TECH INC NEW COM COM 88162G103 10,335 375,835 SH   SOLE   339,049 0 36,786
TIME WARNER INC COM COM 887317303 5,790 82,423 SH   SOLE   74,234 0 8,189
TRANSOCEAN INC COM COM H8817H100 5,579 123,888 SH   SOLE   110,142 0 13,746
UNITED NAT FOOD INC COM COM 911163103 8,598 132,077 SH   SOLE   118,647 0 13,430
VERIZON COMMUNICATIONS COM COM 92343V104 237 4,844 SH   SOLE   4,844 0 0
WALT DISNEY CO COM COM 254687106 9,302 108,493 SH   SOLE   97,763 0 10,730
WASHINGTON PRIME GROUP COM 939647103 525 27,989 SH   SOLE   24,706 0 3,283
WELLS FARGO & CO NEW COM COM 949746101 10,919 207,750 SH   SOLE   185,631 0 22,119
WEYERHAEUSER CO COM COM 962166104 12,345 373,068 SH   SOLE   330,202 0 42,866
WYNDHAM WORLDWIDE CORP COM COM 98310W108 7,799 103,003 SH   SOLE   93,796 0 9,207
COHEN & STEERS RT & PF COM COM 19247x100 222 12,338 SH   SOLE   12,338 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 3,946 188,991 SH   SOLE   188,991 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 746 64,036 SH   SOLE   64,036 0 0