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 348 7,567 SH   SOLE   7,567 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 7,634 215,165 SH   SOLE   194,365 0 20,800
AMERICAN CAMPUS CMNTYS COM COM 024835100 6,350 174,201 SH   SOLE   159,387 0 14,814
AMERICAN ELEC PWR INC COM COM 025537101 5,721 109,582 SH   SOLE   98,582 0 11,000
AMERICAN EXPRESS CO COM COM 025816109 8,518 97,304 SH   SOLE   85,499 0 11,805
APPLE COMPUTER COM 037833100 13,141 130,433 SH   SOLE   119,058 0 11,375
AT&T INC COM COM 00206r102 210 5,965 SH   SOLE   5,965 0 0
BAKER HUGHES INC COM COM 057224107 420 6,450 SH   SOLE   6,450 0 0
BANYAN RAIL SVCS INC COM NEW COM 06684A305 53 10,312 SH   SOLE   10,312 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 1,102 65,690 SH   SOLE   65,690 0 0
BIG LOTS INC COM COM 089302103 8,633 200,533 SH   SOLE   181,143 0 19,390
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BP PLC SPONSORED ADR COM 055622104 419 9,537 SH   SOLE   9,537 0 0
BRAVO BRIO RESTAURANT COM COM 10567b109 218 16,770 SH   SOLE   16,770 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 379 7,406 SH   SOLE   7,406 0 0
BROOKDALE SR LIVING COM COM 112463104 11,167 346,575 SH   SOLE   312,425 0 34,150
CATERPILLAR INC DEL COM COM 149123101 352 3,550 SH   SOLE   3,550 0 0
CHEVRON CORP NEW COM COM 166764100 2,412 20,214 SH   SOLE   20,214 0 0
CISCO SYS INC COM COM 17275R102 7,659 304,275 SH   SOLE   279,599 0 24,676
COHEN & STEERS INC COM COM 19247A100 13,470 350,414 SH   SOLE   320,439 0 29,975
COLGATE PALMOLIVE CO COM COM 194162103 313 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 14,019 260,670 SH   SOLE   238,654 0 22,016
EOG RES INC COM COM 26875P101 10,706 108,118 SH   SOLE   100,132 0 7,986
ESTEE LAUDER COS INC COM COM 518439104 9,698 129,797 SH   SOLE   115,541 0 14,256
EXXON CORP COM COM 30231G102 1,119 11,901 SH   SOLE   11,901 0 0
FEC RESOURCES INC COM COM 30246x108 1 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345550107 14,181 724,983 SH   SOLE   649,748 0 75,235
FRANKLIN RES INC COM COM 354613101 10,004 183,198 SH   SOLE   166,852 0 16,346
GATX CORP COM COM 361448103 8,841 151,464 SH   SOLE   133,831 0 17,633
GENCORP INC COM COM 368682100 16,947 1,061,152 SH   SOLE   946,063 0 115,089
GENERAL ELEC CO COM COM 369604103 10,420 406,708 SH   SOLE   364,285 0 42,423
HAWAIIAN HOLDINGS INC COM COM 419879101 207 15,395 SH   SOLE   15,395 0 0
HEWLETT PACKARD CO COM COM 428236103 16,061 452,797 SH   SOLE   409,146 0 43,651
HYSTER YALE MATLS HAND CL A COM 449172105 7,425 103,667 SH   SOLE   94,142 0 9,525
INSPERITY INC COM 45778Q107 7,512 274,761 SH   SOLE   243,804 0 30,957
INTEL CORP COM COM 458140100 11,715 336,432 SH   SOLE   300,712 0 35,720
INTERNATIONAL BUS MACH COM COM 459200101 648 3,416 SH   SOLE   3,416 0 0
J P MORGAN CHASE & CO COM COM 46625H100 10,015 166,259 SH   SOLE   152,285 0 13,974
JOHNSON & JOHNSON COM COM 478160104 9,872 92,614 SH   SOLE   83,692 0 8,922
KAISER ALUMINUM CORP COM PAR $ COM 483007704 11,309 148,369 SH   SOLE   130,717 0 17,652
KIMBERLY CLARK CORP COM COM 494368103 391 3,631 SH   SOLE   3,631 0 0
LEGG MASON INC COM COM 524901105 13,031 254,710 SH   SOLE   230,635 0 24,075
LIFE TIME FITNESS INC COM COM 53217R207 9,400 186,357 SH   SOLE   169,995 0 16,362
LKQ CORP COM COM 501889208 12,203 458,922 SH   SOLE   403,546 0 55,376
LOEWS CORP COM COM 540424108 2,647 63,532 SH   SOLE   63,532 0 0
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 824 9,790 SH   SOLE   9,790 0 0
MARCHEX INC CL B COM 56624r108 5,777 1,392,078 SH   SOLE   1,243,773 0 148,305
MERCK & CO INC NEW COM COM 58933Y105 10,827 182,635 SH   SOLE   162,726 0 19,909
MODINE MANUFACTURING COM 607828100 7,368 620,702 SH   SOLE   561,403 0 59,299
NEWFIELD EXPL CO COM COM 651290108 7,219 194,730 SH   SOLE   173,686 0 21,044
NORDSON CORP COM COM 655663102 12,395 162,942 SH   SOLE   149,663 0 13,279
NORDSTROM INC COM COM 655664100 9,726 142,262 SH   SOLE   125,295 0 16,967
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 6,114 169,730 SH   SOLE   152,215 0 17,515
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 6,757 1,258,372 SH   SOLE   1,132,529 0 125,843
ORACLE CORP COM COM 68389X105 10,907 284,921 SH   SOLE   254,215 0 30,706
PARAGON MTG CORP COM COM 699117107 0 10,000 SH   SOLE   10,000 0 0
PFIZER INC COM COM 717081103 646 21,863 SH   SOLE   21,863 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,054 12,638 SH   SOLE   12,638 0 0
PROCTER & GAMBLE CO COM COM 742718109 445 5,310 SH   SOLE   5,310 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 2,148 84,950 SH   SOLE   84,950 0 0
PULTE GROUP INC COM COM 745867101 15,788 893,991 SH   SOLE   796,315 0 97,676
REX ENERGY CORPORATION COM COM 761565100 164 12,975 SH   SOLE   12,975 0 0
SCHLUMBERGER LTD COM COM 806857108 12,322 121,169 SH   SOLE   106,985 0 14,184
SCHWAB CHARLES CORP NEW COM COM 808513105 15,439 525,317 SH   SOLE   470,974 0 54,343
SIMON PPTY GROUP NEW COM COM 828806109 10,194 62,002 SH   SOLE   55,435 0 6,567
SIZMEK INC COM 83013p105 5,218 674,169 SH   SOLE   606,705 0 67,464
SKULLCANDY INC COM COM 83083j104 6,410 822,792 SH   SOLE   732,392 0 90,400
SKYWORKS SOLUTIONS INC COM COM 83088m102 18,419 317,287 SH   SOLE   285,683 0 31,604
STARBUCKS CORP COM COM 855244109 1,010 13,384 SH   SOLE   13,384 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 584 5,209 SH   SOLE   5,209 0 0
TENET HEALTHCARE CORP COM COM 88033g407 13,044 219,635 SH   SOLE   195,264 0 24,371
TERADYNE INC COM COM 880770102 12,777 658,952 SH   SOLE   580,908 0 78,044
TETRA TECH INC NEW COM COM 88162G103 9,576 383,360 SH   SOLE   346,574 0 36,786
TIME WARNER INC COM COM 887317303 6,226 82,777 SH   SOLE   74,588 0 8,189
TRANSOCEAN INC COM COM H8817H100 4,058 126,919 SH   SOLE   113,173 0 13,746
UNITED NAT FOOD INC COM COM 911163103 8,273 134,600 SH   SOLE   121,170 0 13,430
VERIZON COMMUNICATIONS COM COM 92343V104 242 4,844 SH   SOLE   4,844 0 0
WALT DISNEY CO COM COM 254687106 9,553 107,304 SH   SOLE   96,574 0 10,730
WELLS FARGO & CO NEW COM COM 949746101 10,864 209,438 SH   SOLE   187,319 0 22,119
WEYERHAEUSER CO COM COM 962166104 11,693 367,020 SH   SOLE   324,154 0 42,866
WYNDHAM WORLDWIDE CORP COM COM 98310W108 8,343 102,675 SH   SOLE   93,468 0 9,207
COHEN & STEERS RT & PF COM COM 19247x100 216 12,338 SH   SOLE   12,338 0 0
LAZARD FDS INC EMERG MKT RETL COM 52106n764 3,642 186,974 SH   SOLE   186,974 0 0
LAZARD FDS INC EMKTS EQBL OPN COM 52106N418 714 65,280 SH   SOLE   65,280 0 0