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
Abbot Labs COM 002824100 163 4,900 SH   SOLE 0 0 0 4,900
Abbot Labs COM 002824100 69 2,071 SH   OTR 2 0 0 2,071
AbbVie COM 00287Y109 239 5,350 SH   SOLE 0 0 0 5,350
Actavis COM 00507K103 763 5,300 SH   SOLE 0 0 0 5,300
AK Steel Hldg COM 001547108 39 10,400 SH   SOLE 0 0 0 10,400
Allergan COM 018490102 271 3,000 SH   SOLE 0 0 0 3,000
Amazon COM 023135106 348 1,113 SH   SOLE 0 0 0 1,113
Amer 1st Tax Exempt Invest MLP BEN UNIT 02364V107 637 93,300 SH   SOLE 0 0 0 93,300
American Intl Group COM 026874784 401 8,250 SH   SOLE 0 0 0 8,250
American Capital Agency COM 02503X105 98 4,329 SH   SOLE 0 0 0 4,329
American Homes 4 Rent COM 02665T306 328 20,300 SH   SOLE 0 0 0 20,300
Amerigas Partners LP Unit L P Int 30975106 245 5,700 SH   SOLE 0 0 0 5,700
Amgen COM 031162100 616 5,500 SH   SOLE 0 0 0 5,500
Anadarko Pete COM 032511107 9 100 SH   SOLE 0 0 0 100
Anadarko Pete COM 032511107 71 766 SH   OTR 2 0 0 766
Anadarko Pete COM 032511107 205 2,200 SH   OTR 3 0 0 2,200
Antares Pharma COM 036642106 215 53,034 SH   SOLE 0 0 0 53,034
Apple COM 037833100 6,568 13,776 SH   SOLE 0 0 0 13,776
Apple COM 037833100 75 157 SH   OTR 2 0 0 157
Armour Residential COM 042315101 226 53,901 SH   SOLE 0 0 0 53,901
AT&T COM 00206R102 182 5,376 SH   SOLE 0 0 0 5,376
AT&T COM 00206R102 79 2,339 SH   OTR 2 0 0 2,339
Baidu.Com ADR 056752108 310 2,000 SH   SOLE 0 0 0 2,000
Biogen Idec COM 09062X103 746 3,100 SH   SOLE 0 0 0 3,100
Blackrock Build America COM 09248X100 243 12,911 SH   SOLE 0 0 0 12,911
BlackrockFloating Rate COM 091941104 170 12,000 SH   SOLE 0 0 0 12,000
Blackrock High Income COM 09250E107 67 32,200 SH   SOLE 0 0 0 32,200
Boeing COM 097023105 83 710 SH   SOLE 0 0 0 710
Boeing COM 097023105 141 1,200 SH   OTR 3 0 0 1,200
BorgWarner COM 099724106 2,261 22,300 SH   SOLE 0 0 0 22,300
Boston Scientific Corp COM 101137107 1,218 103,720 SH   SOLE 0 0 0 103,720
Box Ships Inc SHS Y09675102 41 10,000 SH   SOLE 0 0 0 10,000
Buckeye Partners LP UNIT LTD PARTN 118230101 544 8,300 SH   SOLE 0 0 0 8,300
Caesarstone ORD SHS M20598104 1,774 38,825 SH   SOLE 0 0 0 38,825
Caterpillar COM 149123101 532 6,377 SH   SOLE 0 0 0 6,377
Chevron COM 166764100 95 785 SH   OTR 2 0 0 785
Chevron COM 166764100 441 3,632 SH   SOLE 0 0 0 3,632
Clorox COM 189054109 327 4,000 SH   SOLE 0 0 0 4,000
Coca Cola COM 191216100 230 6,073 SH   SOLE 0 0 0 6,073
Columbia Banking Systems COM 197236102 376 15,217 SH   SOLE 0 0 0 15,217
Constellium COM N22035104 235 12,100 SH   SOLE 0 0 0 12,100
Costco Wholesale COM 22160K105 621 5,390 SH   SOLE 0 0 0 5,390
Costco Wholesale COM 22160K105 77 666 SH   OTR 2 0 0 666
CSX Corp COM 126408103 232 9,000 SH   SOLE 0 0 0 9,000
CVR Refining LP COMUNIT REP LT 12663P107 362 14,500 SH   SOLE 0 0 0 14,500
Deutsche Bank COM D18190898 2,346 51,125 SH   SOLE 0 0 0 51,125
Directv COM 25490A309 310 5,185 SH   SOLE 0 0 0 5,185
Disney Walt Co COM 254687106 401 6,220 SH   SOLE 0 0 0 6,220
Disney Walt Co COM 254687106 54 845 SH   SOLE 2 0 0 845
Emeritus Corp COM 291005106 334 18,000 SH   SOLE 0 0 0 18,000
Energy Transfer Ptnrs UNIT LTD PRT 29273R109 418 8,021 SH   SOLE 0 0 0 8,021
Essex Ppty Tr COM 297178105 200 1,350 SH   SOLE 0 0 0 1,350
Exxon Mobil COM 30231G102 1,154 13,414 SH   SOLE 0 0 0 13,414
Exxon Mobil COM 30231G102 146 1,700 SH   OTR 3 0 0 1,700
Facebook COM 30303M102 4,626 92,105 SH   SOLE 0 0 0 92,105
Fifth Street Finance COM 31678A103 521 50,700 SH   SOLE 0 0 0 50,700
First Bancorp Puerto Rico COM 318672706 57 10,000 SH   SOLE 0 0 0 10,000
Five Oaks Invest Corp COM 33830W106 114 10,000 SH   SOLE 0 0 0 10,000
Fly Leasing SPON ADR 34407D109 203 14,617 SH   SOLE 0 0 0 14,617
Fossil Group COM 34988V106 1,971 16,955 SH   SOLE 0 0 0 16,955
Frontier Communications COM 35906A108 98 23,516 SH   SOLE 0 0 0 23,516
Generac Hldgs COM 368736104 341 8,000 SH   SOLE 0 0 0 8,000
General Electric COM 369604103 218 9,119 SH   SOLE 0 0 0 9,119
General Electric COM 369604103 136 5,700 SH   OTR 3 0 0 5,700
Google COM 38259P508 1,338 1,527 SH   SOLE 0 0 0 1,527
Government Pptys Income Tr COM 38376A103 239 10,000 SH   SOLE 0 0 0 10,000
Harte-Hanks COM 416196103 307 34,750 SH   SOLE 0 0 0 34,750
HD Supply COM 40416M105 278 12,650 SH   SOLE 0 0 0 12,650
Health Care Reit COM 42217K106 293 4,700 SH   SOLE 0 0 0 4,700
Hecla Mining Co COM 422704106 94 29,800 SH   OTR 3 0 0 29,800
Hertz Global COM 42805T105 3,322 149,895 SH   SOLE 0 0 0 149,895
Home Depot COM 437076102 318 4,190 SH   SOLE 0 0 0 4,190
Honeywell COM 438516106 461 5,550 SH   SOLE 0 0 0 5,550
Honeywell COM 438516106 82 990 SH   OTR 2 0 0 990
Howard Hughes Corp COM 44267D107 1,715 15,260 SH   SOLE 0 0 0 15,260
IBM COM 459200101 284 1,535 SH   SOLE 0 0 0 1,535
Icanh Enterprises DEPOSITARY UNIT 451100101 333 4,000 SH   SOLE 0 0 0 4,000
IHS COM 451734107 343 3,000 SH   SOLE 0 0 0 3,000
Inergy Midstream U LTD PARTNERS 45671U106 298 13,500 SH   SOLE 0 0 0 13,500
Infoblox COM 45672H104 1,498 35,830 SH   SOLE 0 0 0 35,830
Intel Corp COM 458140100 317 13,850 SH   SOLE 0 0 0 13,850
Ishares Goldman Sachs COM 464287242 657 5,790 SH   SOLE 0 0 0 5,790
Ishares MSCI Mex Cap ETF 464286822 573 8,966 SH   SOLE 0 0 0 8,966
Ishares Tr 20+ Treas Index COM 464287432 555 5,214 SH   SOLE 0 0 0 5,214
Ishares Tr Barclays Tips COM 464287176 237 2,107 SH   SOLE 0 0 0 2,107
Jarden Corp COM 471109108 223 4,600 SH   SOLE 0 0 0 4,600
Johnson&Johnson COM 478160104 322 3,712 SH   SOLE 0 0 0 3,712
Johnson&Johnson COM 478160104 83 958 SH   OTR 2 0 0 958
JPMorgan Chase & Co COM 46625H100 170 3,295 SH   SOLE 0 0 0 3,295
JPMorgan Chase & Co COM 46625H100 106 2,040 SH   OTR 2 0 0 2,040
K12 Inc COM 48273U102 377 12,200 SH   SOLE 0 0 0 12,200
KAR Auction Svcs COM 48238T109 313 11,100 SH   SOLE 0 0 0 11,100
Kinder Morgan Inc COM 49455P101 89 2,500 SH   SOLE 0 0 0 2,500
Kinder Morgan Inc COM 49455P101 171 4,800 SH   OTR 3 0 0 4,800
Kinder Morgan Mgmt SHS 49455U100 540 7,207 SH   SOLE 0 0 0 7,207
Kratos Defense & Sec Solutions COM 50077B207 476 57,450 SH   SOLE 0 0 0 57,450
L-3 communications COM 502424104 473 5,000 SH   SOLE 0 0 0 5,000
Laredo Petroleum Hldgs COM 516806106 481 16,200 SH   SOLE 0 0 0 16,200
Liberty Property Trust SH BEN INT 531172104 513 14,400 SH   SOLE 0 0 0 14,400
Linkedin COM 53578A108 7,041 28,615 SH   SOLE 0 0 0 28,615
MagneGas COM 55939L202 6 10,000 SH   SOLE 0 0 0 10,000
Managed High Yield Plus Fd In COM 561911108 229 114,651 SH   SOLE 0 0 0 114,651
Masco Corp COM 574599106 703 33,025 SH   SOLE 0 0 0 33,025
Medical Pptys Trust COM 58463J304 156 12,850 SH   SOLE 0 0 0 12,850
MGIC Invt Corp COM 552848103 123 16,900 SH   SOLE 0 0 0 16,900
Michael Kors Hldgs SHS G60754101 2,345 31,470 SH   SOLE 0 0 0 31,470
Microsoft COM 594918104 521 15,660 SH   SOLE 0 0 0 15,660
Microsoft COM 594918104 193 5,800 SH   OTR 3 0 0 5,800
Molina Healthcare COM 60855R100 402 11,300 SH   SOLE 0 0 0 11,300
Mosaic COM 61945C103 2,960 68,796 SH   SOLE 0 0 0 68,796
Netflix COM 64110L106 476 1,540 SH   SOLE 0 0 0 1,540
Newcastle Invt Corp COM 65105M108 63 11,250 SH   SOLE 0 0 0 11,250
Nielsen Hldgs COM 64110L106 441 12,100 SH   SOLE 0 0 0 12,100
Nike COM 654106103 1,386 19,078 SH   SOLE 0 0 0 19,078
Nike COM 654106103 85 1,168 SH   OTR 2 0 0 1,168
Northern Tier Energy LP COM UN REPR PART 665826103 353 17,900 SH   SOLE 0 0 0 17,900
Northstar Rlty Fin COM 66704R100 299 32,200 SH   SOLE 0 0 0 32,200
Northwest Nat Gas Co COM 667655104 146 3,480 SH   SOLE 0 0 0 3,480
Northwest Nat Gas Co COM 667655104 75 1,785 SH   OTR 3 0 0 1,785
Owens Illinois COM 690768403 270 9,000 SH   SOLE 0 0 0 9,000
Pacific Coast Oil Tr UNIT BEN INT 694103102 177 11,000 SH   SOLE 0 0 0 11,000
PennyMac Mortgage COM 70931T103 513 22,600 SH   SOLE 0 0 0 22,600
Pfizer COM 717081103 217 7,540 SH   SOLE 0 0 0 7,540
PGT COM 69336V101 404 40,820 SH   SOLE 0 0 0 40,820
Pimco ETF Tr 0-5 Yr High Yield COM 72201H108 263 2,510 SH   SOLE 0 0 0 2,510
Pinnacle Foods COM 72348P104 450 17,000 SH   SOLE 0 0 0 17,000
Plum Creek Timber COM 729251108 213 4,550 SH   SOLE 0 0 0 4,550
Procter & Gamble COM 742718109 353 4,668 SH   SOLE 0 0 0 4,668
Prologis Trust COM 74340W103 395 10,500 SH   SOLE 0 0 0 10,500
Proshares Tr PSHS SHRT S&P500 COM 74347R503 350 12,507 SH   OTR 3 0 0 12,507
Qihoo 360 Technology ADS 74734M109 495 5,950 SH   SOLE 0 0 0 5,950
Qualcomm Inc COM 747525103 740 10,990 SH   SOLE 0 0 0 10,990
Qualcomm Inc COM 747525103 91 1,345 SH   OTR 2 0 0 1,345
Realogy Hldgs COM 75605Y106 1,604 37,290 SH   OTR 0 0 0 37,290
Repligen Corp COM 759916109 227 20,450 SH   SOLE 0 0 0 20,450
Rock-Tenn COM 772739207 2,319 22,900 SH   SOLE 0 0 0 22,900
S&P 500 Depository Receipt COM 78462F103 333 1,980 SH   SOLE 0 0 0 1,980
Sensata Technologies COM N7902X106 241 6,300 SH   SOLE 0 0 0 6,300
Sherwin Williams COM 824348106 346 1,900 SH   SOLE 0 0 0 1,900
SolarCity COM 83416T100 763 22,065 SH   SOLE 0 0 0 22,065
SPDR Gold Trust GOLD SHS 78463V107 101 790 SH   SOLE 0 0 0 790
SPDR Gold Trust GOLD SHS 78463V107 115 900 SH   OTR 3 0 0 900
Spirit Realty Capital COM 84860W102 421 45,887 SH   SOLE 0 0 0 45,887
Splunk COM 848637104 2,146 35,750 SH   SOLE 0 0 0 35,750
Starbucks COM 855244109 549 7,135 SH   SOLE 0 0 0 7,135
Stratsys COM 862685104 2,273 22,450 SH   SOLE 0 0 0 22,450
Suburan Propane UNIT LTD PARTN 864482104 234 5,000 SH   SOLE 0 0 0 5,000
Summit Hotel Pptys COM 866082100 92 10,000 SH   SOLE 0 0 0 10,000
TC Pipelines UT COM LTD PRT 87233Q108 239 4,900 SH   SOLE 0 0 0 4,900
Tal Intl Group COM 88160R101 430 9,200 SH   SOLE 0 0 0 9,200
TCP Cap Corp COM 87238Q103 194 11,922 SH   SOLE 0 0 0 11,922
Theravance COM 88338T104 1,171 28,650 SH   SOLE 0 0 0 28,650
Thermo Fisher Scientific COM 883556102 757 8,218 SH   SOLE 0 0 0 8,218
3M Co COM 88579Y101 227 1,900 SH   SOLE 0 0 0 1,900
THL Credit COM 872438106 201 12,900 SH   SOLE 0 0 0 12,900
Transocean LTD COM H8817H100 27 600 SH   SOLE 0 0 0 600
Transocean LTD COM H8817H100 223 5,000 SH   SOLE 0 0 0 5,000
Trimas COM 896215209 2,561 68,625 SH   SOLE 0 0 0 68,625
TRW Automotive COM 87264S106 927 13,000 SH   SOLE 0 0 0 13,000
US Bancorp COM 902973304 741 20,251 SH   SOLE 0 0 0 20,251
Valeant Pharmaceuticals COM 91911X104 1,854 17,775 SH   SOLE 0 0 0 17,775
Vanguard Intl Equity Index F ETF 922042874 427 7,830 SH   SOLE 0 0 0 7,830
Vanguard Natural Resources COM 92205F106 280 10,000 SH   SOLE 0 0 0 10,000
Verizon Comm COM 92343V104 507 10,859 SH   SOLE 0 0 0 10,859
Wal-Mart Stores COM 931142103 347 4,690 SH   SOLE 0 0 0 4,690
West Corp COM 952355204 286 12,900 SH   SOLE 0 0 0 12,900
Western Gas COM UNIT LP IN 958254104 379 6,300 SH   SOLE 0 0 0 6,300
Whole Foods Mkt COM 966837106 246 4,200 SH   SOLE 0 0 0 4,200
Williams Partners LP COM UNIT L P 96950F104 836 15,800 SH   SOLE 0 0 0 15,800
Yahoo COM 984332106 1,872 56,425 SH   SOLE 0 0 0 56,425
Zoetis COM 98978V103 296 9,500 SH   SOLE 0 0 0 9,500