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
3M COMPANY COM 88579Y101 6,740 44,742 SH   SOLE   0 0 44,742
ABBOTT LABS COM COM 002824100 652 14,525 SH   SOLE   0 0 14,525
ABBVIE INC. COM 00287Y109 8,039 135,705 SH   SOLE   150 0 135,555
ALCOA INC COM 013817101 3,582 362,900 SH   SOLE   0 0 362,900
ALLERGAN INC. COM 018490102 675 2,160 SH   SOLE   50 0 2,110
ALPHABET CLASS A COM 02079K305 229 294 SH   SOLE   0 0 294
ALTRIA GROUP INC COM 02209S103 7,991 137,271 SH   SOLE   0 0 137,271
AMER INT'L GROUP COM 026874784 5,104 82,360 SH   SOLE   150 0 82,210
AMERICAN CAMPUS COM 024835100 480 11,600 SH   SOLE   0 0 11,600
AMERICAN EXPRESS COM 025816109 1,626 23,385 SH   SOLE   0 0 23,385
ANADARKO PETRO COM 032511107 792 16,300 SH   SOLE   0 0 16,300
APACHE CORP COM 037411105 432 9,725 SH   SOLE   0 0 9,725
APOLLO INVESTMENT COM 03761U106 52 10,000 SH   SOLE   0 0 10,000
APPLE COMPUTER COM 037833100 10,111 96,056 SH   SOLE   0 0 96,056
APPLIED MATERIALS COM 038222105 7,481 400,700 SH   SOLE   0 0 400,700
AT&T COM 00206r102 5,508 160,062 SH   SOLE   0 0 159,862
AVALONBAY COM 053484101 761 4,135 SH   SOLE   0 0 4,135
B&G FOODS INC COM 05508R106 2,828 80,765 SH   SOLE   200 0 80,565
BANK OF AMERICA COM 060505104 12,547 745,508 SH   SOLE   0 0 745,508
BANK OF NEW YORK COM 064057102 212 5,150 SH   SOLE   0 0 5,150
BERKSHIRE HATH. COM 084670207 3,338 25,281 SH   SOLE   0 0 25,281
BLACKSTONE GROUP LP COM 09253u108 5,638 192,825 SH   SOLE   0 0 192,825
BOEING COM 097023105 8,631 59,690 SH   SOLE   0 0 59,690
BRINKER INTL INC COM 109641100 3,117 65,000 SH   SOLE   0 0 65,000
BRISTOL-MYERS COM 110122108 8,003 116,344 SH   SOLE   0 0 116,094
CAMDEN PROPERTY TR COM 133131102 660 8,600 SH   SOLE   0 0 8,600
CARE CAPITAL PROP COM 141624106 234 7,649 SH   SOLE   0 0 7,624
CATERPILLAR COM 149123101 3,881 57,100 SH   SOLE   0 0 57,100
CHEVRON CORP COM 166764100 6,223 69,180 SH   SOLE   0 0 69,180
CISCO SYSTEMS INC COM 17275R102 1,165 42,900 SH   SOLE   0 0 42,900
CITIGROUP INC COM 172967101 7,688 148,566 SH   SOLE   0 0 148,566
CLOROX COMPANY COM 189054109 761 6,000 SH   SOLE   0 0 6,000
COMCAST CL A COM 20030N101 5,611 99,428 SH   SOLE   0 0 99,428
COMM BK BAY OAKLAND CA COM 203485107 161 30,000 SH   SOLE   0 0 30,000
CONAGRA COM 205887102 649 15,400 SH   SOLE   0 0 15,400
CONOCOPHILLIPS COM 20825c104 4,061 86,988 SH   SOLE   0 0 86,988
COSTCO WHOLESALE COM 22160K105 221 1,368 SH   SOLE   0 0 1,368
COVANTA HLDG CORP COM 22282E102 517 33,361 SH   SOLE   0 0 33,061
DOW CHEMICAL COM 260543103 5,308 103,110 SH   SOLE   0 0 103,110
DU PONT EI DE NMRS COM 263534109 1,460 21,920 SH   SOLE   0 0 21,920
ENABLE MIDSTREAM COM 292480100 179 19,482 SH   SOLE   0 0 19,482
ENERGY TRANSFER COM 29273R109 2,055 60,927 SH   SOLE   0 0 60,777
ENERGY TRANSFER EQU COM 29273v100 3,413 248,400 SH   SOLE   0 0 248,100
ENTERPRISE PRODS COM 293792107 7,051 275,661 SH   SOLE   0 0 275,461
EQT MIDSTREAM COM 26885B100 298 3,950 SH   SOLE   0 0 3,950
EXPRESS SCRIPTS INC COM 302182100 2,878 32,925 SH   SOLE   100 0 32,825
EXXON MOBIL CORP COM 30231G102 7,117 91,300 SH   SOLE   0 0 91,300
FACEBOOK, INC. COM 30303M102 2,893 27,640 SH   SOLE   0 0 27,640
FIRST REPUBLIC BANK COM 33616C100 7,243 109,650 SH   SOLE   150 0 109,500
FLOWERS FOODS COM 343498101 430 20,000 SH   SOLE   0 0 20,000
FRANKLIN RES COM 354613101 398 10,800 SH   SOLE   0 0 10,800
FREEPORT MCMORAN COM 35671d857 719 106,200 SH   SOLE   800 0 105,400
GAP INC COM 364760108 657 26,600 SH   SOLE   0 0 26,600
GEN MOTORS CORP COM 370442105 3,738 109,900 SH   SOLE   0 0 109,900
GENERAL ELECTRIC COM 369604103 5,342 171,503 SH   SOLE   375 0 171,128
GENERAL MILLS INC COM 370334104 3,230 56,020 SH   SOLE   0 0 56,020
HALLIBURTON CO COM 406216101 1,441 42,330 SH   SOLE   0 0 42,330
HARTFORD FINANCIAL COM 416515104 479 11,030 SH   SOLE   0 0 11,030
HCP, INC. COM 40414L109 3,635 95,050 SH   SOLE   0 0 94,900
HEWLETT-PACKARD CO COM 428236103 2,914 246,100 SH   SOLE   0 0 246,100
HEWLETT-PACKARD ENT COM 42824C109 397 26,100 SH   SOLE   0 0 26,100
HILTON WORLDWIDE COM 43300A104 1,828 85,440 SH   SOLE   0 0 85,440
HOLLY ENERGY COM 435763107 268 8,600 SH   SOLE   0 0 8,600
HOME DEPOT INC COM 437076102 7,948 60,101 SH   SOLE   0 0 60,101
HONEYWELL INT'L INC COM 438516106 7,026 67,834 SH   SOLE   0 0 67,834
IBM CORPORATION COM 459200101 1,435 10,428 SH   SOLE   0 0 10,428
INTEL CORPORATION COM 458140100 6,477 188,000 SH   SOLE   0 0 188,000
INTL PAPER COM 460146103 5,872 155,745 SH   SOLE   0 0 155,545
JOHNSON & JOHNSON COM 478160104 4,844 47,157 SH   SOLE   0 0 47,057
JP MORGAN CHASE COM 46625H100 6,762 102,407 SH   SOLE   100 0 102,107
KEYCORP COM 493267108 2,902 220,000 SH   SOLE   0 0 220,000
KINDER MORGAN INC. COM 49456B101 418 27,986 SH   SOLE   0 0 27,986
KOHLBERG KRAVIS COM 48248M102 4,996 320,489 SH   SOLE   0 0 320,289
LAM RESEARCH CORP COM 512807108 661 8,325 SH   SOLE   0 0 8,325
LILLY, ELI & CO COM 532457108 8,975 106,511 SH   SOLE   100 0 106,311
LOCKHEED MARTIN COM 539830109 8,088 37,245 SH   SOLE   0 0 37,245
MACERICH CO COM 554382101 497 6,159 SH   SOLE   0 0 6,159
MAGELLAN COM 559080106 649 9,550 SH   SOLE   0 0 9,550
MARATHON GRP COM 565849106 1,511 120,000 SH   SOLE   0 0 120,000
MARRIOTT INTL COM 571903202 3,439 51,300 SH   SOLE   0 0 51,300
MERCK & CO INC COM 589331107 6,991 132,363 SH   SOLE   0 0 132,163
MICROSOFT CORP COM 594918104 4,238 76,394 SH   SOLE   0 0 76,394
MONDELEZ INTL COM 609207105 5,973 133,216 SH   SOLE   0 0 133,016
MONSANTO COM 61166w101 3,741 37,975 SH   SOLE   0 0 37,975
MORGAN STANLEY COM 617446448 4,241 133,325 SH   SOLE   0 0 133,325
NESTLE SA COM 641069406 3,272 43,962 SH   SOLE   0 0 43,962
NUCOR CORP COM 670346105 3,612 89,618 SH   SOLE   0 0 89,468
OCCIDENTAL PETROL COM 674599105 812 12,009 SH   SOLE   0 0 12,009
ORACLE CORP COM 68389X105 671 18,355 SH   SOLE   0 0 18,355
PAYPAL COM 70450Y103 2,172 60,000 SH   SOLE   0 0 60,000
PENNEY J C INC COM COM 708160106 67 10,000 SH   SOLE   0 0 10,000
PEPSICO INC COM 713448108 7,407 74,125 SH   SOLE   0 0 74,025
PFIZER INC COM 717081103 7,692 238,276 SH   SOLE   0 0 237,976
PHILIP MORRIS INTL COM 718172109 3,961 45,053 SH   SOLE   0 0 45,053
PINNACLE FOODS COM 72348P104 7,748 182,475 SH   SOLE   0 0 182,275
PROCTER & GAMBLE COM 742718109 14,868 187,233 SH   SOLE   0 0 187,133
PROLOGIS COM 74340W103 10,910 254,200 SH   SOLE   0 0 254,200
QUOTIENT TECH. COM 749119103 38,280 5,612,950 SH   SOLE   0 0 5,612,950
REGENCY CENTERS COM 758847103 368 5,400 SH   SOLE   0 0 5,400
REYNOLDS AMERICAN COM 761713106 8,866 192,123 SH   SOLE   0 0 191,823
ROBERT HALF INTL COM 770323103 3,064 65,000 SH   SOLE   0 0 65,000
ROCHE HLDGS LTD COM 771195104 4,712 136,705 SH   SOLE   0 0 136,705
ROYAL DUTCH SHELL COM 780259206 4,840 105,710 SH   SOLE   200 0 105,310
SALESFORCE.COM COM 79466L302 442 5,638 SH   SOLE   0 0 5,638
SANOFI-AVENTIS COM 80105N105 3,080 72,215 SH   SOLE   0 0 72,215
SBA COMMUNICATIONS COM 78388J106 1,045 9,950 SH   SOLE   0 0 9,950
SCHWAB, CHARLES COM 808513105 874 26,543 SH   SOLE   0 0 26,543
SEADRILL LTD COM G7945E105 461 136,000 SH   SOLE   0 0 136,000
SHELL MIDSTREAM PR COM 822634101 676 16,285 SH   SOLE   0 0 16,285
SIMON PPTY GRP INC COM 828806109 743 3,820 SH   SOLE   0 0 3,820
STARBUCKS CORP COM 855244109 1,979 32,974 SH   SOLE   0 0 32,974
TARGA RESOURCES COM 87611x105 1,095 66,272 SH   SOLE   0 0 66,072
THE KRAFT HEINZ CO. COM 500754106 3,518 48,356 SH   SOLE   0 0 48,356
TRANSCANADA CORP COM 89353D107 326 10,000 SH   SOLE   0 0 10,000
TWITTER INC COM 90184L102 879 38,000 SH   SOLE   0 0 38,000
UNILEVER NV COM 904784709 3,539 81,700 SH   SOLE   0 0 81,700
UNION PACIFIC COM 907818108 4,777 61,090 SH   SOLE   0 0 61,090
UNITED TECH COM 913017109 3,670 38,202 SH   SOLE   0 0 38,202
URBAN EDGE PROP. COM 91704F104 612 26,100 SH   SOLE   0 0 26,100
VENTAS INC. COM 92276F100 940 16,650 SH   SOLE   0 0 16,550
VERIZON COMM COM 92343V104 7,150 154,698 SH   SOLE   0 0 154,548
VISA INC CL A COM 92826c839 8,116 104,653 SH   SOLE   0 0 104,653
VORNADO RLTY COM 929042109 3,601 36,025 SH   SOLE   0 0 36,025
WAL-MART STORES COM 931142103 3,345 54,574 SH   SOLE   0 0 54,574
WALGREEN CO COM 931427108 2,793 32,801 SH   SOLE   0 0 32,651
WELLS FARGO & CO COM 949746101 4,841 89,057 SH   SOLE   200 0 88,857
WESTERN GAS COM 958254104 724 15,225 SH   SOLE   0 0 15,225
WEYERHAEUSER COM 984332106 4,498 150,030 SH   SOLE   0 0 149,730
WHITEWAVE FOOD CO COM 966244105 635 16,325 SH   SOLE   0 0 16,325
WILLIAMS COS INC COM 969457100 788 30,658 SH   SOLE   0 0 30,658
WILLIAMS PARTNERS COM 96950f104 797 28,612 SH   SOLE   0 0 28,412