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 9,013 43,290 SH   SOLE   0 0 43,290
ABBOTT LABS COM COM 002824100 5,411 111,310 SH   SOLE   0 0 111,160
ABBVIE INC. COM 00287Y109 9,813 135,327 SH   SOLE   0 0 135,327
AIR LEASE CORP COM 00912X302 263 7,050 SH   SOLE   0 0 7,050
ALCOA COM 013817507 1,794 54,950 SH   SOLE   0 0 54,950
ALLERGAN INC. COM 018490102 2,041 8,395 SH   SOLE   0 0 8,395
ALPHABET CLASS A COM 02079K305 649 698 SH   SOLE   0 0 698
ALPHABET CLASS C COM 02079K107 424 467 SH   SOLE   0 0 467
ALTRIA GROUP INC COM 02209S103 9,331 125,299 SH   SOLE   0 0 125,299
AMAZON.COM COM 023135106 494 510 SH   SOLE   0 0 510
AMER INT'L GROUP COM 026874784 982 15,700 SH   SOLE   0 0 15,700
AMERICAN CAMPUS COM 024835100 549 11,600 SH   SOLE   0 0 11,600
AMERICAN EXPRESS COM 025816109 1,975 23,450 SH   SOLE   0 0 23,450
AMERICAN TOWER COM 03027X100 7,243 54,738 SH   SOLE   0 0 54,738
ANADARKO PETRO COM 032511107 939 20,700 SH   SOLE   0 0 20,700
APACHE CORP COM 037411105 480 10,025 SH   SOLE   0 0 10,025
APOLLO INVESTMENT COM 03761U106 64 10,000 SH   SOLE   0 0 10,000
APPLE COMPUTER COM 037833100 14,530 100,889 SH   SOLE   0 0 100,889
APPLIED MATERIALS COM 038222105 12,777 309,285 SH   SOLE   0 0 309,285
ARCONIC INC COM 03965L100 2,831 125,000 SH   SOLE   0 0 125,000
AT&T COM 00206r102 1,040 27,565 SH   SOLE   0 0 27,565
AVALONBAY COM 053484101 783 4,073 SH   SOLE   0 0 4,073
B&G FOODS INC COM 05508R106 2,258 63,434 SH   SOLE   0 0 63,084
BANK OF AMERICA COM 060505104 10,536 434,275 SH   SOLE   0 0 434,275
BLACKSTONE COM 09253u108 2,226 66,750 SH   SOLE   0 0 66,750
BOEING COM 097023105 9,933 50,232 SH   SOLE   0 0 50,232
BRISTOL-MYERS COM 110122108 4,553 81,706 SH   SOLE   0 0 81,706
CAMDEN PROPERTY COM 133131102 735 8,600 SH   SOLE   0 0 8,600
CATERPILLAR COM 149123101 5,889 54,800 SH   SOLE   0 0 54,800
CELGENE CORP COM 151022104 623 4,800 SH   SOLE   0 0 4,800
CENTURYLINK COM 156700106 7,390 309,483 SH   SOLE   0 0 309,033
CHARLES SCHWAB COM 808513105 2,458 57,208 SH   SOLE   0 0 56,908
CHEVRON CORP COM 166764100 8,351 80,041 SH   SOLE   0 0 80,041
CITIGROUP INC COM 172967101 8,510 127,238 SH   SOLE   0 0 127,238
CLEAN ENRGY FUEL COM 184499101 27 10,500 SH   SOLE   0 0 10,500
CLOROX COMPANY COM 189054109 799 6,000 SH   SOLE   0 0 6,000
COMCAST CL A COM 20030N101 7,599 195,256 SH   SOLE   0 0 195,256
COMM BK BAY OAKLAND CA COM 203485107 151 30,000 SH   SOLE   0 0 30,000
CONOCOPHILLIPS COM 20825c104 4,199 95,518 SH   SOLE   0 0 95,518
CONSTELLATION COM 21036P108 320 1,650 SH   SOLE   0 0 1,650
COSTCO WHOLESALE COM 22160K105 223 1,393 SH   SOLE   0 0 1,393
COVANTA HLDG CORP COM 22282E102 461 34,950 SH   SOLE   0 0 34,500
CROWN CASTLE INT'L COM 22822V101 634 6,326 SH   SOLE   0 0 6,176
CYRUSONE INC COM 23283R100 6,444 115,580 SH   SOLE   0 0 115,580
DISNEY, WALT CO COM 254687106 5,625 52,942 SH   SOLE   0 0 52,942
DOW CHEMICAL COM 260543103 7,326 116,152 SH   SOLE   0 0 116,002
DU PONT EI DE NMRS COM 263534109 1,769 21,920 SH   SOLE   0 0 21,920
DXC TECHNOLOGY COM 23355L106 203 2,642 SH   SOLE   0 0 2,642
ENABLE MIDSTREAM COM 292480100 201 12,600 SH   SOLE   0 0 12,600
ENRGY TRNSFR EQU COM 29273v100 314 17,500 SH   SOLE   0 0 17,500
ENRGY TRNSFR PRT COM 29273R109 3,584 175,788 SH   SOLE   0 0 175,188
ENTERPRISE PRODS COM 293792107 7,658 282,789 SH   SOLE   0 0 282,389
EQT MIDSTREAM COM 26885B100 246 3,300 SH   SOLE   0 0 3,300
EXPRESS SCRIPTS COM 302182100 511 8,000 SH   SOLE   0 0 8,000
EXXON MOBIL CORP COM 30231G102 6,571 81,400 SH   SOLE   0 0 81,400
FACEBOOK, INC. COM 30303M102 4,813 31,879 SH   SOLE   0 0 31,879
FIRST REPUBLIC COM 33616C100 9,409 94,000 SH   SOLE   0 0 94,000
FLOWERS FOODS COM 343498101 346 20,000 SH   SOLE   0 0 20,000
FRANKLIN RES COM 354613101 484 10,800 SH   SOLE   0 0 10,800
FREEPORT MCMORAN COM 35671d857 561 46,700 SH   SOLE   0 0 46,700
GAP INC COM 364760108 585 26,600 SH   SOLE   0 0 26,600
GENERAL ELECTRIC COM 369604103 1,859 68,826 SH   SOLE   0 0 68,826
GENERAL MILLS INC COM 370334104 3,104 56,020 SH   SOLE   0 0 56,020
GILEAD SCIENCES INC COM 375558103 368 5,200 SH   SOLE   0 0 5,200
GOLDMAN SACHS COM 38141G104 2,828 12,745 SH   SOLE   0 0 12,745
HALLIBURTON CO COM 406216101 1,424 33,330 SH   SOLE   0 0 33,330
HEWLETT-PACKARD COM 428236103 545 31,150 SH   SOLE   0 0 31,150
HEWLETT-PACKARD ENT COM 42824C109 433 26,100 SH   SOLE   0 0 26,100
HILTON WORLDWIDE COM 43300A104 615 9,950 SH   SOLE   0 0 9,950
HOLLY ENERGY COM 435763107 279 8,600 SH   SOLE   0 0 8,600
HOME DEPOT INC COM 437076102 5,883 38,351 SH   SOLE   0 0 38,351
HONEYWELL INTL COM 438516106 8,845 66,358 SH   SOLE   0 0 66,358
IBM CORPORATION COM 459200101 6,390 41,537 SH   SOLE   0 0 41,537
INTEL CORPORATION COM 458140100 4,169 123,566 SH   SOLE   0 0 123,566
INTL PAPER COM 460146103 6,013 106,218 SH   SOLE   0 0 106,018
JC PENNEY COM 708160106 111 23,900 SH   SOLE   0 0 23,900
JOHN. & JOHN. COM 478160104 8,004 60,501 SH   SOLE   0 0 60,401
JP MORGAN CHASE COM 46625H100 11,470 125,494 SH   SOLE   0 0 125,244
KINDER MORGAN COM 49456B101 3,226 168,351 SH   SOLE   0 0 168,351
KOHLBERG KRAVIS COM 48248M102 646 34,750 SH   SOLE   0 0 34,350
KRAFT HEINZ CO. COM 500754106 4,106 47,950 SH   SOLE   0 0 47,950
LAM RESEARCH CORP COM 512807108 1,121 7,925 SH   SOLE   0 0 7,925
LAMB WESTON COM 513272104 1,133 25,725 SH   SOLE   0 0 25,725
LILLY, ELI & CO COM 532457108 7,674 93,248 SH   SOLE   0 0 93,248
LOCKHEED MARTIN COM 539830109 6,789 24,455 SH   SOLE   0 0 24,455
MACERICH CO COM 554382101 374 6,436 SH   SOLE   0 0 6,436
MAGELLAN COM 559080106 563 7,900 SH   SOLE   0 0 7,900
MARRIOTT INTL COM 571903202 5,126 51,100 SH   SOLE   0 0 51,100
MERCK & CO INC COM 589331107 8,235 128,487 SH   SOLE   0 0 128,237
MICRON TECHNOLOGY COM 595112103 427 14,300 SH   SOLE   0 0 14,300
MICROSOFT CORP COM 594918104 6,628 96,160 SH   SOLE   0 0 95,860
MONDELEZ INTL COM 609207105 1,432 33,145 SH   SOLE   0 0 32,945
MONSANTO COM 61166w101 5,607 47,375 SH   SOLE   0 0 47,375
MORGAN STANLEY COM 617446448 5,842 131,100 SH   SOLE   0 0 131,100
NESTLE SA COM 641069406 387 4,437 SH   SOLE   0 0 4,437
NUCOR CORP COM 670346105 4,424 76,450 SH   SOLE   0 0 76,450
NVIDIA CORP COM 67066G104 11,144 77,090 SH   SOLE   0 0 77,090
ORACLE CORP COM 68389X105 569 11,355 SH   SOLE   0 0 11,355
PEPSICO INC COM 713448108 7,772 67,293 SH   SOLE   0 0 67,193
PFIZER INC COM 717081103 6,000 178,618 SH   SOLE   0 0 178,318
PHILIP MORRIS INTL COM 718172109 7,893 67,207 SH   SOLE   0 0 67,107
PINNACLE FOODS COM 72348P104 7,117 119,820 SH   SOLE   0 0 119,820
PROCTER & GAMBLE COM 742718109 15,950 183,013 SH   SOLE   0 0 182,913
PROLOGIS COM 74340W103 12,280 209,410 SH   SOLE   0 0 209,410
QUOTIENT TECH. COM 749119103 65,165 5,666,550 SH   SOLE   0 0 5,666,550
RAYTHEON COM 755111507 4,990 30,900 SH   SOLE   0 0 30,900
REGENCY CENTERS COM 758847103 338 5,400 SH   SOLE   0 0 5,400
REYNOLDS AMER. COM 761713106 7,590 116,700 SH   SOLE   0 0 116,700
RIO TINTO COM 767204100 6,734 159,160 SH   SOLE   0 0 158,960
ROBERT HALF INTL COM 770323103 719 15,000 SH   SOLE   0 0 15,000
ROCHE HLDGS LTD COM 771195104 204 6,430 SH   SOLE   0 0 6,430
RYL DTCH SHELL COM 780259206 6,857 128,915 SH   SOLE   0 0 128,915
SALESFORCE.COM COM 79466L302 1,463 16,888 SH   SOLE   0 0 16,888
SBA COMMUNICATIONS COM 78410G104 1,454 10,775 SH   SOLE   0 0 10,775
SIMON PPTY GRP INC COM 828806109 646 3,995 SH   SOLE   0 0 3,995
STARBUCKS CORP COM 855244109 1,930 33,101 SH   SOLE   0 0 33,101
TARGA CORP COM 87612G101 1,554 34,380 SH   SOLE   0 0 34,380
TRANSCANADA CORP COM 89353D107 238 5,000 SH   SOLE   0 0 5,000
TWITTER INC COM 90184L102 946 52,950 SH   SOLE   0 0 52,950
UNION PACIFIC COM 907818108 6,322 58,045 SH   SOLE   0 0 58,045
UNITED TECH COM 913017109 5,207 42,639 SH   SOLE   0 0 42,639
US STEEL CORP COM 912909108 432 19,500 SH   SOLE   0 0 19,500
VAREX IMAGING COM 92214X106 216 6,400 SH   SOLE   0 0 6,400
VARIAN MEDICAL SYS COM 92220P105 1,651 16,000 SH   SOLE   0 0 16,000
VENTAS INC. COM 92276F100 750 10,800 SH   SOLE   0 0 10,800
VERIZON COMM COM 92343V104 5,120 114,634 SH   SOLE   0 0 114,484
VISA INC CL A COM 92826c839 9,730 103,757 SH   SOLE   0 0 103,757
VORNADO RLTY COM 929042109 3,607 38,409 SH   SOLE   0 0 38,409
WAL-MART STORES COM 931142103 2,252 29,763 SH   SOLE   0 0 29,763
WALGREEN CO COM 931427108 2,479 31,655 SH   SOLE   0 0 31,505
WELLS FARGO & CO COM 949746101 8,489 153,207 SH   SOLE   0 0 153,057
WESTERN GAS COM 958254104 782 13,975 SH   SOLE   0 0 13,975
WEYERHAEUSER COM 984332106 3,674 109,680 SH   SOLE   0 0 109,380
WILLIAMS COS INC COM 969457100 858 28,325 SH   SOLE   0 0 28,325
WILLIAMS PARTNERS COM 96950f104 662 16,513 SH   SOLE   0 0 16,313
VANGUARD 500 INDEX COM 922908710 216 963 SH   SOLE   0 0 963
VANGUARD CA INT COM 922021308 286 24,286 SH   SOLE   0 0 24,286
VANGUARD CA LONG COM 922021100 126 10,430 SH   SOLE   0 0 10,430
VANGUARD INDX TR COM 922908108 975 4,357 SH   SOLE   0 0 4,357
VANGUARD WELL FUND COM 921935102 344 8,392 SH   SOLE   0 0 8,392