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 10,198 43,327 SH   SOLE   0 0 43,327
ABBOTT LABS COM COM 002824100 7,005 122,742 SH   SOLE   0 0 122,592
ABBVIE INC. COM 00287Y109 13,259 137,104 SH   SOLE   0 0 137,104
AIR LEASE CORP COM 00912X302 339 7,050 SH   SOLE   0 0 7,050
ALCOA COM 013817507 3,014 55,950 SH   SOLE   0 0 55,950
ALLERGAN INC. COM 018490102 1,216 7,435 SH   SOLE   0 0 7,435
ALPHABET CLASS A COM 02079K305 877 833 SH   SOLE   0 0 833
ALPHABET CLASS C COM 02079K107 489 467 SH   SOLE   0 0 467
ALTRIA GROUP INC COM 02209S103 8,953 125,379 SH   SOLE   0 0 125,379
AMAZON.COM COM 023135106 678 580 SH   SOLE   0 0 580
AMER INT'L GROUP COM 026874784 816 13,700 SH   SOLE   0 0 13,700
AMERICAN CAMPUS COM 024835100 517 12,600 SH   SOLE   0 0 12,600
AMERICAN EXPRESS COM 025816109 2,329 23,450 SH   SOLE   0 0 23,450
AMERICAN TOWER COM 03027X100 7,824 54,838 SH   SOLE   0 0 54,838
ANADARKO PETRO COM 032511107 1,055 19,675 SH   SOLE   0 0 19,675
APACHE CORP COM 037411105 269 6,375 SH   SOLE   0 0 6,375
APOLLO INVESTMENT COM 03761U106 57 10,000 SH   SOLE   0 0 10,000
APPLE COMPUTER COM 037833100 17,689 104,528 SH   SOLE   0 0 104,528
APPLIED MATERIALS COM 038222105 15,363 300,519 SH   SOLE   0 0 300,519
ARCONIC INC COM 03965L100 3,406 125,000 SH   SOLE   0 0 125,000
AT&T COM 00206r102 1,352 34,771 SH   SOLE   0 0 34,771
AVALONBAY COM 053484101 727 4,073 SH   SOLE   0 0 4,073
BANK OF AMERICA COM 060505104 13,496 457,175 SH   SOLE   0 0 457,175
BANK OF NEW YORK COM 064057102 215 4,000 SH   SOLE   0 0 4,000
BLACKSTONE COM 09253u108 2,123 66,300 SH   SOLE   0 0 66,300
BOEING COM 097023105 14,760 50,050 SH   SOLE   0 0 50,050
BRISTOL-MYERS COM 110122108 5,016 81,856 SH   SOLE   0 0 81,856
BRITISH AMERICAN COM 110448017 4,837 72,200 SH   SOLE   0 0 72,200
CAMDEN PROPERTY COM 133131102 792 8,600 SH   SOLE   0 0 8,600
CATERPILLAR COM 149123101 8,683 55,100 SH   SOLE   0 0 55,100
CHARLES SCHWAB COM 808513105 5,287 102,924 SH   SOLE   0 0 102,624
CHEVRON CORP COM 166764100 10,070 80,440 SH   SOLE   0 0 80,440
CITIGROUP INC COM 172967101 10,184 136,866 SH   SOLE   0 0 136,866
CLEAN ENRGY FUEL COM 184499101 21 10,500 SH   SOLE   0 0 10,500
CLOROX COMPANY COM 189054109 892 6,000 SH   SOLE   0 0 6,000
COMCAST CL A COM 20030N101 7,842 195,806 SH   SOLE   0 0 195,806
COMM BK BAY OAKLAND CA COM 203485107 181 30,000 SH   SOLE   0 0 30,000
CONOCOPHILLIPS COM 20825c104 5,091 92,750 SH   SOLE   0 0 92,750
CONSTELLATION COM 21036P108 377 1,650 SH   SOLE   0 0 1,650
COSTCO WHOLESALE COM 22160K105 518 2,783 SH   SOLE   0 0 2,783
COVANTA HLDG CORP COM 22282E102 493 29,200 SH   SOLE   0 0 28,750
CROWN CASTLE INT'L COM 22822V101 866 7,803 SH   SOLE   0 0 7,653
CYRUSONE INC COM 23283R100 6,348 106,630 SH   SOLE   0 0 106,630
DISNEY, WALT CO COM 254687106 5,540 51,532 SH   SOLE   0 0 51,532
DOWDUPONT INC COM 26078J100 9,200 129,183 SH   SOLE   0 0 129,033
DR HORTON INC COM 23331A109 212 4,150 SH   SOLE   0 0 4,150
DXC TECHNOLOGY COM 23355L106 247 2,600 SH   SOLE   0 0 2,600
ENABLE MIDSTREAM COM 292480100 154 10,850 SH   SOLE   0 0 10,850
ENRGY TRNSFR EQU COM 29273v100 209 12,100 SH   SOLE   0 0 12,100
ENRGY TRNSFR PRT COM 29273R109 3,342 186,515 SH   SOLE   0 0 185,915
ENTERPRISE PRODS COM 293792107 7,740 291,964 SH   SOLE   0 0 291,564
EQT MIDSTREAM COM 26885B100 241 3,300 SH   SOLE   0 0 3,300
EXPRESS SCRIPTS COM 302182100 597 8,000 SH   SOLE   0 0 8,000
EXXON MOBIL CORP COM 30231G102 6,808 81,400 SH   SOLE   0 0 81,400
FACEBOOK, INC. COM 30303M102 5,961 33,779 SH   SOLE   0 0 33,779
FIRE EYE, INC COM 31816Q101 427 30,100 SH   SOLE   0 0 30,100
FIRST REPUBLIC COM 33616C100 8,144 94,000 SH   SOLE   0 0 94,000
FLOWERS FOODS COM 343498101 290 15,000 SH   SOLE   0 0 15,000
FRANKLIN RES COM 354613101 468 10,800 SH   SOLE   0 0 10,800
FREEPORT MCMORAN COM 35671d857 1,191 62,800 SH   SOLE   0 0 62,800
GAP INC COM 364760108 906 26,600 SH   SOLE   0 0 26,600
GENERAL ELECTRIC COM 369604103 958 54,900 SH   SOLE   0 0 54,900
GENERAL MILLS INC COM 370334104 3,321 56,020 SH   SOLE   0 0 56,020
GILEAD SCIENCES INC COM 375558103 339 4,730 SH   SOLE   0 0 4,730
GOLDMAN SACHS COM 38141G104 5,986 23,495 SH   SOLE   0 0 23,495
HALLIBURTON CO COM 406216101 1,745 35,701 SH   SOLE   0 0 35,701
HEWLETT-PACKARD COM 428236103 2,094 99,650 SH   SOLE   0 0 99,650
HEWLETT-PACKARD ENT COM 42824C109 368 25,600 SH   SOLE   0 0 25,600
HILTON WORLDWIDE COM 43300a203 795 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 7,271 38,365 SH   SOLE   0 0 38,365
HONEYWELL INTL COM 438516106 10,538 68,711 SH   SOLE   0 0 68,711
IBM CORPORATION COM 459200101 1,734 11,300 SH   SOLE   0 0 11,300
INTEL CORPORATION COM 458140100 5,516 119,491 SH   SOLE   0 0 119,491
INTL PAPER COM 460146103 6,183 106,718 SH   SOLE   0 0 106,518
JC PENNEY COM 708160106 38 12,000 SH   SOLE   0 0 12,000
JOHN. & JOHN. COM 478160104 8,494 60,796 SH   SOLE   0 0 60,696
JP MORGAN CHASE COM 46625H100 13,876 129,752 SH   SOLE   0 0 129,502
KEYCORP COM 493267108 2,558 126,840 SH   SOLE   0 0 126,840
KINDER MORGAN COM 49456B101 4,463 246,968 SH   SOLE   0 0 246,968
LAM RESEARCH CORP COM 512807108 1,339 7,275 SH   SOLE   0 0 7,275
LAMB WESTON COM 513272104 1,434 25,400 SH   SOLE   0 0 25,400
LILLY, ELI & CO COM 532457108 7,626 90,290 SH   SOLE   0 0 90,290
LOCKHEED MARTIN COM 539830109 8,270 25,760 SH   SOLE   0 0 25,760
MACERICH CO COM 554382101 423 6,436 SH   SOLE   0 0 6,436
MAGELLAN COM 559080106 635 8,950 SH   SOLE   0 0 8,950
MARRIOTT INTL COM 571903202 6,936 51,100 SH   SOLE   0 0 51,100
MERCK & CO INC COM 589331107 6,830 121,378 SH   SOLE   0 0 121,128
MICROSOFT CORP COM 594918104 10,064 117,650 SH   SOLE   0 0 117,350
MONDELEZ INTL COM 609207105 1,009 23,572 SH   SOLE   0 0 23,372
MONSANTO COM 61166w101 5,343 45,750 SH   SOLE   0 0 45,750
MORGAN STANLEY COM 617446448 6,879 131,100 SH   SOLE   0 0 131,100
NESTLE SA COM 641069406 381 4,437 SH   SOLE   0 0 4,437
NUCOR CORP COM 670346105 4,915 77,300 SH   SOLE   0 0 77,300
NVIDIA CORP COM 67066G104 15,212 78,615 SH   SOLE   0 0 78,615
OCCIDENTAL PET COM 674599105 1,109 15,060 SH   SOLE   0 0 15,060
ORACLE CORP COM 68389X105 537 11,355 SH   SOLE   0 0 11,355
PAYPAL COM 70450Y103 364 4,943 SH   SOLE   0 0 4,943
PEPSICO INC COM 713448108 7,991 66,640 SH   SOLE   0 0 66,540
PFIZER INC COM 717081103 6,577 181,571 SH   SOLE   0 0 181,271
PHILIP MORRIS INTL COM 718172109 7,263 68,744 SH   SOLE   0 0 68,644
PINNACLE FOODS COM 72348P104 6,802 114,384 SH   SOLE   0 0 114,384
PROCTER & GAMBLE COM 742718109 17,035 185,408 SH   SOLE   0 0 185,308
PROLOGIS COM 74340W103 13,504 209,331 SH   SOLE   0 0 209,331
QUOTIENT TECH. COM 749119103 65,710 5,592,350 SH   SOLE   0 0 5,592,350
RAYTHEON COM 755111507 6,302 33,550 SH   SOLE   0 0 33,550
REGENCY CENTERS COM 758847103 374 5,400 SH   SOLE   0 0 5,400
RIO TINTO COM 767204100 8,589 162,263 SH   SOLE   0 0 162,063
RYL DTCH SHELL COM 780259206 8,448 126,645 SH   SOLE   0 0 126,645
SALESFORCE.COM COM 79466L302 3,695 36,148 SH   SOLE   0 0 36,148
SIMON PPTY GRP INC COM 828806109 686 3,995 SH   SOLE   0 0 3,995
STARBUCKS CORP COM 855244109 1,835 31,951 SH   SOLE   0 0 31,951
TARGA CORP COM 87612G101 1,715 35,411 SH   SOLE   0 0 35,411
TRANSCANADA CORP COM 89353D107 243 5,000 SH   SOLE   0 0 5,000
TWITTER INC COM 90184L102 1,241 51,700 SH   SOLE   0 0 51,700
UNION PACIFIC COM 907818108 7,575 56,485 SH   SOLE   0 0 56,485
UNITED TECH COM 913017109 5,603 43,925 SH   SOLE   0 0 43,925
US BANCORP COM 902973304 458 8,547 SH   SOLE   0 0 8,547
US STEEL CORP COM 912909108 1,036 29,450 SH   SOLE   0 0 29,450
VALERO ENERGY CORP COM 91913Y100 211 2,300 SH   SOLE   0 0 2,300
VARIAN MEDICAL SYS COM 92220P105 333 3,000 SH   SOLE   0 0 3,000
VENTAS INC. COM 92276F100 648 10,800 SH   SOLE   0 0 10,800
VERIZON COMM COM 92343V104 6,087 114,998 SH   SOLE   0 0 114,848
VISA INC CL A COM 92826c839 12,569 110,233 SH   SOLE   0 0 110,233
VORNADO RLTY COM 929042109 2,993 38,284 SH   SOLE   0 0 38,284
WAL-MART STORES COM 931142103 2,941 29,778 SH   SOLE   0 0 29,778
WALGREEN CO COM 931427108 1,683 23,175 SH   SOLE   0 0 23,025
WELLS FARGO & CO COM 949746101 7,725 127,321 SH   SOLE   0 0 127,321
WESTERN GAS COM 958254104 634 13,175 SH   SOLE   0 0 13,175
WEYERHAEUSER COM 984332106 3,970 112,585 SH   SOLE   0 0 112,285
WILLIAMS COS INC COM 969457100 883 28,950 SH   SOLE   0 0 28,950
WILLIAMS PARTNERS COM 96950f104 566 14,601 SH   SOLE   0 0 14,401