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 8,157 42,812 SH   SOLE   0 0 42,812
ABBOTT LABS COM COM 002824100 8,903 123,084 SH   SOLE   0 0 122,934
ABBVIE INC. COM 00287Y109 12,301 133,435 SH   SOLE   0 0 133,435
ADOBE SYSTEMS COM 00724f101 226 1,000 SH   SOLE   0 0 1,000
AIR LEASE CORP COM 00912X302 208 6,870 SH   SOLE   0 0 6,870
ALCOA COM 013817507 427 16,050 SH   SOLE   0 0 16,050
ALLERGAN INC. COM 018490102 4,945 37,000 SH   SOLE   0 0 37,000
ALPHABET CLASS A COM 02079K305 2,328 2,228 SH   SOLE   0 0 2,228
ALPHABET CLASS C COM 02079K107 535 517 SH   SOLE   0 0 517
ALTRIA GROUP INC COM 02209S103 5,893 119,313 SH   SOLE   0 0 119,313
AMAZON.COM COM 023135106 1,017 677 SH   SOLE   0 0 677
AMER INT'L GROUP COM 026874784 217 5,500 SH   SOLE   0 0 5,500
AMERICAN CAMPUS COM 024835100 290 7,000 SH   SOLE   0 0 7,000
AMERICAN EXPRESS COM 025816109 2,207 23,150 SH   SOLE   0 0 23,150
AMERICAN TOWER COM 03027X100 8,770 55,440 SH   SOLE   0 0 55,440
AMGEN INC COM 031162100 7,407 38,050 SH   SOLE   0 0 38,050
ANADARKO PETRO COM 032511107 603 13,750 SH   SOLE   0 0 13,750
APPLE COMPUTER COM 037833100 16,553 104,940 SH   SOLE   0 0 104,940
APPLIED MATERIALS COM 038222105 10,259 313,360 SH   SOLE   0 0 313,360
AT&T COM 00206r102 416 14,567 SH   SOLE   0 0 14,567
AVALONBAY COM 053484101 746 4,285 SH   SOLE   0 0 4,285
BANK OF AMERICA COM 060505104 12,606 511,600 SH   SOLE   0 0 511,600
BLACKSTONE COM 09253u108 1,964 65,900 SH   SOLE   0 0 65,900
BOEING COM 097023105 18,579 57,610 SH   SOLE   0 0 57,610
BRISTOL-MYERS COM 110122108 3,712 71,416 SH   SOLE   0 0 71,416
CAMDEN PROPERTY COM 133131102 712 8,084 SH   SOLE   0 0 8,084
CATERPILLAR COM 149123101 8,044 63,300 SH   SOLE   0 0 63,300
CHARLES SCHWAB COM 808513105 4,706 113,304 SH   SOLE   0 0 112,904
CHEVRON CORP COM 166764100 8,314 76,422 SH   SOLE   0 0 76,422
CIGNA CORP COM 125523100 437 2,300 SH   SOLE   0 0 2,300
CISCO SYSTEMS INC COM 17275R102 5,534 127,723 SH   SOLE   0 0 127,723
CITIGROUP INC COM 172967101 10,425 200,249 SH   SOLE   0 0 200,249
CLEAN ENRGY FUEL COM 184499101 58 33,500 SH   SOLE   0 0 33,500
CLOROX COMPANY COM 189054109 925 6,000 SH   SOLE   0 0 6,000
COMCAST CL A COM 20030N101 5,298 155,600 SH   SOLE   0 0 155,600
COMM BK BAY OAKLAND CA COM 203485107 204 30,000 SH   SOLE   0 0 30,000
CONAGRA COM 205887102 323 15,100 SH   SOLE   0 0 15,100
CONOCOPHILLIPS COM 20825c104 5,668 90,900 SH   SOLE   0 0 90,900
COSTCO WHOLESALE COM 22160K105 610 2,993 SH   SOLE   0 0 2,993
COVANTA HLDG CORP COM 22282E102 261 19,425 SH   SOLE   0 0 18,975
CROWN CASTLE INT'L COM 22822V101 943 8,684 SH   SOLE   0 0 8,534
CYRUSONE INC COM 23283R100 6,041 114,245 SH   SOLE   0 0 114,245
DIGITAL REALTY TR COM 253868103 3,729 35,000 SH   SOLE   0 0 35,000
DISNEY, WALT CO COM 254687106 8,103 73,902 SH   SOLE   0 0 73,902
DOWDUPONT INC COM 26078J100 11,908 222,659 SH   SOLE   0 0 222,509
EMERSON ELECTRIC COM 291011104 5,388 90,170 SH   SOLE   0 0 90,170
ENERGY TRANSFER COM 29273v100 348 26,314 SH   SOLE   0 0 26,314
ENTERPRISE PRODS COM 293792107 1,070 43,500 SH   SOLE   0 0 43,500
EXXON MOBIL CORP COM 30231G102 7,987 117,131 SH   SOLE   0 0 117,131
FACEBOOK, INC. COM 30303M102 1,262 9,629 SH   SOLE   0 0 9,629
FIRE EYE, INC COM 31816Q101 665 41,000 SH   SOLE   0 0 41,000
FIRST REPUBLIC COM 33616C100 8,169 94,000 SH   SOLE   0 0 94,000
FLOWERS FOODS COM 343498101 185 10,000 SH   SOLE   0 0 10,000
FRANKLIN RES COM 354613101 320 10,800 SH   SOLE   0 0 10,800
FREEPORT MCMORAN COM 35671d857 1,110 107,700 SH   SOLE   0 0 107,700
GAP INC COM 364760108 685 26,600 SH   SOLE   0 0 26,600
GENERAL ELECTRIC COM 369604103 3,827 505,500 SH   SOLE   0 0 505,500
GOLDMAN SACHS COM 38141G104 4,086 24,460 SH   SOLE   0 0 24,460
HEWLETT-PACKARD ENT COM 42824C109 384 29,100 SH   SOLE   0 0 29,100
HILTON WORLDWIDE COM 43300a203 711 9,900 SH   SOLE   0 0 9,900
HOLLY ENERGY COM 435763107 246 8,600 SH   SOLE   0 0 8,600
HOME DEPOT INC COM 437076102 6,564 38,204 SH   SOLE   0 0 38,204
HONEYWELL INTL COM 438516106 9,366 70,890 SH   SOLE   0 0 70,890
HP INC. COM 428236103 8,204 400,957 SH   SOLE   0 0 400,657
IBM CORPORATION COM 459200101 9,799 86,210 SH   SOLE   0 0 86,210
INTEL CORPORATION COM 458140100 6,114 130,283 SH   SOLE   0 0 130,133
JOHN. & JOHN. COM 478160104 8,715 67,530 SH   SOLE   0 0 67,360
JP MORGAN CHASE COM 46625H100 13,550 138,800 SH   SOLE   0 0 138,550
KEYCORP COM 493267108 1,915 129,550 SH   SOLE   0 0 129,550
KINDRED BIOSCIENCES COM 494577109 126 11,500 SH   SOLE   0 0 11,500
LAM RESEARCH CORP COM 512807108 980 7,200 SH   SOLE   0 0 7,200
LAMB WESTON COM 513272104 1,251 17,000 SH   SOLE   0 0 17,000
LILLY, ELI & CO COM 532457108 10,010 86,504 SH   SOLE   0 0 86,504
LOCKHEED MARTIN COM 539830109 8,066 30,805 SH   SOLE   0 0 30,805
MACERICH CO COM 554382101 227 5,250 SH   SOLE   0 0 5,250
MAGELLAN COM 559080106 448 7,850 SH   SOLE   0 0 7,850
MARRIOTT INTL COM 571903202 5,537 51,000 SH   SOLE   0 0 51,000
MERCK & CO INC COM 589331107 9,355 122,433 SH   SOLE   0 0 122,183
MICROSOFT CORP COM 594918104 18,503 182,172 SH   SOLE   0 0 181,797
MORGAN STANLEY COM 617446448 5,115 129,000 SH   SOLE   0 0 129,000
NESTLE SA COM 641069406 343 4,237 SH   SOLE   0 0 4,237
NEWELL BRANDS COM 651229106 2,084 112,100 SH   SOLE   0 0 111,800
NUCOR CORP COM 670346105 3,943 76,100 SH   SOLE   0 0 76,100
NVIDIA CORP COM 67066G104 11,946 89,480 SH   SOLE   0 0 89,480
OCCIDENTAL PET COM 674599105 899 14,640 SH   SOLE   0 0 14,640
ORACLE CORP COM 68389X105 551 12,200 SH   SOLE   0 0 12,200
PAYPAL COM 70450Y103 3,490 41,500 SH   SOLE   0 0 41,500
PEPSICO INC COM 713448108 7,363 66,645 SH   SOLE   0 0 66,545
PFIZER INC COM 717081103 9,729 222,888 SH   SOLE   0 0 222,588
PHILIP MORRIS INTL COM 718172109 3,211 48,097 SH   SOLE   0 0 47,997
PROCTER & GAMBLE COM 742718109 10,709 116,500 SH   SOLE   0 0 116,500
PROLOGIS COM 74340W103 12,221 208,121 SH   SOLE   0 0 208,121
QUOTIENT TECH. COM 749119103 59,769 5,596,350 SH   SOLE   0 0 5,596,350
RAYTHEON COM 755111507 7,597 49,540 SH   SOLE   0 0 49,540
REGENCY CENTERS COM 758847103 308 5,250 SH   SOLE   0 0 5,250
RIO TINTO COM 767204100 8,013 165,290 SH   SOLE   0 0 165,090
ROBERT HALF INTL COM 770323103 1,459 25,500 SH   SOLE   0 0 25,500
RYL DTCH SHELL COM 780259206 5,869 100,715 SH   SOLE   0 0 100,715
SALESFORCE.COM COM 79466L302 6,973 50,910 SH   SOLE   0 0 50,910
SERVICENOW, INC COM 81762P102 4,198 23,580 SH   SOLE   0 0 23,580
SIMON PPTY GRP INC COM 828806109 682 4,060 SH   SOLE   0 0 4,060
STARWOOD PROP TRST COM 85571B105 509 25,800 SH   SOLE   0 0 25,800
TARGA CORP COM 87612G101 987 27,402 SH   SOLE   0 0 27,402
UNION PACIFIC COM 907818108 8,100 58,598 SH   SOLE   0 0 58,598
UNITED TECH COM 913017109 6,135 57,616 SH   SOLE   0 0 57,616
VENTAS INC. COM 92276F100 603 10,300 SH   SOLE   0 0 10,300
VERIZON COMM COM 92343V104 7,354 130,806 SH   SOLE   0 0 130,656
VISA INC CL A COM 92826c839 15,670 118,768 SH   SOLE   0 0 118,768
WAL-MART STORES COM 931142103 2,806 30,122 SH   SOLE   0 0 30,122
WALGREEN CO COM 931427108 1,013 14,825 SH   SOLE   0 0 14,675
WELLS FARGO & CO COM 949746101 5,659 122,805 SH   SOLE   0 0 122,805