CCIM Writers and Readers(2)

C IRE’s three-part cover story in the Nov./Dec. 2008 issue has something that appeals to everyone.

In Print

Senior Editor Jennifer Norbut concentrated on transit-oriented development, examining the roles that CCIMs are playing in these increasingly important projects.

Daniel E. Herrold, regional director for Stan Johnson Co. in Houston, provided a perspective on the triple-net-lease market, which is holding its own in this down market. Along with other team members, Daniel has been responsible for nearly 200 NNN transactions valued at more than $1.6 billion.

Scott K. Lunine and John Z. Barr, CCIM, teamed up to review the tenancy-in-common market in light of the economic downturn. Representing two well-known TIC sponsors, Scott is managing director of real estate investments for T.R. Winston & Co. and John is vice president of marketing for FORT Properties, both in Los Angeles.

James Kirkpatrick, CCIM, MAI, vice president of Live Oak Capital in Houston, rode the waves of the Wall Street tsunami as he was writing "Financial Survival," a guide to financing sources in a difficult (to say the least) market. "Don't get frustrated, but the world has changed dramatically since we last edited the piece," read one of his e-mails, as he struggled to stay on top on the toppling Wall Street companies while still meeting CIRE’s deadline. Oh, and then there was Hurricane Ike, which knocked out power to Houston and brought an oak tree down on his house.

Trey Hollingsworth, managing partner of Hollingsworth Capital Partners in Clinton, Tenn., took an in-depth look at international investors’ demand for U.S. industrial product in "Assembling Success in the U.S." Trey also wrote CIRE November/ December 2007’s "Industrial Makeover," a case study on repositioning an outdated distribution center. Trey’s company ranked No. 12 in Inc. magazine’s 2008 list of 500 fastest-growing companies, quite an accomplishment for the four-year-old company and its 24-year-old leader.

Christopher J. Truitt, CPA, a partner with Cherry, Bekaert & Holland in Charlotte, N.C., explained how to piece together real estate structures in "The Partnership Puzzle." In his practice, Chris concentrates on real estate as well as the retail, construction, manufacturing, and distribution industries. Along with partnerships and LLCs, his focus includes S corporations, mergers and acquisitions, and inventory tax issues.

The CCIM response to Associate Editor Stephanie Bell’s social networking article, "C U Online," has been positive, piquing readers’ interest in this new form of online marketing. "I thought the social networking article was great. The chart was excellent," writes Michael T. McLean, CCIM, MCR, of Prudential California Realty, in Palm Springs, Calif. Robert M. Stone, CCIM, of Henry S. Miller Commercial Co. in Dallas, found it the most useful of the issue: "I have not used social networking sites but am considering doing so."

On the Cover

The 47-story Bank of America Tower at International Place in Miami is the site of Knight Center Station, the world’s first elevated metro station in a skyscraper. It was designed by I.M. Pei and completed in 1987 as the CenTrust Tower and consists of a 10-story parking garage and the 37-story office building built on the air rights above the garage. With a little over 500,000 sf of rentable space, the property is recognizable on the Miami night skyline for its multiple color schemes that match the seasons and events. Blue Capital U.S. East Coast Properties bought the tower in 2003 from Hines for $87 million or $145 psf.

What Readers Say

"The Partnership Puzzle – I’ve not seen a good article like this in some time. I thought it was very helpful to what I do. … I am always amazed at how well our magazine is handled. I wish our membership realized how lucky they are." -- James L. Helsel, CCIM, Helsel Inc. Realtors, Lemoyne, Pa.