Search

Haute Hospitality 

Oh those luxury destinations New York, London, Cairo ... and Indianapolis? Yes, according to Hilton Hotels Corp., which just opened the $100 million, 243 room Conrad Indianapolis, the newest addition to its luxury brand. Or, what about checking into the

Investment Profile: In the Lap of Luxury 

It’s hard to find an unhappy hotel owner, developer, or investor at any level this year. Global travel and tourism topped $6 trillion in 2005, growing 5.7 percent, and 4.2 percent annual growth is forecast for the next 10 years,

India Calls 

U.S. commercial real estate companies have had India on the line for several years. CB Richard Ellis, Cushman & Wakefield, Jones Lang LaSalle, and Colliers International partnered with local commercial real estate professionals to set up Indian offices in the

Deal or No Deal? 

What's a transaction broker to do? In 2008, commercial real estate deals were down 71 percent from 2007, according to Jones Lang LaSalle. Total 2008 volume was only $126 billion, far below 2007's market peak of $437 billion. " This

Investing in the Arts 

"John says he found us a needle in a haystack," says Diane Litsey, executive director of the Children's Dance Foundation in Homewood, Ala. "And he did." The needle was at least 10,000 square feet of dance studio space with 50

IM Connected 

As the time between mak ing an offer and closing on a property shrinks, many commercial real estate pros are learning that new communi cation tools help them keep pace with the industry. For example, in most cases a sales

For Hire Online 

When Carol T. Kellogg, CCIM, moved to Charlotte, N.C., in November 2004, she worked with several local executive search groups to find a job. It was a frustrating experience. “I worked with four headhunters, but none of them had real

Market Trends(31) 

New Orleans Markets RatedNew Orleans' apartment market garnered an investment conditions rating of 7.2 out of 10 points in a recent Real Estate Research Corp. study. Industrial came in second with a 6.4 rating and hotels third with a 5.6

Carrying the Cargo 

Bringing cargo through the Suez Canal to the East Coast may seem like the long way, but much of the U.S. logistics development today is an end run around the growing congestion at the Los Angeles and Long Beach ports.

Market Trends(32) 

Briefly Noted

Multiplying Success 

Michael K. Houge, CCIM, SIOR, thinks partnerships should defy conventional mathematics. "One plus one should equal more than two. The sum should be greater than the parts," he says, reflecting on his 15 year partnership with Keith A. Sturm, CCIM.

New Rules for Retail 

The rules for retail are changing across America, almost as quickly as the holiday lights come down and the racks of valentines go up on Jan. 2. Wal Mart has morphed from the feared competitor into the good neighbor that

Online Help 

There are many small ways that technology can help you out in a last minute effort to close a deal or present a property. The key is knowing where to find these resources before you need them. www.mimeo.com This online

Market Trends(33) 

More Pro Teams for More CitiesProfessional sports teams are urban development magnets Cities build stadiums to attract them, spawning additional opportunities for retail, hospitality, and restaurant real estate. And many thriving secondary markets are

Plugging Into Productivity 

In an increasingly wired world, commercial real estate practitioners are figuring out how to adapt. Today, deals happen at warp speed the marketplace is local and global at the same time, and the amount of information available online seems practically

Value-Add Visionaries 

Commercial real estate pros shaking their heads over declining job growth and falling retail sales should remember that people always need places to live. Regardless of market indicators, multifamily is still the sweet spot for a wide range of investors.

Niche Nosh 

What’s the No. 1 down market strategy from The Donald’s blog, Inside Trump Tower? Explore overlooked niches. And what could be more overlooked than boutique hotels catering to the gay and lesbian community? That’s where Jaime M. Rook, CCIM, broker

True Value 

Purchasing and repositioning undervalued properties is the investment strategy du jour, and effective property management often is the secret to building success. "Property management is at the heart of our business," says Jerome N. Lehman, CCIM, president of Prudential CRES

More Power to You 

There you are, stuck in traffic, calling your client to explain, and your cell phone dies. While waiting for a weather delayed flight, you catch up on e mail correspondence until your notebook nods off. Working in a restaurant between

Mastering Your Future 

Do your clients care what diplomas hang on your office walls? Probably not, say most commercial real estate professionals who responded to an e mail survey on graduate degrees. "An advanced degree means little to a client except as a

Moving the Goods 

"America is a nation of distributors," says Brian P. Hayes, CCIM, senior director of national accounts at Opus National LLC, in Rosemont, Ill. "The macro trend driving warehouse spec development is the greater distribution of consumer goods." Even macro does

Market Trends(9) 

Moving UptownThe urge to move into the city even has reached small markets, including Sioux Falls, S.D., where developer Craig Lloyd is spearheading the $150 million Uptown at Falls Park on a 5 acre downtown site. Containing 500 residential units

Make the Investment 

While computer technology no doubt is changing how real estate deals are transacted, there is little agreement—or hard data—on how brokers can best use the new electronic tools at their disposal. Is it really feasible to throw up a Web

International Report(3) 

Top 5 International Retail Markets Country % of International retailers present United Kingdom 55 Spain 51 France 49 Germany 47 Italy 45 Source CB Richard Ellis Emerging Markets on Top Real estate investment returns in markets such as Istanbul and

Market Trends(15) 

Corporations Not InvestingDespite the fact that corporate profits are at their highest level in 40 years, today's chief executive officers are not investing back into business operations, says Deloitte Research's Chief Economist Carl Steidtmann. As a share of business investment,