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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,

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

Hunting for Recreational Properties 

Land is America's new stock market. In some parts of the country, people burned by Wall Street are putting their money into what Scarlett O'Hara called “the only thing that lasts.” For example, Curt Eilers, CCIM, a broker investor who

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

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

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

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.

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

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

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.

Triple-Net Triple Threat 

Looking for a rock solid investment in a shifting economy? Look no further than single tenant net leased properties. In markets where shopping centers sit empty and office buildings are dark, the lights are on (usually 24 hours) at the

Market Trends(32) 

Briefly Noted

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

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

The Affordability Question 

Highland Park, Ill., a Chicago suburb where the median home price is $430,000, recently passed a zoning ordinance mandating that 20 percent of new multifamily developments with five or more units must be sold as affordable housing. It's an indication

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

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.

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

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

Teams Work 

The first lesson of economic development is that it pays to be in the right place at the right time. And in today&rsquo s economic climate, the right place is just off Highway 12 14 in Middleton, Wis., where Rob

Commercial Real Estate by Degrees 

Master of science in real estate or an MBA with a concentration in real estate? That's one of the many decisions potential graduate students must make when they return to school for an advanced degree. Fortunately a growing number of

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

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

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