- The View From Abroad
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It's a small world after all, reports Manfred Chemek, CCIM, CEO of Manhelm International in Houston, and one of the Commercial Investment Real Estate Institute's co ambassadors to Germany. At a cocktail party in Houston, he met some local oil
- Business Beyond Borders
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Commercial real estate increasingly is becoming a global business. At CCIM Institute’s 2004 conference, Albert S. P. Wong, CCIM, CIPS, Silvia G. Gangel, CCIM, and Colin Fox, CCIM, participated in a roundtable discussion on conducting business in three rapidly growing
- The Effects of Globalization
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The following examples illustrate how quickly the process of globalization is changing the world. As Third World economies catch up to first world economies, the playing field shifts, and corporate real estate users look for opportunities created by those changes.
- Investing Worldwide
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Commercial real estate professionals who do most of their business in the U.S. often focus on the local rather than the international picture. Yet in today's fast globalizing economy, that may be a short sighted stance to take. In the
- India Calls
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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
- Russia Rising
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Russia’s commercial real estate market is in an exciting phase of development, reflecting the Russian economy’s dynamic growth. One of the highlights is Moscow’s office sector, which has surpassed London in total annual lease up for the first time this
- What Motivates Inbound Investors?
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To ensure seamless and efficient international transactions, commercial real estate professionals must understand the factors that motivate international investors to place their money in U.S. properties. Safety. The U.S. is regarded as the safest and most stable country in the
- Crossing Borders
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In Charleston, S.C., a broker leases space for a new Bi Lo grocery store in a local strip center, completing a transaction with an international company that has holdings in 28 countries. In Dallas a commercial real estate practitioner negotiates
- Buying American
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Two years ago, it was a relatively easy decision for foreign sources to invest in U.S. real estate. The economy was chugging along in its seventh year of expansion and nearly all property types were experiencing plunging vacancy rates and
- Deals Without Borders
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As commercial real estate professionals step out of their comfort zones for creative projects in today’s economy, working with inbound foreign investors definitely should be a blip on their radar. However, before launching into this niche, it’s important to
- Eastern Europe Looks West
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In less than 10 years, the Czech Republic, Hungary, and Poland have made an enthusiastic leap from Soviet style socialism to Western style capitalism. Multinational corporations are moving in, the tourism and hospitality industries are booming, and residents have more
- Global Recovery Underway
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The international commercial real estate market is still recovering from the global recession that sent property values into a tailspin, stalled the flow of capital, and cut investment sales activity off at the knees. In the wake of that crisis,
- India’s Major Markets
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India’s robust commercial and residential real estate market, valued at about $50 billion at the end of 2005, is predicted to grow about 25 percent annually, according to Businessweek magazine. Nearly 23 million square feet of new office and
- Guiding Foreign Investors
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Danny Zelonker, CCIM, SIOR, broker associate with Mizrach Realty Associates in Miami, thought he finally had the sale of Halevai LLC’s 23,000 square foot Miami warehouse on track when he discovered a problem. The buyer, a Venezuelan owned meat packing
- It’s a Small World After All
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Forget globe trekking. When it comes to international investing, U.S. based buyers are finding plenty of commercial real estate opportunities nearby as they shop for deals throughout Canada, Mexico, the Caribbean, and South America. Although large institutions and real estate
- International Report(4)
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Moscow Office ValuesSectorDecember 2007December 2006 Average Sales Price (USD SQ. Meter)YieldAverage Sales Price (USD SQ.Meter)YieldCBD16,4587.5%8,2058.8%All submarkets11,3657.5 9.5%6,9789.5%Source Cushman & Wakefield Industrial and Retail Developers Look OverseasWhile the U.S. economy takes a dive, industrial and retail developers cast their hopes on
- Making Money in Mexico
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Editor's note In March 2004, the CCIM Institute hosted its first ever trade mission in Monterrey, Mexico, to promote cross border business opportunities for members. A variety of U.S. and Mexican commercial real estate professionals, including the authors, gathered for
- The Mighty Maple Leaf
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With an economy based on a strong banking sector and an ample supply of natural resources, Canada’s early emergence from the global recession has real estate investors getting off the bench. The Canadian real estate investment market saw a strong
- Real Estate in Russia
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Editor's Note In 2004, Norman Miller, director of the University of Cincinnati's Real Estate Center and CCIM Institute's education consultant, gave a day long series of four lectures in Moscow. Following are some of his observations about Russia 's commercial
- International Influx
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The role of foreign investors in the U.S. real estate market ebbs and flows with a host of factors. Though not quite as predictable as the tide, its movement often is in tandem with the market&rsquo s fundamental drivers. Currently
- Good Morning Vietnam!
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In the midst of an unparalleled economic boom, Vietnam is a growing — and thriving — nation. The increasing presence of modern five star hotels, residential high rises, and beautiful resorts entices tourists from around the globe. However, tourism is
- From the Heartland to China
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As the newly elected president of the Michigan Association of Realtors, Bill Milliken, CCIM, CIPS, president of Milliken Realty Co., in Ann Arbor, has set his sights on expanding Michigan’s international business and trade opportunities, which will have economic benefits
- Mexico or Brazil?
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With so much money accumulated on the sidelines, rising prices for U.S. trophy properties, and highly volatile European markets, international real estate investors are looking for new markets to conquer. According to the 2011 report by the National Commission of
- Land of Opportunity
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It's no secret that commercial real estate in the U.S. has had its fair share of struggles as the economy gets back on track. But when compared to other parts of the world such as Europe, which is experiencing sovereign