- Hotel Reservations
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It’s a sign of the new normal that North Dakota has been the top market in hotel performance for the past two quarters, according to Marcus & Millichap. It scored 114.0 compared to the U.S. average of 104.2, when measuring
- Small Properties, Big Challenges
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Investors who manage their own small properties have only three small problems tenants, money, and time. And for professional third party property managers who handle small properties, add landlords to that list. Those challenges cropped up most frequently in an
- Residential Resurgence?
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“When Warren Buffett and Sam Zell comment about distressed single family homes being one of the best investment opportunities in the market, people tend to listen,” says Ken Wimberly, CCIM, managing director of Noble Crest Property Group KW Commercial in
- Climate Change
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Today's economic climate is a lot like the weather somewhat predictable patterns punctuated by terrifying, seemingly random chaos. The acceleration of change due to technology and globalization has altered the foundation of business — the flow of information, goods, services,
- Tech:Take 2
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Tech is back. And it's coming to a market near you. Out in Silicon Valley, Calif., the venture capital angels are rustling their wings as they search for new bioscience companies to fund. Down in the Telecom Corridor of Richardson,
- Teams Work
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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
- Color Your World
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Last January, Benedict J. Frederick III, CCIM, bought an Oki Data C7400DXN color laser printer. “I love this printer,” he says. Emotions often run high when commercial real estate professionals talk about their color printers. They are must have, must
- The Comfort Zone
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“It's getting hot in here…” but in another hour or so, it may be too cold. Complaints about office temperatures rank first among employee gripes, according to an International Facilities Management Association survey. And while building owners and managers may
- Online Job Resources
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Commercial real estate professionals can use online resources that will help them find jobs and locate qualified employees to hire. Here’s a list of the top comprehensive and commercial real estate focused job search engines. America’s Job Bank www.ajb.dni.us Like
- Regional Outlook(8)
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Markets to WatchMinneapolis St.Paul — Interstate 35’s bridge collapse last August has had no noticeable effect on the area’s commercial real estate market, according to Colliers Turley Martin Tucker, but an 11.5 percent industrial vacancy rate — eighth highest in
- Regional Outlook(7)
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Markets to Watch New Orleans &mdash Local developers are rehabbing the Cosmopolitan Hotel into Louisiana&rsquo s first condo hotel, topping the 24 room historic building with a 26 floor, 103 unit tower, just blocks from the French Quarter. Prices range
- A Smarter Cell Phone
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Smartphones — the generic label for cellular phones combined with personal digital assistants — seem like an idea whose time has come. Doesn't everyone want to give up carrying multiple gadgets? Who wouldn't like downloading e mail on the road
- Smart Selections
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Business books are like potato chips You can’t really stop after just one. And for business book junkies, there is certainly no dearth of material. Nearly 5,000 business related titles were published last year, according to R.R. Bowker, which tracks
- The ROI on CCIM Education
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CCIMs in small markets and small firms initially may be attracted to the CCIM education program because it’s one more way to distinguish themselves in a limited market. Often, though, the education program ends up fundamentally changing the way they
- The Secrets to Success
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Boiled down to its essentials, marketing is whatever makes the phone ring. It's whatever encourages potential clients to seek you out initially and whatever drives repeat clients to pick up the phone and call you again. At one time, the
- Revolutionize Your Work
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How do you catch up with commercial real estate professionals who are ahead on the technology curve? In a word, change. Change How You Work. "I use technology big time," says Stefan M. Cihylik, CCIM, a broker with the Frederick
- Staying Connected
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"Does it track people or properties?” “Will it sync to my Palm Pilot?” “Can I use it on a network?” “It's too slow too complex to learn ” Commercial real estate professionals have numerous questions and opinions when it comes
- Thinking Big
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How do they do it? Those brokers and sales agents who operate in small markets or who work solo or with just a partner or two? How do they survive in a market as tough as today’s? Common thought might
- Presentations With Pizazz
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It's hard for Garry Rodgers, CCIM, to not use the word &ldquo cool&rdquo when describing his company's latest marketing tool. But after popping in the business card size CD emblazoned with the Rodgers Group logo and watching the short multimedia
- Regional Outlook(6)
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Markets to WatchChicago —Windy City apartment sales could drop 30 percent this year, the steepest percentage decline since 2002, according to CB Richard Ellis. CBD sales rose 125 percent last year and the average unit price increased 85 percent to
- Regional Outlook(10)
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Missoula, Mont.A Different Kind of DevelopmentConservation development may sound like a contradiction, but as Montana and other Rocky Mountain states cope with increasing populations, this model of preserving open space may become an accepted practice. A good example is the
- A Tale of Two Markets
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&ldquo It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the
- Triple-Net Triple Threat
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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
- The Genius of GIS
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Experience and technology are a potent combination in commercial real estate land acquisition and site selection. While there is no substitute for local area knowledge, having the ability to specify, analyze, and package local market information to meet a particular
- Niche Nosh
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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