- Hawaii Chapter and IREM Host Hawaii’s Largest Networking and Educational Event
As the largest and most comprehensive networking and educational event of its kind in the state, the 26th Annual CCIM/IREM Real Estate Forecast, Jan. 26, attracted more than 650 real estate professionals. Sponsored by the Hawaii CCIM Chapter and IREM Hawaii, venue capacity is regularly capped out each year.
- Deals and Drinks Event Showcases Variety and Comradery
Since its inception three years ago, the CCIM Institute Deals and Drinks event has grown to become one of the most popular networking events held during CCIM Institute meetings. During the 2018 Midyear Governance Meetings in Tampa, Fla., Deals and Drinks drew its largest crowd to date with an increase in international attendees and its greatest variety of investment opportunities.
“It's been our team's goal to provide additional fun opportunities to network and engage at all of our governance meetings,” says 2018 Networking Subcommittee Chair Carmen Austin, CCIM. “And Deals and Drinks is a relaxed and exciting mix of lively people that want to engage, network, and share their listings, needs, or experiences."
- Interest Rate Hike Impacts U.S. Commercial Real Estate
During its March Federal Open Market Committee (FOMC) meeting under new chair Jerome Powell, the Federal Reserve raised its key interest rate on Wednesday by another 25 basis points from 1.5 to 1.75 percent. This is the sixth rate hike since December 2015 typically signaling higher cap rates and lower property prices.
“The economic outlook has strengthened in recent months,” the Fed said in its post-meeting statement Wednesday, adding that the U.S. economy can expect even faster growth and lower unemployment ahead. The Fed is expected to hike rates three more times in 2018.
- CCIM Foundation Announces New Named Endowed Scholarships
During CCIM Institute's 2018 Midyear Governance Meetings in Tampa, Fla., the CCIM Foundation presented awards for five new fully funded named endowed scholarships, along with a previously matched scholarship.
“Our scholarship program continues to grow with the total number of chapter associated scholarships now at 112,” says 2018 CCIM Foundation President and 2018 CCIM Institute President-Elect Barbara M. Crane, CCIM. “I congratulate the newest honorees and chapters.”
- Fordham University to Offer CCIM Institute Courses
Commercial real estate's premier professional organization establishes a partnership with Fordham University's Real Estate Institute
CCIM Institute is collaborating with Fordham University's Real Estate Institute to offer its designation curriculum in New York City. The cornerstone of the CCIM Institute program, the designation curriculum is designed to equip commercial real estate professionals and students in the New York City market with the skills needed to profit in the ever-changing commercial real estate industry.
“The partnership formed between Fordham University and CCIM Institute creates a unique educational opportunity for those wishing to further develop or pursue a career in commercial real estate,” says CCIM Institute Senior Instructor Stanley A. Gniazdowski, CCIM. “These courses bring a unique opportunity to link academia with real-world application and experience.”
- Steel and Aluminum Tariffs Bring Uncertainty to U.S. Commercial Real Estate
New tariffs bring short-term concerns for U.S. commercial real estate development.
Fulfilling his 2016 campaign pledge to impose tariffs on steel and aluminum, President Trump formalized a 25 and 10 percent tariff on steel and aluminum, respectively, last week. Coupled with recent fluctuations in hard and soft development costs, questions remain whether a tariff will produce a real price increase or if non-tariffed materials will fill demand domestically.
“A tariff resulting in less competitive pricing for steel and aluminum can certainly increase development costs,” says Professor Jeff Englestad, Ph.D, FRICS, CCIM, of the University of Denver's Burns School of Real Estate and Construction Management. “But keep in mind that this is a subset of one of the many development costs in a domestic development project.”
- Nine Chapters Earn CCIM Institute’s 2017 President’s Cup Award
The CCIM Institute recognized nine local CCIM
chapters for excellence at its 2018 Midyear Governance Meetings in Tampa, Fla.,
held April 8–12. The annual CCIM President's Cup awards
program took place on April 10, honoring CCIM chapters that have demonstrated
the highest degree of skill, ingenuity, and innovation in promoting the CCIM
Institute brand at the local and regional levels.
- CCIM Institute Broadens Global Footprint at MIPIM
CCIM members and leaders met with multiple global industry participants at MIPIM, March 13-16, in Cannes, France. With an emphasis on showcasing CCIM Institute coursework offerings and its international networking platform, CCIM shared a booth with SIOR, leveraging both organizations' strong commitment to global membership and growth.
“To be a truly global real estate organization, we must be ingrained into the international commercial real estate world,” says CCIM Institute President David P. Wilson, CCIM. “Attending MIPIM affords us the opportunity to meet with many commercial real estate investors from all over the world in one place at one time.”
- 164 Commercial Real Estate Pros Earn the Prestigious CCIM Designation
CCIM Institute's newest 164 designees were honored by CCIM Institute and their local chapter members during a pinning ceremony on April 11 during CCIM Institute's Midyear Governance Meetings at the Grand Hyatt Tampa Bay in Tampa, Fla. The new CCIMs have varying years of experience and work in all aspects of the commercial real estate profession. They hail from 37 states and Canada.
The CCIM designation is considered the most rigorous commercial real estate professional designation to obtain due to extensive coursework, a peer-reviewed commercial portfolio, and a final comprehensive exam lasting six hours. Five years is average time to complete the CCIM designation requirements.
- CCIM Leaders Focus on Education and Member Benefits at the Midyear Meetings
Continued improvements in educational offerings, new technology benefits, and increased marketing resources for members and chapters dominated the agendas of the CCIM Institute Board of Directors and governing committees during CCIM Institute's Midyear Governance Meetings held April 8-12 at the Grand Hyatt Tampa Bay in Tampa, Fla.
“Because of the excellent chair/vice chair training conducted in Scottsdale in Feb., the Tampa meetings ran very smoothly,” says 2018 CCIM Institute President David P. Wilson, CCIM. “Committee members came prepped and prepared, making the meetings efficient and effective.”
- Southern Arizona Sparks Membership with Rookies and Rock Stars
In a successful initiative last September, the Southern Arizona CCIM Chapter's 2017 “Rookies and Rock Stars” program matched designees with a group of University of Arizona students to expose them to CCIM Institute courses. Along the way, the event bolstered chapter membership, benefited chapter designees, and helped forge stronger ties with local universities.
- CCIM Institute Wins Association Forum’s 2018 Welcoming Environment Organizational Award
CCIM Institute was chosen as the inaugural recipient of Association Forum's 2018 Welcoming Environment Organizational Award. This honor is awarded to an association that has demonstrated exemplary outcomes in providing an inclusive and welcoming environment and culture.
“For more than 50 years, CCIM Institute has forged a worldwide reputation of excellence and it is fitting that this excellence extends to my colleagues,” says CCIM Institute CEO/EVP Gregory J. Fine, FASAE, CAE. “I can take no credit for this award but in my very short tenure I have been deeply inspired by this engaging and welcoming atmosphere where uniqueness is valued, respected, and supported through opportunities and interaction.”