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Climate Change 

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,

Small Properties, Big Challenges 

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

Government Watchdog 

After more than 30 years in commercial real estate, first in New York City and most recently in Orlando, Fla., Lou Nimkoff, CCIM, CPM, president of Brio Properties in Winter Park, Fla., has seen the effects of both good and

Commercial Real Estate Crowdfunding 

Crowdfunding is probably the biggest buzzword to hit the commercial real estate industry in the last couple of years. But what’s the reality behind the hype? As hundreds of crowdfunding portals appear online, is this really the disruptive technology that

Hotel Reservations 

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

Residential Resurgence? 

“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

Stuck in Neutral 

A stubborn office market vacancy rate still hovers around 17.0 percent nationally in second quarter 2013, only marginally below its 17.6 percent peak in 2010. (See Reis sidebar, “The Numbers,” for a 2Q13 report.) This reflects the cautious attitude tenants

Revolutionize Your Work 

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

Regional Outlook(8) 

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(10) 

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 Smarter Cell Phone 

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 

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

A Tale of Two Markets 

&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

Staying Connected 

"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

The ROI on CCIM Education 

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 

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

Regional Outlook(6) 

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

Tech:Take 2 

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,

Born-Again Buildings 

Call it the “Friends” effect After a decade of watching the television show about six characters sharing funky urban digs, young adults in mid size U.S. cities have decided that’s the life they want. But unlike previous

International Report(4) 

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

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

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,

Market Trends(8) 

Studying Student RentersNo surprise here College students look for student housing that provides social opportunities as well as a chance to assert their independence, according to “What Do Students Want?,” a National Multi Housing Council research study. After conducting focus

Market Trends(7) 

Downtown ConvenienceAfter becoming a suburban staple, convenience stores now are entering the urban market in search of new growth opportunities, primarily in successful 24 hour cities that have the residential base to support retail. And the opportunities are there, reports

Market Trends(10) 

Residential CrossoverAlthough the majority of 1.3 million members of the National Association of Realtors specialize in residential real estate, many have secondary specialties in the commercial sector. Percentage of NAR Members With Second FocusCommercial brokerage18%Land development18%Commercial property management11%International4%Auction2%Commercial appraisal1%Source 2007