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Color Your World 

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

Containing Sprawl 

The post World War II American dream has come true, and its name is sprawl. “A new metropolitan form … America of the mall, the beltway, the subdivision, the multiplex movie theater, the drive through fast food outlet, the low

The Genius of GIS 

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

The Comfort Zone 

“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

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

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

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

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.

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

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

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

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

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

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,

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.

Investing in the Arts 

"John says he found us a needle in a haystack," says Diane Litsey, executive director of the Children's Dance Foundation in Homewood, Ala. "And he did." The needle was at least 10,000 square feet of dance studio space with 50

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

India Calls 

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

Market Trends(9) 

Moving UptownThe urge to move into the city even has reached small markets, including Sioux Falls, S.D., where developer Craig Lloyd is spearheading the $150 million Uptown at Falls Park on a 5 acre downtown site. Containing 500 residential units

Market Trends(6) 

Waterparks Make a SplashWaterparks are no passing fad, according to hospitality experts. Thirty three resorts with waterparks opened in 2007 and 55 are scheduled to open this year, a 32 percent increase that will result in 224 U.S. waterpark resorts

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,

Mapping the Road to Success 

A picture is worth more than 1,000 words, according to Jeff Siebold, CCIM, The Siebold Group, Jupiter, Florida, especially if that picture is a color coded map showing him all the investment opportunities in a particular market. "When you go

Market Trends(17) 

More Women Join Industry More women are joining the commercial real estate profession, but men still earn more at comparable age and experience levels, according to a 2005 Commercial Real Estate Women Network survey. Women comprise 36 percent of commercial

Market Trends Online(13) 

Capitalization Rate Forecastby percentage of properties Property Type2007 Average Cap Rate% Decline% Increase% StableSuburban multifamily6.342.630.766.7Urban multifamily6.533.627.369.1Neighborhood strip center7.21 3.535.161.4Regional mall6.931.834.563.6CBD office7.464.432.563.2Suburban office7.421.828.170.2Bulk warehouse7.535.529.165.5R&D7.923.637.558.9Source Integra Realty Resources Manufacturers Move OutThe search for large parcels of industrial zoned land has pushed beyond

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