Career Changer 

Peter Stergos, CCIM, made the leap from working with the client at Cushman & Wakefield to becoming the client at United Technologies Corp. Four years after he made the career switch, Stergos is heading up Real Estate Transactions and Strategy for the $57.9 billion company. “Not many commercial real es

Cultivating Connections 

Our virtual world ensures connections can be made anywhere. CCIM Institute, however, realizes face-to-face meetings remain crucial for creating lasting relationships and providing multiple opportunities for our members to meet with their clients and colleagues. CCIM's exhibit booth at ICSC RECon in La

Workforce Benefits 

The Family and Medical Leave Act requires that employers with 50 or more employees provide eligible employees with 12 weeks of unpaid job protected leave for family and medical reasons in a 12-month period. There has been significant publicity lately about large companies going further and providing women

Regional Outlook 

East Boston’s Big Deal Boston traversed the $1,000 psf mark for office properties last fall when JP Morgan Chase and Oxford Properties Group closed on the $1.3 billion sale of two Back Bay office buildings, 500 Boylston St. and 222 Berkeley St., purchased from Blackstone Group. The 1.3

U.S. Hotel Market: An Overview 

Demand is high and fundamentals are strong — for now. There's an imbalance in the hotel segment right now, but it's benefiting investors and hotel owners. Demand is far outpacing supply. That simple dynamic has built a strong hotel segment across the United States, and it continues to gain steam in many of th

Fond Farewell 

CIRE executive editor Sara Drummond is retiring after 22 years of writing and editing for the magazine. During her 22-year tenure, Sara Drummond has had a lasting impact on the editorial contents, graphic design, and production of Commercial Investment Real Estate - always placing the needs of its audience fi

Big Box Breakup 

Retail experts puzzle out shrinking store footprints and excess space. As the economy has recovered, many in the retail industry were hoping to leave the deluge of store closings in the rearview mirror. Yet those objects are definitely closer than they appear. Despite the fact that the retail sector has once

Borrowers Beware? 

Financing conditions tighten as lenders face more-stringent regulations. While commercial real estate is coming off a great year for transaction volume and pricing in 2015, it's been a difficult first quarter for the economy, and suddenly projections for commercial real estate's performance this year are bein

Deal Makers 

The Biggest Deal Brian Whitmer , CCIM, of Cushman & Wakefield in East Rutherford, N.J., and five partners negotiated the $299 million sale of two office buildings totaling 858,000 sf in Jersey City, N.J., from Gramercy Property Trust to Spear Street Capital. Financing Big Deal Leonard

Competitive Conundrum 

Net lease developers can thrive with the right capital partners. During the last five years, real estate developers have benefited from an aggressive lending market coupled with falling capitalization rates. This has increased interest and competition in build-to-suit and speculative development. As cap ra

International Beat 

China's Big Deal Chinese investors' love affair with U.S. hotels continues, as China's Anbang Insurance Group - owner of New York's Waldorf Astoria - has agreed to buy Strategic Hotels & Resorts for around $6.5 billion, from the Blackstone Group, which just acquired it last December for around $6 bill

Independents’ Day 

Small size matters, so does flexibility, agility, and personalized service. It isn't just wanting to be your own boss - although that's part of it. And it isn't just the wish to break free of a big, bureaucratic reporting structure - although that's part of it, too. And it isn't just wanting to keep more of w

Risky Business 

Employees rely on anytime-anywhere data access. As a result, using consumer file sharing applications at work is extremely prevalent. These apps deliver convenience, making them an easy choice for document access, information sharing, and collaboration. However, drawbacks exist. What is the potential cost to

Striding Toward Equality 

Women have made enormous inroads in commercial real estate by focusing on their skills, natural strengths, and networking Women's innate strengths in customer service, collaboration, and sales can shine in the commercial real estate profession. Finding mentors and undergoing rigorous training in the industry

Acquisition Master 

Acquisitions begin with the bricks and mortar for G. Joseph Cosenza, vice chairman of the Inland Real Estate Group in Oak Brook, Ill. If the bricks and mortar do not pass his well-defined standards, he looks no further. “If you're a true real estate person, it's the actual property structure that you

Chasing Value 

Change in tax law for REIT spin-off deals sparks creative solutions. Recent changes to the Internal Revenue Code have ended the tax-free benefits of real estate investment trust spin-off transactions. Characterized by some as a Wall Street loophole, the beneficial structure enabled operating companies to dist

Market Trends 

Auto Parts Drive Net Lease Market Auto parts stores remain in high demand by net lease investors in the $2 million and under sales category, according to The Boulder Group. Small investors favor auto parts stores over dollar stores because they tend to be located in primary and secondary markets near bigg

Retail MOBS 

Mall medical offices challenge leasing conventions. Hospital systems and other medical providers are aggressively opening locations in suburban shopping centers to make health services more convenient for their patients. At first glance, this is a mutually beneficial development. The costs to lease retail fac