International Beat 

Dubai’s Big Deal A Hong Kong based investor group, Chow Tai Fook Endowment Industry Investment Development, has purchased $1.9 billion in residential and hotel assets in the stalled Dubai Pearl project, a 20 million sf mixed use development in Dubai.

Seeking Comfort 

When providing loans on branded hotel properties, mortgage lenders usually seek a “comfort” or “recognition” letter from the brand’s licensor or franchisor. A comfort letter is a tri party agreement among the owner, the lender, and the licensor. Its purpose

Capitol Perspective 

“Commercial real estate professionals have a vital role in supporting economic development because they are the ones who coordinate the deals that lead to job creation in our communities,” says U.S. Rep. Steve Stivers, who is currently serving his second

Market Trends 

Briefly Noted Hospitality — With more money available for construction lending, Pittsburgh has become a mecca for limited service hotels, with the number of rooms increasing more than 1,000 percent since 2007, according to a analysis of STR data.

CCIM Green 

The sustainability industry is at its tipping point. The past decade has been about educating the market and early adopters embraced sustainability piecemeal, but the industry has yet to achieve mass market adoption. Many building owners and corporate users are

Investment Track 

While many novice investors jumped on the fast and furious multifamily train in recent years, the stalwart industry pros were focused on finding the best tracks — not necessarily the ones most traveled. Multifamily investment and asset management expert Michael

Carbon Credits 

Energy and carbon credits can help to reduce variable operating expenses, increase net operating incomes, lower capitalization rates, increase internal rates of return, and mitigate risk. These dynamics reflect the changing characteristics of socially responsible investment models and create a

Blended Learning 

CCIM Institute’s new course delivery method is also delivering a new member benefit to designees. As part of the blended learning initiative, CCIM is creating its own online education library. For CI 101 alone, CCIM’s senior instructors have already produced

Lease Buyout Decisions 

Making decisions in commercial real estate often involves more than just calculating a capitalization rate or net present value, because there is always a component of unknown risk. In the office leasing sector, risk is created by local market factors,

2014 Midyear Market Review 

In January, Integra Realty Resources released Viewpoint 2014, reflecting our national assessment of real estate market cycles throughout 63 primary, secondary, and tertiary U.S. markets. These preliminary results of our midyear update highlight forecasts for markets with solid investment fundamentals


Real estate ownership is one of the oldest — and most inefficient — businesses. Real estate companies or “sponsors” looking to raise equity for new development, project repositionings, or acquisitions still rely heavily on old school methods such as their

The CCIM Foundation: Past, Present, Future 

Conceived by Jay W. Levine, CCIM, and other early members, including Victor Lyon, CCIM, the CCIM Institute has built its reputation on delivering the most in depth education and analytical tools available in the commercial real estate industry. Both Levine

Quantitative Easing 

The U.S. economy is in uncharted waters. The Federal Reserve has tried to stimulate the economy through a combination of low interest rates and quantitative easing, a method of increasing the amount of money in circulation. We hear a lot

Regional Outlook 

West Las Vegas’ Big Deal The Cosmopolitan Hotel and Casino brought more than the “just the right amount of wrong” to Deutsche Bank, which sunk $4 billion into constructing and running the 3,000 room property after foreclosing on the original

Think Big 

The national office leasing market that emerged from the recession was a vastly different animal than the one that entered it in 2008. The years of downturn transformed how corporate tenants around the country define their use of space, and

Bonus Benefits 

The CCIM Institute continues to look for ways to make your membership more valuable. I’m pleased to tell you about three new benefits that will increase the return on your investment in our organization. In May, the Institute finalized a

Lease to Sell 

When an owner considers the sale of a retail property, the process begins not the day a listing goes online but two or even three years beforehand. A smart owner will assemble a team to develop and execute a plan

Deal Makers 

The Biggest Deals Russell T. Noll, CCIM, of Transwestern in San Antonio and a partner negotiated the $33 million sale of 128,473 sf of medical office space in San Antonio from Sports SA Holdings LP to an undisclosed buyer. Justin

July/August Online Deal Makers 

Industrial Bill Milliken, CCIM, of Milliken Realty Co., in Ann Arbor, Mich., represented a private lessor in the 4 year, $1.8 million lease of a 100,452 sf industrial property in Ann Arbor to Edwards Brother Malloy. Renee D. Dyer, CCIM,