- Legislative Outlook
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Legislators are gearing up to tackle some big issues when the 115th
Congress is back in session Jan. 3, and Trump is sworn into office Jan.
20. The Republican party is expected to push to get as much done as
possible before the midterm election in 2018 when multiple seats in both
the House and Senate will be up for grabs. Specific to commercial real
estate, here are some key issues the industry is watching: banking
regulations, tax reform, and infrastructure spending.Urban 24-hour cities across the U.S. with global trade and cultural
connectivity such as New York City, Los Angeles, and Miami continue to
lead the nation in population and job growth - two key drivers for
healthy office leasing activity.
While the appeal of suburbia is by no means disappearing, urban
population growth has steadily continued to outpace that of suburbs
nationally during the past five years, according to U.S. Census data.
This is attributable to the increasing number of people across
generational groups - from millennials to baby boomers - choosing to
live in dense urban cities, opting for the live-work-play lifestyle, and
inevitably affecting office leasing in these markets.
- Different Landscape
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Commercial real estate brokers can capitalize on a growing market by understanding its unique needs and challenges.
Startups aren't exactly synonymous with big money for commercial real estate brokers. New businesses are often looking for small spaces and short-term deals. However, brokers would be wise to gi
- Deal Makers
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CIRE magazine (Jan/Feb 2017): The biggest CCIM deals in retail, office, multifamily, financing, hospitality, industrial, and land.
- The Last Innings
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The upward momentum that commercial real estate prices and values have
been experiencing has recently slowed relative to their appreciation
trajectory since their amazing recovery starting two years after the
credit crisis. Given the challenges in today's world and the many
dynamics affecting commercial real estate, the economy, and the
financial markets, it is time to fully understand the next phase of the
current market cycle.
- The Comeback Kid
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The year is coming to a close. Now is the time to consider charitable donations for today and tomorrow.
Individuals may think about what charities have made a difference in
their lives. Or ask themselves what legacy they want to create. Now
Alfred Nobel is not remembered as a cannon manufacturer but for funding
the prestigious Nobel Prizes.
- Capital Conundrum
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The year is coming to a close. Now is the time to consider charitable donations for today and tomorrow.
Individuals may think about what charities have made a difference in
their lives. Or ask themselves what legacy they want to create. Now
Alfred Nobel is not remembered as a cannon manufacturer but for funding
the prestigious Nobel Prizes.
- Celebrating 50 Years
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Founding CCIM Institute members advanced the commercial real estate industry.
To celebrate the 50 years of CCIM Institute, Commercial Investment Real Estate will showcase prominent CCIMs who moved the entire commercial real estate profession forward. All six issues of CIRE published in 2017 will share storie
- Political Contender
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In March of 2015, commercial real estate broker and developer, Dolly
Elizondo, CCIM, was running to become the first Latina from Texas to
serve in the U.S. Congress. Placing third in a six-way Democratic
primary, she narrowly missed the runoff by a mere 1,026 votes out of
more than 50,000 cast.
As she continues her commercial real estate career and contemplates
her political future, Elizondo appreciates the long path that brought
her to where she is now.
- Technology Unleashed
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Commercial Investment Real Estate magazine looks at new technology for CRE professionals.
- International Beat
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CIRE Magazine (Jan/Feb 2017): A look at the latest in commercial real estate industry around the globe.
- Regional Outlook
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Investment is booming in San Francisco | Uber and Lyft ride sharing affects CRE sector | Nashville hotel rates grow with increase in tourism | Low oil prices and bigger business profits | Construction in Chicago is big | Boston's warehouses drive vibrant industrial market | Twin Cities multi-tenant market fundamentals continue improvement
- Jumping Through Hoops
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For most real estate analysts, the beginning perspective for retail real estate market analysis is often a site in search of a user, according to “A Rational Approach to Feasibility Analysis” in The Appraisal Journal. This is consistent with the theory that a user can pay the most to occupy a site since the user can place it into productive use immediately. An astute investor or developer values the property based on what the user can afford to pay to occupy the space.
- Mining Gold
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Research from the likes of BDO and NAREIT finds that Real
Estate Investment Trusts are facing performance risks, potential market
volatility, and heightened attention from investors after outpacing the
Standard & Poor's 500 during most of 2016.
REIT fund managers can either follow or ignore guidance on the
financial opportunity that commercial building energy retrofits offer to
maximize earnings and sustain a competitive advantage. Ignoring
guidance presents major performance risks.
- Market Trends
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U.S. industrial markets absorbed 74.9 msf in the third quarter of 2016,
rising 29.1 percent compared to third quarter of 2015, according to
Cushman & Wakefield. To date, the industrial sector has posted 26
consecutive quarters of net occupancy gains. “The indicators we monitor,
such as containerized traffic, transportation indices, and consumer
confidence, are still trending in a positive direction, which should
continue to translate into robust industrial leasing activity,” says
Kevin Thorpe, global chief economist at Cushman & Wakefield in
Washington, D.C.
- Tug of War
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The year is coming to a close. Now is the time to consider charitable donations for today and tomorrow.
Individuals may think about what charities have made a difference in
their lives. Or ask themselves what legacy they want to create. Now
Alfred Nobel is not remembered as a cannon manufacturer but for funding
the prestigious Nobel Prizes.
- 50th Anniversary
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President's Desk: It's a celebration of CCIM Institute's 50th birthday in 2017, and we
will be honoring that event by providing greater service and benefits to
our members.
- Risky Business
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Moving forward, investment risk does not center on how likely a tenant
is to default within 12 to 18 months, which is the general timeframe of a
corporate credit rating. The concern is how likely the lease contract
is to perform over its entire life, which may be 10 years or longer. Most businesses that rely heavily on real estate in their day-to-day
operations prefer leasing to ownership for managing their real estate
locations. Among the many reasons for this preference are the cost of
capital and corporate flexibility.