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Expand Your Expertise 

Specializing in one industry sector helps commercial real estate professionals stand out and become well known experts. However, being a generalist can help to increase business, marketability, and flexibility. While carving a niche and broadening your scope each have distinct

Keeping Costs Down 

The new business mantra of 2009 is clear Save, save, save. Many commercial real estate professionals are gripping their purse strings tightly, simply trying to survive until the market rights itself. And while some tenants continue to develop and grow

January Online Deal Makers 

Office Michael R. Dunn, CCIM, of Commerce CRG Cushman & Wakefield in Las Vegas represented AIG Casualty Co. in the 5 year, more than $2.9 million lease of 19,825 sf of office space in Las Vegas from EJM Arroyo Corp.

Market Trends Online(1) 

Photo credit W Hotels Elizabeth Fraiberg Photography The tallest office skyscraper west of Chicago in 1929, Minneapolis&rsquo Forshay Tower has

Regional Outlook(27) 

EASTLuxury Development Comes to BaltimoreThe Bozzuto Group has secured $75 million to develop the Fitzgerald at UB Midtown in Baltimore. Located in the city’s Cultural District, the mixed use community will occupy 4.6 acres of land owned by the University

CCIM Writers and Readers(1) 

If variety is the spice of life, then the January February 2009 issue of Commercial Investment Real Estate magazine is a veritable banquet of ideas for commercial real estate professionals to digest. From credit crisis to carwashes, designations to disasters,

Financing Fusion 

Many areas of the U.S. have an oversupply of office and industrial property, tight access to capital, and fewer and shrinking local businesses to sustain property absorption. During this turbulent period, the ownership leasing hybrid approach may provide an attractive,

CCIM Spotlight: Change to Spare 

CCIM changed my life is a common sentiment among commercial real estate professionals who have earned the designation. But when 2009 CCIM Institute President Charles A. Mac McClure III, CCIM, CRE, GRI, says these words and he often does he&rsquo

Smartphone Showdown 

The Apple iPhone has a definite cool factor among design professionals, but is there enough substance behind the style to get business professionals to give up their BlackBerrys? Perhaps. The introduction of the faster iPhone 3G gives business users the

Invest in Main Street 

As I begin my term as CCIM Institute president, I recall how this organization and its members have stepped up to the challenges of past economic downturns. It&rsquo s a scenario that is being repeated this year CCIM Institute has

International Beat(17) 

INTERNATIONAL STATS Top Five Most Expensive Retail Rents 1. New York 2. Hong Kong 3. Paris 4. Milan, Italy 5. Dublin, Ireland Source Cushman & Wakefield INTERNATIONAL STATS Prime Office Vacancy Rates, Europe Market Prime Vacancy Rate 3Q08 (%) Prime

Signing Strategies 

In today’s uncertain economy, transactions often unravel in unpredictable and unusual ways such as unplanned cancellations when financing falls through or renegotiations right before agreements are signed. But the current market’s anxiety is causing even signed deals to come apart

Polish Your Portfolio 

Specialized retail businesses pose risks for commercial real estate investors, but they also can provide rewards in the form of strong return on equity. Carwash investments are on the fast track to becoming a top performing retail niche in many

When Disaster Strikes 

On Friday, March 14, 2008, the unexpected stormed the front door of 100 Peachtree in Atlanta. Owned by one of Equastone Real Estate Investment Advisors&rsquo funds, the former Equitable Building, one of the oldest and most recognizable office properties defining

What's it Worth? 

Eminent domain gives government the power to condemn or take away privately owned property for public purposes. In recent years this has come to include selling or transferring land to private entities for economic development purposes. Eminent domain power exists

Military Maneuvers 

As a result of the U.S. Department of Defense&rsquo s 2005 Base Realignment and Closure proposal, several military facilities across the country have been deemed either obsolete or in possession of surplus lands that hold valuable development potential for the

Estimating Economic Impact 

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February Online Deal Makers 

Office Jay Taylor Jr., CCIM, of Sperry Van Ness AIM Real Estate Advisors in Raleigh, N.C., represented Waker Enterprises in the more than $2.3 million purchase of 21,000 sf of office flex space in Raleigh from Atkins Selsor LLC. Stan

Crossing the Divide 

Listen to this article's follow up podcast. We have journeyed many roads over the last few quarters, taken part in many diversions, and had many ups and downs (mostly downs). Now on the cusp of 2009, we find ourselves standing

Buyers Guide(30) 

Shoot to Thrill Casio&rsquo s 9.1 megapixel Exilim Zoom EX Z85 compact digital camera features a 2.6 inch LCD monitor with customizable menu screens and frame designs. The device&rsquo s auto shutter function allows users to snap pictures without pressing

Deal Makers(36) 

Office BIG Deal Marty Busekrus, CCIM, of NAI Rauch, Weaver, Norfleet, Kurtz & Co. in Fort Lauderdale, Fla., negotiated the more than $8.7 million sale of a 30,000 sf office building in Coral Springs, Fla., from an undisclosed seller to

CCIM Career News(1) 

Paul L. Schulman, CCIM, of Brookfield Properties in New York has been appointed Chief Operating Officer of U.S. Commercial Operations of the company. Jim Tucker, CCIM, senior adviser for Sperry Van Ness in Richmond, Va., helped launch the Sperry Van

Written Results 

The seller’s paradise of yesterday has evaporated, leaving a bid ask gap that turns many of today’s deals to dust. To help bring sellers’ expectations in line with the current market, industry pros such as George C. Larsen, CCIM, principal

A Clean Investment 

An increasingly growing sector, carwash facilities are potentially lucrative projects for some commercial real estate investors. While carwashes come in many shapes and sizes, express carwashes have the widest market appeal according to experts in the field. Commercial Investment Real

Market Trends(28) 

Briefly NotedHospitality — Hotel transactions are down 48 percent from 2006’s peak activity with only 668 deals closing by the end of 3Q08, according to Lodging Econometrics. Average sales price per room for properties larger than 200 rooms is $115,030,