Commercial Investment Real Estate

JAN-FEB 2013

Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.

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CCIM CONNECTIONS Economic Driver As the newly elected 100th president of the Michigan Association of Realtors, Bill Milliken, CCIM, CIPS, president of Milliken Realty Co., in Ann Arbor, intends to engage the state's Realtor community "to broaden its horizons and reach out for international business." And, according to industry experts, opportunities are plentiful in the Great Lake State. "NAR Chief Economist Lawrence Yun proclaimed Michigan to be the country's leading economic comeback state during the Realtor national convention in Orlando last fall," Milliken says. With the state's Canadian trade volume at $70.2 billion in 2011, Milliken has reached out to the Ontario Real Estate Association to encourage more commercial and residential/resort cross-border business opportunities. Read more about As a long-time supporter and major Bill MillikenÕs efforts to donor to the Realtors Political Action increase global trade Committee, Milliken has seen the impact real estate practitioners have on opportunities in Michigan at www.ccim.com/cire. political eforts at the federal and state levels. "NAR is the largest non-partisan PAC on Capitol Hill and a good deal of its work is on federal legislation afecting commercial real estate, which directly benefts us as practitioners," he says. Milliken also plays a vital role in CCIM Institute's work to forge solid legislative coalitions with NAR and the Institute of Real Estate Management, which ofers members a powerful beneft and advantage. "Together we strive to identify emerging issues, conduct research, and post solid policy positions for our members," he says. "When we rally in Washington, D.C., this spring to meet with our elected representatives on the Hill, these data will give us valuable issue credibility." Join CCIM Institute and IREM for the 2013 Capitol Hill Visit on April 10, and learn more about RPAC membership at www.ccim.com/cire. In 2000, Michigan's strong automotive culture and a "real estate deal gone sideways" helped Milliken turn an industrial space into a car storage facility for the Points & Condenser Preservation Society, which conducts auto tours and hosts events, such as a 2011 book signing with former General Motors Co. vice chairman Bob Lutz. 48 Januar y Fe January | February | 2013 nuar February uar a Commercial Investment Real Estate

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