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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COMMERCIAL INVESTMENT IN THIS ISSUE Last year, CCIM-brokered transactions reported to CIRE's Deal Makers column totaled more than $1.7 billion — not bad, considering that only a fraction of deals are sent to us. Submit your deals online at CCIM. com/deals. Tanks to the property owners and managers who partici"The relative safety pated in CIRE's frst property manof commercial real agement survey. Read what we found estate continues out on p.32. Associate Editor Rich to be critical for Rosfelder hit the Las Vegas Strip last October to report on CCIM Live! investors." p.27 Find out what you missed on p.36. ¬ Commercial Investment Real Estate, the member publication of the CCIM Institute, reports on market trends and analysis, current developments in the field, and successful business strategies. CIRE Staff Executive Vice President/CEO Henry F. White Jr. Executive Editor Sara Drummond sdrummond@ccim.com Senior Editor Jennifer Norbut jnorbut@ccim.com Associate Editor FEATURED WRITERS Kenneth P. Riggs Jr., CCIM, CRE, MAI, peers over the fscal clif to present his 2013 economic forecast on p.26. Riggs is chief real estate economist for CCIM Institute and chairman and president of Real Estate Research Corp. C. William Barnhill, CCIM, and Ben Vestal review the self-storage Riggs market for investors on p.22. Barnhill is president of Omega Properties and has brokered and owned self-storage properties for 19 years. Vestal is president of the Argus Self Storage Sales Network. Business Mattson-Teig writer Beth Mattson-Teig looks ahead to job opportunities for commercial real Barnhill estate pros this year on p.39. Rich Rosfelder rrosfelder@ccim.com www.ccim.com/podcasts What's the economic outlook for commercial real estate? Kenneth P. Riggs Jr., CCIM, CRE, MAI, updates his 2013 forecast. 4 January | February | 2013 Executive Officers President Wayne D'Amico, CCIM Essex, Connecticut President-Elect Karl Landreneau, CCIM Baton Rouge, Louisiana First Vice President Mark Macek, CCIM Great Falls, Montana Contributing Editors Richard Broder, CPM, Craig Haskell, Dennis LaMantia, Stephen Rangel, and Michael Zaverton Design Consultant Commercial Investment Real Estate (ISSN 1524-3249) is published bimonthly by the CCIM Institute of the National Association of Realtors, 430 N. Michigan Avenue, Chicago, IL 60611-4092. Periodicals postage paid at Chicago, Ill., and additional mailing offices. Postmaster: Send address changes to Commercial Investment Real Estate, 430 N. Michigan Avenue, Chicago, IL 60611-4092. Subscriptions: $45 for nonmembers in U.S.; $55 for nonmembers in Canada and Mexico. Call (800) 532-8633. For reprints, call (312) 321-4460. podcast Only @ The CCIM Institute, an affi liate of the National Association of Realtors, confers the Certified Commercial Investment Member designation to commercial real estate professionals who have extensive training and industry experience and complete a rigorous study program. The opinions expressed in signed articles and materials appearing in Commercial Investment Real Estate, including specific references to products and services, are those of the authors and not necessarily those of Commercial Investment Real Estate, the CCIM Institute, or the National Association of Realtors. © 2013 by the CCIM Institute. All rights reserved. Editorial address: 430 N. Michigan Avenue, Chicago, IL 60611-4092; (312) 321-4460; magazine@ccim. com; www.ccim.com/cire. Treasurer Charles C. Connely IV, CCIM Kansas City, Missouri Editorial Review Board Adrian A. Arriaga, CCIM Roger B. Broderick, CCIM Todd D. Clarke, CCIM David B. Eaton, CCIM Jeff Engelstad, CCIM Eric B. Garfield, CCIM Tony M. Guglielmo, CCIM Thomas E. Hankins, CCIM James L. Helsel, CCIM Soozi Jones-Walker, CCIM J. Howard King, CCIM Robert Knight, CCIM George C. Larsen, CCIM Kevin G. Lenze, CCIM Mark L. Levine, CCIM Charlie Mack, CCIM Michael T. McLean, CCIM James J. Piro, CCIM David L. Schank, CCIM Robert M. Stone, CCIM Reader Services: All dues-paying members of the CCIM Institute receive Commercial Investment Real Estate magazine six times a year as a member benefit. Subscribe, purchase back issues, or order customized article reprints: www.ccim.com/cire or (800) 532-8633 x4507. Make address changes: magazine@ccim.com or (800) 532-8633 x4507. Request reprint permissions: rrosfelder@ccim. com. Submit articles and editorial ideas: sdrummond@ccim.com. For advertising information, contact: Rich Rosfelder at (312) 321-4507 or rrosfelder@ccim.com Commercial Investment Real Estate

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