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.
Issue link: http://cire.epubxp.com/i/143044
CCIM CONNECTIONS Experience Matters Experience is often the foundation upon which success is built. For Dave Liniger, chairman and co-founder of Re/Max LLC in Denver, a yearlong recovery from a life-threatening illness allowed him to draw on the vision, determination, and experience of establishing one of the world's most successful real estate brokerage companies in 1973. His miraculous road to recovery inspired Liniger to write the book, My Next Step: An Extraordinary Journey of Healing and Hope, a memoir created to "inspire others facing similar difcult challenges in their lives," he says. "Like those in the residential feld, many commercial professionals have faced some very difcult challenges over the last few years," Liniger adds. While he believes the cycle is not quite complete, the worst is over and recovery is taking hold. As one of the industry's most prominent voices for housing reform, Liniger sees the positive momentum in the single-family home sector fueling activity in the commercial markets. In addition to economic and GDP gains, demographic shifs bode well for commercial real estate's resurgence. "As the millennial generation comes of home-buying age, they will have an infuence in many ways. Many of these young people want to be where the action is, so they are renting and buying in urban areas. Tis is already increasing demand for apartments and condos in many central business districts," Liniger says. "It's also changing the way many new developments are being designed, and where residential goes retail will quickly follow." An infux of inbound investment is another positive trend, Liniger notes. "Global investors see the U.S. as a stable, safe haven with the prospect for long-term appreciation." These factors combined are contributing to Re/Max's strong commitment to growing its brokerage business, he adds. "Te new challenge is adapting to the new economic environment and discovering the tools and resources that will make us successful," Liniger says. As he so keenly knows from his personal road to recovery, "Te past is behind us. An entirely new world of opportunity is on our doorstep." Dave Liniger will share insights on the commercial real estate market's recovery during his keynote address at the 2013 CCIM Live! conference in Denver Oct. 25–26. 48 48 July Augus 2013 July | August | 2013 u August 0 3 Commercial Investment Real Estate