Commercial Investment Real Estate

MAY-JUN 2012

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 Commercial Investment Real Estate, the member publication of the CCIM IN THIS ISSUE ¬ "Instant answers result in decisions." p.36 Tablets and smartphones are here to stay, even in commercial real estate, where a head-in-the-sand approach to technology has prevailed for too long. But many CCIMs are now using apps to move deals forward in this challenging new envi- ronment. Contributing Editor Dennis LaMantia found out what works for them in a roundup of industry apps on p.36. Brokers and appraisers hash out their diff erences with Associate Editor Rich Rosfelder refereeing on p.32. FEATURED WRITERS Mattson-Teig Business reporter Beth Mattson-Teig explores the challenges of today's retail environment on p.26. John Preiss, executive vice president of T e Preiss Co. in Raleigh, N.C., provides an update on the student- housing sector on p.22. How- ard W. Smith, executive vice president and chief executive offi cer of Walker & Dunlop in New York, writes about what borrowers need to look for in multifamily lenders on p.39. Preiss Smith Institute, reports on market trends and analysis, current developments in the fi eld, 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 Rich Rosfelder rrosfelder@ccim.com Contributing Editors Tamarah Feigl, Jay Kelley, Dennis LaMantia, Marna E. Mignone, JD, Anna Nellis, Juanita Schwartzkopf, and William B. Sing Design Consultant The CCIM Institute, an affi liate of the National Association of Realtors, confers the Certifi ed Commercial Investment Member designation to commercial real estate professionals who have extensive training and industry experience and complete a rigorous study program. Executive Offi cers President Leil Koch, CCIM Lahaina, Hawaii President-Elect Wayne D'Amico, CCIM Essex, Connecticut First Vice President Karl Landreneau, CCIM Baton Rouge, Louisiana Treasurer Craig Blorstad, CCIM Bloomington, Indiana 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 offi ces. 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. The opinions expressed in signed articles and materials appearing in Commercial Investment Real Estate, including specifi c references to products and services, are those of the authors and not necessarily those of Commercial Investment Real Estate, podcastOnly @ CCIM.com/podcasts Randy Scheidt, CCIM, MAI, FRICS, president of Don R. Scheidt Co. in Indianapolis, talks about challenges facing appraisers in today's market. 4 May | June | 2012 the CCIM Institute, or the National Association of Realtors. © 2012 by the CCIM Institute. All rights reserved. Editorial address: 430 N. Michigan Avenue, Chicago, IL 60611-4092; (312) 321-4460; magazine@ccim.com; CCIM.com/cire. Reader Services: All dues-paying members of the CCIM Institute receive Commercial Investment Real Estate magazine six times a year as a mem- ber benefi t. Subscribe, purchase back issues, or order customized article reprints: 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 Editorial Review Board Adrian A. Arriaga, CCIM Roger B. Broderick, CCIM Todd D. Clarke, CCIM David B. Eaton, CCIM Jeff Engelstad, CCIM Eric B. Garfi eld, 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

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