Commercial Investment Real Estate

JUL-AUG 2017

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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Page 27 of 54

CCIM.COM July | August 2017 23 in Port Aransas, Texas. "Bob Ward, Jay Levine, and Stephen Messner led members in the right direction at the right time to increase their success." Other designees were drawn to the Institute's technology more recently. "I got involved with the Institute in 2004 when I saw STDB in a CCIM core course; I had to have access to that technology," says David Schnitzer, CCIM, senior vice president at Venture Commercial in Dallas. "Now although I work for a big fi rm, I still go to STDB. It's quick and doesn't have layers. With STDB, I can create an amazing presentation." The access to data on STDB is a game changer for the business success of CCIM members, accord- ing to Schnitzer. While technology constantly changes and evolves, STDB continues to be on the cutting edge. Prowess in Technology During the formative years, CCIM instructors led the way toward the adoption of technology — HP fi nancial calculators, mainframe DOS-based computers, and the early use of email to connect CCIMs nationwide. The technology helped des- ignees evaluate what different commercial prop- erties would do for investors, according to Chuck Freedenberg, CCIM, a longtime CCIM instructor and a former attorney in tax and law. Many CCIMs catapulted the technical knowl- edge they gained in CCIM courses into lucrative careers. Freedenberg recalls Gary Hawkins, CCIM, took the CCIM core course, CI 102, focused on real estate economics and marketing and applied those principles to his business, Hawkins & Cannariato, in Boise, Idaho. Hawkins has become extremely successful. "Of all the designees I know, Gary did the most with demographic data and computers to analyze properties," Freedenberg says. Another technology pioneer, Jay R. Lucas, CCIM, helped set up email for designees in 1993 through CompuServe. "The ability to use email opened up communications among designees, which resulted in conducting transactions with each other," says Lucas, senior director with Cushman & Wakefi eld in Austin, Texas. "I remember complet- ing a deal with a designee in Waco, Texas, which I never could have done without CompuServe." Steven Weinstock, CCIM, also remembers bene- fi tting from email communications during the 1990s. "I was a broker based in Michigan, with a client in the Detroit metro area selling a property in Ann Arbor, Mich.," says Weinstock, fi rst vice president and regional manager at Mar- cus & Millichap in Oakbrook Terrace, Ill. "Another CCIM, Robin Webb in Florida, had a client in Singapore who pur- chased the property. Twenty years ago, that was an amaz- ing deal." Hopping on commercial listing services as an early adopter in the 1990s was another technology milestone. "We brought COMMREX listing services nationwide, which had previously only been used in Florida," Weinstock says. "COMMREX allowed designees to share their prop- erty listings nationwide and made business faster, while also promoting collaboration." Industry Disrupter While technology has evolved dramatically during the past 50 years, creating partnerships with technology companies remains paramount. The industry partners have changed from the likes of Hewlett Packard and CompuServe in the early years to Esri, BAO, and Xceligent today. Serving on a task force in 1999 to develop sev- eral technology tools into one online demographic platform, Weinstock felt privileged to work with Webb, who is now serving as the 2017 CCIM Insti- tute president; Lucas; and Allen Feltman, CCIM. "We worked with several technology companies to put together tools in an integrated manner to create STDB, which made business easier and faster for our members," he says. CCIM Institute's continued and evolving part- nerships with these companies have made the ongo- ing development of STDB possible. "We are truly a commercial real estate disrupter," Schnitzer says. In the early years, CCIM instruc- tors led the way to improved productivity through technology adoption. Today, the Institute's leaders and instructors collaborate with technology com- panies to keep its designees and members ahead of their competitors no matter the size of their fi rm or market area. Sara S. Patterson is executive editor of Commercial Investment Real Estate. "The Institute has always been blessed with instructors and leaders who had the foresight to incorporate the best of technology into the courses. Bob Ward, Jay Levine, and Stephen Messner led members in the right direction at the right time to increase their success." — Phil McBride, CCIM, former CCIM instructor and owner of McBride & Co. in Port Aransas, Texas

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