SIOR Weekly
CRE News
Crain's New York Business A boutique office building is drawing the attention of investors as Columbia Property Trust is paying more than $70 million to purchase a 50 percent stake in a Greenwich Village property. New boutique office properties have been met with solid demand from office tenants willing to pay premium rental rates.
Commercial Property Executive Data analytics is the new tech trend that is becoming critical to CRE industry professionals. Having access to data yields smarter operating and investment decision-making. CRE is vulnerable to digital disruption and learning how to harness data to boost profits is essential.
The Wall Street Journal The government is concerned that vacated retail centers will bring down surrounding property values. In an effort to solve this, local governments across the U.S. are taking over dying shopping malls.
Globe St. Mid-sized buildings are in the highest demand and while there is a large stock of mid-sized existing properties, industrial development is turning out to be more expensive than new construction. "The best candidates for redevelopment are Class B buildings with low coverage and excess land; class-C buildings, which are almost all functionally, obsolete and free of environmental issues; and contractors, piping and lumber yards," says Eric Chou, VP at JLL.
VCD CONSTRUCCION Y DESARROLLO, SAPI DE C.V.
SIOR Happenings

The top industrial and office experts are closer than you think. SIOR coverage spans 685 cities in 36 countries, so finding a trusted broker in your area is within reach. View the interactive global coverage map here.

 

 

Join us at the 2018 SIOR Fall World Conference, October 11-13, at the Sheraton Downtown Denver in Denver, Colorado! This will be the not-to-be-missed real estate event of the fall. Register by September 6 to save $200 on your conference registration fee. Click here for conference details.

 

 

SIORs are the most capable and experienced industrial and office brokerage professionals in any market - delivering best in class service to clients while working to advance the industry. Watch this video to learn more.

 

 

Looking to jump-start your commercial real estate career? SIOR has the opportunities and early-career resources you need to succeed in industrial and office real estate. Learn more.

 

 

Charleston-area memos and distinctions 
The Post and Courier – Sept. 8, 2018
Reported Mark Erickson, a vice president with the Charleston office of Cushman & Wakefield Thalhimer, received the SIOR designation.

Real estate
Columbia Star – Sept. 7, 2018
SIOR members Jeff Hein and Roger Winn represented a landlord in a 5,104 square-foot office space to Surveying and Mapping, LLC.

Colliers International – Las Vegas’ industrial team leases Panattoni’s ±482,300 square foot distribution facility at south15 airport center
Nevada Business Journal – Sept. 7, 2018
SIOR members Susan Borst and Paul Sweetland were involved in a 482,300 square-foot lease transaction.

Latest deals from Cushman & Wakefield, Marcus & Millichap, ORION
AZ Big Media – Sept. 6, 2018
SIOR members Rob Glaser and Russell W. Hall were involved in multiple leases and sales in Arizona.

Amber Ox announces precarious Beer Hall project in Colonial Williamsburg’s Merchants Square
CityBizList - Sept. 6, 2018
SIOR member Dawn Griggs represented the landlord for a 9,700 square-foot lease.

NKF arranges 353,322 SF lease extension for Assemblers, Inc. in McCook
RE Journals - Sept. 5, 2018
SIOR member Geoffrey Kasselman helped arrange a 353,322-squre-foot lease extension on behalf of Assemblers, Inc.

Vidal/Wettenstein brokers sale of 4,000 SF office building in Westport
RE Business Online - Sept. 5, 2018
SIOR member David Fugitt was the sole broker in a $1.1 million office building sale.

Hall of Fame profile: Newmark Grubb Zimmer's Mark Long
RE Journals - Sept. 4, 2018
Reported SIOR member Mark Long joined the Midwest Real Estate News Hall of Fame and noted Long served on the SIOR international board of directors and as president for his local chapter.

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Upcoming Events

SIOR Minnesota Chapter - OPUS Program
When: Sept. 18 from 1 p.m. to 3 p.m. (CT)
Where: TBD

Connecticut & Western Massachusetts Chapter SIOR Fall Member Meeting
When: Sept. 20 from 4 p.m. to 8:30 p.m. (ET)
Where: New Haven Country Club, 160 Hartford Turnpike, Hamden, CT 06517

The Western Missouri/Kansas Chapter of SIOR 29th Annual Development Day
When: Sept. 20 from 4:30 to 7:30 p.m. (CT)
Where: Grand Plaza at Union Station, 30 W. Pershing Road, Kansas City, MO 64108

Networking on Pier 1
When: Sept. 20 from 5:00 p.m. to 9:00 p.m. (PT)
Where: Prologis Office, Pier 1, Bay 1, San Francisco, CA 94111

Annual Fall Meeting (formerly Summer Meeting)
When: Sept. 20 from 6:00 p.m. (CT) to Sept. 21 at 9:00 p.m. (CT)
Where: The Grand Hotel Marriott, 1 Grand Blvd, Point Clear, AL 36564

Bright Ideas

Forbes The founder and CEO of Kaufman Development, a commercial real estate firm, shares information about his company, overcoming fears, and staying focused.
Inc. A book about football that will help you excel in business and life. Michael Lombardi authored a book that discusses culture, pushing your boundaries, hard work, leadership, and continued self-improvement. Many CRE professionals are business strategists and leaders, this book will give you unique insights into how you conduct business.
Forbes Small capitalization REITs are described as "raw energy." As they are without doubt with some challenges such as volatility and lack of history, finding a place for small-cap REITs in your investment portfolio may turn out to be beneficial.