Commercial Property News - October 2008 - (Page 4)

STARTING LINE Weathering the Storm t’s tough to write about the financial markets right now, when every day brings something new and unprecedented. At press time, the federal government had just announced proposals to staunch the blood flowing from Wall Street, following a stream of negative news relating to Lehman Brothers Inc., Merrill Lynch & Co., AIG and others. Only the week before, following the news that government-sponsored enterprises Fannie Mae and Freddie Mac would be placed under conservatorship, former Secretary of Housing and Urban Development Henry Cisneros, who himself saved that department from elimination in the ’90s, admitted during his keynote speech at the Cityscape USA conference in New York City that he “never expected such a day to come.” Suzann D. Silverman Fortunately, we as a country have more experience to draw on than we did Editor-in-Chief at the time of the Great Depression,the era now being used as a basis for comparison.And while the fact that we may well need another Resolution Trust Corp. of some nature may concern the general public, medicine, while rarely appreciated, may be necessary in order to get well, Cisneros noted during the post-keynote interview I conducted with him for CPN Radio. At this point, medicine doesn’t seem so bad, especially coming from the perspective of the commercial real estate sector, which experienced firsthand how successful an RTC can be at working out problems, not to mention the opportunities some investors derived from it.What is more concerning is the unknown number of casualties still to come as a result of the past several years of risk-taking and unfettered lending practices—casualties of enormous size and stature that are causing ripples around the world during this global age. Where does this leave the commercial real estate sector? I wouldn’t presume to predict, although I would go so far as to remind active players, whatever their appetite for risk, to pursue transactions with open eyes and a realistic outlook,taking advantage of the significant amount of transparency and data that is now available to the sector. In such a market, too, those that survive and even thrive will be considered heroes, for while it can be tough to stand out above the crowd in an active market, those that can persevere in difficult markets—whether that means pursuing deals or revising their strategies—that really prove their worth. This year’s “Stars to Watch”appear to possess the traits necessary to succeed in such markets,although they, too, will likely be tested by what may still be to come.This year, we have narrowed our selection to just 10 up-and-comers who have promise in a variety of real estate business areas (apart from brokerage, as we feature those achievers each March).You’ll find snapshots of their achievements and mantras on page 18, with more detail available at www.cpnonline.com (search for key words “Stars to Watch” in quotation marks). We at CPN also continue to add to our online offerings to help you conduct business better. Among the latest introductions are a new sectorwide e-newsletter,CPN Sector Update,which analyzes current trends in the office, retail, industrial, multi-family and hospitality sectors every two weeks. Subscribe at www.cpnonline.com/newsletter. We have also added to our post-conference coverage online through the CPN Radio Conference Series, which offers Q&As with key speakers at each of our events.The series launches with interviews from our Net Lease Summit on Sept. 22. Look for more such coverage in November, when we host CPN’s New York Investment and Washington, D.C., Property Opportunities conferences, along with a luncheon honoring the soon-to-be-announced Executives of the Year. I Vice President-Building and Design Media Group: Patrick L. Brennan, patrick.brennan@nielsen.com Publisher: Victoria Osorio, victoria.osorio@nielsen.com Editor-in-Chief: Suzann D. Silverman, suzann.silverman@nielsen.com EDITORIAL News Editor: Tom Dworetzky, thomas.dworetzky@nielsen.com Senior Editor: Eugene Gilligan, eugene.gilligan@nielsen.com Senior Associate Editor: Paul Rosta, paul.rosta@nielsen.com News Writer: Adam Perrotta, adam.perrotta@nielsen.com Editorial Assistant: Elena Gontar, elena.gontar@nielsen.com Contributing Editor: Brad Berton, Jennifer LeClaire, Carrie Rossenfeld ART/PRODUCTION Group Art Director: Bruce Monroe, bruce.monroe@nielsen.com Managing Editor: Amanda Metcalf, amanda.metcalf@nielsen.com Research/Production Editor: Coreen Bailor, coreen.bailor@nielsen.com Group Production Director: Berryl Schiffer, berryl.schiffer@nielsen.com Production Manager: Barbara W. Lau, 646-654-7308, barbara.lau@nielsen.com ADVERTISING SALES Regional Sales Manager: Dan Burke, 732-229-2771, burkemediagroup@msn.com West Coast Representative: John Pellettieri, 818-368-5620, jbp7@earthlink.net National Conference & Classified Representatives: Ken Guglielmo, kguglielmo@insourceful-inc.com, 201-280-0842 Diane Homer, dhomer@insourceful-inc.com, 201-943-4132 PRINT PUBLICATIONS/SUBSCRIPTIONS Commercial Property News, Goldbook Multi-Family Greenbook To subscribe, change your address, inquire about your subscription status or order a single-copy, call 847-763-9050, fax 847-763-9037 or e-mail cpn@halldata.com. U.S. subscriptions: $140 per year; all Canadian and Mexican subscriptions: $176 per year; foreign subscriptions: $325 per year; Single copies, $10; periodicals postage paid at New York, NY, and additional mailing offices Associate Audience Marketing Director: Shelly Patton, 646-654-7258, shelly.patton@nielsen.com List Rental Project Manager: Nikki Miller, 646-654-7261, nikki.miller@nielsen.com CUSTOM REPRINTS Mike Shober, 800-290-5460 x129, cpn@theygsgroup.com ONLINE PUBLICATIONS/SUBSCRIPTIONS CPN Daily News REport Morning Edition, CPN Daily News REport Afternoon Edition, CPN Sector Update, CPN Special: Technology, CPNetlease Newsletter www.commercialpropertynews.com To subscribe to one of the above newsletters, visit www.cpnonline.com/newsletters. To inquire about your newsletter subscription status, call 866-851-6513 from within the United States or 818-487-4596 from outside the United States or e-mail info-cpnonline@pubservice.com. CONFERENCE INFORMATION www.cpnonline.com/conferences Events Director: Cynthia Claravall, 646-654-4583 cynthia.claravall@nielsen.com Registration, Partnership Opportunities and Sponsorship Sales: Brittany Davies, 646-654-5883, brittany.davies@nielsen.com FOR OTHER INFORMATION For general information, contact CPN at 646-654-5380 770 Broadway, New York, NY 10003-9595 Edit Fax: 646-654-4598 Ad Fax: 646-654-4596 P.S. If you have thoughts on these or any other issues, please e-mail me at suzann.silverman@nielsen.com. CPN Conferences New York Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Nov. 14 CPN’s Executives of the Year Awards Luncheon . . . . . . .Nov. 14 Washington, D.C., Property Opportunities . . . . . . . . . . . .Nov. 17 4 For partnership opportunities and to purchase sponsorships, call 877-9ASK-CPN To keep an eye on CPN’s conference and networking events, visit www.cpnonline.com/conferences BPA International Membership COMMERCIAL PROPERTY NEWS • October 2008 • www.cpnonline.com http://www.cpnonline.com http://www.cpnonline.com/newsletter http://www.commercialpropertynews.com http://www.cpnonline.com/newsletters http://www.cpnonline.com/conferences http://www.cpnonline.com/conferences http://www.cpnonline.com

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CPN - October 2008 Contents Starting Line Industrial Data/Analysis Conferences Chicago Market Profile Finance International Title Insurance Brokerage Corporate Report

Commercial Property News - October 2008

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