Volume 66 • Number 5 • 826th Issue • June 2011
FEATURES
4.
5.
24 ForumLocal: Southern California
Inland Rebound
The Inland Empire’s industrial market
is leading a slow but sure regional recovery
By Bob Howard
58 How to Retrofit for Profit
Owners are always looking to cut costs, but
recent economic unpleasantness has kicked
the quest into high gear
By John Jordan
3.
1. 2.
6. 7. 8.
9. 10.
36 Forum’s 10 to Know
Up-and-Coming US Markets
Opportunities abound in some secondary
and tertiary locations
60 Management Survey
To Save Money, Spend Money
Making better use of existing resources rather
than slashing essential services drives cost-conscious management decisions
46
46 Cover Story: E&Y
Building for the Future
The Ernst & Young 2011 REIT CFO Roundtable
pointed toward the “New Normal”
66 Building Services
Resource Guide
On the Cover: ( 1) John D. Rayis, Skadden, Arps,
Slate, Meagher & Flom LLP; (2) Howard Roth, Ernst & Young;
( 3) Mark Grinis, Ernst & Young; ( 4) Terry Considine, AIMCO;
( 5) Adam Markman, Green Street Advisors Inc.; ( 6) Jon Fosheim,
Oak Hill REIT Management LLC; ( 7) Joshua L. Waltzer, Bank of
America Merrill Lynch; ( 8) Alex Virtue, Eastdil Secured/ Wells
Fargo Securities; ( 9) Michael Straneva, Ernst & Young;
( 10) John P. Ockerbloom, Jefferies & Co. Inc.
Cover Art: Nick Koutoufas
52 Annual Office Review
A Rebound by Chapters
A recovery is under way, but there’s a different
story in virtually every market you consider
By John Jordan
IN EVERY ISSUE
10 NEWS FRONT: International
Retail Surges as an Asset Class Across Globe
11 NEWS FRONT: National
CMBS Focus Shifts to Secondary Markets
12 NEWS FRONT: Northeast
New York and Boston Lead Hotel Revival
14 NEWS FRONT: Mid-Atlantic
The Garden State Fills Its Big Boxes
6 Editor’s Page
Stay Cool
By Sule Aygoren Carranza
COLUMNS
10 What Happened to Latin America’s
Property Crisis?
By David Berger
11 Infrastructure Fails to Make Grade
By Paul Meyer
15 NEWS FRONT: Southeast
Retail Trades Heat Up in Smaller Markets
16 NEWS FRONT: Midwest
Chicago Continues Center-Stage Work on
Operational Efficiency
18 NEWS FRONT: Southwest
Dallas/Fort Worth Market Tempts
Office Investors
19 NEWS FRONT: West
Catch A Five-Cap Now While You Can
12 Boston Office: Still a Tenant’s Market
By Donald N. Noland Jr.
14 Sustainability: Get on Board,
Or Get Left Behind
By Lisa Sullivan
15 Foreign Investors Buoy South FL
By James W. Shindell
20 People on the Move
Executive promotions and new appointments
22 From the Forum Vault
REAL ESTATE FORUM presents some of the
industry’s highlights over the past 65 years
23 Leader Board
The industry’s Thought Leaders weigh in
64 RealShare Wrap Up
Student Housing, May 9-10, 2011
65 Advertisers Index
16 Second-Tier Markets:
Investors Are on Their Way
By David Morris
18 Little Rock’s Apartment Sector Sparkles
By John Clayton
19 Multifamily Moves Forward in West
By Michael K. Hayde
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