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The CRE 2014 Top Ten Issues Affecting Real Estate
Energy, jobs and the effect of the Millennial generation lead the list of The Counselors of Real Estate’s 2014 Top Ten Issues Affecting Real Estate. CRE Chair Hugh F. Kelly, CRE, Ph.D., presented the list as the opening speaker at The National Association of Real Estate Editors annual conference in Houston. Click here for more about the issues.
Arthur P. Pasquarella, CRE, executive vice president, COO, Equus Capital Partners, Ltd., Philadelphia, recently was elected to serve as the 2013–2015 Development Committee Chair of the National Kidney Foundation. In this new role, Pasquarella will identify ways to increase revenue for the charity nationwide. - Arthur Pasquarella, CRE
Steven R. Norris, CRE, MAI, principal, Norris Realty Advisors, Pasadena, Calif., has begun teaching a real estate class as part of the University of California Extension program at the downtown Los Angeles campus. The class, entitled “Real Estate Market Analysis,” involves practical and challenging case study examples from Norris’ 30-plus years in commercial real estate valuation and consulting. The class also will feature sessions with guest speakers/market experts, including a major public pension fund manager and a real estate manager with one of California’s major public utilities. - Steven Norris, CRE
McCoy Inducted into Stanford Hall of Fame
At two events in late 2013, Bowen H. ‘Buzz’ McCoy, CRE, president, Buzz McCoy Associates, Inc., Los Angeles, was inducted into the Stanford Real Estate Hall of Fame, an honor bestowed by the SPIRE (Stanford Professionals in Real Estate) alumni group, which recognizes “pioneers” in the real estate industry whose impact and legacy have brought acclaim to them and the university. Criteria for the award include: sustained positive impact upon the broadly defined world of real estate; universal recognition as an icon of the industry; demonstrable contributions to the Stanford community as a whole; consistently bestowing distinction upon themselves, their companies and Stanford University by maintaining a standard of excellence and achievement; among others. In his career, McCoy was a general partner of Morgan Stanley where he developed and ran the commercial real estate finance units for many years. In 2000, National Real Estate Investor named him a “20th Century Icon” in commercial real estate for his work integrating commercial real estate finance into the capital market system. As a Stanford graduate, McCoy served in many roles there, including as Executive-in-Residence and as president of the Stanford Alumni Association. In 1989, the university honored him with its Golden Spike award. He earned a bachelor of arts degree in economics at Stanford and a master’s degree in business administration from Harvard. McCoy was honored at Stanford in October, and again in Los Angeles in November.
New York City-based CREs Robert M. White, Jr., founder and president, Real Capital Analytics, and Raymond T. Cirz, chairman, Integra Realty Resources, were quoted in an August GlobeSt.Com article on “positive [commercial real estate] surprises in 2013,” based on a report issued by the two companies. According to the article, commercial real estate in the u.S. fared well in the first half of 2013. white said a “sea change” has occurred in that investors are now embracing risk. Cirz predicted Treasury rates would be likely to increase, and that office absorption will remain “tepid.”
Gregory P. Gheen, CRE, president, Realty Trust Group, Knoxville, Tennessee, recently was interviewed by The Advisory Board Company for an article entitled “Current Trends in Physician Real Estate Ownership.” In the article, Gheen addressed the many factors impacting medical practitioner’s decisions and the benefits and challenges faced by physicians who own real estate, which include reassessing real estate strategies; why physicians choose to invest in real estate; and how the decision to sell real estate may impact the physician practice. - Greg Gheen, CRE

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Upcoming Meetings

2014 International Conference
September 11-13, 2014
Istanbul, Turkey

2014 Annual Convention
October 26-29, 2014
Fairmont Copley Plaza
Boston, MA

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