Commercial Property News - November 2008 - (Page 4)

STARTING LINE Investing in the Future t has been a tough haul, and it doesn’t look like it will get easier anytime soon. The stock market has been gyrating for weeks now, as investors wait for the next shoe to drop in a market that seems to have more shoes than feet to wear them.The passing of Election Day will likely help, ushering in clearer direction through the determination of the next President of the United States, not to mention whether Congress becomes even more Democratic than it already is. After that,of course,will likely come a lame duck period of inaction until Inauguration Day, but that time will give the recovery plan a chance to take hold, and that in turn may help the new president determine next steps. Most commercial real estate investors have pulled in their oars and are just Suzann D. Silverman floating right now; some have even thrown in an anchor. But while investment in Editor-in-Chief the United States was down 77 percent for the year through August, some investors are still able to buy and are interested in taking advantage of the quiet market, seeking mostly low-risk, high-quality alternatives. Those investors run quite a range, from institutions to foreign investors to public players to private entrepreneurs. For those investors and others that may be forming strategies in preparation for the right moment to move forward again, our cover story offers insight into some more stable sectors, not all of which may be top of mind (see page 18). In addition, CPN’s annual Top Cities feature provides details on some specific markets that are attractive to investors,as well as those that corporations are eyeing (see page 20). Some interesting facts there:Although Wall Street’s woes have raised concerns about a variety of property types in New York City, retail investors may not want to dismiss the market too quickly, as retailers remain interested in it.And while property values have fallen across the country, core assets in major markets have held up better than most, offering some incentive for buying. Retailers must also think differently about their store locations, as the bursting of the housing bubble means that some simple demographics may not tell the market’s entire story. Instead, new combinations of data promise to be better predictors of a market’s possibilities, as we discuss in the latest CPN-Nielsen Claritas special report (see page 30). Of course, all activity remains mitigated by the continued lack of available capital, and investors and lenders alike are looking for signals of when the capital markets will return and what form they will take.While we offer some predictions in “The Running of the Bulls” on page 22, more will be discussed at the upcoming New York Investment and Washington, D.C., Property Opportunities conferences.The New York event, on Nov. 14, will feature a keynote by Real Capital Analytics Inc. founder & president Robert White Jr., as well as a presentation on New York City tri-state area retail by Terry Munoz, vice president & practice leader of the retail, retail estate and restaurant industries for Nielsen Claritas.The D.C. event, on Nov. 17, will be keynoted by a discussion between economists Stephen Fuller, Dwight Schar faculty chair & university professor director of the Center for Regional Analysis at George Mason University’s School of Public Policy,and Lawrence Yun,chief economist & senior vice president for the National Association of Realtors. And for some solid insights into the economy and the presidency following the election, be sure to attend CPN’s Executive Awards Luncheon on Nov. 14 in New York, where pollster John Zogby will keynote and act as master of ceremonies.Visit www.cpnonline.com and click on the CPN Radio icon for a Q&A with Zogby, found under “Extra.” For a list of the award winners, see page 33.To register for any of the events, see the “CPN Conferences” box below. We look forward to seeing you there. I Senior Vice President-Marketing, Media & Visual Arts: Sabrina Crow Group Publisher & Show Director: Daniel J. Corcoran, daniel.corcoran@nielsen.com Publisher: Victoria Osorio, victoria.osorio@nielsen.com Editor-in-Chief: Suzann D. Silverman, suzann.silverman@nielsen.com EDITORIAL 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 Editors: Brad Berton, Jennifer Duell 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, 877-9ASK-CPN Events Director: Cynthia Claravall, 646-654-4583 cynthia.claravall@nielsen.com Registration, Partnership Opportunities and Sponsorship Sales: Lisa Kastner, 646-654-7268, lisa.kastner@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 Executive Awards Luncheon . . . . . . . . . . . . . . . . .Nov. 14 Washington, D.C., Property Opportunities . . . . . . . . . . . .Nov. 18 4 To register, pursue partnership opportunities or 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 • November 2008 • www.cpnonline.com http://www.cpnonline.com http://www.commercialpropertynews.com http://www.cpnonline.com/newsletters http://www.cpnonline.com/conferences http://www.cpnonline.com/conferences http://www.cpnonline.com

Table of Contents for the Digital Edition of Commercial Property News - November 2008

CPN - November 2008
Contents
Starting Line
Buzzyworthy
Seniors Housing
Data/Analysis
Conferences
Through the Fog
CPN’s Top Cities for Investment & Corporate Relocation
Finance
International
Sustainability
CPN-Nielsen Claritas Special Report

Commercial Property News - November 2008