The Latest Economic Pulse Price Pressures Easing; Economy Continues to Falter

Encourage Your Colleagues to Join NAIOP Today! Advance Your Career by Participating in NAIOP's National Young Professionals Forum SelectLeaders/Cornell Assessment of the Real Estate Job Market Now Available Welcome New NAIOP Members

Educate Your Entire Office for Less than $1,000 - Enjoy a year-long pass to NAIOP's cutting-edge Webinar series! NAIOP Research Foundation Presents New Report on Commercial Real Estate’s Contribution to the U.S. Economy Don’t Miss the First Webinar of 2009 on the Future of Capital Markets Just Arrived - Resourceful Solar Energy Webinar CD

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The Latest Economic Pulse According to Cushman & Wakefield’s monthly report on the U.S. economy, every recession contains the seeds of the next expansion. While asking rents are expected to decline in 2009 and into 2010, there is reason for hope. Find out how long the recession will hang around and when markets are forecasted to rebound.

Price Pressures Easing; Economy Continues to Falter The Federal Reserve Board’s Beige Book summarizes economic activity in 12 U.S. districts. While leasing activity was down in almost all areas, vacancy rates were mixed. Despite reductions in construction materials costs, commercial building activity declined in many districts with tighter credit conditions as a factor. Learn more about the services, banking and finance sectors, prices and labor markets in this comprehensive report.

Encourage Your Colleagues to Join NAIOP Today! As you know, joining NAIOP is the best investment you'll make for your business and your career. With 2009 promising to be a challenging year, you and your peers need NAIOP more than ever. The outstanding benefits of membership include... Local chapter and national networking, education and business development Unparalleled legislative representation at the local, state, and federal levels Special programming and unlimited education for professionals of every level - from Developing Leaders to CEOs, and everyone in between Online membership directory of industry leaders from across the nation, plus Canada and Mexico By joining NAIOP, your peers will gain invaluable access to the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate. Encourage your co-workers to join NAIOP today and they'll be among commercial real estate industry leaders in a forum for industry and professional education, government affairs representation, networking and business development. The available resources are endless!

Advance Your Career by Participating in NAIOP's National Young Professionals Forum A special Forum opportunity is available for Developing Leaders – the Young Professionals National Forums. Developing Leaders are NAIOP members who are 35 years old and less. Participating in a Young Professionals Forum is a tremendous way to network with peers and take your career to the next level. The 10 years experience requirement required for General and Limited Forums is waived for the Young Professionals Forums. Participation in a NAIOP National Forum provides one of the premier opportunities for NAIOP members to develop long lasting relationships with colleagues from across North America who share interests and expertise in specific industry focus areas such as sustainable development, urban redevelopment, family owned business, and much more. NAIOP National Forum members enjoy: Exclusive networking opportunities Peer-to-peer learning and problem solving in closed-door sessions A strong sense of camaraderie and confidentiality in their group Visit NAIOP’s National Forums Web site for additional information about the National Forums and how to apply. Forum members are required to attend two National Forum sessions a year. The deadline to apply for a Forum is January 23, 2009 – don’t miss out on this special opportunity! If you are interested in becoming a member, or have any questions about the program, please contact Susan Bornt at (703) 904-7100.

SelectLeaders/Cornell Assessment of the Real Estate Job Market Now Available The results from the 2008 SelectLeaders/Cornell Job Barometer indicates commercial real estate is not reflecting the depths of the economic malaise, and suggests that the worst is yet to come. The study encompassed three data sources: 5,102 online job postings for professional commercial real estate positions on the industry’s eight primary job boards; 217 Senior Management Surveys; and 72,632 resume submittals to job postings on the SelectLeaders Job Network of 12 real estate Web sites, which includes NAIOP. Anthony J. LoPinto, CEO of Equinox Partners, observed, "Market forces are at work that will create, on one hand, the most serious financial crisis and cutback in employment that we have experienced in decades, and new needs and opportunities, on the other hand. Large pools and billions of dollars of commercial real estate loans will be maturing over the next 12 -36 months. There will be a growing demand for seasoned and proven talent that knows how to play the restructure game." Visit the NAIOP Career Center for the complete article.

Welcome New NAIOP Members Join us in welcoming our newest members to commercial real estate's most active organization. More than 18,000 members strong now, learn who fellow NAIOP members are by visiting our online member directory.

Educate Your Entire Office for Less than $1,000 - Enjoy a year-long pass to NAIOP's cutting-edge Webinar series! Even though travel and training budgets are tight, your employees still need top industry education to stay ahead of the curve in today's unstable markets. A winning and affordable solution is to educate your entire office all year long with NAIOP Webinars (14 sessions!) on commercial real estate's hottest topics for $999 - save $750 off individual registrations! Simply register for the year-long pass, and designate one person in your office to receive the login information for the sessions. Bring your employees together for a brown-bag lunch or staff meeting, and connect to the Webinar for an interactive, instructive 90-minute session. No travel required!

NAIOP Research Foundation Presents New Report on Commercial Real Estate’s Contribution to the U.S. Economy A new report presented by the NAIOP Research Foundation, The Contribution of Office, Industrial and Retail Development and Construction to the U.S. Economy, states that the value of commercial buildings is much more than the sum of their construction outlays or their assessed valuation. Research was submitted of Dr. Stephen Fuller, George Mason University, which details the important economic benefits – including the “ripple effect” – that are derived from commercial real estate activities. This research project calculates the contribution of office, industrial and retail commercial buildings to the national and respective state economies, and provides a document that commercial real estate, from association leaders to all NAIOP membership, can use to explain the economic and fiscal importance of commercial buildings to local, state and national audiences. Download the full report today and make sure to check out the individual state reports as well.

Don’t Miss the First Webinar of 2009 on the Future of Capital Markets Webinar - The Capital Markets: Where Will the Road Take Us in 2009? Thursday, January 22, 2009 1 p.m. (EST); noon (CST); 10 a.m. (PST) Presenter: Simon Ziff, president, Ackman-Ziff The conditions for new debt origination have been altered dramatically during the past year and a number of questions still persist. Will we see the return of an active CMBS market? Which players will have the greatest influence on the market over the next year and beyond? What new products will emerge to capitalize on the CMBS void? How will the increasing volume of loan "maturity risk" be addressed? This Webinar will present the most up to date insights on capital markets dynamics by of panel of experts on the cutting edge of this rapidly changing landscape. Register today for this resourceful Webinar! Cost per site: $125 members and $189 non-members. Online registration will close on Wednesday, January 21, at 4:30 p.m. (ET).

Just Arrived - Resourceful Solar Energy Webinar CD The Webinar, Hope and Headache: Solar Energy, is now available on CD. The CD contains the audio and PowerPoint presentation from the November 13 Webinar. This Webinar provided background information on solar technologies and the applicability of solar installations on commercial buildings. It also explored the benefits and limitations of rooftop leases and Power Purchase Agreements, solar feasibility in U.S. markets and the outlook for the growth of the solar industry. If you are looking for other resources to go along with the Hope and Headache: Solar Energy Webinar, NAIOP recommends the following publications: The Time is Right for Going Solar Webinar CD New! "Solar Applications Highly Practical for Commercial Buildings”, an article from the Spring 2008 issue of Development magazine. To order this Webinar CD or see NAIOP's complete publication offering on green development, visit the Bookstore. Questions? Contact the NAIOP Publications Department at (800) 445-0443.