Development Magazine Winter 2013


Sound Bites from NAIOP’s Development ‘13: The Annual Meeting for Commercial Real Estate in San Diego

Some highlights from NAIOP's Development ‘13: The Annual Meeting for Commercial Real Estate in San Diego, Calif.

“We’re trying to get our arms around how tenants are using space. What was efficient five years ago may not be now. It’s evolving so quickly.” John Menne, managing director, MetLife Real Estate Investors

“There’s $3 trillion in debt hanging out there. Who’s going to fill the void? Who’s going to step up in 2015 and 2016?” Daniel MacDonnell, managing director, Cushman & Wakefield

On why foreign investors — particularly those from Asia — are keen on U.S. commercial real estate: “They look at the U.S. market like a bond market.” Daniel MacDonnell, managing director, Cushman & Wakefield

“Retail has been resilient in terms of fundamentals. Very positive absorption bodes well for NOI growth. We’re beginning to see local tenants starting to expand.” Stuart Tanz, CEO, Retail Opportunity Investments Corp. (ROIC)

“What’s filling [retail] vacancies? What you can’t get on the Internet.” Nancy Johnston, managing partner, Epsteen & Associates

On responding to the growing trend of employees who bring their dogs to work: “Dogs are coming to an [office] building near you. Think about the landscaping early, because if you think about it late, you won’t have any landscaping left.” A-P Hurd, vice president, Touchstone

From the Archives: Perspectives Articles from the Previous Issue

head shot of Mark Fornes

CEO on Leadership: Mark Fornes, President, Mark Fornes Realty, Inc. 

Mark Fornes is president of Dayton-based Mark Fornes Realty, Inc., an entrepreneurial developer of office, flex, and warehouse buildings in the southwest Ohio market. Since the firm was founded in 1987, its principals have developed more than 2.5 million square feet of industrial and office space and managed more than 1 million square feet of commercial property.

headshot of Megan Creecy-Herman

Developing Leader Views Education, Volunteerism as Keys to Expanding Diversity in Commercial Real Estate 

Megan Creecy-Herman, the youngest person ever elected to serve on the Board of Directors of NAIOP’s Arizona chapter, will celebrate another distinction this January, when she becomes the first woman to serve as chairperson of the Arizona Chapter. When she’s not busy growing business opportunities for Liberty, she’s helping other young professionals grow their careers through NAIOP Arizona’s Developing Leaders program.