Development Magazine Winter 2014

Perspectives

Sound Bites from NAIOP’s Development ‘14: The Meeting for Commercial Real Estate

Sound Bites from NAIOP’s Development ‘14: The Meeting for Commercial Real Estate in Denver 

“A shopping center is nothing more than a point in space that delivers goods and services at the right location to a consumer. It’s a distribution facility.” Jerry White, senior retail advisor, Colliers International

“Some rules of retail have radically changed in the last five years. … Turnover within a retail property is not viewed as negatively as it used to be.” John Crossman, president, Crossman & Company

“Every month, every quarter, of this year and last year and every year before that, we have set a new record for intermodal traffic. If you know which Class I railroads are connecting to which intermodal facilities and moving where, [you’ll know] where industrial demand is.” K.C. Conway, senior vice president, credit risk management, Sun Trust Bank

“The real estate decisions we’re making today ... will pave the way for the success of the millennials. They need to be part of the conversation. What they expect, what they care about, what they value should be part of the conversation.” Angela Castleton, principal and national workplace leader, DLR Group

“It’s a good time to be in the sales part of the equation ... but it’s not really as much fun to be a buyer.” Mike Curless, CIO, Prologis

“Given the sheer amount of equity capital, investors are struggling to find deals that meet targeted risk-return thresholds. … This abundance of debt and equity capital, historically low interest rates and steady economic growth have created a fertile real estate market.” Jamie Fox, CRE banking southwest marketing executive, Bank of America Merrill Lynch

“You should fear obsolescence of the properties you own. Change is occurring quickly, and real estate is clunky; it is not quickly changed and it is expensive to change.” Mark Stapp, executive director, Master of Real Estate Development program, W.P. Carey School of Business, Arizona State University  

From the Archives: Perspectives Articles from the Previous Issue

head shot of Michael Alter

CEO on Leadership: Michael J. Alter, President, The Alter Group 

Michael J. Alter is president of The Alter Group, a national developer of office, medical office and mixed-use campuses throughout the U.S. He is responsible for all of the Chicago-based company’s planning and operations. The firm started out brokering raw land, grew to building industrial and flex space near the growing interstate highway system and then began to develop Class A, sustainable build-to-suit offices for Fortune 500 corporations and small to medium-sized businesses.

panel of four young people

Moving on Up: Developing Leaders Speak Out in Seattle 

Before a crowded room of more than 60 NAIOP Developing Leader Forum members and NAIOP Washington State DLs, four dynamic DLs from across the nation participated in an interactive panel discussion as part of an exclusive workshop, “Your Leadership Style Defined,” at the association’s 2014 National Forums Symposium in Seattle earlier this year. All four spoke candidly about their own career advancement and leadership experiences.