ORION’s Nick Miner, CCIM Appointed to CCIM Institute’s 2015 Executive Committee

CHICAGO, IL October 30, 2014 – The CCIM Institute (www.ccim.com), one of the largest commercial real estate networks in the world, announced its 2015 leadership teams during the organization’s annual conference in Los Angeles in Oct. 17-21. The CCIM Institute confers the Certified Commercial Investment Member (CCIM) designation, commercial real estate’s global standard for professional achievement.

Nick Miner, CCIM, Vice President of ORION Investment Real Estate was appointed to serve as a member of the CCIM Institute’s Executive Committee, which is as a governing body for the organization that works in conjunction with CCIM’s Board of Directors, national committees, and staff. The organization’s leadership teams convene at the CCIM Institute’s spring and fall business meetings.

Nick has been in commercial real estate since 1998.  He has completed over $142 million dollars in sales and leasing activity.  His primary focus is to assist investors in the acquisition and disposition of investment properties.  Nick obtained his CCIM designation in 2003 and has been active locally and nationally ever since.

The CCIM Institute’s 2015 executive leadership team includes President Mark Macek, CCIM, president and owner of Macek Companies, Inc., in Great Falls, Mont.; President Elect Steven Moreira, CCIM, president of Magic Properties and Investments, Inc., in Longwood, Fla.; First Vice President Robin Webb, CCIM, managing director/principal of NAI Realvest in Orlando, Fla.; and Treasurer Charles C. (Chuck) Connely IV, CCIM, managing director of EPR Financial Services in Kansas City, Mo.

About The ORION Investment Real Estate
ORION Investment Real Estate (“ORION”) is a leading commercial real estate investment brokerage firm in the Western United States.  With a multi-billion dollar track record, ORION focuses on the sale of income producing real estate.  ORION’s principals have closed hundreds of retail, office, industrial, and multifamily transactions throughout the United States.  ORION is headquartered in Scottsdale, Arizona.  For more information on ORION, please visit our Web site at www.ORIONprop.com.

About the CCIM Institute
Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member (CCIM) designation to commercial real estate and allied professionals through an extensive curriculum of 160 classroom hours and professional experiential requirements. The core curriculum addresses financial analysis, market analysis, user decision analysis, investment analysis, and negotiation—the cornerstones of commercial investment real estate.

An affiliate of the National Association of Realtors®, the CCIM Institute also provides members with powerful technology tools including the Site To Do Business, an online site analysis and demographics resource.

 

Information about the Executive Committee:

Except as to actions specifically stated in these Bylaws or by law to require approval of or to be taken by the Board of Directors, the Executive Committee shall have all of the power of the Board of Directors between meetings of the Board of Directors; provided, however, that the following powers shall be expressly reserved to the Board of Directors: (a) the election, appointment or removal of any officer or committee member, other than the appointment or removal of the Executive Vice President; (b) any action with respect to which a Supermajority Vote of the Board of Directors is required pursuant to Article V, Section 9; (c) the adoption, modification or amendment of the Governing Policies; (d) any action inconsistent with the Articles of Incorporation, these Bylaws and/or the Governing Policies or any standing resolution or direction of the Board of Directors; (e) the approval or modification of the education and designation requirements for candidates and designees under Article V, Section 2; (f) any change or modification to tuition fees involving more than fifteen (15%) percent of such tuition fees; and (g) the amendment of these Bylaws or the Articles of Incorporation. The Executive Committee shall report its actions as appropriate to the Board of Directors.

Composition:

  • President
  • President–Elect
  • First Vice President
  • Treasurer
  • Immediate Past President
  • Eight members elected by the Board of Directors from among its membership for staggered two–year terms
  • Presidential Liaisons as ex–officio, non–voting members
  • Chair of the Governance Committee as an ex–officio, non–voting member
  • CCIM Institute representative to the NATIONAL ASSOCIATION OF REALTORS® as an ex–officio, non–voting member
  • Executive Vice President as an ex–officio, non–voting member

Commercial Real Estate & Business News – October 31, 2014

HAPPY HALLOWEEN!

The corner of Mill Avenue and Rio Salado Parkway across from the Tempe Town Lake park is getting a new tower. Hayden House Tempe LLC, closed on a 2.5-acre parcel on the southwest corner to preserve the Hayden House – home of Monti’s La Casa Vieja – and integrate an edgy, mixed use urban development… Read more »
The adjacent sister property at Portland Place, which will add 170 true lofts and finished condos to the Downtown Phoenix Roosevelt Historic and Art District is opening its sales office on November 6th. The new urban living project is aptly dubbed Portland on the Park as it is situated between the three-acre Portland Park and the 32-acre Margaret T. Hance Park bordering Central Avenue. Towers of four stories, 12 stories and 14 stories will be completed by mid-year 2016, with homes available for sale beginning in the low $200,000’s and penthouse suites under $1 million… Read more »
NextGen Apartments in Scottsdale plans to develop a 332-unit multi-family community at the northwest corner of Cooper Road and the 202 Loop in Chandler. Nextgen Apartments-Cooper 202 LLC paid $6.15 million to acquire the 19.5-acre site… Read more »
Holiday spending among U.S. consumers is expected to rise 1.9% in 2014 compared to the prior year. According to the 2014 Nielsen Holiday Retail Sales Forecast, which surveyed more than 25,000 demographically representative American households in September, 25% of respondents had already started holiday shopping in September… Read more »
“We are seeing a more educated real estate investor participate in online CRE investing and the less experienced investors are taking the time to educate themselves—Our investor content (ebooks etc) has seen thousands of downloads,” he explains. He also notes that “The average investment that an investor makes per deal is going up—Whereas our previous average was approximately $70,000 per investor’s investment, more recent offerings are closer to $90,000 and $100,000 per investor’s investment”… Read more »

Commercial Real Estate & Business News – October 30, 2014

Competition for CRE Lending Creating a Dilemma for Banks

Lenders still prefer stabilized properties, but nonresidential construction lending also targeted. The nation’s banks continue to grow their commercial real estate loan portfolios, increasingly betting on the growing demand for new commercial property construction and continued strength in multifamily. However, as many banks acknowledge in their quarterly earnings discussions this month, the lending landscape is getting pretty crowded with competitors. That is prompting some banks to back away from opportunities and others to stretch their lending covenants… Read more »

As CRE Values Rise, Global Investors’ Returns Get Squeezed

Sometimes good news for commercial real estate is bad news for global investors. High real estate values and low interest rates for all types of real estate financing—especially in the core real estate markets the global real estate investors favor—continues to push returns on investment lower… Read more »

Rents on the Rise for Metro Phoenix Houses, Apartments

Renters are paying more for apartments and houses in metro Phoenix than they did a year ago. The average rent on an apartment climbed 4.9 percent during the past year to reach $815 a month at the end of September, according to research firm RealFacts… Read more »

TDI Partnership Planning 256-Unit Apartment Project at Tempe Town Lake

A partnership formed by TDI Real Estate Holdings LLC plans to develop a 256-unit apartment community located east of Scottsdale Road and north of Tempe Town Lake in Tempe. The luxury multi-family complex, which is being called Jefferson Town Lake, is targeted for a 1.62-acre site that is bordered on the north by Playa del Norte Drive… Read more »

Americans More Confident About the Nation’s Housing Market, New Research Shows

Overall Americans are more confident about the housing market than at the start of the year, according to the latest Zillow Housing Confidence Index. The index increased to 64.2 over the summer, up from 63.7 in January, and housing confidence increased among residents in 11 of the 20 major metro areas surveyed… Read more »

Commercial Real Estate & Business News – October 29, 2014

US Consumer Confidence Hits 7-Year High in October

U.S. consumer confidence rebounded strongly in October, hitting a seven-year high as solid job gains raised expectations for economic growth. The Conference Board said Tuesday that its confidence index climbed to 94.5, the strongest reading since October 2007 and the start of the Great Recession a few months later. This month’s gains reversed a revised decline to 89 in September from 93.4 in August. Job gains and falling gasoline prices have helped to improve sentiment, despite muted economic growth in Europe and China that has fueled volatility in financial markets… Read more »

CRE Transaction Rise 16% in First Half of 2014

You don’t have look far or very hard for an indicator that the commercial real estate industry is thriving. CMBS is on track for $100 billion in issuance this year; multifamily continues its momentum; crowdfunding is reaching levels unexpected by even its most ardent fans. But one indicator – transaction activity – inarguably trumps them all. Here, too, though, it is clear that CRE is trending high… Read more »

Reports Offer Contrasting View on Economic Recovery

Two new reports Tuesday show some bumps in the state’s recovery from the recession. One finds that Arizona consumers are spending more, at least in certain areas, but not a lot. The other shows that, for the first time in three years, Arizona is not among the Top 10 states in job growth… Read more »

Wood Partners Buys Land for 278-Unit Apartment Community in Northeast Phoenix

A venture formed by Wood Partners plans to develop 278 luxury apartments on a 5.75-acre parcel located south of the southwest corner of Mayo Boulevard and 68th Street in Phoenix. The community, being called Alta Paradise Ridge, is being developed by a limited partnership formed by Wood Partners and Phoenix Capital Partners… Read more »

DriveTime Corporate HQ Heads to Tempe

The new corporate headquarters for DriveTime Automotive Group will be the third of five Class A office buildings in Liberty Center at Rio Salado. The deal for a build-to-suit 96,000-square-foot office means construction will start before the end of the year. When completed next November, DriveTime plans to hire 300 new employees, bringing its headquarters Arizona workforce to more than 550. Christopher Piper, marketing communications manager at DriveTime says the company has around 1,550 employees in Arizona… Read more »

Commercial Real Estate & Business News – October 28, 2014

Survey: Multifamily, Downtown Development to Drive Commercial Real Estate in 2015

A survey of commercial real estate professionals says that downtown urban core development, millennials continued love of apartment living, and the potential for technology to disrupt industry norms are themes that could emerge in real estate in 2015. The PricewaterhouseCoopers LLP and Urban Land Institute’s 36th annual emerging trends in real estate report compiles the opinions of close to 400 industry professionals, from investors to lenders, to gauge opinions about what will happen in 2015… Read more »

Arizona in Top 10 U.S. States That Sell to Chinese Investors

Chinese investors who want global real-estate portfolios typically look for trophy projects in cities like New York, Los Angeles and London. Just this month, Hilton Worldwide agreed to sell its flagship Waldorf Astoria hotel in New York City to a Chinese insurance company for $1.95 billion—the steepest price tag ever for a U.S. hotel, brokers say, although it isn’t the highest on a per-room basis… Read more »

The Monday Morning Quarterback

With the exception of single family housing, the economic news continues to be good. As we’ve discussed before, there are several reasons for Arizona’s weak housing market… Read more »

Lennar Buying Site in Chandler for 283-Unit Apartment Complex

After announcing in May 2013 that the company planned to build apartments in the Phoenix area, Lennar Mutifamily Communities already has 1,374 units targeted for four Valley locations. The company has closed on land acquisitions in Tempe and Phoenix to build 678 units in two projects and the subsidiary of Lennar Corp. has deals pending to buy sites in Chandler and Tempe to develop another 696 apartments in two more multi-family communities… Read more »

Market Trend: Phoenix Retail Vacancy Decreases to 10.1%

The vacancy rate went from 10.4% in the previous quarter to 10.1% in the current quarter. Net absorption was positive 745,818 square feet, and vacant sublease space decreased by 1,601 square feet. In second quarter 2014, net absorption was positive 395,191 square feet… Read more »

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