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Newsletter

July/August 2009

In This Issue of The Investor
President's Message
Come Meet Your Mayoral Candidates
Check out the New Hot Spot in Houston
House of Blues Networking Event
CCIM Donates to Local Charity
In The Zone...
A Time for Unity
2Q09 Market Summery
2Q09 Market Statistics
Economic Update
FREE Upgrade of Management Tool Forms
2009 Education Schedule
Find a Job or Offer a Job
President's Message 

Dear CCIMs and Fellow Colleagues:

The CCIM Houston Gulf Coast Chapter has been enjoying the success of our education classes this last month. We have planned two wonderful networking events in July and August.   We are so pleased by the participation of our members and sponsors, despite having to suffer the recession in our industry. 
 
It's hard to believe how fast we are growing-we had 43 people attend our CI-103 class last month.  Our Chapter also offered a two-hour class which Kevin Block taught to assist candidates with their portfolio submissions required to qualify to sit for the upcoming exam in Hawaii this October.  In another effort to provide outstanding support for our candidates, our Chapter is offering $500 to the first ten chapter member designees or candidates wishing to attend the conference events in Hawaii in October. 
(Please speak with Ginger Coleman for more details.)

 
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CCIM/IREM Joint Luncheon - July 14th     

mayor lunch

 
Join the Institute of Real Estate Management Houston Chapter (IREM) and the CCIM Houston/Gulf Coast Chapter for a "Meet the Candidates" event. Confirmed candidates include; Peter Brown, T.J. Huntley, Gene Locke, Roy Morales and Annise Parker. Candidate networking will be available to attendees from 11:15 a.m. to 11:45 a.m. and again immediately following the program at 12:45 p.m. The luncheon includes an informative question and answer forum while the meal is served.

Click Here to Register

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CCIM West Ave. Tour and Networking Event     

June 30, 2009

6:00 PM 

A vibrant, neighborhood is coming to life in Houston at the
intersection of its most celebrated streets, Westheimer and Kirby.
West Ave is a classic, cosmopolitan mélange of cafes, boutiques,
entertainment venues and luxury apartment homes www.westaveriveroaks.com. The center boasts 390 luxury residences above retail on five levels, and 50+ retail storefronts and 190,000 sq feet of retail. 


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House of Blues Networking Event     

hob

 
August 20, 2009

6:00 PM 

Please join CCIM Houston for our 2009 Joint Foundation Building Event!  This joint event brought to you by CCIM Houston will bring together organizations from all areas of commercial real estate in order to help our attendees continue to build a foundation of relationships in the Houston commercial real estate community. 


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CCIM Helps Local Breast Cancer Organization

dettaSubmitted By: D'Etta Casto DeLeon, CCIM
 
On January, 21, 2009, The Young Professionals Group of CCIM Houston/Gulf Coast Chapter held our Foundation Building event at the House of Blues to benefit The Rose. The Rose is the Houston area's leading 501(c)(3) non-profit breast cancer organization providing mammography screening, diagnosis, early access to treatment and support to all women regardless of their ability to pay. This event was even more successful than the CCIM chapter leaders and the event committee could have expected. At first glance we were thinking the event would bring in 250 people and were hoping to be able to donate between $2,000 and $3,000. But the event, which brought together young professionals from 11 real estate organizations with over 350 attendees, brought the grand total for The Rose to over $5,000 and was directly used to benefit The Rose's first annual "Bikers Against Breast Cancer Rally". 
 

Read More...
 
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In The Zone...

ccim logo Submitted by: Colin Fox, CCIM

When asked to spearhead the Houston/Gulf Coast CCIM Chapter's Web site redesign, Colin Fox, CCIM, president of Colin Fox & Associates in Houston, wanted the site "to provide more relevance and value to both our broker and non-broker members in their everyday transactional activities," he says.

With this goal in mind and under Fox's leadership, the chapter implemented Argus Zone transaction management software into the new www.ccimhouston.org site and extended free, one-year licenses to all chapter members. This value-added benefit "helps [members] manage costs and be more productive with documents, spreadsheets, and discussion of everyday business life," he says.
 
 
Read More...

 
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A Time for Unity

pius Submitted by: Pius Leung, CCIM, CPM

Ten years ago, several CCIM Institute members and I ventured to Beijing, China, to uncover the rich opportunities which lay in this bustling city. We met with a professor at a notable Beijing university and began a relationship that would serve as the bridge between CCIM and China. 
 
Read More...

 
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2Q09 Houston Office Market Summary

Submitted by: Grubb & Ellis

Houston's office leasing market continued its sluggish performance by posting 510,943 square feet of negative net absorption during the second quarter of 2009, pushing the year-to-date total further in the red to 1.4 million square feet of negative growth.  Once again, Class B properties witnessed the largest quarterly absorption loss with 421,485 square feet, driving the year-to-date figure to 1.2 million square feet of red absorption ink.  In addition, Class A properties recorded 106,772 square feet of negative absorption while Class C buildings managed to register positive growth, tallying 17,314 square feet during the survey period. 
 
The area of town hit hardest was Houston's Uptown/Galleria submarket... (click here for the full article)  
 
 
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2Q09 Houston Office Market Statistics

Submitted by: Grubb & Ellis

 
Click Here for  Statistics Spreadsheet 
 
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Houston Economic Update

Submitted by: Federal Reserve Bank of  Texas

The Houston economy peaked last November, beginning its decline as oil prices fell back under $100 per barrel and the U.S. economy fell into a serious financial crisis. Over the past six months, local employment has fallen at a 3.7 percent annual rate, while the unemployment rate has jumped from 5.5 to 7.2 percent. The most recent data show few signs that the rate of decline in the local economy is slowing. 
 
Read More... 
 
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Texas REALTORS Get Free Upgrade of Forms Management Tool

Colin Fox Submitted by: Colin Fox, CCIM

The forms software all Texas REALTORS® receive for free has been upgraded with new features, many of which are the direct result of user requests. 
 
Read More...

 
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2009 Education Schedule  

All courses will be held at the Houston Apartment Association

 

 

- CI- 104 Investment Analysis for Commercial Investment Real Estate - August 10-14, 2009

- CI - 101  Financial  Analysis for Commercial Investment Real Estate December 7-11, 2009

Read More...

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We are always looking for articles to print in The Investor. If you have an article you would like to submit, please email it to Beth Young or Ginger Coleman.
 
Sincerely,
 

Ginger Coleman
CCIM Houston Chapter
PO Box 59
Bellaire, TX 77402
713.783.0297
www.ccimhouston.org
www.ccim.com
Beth Young, CCIM, LEED AP
Grubb & Ellis
713.599.5127
Beth.young@grubb-ellis.com

 
 
Newsletter Design by REDNews
 
 
 
2009 Calendar of Events
 
 
July 14, 2009
CCIM/IREM Joint Luncheon
LOCATION:

Hilton Post Oak
Speakers are Mayoral Candidates: Peter Brown, T.J. Huntley, Gene Locke, Roy Morales and Annise Parker.


July 30, 2009
Networking Event
WestAve Tour and Drinks
Click Here for more info.
 

August 13, 2009
Chapter Luncheon
LOCATION:
Sheraton Suites
Speaker: Jeffrey Sjostrom, Galveston Economic Development Partnership


August 20, 2009
HUGE House of Blues Networking Event
LOCATION:
House of Blues
Click Here for more info.

 
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CCIM Members and Partners:
 
If you are looking for a job opportunity or have an opening in your firm, post your listing here in the CCIM Investor for FREE.
 
Please email any job posting to Ginger Coleman at ginger@amchouston.com.