We in Commercial Real Estate love our acronyms.

naiop - the National Association of Industrial & Office Properties is a trade association for developers, owners, investors, asset managers and other professionals in industrial, office and mixed-use commercial real estate. Their research foundation conducts research assessing the trends, economic viability and needs of the built environment.


IREM -Institute of Real Estate Management is an association of Property managers acting nationally to look at trends and issues in property management, serving both Commercial and Residential Real Estate.

BOMA the Building Owners and Management Association is, perhaps, best known for standardizing the way in which buildings are measured, but they continue to publish some of the most widely quoted statistics and information about portfolio, asset and property management perspectives, trends, and information.

N.A.R is the National Association of Realtors. Realtors are Real Estate agents who have chosen to adhere to a higher practice of ethical standards. Real Estate agents can also choose not to be Realtors who cooperate freely with each other to bring real estate transactions to a close successfully for their clients.

U.L.I. is the Urban Land Institute who are based in Washington DC and is a nonprofit education and research institute that focuses on smart land use. They provide information on urban planning, growth and environmental impact of development.

LEED will become more and more visible in the coming years. The Leadership in Energy and Environmental Designation connotes buildings that have met national benchmarks for Green or Environmentally-friendly design and construction.

Networks and education programs such as C.C.I.M. certified Commercial Investment Members or S.I.O.R. the society of industrial and office Realtors only scratch the surface of national designations that real estate agents and brokers, Realtors or non-Realtors can achieve.



January 24, 2007

The New Haven Coliseum is set to implode on the 20th of January 2007. The escalators that we stomped on and slapped, when we were teenagers leaving concerts, hockey games, or monster truck rallies, have been dismantled and taken away. The Coliseum is on every-one's mind. The New Haven Register asked promoters and music writers to weigh in on their favorite coliseum events, and we all feel a little melancholy. When the New Haven Arena was demolished our Parents and Grandparents probably felt the same mixed emotions about progress that we are feeling today. But, we cross our fingers and hope that Gateway College and Long Wharf Theater really make the move downtown, so we don't look at an empty corner where our childish follies used to live.

2007 holds big dreams for New Haven and its county. Apartments, lofts and condos in downtown New Haven remain the big news and Medical Offices on the shoreline are the busiest sector of the Commercial and Industrial Real Estate Market. The city of West Haven and the entire State of Connecticut will be scrambling to find a way to move tenants to the Bayer Facility. Replacing those tax dollars and a thousand jobs will be difficult in Connecticut, a state that loses the national race for job creation. In North Haven, the Anthem/Blue Cross property is at the forefront of the Economic Development Commission's collective psyche. Several parties have expressed interest, but the question is, will they move in and will they contribute to the town coffers?
In Madison, the question still centers on Griswold Airport and Leyland Development. Though zoning approved over 55 housing on the site, lawsuits continue to delay groundbreaking. Guilford sees the same with "The Rockpile" and the planned DDR Lifestyle center that has a couple dozen upscale retailers lining up on paper to take occupancy of retail space at the foot of exit 57. Circling back to New Haven, it will be all about parking and traffic. An arts magnet school has been dropped dowtown, on one of the busiest corners of the arts district, while Condos are slated to take the place of BBQ and parking lots. Moving downtown is a continuing trend, great for the Elm City and a vibrant culture, but it leaves us wondering. Where's everyone going to park?



January 15, 2007

Archive