The 2011 CCIM Forecast Competition scheduled for Friday, February 25, provides one of the best opportunities to learn about the many factors affecting Houston’s complex real estate marketplace. The annual CCIM Forecast has become one of Houston’s best attended events for commercial real estate professionals. Attendees will meet industry leaders and collect useful research materials, as well as earn 4 hours of MCE credit.

Future market trends are predicted with a debate-style competition by local experts in the office, retail, industrial, land and multi-family markets.

The greatest resources for information about our real estate marketplace are the local brokers who manage the assets through the business cycles that shape our city. The roster of competitors below provides the finest insight and expertise available to discuss real estate in Houston.

Although the CCIM Forecast event is billed as a “competition,” the event is more about a shared perspective. The presenters in the various asset categories typically agree on most substantive points. But having two presenters approach the same topic from different perspectives provides additional insight into a large, complex set of markets. One presenter may be more optimistic and the other perhaps more pessimistic, but the format creates a conversation that describes the markets in more detail than a matrix of market metrics and prognostications.

In addition to the brokers discussing the various property types, the economic picture will be made complete with two additional presentations. Mark Dotzour, PhD, Chief Economist of the Real Estate Center at Texas A & M University, will provide his detailed outlook for the region and the state. Given the importance of available financing, no discussion would be complete without an overview of the capital markets. John Fenoglio from Grandbridge Real Estate Capital will speak about what to expect from the finance sector.

The CCIM Chapter is also adding a Regional Networking Event focusing on a CityCentre Retail and Office Tour followed by a Happy Hour/Networking from 5 to 8 p.m. at CityCentre the night before the Forecast. Participants are encouraged to bring their best listings and client needs to network with CCIMs from Texas, Louisiana and Oklahoma. The cost is $10 for CCIM members and $20 for nonmembers, or pay a total of $70 for members and $100 for nonmembers for both events.

Attend the CCIM Forecast Competition if you want to have the knowledge to make better business decisions in the Houston and Texas Gulf Coast commercial real estate marketplace. For more information, contact ginger@amchouston.com.

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