July Newsletter: Summer in Full Swing
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CCIM Institute President’s Message | June 2024
Dear CCIMs,
Reflecting on last month’s accomplishments, I am incredibly proud of our continuous efforts as an organization and our CCIM community. From our most talked-about booth at ICSC Las Vegas to our Designees and candidates taking part in the REALTORS® Legislative Meetings in Washington, each step we take to further the industry it propels us forward in becoming the premier source for commercial real estate education and expertise.
I am excited for June because it marks the start of summer and the release of the summer issue of CCIM Connections magazine. This issue highlights the contributions of our members and chapters, showcasing their individual experiences and illustrating The CCIM Institute’s global influence on commercial real estate.
This month we are also gearing up for the C5+CCIM Global Summit, a partnership with the National Association of REALTORS® bringing the best and the brightest in the industry together, September 17-19 in Hollywood, Florida. This year’s event will feature keynote speaker Dan Marino, pro football Hall of Famer and legendary quarterback, as well as Tiffani Bova and Paco Underhill, experts in top-line growth and consumer behavior. Save on registration by taking advantage of the advanced rate, which ends Aug. 16.
What I am most excited to celebrate this month, though, is the launch of the CCIM Designee Marketing Campaign. This nationwide initiative aims to nationally recognize the value and strength that a CCIM brings to a deal. The campaign targets our allied partners, helping them understand the opportunities partnering with a CCIM can bring to maximizing client returns and investments. This three-year campaign will also provide valuable insights into how the Designation is perceived and understood in the marketplace and help us better position ourselves for the future.
As we look ahead at the second half of 2024, I always like to reflect on where I have been and where I am headed. As your Global President, I am proud of the progress we’ve made the first half of this year and excited for the opportunities that lie ahead. Thank you for your support and commitment to being a member of The CCIM Institute.
Sincerely,
D’Etta Casto-DeLeon, CCIM
2024 Global President
The CCIM Institute
View our June Industry Newsletter: Office Offerings
View our June Newsletter: Healthcare Expansion and Prime Opportunities
View our May Industry Newsletter: Land/Development Opportunities
View our May Newsletter: Spring Promo / Gala Events / and a New Team Member
View our April Newsletter: Lending a Help Hand
View our March Industry Newsletter: Unlock Opportunity Industrial Properties
View our February Industry Newsletter: Fall in love with the Retail / Restaurant space of your dreams
View our February Newsletter: Top 10 Closed Transactions / Reward Trip
Reward Trip 2024 – Bahamas
Each year, Black Diamond Realty provides an incentive trip intended to reward team members who meet individual and company goals. 2024’s destination was Paradise Island of the Bahamas. The six days included lots of sun, playing beach volleyball, endless beverages, exploring the shops over at Atlantis and so much more! Our team returned to Morgantown recharged and excited for another successful year.
Black Diamond Realty has created a family-like, teamwork-oriented culture in which our team is vested in each other’s success. Our process is detailed and diligent but it surrounds core values and beliefs that are summarized by the acronym, HIT. “ H ” stands for honesty, hard work and humility. “ I ” stands for integrity, intelligence and innovation. “ T ” stands for teamwork, tenacity and technology. Maintaining a consistent focus on honoring our HIT value system, BDR’s team works tirelessly to achieve our clients’ goals. Recharging the battery is paramount to providing a high level of service.
Thank you to all our clients and referral sources for trusting us with your projects. Check out some of our favorite moments below.
View our January Industry Newsletter: Now is the time to Invest
View our January Newsletter: Reflecting and Projecting
As humans, it is natural for us to take things for granted. Our children will stay young forever. A business will continue on its current growth trajectory. 2023’s rapidly changing interest rate environment served as a reminder that things can change quickly. On March 17, 2022, the federal government set out to slow down an economy that was growing at an unsustainable rate. The federal funds rate rose from 0.25% to 0.50% in March 2022 to 5.25 to 5.50% on July 26, 2023 which represents the last rate hike (https://www.forbes.com/advisor/investing/fed-funds-rate-history/). That’s 500 basis points in 16 months! Rapidly increasing the federal funds rate achieved the government’s goal of slowing inflation. The speed of change was rapid, being the fastest in multiple decades, and sent shock waves throughout the commercial real estate world. Some of Black Diamond Realty’s observations are captured in the bullet points below.
2023’s theme was rapid change. What will 2024 look and feel like? Predicting the future is impossible, but national trends and experience allow us to make educated guesses. Please bear in mind you should always complete your own due diligence before making an investment decision. Black Diamond Realty’s 2024 predictions are as follows:
We often joke Black Diamond Realty is not a group of magicians. We are skilled CRE professionals whose job is to maximize exposure, navigate complicated processes and provide sound consultative investment and decision-making guidance based upon experience. We are in the commercial real estate trenches every day. We do not sell homes.
Diversifying investments, pursuit of passive income, filling a void in your portfolio’s performance (leasing) and liquidating an asset to meet long-term goals are all reasons to contact our Black Diamond Realty team. Call our team of experts today to set up a consultation. We look forward to serving you in 2024 and beyond.
Article by:
David Lorenze, CCIM Principal, and team.