Sound Bites from NAIOP’s I.CON: The Industrial Conference

Sound Bites from NAIOP’s I.CON: The Industrial Conference in Jersey City

“Where are we headed [with big ships]? From a global perspective, in 2005, we had 3,300 vessels on the open ocean with about 7.3 million TEU capacity; by 2015, we will be up to 5,000 vessels with over 18 million TEU capacity. There is a substantial growth in capacity being driven by the big ships.”
Jack W. Ellenberg, senior vice president for economic development and projects, South Carolina Ports Authority

“This [big industrial buildings] is the only segment in commercial real estate that did not see a recession.”
Rene Circ, director of research, CoStar Portfolio Strategy

“I cannot think of a single industrial market that is on a downward trend.”
Tim Hoffman, vice president, acquisitions, Duke Realty Corporation

“Almost every market in the U.S. has a lack of new supply. The three exceptions are Dallas, Houston and the Inland Empire.”
Robert A. Kritt, senior vice president, acquisitions/dispositions, Prologis

“We are going through a fundamental change in our industry. Globally, there is too much capital chasing way too few real estate opportunities.”
Brian Ward, president, capital markets, Americas, Colliers International

“[Industrial has become] a preferred asset class, with incredible fundamentals, both here in New Jersey and across the country.”
Kevin Welsh, senior vice president, capital markets, CBRE

“Major developers and companies like Amazon and Wal-Mart have tended to dominate the real estate landscape in many communities. While these large-scale investments have been crucial to the industry’s growth, so have the smaller, niche investments that don’t often get as much attention.” 
John Morris, head of industrial, Americas, Cushman & Wakefield

From the Archives: Perspectives Articles from the Previous Issue

head shot of Mark Rose

CEO on Leadership: Mark E. Rose, Chairman and CEO, Avison Young 

Mark Rose is chairman and CEO of Avison Young, one of the world’s fastest-growing commercial real estate services firms. Headquartered in Toronto, he launched his real estate career working with real estate clients at a public accounting firm. At age 26, he was named CEO of the U.S. Real Estate Investment Trust of British Coal Corporation.

head shot of Katie Miller

Developing Leader Sees Relationship Building as Key to Expanding Opportunities 

Katie Miller is a senior national commercial escrow officer with First American Title Insurance Company in Denver, where she closes and underwrites large commercial real estate transactions across the U.S. With 12 years of industry experience in both residential and commercial real estate, she serves as chairman of NAIOP Colorado’s Developing Leaders Committee, where she helps the association and industry expand diversity initiatives.