Commercial Investment Real Estate November/December 2017 | Page 82

50 YEARS OF
SIGNIFICANT
n Quick Facts about CCIM Institute
n Historical Milestones
1950s and 1960s
1952:
✦ Introduction of Investment Property and Taxation
courses at the University of California at Los Angeles
1954:
✦ Creation of the Commercial Property Exchange
designation at a meeting of three instructors and 50
students in Los Angeles
1967:
✦ Birth of what became CCIM Institute
✦ The founding fathers — Victor Lyon, CCIM, of Seattle and
Jay Levine, CCIM, of San Francisco — taught the first
national presentation of what later became the CI 101
course in Chicago.
MIL
1970s
✦ For CCIM designees, skyscrapers
provided an opportunity to raise rents
and increase real estate values. Brokers
benefited by having more business clients
for the increase in leases and more
opportunities to help investors.
✦ Suburban communities raised the
profiles of CCIM designees by identifying
investors for shopping malls and hotels
and helping CCIMs to serve in specialties,
such as brokers, investors, attorneys, and
appraisers.
✦ 300 commercial real estate professionals were
grandfathered as the first designees and members ✦ CCIM Institute developed more CCIM
courses to more rigorously train CCIM
designees for the revolutionary changes in
the CRE profession.
1969:
✦ CPE designation was changed to Certified Investment
Member designation and four months later to Certified
Commercial Investment Member designation. 1977:
✦ Introduction of the first hand-held HP
financial calculator into CCIM Institute
courses
Pivotal CRE Industry Events Pivotal CRE Industry Events
1960s 1970s
✦ Birth of the regional shopping mall 1970 to 1974:
✦ Construction of skyscrapers in major U.S. cities
coast-to-coast resulted in 25 buildings taller than
50 stories.
✦ Birth of national chain hotels
✦ Holiday Inn hotels built in 48 states
✦ Real estate syndications started which
later became REITs
✦ Boom around emerging categories,
with corresponding changes in finance
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CCIM.COM
1970s:
✦ Suburban communities nationwide began to
flourish, built on the edge of prominent cities.
COMMERCIAL INVESTMENT REAL ESTATE / NOV.17
Contributor;
1977 to 1978:
✦ First formal auditions and training
sessions held for course instructors