Commercial Investment Real Estate September/October 2018 | Page 3

September | October 2018 | Vol. XXXVII No. 5 22 30 Niche Domination Main Street Win Invoke your ‘power to convene’ to become the undisputed leader. Reversal of the e-commerce sales tax loophole benefits brick-and-mortar retail. by Blaine Strickland, CCIM by Elizabeth Vincent 24 32 Splitting Profits The IRR waterfall technique provides equity in allocation of risk and return. cover story If You Build It… 36 Office Evolution Spec construction fills industrial’s quality assets gap. The changing nature of work is driving new trends in office space. by Beth Mattson-Teig by Sarah Hoban by Jeffrey L. Engelstad, CCIM columns departments President’s Desk Market Forecast CCIM Q&A Financing Focus Investment Analysis Legal Briefs Technology Solutions 2 10 12 14 16 18 20 6 40 42 44 48 Market Trends Regional Outlook International Beat Deal Makers CCIM Connections 14 CCIM.COM September | October 2018 1