Commercial Investment Real Estate Winter 2020

CONTENTS COVER STORY Winter 2020 | Vol. XXXIX No. 1 The forecast for CRE markets in 2020 is promising, but investment will require sophistication to avoid potential pitfalls. By K.C. Conway, MAI, CRE SUNNY WITH A FEW CLOUDS 23 DEPARTMENTS PRESIDENT’S DESK New Year, New CIRE 02 INDUSTRY VOICES Waste Not, Want Not 04 CIRE PODCAST What Lies Ahead 06 MARKET TRENDS 08 WORLDVIEW Japan 10 BY THE NUMBERS WITH REIS Slow and Steady 12 INVESTMENT ANALYSIS Gas Stations Fuel Investment 14 BRIEFINGS The Value of Cost Segregation Studies 16 CCIM Q&A A Game-Changing Year Ahead 18 CCIM CANDIDATE SPOTLIGHT Meet Meetu Bhatnagar 38 CASH FLOW MODELING Leverage Can Boost Equity Yield 40 CRE INNOVATIONS A Token Change 42 DEAL MAKERS 44 CIREMAGAZINE.COM 20 27 POT OF GOLD? GRINDING TO A HALT? The $1.4 billion legal cannabis industry packs promise for commercial real estate pros. By Sarah Hoban Can Congressional leaders pass mean- ingful legislation amid impeachment and election tension? By Elizabeth Vincent 30 33 THE NEXT GENERATION YOU’RE NOT THE HERO The CRE industry needs to strategize for the arrival of 5G, which will revolutionize com- munication demands of tenants. By Beth Mattson-Teig To successfully prospect to sustain your busi- ness, write a story that lets your clients take center stage. By Bo Barron, CCIM COMMERCIAL INVESTMENT REAL ESTATE MAGAZINE 1

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