Douglas Herzbrun to Keynote 20th Utah Commercial Real Estate Symposium

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( — January 7, 2014) Salt Lake City, UTAH — Douglas Herzbrun will offer the keynote address at the 20th Annual CCIM Utah Commercial Real Estate Symposium. The event will held January 23rd at the Hilton Salt Lake Center, 255 S. West Temple in Salt Lake City.  The seminar will provide continuing education for Utah real estate professional licensing requirements.  Early Bird Registration for the 20th Annual CCIM Utah Commercial Real Estate Symposium can be done online at  Doors open at 7:00 a.m. for on-site registration, and the program begins at 8:00. 


Mr. Herzbrun, Head of Research for CBRE Global Investors, will offer his insights on the macro trends and developments that may affect local Utah real estate markets in 2014.  Herzbrun believes that the US is poised for the best year of expansion since the market downturns began some 7 years ago.  In his view, the US will lead world-wide recovery by posting the best performance of any major economy in the coming year. 


“Shadow vacancy (paid for, but currently un-used office or retail space) has diminished in the past year.  With this back-fill space diminishing, the real growth in demand will be reflected in the market place in 2014.  Demand will once again lead by the tech and energy industries, with business services companies becoming an increasing factor in the market.”  D. Herzbrun


The markets are not without risk, however.  The anticipated broad based demand for commercial real estate could still be dealt a major setback by an unanticipated spike in interest rates, or a lack-luster general recovery in Europe.  Either scenario could, according to Herzbrun, nip the budding recovery short.  Herzbrun sees auto sales and residential housing; both highly rate sensitive sectors as key factors in the fragile continuing economic recovery.


Other scheduled presenters include:


Sage Sawyer – Multifamily 

Mr. Sawyer is the lead investment associate of the Apartment Realty Advisors.


Stuart Thain – Retail   

Mr. Thain is the Senior Vice president of Coldwell Banker Commercial, founder and co-owner of Coldwell Banker Intermountain. Mr. Thain has 30 years of Retail Leasing experience.  His clients include Costco, Ross Dress for Less, DSW, and Nordstrom Rack and other notable regional and national tenants


Mark Jensen – Investment

Mr. Jensen  is the Senior Director of Investments, commercial real estate investment broker, and capital market pro at Newmark Grubb ACRES. With over 10 yrs experience in the real estate industry, possessing a number of significant achievements within commercial real estate brokerage, investment and sales and Utah capital markets.


Scott Wilmarth – Office  

Mr. Wilmarth  is a Senior Vice President at CBRE and the founding partner of the Wilmarth Cornelison team. Mr. Wilmarth joined CBRE in 1984.  He currently representing numerous owners, landlords and tenants throughout the intermountain area.


Mike Farmer – Industrial

Mr. Farmer is an associate broker in Commerce Real Estate Solutions’ Industrial Division. Farmer specializes in all facets of industrial real estate, including sales, leasing, sale-leasebacks, investments, and land.


About Douglas Herzbrun

Mr. Herzbrun is responsible for CBRE Global Investors’ global research activities. He directs strategic analysis of the economies, capital markets and property markets in North America, Europe and Asia. These analyses support the portfolio management and acquisition processes, and the development of new product concepts. He communicates research insights to the firm’s clients and prospects, and to the real estate community. He serves on the firm’s Global Investment Committee, Americas Investment Committee and Global Multi Manager Investment Committee.


Mr. Herzbrun has over 32 years of real estate investment research experience. He joined CBRE Global Investors in 1984 after four plus years with Coldwell Banker Real Estate Consultation Services.


Mr. Herzbrun earned a B.A. in History from the University of California at Berkeley and a Master of City and Regional Planning from Harvard University.


About CCIM

CCIM is the global leader in commercial and investment real estate education and services.  The CCIM Institute was founded in 1954 to give commercial real estate professionals increased  networking opportunities, and  an opportunity to hone their business skills through continuing education. The coveted CCIM designation, recognized as a hallmark of professional competency, affords members an undisputed competitive advantage.


The Utah CCIM Chapter is dedicated to providing the highest quality services, education, marketing and networking opportunities.  Our goal is to enhance our members’ ability to conduct their business at a higher level of professionalism and success.




P.O. Box 91083
Salt Lake City, UTAH 84109