2A — November 23 - December 6, 2012 — Mid Atlantic Real Estate Journal
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Aldo Design Group .......................................................... 8A All-Rite Construction Co., Inc....................................... 10B ALT Realty....................................................................... 4B AmeriBid.......................................................................... 5A Associated Builders & Contractors, Inc. ...................... 23A Bedford Strategies & Solutions ...................................... 1C Belfor Property Restoration............................................ 8C Bennett Williams Realty Inc. ....................................... 13B BL Companies ............................................................... 20B Bohler Engineering ......................................................... 8B Borrus Associates ............................................................ 9B Capitol Aerials............................................................... 17A Cenova ............................................................................. 2B Cole Schotz .................................................................... 18C Cooper Levenson, Attorneys at Law............................... 4C Cooper Roofing Inc. ......................................................... 9A Corbett Exterminating.................................................. 19C CREATE......................................................................... 20B Crystal Window & Door Systems, Ltd. ........................ 16A D.F. Pray ......................................................................BC-B David Hirschman Realty Company, Inc......................... 3C Earth Engineering Incorporated .................................... 5B EdificeRx........................................................................ 18C Entech Digital Controls .................................................. 7C EWMA............................................................................ 13C Exchange Solutions ...................................................... IC C Fameco Real Estate....................................................... 13B Fowler ............................................................................ 24A Fox Rothschild LLP...................................................... IC-A Franchise World ............................................................ 12B GeoGenix ......................................................................... 1A Gilbeaux Associates, P.C. .............................................. 17A Haftek CWS................................................................... 11A Hutchinson Mechanical Services.................................. 10C Hutchinson Mechanical Services.................................. 18A Integrated Business Systems ....................................... 12C IREM.............................................................................. 20A Jottan Inc....................................................................... 11C Kaplin Stewart ................................................................ 2A Katz Properties.............................................................IC-B Kay Realty Services LLC.............................................. 10B KW Comm’l.- The James Balliet Grp............................. 2B Land Dimensions Engineering ....................................... 9C Landcore Engineering Consultants, P.C. ....................... 7B Levin Management ....................................................... 13B Liberty Property Trust................................................BC-C LMS Commercial Real Estate ...................................... 11B M. Miller & Son ............................................................... 3A Madison Commercial Real Estate Services ...............FC-B Manko Gold Katcher Fox LLP........................................ 7B Marcus & Millichap Taylor Zang.............................. 2B,5B Martin Architectural ....................................................... 5B Metro Commercial Real Estate, Inc. ............................ 10B Metropolis Capital Finance ............................................ 8A Montecalvo..................................................................... 14C Motleys............................................................................. 5A Nave Newell .................................................................... 4B NorthMarq....................................................................... 3A PennCap Properties ...................................................... 20B Perlmutter Properties, Inc........................................ IBC-B PlymouthRockEnergy ............................................... IBC C Poskanzer Skott Architects........................................... 10A RBS Citizens................................................................BC-A RD Management LLC ..............................................16-17B RestoreCore ................................................................... 17C River Drive Construction.............................................. 15A Shah Electric & Builder, Inc......................................... 10A Silbert Realty & Management Co., Inc. ......................... 6B Target Building Construction....................................... 20B The Azarian Group, L.L.C. ............................................. 1B The Aztec Corp./Aztec Architects LLC ........................... 6C Thesing Companies ....................................................... 12A USAArchitects .............................................................. 15C Vanatage ........................................................................ 11A Vantage Landscaping...................................................... 8A Warfel Construction ........................................................ 6B Weiner Lesniak LLP ....................................................... 2C Whitestone Associates, Inc. ............................................ 9B WP Realty ........................................................................ 3B MAREJ A DVERTISERS D IRECTORY
Mid Atlantic R EAL E STATE J OURNAL Publisher ............................................................................Linda Christman Co-Publisher .........................................................................Joe Christman Section Publisher ..............................................................Michael Campisi Section Publisher ................................................................Elaine Fanning Senior Editor/Graphic Artist ................................................ Karen Vachon Graphic Artist/Social Media Specialist ............................ Rachel Rugman Office Manager ...................................................................Joanne Gavaza Editorial Consultant ............................................................. Ben Summers Contributing Columnist .................................................. Howard R. Majev Mid Atlantic R EAL E STATE J OURNAL ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 24 Issue 22 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com
Mid Atlantic Real Estate Journal
By Howard R. Majev Measured optimism is the mood at Real Estate Conference
W
hen my law firm, Saul Ewing LLP, launched its first
Mid-Atlantic Real Estate Conference in Baltimore in 2009, the outlook for the in- dustry was grim. The bubble in the market had burst and developers were hav- ing great difficulty securing financing. What a difference a few years make. Listening to in- dustry players at our 4th an- nual conference last month at the Baltimore Convention Center, I gleaned that they had learned some important lessons. Even in a down market, they had discovered they could find opportuni- ties. However, they realized that they had to pick their opportunities carefully and finance them in ways to protect themselves against potential risks that remain. I’d call that cautious opti- mism, which sounds pretty good considering the hurdles that everyone in the in-
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
dustry, including investors, advisors, financiers and law- yers have had to overcome. Although I wouldn’t say the real estate market is completely healthy, it is cer- tainly re-gaining some of its health. If you are still prone to feel pessimistic, our keynote speaker, Richard S. Sokolov, Chief Operating Officer of Simon Property Group, Inc., helped put the down side of the market in perspective by documenting the cyclical nature of real estate over the past 35 years. Despite a his-
tory of higher interest rates, credit freezes, the emergence of online shopping, the fi- nancial meltdown and many other factors, Simon has survived predictions of the demise of the shopping mall and has grown to become one of the largest real estate companies in the world. Si- mon owns or has an inter- est in 333 retail real estate properties in North America and Asia. One key, Sokolov said, has been making certain that each of its properties has Continued on page 6A
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