Yesterday morning, NAIOP invited CEOs from industrial brokerages and investors throughout the Midwest to Riverway Auditorium to share their “View From the Top.” (Shouldn’t the ones at the “top” get the leather chairs from the previous story?) Transwestern Investment Corp.'s Jim Kammert and CenterPoint Properties' Mike Mullen talked about CenterPoint growing in the intermodal business while hoping for government money to improve infrastructure. All the panelists emphasized they're looking at green initiatives.
Duke Realty's Denny Oklak and First Industrial Real Estate Trust's Bruce Duncan say interest rates are at 0% means that the world is still sick, and it will take 12-24 months to get better. Denny adds that bringing industrial buildings up to 90% leased, from the current 82%, will increase cash flow and potentially create more investors. Have a great weekend!