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FIRST COAST REAL ESTATE ECONOMIC BUILDING A MORE VIBRANT JACKSONVILLE Presented by Sponsored by Event Production 2 jacksonville.bizjournals.com ■ THE BUSINESS JOURNAL FIRST COAST REAL ESTATE ECONOMIC OUTLOOK GUIDE MARCH 29-APRIL 4, 2013 17th Annual First Coast Real Estate Economic Outlook Committee 2013 EVENT CHAIR Linda Daniels, CCIM Pete Gentry Norman W. Gregory, Commercial Real Glenn East John Fish CCIM Estate Solutions Northeast Florida Midtwon Center Florida Commercial Real Estate Services St. John’s County (904) 304-7222 Association of Realtors Office Park (904) 394-9494 (904) 421-2612 (904) 470-0010 Economic Development Council (904) 699-3848 Sandra C Kahle, Celeta McClamma Sarah Haneke Patrica Owings David Sillick CCIM Northeast Florida The Business Journal Senior Broker Associate, The Business Journal KW Commercial Association of (904) 265-2212 Strategic Sites Clifford (904) 265-2203 (904) 838-6446 Realtors Commercial (904) 394-9494 (904) 242-2828 John T. Winkler, David C. Stubbs, CCIM Jennifer Trent Susy Turney Stephanie Winters CCIM Jacksonville Port Sight & Sound Florida Commercial The Business Winkler Real Estate Authority Productions Real Estate Services Journal Services (904) 357-3082 (904) 645-7880x121 (904) 470-0010 (904) 265-2211 (904) 229-7425 Please refer to the following pages for the Conference Agenda and Floor Plan. On behalf of the committee, we thank you for attending and hope you enjoy the conference. Please make sure to visit with our hosts in the exhibition hall. Their support helps make this conference a success. Thank you! We’d like to thank our Hosts of the 2013 Outlook Conference. Without your support this Conference would not be possible. • St. Johns County Board of County • Metro Market Trends • Sight & Sound Productions Inc. Commissioners • Florida Mitigation Providers LLC • Wells Fargo • Midtown Centre Office Park • Jacksonville Business Journal • Grubb & Ellis/Phonenix Realty Group MARCH 29-APRIL 4, 2013 FIRST COAST REAL ESTATE ECONOMIC OUTLOOK GUIDE jacksonville.bizjournals.com ■ THE BUSINESS JOURNAL 3 Welcome Messages Welcome to the seventh annual First Coast Commercial Real Estate and Economic Outlook Conference. The 2013 Outlook Conference is a direct result of collaborative efforts of the North District Florida CCIM Chapter, Commercial Alliance of Realtors (CAR), Jacksonville Business Journal, and Sight and Sound Productions, many volunteers and sponsors. Volunteers from these organizations unite their efforts As the economy begins its slow road to recovery, there will be annually with one goal in mind, to deliver precise economic information to a variety of opportunities for today’s real estate and business the Jacksonville business community. Accurate information is perquisite to the professionals. However, the past several years have, hopefully, foundation of a well-informed and prepared professional’s journey to achieve taught us the importance having the right information success, even more so, in today’s economy. to make pragmatic decisions, knowing where to look for The Outlook Conference theme for 2013 is Pillars of Growth, Building a More opportunities, and how to effectively get things done. In order Vibrant Jacksonville that provides the platform for the program’s delivery of to be successful in next generation, the importance of being target industries and how they influence the Pillars of Growth in the Jacksonville a well-informed and prepared professional has never been Commercial Real Estate market. clearer. The North Florida Outlook conference has long been an opportunity to learn from and network with some of First Mayor Alvin Brown will begin the conference by delivering an update of how his vision plan for Jacksonville has rallied the local real estate economy through Coast’s business leaders. This year’s conference theme- Pillars JAXUSA, and other unique programs within Mayor Brown’s business platform… of Growth provides a unique opportunity to learn more about aimed at growing Jacksonville’s economy and Building a More Vibrant the industries that will be the catalyst to growth in the next few Jacksonville. The program then accelerates the economic focus to deliver an years. international, national, state, and local perspective to Mayor Brown’s vision from George Ratiu, Commercial Economist with the National Association of Realtors (NAR). As the official Economists for NAR, Mr. Ratiu produces NAR’s quarterly The North district of the Florida CCIM Chapter appreciates Commercial Real Estate Outlook economic trend and forecast publication that your participation in the year’s Outlook Conference. We hope extend to the office, industrial, retail and multi-family sectors. His expertise in you gain a better understand several Pillars of Growth, and use economics, commercial real estate, investments, and mortgage foreclosure has your knowledge of them to have a prosperous 2013. If you need international reach in Eastern Europe. commercial real estate services, we encourage Keynote speaker this year will be Dr. William Rupp, Chief Executive Officer, you to get the best in the business, and hire a Mayo Clinic to discuss the State of Health & Life Science and its effect on the CCIM. If you are a real estate professional, we commercial real estate industry. invite you to explore the benefits of the CCIM designation. William R. Nicholson, Heritage Capital Group will deliver capital market update information utilizing his 35 years of diversified experience in the finance and commercial real estate industry. Chase Pattillo, CCIM Vice President – North Florida District Aaron Bowman, Senior Vice President of Business Development for JAXUSA Partnership will lead a panel discussion, targeting four industries and how they influence the “Pillars of Growth” - Advanced Manufacturing; Aviation & Aerospace; Information Technology; and Logistics. Sandra Kahle, CCIM, JE, PE, and Co-Chair Outlook Conference 2013 will lead a panel discuss of the Five Market Segments: Retail - Jayson Ryals, Colliers International; Office-Bruce Jackson, CBRE; Industrial-Bobby Gatlin, Grubb Ellis; Multi-family-James Pyle, LandSouth Construction; Residential-Antonio Crocco, MMT info. The Commercial Alliance of Realtors (CAR) is proud to be The 17th Annual Outlook Conference, committee, volunteers, sponsors, part of this 17th Annual 2013 First Coast Real Estate Economic speakers, and team of experts appreciate your support and participation in this year’s conference. We know you will leave the event filled with target specific Outlook Conference. CAR represents the commercial real information delivered by a team of professionals with one goal in mind, to estate division of the Northeast Florida Association of Realtors deliver the right information and knowledge, positioning you to be successful in (NEFAR) and is also a member of the National Association of the commercial real estate market. Realtors. Before you leave the event, we ask you to complete a comment card positioned Members enjoy the benefits of continuing education, at each table. Your comments feed the Outlook Conference Committee with tremendous backup support and a powerful lobbying ally valuable insight from the attendees and a guiding vision to plan for the next with both the National Association of Realtors and the Outlook Conference. For our goal, is to ensure the success of our attendees and Florida Association of Realtors. CAR members hosts. meet monthly with an emphasis on learning and opportunities for networking with fellow Thank you, commercial brokers. Linda L. Daniels, CCIM Pete Gentry 2013 Chairperson Commercial Alliance of Realtors Chair President North District CCIM Florida Chapter 4 jacksonville.bizjournals.com ■ THE BUSINESS JOURNAL FIRST COAST REAL ESTATE ECONOMIC OUTLOOK GUIDE MARCH 29-APRIL 4, 2013 17th Annual First Coast Real Estate Economic Outlook 2013 Program April 3, 2013 AgendA: FIRst BREAkout Session: “JAXUSA PResentAtion” - 10:00 AM All Events will be at University Center at UNF Aaron Bowman of JAXUSA will target specific industries and how they influence 7:00 am - Registration/Sponsor Exposition Opens the “Pillars of Growth”. 7:30 am - Breakfast 7:45 am - Opening Remarks - Linda Daniels, CCIM, Chair Outlook PRESENTED BY: Conference 2013 7:55 am - Mayor Speaks 8:05 am - Economist - George Ratiu, Economist, National Association of AARON BOWMAN Realtors Senior Vice President, 8:45 am - Keynote Speaker - Dr. William Rupp, Chief Executive Officer, Mayo JAXUSA Partnership Clinic 9:15 am - Break 9:45 am - Capital Update - William R. Nicholson, Heritage Capital Group 10:00 am - First Breakout Session: JAXUSA PRESENTATION “Pillars of Growth” second BREAkout Session: “ReAL EstAte MARkets” - 11:15 AM Aaron Bowman, Senior Vice President, JAXUSA Partnership Advanced Manufacturing - Christopher Kaniut, SAFT Aviation & Aerospace - TBD Information Technology - Jane Landon, Web.com Logistics - Cindy Schempp, Hoegh Autoliners, Inc 11:00 am - Break 11:15 am - Second Breakout Session - Sandra Kahle, CCIM, Co-Chair Outlook Conference 2013 12:30 pm - End of Conference RETAIL: OFFICE: INDUSTRIAL: JASON RYALS BRUCE JACKSON BOBBY GATLING First Vice DR. WILLIAM RUPP has served as Chief Executive Officer Principal, Colliers CCIM, First Vice at Mayo Clinic in Florida since November 2008, coming International President, CBRE President, Grubb & to Jacksonville from Luther Midelfort – Mayo Health Northeast Florida Ellis|Phoenix System. Dr. Rupp served five years as President and CEO of Realty Group Immanuel St. Joseph’s – Mayo Health System in Mankato,