Avoiding Risk in Today's Market
In this podcast, RERC CEO Kenneth P. Riggs Jr., who also serves as chief real estate economist for the CCIM Institute, discusses investor confidence, risk aversion strategies, and the outlook for the smaller tertiary markets. Listen to Ken as he notes that investors are doing their homework and due diligence, and are buying right and buying for the long term....
A Bifurcated Market
With more capital available from select sources and increased demand for less volatile investments, institutional-level commercial property prices are on an upward trend, states Ken Riggs, president and CEO of Real Estate Research Corporation and chief real estate economist for the CCIM Institute. However, in this CCIM Institute-sponsored podcast, he further explains that the commercial real estate market is increasingly divided, with some historically high prices being paid for institutional properties in top-tier markets, while other markets are seeing little or no transaction activity other than distressed property sales. Listen to Mr. Riggs discuss the challenges for investors in this bifurcated market...
Continuing on the Path to Recovery
In an abbreviated edition of his semi-annual podcast to members of the CCIM Institute, RERC's Ken Riggs noted that while investors remain nervous about the volatility we are seeing in the stock and bond markets, much equity is still sitting on the sidelines "looking for a home." Commercial real estate—and the reduced amount of risk associated with this investment alternative—is looking decidedly more attractive. Even so, investors are taking the time to “get it right” during this prolonged recovery period…
Tough Times Continue
RERC's Ken Riggs notes that while institutional real estate has been forced to mark to market and prices are close to bottoming out, the broader commercial real estate market still has a ways to go and it will take some time to "come clean." Listen to Riggs' view of what the industry and investors should expect in 2010 and beyond.
Home > About RERC > Senior Leadership > Steven W. Thompson
Steven W. Thompson
Managing Director
Steven Thompson rejoined Real Estate Research Corporation (RERC) in 2010, and serves as managing director of RERC Hospitality. In addition to bringing more than two decades of valuation expertise to RERC, much of his attention with RERC's hospitality specialty group is dedicated to growing the firm's consulting practice.
Mr. Thompson has been active in real estate consulting for more than 20 years, with the majority of those years dedicated to the hospitality industry. He originally worked with RERC from 1993 to 1997, focusing on appraising all commercial property types nationwide, including a variety of hotel assets. He then spent 8 years with Pinnacle Advisory Group, where he focused on appraising and consulting for hospitality-related properties. In 2005, Mr. Thompson joined Cushman & Wakefield's Hospitality and Gaming Group, where he directed valuation and consulting engagements, in addition to providing quality control oversight for the company's regional hospitality practice. Mr. Thompson's extensive experience includes appraisals and consulting engagements for more than 200 existing and proposed hotels, conference centers, and resorts across 35 states and in Washington, D.C.
Some of the more significant engagements Mr. Thompson has completed include: the 1,002-room JW Marriott San Antonio Hill Country Resort & Spa and the adjoining TPC San Antonio golf club; the Barton Creek Resort & Spa and the Barton Creek Country Club in Austin; the Seaview Golf Resort in Galloway, NJ; the Fairmont Scottsdale Princess Resort in Scottsdale; the Marriott Laguna Cliffs Resort in Dana Point, CA; La Toretta Lake Resort & Spa (formerly the Del Lago Resort) north of Houston; the Westfields International Conference Center in Chantilly, VA; a consulting study for the restoration of the historic Mountain View Grand Resort & Spa in Whitefield, NH; and many others. E-mail Mr. Thompson at sthompson@rerc.com.