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…
2010 To Be Another Tough Year
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.
Dealing with a Distressed Market
As the process of repricing and an increasing number of distressed properties create more uncertainty for investors, commercial real estate is facing its greatest challenges since the 1990s. What should investors expect over the near term?
The Impact of Cap Rates on Values
From a pricing and value perspective, the institutional commercial equity real estate markets are facing headwinds that were never imagined a couple years ago. RERC's required cap rates have increased and now stand at 8.4 percent, which is very close to the level recorded in first quarter 2004. The question is, how much further--if at all--will they increase? (The complete article, "Valuation Navigates Steep Cliffs," is provided in the summer 2009 issue of the RERC Real Estate Report.)
Home > About RERC > News and Events > Riggs Appointed Chief Real Estate Economist
Riggs Appointed Chief Real Estate Economist
Ken Riggs has been named chief real estate economist for the CCIM Institute. In addition to his continued role as president and CEO of RERC, Riggs will be responsible for addressing CCIM members at the annual fall meeting and through quarterly podcasts, conducting webinars through the CCIM Institute’s Ward Center for Real Estate Studies, providing analysis and forecast commentary to the media, and authoring the annual forecast article for the Institute's Commercial Investment Real Estate magazine.
Riggs, president and CEO of Real Estate Research Corporation (RERC), has been a Certified Commercial Investment Member (CCIM) since 2005. He holds an MBA with a concentration in finance and statistics from the University of Chicago Graduate School of Business. In addition to earning the CCIM designation in 2005, he received the CRE designation from the Counselors of Real Estate in 1995 and the FRICS designation from the Royal Institution of Chartered Surveyors in 2004. He also earned the CFA® designation from the CFA Institute (formerly known as the Association for Investment Management and Research/AIMR) in 2000, and the MAI designation from the Appraisal Institute in 1987. Several years ago, the National Association of REALTORS® named him as one of real estate’s 25 most influential thought leaders.
Under Riggs’ leadership, RERC provides research services, valuation management, strategic consulting, independent fiduciary services, web-based management services for property portfolios, and litigation support for the commercial real estate industry. In addition to directing the firm’s business ventures, Riggs serves as publisher of the RERC Real Estate Report and the RERC/CCIM Investment Trends Quarterly, a research- and transaction-based report produced by RERC for members of the CCIM Institute, and as co-publisher of the annual forecast report, Expectations & Market Realities in Real Estate.