3/10/2010 1 Old Dominion University Hampton Roads Real Estate Market Review and Forecast 2010 2010 Presented by: E.V. Williams Center for Real Estate and Economic Development John R. Broderick, President Nancy Bagranoff, DBA; Dean, College of Business & Public Administration, Old Dominion University Industry Professional Advisors to the Center (IPAC) Honorary Member Robert M. Stanton, CSM and CPM, Stanton Partners, Inc. Jeff Ainslie, Ainslie Group G. Robert Aston, Jr., TowneBank Ramon W. Breeden, Jr., The Breeden Company Sanford (Sandy) M. Cohen, Divaris Real Estate, Inc. Michael Newsome, Clark Whitehill Enterprises, Inc. Harrison J. Perrine, Perrine Investments Don Perry, Continental Development Victor L. Pickett, Grandbridge Real Estate Capital, LLC Thomas E. Robinson, Robinson Development Group Jim V. Rose, Rose & Womble Realty Co., LLC Bradley R. Sanford, MAI, Dominion Realty Advisors Craig Cope, Liberty Property Trust Cecil V. Cutchins, Olympia Development Corporation Robert L. Dewey, Willcox & Savage, PC Thomas M. Dillon, Fulton Bank N. Joseph Dreps, BB&T Pamela J. Faber, LeClair Ryan Joel T. Flax, CPA, Goodman & Company David M. Gianascoli, Gee's Group Real Estate Development John L. Gibson, III, Ellis-Gibson Development Group Warren Harris, City of Virginia Beach Economic Development Aubrey L. Layne, Jr., Great Atlantic Management, LLC Miles B. Leon, S. L. Nusbaum Realty Company Michael W. McCabe, Harvey Lindsay Commercial Real Estate Burrell F. Saunders, CMSS Architects, PC Reese Smith, Reese Smith & Associates Tony Smith, Robinson Development Group Deborah K. Stearns, CPM, SIOR, Harvey Lindsay Commercial Real Estate Richard Thurmond, William E. Wood Jon S. Wheeler, Wheeler Interests Robert T. Williams, Tri City Developers, LLC Rod Woolard, City of Norfolk Economic Development Steven Wright, City of Chesapeake Economic Development CREED Council J. Scott Adams, CB Richard Ellis of Virginia, Inc. Tom Atherton, MEB General Contractors Jim Bradshaw, Woolpert LLP Stewart Buckle, II, The Morgan Real Estate Group M. Albert Carmichael, Harvey Lindsay Commercial Real Estate W. Page Cockrell, Hurt & Proffitt David Collier, First Atlantic Restoration Lawrence J. Colorito, Jr., MAI, Axial Advisory Group, LLC Hahns L. Copeland, DARVA Group LLC Ann K. Crenshaw, Kaufman & Canoles, PC Don Crigger, CCIM, CB Richard Ellis Jon R. Crunkleton, Old Dominion University Rennie Richardson, Richardson Real Estate Corporation Maureen G. Rooks, Thalhimer/Cushman & Wakefield Jim V. Rose, Rose & Womble Realty Company, LLC J. Randy Royal, Kimley-Horn and Associates Robert J. Ruhl, City of Virginia Beach Economic Development Stephanie Sanker, S. L. Nusbaum Realty Co. Paula J. Shendow, Wireless Capital Partners Robert M. Sherman, III, CPM, Harrison & Lear Inc. Realtors Kenneth Sisk, P.E., Bowman Consulting Group Anthony W. Smith, Robinson Development Group Dorcas T. Helfant-Browning, DTH Properties, LLC Virginia P. Henderson, MAI, Commercial First Appraisers, LLC Charles Hutchison, Vanasse Hangen Brustlin, Inc. Michael A. Inman, Inman & Strickler, P.L.C. Cherie James, Wall, Einhorn & Chernitzer, P.C. Terry Johnson, Abbitt Realty Mallory Kahler, City of Portsmouth Economic Development E. Andrew Keeney, Kaufman & Canoles, P.C. R.I. King, II, Thalhimer/Cushman & Wakefield William E. King, SIOR, Harvey Lindsay Commerical Real Estate Kim Curtis, Tidewater Home Funding William G. Darden, Hearndon Construction Company George C. Davis, West Neck Community Association Laura B. de Graaf, Bank of America Michael Divaris, Divaris Real Estate, Inc. Helen Dragas, The Dragas Companies Brian Dundon, Dundon & Associates Frederick D. Facka, Tuckahoe Asset Management Sandra Ferebee, GSH Residential Sales Brian E. Gordineer, A.A.S., City of Hampton, Office of the Assessor Howard E. Gordon, Williams Mullen Dennis W. Gruelle, Appraisal Consultation Group Jonathan S. Guion, SIOR, Jonathan Commercial Properties Elizabeth O. Hancock, Office of Real Estate Assessor, City of Norfolk Russell G. Hanson, Jr., Hanson Capital, LLC Carl Hardee, Lawson Realty Corporation John Harry, John C. Harry, Inc. Anthony W. Smith, Robinson Development Group Jeremy R. Starkey, Monarch Capital, LLC Daniel R. Stegall, Daniel Richard Stegall, PC Terrie L. Suit, Williams Mullen Leo Sutton, Historic Ventures, LLC Michael Sykes, Bank of America Robert M. Thornton, CRE, CCIM, SIOR, Thalhimer/Cushman & Wakefield William C. Throne, SIOR, CCIM, ALC, Thalhimer/Cushman & Wakefield Jamie Tollenaere, Clancy & Theys Construction Stewart Tyler, ASA, Righy of Way Acquisitions & Appraisals George D. Vick, III, Harvey Lindsay Commercial Real Estate Edward W. Ware, Norfolk Redevelopment & Housing H. Mac Weaver, II, Wells Fargo Real Estate Group Edward M. Williams, William E. Wood & Associates F. Blair Wimbush, Norfolk Southern Corporation Peter E. Winters, Jr., Axial Advisory Group, LLC Chris Wood, JD & W John Wright, Waverton Associates Estate April Koleszar, Koleszar Properties, Inc. Barry M. Kornblau, Summit Realty Group, Inc. Tyler Leinbach, Meredith Construction Company, Inc. John R. (Jack) Lewis, II, ECS Mid-Atlantic, LLC Harvey Lindsay, Jr., Harvey Lindsay Commercial Real Estate Susan Long-Molnar, Managing Communications Consulting Jeffrey R. Mack, The CIM Group Lauren Marsh, Frye Properties Mike Mausteller G. Cliff Moore, Virtexco Corporation Michael Nice, George Nice and Sons, Inc. Thomas O'Grady, KBS, Inc. James N. Owens, CCIM, Harvey Lindsay Commercial Real Estate Robert L. Philips, Jr., Thalhimer/Cushman & Wakefield Victor L. Pickett, Grandbridge Real Estate Sandra Prestridge, City of Norfolk Economic Development Chris Read, CB Richard Ellis F. Craig Read, Read Commercial Properties John C. Richards, Jr., CB Richard Ellis/Melody & Co. Executive Committee Executive Committee Chair Brad Sanford Director John Lombard Program Chair Stephanie Sanker Publications Chair Brian Dundon Membership Chair Craig Cope Curriculum Co‐Chairs Jon Crunkleton, Brad Sanford Sponsorship Chair Fred Facka By‐Laws Chair Andrew Keeney Past Chair Tom Dillon At‐Large Jonathan Guion Billy King Aubrey Layne
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3/10/2010
1
Old Dominion University Hampton Roads Real Estate Market Review and Forecast
20102010
Presented by: E.V. Williams
Center for Real Estate and Economic Development John R. Broderick, President
Nancy Bagranoff, DBA; Dean, College of Business & Public Administration, Old Dominion University
Industry Professional Advisors to the Center (IPAC)
Honorary Member
Robert M. Stanton, CSM and CPM, Stanton Partners, Inc.
Jeff Ainslie, Ainslie Group
G. Robert Aston, Jr., TowneBank
Ramon W. Breeden, Jr., The Breeden Company
Sanford (Sandy) M. Cohen, Divaris Real Estate, Inc.
Michael Newsome, Clark Whitehill Enterprises, Inc.
Harrison J. Perrine, Perrine Investments
Don Perry, Continental Development
Victor L. Pickett, Grandbridge Real Estate Capital, LLC
Thomas E. Robinson, Robinson Development Group
Jim V. Rose, Rose & Womble Realty Co., LLC
Bradley R. Sanford, MAI, Dominion Realty AdvisorsCraig Cope, Liberty Property Trust
Cecil V. Cutchins, Olympia Development Corporation
Robert L. Dewey, Willcox & Savage, PC
Thomas M. Dillon, Fulton Bank
N. Joseph Dreps, BB&T
Pamela J. Faber, LeClair Ryan
Joel T. Flax, CPA, Goodman & Company
David M. Gianascoli, Gee's Group Real Estate Development
John L. Gibson, III, Ellis-Gibson Development Group
Warren Harris, City of Virginia Beach Economic Development
Aubrey L. Layne, Jr., Great Atlantic Management, LLC
Miles B. Leon, S. L. Nusbaum Realty Company
Michael W. McCabe, Harvey Lindsay Commercial Real Estate
y , , y
Burrell F. Saunders, CMSS Architects, PC
Reese Smith, Reese Smith & Associates
Tony Smith, Robinson Development Group
Deborah K. Stearns, CPM, SIOR, Harvey Lindsay Commercial Real Estate
Richard Thurmond, William E. Wood
Jon S. Wheeler, Wheeler Interests
Robert T. Williams, Tri City Developers, LLC
Rod Woolard, City of Norfolk Economic Development
Steven Wright, City of Chesapeake Economic Development
CREED CouncilJ. Scott Adams, CB Richard Ellis of Virginia, Inc.
Tom Atherton, MEB General Contractors
Jim Bradshaw, Woolpert LLP
Stewart Buckle, II, The Morgan Real Estate Group
M. Albert Carmichael, Harvey Lindsay Commercial Real Estate
W. Page Cockrell, Hurt & Proffitt
David Collier, First Atlantic Restoration
Lawrence J. Colorito, Jr., MAI, Axial Advisory Group, LLC
Hahns L. Copeland, DARVA Group LLC
Ann K. Crenshaw, Kaufman & Canoles, PC
Don Crigger, CCIM, CB Richard Ellis
Jon R. Crunkleton, Old Dominion University
Rennie Richardson, Richardson Real Estate Corporation
Maureen G. Rooks, Thalhimer/Cushman & Wakefield
Jim V. Rose, Rose & Womble Realty Company, LLC
J. Randy Royal, Kimley-Horn and Associates
Robert J. Ruhl, City of Virginia Beach Economic Development
Stephanie Sanker, S. L. Nusbaum Realty Co.
Paula J. Shendow, Wireless Capital Partners
Robert M. Sherman, III, CPM, Harrison & Lear Inc. Realtors
Kenneth Sisk, P.E., Bowman Consulting Group
Anthony W. Smith, Robinson Development Group
Dorcas T. Helfant-Browning, DTH Properties, LLC
Virginia P. Henderson, MAI, Commercial First Appraisers, LLC
Charles Hutchison, Vanasse Hangen Brustlin, Inc.
Michael A. Inman, Inman & Strickler, P.L.C.
Cherie James, Wall, Einhorn & Chernitzer, P.C.
Terry Johnson, Abbitt Realty
Mallory Kahler, City of Portsmouth Economic Development
E. Andrew Keeney, Kaufman & Canoles, P.C.
R.I. King, II, Thalhimer/Cushman & Wakefield
William E. King, SIOR, Harvey Lindsay Commerical Real Estate
Kim Curtis, Tidewater Home Funding
William G. Darden, Hearndon Construction Company
George C. Davis, West Neck Community Association
Laura B. de Graaf, Bank of America
Michael Divaris, Divaris Real Estate, Inc.
Helen Dragas, The Dragas Companies
Brian Dundon, Dundon & Associates
Frederick D. Facka, Tuckahoe Asset Management
Sandra Ferebee, GSH Residential Sales
Brian E. Gordineer, A.A.S., City of Hampton, Office of the Assessor
Howard E. Gordon, Williams Mullen
Dennis W. Gruelle, Appraisal Consultation Group
Jonathan S. Guion, SIOR, Jonathan Commercial Properties
Elizabeth O. Hancock, Office of Real Estate Assessor, City of Norfolk
Russell G. Hanson, Jr., Hanson Capital, LLC
Carl Hardee, Lawson Realty Corporation
John Harry, John C. Harry, Inc.
Anthony W. Smith, Robinson Development Group
Jeremy R. Starkey, Monarch Capital, LLC
Daniel R. Stegall, Daniel Richard Stegall, PC
Terrie L. Suit, Williams Mullen
Leo Sutton, Historic Ventures, LLC
Michael Sykes, Bank of America
Robert M. Thornton, CRE, CCIM, SIOR, Thalhimer/Cushman & Wakefield
William C. Throne, SIOR, CCIM, ALC, Thalhimer/Cushman & Wakefield
Jamie Tollenaere, Clancy & Theys Construction
Stewart Tyler, ASA, Righy of Way Acquisitions & Appraisals
George D. Vick, III, Harvey Lindsay Commercial Real Estate
Edward W. Ware, Norfolk Redevelopment & Housing
H. Mac Weaver, II, Wells Fargo Real Estate Group
Edward M. Williams, William E. Wood & Associates
F. Blair Wimbush, Norfolk Southern Corporation
Peter E. Winters, Jr., Axial Advisory Group, LLC
Chris Wood, JD & W
John Wright, Waverton Associates
Estate
April Koleszar, Koleszar Properties, Inc.
Barry M. Kornblau, Summit Realty Group, Inc.
Tyler Leinbach, Meredith Construction Company, Inc.
John R. (Jack) Lewis, II, ECS Mid-Atlantic, LLC
Harvey Lindsay, Jr., Harvey Lindsay Commercial Real Estate
Susan Long-Molnar, Managing Communications Consulting
Jeffrey R. Mack, The CIM Group
Lauren Marsh, Frye Properties
Mike Mausteller
G. Cliff Moore, Virtexco Corporation
Michael Nice, George Nice and Sons, Inc.
Thomas O'Grady, KBS, Inc.
James N. Owens, CCIM, Harvey Lindsay Commercial Real Estate
Robert L. Philips, Jr., Thalhimer/Cushman & Wakefield
Victor L. Pickett, Grandbridge Real Estate
Sandra Prestridge, City of Norfolk Economic Development
Chris Read, CB Richard Ellis
F. Craig Read, Read Commercial Properties
John C. Richards, Jr., CB Richard Ellis/Melody & Co.
Executive CommitteeExecutive Committee
Chair Brad Sanford
Director John Lombard
Program Chair Stephanie Sanker
Publications Chair Brian Dundon
Membership Chair Craig Cope
Curriculum Co‐Chairs Jon Crunkleton, Brad Sanford
Sponsorship Chair Fred Facka
By‐Laws Chair Andrew Keeney
Past Chair Tom Dillon
At‐Large Jonathan Guion
Billy King
Aubrey Layne
3/10/2010
2
Market Review CommitteeMarket Review Committee
Industrial Bill Throne and Stephanie Sanker
Office Scott Adams
Retail David Machupa and David ChapmanRetail David Machupa and David Chapman
Multi‐family Charles Dalton/Real Data
Residential Blair Hardesty and Van Rose
Investment Scott Adams
Publications Committee
Brian Dundon
Nancy Gossett
Elizabeth Hancock
Sandi Prestridge
Maureen Rooks
Brad SanfordElizabeth Hancock
Janice Hurley
Joy Learn
Brad Sanford
Lane Shea
Kristi Sutphin
Special thank you to
Inside Business
for their sponsorship
over the past seven years.
Program Moderator
Michael J. Seiler, Ph.D.Professor and
Robert M. Stanton Chair of Real Estate and Economic Development
Investment Market Review
Presented By:
J. Scott Adams, CCIMJ. Scott Adams, CCIMPresident, Mid-South Region
March 10, 2010
Investment Market Review
Trends in Property Sales (DOWN!)• Nationally• Hampton Roads
Trends in Distressed Assets (UP!)
TOPICS TO COVER
CB Richard Ellis | Page 12
The Lending Market Today (IT DEPENDS)
Commercial Real Estate as an Investment Class(A WINNER OVER THE LONG TERM)
3/10/2010
3
Trends in Property Sales Nationally
National Sales Transactions of $5 Million or Greater
$250,000,000
$300,000,000
$350,000,000
$400,000,000
$450,000,000
$500,000,000
$443.4 Billion
CB Richard Ellis | Page 13
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
2007 2008 2009
$135.4 Billion
$51.1 Billion
Source: Real Capital Analytics
$600 000 000
$800,000,000
$1,000,000,000
$1,200,000,000
Local Sales Transactions of $5 Million or Greater
$602.3 Million
$1.083 Billion
Trends in Property Sales Hampton Roads
CB Richard Ellis | Page 14
$0
$200,000,000
$400,000,000
$600,000,000
2007 2008 2009
$139.5 Million
Source: CB Richard Ellis Market Research
2009 Top Local Sales Transactions: Multi-Family
Springhouse @ Newport The Townes @ Jones Run
CB Richard Ellis | Page 15
Woodshire Apartments
Harbour View East
2009 Top Local SalesTransactions: Retail
CB Richard Ellis | Page 16
London Bridge Shopping Center
2009 Top Local Sales Transactions: Retail
CB Richard Ellis | Page 17
2009 Top Local Sales Transaction: OfficeLynnwood Plaza
CB Richard Ellis | Page 18
3/10/2010
4
Trends in Distressed Assets
WHAT IS A “DISTRESSED ASSET”?
A loan default has occurred or is imminent
CB Richard Ellis | Page 19
and/or
The owner/sponsor of the asset is bankrupt or faces financial trouble
Trends in Distressed Assets
CB Richard Ellis | Page 20
The Lending Market TodayHOW IS THE LENDING MARKET TODAY?
It Depends!
1) By Property Type
Multi-Family vs. all other Property Types
2) By Asset StabilityStable Positive Cash Flow
CB Richard Ellis | Page 21
Stable Positive Cash Flow
vs.
Unstable Positive or Negative Cash Flow
3) By Investor Type (For Office and Industrial Assets)
Owner-Occupants vs. Traditional Investors
Commercial Real Estate vs. Stocks and BondsHigher Returns for real estate over a 5 and 10 year hold period
Commercial Real Estate as an Investment
CB Richard Ellis | Page 22
Source: NCREIF, Delta Associates; January 2010: for 12 month periods ending September 2009.
Commercial Real Estate as an Investment
CB Richard Ellis | Page 23
GAME PLAN FOR SUCCESSFOR SERVICE PROVIDERS
Be sensitive to the stress on real estate owners
Educate our clients with fresh, thorough information
Norfolk Commerce Park: 38.41%Isle of Wight: 28.45%Suffolk: 19.13%
12.94%12.94%
2009 ODU / CREED INDUSTRIAL REVIEW
44
Second Number:
44
2009 ODU / CREED INDUSTRIAL REVIEW
Rental Rate a Landlord would love to get fordistribution space
Second Number:
$4.00 NNN $4.00 NNN psfpsf/yr/yr
distribution space
2009 ODU / CREED INDUSTRIAL REVIEW
Rental Rate a Landlord would love to get fordistribution space
Second Number:
*This will remain something of a benchmark for warehouse space.
*Market rents for other subgroups will cluster around:
$4.75-$5.75 NNN for general industrial$5.50-$6.50 NNN for higher rent submarkets
$4.00 NNN $4.00 NNN psfpsf/yr/yr
distribution space
3/10/2010
8
2009 ODU / CREED INDUSTRIAL REVIEW
44
Second Number:
44
2009 ODU / CREED INDUSTRIAL REVIEW
The number of predictionsI got wrong last year:
Second Number:
44
I got wrong last year:
2009 ODU / CREED INDUSTRIAL REVIEW
The number of predictionsI got wrong last year:
Second Number:
44
I got wrong last year:
1. GVA Advantis is bullish for 2009.
2009 ODU / CREED INDUSTRIAL REVIEW
The number of predictionsI got wrong last year:
Second Number:
44
I got wrong last year:
1. GVA Advantis is bullish for 2009.2. There are two big deals about to be announced in the market.
2009 ODU / CREED INDUSTRIAL REVIEW
The number of predictionsI got wrong last year:
Second Number:
44
I got wrong last year:
1. GVA Advantis is bullish for 2009.2. There are two big deals about to be announced in the market.3. The local industrial market is healthy with a modestly successful
2009.
2009 ODU / CREED INDUSTRIAL REVIEW
The number of predictionsI got wrong last year:
Second Number:
44
I got wrong last year:
1. GVA Advantis is bullish for 2009.2. There are two big deals about to be announced in the market.3. The local industrial market is healthy with a modestly successful
2009.4. Vacancy rates are not expected to rise.
3/10/2010
9
2009 ODU / CREED INDUSTRIAL REVIEW
The number of ‘big’ deals in the market this year:
Second Number:
44
this year:
1. Virginia Beach2. Chesapeake3. Norfolk4. Suffolk
2009 ODU / CREED INDUSTRIAL REVIEW
1010
Third Number:
1010
2009 ODU / CREED INDUSTRIAL REVIEW
Wish list for additional building sales in 2010:
Third Number:
101010 10 more than last year!more than last year!
2009 ODU / CREED INDUSTRIAL REVIEW
1010Wish list for additional building sales in 2010:
Third Number:
10 10 more than last year!more than last year!
*2009 had 20 industrial building sales compared to 34 for 2008,or a 42% reduction in sales volume.
*2009 average sales price: $69.18 per square foot.*2008 average sales price: $70.89 per square foot.*Financing will become even more of a challenge.
2009 ODU / CREED INDUSTRIAL REVIEW
1010
Third Number:
1010
2009 ODU / CREED INDUSTRIAL REVIEW
10%10%Hopeful for a vacancy rate in 2010 of:
Third Number:
10% 10% +1%? +2%?+1%? +2%?
1. Ford Plant sold? 2.3 million square feet off the market.2. One large warehouse deal, please?3. NO INDUSTRIAL LAND SALES IN 2009.4. No speculative development.
1. More general manufacturing properties may come to market.
3/10/2010
10
2009 ODU / CREED INDUSTRIAL REVIEW
1010
Third Number:
1010
2009 ODU / CREED INDUSTRIAL REVIEW
How can I be successful in:
Third Number:
202010?10?1. You have to search for the hard-to-find eggs…
2009 ODU / CREED INDUSTRIAL REVIEW
How can I be successful in:
Third Number:
202010?10?1. You have to search for the hard-to-find eggs…2. Get your equity piece secure.
2009 ODU / CREED INDUSTRIAL REVIEW
How can I be successful in:
Third Number:
202010?10?1. You have to search for the hard-to-find eggs…2. Get your equity piece secure.3. Treat good tenants like the partners they are.
2009 ODU / CREED INDUSTRIAL REVIEW
How can I be successful in:
Third Number:
202010?10?1. You have to search for the hard-to-find eggs…2. Get your equity piece secure.3. Treat good tenants like the partners they are.4. Stay in touch with your lenders.
2009 ODU / CREED INDUSTRIAL REVIEW
How can I be successful in:
Third Number:
202010?10?1. You have to search for the hard-to-find eggs…2. Get your equity piece secure.3. Treat good tenants like the partners they are.4. Stay in touch with your lenders.5. Keep your sense of humor.
3/10/2010
11
2009 ODU / CREED INDUSTRIAL REVIEW
How can I be successful in:
Third Number:
202010?10?1. You have to search for the hard-to-find eggs…2. Get your equity piece secure.3. Treat good tenants like the partners they are.4. Stay in touch with your lenders.5. Keep your sense of humor.6. You want your friends to stay friends…
Hampton Roads Hampton Roads Employment to Permit RatioEmployment to Permit Ratio
5 000
10,000
15,000
20,000
0 0
1.0
2.0
3.0
-15,000
-10,000
-5,000
0
5,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
-4.0
-3.0
-2.0
-1.0
0.0
Change in Employment Permits Issued E/P RatioData Sources: Bureau of Economic Analysis, Bureau of Labor Statistics U.S. Census Bureau (Permits)- 2009 #'s are Preliminary
IF YOU IF YOU
BUILD IT…BUILD IT…
THEY WILL THEY WILL
COMECOME
3/10/2010
22
33
$368,048
# 5
45
$237,438
# 4 Riverwalk Townes
46
$252,617
# 3
62
$382,456
# 2
83
$180,506
# 1
92
$208,695
3/10/2010
23
AND THEAND THE
Hampton Roads
Top 5 Builders
WINNERS WINNERS
ARE……..ARE……..
Source:
# 5
93
# 4
98
# 3
133
# 2
154
# 1
233
3/10/2010
24
Closing
Bradley R. Sanford, MAI
Ch i E ti C ittChair, Executive Committee
E. V. Williams Center for
Real Estate and Economic Development
CREED Membership
Interested???
Please send a note of interest to thePlease send a note of interest to the Membership Chair, Craig Cope ([email protected])
Old Dominion University Hampton Roads Real Estate
Thank you for attending!Thank you for attending!
Please Join Us for the ReceptionPlease Join Us for the Reception