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 > News and Events > Riggs Elected 2010 Second Vice Chair: Headed for CRE Chairmanship
Riggs Elected 2010 Second Vice Chair: Headed for CRE Chairmanship
Kenneth P. Riggs, Jr., CRE, has been elected 2010 second vice chair of The Counselors of Real Estate, setting him on the path for the 2012 CRE chairmanship.
Elected at The Counselors of Real Estate's recent 2009 Midyear Meetings in New York City, Riggs is expected to serve as CRE first vice chair in 2011.
"I am honored, humbled and appreciative to be chosen at this critical juncture to help lead the organization in the post credit crisis era and during this period when we embrace a new strategic plan," said Riggs. "This is a challenging world that we live in, and together we shoulder the profound changes that will impact the real estate industry and the organization during the years ahead."
Riggs joined The Counselors in 1995, and has served on various committees including education, executive, strategic planning, leadership, international, and budget/finance, among others. He also has served on the Board of Directors.
As president and CEO of Real Estate Research Corporation (RERC), Chicago, since 1991, Riggs' specialties include independent fiduciary services, investment research, and institutional valuation strategies, with a focus on providing clients and the industry overall with an analytical but practical approach to commercial real estate investment. He serves as publisher of the RERC Real Estate Report and the RERC/CCIM Investment Trends Quarterly and as co-publisher of the annual forecast report, Expectations & Market Realities in Real Estate. In 2007, Riggs was named one of real estate's 25 most influential thought leaders by the National Association of REALTORS®. he holds a master's degree in business administration with a concentration in finance and statistics from the University of Chicago Graduate School of Business.