A MESSAGE FROM THE CCIM INSTITUTE 2024 GLOBAL PRESIDENT, D'ETTA CASTO-DELEON, CCIM

Welcome to the fall edition of CCIM Connections! This issue dives into the transformative realm of smart buildings and technologies reshaping commercial real estate. Inspired by the futuristic vision of The Jetsons, our cover story, “Smart Buildings Keep Getting Smarter” highlights how advanced technologies like IoT and AI are revolutionizing our industry.

Imagine controlling building access remotely. Picture a building that adjusts its HVAC system based on weather or an apartment with automated emergency systems and face recognition access control. Whether it's hotel room delivery robots to automated parking garages, these innovations are now a reality, enhancing building efficiency and performance.

Our cover story delves into how these smart technologies boost energy efficiency, meet environmental goals, and attract tenants, illustrating their significant impact on property value and sustainability. The smart building technology market is booming, with projections reaching $256.18 billion by 2033.

We also explore a critical legal shift in "Supreme Court Overturns Chevron Doctrine, Reshaping CRE Regulation." This landmark decision revokes the Chevron deference doctrine, shifting regulatory power from agencies to federal courts, which could lead to significant legal challenges affecting zoning, environmental regulations, and fair housing laws.

Additionally, we spotlight the Currently Commercial: Trending Topics in Commercial Real Estate education series. These monthly education sessions, hosted by The CCIM Institute, offer valuable insights and practical strategies to stay competitive in a rapidly evolving field. They provide an excellent opportunity for continued learning and engagement with industry leaders.

In our “Dealmakers” section, we celebrate our Biggest Deal, Brian Resendez, CCIM, of SVN | Bluestone, for representing the seller in a notable $22.5 million transaction of Ashland Hills Hotel, LLC—a significant achievement in our CCIM community.

As the industry evolves, staying informed and adaptable is key. We hope this issue provides inspiration and valuable insights for navigating these changes.■