Volume 72 Number 1
Spring 2013
PROFESSIONAL REPORT STAFF
Richard E. Hollander, SIOR, FRICS
Executive Vice President
Editor-In-Chief
Alexis Fermanis
Director and Editor-In-Chief
Michael Topp
International News
Evan Gardner
Chapter News
Member News
Young Professionals
Member to Member Transactions
Nick Kinni
Content, Layout, Art Editor
ADVERTISING
Direct all inquiries to
Alexis Fermanis
Director of Communications
SOCIETY OF INDUSTRIAL AND
OFFICE REALTORS®
202.449.8226
Professional Report feels that the information contained in this publication is accurate. However, the
information is not guaranteed and the SOCIETY OF
INDUSTRIAL AND OFFICE REALTORS® (SIOR) does not
assume any liability or responsibility for any damages, real or imagined, resulting from inaccurate
or erroneous information. Views expressed are not
necessarily those of SIOR.
Professional Report, a publication of the SOCIETY OF
INDUSTRIAL AND OFFICE REALTORS® (ISSN: 1067–4764)
is published quarterly by the SOCIETY OF INDUSTRIAL
AND OFFICE REALTORS® of the NATIONAL ASSOCIATION OF
REALTORS®, 1201 New York Avenue, NW, Suite 350,
Washington, DC 20005-6126. www.sior.com
Professional Report magazine is a benefit of
SIOR Membership. The member rate for additional subscriptions is $35.00. Non-member
yearly subscriptions are $45.00 (U.S.) and $55.00
(International). Advertising and subscription fees
are not considered charitable contributions.
Periodical postage is paid at Washington, DC,
and additional mailing offices. POSTMASTER:
Send address changes to Professional Report,
SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®, 1201
New York Avenue, NW, Suite 350, Washington, DC
20005-6126.
Copyright® 2013 SOCIETY OF INDUSTRIAL AND OFFICE
REALTORS®. No part of this publication may be reproduced in whole or in part without written permission.
Chapter & Member News
Direct all Member News items, event description, and Chapter News items to Michael Topp,
Membership Director, mtopp@sior.com
Reprints and Permissions
For permission to reprint material from
Professional Report, send a written request indicating material and issue date to Alexis Fermanis,
Director of Communications, afermanis@sior.com,
202.449.8226.
Departments
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President’s Message
Chapter News
Chapter Scholarship News
Member News
Q4 2012 Professional Report Errata
Welcome New SIOR Members
Young Professionals Corner
Member to Member Transactions (M2M)
M2M: Case in Brief
Legislative Update
Plain Speaking from a Lawyer
Legacy Circle
M2M: Top Deals
SIOR Foundation President's Message
In Memoriam
SIOR Foundation Annual Giving Campaign
SIOR Foundation Capital Campaign
SIOR Commercial Real Estate Index: Fourth Quarter 2012
SIOR Meeting and Programs Calendar