CCIM Institute celebrates 50 years of excellence in commercial real estate

February 17, 2017 - Connecticut

Glstonbury, CT Five decades ago, the commercial real estate industry was poised at the transition of private ownership and wildcatter developers to become a global, public, professionalized industry with increasingly complex ownership and financial structures. Early leaders of CCIM Institute, such as Victor Lyon, CCIM, and Jay Levine, CCIM, became champions of applying the internal rate of return (IRR) to commercial real estate and adopting it as the CCIM standard. By the early 1970s, IRR was written into all the CCIM designation core courses led by Stephen Messner, PhD, who was then at the University of Connecticut in Mansfield.

During the 1970s, IRR paved the way for commercial real estate professionals to navigate momentous changes such as the development of regional shopping centers, chain hotels, and suburban planned communities nationwide. Real Estate Investment Trusts began replacing real estate syndications as the premier public ownership structure for commercial real estate. Even 50 years later, IRR is one of many practical, crucial methods to manage the increasing complexity within the industry.

During 50 years of entrepreneurialism, exuberance, and excess, CCIM Institute has been a powerful presence, and CCIM designees remain stewards of the highest values of professionalism and ethics.

Golden Anniversary at the 2017 Midyear Governance Meetings at the Fairmont, Chicago - Calendar of Events


12 noon – 7 p.m.

Museum and Networking

6 – 7 p.m.

50th Anniversary Reception

7 –10 p.m.

50th Anniversary Celebration: Back to the Future


9 a.m. – 6 p.m.

Museum and Networking

1 – 4 p.m.

General Session: Back to the Future Part II



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