Economic Development Leader achieves rare commercial investment achievement
Sugar Land Director of Economic Development Regina Morales recently completed international requirements for Certified Commercial Investment Members (CCIM).
The worldwide designation has been achieved by only 6 percent of the 125,000 commercial real estate practitioners in the United States.
Considered one of the real estate industry’s top accomplishments, CCIM designation requires course work and a resume of closed transactions and/or consultations that represent the highest level of expertise in:
. financial analysis;
. market analysis;
. user decision analysis; and
. investment analysis for commercial investment real estate.
The CCIM designation – a rare achievement for government economic development professionals – benefits cities that must have unique insight into skillsets that facilitate strong economies. This includes developing new properties, developing business parks, redeveloping project sites and attracting new industry. Economic developers are heavily involved with real estate transactions and location analysis.
Since its creation in 1999, Sugar Land’s Office of Economic Development has worked with 40 corporations and developers to expand or relocate to Sugar Land, bringing with them 2,400 jobs and more than $1 billion in capital investment. Fourteen corporations from the Fortune 500 list have a significant presence in Sugar Land.
As a regional employment center, the City is home to numerous high-profile regional and international corporations housed in more than 22 million square feet of commercial space, including Minute Maid, Schlumberger, Fluor Corporation, Bechtel EO and Aetna.
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