With that statement as the backdrop, financial experts shared their insights at the 2013 Investment Outlook, 鈥淲here are We? Where Are We Going?鈥濃�攁 luncheon panel discussion on Feb. 20 that was hosted by the 麻豆原创 Foundation Investment Committee and sponsored by SunTrust. The event, part of the committee鈥檚 2013 Speaker Series, was held at the University Club in downtown Orlando.

Moderator Sean Snaith, director of 麻豆原创鈥檚 Institute for Economic Competitiveness, described the slow recovery, citing political, global and legislative uncertainty. He predicted 1.9 percent growth in 2013, noting, 鈥淎 lot of damage needs to be undone.鈥�

Snaith then turned to panelists Randy Anderson, L. Earl Denney and Regina Chi, who offered their views on a variety of economic and investment-related topics, ranging from job growth, consumer debt and real estate to the stock market, Europe and federal spending.

Among his comments, Anderson, a professor in the 麻豆原创 Department of Finance and chair of the Dr. P. Phillips School of Real Estate, stated, 鈥淲e will not have interest rates go up. If you have 1.5 percent wage growth and you have an 8.5 unemployment rate, that is not a period when I think rates can go up.鈥�

Earl, founder of Integrity Fixed Income Management in Orlando, detailed the troubles behind mounting consumer debt as part of his message. 鈥淥ne of the things that I really believe is the process that we鈥檙e going through is very much related to debt,鈥� he said. 鈥淲e created way too much debt over the years. And now we鈥檝e got to pay it down, which is creating a huge drag [economically].鈥�

Chi, head of International, Emerging Market and Global Equities with DePrince, Race & Zollo Inc., an institutional asset management firm in Winter Park, summarized the overseas financial crisis this way: 鈥淭he sovereign debt crisis in Europe has been contained but nowhere near resolved. We need to see progress on a Banking Union in Europe, but politicians have been reluctant to move forward on this. So, I believe there will be another flare-up in Southern Europe sometime this year, which will revive Banking Union discussions.鈥�

According to the forecast, the demand for industrial space will grow at an annualized rate of 1.09 percent during the fourth quarter of 2011, which is at the low end of the normal range. Increasing rates of growth are expected to begin to occur into 2012. Anderson co-wrote the forecast with Hany Guirguis of聽 Manhattan College. Read the聽full report.

In addition, Anderson served as the keynote speaker at the recent Realtors Commercial Alliance (RCA) conference in Miami. He addressed many real estate topics in his presentation, including retail, office, industrial and multi-family sectors.

Several hundred attendees of the Florida Apartment Association鈥檚 (FAA) Annual Meeting listened to a presentation on the current market conditions given by聽Randy Anderson, the Howard Phillips Eminent Scholar Chair in the Dr. P. Phillips Institute for Research and Education in Real Estate. Anderson spoke on current conditions as well as the future. Since 1971, the Florida Apartment Association has worked to ensure high property management standards and resident satisfaction and safety in Florida. Volunteer leaders from throughout the state meet quarterly to discuss issues and challenges facing the multifamily housing sector. The association at both the state and local level also provides important social and career benefits for industry personnel. Learn more about the organization by visiting their .

Anderson and Rottke are both widely regarded as experts in real estate capital markets. In addition to serving as an adjunct at 麻豆原创, Rottke is the founder and executive director of the Real Estate Management Institute (REMI) of European Business School. He holds the Aareal Endowed Chair of Real Estate Investment and Finance at EBS University in Wiesbaden, Germany. In turn, Anderson has served as an adjunct at EBS University.

This appointment extends the partnership between of 麻豆原创 and EBS and ensures that two of the fastest growing real estate programs in America and Europe continue to join forces to gain international prominence.

The Homburg-Oxford University Press is launching the Advances in Real Estate book series in 2012. The goal is to publish two books each year with a volume of 300 pages. The new book series will encourage a multi-disciplinary and international approach to current and emerging issues in real estate and will cover a variety of topics such as: appraisal and valuation, architecture and design, banking and financial services, building technology and construction, business management in real estate, engineering, project management, law and regulation, real estate development, spatial planning, surveying, and urban economics. Specifically, topics that integrate complementary disciplinary perspectives and those that take an international or international comparative perspective will be addressed.

The study predicts future demand for industrial real estate by analyzing various economic factors. Results from the report show that demand for industrial space in the first quarter of 2011 is projected to grow, suggesting that the sector is improving. Issued quarterly, the study is funded by the NAIOP Research Foundation.Hany Guirguis, Manahattan College, co-authored the report with Anderson. You can view the聽full report (PDF) on the聽NAIOP Research Foundation website. NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.

Randy Anderson, the Howard Phillips Eminent Scholar Chair in the Dr. P. Phillips School of Real Estate, received the National Association of Industrial and Office Properties (NAIOP) Presidential Award during the chapter’s 14th Annual Best of the Best Awards Gala.

He was selected based on his 鈥渙utstanding contribution to the Central Florida Chapter by an active member.鈥� NAIOP is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate, with 18,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. Visit the for more information on the 麻豆原创 College of Business Administration’s innovative Real Estate Program.

The has approved a new graduate program in the College of Business Administration that will help students achieve senior-level positions in real estate. The Master of Science in Real Estate will begin in June 2010 and will be taught in the Professional format offered by the 麻豆原创 Executive Development Center in downtown Orlando.

The professional master鈥檚 program in real estate prepares students interested in commercial and residential brokerage and appraisal, development, and mortgage brokerage. The curriculum combines a unique business core consisting of finance, accounting and marketing courses with advanced coursework in real estate. Students will earn 30 credit hours during five sessions and will be well-prepared to obtain Florida Real Estate brokerage and appraisal licenses.

The program is tailored to busy working professionals. Classes will be held on Monday and Wednesday evenings at the 麻豆原创 Executive Development Center in downtown Orlando. Students will go through the 16-month program as a cohort, taking all courses together.

鈥淭he cohort program is beneficial because students not only learn from their professor, they share their experiences with other students as well,鈥� said Thomas L. Keon, dean of the 麻豆原创 College of Business Administration. 鈥淭he Central Florida region is a prime spot for commercial and residential real estate development. Graduates from this program will be well-positioned to fill a niche area in this market,鈥� he added.

An information session on the new program will be held at the 麻豆原创 Executive Development Center (EDC) on Tuesday, November 3, 2009, at 6 p.m. Randy Anderson, Ph.D., the Howard Phillips Eminent Scholar Chair in the , will be present to answer questions. The EDC is located at 36 W. Pine Street, Orlando, FL, 32801.

For more information, send an e-mail to pmre@bus.ucf.edu or call (407) 823-3622.

The Dr. P. Phillips School of Real Estate was established in 2005. Dr. Phillips Inc. committed $2.5 million, which combined with a state matching gift, created a $5 million endowment for the Dr. P. Phillips School of Real Estate. The endowment supports the Howard Phillips Eminent Scholar Chair in Real Estate, the Dr. P. Phillips Institute for Research and Education in Real Estate, and the Dr. P. Phillips scholarship program for real estate students.