Jonathan D. Miller

Executive Bio

Jonathan Miller is a partner and co-owner of Miller Ryan LLC, a strategic marketing communications consulting firm to the financial services and real estate industries. Miller has more than 25 years of communications and marketing experience in the real estate industry, counseling many leading executives. For the past 15 years he has also authored Emerging Trends in Real Estate, the Urban Land Institute’s (ULI) premier annual industry forecast and speaks extensively on suburban and urban issues. He is also author of ULI's Infrastructure 2008: A Global Perspectives, a major analysis on the looming changes facing the

U.S. on infrastructure and land use issues. He has led marketing/communications teams at Equitable Real Estate, Lend Lease, and GMAC Commercial Mortgage (Capmark Finance), overseeing re-branding programs for those firms as well as for COMPASS, Boston Financial and Amresco when they were acquired by Lend Lease. He has extensive crisis communications and corporate-change experience. Miller graduated with honors from Northwestern's Medill School of Journalism and earned a law degree cum laude from American University. Contact Jonathan Miller.

  • The Fundamentals Reality: Weak Demand

    We all know about fundamentals and supply and demand. But the supply and demand that many real estate investors seem to focus on today is capital. They count on more capital to make things better. They hope if capital comes back into the markets we can start doing more deals again, prices would increase in the augmented trading, and the cycle would ramp up. Bad deals transacted near the last market peak might have a chance, if they could be bailed out by appreciation.

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  • Carried Away by Carried Interest

    Leading appraisers I´ve talked to expect core institutional portfolios to register value gains averaging somewhere between 5% and 8% for the calendar year. Add in income returns, and these real estate funds should see "double digit" low to mid teens performance during 2010. Real estate is back......

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  • Out of the Woods?

    So real estate markets are give-or-take at bottom, the worst is over, recovery is in the offing. Everybody should be feeling better, but why do so many of us take pause and register lack of confidence in a solid rebound. One of the best recent commentaries on where markets are headed was released last...

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  • At Bottom

    If you´re an investor and you´ve been waiting patiently, maybe nervously, for the market bottom of commercial real estate, we´re here. Well, give or take we´re here. For all that capital that we´ve heard about standing on the sidelines ready to jump in and buy bargains-you´re time is now....

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  • The China Scene

    With the Shanghai 2010 Expo opening and early summer weather arriving, two officials from a major international luxury hotel chain were overheard talking business in the executive lounge of their Beijing flagship near Tiananmen Square late last week-"We like all the security here, it´s good for...

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  • Water and Water Infrastructure

     

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  • Getting our Heads Screwed on Straight

    Despite last week's passionate Tea Party rallies, taxes will increase across the board--at the federal, state, and local levels--over the next decade. Nearly 50% of Americans may pay no federal income tax, but they pay payroll taxes and sales taxes, state income taxes and property taxes, as well as...

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  • The Crime Threat

    As readers know, I am a big believer that America´s future lies in the vibrancy of its major metropolitan areas-the prime gateway cities where most of our economic activity concentrates. But the recession and its aftermath push these cities to an inflection point-after nearly 20 years of resurgence,...

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  • Shareholder Value and Real Estate

    So many stats recently... Employment is edging up... finally. But private sector hiring is barely registering any increases. And CEO pay continues to go up-now averaging 350 times more than the lowest paid company worker compared to about 25 times in 1960. All this while over the last decade the average...

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  • Good News?

    At a client meeting last week, a top broker asked me when we would see "some good news." Come to think of it, I´ve been writing this blog since November 2007, and it´s been all downhill since then. I asked him what he thought---he helps oversee a 1500-plus nationwide network trying to source deals....

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