23rd Pan Pacific Congress of Appraisers, Valuers and Counselors.Over 400 delegates and guests from more than 16 nations gathered for the 23rd Pan Pacific Congress of Appraisers, Valuers and Counselors, which took place in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden September 16-19, 2006. Hosted by the Appraisal Institute The Appraisal Institute (Institute), headquartered in Chicago, Illinois, is an international association of professional real estate appraisers.[1] It was founded in January 1991 when the American Institute of Real Estate Appraisers (AIREA) and the , the Congress focused on the theme, "The Valuation Revolution: New Partners, Borderless Markets, Innovative Technology." [ILLUSTRATION OMITTED] The event brought together valuation professionals from around the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. to broaden their knowledge, exchange information and foster a spirit of comradeship and understanding among key players in global real estate markets. Allen M. Okamoto, chairman of the Asian Real Estate Association of America, presented the keynote address keynote address n. An opening address, as at a political convention, that outlines the issues to be considered. Also called keynote speech. Noun 1. , during which he pointed to the growing number of cross-border real estate ventures between the United States and Asia. "Money is flowing both ways across the Pacific," he stated. "Many [AREAA] members are very active in developing properties in China and Vietnam and due to easing of restrictions, money is flowing into the United States from Korea." Delegates also heard from representatives of the World Bank, the U.S. State Department and the Center for International Private Enterprise during the plenary sessions. As the theme indicates, a major portion of the Congress was given over to sessions focused on technology and how it has brought about a truly global real estate industry over the last decade. Congress attendees also had the opportunity to visit some of Northern California's most significant real estate during a series of technical tours. These tours offered a valuer's view of such areas as Silicon Valley, California wine country and AT & T Ballpark as well as area hospitality properties and high-end homes in San Francisco and Marin County. Delegates were able to do some cross-border networking during the unique opening reception held at San Francisco's Asian Art Museum Asian Art Museum is the usual name for a number of museums, including:
This was the fourth time that the Pan Pacific Congress was held in the United States. The first Pan Pacific Congress took place in Sydney, Australia, in 1959. The next Pan Pacific Congress will be held in Seoul, South Korea, in 2008. [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion