Tech Bubble

2000

George W. Bush and Vice President Al Gore hold a virtual dead-heat for the presidency, with a disputed vote in Florida. The Supreme Court voted in favor of Bush.

2000 census population: 281,421,906, increasing 13.2% since 1990. The South and West picked up the majority of the increase in population, moving the geographic center of U.S. population to Phelps County, Missouri.

America Online agrees to buy Time Warner for $165 billion

Tech Bubble bursts—millions of jobs were lost and the stock market was caught in a frenzy

Y2K—certain electronic devices were supposed to fail in the year 2000; but everything ended up working fine

Montgomery Ward, the retail giant since its founding 128 years before, closes its retail stores and moves solely to online business.

TV show Survivor airs for the first time – birth of reality TV

#1 Movie: The Grinch

September 11 attacks, Anthrax scare, followed by the War on Terrorism

Tropical Storm Allison floods Houston, TX. Damage exceeds $5B dollars

Microsoft releases Windows XP – still used by most businesses today in 2010

Apple releases the first generation iPod

Wikipedia goes online

Enron Corp Scandal which leads way for Sarbanes Oaxley

Barry Bonds breaks the sing season home run record - hitting 73 HRs, surpassing Mark McGwire’s 70 HRs.

#1 Movie: Harry Potter and the Sorcerer's Stone

2001 LEGEND

National News

Technology

Comm Real Estate / Economy

Entertainment

Mouse over for more info

Mouse over for an image

Homeland Security Act - establishing the Department of Homeland Security

US Attack on Afghanistan: Operation Anaconda ends

Blackberry is released

Friendster Launched – part of the birth of Social Media

WorldCom files for Chapter 11 bankruptcy protection in the largest such filling in United States history

Sarbanes Oxley (SOX) bill is passed

American Idol begins

#1 Movie: Spider-Man

2002

The Space Shuttle Columbia disintegrates over Texas upon reentry

SARS virus breaks out in Japan

Iraq war begins. Later that year, Saddam Hussein, former President of Iraq, is captured and sentenced to death

iTunes store opens

Insignia merges with CBRE

Housing Market Surges

―Do Not Call‖ list is established

#1 Movie: The Lord of the Rings: The Return of the King

2003

Hurricane Ivan wreaks havoc in the United States

Tsunami occurs in Asia following a 9.3 Richter scale earthquake. 290,000 people perish, creating one of the greatest humanitarian tragedies in history.

President George W. Bush wins reelection over Democratic Senator John Kerry.

Google goes public

Mars rover confirms that the planet Mars was once covered in water

Opening of Taipei 101, the tallest skyscraper in the world, standing at a height of 508 meters or 1,676 feet

Groundbreaking of the Freedom Tower at Ground Zero, the former site of the World Trade Towers. To be completed in 2013.

#1 Movie: Shrek 2

2004

Hurricane Katrina & Rita hit the US

New York City transit strike for three days, shutting down all New York City Subway

YouTube Launches

Facebook launches to the public, moving from only college students to open access

The government issues the BRAC (Base Realignment and Closure) report that will eventually affect several marketplaces

―Prosperous Times‖ begin for Commercial Real Estate

Lance Armstrong wins his record 7th straight Tour de France

#1 Movie: Harry Potter and the Goblet of Fire

2005

US Population reaches 300 million, taking only 42 years to gain 100 million people since the two hundredth million person was added in 1964.

Warren Buffet donated $31billion, or 85% of his personal fortune, to the Bill and Melinda Gates foundation.

Google acquires YouTube for USD $1.65 billion

The one billionth song is downloaded from Apple iTunes. This shift comes at the expense of many brick and mortar chains such as Tower Records

CRE Mergers continue: Trammel Crow merges with CBRE, Spaulding & Slye merges with Jones Lang LaSalle (JLL) and Newmark formed a partnership with London-based Knight Frank, forming Newmark Knight Frank

LoopNet goes public

Nintendo Wii is released—gaming graphics take a step backward but become more interactive

#1 Movie: Pirates of the Caribbean: Dead Man's Chest

2006

Wildfires in Southern California result in the evacuation of more than a million people; destroying 400,000 acres and over 1,600 homes and businesses

Apple iPhone is released

Google becomes the most visited website and Gmail is introduced

The Burj Dubai became the world's tallest free standing structure after surpassing the CN Tower in Toronto.

Major Acquisitions. Rupert Murdoch acquires Dow Jones & Co which includes the Wall Street Journal. Blackstone Group acquired Equity Office Property Trust. Tishman Speyer purchased Archstone-Smith Trust’s portfolio. Walton Street acquires CalWest’s portfolio.

Barry Bonds breaks Hank Aaron’s record of most career homeruns (755). He holds the record with 762 HRs.

The Mitchell Report - accusing 89 retired and active Major League Baseball players of anabolic steroid use

#1 Movie: Pirates of the Caribbean: At World's End

2007

Barack Obama becomes the first African-American President

The price of petroleum hits $100 per barrel. Gas prices go well above $4.00 per gallon.

Stock markets around the world plunge amid growing fears of a U.S. recession, fueled by the 2007 subprime mortgage crisis.

Emergency Economic Stabilization Act: creates a $700 billion dollar Treasury fund to purchase failing bank assets.

Facebook takes over MySpace as the #1 Social Media site

Staubach merges with Jones Lang LaSalle (JLL)

Michael Phelps, wins his 8th Gold Medal of the Beijing Summer Olympic Games, surpassing the record of seven won by Mark Spitz.

#1 Movie: The Dark Knight

2008

The economic recession continues to deepen as jobless claims climb above 10.0%

The outbreak of the H1N1 influenza strain, "swine flu,‖ is deemed a global pandemic.

Twitter starts gaining popularity amongst businesses and celebrities

GVA Advantis collapses

Colliers International and First Services Real Estate Advisors to join and are now known as Colliers International.

CRE in sports: the new Dallas Cowboys (largest column-free interior) and Yankee Stadium open ($1.5B to build); while the Pontiac Silverdome is auctioned for $583,000.

Michael Jackson dies

#1 Movie: Avatar – claims the title of #1 movie of all time surpassing Titanic

2009

Wikipedia

Blackberry

BRAC

Credit Crunch

LoopNet

Taipei 101

Insignia merges

w/CBRE

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

The First Decade of the 2000s (2000-2009)