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April 2011 |
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SAVE THE DATE!
Mark your calendars now to attend the RCA-KC Summer Golf Scramble!
When: Thursday, June 30, 2011
Where: Deer Creek Golf Club (7000 W. 133rd St., Overland Park, KS 66209)
 Come experience the million-dollar transformation of this award-winning golf course! Last fall, Deer Creek completely renovated the 18 greens with new bent grass A4 sod and new greenside bunkers using the latest technology.
In addition to the excellent golfing conditions, your afternoon will include green fees, cart, lunch buffet, refreshments, giveaways, awards and a chance to win great prizes!
1 p.m. Shotgun Start
Mark your calendars, put together a foursome, and watch your e-mail for registration details. You won't want to miss this opportunity!
If you would like to be an event sponsor, contact Nancy Davis at 913-266-5915 or nancyd@kcrar.com.
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Individual & Commercial Bankruptcy
Critical considerations for weathering the storm
Friday, April 22 in the KCRAR classroom
Come for one session or both! Appropriate for both residential & commercial practitioners!
Here is a very rare and important opportunity to hear from three specialists in the field of bankruptcy. The KCRAR Friday Focus Workshops are free of charge and we are privileged to present these tremendously knowledgeable speakers (learn more about the speakers for this workshop here).
9-10:30 a.m.:
An experienced insider's analysis regarding Consumer/Residential mortgage restructuring and modification issues both inside and outside of bankruptcy. Also, information about certain critical points about bankruptcy in general that REALTORSŪ and their distressed-property clients must know to ensure survival in current conditions.
11 a.m.-12:30 p.m.:
Critical points that owners of financially distressed commercial real estate need to know in today's current market, including a range of current challenges facing owners including pre-bankruptcy workout solutions, bankruptcy restructuring options and commercial landlord tenant issues. To make this presentation even more relevant, they are inviting attendees to e-mail them at michael.fielding@huschblackwell.com or twayne@ihorsellc.com with any particular issues that they would like to have addressed.
Go here to register. Once you've registered for the course, click here and select "Open" to add this to your Outlook calendar. Note: Adding this to your Outlook calendar does NOT register you for the course.
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NAR Dues Increase Proposed for New Political Initiative
 Last month, NAR launched the REALTORŪ Party Political Survival Initiative. This initiative is designed to help keep the REALTORŪ organization among the most influential advocacy groups in America.
The initiative comes with a NAR dues increase of $40. The proposal will be taken up by the NAR Board of Directors at the Midyear Legislative Meetings in May. The dues increase, if approved, would take effect in the 2012 budget year and because it is "dedicated" to this initiative, it would be used exclusively to fund political advocacy efforts as outlined by the Political Survival Initiative.
KCRAR has three NAR directors, and as such, will be voting on this initiative and dues increase. To provide your feedback and comments, and for much more information you'll want to see and read on the initiative, go here.
Questions about the REALTORŪ Party Political Survival Initiative should be e-mailed to NAR at rppsi@realtors.org.
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Commercial Market Gets Lift with Office Space
As the economy recovers and businesses gradually start to expand again, occupancy in office spaces across the U.S. continue to rise as well as the rent, providing a boost to the commercial real estate market which has faced two years of steep drops in rent and occupancy.
Average effective rents increased by 0.5% to $22.20 a square foot, according to Reis Inc. This marks the second straight quarter of rent increases. However, office rents remain below the highs set in 2008, which reached $25 a square foot.
"As the overall economy continues on its current path of expansion, we expect that rents and vacancies will continue to improve in 2011," says Ryan Severino, a Reis senior economist.
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Hopeful Signs in March Commercial Outlook
(April 1) In a new video, NAR Economist George Ratiu explains the association's outlook for commercial real estate.
More >> |
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Can You Explain the 3.8% Tax to Clients?
(March 31) Some commercial real estate investors will be hit by the 3.8% tax that will be levied beginning Jan. 1, 2013. Review the fine points of the tax so you'll be in the best position to advise clients if they have questions.
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Podcast: Legislation to Open Commercial Liquidity
(March 29) 2011 NAR Treasurer Bill Armstrong discusses legislation concerning credit unions, accelerated depreciation, and a covered bond market that could bring more liquidity into the commercial real estate market.
Go to www.realtor.org/commercial/commercial_podcasts/armstrong_03_11 to listen now. |
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Commercial Real Estate Advocacy Timeline
(Updated March 28) The latest cites recent work on improving commercial real estate liquidity: support of the covered bond bill which would provide an additional tool to increase mortgage liquidity, and testimony on National Flood Insurance which would help property owners.
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RPAC is Active on the Commercial Front
The REALTORSŪ Political Action Committee supports commercial real estate interests across the country on the local, state and federal levels.
More >>
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Have you read NAR's New Commercial Blog?
The new blog, The Source, on www.CommercialSource.com is the place for commercial real estate practitioners to share their views and perspectives on current industry news, issues, and what's going on in the market. Check it out!
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