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June 2011
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REGISTER TODAY to attend the RCA-KC Summer Golf Scramble on June 30!
The REALTORSŪ Commercial Alliance Summer Golf Scramble is scheduled for Thursday, June 30, 2011. Join us for a first-class golfing experience at the newly and completed renovated Deer Creek Country Club, located near 133rd & Metcalf in Overland Park, Kansas. Registration and lunch buffet starts at 11:45 a.m., followed by the shotgun start at 1:00 p.m.
The cost is $75 for KCRAR members and $95 for nonmembers. Click here for more information and registration. Here's the info again: 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! If you would like to be an event sponsor, contact Nancy Davis at 913-266-5915 or nancyd@kcrar.com or click here for more information.
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Missouri Association of REALTORSŪ "Commercial Day"
The Missouri Association of REALTORSŪ is hosting "Commercial Day" on June 22, during the June BOD Meetings at the Ameristar in St. Charles, MO. State Treasurer Clint Zweifel, Top Dogs co-creator Bob McComb, and economist Dr. Ted Jones will all be there to speak and share their expertise.
This is an all-day event with vendors, meals and lots of networking opportunities. There will be expert panels including lawyers, bankers and even the commissioner of the Midwest-China hub project, Doug A. Potts.
Register online now or download the event flier for a full list of speakers and activities.
Hope to see you there!
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Commercial Stabilizing, Demand Growing
(May 24) The improving economy and job creation mean improving vacancy rates in the major sectors, NAR says. Vacancy rates in the office sector are expected to fall from 16.3 percent in the second quarter of this year to 15.3 percent in the second quarter of 2012, industrial vacancies to fall from 13.9 percent to 13.0 percent, retail from 13.1 percent to 12.6 percent, and multifamily from 5.8 percent to 4.7 percent.
Access a summary of the Commercial Real Estate Outlook >>
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Commercial Podcast: Answer the Call for Action
(May 31) In the most recent edition of the Commercial Podcast, NAR Treasurer Bill Armstrong urges all REALTORSŪ to answer the Call for Action on the MID and provides an update on the commercial market forecast.
Listen now >>
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Interview with Chere LaRose-Senne, NAR Commercial Managing Director
(June 1) Watch an interview with Chere LaRose-Senne, NAR Commercial Managing Director as she shares insights into the 2011 Commercial Member Profile, technology initiatives, and more.
Read more >>
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2nd Quarter Commercial Outlook
The Commercial Real Estate Outlook (CREO) is NAR's flagship commercial research publication. It is produced quarterly and includes the latest market information on five major commercial real estate sectors - industrial, office, multi-family, retail and hospitality real estate. The publication includes national and metropolitan data from the respected research firms of CBRE Econometric Advisors and Real Capital Analytics, along with in-depth analysis from NAR Research. The full report is available only to NAR members, and the summary report is open to all visitors. Read more >> |
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Commercial Real Estate Advocacy Timeline
(Updated May 5) The latest cites a recent delay on new lease accounting standards; SBA expansion of its temporary commercial refinance program; and an update on the National Flood Insurance Program which would help property owners.
Read more >>
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REALTORŪ Party Political Survival Initiative Approved
by NAR Board of Directors
At the National Association of REALTORSŪ Midyear Meetings last month, the NAR Board of Directors voted to approve the REALTORŪ Party Political Survival Initiative (RPPSI) and to raise NAR dues to $120 (from $80) to pay for it. Under the initiative, the $40 in new dues revenue beginning in 2012 will go to help fund and provide assistance to local, state, and national political and issues campaigns.
Please be advised that this $40 increase from NAR is in addition to the $35 assessment for the Public Awareness Campaign, a long-running media campaign from NAR that reinforces the value of home ownership and encourages consumers to contact a REALTORŪ for their housing needs. In 2011, the Public Awareness Campaign continues to remind consumers that home ownership not only benefits families, it also helps build strong communities and creates jobs. This is a very popular program with NAR members. Altogether, the total amount of payment to NAR next year for dues and the Public Awareness Campaign will be $155.
NAR launched RPPSI in March 2011 to help keep the REALTORŪ organization among the most influential advocacy groups in America. Monumental issues coming down the pike that will affect the daily businesses of REALTORSŪ (including the future of mortgage finance, reforms of Fannie Mae, Freddie Mac and FHA as well as possible changes in the Mortgage Interest Deduction) along with changes in campaign funding at national and state levels led NAR to create the initiative in order to maintain and grow political power in this new landscape.
You can read more about RPPSI (including a statement from NAR President Ron Phipps following approval of the Initiative) here. Questions about the REALTORŪ Party Political Survival Initiative should be e-mailed to NAR at rppsi@realtors.org.
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Home Ownership Matters to Commercial
(May 5) Vital residential markets are crucial for a robust commercial sector. The home ownership issues NAR is advocating have a direct impact on the health of markets and communities where commercial real estate resides.
Read more >>
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Podcast: Getting Paid Beyond the Transaction
Popular Signature Series speaker, Dr. Drew Stevens offers some great advice about how to adapt to the nuances of selling today in this Commercial Briefing podcast.
Listen now >>
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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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