I have had a couple questions regarding the LLC Tax that was brought up by Pete Chenery of Realty World Broker Network, during the NexCore Showcase. I asked Pete if he could give us any info regarding it and this is what Rick Zechini of NCAR responded back with. I have decided to directly quote the information that was sent to Pete.
"Both the Senate and the House are considering taxation of LLCs. The House budget includes such a provision, which in very general terms amounts to $825 tax per million of value ( both real property and personal property). Working with others, NCAR pushed an amendment in the House Finance Committee to extract this from the House budget, but it failed by a vote of 14-14
Details of what the Senate has in mind are less clear, as their "finance package" is more of an ever-evolving conceptual idea. The best guess is that it would be roughly the same ($825 per million of value). Again, the senate didn't include this in the budget.
The leaders in both chambers are negotiating the budget in what is called a conference committee. They have tentatively agreed on how much they will spend and how much new tax revenue budget will include ($990 million for the first year of the budget). What they haven't agreed on is how they will spend all of the money or where the extra tax revenue will come from.
We are working with a coalition on interested parties (hotels, apartments, REITS, home builders, developers, etc.) to take LLC taxation off the table. "
That's all I have for now. As I get more information, I'll be happy to pass it along. Any questions, please ask, any comments, just let us know.
Friday, June 26, 2009
Friday, June 19, 2009
A New Old Addition to the Joint Event
As I've mentioned before the 4th Annual Joint event will be taking place on August 27th at 3600 Glenwood Ave. We're excited to announce that again this year IREM will be joining the rest of the group. For the fourth year now TCAR, TCREW, BOMA, NAIOP, NC CCIM and now IREM will do a fund raising, networking event with food, beer, wine and DJ Joe Bunn.
So when you show up on the 27th make sure you're dressed in your school colors because we want everyone to show their school spirit. Second, you need to bring two canned food goods for our donation. I'll get to who were donating to in a minute. You do that, you get a free raffle ticket. We have some great raffle prizes. First off there are two tail gating tents we're raffling. There are a pair of tickets to an NC State Game, two tickets to a UNC game, there are tickets to the U2 concert coming up and there is an overnight to Charlotte to see the Panthers play, just to name a few.
Proceeds will benefit the Inter-Faith Food Shuttle. They started 20 years ago with the belief that hunger is unacceptable and have developed systems that prepare and distribute food to the area's poor, hungry, undernourished and homeless. As we all are aware the economic situation has added stresss to organizations like this and they need more food. For more information on the Food Shuttle go to www.foodshuttle.org/aboutus.html.
If you want to register, you will have to go to the website tcar.com or call the office 919-228-2588 as there is a $15 charge per person. This a great opportunity to network with hundreds of people that are in commercial real estate.
We want to thank our Gold Sponsors Highwood Properties, Inc, Shelco and Hager Smith Design. We're still looking for $500 Silver Sponsors so if you're interested in that, let me know. You have an opportunity to put up a table, get free tickets to the event and a chance to get your companies name in front of over 900 members. Your name goes onto all blasts that go out to all the members of the groups involved in the Joint Event.
Hope everyone has a great weekend and try to stay cool!
So when you show up on the 27th make sure you're dressed in your school colors because we want everyone to show their school spirit. Second, you need to bring two canned food goods for our donation. I'll get to who were donating to in a minute. You do that, you get a free raffle ticket. We have some great raffle prizes. First off there are two tail gating tents we're raffling. There are a pair of tickets to an NC State Game, two tickets to a UNC game, there are tickets to the U2 concert coming up and there is an overnight to Charlotte to see the Panthers play, just to name a few.
Proceeds will benefit the Inter-Faith Food Shuttle. They started 20 years ago with the belief that hunger is unacceptable and have developed systems that prepare and distribute food to the area's poor, hungry, undernourished and homeless. As we all are aware the economic situation has added stresss to organizations like this and they need more food. For more information on the Food Shuttle go to www.foodshuttle.org/aboutus.html.
If you want to register, you will have to go to the website tcar.com or call the office 919-228-2588 as there is a $15 charge per person. This a great opportunity to network with hundreds of people that are in commercial real estate.
We want to thank our Gold Sponsors Highwood Properties, Inc, Shelco and Hager Smith Design. We're still looking for $500 Silver Sponsors so if you're interested in that, let me know. You have an opportunity to put up a table, get free tickets to the event and a chance to get your companies name in front of over 900 members. Your name goes onto all blasts that go out to all the members of the groups involved in the Joint Event.
Hope everyone has a great weekend and try to stay cool!
Wednesday, June 17, 2009
Last Chance for the Free Lunch
Okay, so I will make this short and sweet today. There are three days left to register for the June 23rd NexCore Group's Showcase at the Rex Healtcare Building in Knightdale. Last day for registration online is this Friday at tcar.com. If you want to call the office, blog me or tweet me at tcarkim, I can give you until Monday morning and then that's it. I have to make name tags so we all know who we are.
Food is by Knightdale Seafood and BBQ. They're located at 706 Money Court in Knightdale and have a nice little restaurant just up the road from Rex. The food is really good so definately it's worth shooting out there if you're in town at some other point. Grub includes pulled pig, chicken, string beans, hushpuppies, slaw, rolls and banana pudding. I don't know about you guys, but the food is my favorite part.
Lastly, you'll get to hear all about the building we're showcasing from the NexCore Group, so everyone will be helping them find folks to fill up that location. Then NCRCA will talk about what's going on with the state commercial alliance. NCRCA is working hard to show it's members value for your state affiliation. And last but certainly not least, there is Kevin Brice from the Triangle Land Conservancy speaking on the benfits to the businees community when you practice conservation.
I'm looking forward to seeing everyone.
Kim
Food is by Knightdale Seafood and BBQ. They're located at 706 Money Court in Knightdale and have a nice little restaurant just up the road from Rex. The food is really good so definately it's worth shooting out there if you're in town at some other point. Grub includes pulled pig, chicken, string beans, hushpuppies, slaw, rolls and banana pudding. I don't know about you guys, but the food is my favorite part.
Lastly, you'll get to hear all about the building we're showcasing from the NexCore Group, so everyone will be helping them find folks to fill up that location. Then NCRCA will talk about what's going on with the state commercial alliance. NCRCA is working hard to show it's members value for your state affiliation. And last but certainly not least, there is Kevin Brice from the Triangle Land Conservancy speaking on the benfits to the businees community when you practice conservation.
I'm looking forward to seeing everyone.
Kim
Saturday, June 13, 2009
TCAR Habitat Work Day
As part of our Mission Statement, TCAR has always tried to be involved in Community Service. The Joint Event, donations to Hilltop Home, donations to Angel Tree and Habitat for Humanity are some of the examples.
We've been doing Habitat for several years now and each time we make arrangements for folks to come out, we get more and more volunteers. We don't just limit this to members so if you have friends or fellow workers that want to volunteer, bring them along. In fact, if you have kids 16 or older it's a great opportunity for them as well. We try to do this at least twice a year so if you can't make this month,we'll end up doing another later on in the year, so make sure you look for it.
This months workday is on Friday, June 26 at the Falcone Pointe Subdivision in Cary. Make sure you are there by 8:30 am and we'll work until noon, but you can stay the whole day if you want. There are seven homes being constructed and you can do anything from deconstruction, painting, roofing, siding and site cleaning. Directons are on our website, www.tcar.com, and you can register there. You can also give me a yell here on the blog or you can tweet me at tcarkim. We just need to have some sort of a head count so try to let us know or register by Thursday the 25th.
Here is what you'll need to get through the day. First, make sure you bring water or something wet to keep you hydrated. It's summer, it's hot and well, we want everyone to stay away from dehydration. Wear good work shoes, boots are the best option but sneakers are acceptable. No open toes, no sandals and no flip flops, they're not safe and you can hurt your feet. Don't wear baggy clothes because you can get caught on things and make sure what you wear can get paint on it. You will get dirty, sweaty and just plain nasty out there. Lastly, if you ever received a TCAR hat from a previous Habitat bring it along, if not bring your own, your head will thank you. We have a few TCAR hats left and we will bring them just in case you need one but they are first come first serve. Bring along sunscreen to protect that skin, we want to keep you safe from those harmful rays of the sun in the heat of the day.
Lastly, if it's raining or looks like rain there is a hotline you can call to see if the day has been canceled. That number is 833-1999, extension 240. I'll also check it out if there is inclement weather and will send out an email, tweet and pop something on the blog, so there are several ways to find out what is going on in the event of bad weather.
If you're interested in Habitat for Humanity and want more information, check out their website at http://www.habitatwake.org. I look forward to seeing everyone there!
We've been doing Habitat for several years now and each time we make arrangements for folks to come out, we get more and more volunteers. We don't just limit this to members so if you have friends or fellow workers that want to volunteer, bring them along. In fact, if you have kids 16 or older it's a great opportunity for them as well. We try to do this at least twice a year so if you can't make this month,we'll end up doing another later on in the year, so make sure you look for it.
This months workday is on Friday, June 26 at the Falcone Pointe Subdivision in Cary. Make sure you are there by 8:30 am and we'll work until noon, but you can stay the whole day if you want. There are seven homes being constructed and you can do anything from deconstruction, painting, roofing, siding and site cleaning. Directons are on our website, www.tcar.com, and you can register there. You can also give me a yell here on the blog or you can tweet me at tcarkim. We just need to have some sort of a head count so try to let us know or register by Thursday the 25th.
Here is what you'll need to get through the day. First, make sure you bring water or something wet to keep you hydrated. It's summer, it's hot and well, we want everyone to stay away from dehydration. Wear good work shoes, boots are the best option but sneakers are acceptable. No open toes, no sandals and no flip flops, they're not safe and you can hurt your feet. Don't wear baggy clothes because you can get caught on things and make sure what you wear can get paint on it. You will get dirty, sweaty and just plain nasty out there. Lastly, if you ever received a TCAR hat from a previous Habitat bring it along, if not bring your own, your head will thank you. We have a few TCAR hats left and we will bring them just in case you need one but they are first come first serve. Bring along sunscreen to protect that skin, we want to keep you safe from those harmful rays of the sun in the heat of the day.
Lastly, if it's raining or looks like rain there is a hotline you can call to see if the day has been canceled. That number is 833-1999, extension 240. I'll also check it out if there is inclement weather and will send out an email, tweet and pop something on the blog, so there are several ways to find out what is going on in the event of bad weather.
If you're interested in Habitat for Humanity and want more information, check out their website at http://www.habitatwake.org. I look forward to seeing everyone there!
Wednesday, June 10, 2009
NexCore Showcase: Good Food, Great Company
Okay, I feel almost certain you are tired of me harping on this but we have a showcase with the Nexcore Group in Knightdale at the Rex Healtcare facility on June 23rd. The address is 6300 Knightdale Blvd and it is really easy to find and a hop skip and a jump from Raleigh.
Lunch is free to members ($25 to non members)and Knightdale Seafood and BBQ is cooking. Personally, I can't wait for that part but the most important part of the afternoon is the opportunity to network with your fellow constituents. I don't know, but I keep hearing how important that whole broker to broker thing is and this is a perfect opportunity for you to practice that.
You can register in a number of ways. If you're a member you can give me a yell here or on Tweeter at tcarkim. You can always email me at kimb@tcar.com or give me a ring at the office, 228-2588. And of course you can go to tcar.com and click on the event of your choice and register to your hearts desire. We have a lot of things there and in the next week we'll be adding another showcase in July and the new Commercial Examples Mandatory CE in October.
Coming soon: The hoopla with the Broker Lien Bill and what's happening with it and more TCAR news. We're doing more this year than ever before and we want to know what you're looking for with your membership.
Lunch is free to members ($25 to non members)and Knightdale Seafood and BBQ is cooking. Personally, I can't wait for that part but the most important part of the afternoon is the opportunity to network with your fellow constituents. I don't know, but I keep hearing how important that whole broker to broker thing is and this is a perfect opportunity for you to practice that.
You can register in a number of ways. If you're a member you can give me a yell here or on Tweeter at tcarkim. You can always email me at kimb@tcar.com or give me a ring at the office, 228-2588. And of course you can go to tcar.com and click on the event of your choice and register to your hearts desire. We have a lot of things there and in the next week we'll be adding another showcase in July and the new Commercial Examples Mandatory CE in October.
Coming soon: The hoopla with the Broker Lien Bill and what's happening with it and more TCAR news. We're doing more this year than ever before and we want to know what you're looking for with your membership.
Friday, June 5, 2009
Old News But it's Still Important
So, back in April the Triangle Commercial Real Estate Women had their 11th annual luncheon. This is a huge deal with well over 350 people that attend. The thing is that one of our current Board Members won an award that I just can not stop talking about. It's like turning 40, you celebrate the birthday for the entire month.
Well, the winner of the TCREW Commercial Real Estate Service Award went to our own Kerry Saunders of NAI Carolantic. The award is given to " an individual who provides the best professional commercial real estate service, with consideration for industry knowledge, leadership ability, negotiating skills, work ethic and creativity."
For 17 years she has plugged away over at NAI Carolantic, every year she puts together the NAI Carolantic Annual Real Estate Conference, she basically does what I do for TCREW and then she plans one of our biggest events, the Annual Joint Networking Event in August! She's a work horse. I don't know anyone that is more thorough, more attentive to detail and consistant than Kerry.
For me, she is sort of this pseudo mentor, a support system and a fellow Gator fan. I have an enormous amount of respect for her and I'm really proud and excited she has won this award. Hence I will take the opportunity to mention it as many times as I get the opportunity. Both NAI and TCAR, in my opinion, are really fortunate to have her.
Congrats Kerry
Well, the winner of the TCREW Commercial Real Estate Service Award went to our own Kerry Saunders of NAI Carolantic. The award is given to " an individual who provides the best professional commercial real estate service, with consideration for industry knowledge, leadership ability, negotiating skills, work ethic and creativity."
For 17 years she has plugged away over at NAI Carolantic, every year she puts together the NAI Carolantic Annual Real Estate Conference, she basically does what I do for TCREW and then she plans one of our biggest events, the Annual Joint Networking Event in August! She's a work horse. I don't know anyone that is more thorough, more attentive to detail and consistant than Kerry.
For me, she is sort of this pseudo mentor, a support system and a fellow Gator fan. I have an enormous amount of respect for her and I'm really proud and excited she has won this award. Hence I will take the opportunity to mention it as many times as I get the opportunity. Both NAI and TCAR, in my opinion, are really fortunate to have her.
Congrats Kerry
Wednesday, June 3, 2009
NexCore and TCAR Showcase
I just want to remind everyone that we have a Showcase coming up on June 23rd, 2009. Thanks to the Nexcore Group, we'll be showcasing the third floor of the new Rex Healthcare building in Knightdale. 6602 Knighdale Blvd to be exact. You can check out the website and the building at http://www.nexcoregroup.com/project/RexHealthcareKnightdale.com.
When we visited the location I was amazed at the growth in that area and really how close it is to Raleigh. It's a beautiful building so anyone that specializes in leasing medical really needs to take a look at his place. Courtney Hanfland, VP of Asset Management and Leasing, was kind enough to show us around the new facility. Currently there is space available on the second floor and there is the whole third floor where we'll be having the showcase.
I'm really excited about our speakers. First, I'm looking forard to NCRCA Chairman, Drew Showfety. I think so many TCAR members forget that they have membership not only in NAR and NCAR but there is this whole commercial thing of the REALTORS Commercial Alliance. There has been a lot of work going on with NCRCA and I'm excited to bring someone in to talk to the group about it.
Then there is Kevin Brice from the Traingle Land Conservancy. With all the discussion about green and conservation and the fact that part of our mission talks to playing a positive role in the "social sensitivities" in our area, we decided to bring Kevin by to talk about how local conservation is actually good for your business.
So come on by Tuesday, June 23rd and have lunch from the Knightdale Seafood and BBQ. Highly recommend them for stopping off to visit their restaurant and if you ever have any catering needs. Anyway, as always, the afternoon is free to members and $25 for non members. Please keep in mind this is a function of TCAR, so if you don't want to be charged, you need to join. We start checking folks in at 11:30 and then get the program started at around noon. All the while you can network with each other and eat some excellent BBQ. To register you can either call the office at 228-2588, email me at kimb@tcar.com, tweet me at tcarkim or register online at www.tcar.com. Hope to see you there!
When we visited the location I was amazed at the growth in that area and really how close it is to Raleigh. It's a beautiful building so anyone that specializes in leasing medical really needs to take a look at his place. Courtney Hanfland, VP of Asset Management and Leasing, was kind enough to show us around the new facility. Currently there is space available on the second floor and there is the whole third floor where we'll be having the showcase.
I'm really excited about our speakers. First, I'm looking forard to NCRCA Chairman, Drew Showfety. I think so many TCAR members forget that they have membership not only in NAR and NCAR but there is this whole commercial thing of the REALTORS Commercial Alliance. There has been a lot of work going on with NCRCA and I'm excited to bring someone in to talk to the group about it.
Then there is Kevin Brice from the Traingle Land Conservancy. With all the discussion about green and conservation and the fact that part of our mission talks to playing a positive role in the "social sensitivities" in our area, we decided to bring Kevin by to talk about how local conservation is actually good for your business.
So come on by Tuesday, June 23rd and have lunch from the Knightdale Seafood and BBQ. Highly recommend them for stopping off to visit their restaurant and if you ever have any catering needs. Anyway, as always, the afternoon is free to members and $25 for non members. Please keep in mind this is a function of TCAR, so if you don't want to be charged, you need to join. We start checking folks in at 11:30 and then get the program started at around noon. All the while you can network with each other and eat some excellent BBQ. To register you can either call the office at 228-2588, email me at kimb@tcar.com, tweet me at tcarkim or register online at www.tcar.com. Hope to see you there!
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