The time is fast approaching for our 5th Annual Joint Networking Event with the proceeds benefiting a local charity. You may recall, last year we were able to give The InterFaith Food Shuttle a check for $10,000 along with lots of canned goods.
This year, our event will be held on Wednesday, September 1st and we are looking at potential location options. The space would need to be approximately 10,000sf, fully air-conditioned, wide-open and centrally located with adequate parking. It does not need to be carpeted, etc. We had approximately 400+ commercial real estate related professionals from TCAR, TCREW, BOMA, IREM, CCIM, NAIOP, and AAREPNC attend last year at 3600 Glenwood Avenue with a theme of SHOW US YOUR SCHOOL SPIRIT. The committee members from each of the organizations have already started meeting to plan an even better event this year!
If you have an building owner interested in exposing his office or flex space to over 400 professionals and pay the Gold Sponsorship level of $5,000, please notify Kim Brennan with TCAR at kimb@tcar.com or Kerry Saunders with TCREW at ksaunders@naicarolantic.com. We will need to make a final decision within the next few weeks.
Thanks for your help!
Kind regards,
Kerry
Friday, May 14, 2010
Wednesday, May 12, 2010
NCAR Legislative Meetings
2010 NCAR Legislative Meetings - June 7th through 9th
The 2010 North Carolina Association of REALTORS® Legislative Meetings will be held June 7-9 in Raleigh. This is an important opportunity for REALTORS® from across the state to provide a unified voice for the real estate industry in North Carolina. The Legislative Committee will meet on Tuesday, June 8th from 2 pm -3:30 pm and the Legislative Forum will be earlier in the day from 12:30 pm – 2 pm. The Legislative Reception, from 6 pm – 7:30 pm on Tuesday, will be at the NC Museum of Natural Sciences and is a great opportunity to rub elbows with North Carolina legislators. Prior to the Museum Reception there will be a North Carolina REALTORS® Commercial Alliance mixer. Location and time will be announced at a later date so be looking for that information.
Of course, the highlight of both days is the REALTOR® Day on Wednesday as REALTORS® from across the state walk the halls of the General Assembly and visit with their legislators. This is an opportunity to discuss issues of importance to our industry with your elected officials and we welcome all that are interested to participate.
Please contact the TCAR office at 919-228-2588 if you have any questions.
The 2010 North Carolina Association of REALTORS® Legislative Meetings will be held June 7-9 in Raleigh. This is an important opportunity for REALTORS® from across the state to provide a unified voice for the real estate industry in North Carolina. The Legislative Committee will meet on Tuesday, June 8th from 2 pm -3:30 pm and the Legislative Forum will be earlier in the day from 12:30 pm – 2 pm. The Legislative Reception, from 6 pm – 7:30 pm on Tuesday, will be at the NC Museum of Natural Sciences and is a great opportunity to rub elbows with North Carolina legislators. Prior to the Museum Reception there will be a North Carolina REALTORS® Commercial Alliance mixer. Location and time will be announced at a later date so be looking for that information.
Of course, the highlight of both days is the REALTOR® Day on Wednesday as REALTORS® from across the state walk the halls of the General Assembly and visit with their legislators. This is an opportunity to discuss issues of importance to our industry with your elected officials and we welcome all that are interested to participate.
Please contact the TCAR office at 919-228-2588 if you have any questions.
Monday, May 10, 2010
New NCAR Member Discount, Community Service Workday
Members of the NC Association of REALTORS® could receive a special discount on car insurance from REALTOR® Partner, Nationwide®. Nationwide offers a FREE insurance review for all NC REALTORS®. Take advantage of this opportunity to get a free quote to find out what other discounts you may be eligible for and are not receiving with Nationwide or your current carrier. Click here to learn more and receive a free quote, your discount will be automatically applied: www.ncrealtorsauto.com .
This is just another way you can save money to help pay for your membership. All you need is your NRDS number so give us a yell if you don't know what that is.
Those of you signed up for the Golf Tournament at River Ridge tomorrow, make sure you get your mulligan package at $25 or purchase additional raffle tickets for $10. We're raffling off an Apple i-Pad and a Barnes and Noble Nook. Registration and breakfast starts at 7:30 with a shot gun start at 9:00. All beverages, and lunch are also included in the day.
Registration is now online for the TCAR Community Service Workday scheduled for May 21st from 9-1 at the Raleigh Rescue Mission. Go to www.tcar.com for more information and to sign up. You can tweet us at tcarkim or call the office at 919-228-2588 if you want to volunteer that way as well.
Lastly, if you're interested in the CCIM designation, the CCIM Calculator Class is still taking registrations for their class on May 18th from 9am to noon. The class is being held at 111 Realtor Way in Cary. To register go to www.ncccim.org .
This is just another way you can save money to help pay for your membership. All you need is your NRDS number so give us a yell if you don't know what that is.
Those of you signed up for the Golf Tournament at River Ridge tomorrow, make sure you get your mulligan package at $25 or purchase additional raffle tickets for $10. We're raffling off an Apple i-Pad and a Barnes and Noble Nook. Registration and breakfast starts at 7:30 with a shot gun start at 9:00. All beverages, and lunch are also included in the day.
Registration is now online for the TCAR Community Service Workday scheduled for May 21st from 9-1 at the Raleigh Rescue Mission. Go to www.tcar.com for more information and to sign up. You can tweet us at tcarkim or call the office at 919-228-2588 if you want to volunteer that way as well.
Lastly, if you're interested in the CCIM designation, the CCIM Calculator Class is still taking registrations for their class on May 18th from 9am to noon. The class is being held at 111 Realtor Way in Cary. To register go to www.ncccim.org .
Wednesday, May 5, 2010
The 1031 Tax Free Exchanges Class
For those of you that are trying to get those last courses in before the requirement with the North Carolina Real Estate Commission runs out, you might want to check out the residential boards schedule. On May 13th the Raleigh Regional Association of REALTORS, located at 111 Realtor Way in Cary, has a whole day of Continuing Education that may be of interest.
The first class is the Mandatory Update with Tom Mahlum from 8:30 am to 12:30 pm. Yes, it's a residential class but unless you're going to travel to see Cindy Chandler teach the commercial examples class, that's all that is left. We had our last commercial version back on April 1. Topics included in this class are Agency Disclosure Requirements, selected Property Management Issues, "Due Diligence" in residential transactions, licensing and education issues and North Carolina Real Estate agent safety.
The second class, the four hour elective course, may be of some interest to commercial brokers. It is the 1031 Tax Free Exchanges from 1:30 to 5:30 and is also being taught by Tom Mahlum. This course explores the history, evolution, rules and forms of the strategy used to defer tax liability until a later date. This class has tons of real-life examples and math calculations. Agents will learn the vocabulary and application of tax free exchanges so they are better able to answer client questions.
You can register online at www.rrar.com . You can also contact RRAR at 919-654-5400 or email CaraM@rrar.com with any questions you might have in regards to their continuing education classes.
The first class is the Mandatory Update with Tom Mahlum from 8:30 am to 12:30 pm. Yes, it's a residential class but unless you're going to travel to see Cindy Chandler teach the commercial examples class, that's all that is left. We had our last commercial version back on April 1. Topics included in this class are Agency Disclosure Requirements, selected Property Management Issues, "Due Diligence" in residential transactions, licensing and education issues and North Carolina Real Estate agent safety.
The second class, the four hour elective course, may be of some interest to commercial brokers. It is the 1031 Tax Free Exchanges from 1:30 to 5:30 and is also being taught by Tom Mahlum. This course explores the history, evolution, rules and forms of the strategy used to defer tax liability until a later date. This class has tons of real-life examples and math calculations. Agents will learn the vocabulary and application of tax free exchanges so they are better able to answer client questions.
You can register online at www.rrar.com . You can also contact RRAR at 919-654-5400 or email CaraM@rrar.com with any questions you might have in regards to their continuing education classes.
Monday, May 3, 2010
May: Save the Dates
There are several things going on this month so I thought I might throw out some dates for you to put into your calendar for this month.
First, on Tuesday May 11th is the 15th Annual Commercial Classic at River Ridge Golf Course in Raleigh. The cost is $65 per player with registration and breakfast starting at 7:30AM. You will have the option to spend some time at the driving range to practice your skills prior to tournament. Shotgun start is at 9:00AM.
There is a hole in one grand prize of $25,000, with three other hole in one prizes on the course. There also will be a Closest to the Pin and Longest Drive contest.
Afterwards, there will be a BBQ lunch and drinks will be provided throughout the day. You will have a chance to win great raffle prizes through the purchase of the Mulligan package and raffle tickets! Go to http://www.tcar.com/ or call the office at 919-228-2588 to register.
After you register, please call the number above or email Kim, kimb@tcar.com, with your handicap or average score.
Mulligans packages can be purchased for $25 prior to the event either online, by calling the office or on the tournament day.
The Triangle Community Coalition has a Luncheon Learn at 111 Realtor Way on Thursday May 13th called “You Know the Neuse…You Think You Know Jordan Lake…. Welcome to Falls Lake – The New Frontier in Watershed Protection.”
Water Quality, Land Development, and You: Why you should care about the future of Falls Lake. The State Environmental Management Commission is developing new rules to reduce nutrient loading from development and other sources within the Falls Lake Watershed.
The Commission is proposing far-reaching measures aimed at improving water quality in one of the region’s primary water supply watersheds. This program will provide insight into what owners and developers can do to influence the process and steps to take now to try to protect themselves from , or plan for, the impact of these changes.
Learn why everyone should be concerned about the outcome of this effort and the potential impacts to development, the environment, and regional politics.
Keynote speakers and panelists include:
Steven Levitas, Kilpatrick Stockton LLP Partner
Todd St. John, P.E./ LEED AP, Kimley-Horn and Associates Senior Environmental Engineer
Frank Thomas - HBA of Durham, Orange & Chatham Counties Director of Government Relations
You'll need to call TCC at 919-228-2599 to register at this point. The event is sponsored by Kimley-Horne and Associates.
Tuesday, May 18th, NC-CCIM and TCAR are bringing the CCIM Financial Calculator Class to Raleigh. Class is from 9amto Noon and will be held at 111 Realtor Way in Cary with instructors Sam DiFranco, CCIM and Bo Winn,CCIM.
This course is designed to provide an understanding of financial analysis tools, concepts and calculations necessary for commercial real estate. It will prepare the student for the calculations used in the CCIM Intro course and beyond. Students will be provided with an invaluable excel workbook that they will retain. An introduction to the CCIM designation and the process to obtain it will be presented.
Cost is $25 to all residential/commercial REALTORS®, CCIM designees/candidates, and NCCCIM members. Register at: http://www.nc-ccim.org/ .
Students will need a Laptop loaded with A FULL VERSION (activated) of Microsoft Excel, a basic understanding of NOI, discounting,compounding, and general commercial real estate knowledge. Macs with the most recent version of Excel will NOT be able to run the financial calculator spreadsheet.
Lastly, TCAR is holding their first Community Service Day at the Raleigh Rescue Mission on Friday, May 21st. We will be sorting items at the warehouse and possibly helping with warehouse set-up, sanitizing dishes, chairs, etc., in the kitchen, washing walls and washing vehicles. Register at http://www.tcar.com/ . For more information on the Raleigh Rescue Mission go to http://www.raleighrescue.org/about-us .
Whew! We'll be pretty busy this month. Hope to see everyone there.
First, on Tuesday May 11th is the 15th Annual Commercial Classic at River Ridge Golf Course in Raleigh. The cost is $65 per player with registration and breakfast starting at 7:30AM. You will have the option to spend some time at the driving range to practice your skills prior to tournament. Shotgun start is at 9:00AM.
There is a hole in one grand prize of $25,000, with three other hole in one prizes on the course. There also will be a Closest to the Pin and Longest Drive contest.
Afterwards, there will be a BBQ lunch and drinks will be provided throughout the day. You will have a chance to win great raffle prizes through the purchase of the Mulligan package and raffle tickets! Go to http://www.tcar.com/ or call the office at 919-228-2588 to register.
After you register, please call the number above or email Kim, kimb@tcar.com, with your handicap or average score.
Mulligans packages can be purchased for $25 prior to the event either online, by calling the office or on the tournament day.
The Triangle Community Coalition has a Luncheon Learn at 111 Realtor Way on Thursday May 13th called “You Know the Neuse…You Think You Know Jordan Lake…. Welcome to Falls Lake – The New Frontier in Watershed Protection.”
Water Quality, Land Development, and You: Why you should care about the future of Falls Lake. The State Environmental Management Commission is developing new rules to reduce nutrient loading from development and other sources within the Falls Lake Watershed.
The Commission is proposing far-reaching measures aimed at improving water quality in one of the region’s primary water supply watersheds. This program will provide insight into what owners and developers can do to influence the process and steps to take now to try to protect themselves from , or plan for, the impact of these changes.
Learn why everyone should be concerned about the outcome of this effort and the potential impacts to development, the environment, and regional politics.
Keynote speakers and panelists include:
Steven Levitas, Kilpatrick Stockton LLP Partner
Todd St. John, P.E./ LEED AP, Kimley-Horn and Associates Senior Environmental Engineer
Frank Thomas - HBA of Durham, Orange & Chatham Counties Director of Government Relations
You'll need to call TCC at 919-228-2599 to register at this point. The event is sponsored by Kimley-Horne and Associates.
Tuesday, May 18th, NC-CCIM and TCAR are bringing the CCIM Financial Calculator Class to Raleigh. Class is from 9amto Noon and will be held at 111 Realtor Way in Cary with instructors Sam DiFranco, CCIM and Bo Winn,CCIM.
This course is designed to provide an understanding of financial analysis tools, concepts and calculations necessary for commercial real estate. It will prepare the student for the calculations used in the CCIM Intro course and beyond. Students will be provided with an invaluable excel workbook that they will retain. An introduction to the CCIM designation and the process to obtain it will be presented.
Cost is $25 to all residential/commercial REALTORS®, CCIM designees/candidates, and NCCCIM members. Register at: http://www.nc-ccim.org/ .
Students will need a Laptop loaded with A FULL VERSION (activated) of Microsoft Excel, a basic understanding of NOI, discounting,compounding, and general commercial real estate knowledge. Macs with the most recent version of Excel will NOT be able to run the financial calculator spreadsheet.
Lastly, TCAR is holding their first Community Service Day at the Raleigh Rescue Mission on Friday, May 21st. We will be sorting items at the warehouse and possibly helping with warehouse set-up, sanitizing dishes, chairs, etc., in the kitchen, washing walls and washing vehicles. Register at http://www.tcar.com/ . For more information on the Raleigh Rescue Mission go to http://www.raleighrescue.org/about-us .
Whew! We'll be pretty busy this month. Hope to see everyone there.
Wednesday, April 28, 2010
NAR Legislative Advocacy for Commercial Real Estate Issues
Below are Legislative Advocacy that has ben done for Commercial Real Estate by NAR over the past two months.
April 27, 2010
Monthly Commercial Update
NAR Treasurer Jim Helsel discussed the upcoming NAR Mid-Year Meetings. Commercial real estate will be one of the five main talking points Realtors will discuss with members of Congress on their visits to the Hill. NAR members will be asking for three specific points: (1) increase the cap on credit union business lending from 12.5 percent to 25 percent of total assets; (2) urge the Treasury and the Federal Reserve to encourage simple loan extensions for properties that can support their current debt; and (3) hold a congressional hearing very soon specifically on the problems plaguing commercial real estate.
April 21, 2010
NAR Testified on the National Flood Insurance Program
Moe Veissi, NAR 2010 First Vice President, testified at hearing titled "Legislative Proposals To Reform the National Flood Insurance Program" before the U.S. House of Representatives Committee on Financial Services Subcommittee on Housing and Community Opportunity. NAR supports at minimum a five-year NFIP reauthorization to provide certainty to a recovering real estate market as well as to the millions of taxpayers and businesses that depend on the program for flood insurance.
April 21, 2010
NAR Provided Input on Several Pieces of Legislation
NAR submitted a letter to Representatives Barney Frank (D-MA) and Spencer Bachus (R-AL) on several property insurance-related pieces of legislation to be marked-up. NAR stated its support for a comprehensive solution that ensures the availability and affordability of natural disaster, flood, and wind insurance for property owners.
A “mark-up” refers to the meeting of a Committee held to review the text of a bill before reporting it out.
April 12, 2010
Commercial Roundtable Meeting with U.S. Georgia Congressman David Scott
Members from the Atlanta Commercial Board of REALTORS® met with Rep. Scott to discuss liquidity issues facing the commercial real estate industry. Members provided anecdotal stories regarding the difficulty of obtaining new commercial loans as well as refinancing existing loans. Specifically, members discussed the challenge of refinancing commercial properties that are performing. Additionally, members presented a variety of ways that Congress can help jumpstart the commercial markets, which included: relaxing mark-to-market accounting rules, incentives for banks to make loans, and foreclosure mitigation. The Congressman was very attentive and grateful for the members’ input.
April 12, 2010
Commercial Roundtable Meeting with U.S. Texas Congressman Kevin Brady
Members from the Houston Association of REALTORS® attended a Roundtable meeting with Rep. Brady to discuss the ongoing problems in the commercial real estate industry. Also included in this meeting were representatives from the FDIC, Federal Reserve, Office of the Comptroller of the currency, and leaders in the banking & commercial real estate community. Rep. Brady and the federal regulatory agencies were very appreciative of the input from members.
March 30, 2010
Commercial Roundtable Meeting with U.S. Georgia Congressman Tom Price
Members from the Atlanta Board of REALTORS® and Atlanta Commercial Board of REALTORS® met with Rep. Price to discuss liquidity issues facing the commercial real estate industry. Members shared their stories regarding their difficulties in obtaining credit for capital as well as for refinancing of performing loans. Members also discussed the proposed tax treatment of carried interest as ordinary income, renewal of the 15-year depreciation schedule on leasehold improvements, and new FASB proposals to change to mark-to-market rules. Price was very appreciative of the information provided by commercial roundtable meeting attendees. Members from ICSC, NAIOP, and ACBR were also present during the meeting.
March 24, 2010
NAR Urged for an Extension of TALF in Letter to Lawmakers
As the Federal Reserve Board unwinds its emergency liquidity programs, NAR urged members of the U.S. House Committee on Financial Services to continue to address the tremendous challenges facing the commercial mortgage market. Specifically, NAR encouraged the extension of the Term Asset-Backed Securities Loan Facility (TALF) for legacy and newly issued commercial mortgage-backed securities (CMBS) through the end of 2010.
March 17, 2010
NAR Opposed Medicare Hospital Insurance Premium
In a letter to Congress, NAR expressed its opposition to the proposal in the health care measure that would, for the first time, impose the Medicare Hospital Insurance premium in unearned income, including rents.
March 10, 2010
NAR Testified on Natural Disaster Insurance
Charles McMillan, NAR Immediate Past President, testified before the U.S. House of Representatives Committee on Financial Services Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government-Sponsored Entities at hearing titled "Approaches To Mitigating and Managing Natural Catastrophe Risk: H.R. 2555, the Homeowners' Defense Act."
March 3, 2010
NAR Signed onto the Family Business Estate Tax Coalition (FBETC)
NAR cosigned letter to U.S. House /Senate leaders, urging passage of estate tax reform legislation. Also, urged raising cap on Credit Unions and asked U.S. House Reps to cosponsor H.R. 3380, “Promoting Lending to America’s Small Business Act of 2009.”
March 2, 2010
NAR Submitted Statement on Small Business Lending
Re: “Restoring Credit to Main Street: Proposals to Fix Small Business Borrowing and Lending Problems.” NAR asked Congress to improve lending through the various measures.
March, 2010
Commercial REALTORS® Continue to Set Up Roundtable Meetings With Lawmakers Addressed liquidity problems with Reps. Scott (D-GA), Price (R-NC), and Meeks (D-NY).
February 26, 2010
NAR Submitted Statement on Small Business and Commercial Real Estate Lending
Participated in joint hearing on “Small Business and Commercial Lending.” NAR presented a variety of policy measures to improve lending access for small businesses.
February 25, 2010
NAR Urged Financial Regulatory Reform in Letter to Senators Dodd & Shelby
The letter asked policymakers to ensure that reforms aimed at the securitized credit markets are customized and applied appropriately for commercial real estate finance that create liquidity, promote sound practices and transparency.
February 25, 2010
Fed Responds to Lawmakers’ Concern Regarding Commercial Real Estate Loan Workouts
The Federal Reserve (Fed) responded to a joint letter from 79 members of Congress, which urged the U.S. Treasury and Fed to take a more active role in commercial real estate credit markets. The Fed stated that the assessment of commercial real estate exposures is one of its “highest priorities.” The Fed also intends to continue to analyze commercial real estate markets as well as the effectiveness of its supervisory guidance. Furthermore, the Fed also believes its ongoing industry and examiner outreach will be critical as regulatory agencies and the industry work through challenging issues in the commercial real estate credit markets. NAR and Commercial REALTOR leaders worked with Congress on the letter to the U.S. Treasury and Federal Reserve and encouraging cosigners.
February 24, 2010
Commercial Real Estate Webinar
NAR hosted a webinar for all commercial affiliates, large commercial real estate firms, and real estate-related organizations. The purpose of the webinar was to update groups on NAR’s policy priorities and to receive input on additional possible solutions to the commercial liquidity crisis.
April 27, 2010
Monthly Commercial Update
NAR Treasurer Jim Helsel discussed the upcoming NAR Mid-Year Meetings. Commercial real estate will be one of the five main talking points Realtors will discuss with members of Congress on their visits to the Hill. NAR members will be asking for three specific points: (1) increase the cap on credit union business lending from 12.5 percent to 25 percent of total assets; (2) urge the Treasury and the Federal Reserve to encourage simple loan extensions for properties that can support their current debt; and (3) hold a congressional hearing very soon specifically on the problems plaguing commercial real estate.
April 21, 2010
NAR Testified on the National Flood Insurance Program
Moe Veissi, NAR 2010 First Vice President, testified at hearing titled "Legislative Proposals To Reform the National Flood Insurance Program" before the U.S. House of Representatives Committee on Financial Services Subcommittee on Housing and Community Opportunity. NAR supports at minimum a five-year NFIP reauthorization to provide certainty to a recovering real estate market as well as to the millions of taxpayers and businesses that depend on the program for flood insurance.
April 21, 2010
NAR Provided Input on Several Pieces of Legislation
NAR submitted a letter to Representatives Barney Frank (D-MA) and Spencer Bachus (R-AL) on several property insurance-related pieces of legislation to be marked-up. NAR stated its support for a comprehensive solution that ensures the availability and affordability of natural disaster, flood, and wind insurance for property owners.
A “mark-up” refers to the meeting of a Committee held to review the text of a bill before reporting it out.
April 12, 2010
Commercial Roundtable Meeting with U.S. Georgia Congressman David Scott
Members from the Atlanta Commercial Board of REALTORS® met with Rep. Scott to discuss liquidity issues facing the commercial real estate industry. Members provided anecdotal stories regarding the difficulty of obtaining new commercial loans as well as refinancing existing loans. Specifically, members discussed the challenge of refinancing commercial properties that are performing. Additionally, members presented a variety of ways that Congress can help jumpstart the commercial markets, which included: relaxing mark-to-market accounting rules, incentives for banks to make loans, and foreclosure mitigation. The Congressman was very attentive and grateful for the members’ input.
April 12, 2010
Commercial Roundtable Meeting with U.S. Texas Congressman Kevin Brady
Members from the Houston Association of REALTORS® attended a Roundtable meeting with Rep. Brady to discuss the ongoing problems in the commercial real estate industry. Also included in this meeting were representatives from the FDIC, Federal Reserve, Office of the Comptroller of the currency, and leaders in the banking & commercial real estate community. Rep. Brady and the federal regulatory agencies were very appreciative of the input from members.
March 30, 2010
Commercial Roundtable Meeting with U.S. Georgia Congressman Tom Price
Members from the Atlanta Board of REALTORS® and Atlanta Commercial Board of REALTORS® met with Rep. Price to discuss liquidity issues facing the commercial real estate industry. Members shared their stories regarding their difficulties in obtaining credit for capital as well as for refinancing of performing loans. Members also discussed the proposed tax treatment of carried interest as ordinary income, renewal of the 15-year depreciation schedule on leasehold improvements, and new FASB proposals to change to mark-to-market rules. Price was very appreciative of the information provided by commercial roundtable meeting attendees. Members from ICSC, NAIOP, and ACBR were also present during the meeting.
March 24, 2010
NAR Urged for an Extension of TALF in Letter to Lawmakers
As the Federal Reserve Board unwinds its emergency liquidity programs, NAR urged members of the U.S. House Committee on Financial Services to continue to address the tremendous challenges facing the commercial mortgage market. Specifically, NAR encouraged the extension of the Term Asset-Backed Securities Loan Facility (TALF) for legacy and newly issued commercial mortgage-backed securities (CMBS) through the end of 2010.
March 17, 2010
NAR Opposed Medicare Hospital Insurance Premium
In a letter to Congress, NAR expressed its opposition to the proposal in the health care measure that would, for the first time, impose the Medicare Hospital Insurance premium in unearned income, including rents.
March 10, 2010
NAR Testified on Natural Disaster Insurance
Charles McMillan, NAR Immediate Past President, testified before the U.S. House of Representatives Committee on Financial Services Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government-Sponsored Entities at hearing titled "Approaches To Mitigating and Managing Natural Catastrophe Risk: H.R. 2555, the Homeowners' Defense Act."
March 3, 2010
NAR Signed onto the Family Business Estate Tax Coalition (FBETC)
NAR cosigned letter to U.S. House /Senate leaders, urging passage of estate tax reform legislation. Also, urged raising cap on Credit Unions and asked U.S. House Reps to cosponsor H.R. 3380, “Promoting Lending to America’s Small Business Act of 2009.”
March 2, 2010
NAR Submitted Statement on Small Business Lending
Re: “Restoring Credit to Main Street: Proposals to Fix Small Business Borrowing and Lending Problems.” NAR asked Congress to improve lending through the various measures.
March, 2010
Commercial REALTORS® Continue to Set Up Roundtable Meetings With Lawmakers Addressed liquidity problems with Reps. Scott (D-GA), Price (R-NC), and Meeks (D-NY).
February 26, 2010
NAR Submitted Statement on Small Business and Commercial Real Estate Lending
Participated in joint hearing on “Small Business and Commercial Lending.” NAR presented a variety of policy measures to improve lending access for small businesses.
February 25, 2010
NAR Urged Financial Regulatory Reform in Letter to Senators Dodd & Shelby
The letter asked policymakers to ensure that reforms aimed at the securitized credit markets are customized and applied appropriately for commercial real estate finance that create liquidity, promote sound practices and transparency.
February 25, 2010
Fed Responds to Lawmakers’ Concern Regarding Commercial Real Estate Loan Workouts
The Federal Reserve (Fed) responded to a joint letter from 79 members of Congress, which urged the U.S. Treasury and Fed to take a more active role in commercial real estate credit markets. The Fed stated that the assessment of commercial real estate exposures is one of its “highest priorities.” The Fed also intends to continue to analyze commercial real estate markets as well as the effectiveness of its supervisory guidance. Furthermore, the Fed also believes its ongoing industry and examiner outreach will be critical as regulatory agencies and the industry work through challenging issues in the commercial real estate credit markets. NAR and Commercial REALTOR leaders worked with Congress on the letter to the U.S. Treasury and Federal Reserve and encouraging cosigners.
February 24, 2010
Commercial Real Estate Webinar
NAR hosted a webinar for all commercial affiliates, large commercial real estate firms, and real estate-related organizations. The purpose of the webinar was to update groups on NAR’s policy priorities and to receive input on additional possible solutions to the commercial liquidity crisis.
Saturday, April 24, 2010
TCREW Champion Awards and Upcoming TCAR Events
We hope you are planning to be among the 400+ attending the Triangle CREW Champion Awards luncheon on April 29th at the Sheraton Imperial in Durham. The TCREW Champion Awards is an annual program that honors leaders, deals and projects in the Triangle commercial real estate industry.
Also coming up is the 15th Annual TCAR Commercial Classic on Tuesday, May 11th. Again, this year's tournanment will be held at the River Ridge Golf Club, 3225 Auburn Knightdale Road, in Raleigh. Registration and breakfast begins at 7:30am with a shot gun start at 9:00. The Hole in One prize is $25,000 cash, with additional hole in one prizes that include an electronics package and airline tickets. Price is $65 a golfer and $25 for the mulligan package that includes two raffle tickets for the drawings during the barbecue lunch after the tournament. Go to http://www.tcar.com/ to register for both or call the office at 919-228-2588.
On Tuesday, May 18th, TCAR is partnering with the NC CCIM chapter to bring the Calculator class. Classes will be held at the residential board, 111 Realtor Way, in Cary. This course is designed to provide an understanding of financial analysis tools, concepts and calculations necessary for commercial real estate. It will prepare the student for the calculations used in the CCIM Intro course and beyond. Students will be provided with an excel workbook that they will retain. An introduction to the CCIM designation and the process to obtain it will be presented. Classes are $25 a person to all residential/commercial REALTORS®, CCIM designees/candidates, and NCCCIM members. Register at http://www.nc-ccim.org/ . Students will require a laptop loaded with A FULL VERSION (activated) of Microsoft Excel. You'll also need a basic understanding of NOI, discounting,compounding, and general commercial real estate knowledge. Macs with the most recent version of Excel will NOT be able to run the financial calculator spreadsheet.
Lastly, on Friday May 21st, TCAR will hold it's first Community Service Day with the Raleigh Rescue Mission from 9:00 to 1:00. We'll be sorting items at the warehouse and possibly helping with warehouse set-up, sanitizing dishes, chairs, etc., in the kitchen, washing walls and washing vehicles. The Raleigh Rescue Mission is located at 314 East Hargett Street in Raleigh. For more information on the Raleigh Rescue Mission go to http://www.raleighrescue.org/aboutus . Registration will be posted online at www.tcar.com this coming week. You can also tweet tcarkim or email kimb@tcar.com to register.
TCAR looks forward to seeing everyone at all the events. Thank you for your membership and keep checking the website, twitter, the blog or your email box for updates and more information.
Also coming up is the 15th Annual TCAR Commercial Classic on Tuesday, May 11th. Again, this year's tournanment will be held at the River Ridge Golf Club, 3225 Auburn Knightdale Road, in Raleigh. Registration and breakfast begins at 7:30am with a shot gun start at 9:00. The Hole in One prize is $25,000 cash, with additional hole in one prizes that include an electronics package and airline tickets. Price is $65 a golfer and $25 for the mulligan package that includes two raffle tickets for the drawings during the barbecue lunch after the tournament. Go to http://www.tcar.com/ to register for both or call the office at 919-228-2588.
On Tuesday, May 18th, TCAR is partnering with the NC CCIM chapter to bring the Calculator class. Classes will be held at the residential board, 111 Realtor Way, in Cary. This course is designed to provide an understanding of financial analysis tools, concepts and calculations necessary for commercial real estate. It will prepare the student for the calculations used in the CCIM Intro course and beyond. Students will be provided with an excel workbook that they will retain. An introduction to the CCIM designation and the process to obtain it will be presented. Classes are $25 a person to all residential/commercial REALTORS®, CCIM designees/candidates, and NCCCIM members. Register at http://www.nc-ccim.org/ . Students will require a laptop loaded with A FULL VERSION (activated) of Microsoft Excel. You'll also need a basic understanding of NOI, discounting,compounding, and general commercial real estate knowledge. Macs with the most recent version of Excel will NOT be able to run the financial calculator spreadsheet.
Lastly, on Friday May 21st, TCAR will hold it's first Community Service Day with the Raleigh Rescue Mission from 9:00 to 1:00. We'll be sorting items at the warehouse and possibly helping with warehouse set-up, sanitizing dishes, chairs, etc., in the kitchen, washing walls and washing vehicles. The Raleigh Rescue Mission is located at 314 East Hargett Street in Raleigh. For more information on the Raleigh Rescue Mission go to http://www.raleighrescue.org/aboutus . Registration will be posted online at www.tcar.com this coming week. You can also tweet tcarkim or email kimb@tcar.com to register.
TCAR looks forward to seeing everyone at all the events. Thank you for your membership and keep checking the website, twitter, the blog or your email box for updates and more information.
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