How was Your Commercial Market in 2011 Q4?

NAR is looking for information about your commercial market activity. Your responses help inform members and markets about the direction of commercial markets, sales, pricing, and leasing activity.

Please take a few moments to respond to the brief Commercial Real Estate Market Survey, covering 4th Quarter 2011 sales and leasing activity. The survey takes about 5 minutes. Your individual responses on these important issues will remain completely confidential.

Please go to http://www.zoomerang.com/Survey/WEB22EDSTTDJSN by January 20, 2012. The results of this survey will be emailed to respondents in an advanced report before its official release.

If you have any questions, please contact NAR Research at (202) 383-1033

Unified Commercial Real Estate Finalizes $3.7M Wake Forest Deal

Vijay Shah of Unified Commercial Real Estate, a Triangle-area commercial real estate brokerage, represented Heritage Realty of Chapel in their purchase of the Shoppes at Heritage in Wake Forest.

Shah, a Certified Commercial Investment Manager, negotiated the $3.7M transaction. The fully-leased, 22,000SF retail center in Wake Forest boasts a strong mix of tenants, such as Little Caesar’s, Da Vinci’s Pork Store, O’Dwyer’s Irish Pub, 101 Wine and Triangle Dry Cleaning. Several tenants recently signed renewals, underscoring the success of the Wake Forest retail center.

Heritage Realty of Chapel was seeking to invest in 100% leased incoming-producing asset in the Raleigh-Durham area. With twenty years of commercial real estate experience specializing in retail leasing and investment sales, Shah utilized Unified Commercial’s custom real estate database to connect Heritage Realty of Chapel with the properties that best fit their investment strategy.

About Unified Commercial Real EstateUnified Commercial Real Estate is based in Raleigh, NC. A full service real estate brokerage firm with a national scope, Unified Commercial focuses on single and multi-tenant retail, hotel and retail development, as well as leasing transactions. Real estate investments are more than just a rent roll and cap rates. Unified Commercial is a member of Retail Brokers Network, an invitation only network whose members specialize in retail real estate. www.uncre.com

TCAR Announces 2012 Board of Directors

The Triangle Commercial Association of REALTORS®, announced its 2012 board of directors. The organization serves real estate practitioners, appraisers, property managers and other professionals within a 14-county area. TCAR is the second largest commercial overlay board in North Carolina with 600 members.

2012 board members include:

Executive Committee

Kerry Saunders, NAI Carolantic Realty, Inc., President
Joni Barnes, Dilweg Commercial Inc., President-Elect
Hunt Wyche, Commercial Associates, Treasurer
Shane Bull, NAI Carolantic Realty, Inc., Past President

Board Members

Christina Coffey, Hunter & Associates
Kathy Gigac, Colliers International
Justin Good, Cassidy Turley
Beth Harrelson, Professional Mortgage of NC
Bill Harwell, KW Commercial
Scott Hurst, CBC Advantage
John Linderman, Grubb & Ellis|Thomas Linderman Graham
Bill White, White Oak Commercial
Matthew Winters, Grubb & Ellis|Thomas Linderman Graham

“For two decades, TCAR members have worked together to maintain high standards of professionalism in the industry,” says Kerry Saunders, TCAR president. “Our goal is to provide our members with superior resources and services through continued support of Tacquire, educational opportunities, and networking events. We look forward to working with our members to achieve this goal.”

TCAR provides resources that assist members in successfully managing and growing their businesses. Kim Brennan, executive officer, and Jennifer Copersito, executive assistant, work with members on daily operations as well as TCAR events. In 2010, the organization formed Tacquire, a commercial information exchange that brings in-depth research tools to its members. Tacquire tracks office, industrial, retail and specialty space available for lease across the Triangle region, as well as buildings and land being marketed for sale.

Broker Open House at Cap Trust Tower

Regis is holding a a broker open house for the grand opening of Cap Trust Tower located at 4208 Six Forks Road, Suite 1000 in Raleigh on January 10th from 11:30-1:30.

The first twenty brokers to arrive will receive a $50 gift card. Also, the first twenty qualified leads that are received prior to the day of the open house will also receive a $50 gift card.

Make sure you bring your business card so that you can register to win one of two $250 gift cards.

RSVP to Tracy Craig at 919-931-1415 or email: tracy.craig@regus.com.

FROM THE NAR LEADERSHIP

NAR Treasurer Bill Armstrong: Our Commercial Priorities

With the new year upon us, I thought I'd use my podcast this month to examine what's in store for the commercial real estate industry in 2012. In the coming year, REALTORS® will be working on key issues such as easing the contraction in small-business lending, bridging an equity gap, and increasing bank liquidity. You can be sure that finding solutions to these issues is a priority for NAR and will go a long way toward setting the industry on a path for growth.

Listen to NAR Treasurer Bill Armstrong's latest Commericial Podcast >

NAR Needs Your Feedback

A message from Maurice “Moe” Veissi, 2012 NAR President:


This is just a reminder that NAR needs your feedback as soon as possible. REALTORS® play an important role in the public policy arena. Whether at the federal, state or local level, public policy not only affects the real estate business, but also the consumers we serve.

At the federal level, the National Association of REALTORS® is monitoring a number of public policy issues encompassing housing, real estate finance, tax and environmental policy that affect residential and commercial real estate.

As NAR prepares its 2012 Public Policy Agenda, we want to hear from you. The link below will take you to a survey that asks for your views regarding federal public policy issues.

http://www.zoomerang.com/Survey/WEB22E47V5J5E6

We hope you will take a few minutes to give us your thoughts. With your help, we can make sure that our public policy resources are targeted appropriately on the issues that matter most to you and your clients.

To show our appreciation, you also will have an opportunity to enter a sweepstakes drawing for a $100 gift card before submitting your survey responses.

Please be assured that your individual responses will remain confidential - only summaries of survey results will be made available.

Thank you.

Maurice “Moe” Veissi
2012 NAR President

Dale Stinton, CAE, CPA, CMA, RCE
NAR CEO

Government Affairs Update

NAR Comments on SEC Concept Release

NAR recently signed a letter with 12 real estate organizations regarding a request for public comment (Concept Release) from the Securities and Exchange Commission (SEC) on the treatment of asset-backed issuers as well as mortgage real estate investment trusts (REITS) and other mortgage-related pools under the Investment Company Act of 1940. NAR is concerned that the Concept Release could signal impending regulatory burdens for mortgage REITs and would inhibit the prospect of a restart of non-agency mortgage securitization and negatively impact credit capacity for real estate. While the concept release does not propose any specific rules, it states that the SEC is reviewing various interpretive issues as to how Section 3(c)(5)(C) of the Investment Company Act of 1940 is and should be applied and requests input on those issues.
Read the Coalition Letter
Read the SEC Release

NAR, Other Organizations Support Community Businesses
NAR and a number of other organizations have sent a letter thanking Senators Mike Enzi (R-WY), Dick Durbin (D-IL), and Lamar Alexander (R-TN) for introducing S. 1832, the Marketplace Fairness Act. The bill would help states and local governments collect much-needed revenue and level the playing field for community-based businesses by allowing states to enforce sales taxes on goods sold to their citizens from out of state. By putting catalogues and online retailers on an even playing field with local brick-and-mortar businesses, the bill will protect local jobs, promote community investment, and maintain local access to essential goods and services.