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.
Wednesday, April 28, 2010
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.
Thursday, April 22, 2010
NC REALTORS Government Affairs Update
Legislative Commission on Global Climate Change
Last week’s meeting of the Commission on Global Climate Change centered on its final report to be submitted to the General Assembly before the start of the 2010 legislative session. The draft report is a lengthy combination of findings on climate and environmental matters which could affect North Carolina in the future. There are many findings in the draft which pertain to every aspect of the environment but one recommendation of note is to direct the General Assembly to study the policy of requiring disclosure of potential hazards to purchasers of coastal property. The Commission will hold its final meeting on May 5th and NCAR staff will be in attendance.
Finance Committees Discuss Corporate Tax IssuesBusiness taxes were the focus of the sixth meeting of the House and Senate Finance Committees, held this week in Raleigh. Presentations were given by several General Assembly staff members detailing the corporate income and franchise tax structures in North Carolina and how taxes and economic development are interrelated. Another staff member and Jason Jolley, a Senior Research Director with UNC’s Center for Competitive Economies, also presented information regarding North Carolina’s economic development incentives program and the use of business tax credits to promote economic development. Click here to access the meeting presentations. The final meeting will take place on April 28th and this discussion is expected to continue.
Last week’s meeting of the Commission on Global Climate Change centered on its final report to be submitted to the General Assembly before the start of the 2010 legislative session. The draft report is a lengthy combination of findings on climate and environmental matters which could affect North Carolina in the future. There are many findings in the draft which pertain to every aspect of the environment but one recommendation of note is to direct the General Assembly to study the policy of requiring disclosure of potential hazards to purchasers of coastal property. The Commission will hold its final meeting on May 5th and NCAR staff will be in attendance.
Finance Committees Discuss Corporate Tax IssuesBusiness taxes were the focus of the sixth meeting of the House and Senate Finance Committees, held this week in Raleigh. Presentations were given by several General Assembly staff members detailing the corporate income and franchise tax structures in North Carolina and how taxes and economic development are interrelated. Another staff member and Jason Jolley, a Senior Research Director with UNC’s Center for Competitive Economies, also presented information regarding North Carolina’s economic development incentives program and the use of business tax credits to promote economic development. Click here to access the meeting presentations. The final meeting will take place on April 28th and this discussion is expected to continue.
Wednesday, April 14, 2010
NAR Requests TALF Extension in Letter
Last week, the National Association of REALTORS submitted a letter before the House Financial Services Committee hearing on "Unwinding Emergency Federal Reserve Liquidity Programs and Implications for Economic Recovery." Specifically, NAR asked policymakers to extend the Term Asset-Backed Securities Loan Facility (TALF) for legacy and new newly issued commercial mortgage-backed securities (CMBS) through the end of 2010.
Last November, the first CMBS in over eighteen months was sold with the assistance from TALF. Additional loans are now in the program's pipeline. However, due to the long-term nature and complexity of putting together CMBS deals-often taking between six months and two years to complete - potential investors will be excluded from participation as a result of the March 31, 2010 and June 30, 2010, sunset dates for legacy and newly issued CMBS, respectively. Given additional time, TALF will continue to help thaw the nearly frozen private commercial mortgage markets.
TALF was created last year in an effort to thaw the frozen $900 billion CMBS market, which has been a significant source of funding for the commercial real estate industry in the past decade. Under the program, the Federal Reserve provides investors with low-cost loans to buy securities backed by commercial real estate debt. It is estimated that roughly a dozen more CMBS deals are in the works, with most investors hoping to tap into TALF.
Last November, the first CMBS in over eighteen months was sold with the assistance from TALF. Additional loans are now in the program's pipeline. However, due to the long-term nature and complexity of putting together CMBS deals-often taking between six months and two years to complete - potential investors will be excluded from participation as a result of the March 31, 2010 and June 30, 2010, sunset dates for legacy and newly issued CMBS, respectively. Given additional time, TALF will continue to help thaw the nearly frozen private commercial mortgage markets.
TALF was created last year in an effort to thaw the frozen $900 billion CMBS market, which has been a significant source of funding for the commercial real estate industry in the past decade. Under the program, the Federal Reserve provides investors with low-cost loans to buy securities backed by commercial real estate debt. It is estimated that roughly a dozen more CMBS deals are in the works, with most investors hoping to tap into TALF.
Tuesday, February 23, 2010
From NAR: Commercial Real Estate Liquidity
I received this email from NAR Government Affairs and thought it was important to pass along. I also think it is important that not only should our association send this letter, but commercial brokers as well. The letter is as follows:
" Several state associations have expressed concerns about commercial real estate liquidity. NAR shares these concerns and have drafted a letter for state and local associations to send to their members of Congress. Please use this letter as you see fit. The letter can be signed and should be on association (company) letter head. If you have any questions contact Megan Booth MBooth@realtors.org or Vijay Yadlapati VYadlapati@realtors.org ." The letter is as follows and a link will be provided at the bottom so that you might download it and send it off.
February 22, 2010
Dear Representative (Insert member of Congress. You can google that information)
A crisis is looming in the commercial real estate market. This will not just be a disaster for commercial real estate investors and property owners - but for the entire economy. Commercial real estate supports more than nine million jobs and generates billions of dollars in federal, state and local tax revenue. ( Company or your name) is very concerned about this growing problem, and believes that solutions are needed to avoid this potential crisis.
We support H.R. 3380, the "Promoting Lending to America's Small Businesses Act of 2009" introduced by Reps. Kanjorski (D-PA) and Royce (R-CA) that would increase the cap on credit union commercial lending to 25% of total assets. During previous crisis' consumers and businesses have relied on credit unions to fill in the gaps where banks cannot serve them. But today they are hampered by a lending cap of 12.25% of total assets.
We also believe there are a number of other proposals that are worthy of serious consideration. These include solutions to the equity gap which prevent properties with an otherwise performing loan from refinancing when the property has a value of less than the current debt. Improved cash flow for investors/owners of commercial real estate would help to fend off some of the challenges the market faces. The most effective means of improving cash flow on real property is to provide more generous depreciation allowances. We believe that some combination of accelerated depreciation (or shorter recovery periods) and passive loss relief would be significant investor incentives.
In addition, we urge an extension of the Troubled Asset Loan Facility (TALF). TALF assisted with the first issue of new commercial mortgage backed securities (CMBS) in more than 18 months just last November. TALF authority for legacy ( previously issued ) CMBS expires March 31st, 2010. The authority for new issues expires June 30th, 2010. TALF has played a valuable role in restoring investor confidence. We believe that TALF should be given additional time so that it may continue to jumpstart the private commercial mortgage markets.
There is no easy solution to the commercial liquidity crisis and there is no silver bullet to address all types of properties. However, doing nothing will certainly spell disaster. We urge Congress to look at all viable solutions and take immediate steps to address this serious problem that can impact every community in our nation.
Sincerely,
Now, to download this letter go to http://go-to.realtor.org/r/GKGA4R/B528B/S3Y2HC/CHCNF/NL9DE/LE/h/
Sign and send it to your Congressional Representative today
" Several state associations have expressed concerns about commercial real estate liquidity. NAR shares these concerns and have drafted a letter for state and local associations to send to their members of Congress. Please use this letter as you see fit. The letter can be signed and should be on association (company) letter head. If you have any questions contact Megan Booth MBooth@realtors.org or Vijay Yadlapati VYadlapati@realtors.org ." The letter is as follows and a link will be provided at the bottom so that you might download it and send it off.
February 22, 2010
Dear Representative (Insert member of Congress. You can google that information)
A crisis is looming in the commercial real estate market. This will not just be a disaster for commercial real estate investors and property owners - but for the entire economy. Commercial real estate supports more than nine million jobs and generates billions of dollars in federal, state and local tax revenue. ( Company or your name) is very concerned about this growing problem, and believes that solutions are needed to avoid this potential crisis.
We support H.R. 3380, the "Promoting Lending to America's Small Businesses Act of 2009" introduced by Reps. Kanjorski (D-PA) and Royce (R-CA) that would increase the cap on credit union commercial lending to 25% of total assets. During previous crisis' consumers and businesses have relied on credit unions to fill in the gaps where banks cannot serve them. But today they are hampered by a lending cap of 12.25% of total assets.
We also believe there are a number of other proposals that are worthy of serious consideration. These include solutions to the equity gap which prevent properties with an otherwise performing loan from refinancing when the property has a value of less than the current debt. Improved cash flow for investors/owners of commercial real estate would help to fend off some of the challenges the market faces. The most effective means of improving cash flow on real property is to provide more generous depreciation allowances. We believe that some combination of accelerated depreciation (or shorter recovery periods) and passive loss relief would be significant investor incentives.
In addition, we urge an extension of the Troubled Asset Loan Facility (TALF). TALF assisted with the first issue of new commercial mortgage backed securities (CMBS) in more than 18 months just last November. TALF authority for legacy ( previously issued ) CMBS expires March 31st, 2010. The authority for new issues expires June 30th, 2010. TALF has played a valuable role in restoring investor confidence. We believe that TALF should be given additional time so that it may continue to jumpstart the private commercial mortgage markets.
There is no easy solution to the commercial liquidity crisis and there is no silver bullet to address all types of properties. However, doing nothing will certainly spell disaster. We urge Congress to look at all viable solutions and take immediate steps to address this serious problem that can impact every community in our nation.
Sincerely,
Now, to download this letter go to http://go-to.realtor.org/r/GKGA4R/B528B/S3Y2HC/CHCNF/NL9DE/LE/h/
Sign and send it to your Congressional Representative today
Friday, February 5, 2010
REALTORS Core Health Insurance Information
Did you know that 30% of all NAR members are without health insurance? It's true according to a recent survey conducted by the Association. NAR has teamed up with SASid (Smart and Simple insurance development) and created the REALTORS Core Health Insurance (RCHI) program. The program not only features guaranteed coverage , but also offers affordable plan options and members have the freedom to choose their provider.
Here are the most frequently asked questions:
How can RCHI help?
RCHI provides opportunities to those who have struggled to gain coverage by providing guaranteed-acceptance and accessible medical insurance. It also makes existing coverage more affordable by allowing members to adjust their current deductible and supplementing it with an RCHI plan.
What is the difference between Major Medical and Limited Medical Insurance?
It is important to understand the difference between Major Medical (comprehensive coverage) and Limited Medical Insurance. Major Medical provides catastrophic coverage and high limits of coverage (typically $1 million or more). Limited Medical (RCHI) provides the guarantee of affordable insurance but limits its its coverage to everyday illnesses and accidents. In addition, the maximum benefits paid in each medical situation are capped.
What is a PPO and what doctors does it include?
A Preferred Provider Organization (PPO) is a network of doctors and hospitals that contract with an insurance company or employer to provide employees with services at competitive rates. Covered members and dependants can use any licensed medical provider. Those who attend a medical provider who is a part of the Beech Street Network will be available for additional savings. To check if a medical provider is part of a Beech Street Network, go to www.beechstreet.com .
Are medications covered?
All plans include a discount prescription drug card. Members can save up to 50% on generic brands and up to 15% on brand names.
When does coverage begin?
Coverage becomes effective the next day (12:01am) following the date the completed enrollment form is received and approved, or a specified date in the future, provided that full premium for the coverage has been received.
Who is eligible for the RCHI plans?
All NAR members, and their eligible dependants, can obtain a plan. the following are qualifying dependants:
Here are the most frequently asked questions:
How can RCHI help?
RCHI provides opportunities to those who have struggled to gain coverage by providing guaranteed-acceptance and accessible medical insurance. It also makes existing coverage more affordable by allowing members to adjust their current deductible and supplementing it with an RCHI plan.
What is the difference between Major Medical and Limited Medical Insurance?
It is important to understand the difference between Major Medical (comprehensive coverage) and Limited Medical Insurance. Major Medical provides catastrophic coverage and high limits of coverage (typically $1 million or more). Limited Medical (RCHI) provides the guarantee of affordable insurance but limits its its coverage to everyday illnesses and accidents. In addition, the maximum benefits paid in each medical situation are capped.
What is a PPO and what doctors does it include?
A Preferred Provider Organization (PPO) is a network of doctors and hospitals that contract with an insurance company or employer to provide employees with services at competitive rates. Covered members and dependants can use any licensed medical provider. Those who attend a medical provider who is a part of the Beech Street Network will be available for additional savings. To check if a medical provider is part of a Beech Street Network, go to www.beechstreet.com .
Are medications covered?
All plans include a discount prescription drug card. Members can save up to 50% on generic brands and up to 15% on brand names.
When does coverage begin?
Coverage becomes effective the next day (12:01am) following the date the completed enrollment form is received and approved, or a specified date in the future, provided that full premium for the coverage has been received.
Who is eligible for the RCHI plans?
All NAR members, and their eligible dependants, can obtain a plan. the following are qualifying dependants:
- their lawful spouse; and
- their unmarried child or children who:
- Reside in their home for more than six months a year
- Chiefly relies on you for support and maintenance; and Who is under 19 years of age (the Limiting Age).
Thursday, February 4, 2010
Interface Carolina Conference
On April 29th there will be a new, one day, real estate networking conference for North and South Carolina held at the Ballantyne Hotel & Lodge in Charlotte. TCAR members will get a $75 discount off of the $175 fee.
Headline speaker will be Mark Vitner, Managing Director and Senior Economist for Wells Fargo Securities, LLC. His commentaries have been featured in the New York Times, the Wall Street Journal and Business Week. He was recently named one of 2009 North Carolina Power Players 50 most powerful people in business, by Business Leader Media.
Mr Vitner will discuss the overall state of the national economy in 2010 and how it will effect the local economies in North and South Carolina. He will look at each individual state and answer questions such as:
- What are the primary drivers behind each state's economy and how are these impacting the local commercial real estate market?
- What is the outlook for commercial construction in 2010?
- What is the projected job growth in our region this year?
- When should we really expect a full recovery?
Other topics include the current state of the market, office and multifamily markets, InterFace Up-Close-a converstaion with industry icons and the next big thing- what the region's economic drivers of tomorrow will be.
Go to www.interfaceconferencegroup.com to register and make sure you enter the TCAR promotional code: tcar100 in order to get your discount. If you need more information, contact Lindsey Marcec at 404-832-8262 or email lindsey@francepublications.com .
Headline speaker will be Mark Vitner, Managing Director and Senior Economist for Wells Fargo Securities, LLC. His commentaries have been featured in the New York Times, the Wall Street Journal and Business Week. He was recently named one of 2009 North Carolina Power Players 50 most powerful people in business, by Business Leader Media.
Mr Vitner will discuss the overall state of the national economy in 2010 and how it will effect the local economies in North and South Carolina. He will look at each individual state and answer questions such as:
- What are the primary drivers behind each state's economy and how are these impacting the local commercial real estate market?
- What is the outlook for commercial construction in 2010?
- What is the projected job growth in our region this year?
- When should we really expect a full recovery?
Other topics include the current state of the market, office and multifamily markets, InterFace Up-Close-a converstaion with industry icons and the next big thing- what the region's economic drivers of tomorrow will be.
Go to www.interfaceconferencegroup.com to register and make sure you enter the TCAR promotional code: tcar100 in order to get your discount. If you need more information, contact Lindsey Marcec at 404-832-8262 or email lindsey@francepublications.com .
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