Welcome to September New Members

The Triangle Commercial Association of REALTORS® and Tacquire would like to welcome and thank September's New Members:

Bryan Breeding of Commercial Carolina- TCAR and Tacquire

Dirk Ewing of Nine Sages-  TCAR

Stuart Morrison of Commercial Carolina- TCAR and Tacquire

Kyle White of Bannister Properties- Tacquire

We thank all of our members for their continued support of both! If you have any questions regarding TCAR or Tacquire, would like additional information on either or would like to see a Tacquire demonstration, please contact either Kim Brennan or Jennifer Copersito at 919-228-2588. You can also email to kimb@tcar.com.

Give Yourself a Raise!

Give Yourself a Raise... Attend Tax Strategies for the Commercial Real Estate Professional Wednesday, 10/17/2012 1:30 pm-3:30 pm  (Please arrive at 1:15 pm for registration. Seminar  starts promptly at 1:30 pm)  Triangle Commercial Association  of  REALTORS KW Commercial  9121 Anson Way, Ste. 100 Raleigh, NC 27615  RSVP BELOW TO ENSURE A SEAT AT THIS FREE SEMINAR Many of us assume our accountants take care of our taxes,  but forget that we are the ones giving  them the numbers and records they are  using to prepare our tax return.  This seminar will help identify over $2,500  in NEW deductions that can be used right away  to pocket thousands in tax savings. These deductions are  based in tax LAW, but presented  in simple English that all of us can easily understand.  You Will Learn:   Stimulus Package Deductions -Available for  all of 2012! Now is the time to implement these deductions  so you save thousands on your tax return.    Increase your income – How to use the tax side of  your business to INCREASE your spendable income.   Entertainment Strategies –  2 remarkable entertainment deductions  available to  Commercial Real Estate Professionals that  may surprise you.   Double Entertainment Deductions – How to safely  transform 50% entertainment deductions  into 100% deductions.   Audit-Proofing - Documentation tips that will save you  time, all the time.   Help Your Accountant – How you can help  your accountant work more effectively on your behalf.   Car Strategies - Six methods that produce Thousands  in deductions. PLUS! NEW first year auto depreciation  deduction UPDATES!   Actual Expenses vs. IRS Method Mileage – New  $25,000 automobile deductions you don’t want to lose.   IRS Audit - Reduce your chances – Red flags   to avoid!   Home Office Deduction –Why Commercial  Real Estate Professionals may now safely  qualify for this remarkable deduction and how it transforms  personal commuting to deductible business miles.   Learn how a 105 Medical Plan can turn your family's medical expenses into tax-favored business expenses. This seminar is presented by Kelly Clark of Bradford  and Company, Inc., and excerpted  from the Bradford and Company, Inc.  Tax Strategies for the Self-Employed  audio course  (available to register for after the program). Here is what folks have said about our programs: "I easily put $2500 back in my pocket... this  was an outstanding program."                                     -- James McCray,                                                 Century 21 "Very professional. Speaker delivered  complicated tax information on a level  everyone could understand. Very good."                                     -- Mike Rushforth,                                                 Coldwell Banker "(Presentation) was full of lots of tidbits  that a person can easily apply to his/her  business, leave that day and do something  to improve their business. It was very  beneficial."                         -- Martha Hunt,                              Lewis County Association of REALTORS Register at www.tcar.com or call 228-2588

Joint Networking Event Nets $14,000 for Haven House and Urban Ministries

The 7th Annual Joint Commercial Real Estate Networking Event was 

held on September 12, 2012 with more than 375 guests in 

attendance. 

The fundraising event raised $14,000 to benefit Haven House and 

Urban Ministries. 

The money was split evenly, gifting each cause with a check for 

$7,000.

"The commercial real estate community in our area is deeply 

committed to supporting Triangle charities," says Kerry Saunders, 

Triangle Commercial Association of REALTORS® president and 

networking committee chair. "We are so thankful to the sponsors, 

hosts and attendees who made this year`s event so successful."

The annual event has grown from the desire of commercial real 

estate organizations to join together to host a networking fundraiser

 to support the programs and services of area nonprofits. To date, 

$74,000 has been donated to local charities, including The Boys and 

Girls Club of Wake County, Hilltop Homes, Wake County Women`s 

Shelter, Pretty in Pink, Interact and the Inter-Faith Food Shuttle.

The Capital Center served as gold sponsor and hosted the event in 

Raleigh, N.C., joining more than 45 organizations supporting the event. 

Nine commercial organizations participated in the event, including:

• African American Real Estate Professionals of NC(AAREPNC)
• Building Owners and Managers/Raleigh-Durham(BOMA)
• Certified Commercial Investment Member/NC Chapter(CCIM)
• International Facility Management Association(IFMA)
• Institute of Real Estate Management/Greater (IREM)
• National Association of Industrial & Office Properties(NAIOP)
• Triangle Commercial Association of REALTORS®(TCAR)
• Triangle Commercial Real Estate Women(TCREW)
• Triangle Area Office Building Association(TRAOBA)

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North Carolina News

Greensboro-High Point, Asheville Among Best Metro Area for Jobs this Fall
Forbes Magazine recently ranked the top 10 best metros for job prospects this fall and Greensboro-High Point tied with Cape Coral-Fort Myers, Fl. for the No.2 ranking while Asheville tied with several other metro areas  for the ninth best metro for job prospects.
Read more.

Durham Among Best Cities for Mid-Career Professionals
Kiplinger recently named Durham as the second best city for mid-career professionals, second only to Washington, D.C. Follow the link below for more details.
Read more.

Raleigh Named No. 1 Market for Retail Job Growth
For most retailers around the country, recovery remains a hope, not a reality. Raleigh, however, actually saw a sizable increase in retail jobs over the past five years.
Read more

Congressional Hearing on Terrorism

On September 11, 2012, Linda St. Peter, Operations Manager for Prudential Connecticut Realty in Wallingford, CT, testified on behalf of NAR at the House Financial Services Subcommittee on Insurance, Housing, and Community Opportunity hearing on “TRIA at Ten Years: The Future of the Terrorism Risk Insurance Program.”  In her testimony (attached), Ms. St. Peter urged Congress to extend the Terrorism Risk Insurance Act (TRIA) beyond its current December 2014 authorization to ensure that adequate insurance coverage is available for our nation’s businesses.

Following the Sept. 11 attacks private insurers backed out of the terrorism insurance marketplace prompting Congress to enact TRIA in 2002, a federal insurance backstop that allows the federal government and private insurance companies to share losses in the event of a major terrorist attack. The program has since been reauthorized by Congress twice – in 2005 and 2007.  TRIA helped stabilize commercial real estate markets by making terrorism coverage available and more affordable over time.

While the cost and availability of terrorism insurance has generally improved, currently there is concern that the uncertain future of TRIA may cause insurance prices to fluctuate and prompt insurers to drop coverage.  This became evident in both 2005 and 2007 when private insurers became reluctant to offer terrorism coverage due to the uncertainty regarding the program’s extension.  Ultimately, the uncertainty of insurance pricing impacts the net operating income of businesses and property values.  The potential unavailability of terrorism coverage could impact financing agreements and potentially hurt the fragile commercial real estate recovery.

September's hearing is just the first step in a much longer journey to extend the federal government’s role in the terrorism risk insurance market.  Despite our successful legislative efforts in 2002, 2005 and 2007, and the fact that terrorism remains a clear and present danger, most anticipate this next effort to extend a federal program will be the most challenging.  While the program does not sunset until 2014, efforts to reauthorize the federal program will begin in earnest in 2013.  

The following link provides an archived webcast of the hearing:

http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=307443

As always, please let us know if you have any questions.  Thank you.

Vijay Yadlapati

Commercial Policy Representative

National Association of Realtors®

Ph: 202.383.1090

Fx: 202.383.7580

McCrimmon Parkway Extension Development Guide

A public review draft of the McCrimmon Parkway Extension Development Guide is now available for viewing and download at the following location:  http://www.townofmorrisville.org/DocumentCenter/View/5812

The Planning & Zoning Board discussed the report on September 13, 2012.  Subsequent Town Council briefings and a public hearing are scheduled in October for action anticipated at the Town Council meeting on November 27, 2012.

This purpose of the Development Guide is to set forth a framework of land uses and development standards for the approx. 400 acres area that McCrimmon Parkway will be extended through Morrisville. The guidance will be used by the Town’s consultant preparing the new UDO to enable the types of development desired by landowners, neighbors and Town leaders, and balance new development with conservation of resources that are important to the Town. The guidance was developed through a series of 5 public meetings held between February and August 2012. The process was designed to:

•      Identify and clarify issues,

•      Provide additional information on areas of concern and clarify issues related to the UDO

•      Refine the list of issues to group together similar issues and identify key theme

•      Translate major UDO-related issues into guidance for the Town’s consultant

The stakeholders participating in the project used the Town of Morrisville’s 2009 Land Use Plan as a starting point for discussions. Some of the major issues raised during stakeholder discussion were:

1.     Ensure each standard includes a clear statement on the purpose and need.

2.     Describe a process to ensure “as built” development matches approved plans.

3.     Encourage a linked network of conserved wetlands, waterways and riparian buffers.

4.     Include standards for grading/tree-cutting on sites relative to size of development.

5.     Include standards for wetlands and riparian buffers to enable wildlife corridors to remain intact.

6.     Incorporate incentives to provide much needed “green” infrastructure (i.e., greenways and trails).

7.     Pay careful attention to transition between different uses (i.e., residential and retail).

8.     Address airport noise requirements related to any residential use in the area.

9.     Include standards to allow for more compact, walkable, mixed use, transit oriented development.

10.  Include a voluntary process to allow multiple land owners to develop a master plan showing how individual projects would meet development standards.

11.  Encourage safe interconnectivity between development projects for both people and vehicles.

12.  Provide funding support for the construction of McCrimmon Parkway Extension.

13.  Determine the precise alignment and cross-section of McCrimmon Parkway Extension

If you have further questions, please do not hesitate to contact Brad West (bwest@townofmorrisville.org) 

The Great American Tobacco Duck Race

Sunday, October 7, 2012 at Fox 50 Family Fest 1-5 pm
On the banks of the Ol' Bull River
at American Tobacco, Downtown Durham
Purchase your duck at http://iffsduckrace.eventbrite.com/
All proceeds of purchase go to Inter-Faith Food Shuttle.

Individual ducks are $10 each and Corporate ducks are $250. Ducks are simultaneously released to race swiftly down the Ol' Bull River. Details available at www.Fox50/FamilyFest Prizes include Charlotte Bobcats vs. Miami Heat Basketball Tickets, Duke Men’s Basketball Tickets, tickets to see a Broadway Show at the DPAC and more! You don't have to be present to win. Prizes awarded for 1st -3rd place, even a prize for the "Best Decorated Duck".

How to Claim Your Duck(s), after purchase: Option 1 - Bring your receipt to Inter-Faith Food Shuttle, 1001 Blair Dr., Raleigh, by Sept 28, M-F 9am - 5pm. Ask for Cindy or Mollie. Option 2 - Bring your receipt to the IFFS table at American Tobacco on the day of the event, Sun. Oct 7 between 1pm - 3:30pmSunday, October 7, 2012 at Fox 50 Family Fest 1-5 pm on the banks of the Ol' Bull River
at American Tobacco, Downtown Durham.

Purchase your duck at http://iffsduckrace.eventbrite.com/

All proceeds of purchase go to Inter-Faith Food Shuttle.
Individual ducks are $10 each and Corporate ducks are $250. Ducks are simultaneously released to race swiftly down the Ol' Bull River. Details available at www.Fox50/FamilyFest Prizes include Charlotte Bobcats vs. Miami Heat Basketball Tickets, Duke Men’s Basketball Tickets, tickets to see a Broadway Show at the DPAC and more! You don't have to be present to win. Prizes awarded for 1st -3rd place, even a prize for the "Best Decorated Duck".

What Inter-Faith Food Shuttle Does in Durham:


Your duck purchase will help support Inter-Faith Food Shuttle's work to end hunger in Durham and throughout our 7 county service area including Durham, Wake, Orange, Chatham, Johnston, Edgecombe, and Nash counties. In Durham, we fight hunger through:

Food Recovery and Distribution & Mobile Markets: We distribute free fresh produce through our many partner agencies as well as monthly at mobile markets at West Durham Baptist Church and Iglesia El Buen Pastor.

Community Gardens: In the West End Neighborhood, IFFS works with and employs neighborhood youth to grow food. Our corporate community garden at BCBSNC grows food for IFFS's Plant a Row for the Hungry program, which is distributed to agencies in Durham that feed the hungry.

Nutrition Education: Food Matters healthy cooking demonstrations at our monthly mobile markets and Cooking Matters classes at community organizations such as the Durham Teen Center, Durham Housing Authority, and Bull City Fit at the Edison Johnson Recreational Center.

BackPack Buddies: Providing weekend meals for children in need at Eastway Elementary, Y.E. Smith Elemen-tary, Glenn Elementary, C.C. Spaulding Elementary, Forestview Elementary, & John Avery Boys & Girls Club. In-School Pantries at Southern High School, Northern High School, Hillside New Technical High School, and Neal Middle School.


www.FoodShuttle.org