Transaction volume for 2011 is way ahead of that in the preceding two years and could reach $200 billion this year, according to Real Capital Analytics. Yet deals are still few and far between for many commercial real estate practitioners.
The experience of Todd Clarke, CCIM, president of NM Apartment Advisors in Albuquerque, New Mexico, is typical. “Historically, half of my business came from transactions and the remainder from consulting,” he says.
Read testimonials from CRE, RLI, CCIM, IREM, and SIOR designees to find out how earning the designations has benefitted their businesses, and what they could do for yours.
Welcome To the Signature Series Edition of Commercial Connections
With a new streamlined look and highly focused theme, Commercial Connections this month features a commercial real estate expert from the REALTOR® Commercial Signature Series Speakers Bureau in every interview, article, and event. Signature Series is a value-added program offered by NAR Commercial, which negotiates reduced rates from top commercial real estate speakers for your commercial board gatherings or your firm’s sales meetings.
Heading into the traditional holiday season, the economy is looking for some sparkle. While the third quarter brought some positive news, it still doesn’t add up to a bountiful season. With unemployment staying high, and European issues continuing to weigh on financial markets, economic concerns slowed commercial real estate markets.
Since the peak of the financial crisis, a number of regulatory proposals and actions that could be harmful for the commercial real estate market recovery, such as Basel III bank capital standards, have been introduced. However, one regulatory issue in particular—one that could have an even more damaging impact on the industry—is a credit risk retention or “skin-in-the-game” rule proposed by U.S. regulators.
Bottom line: New rules so narrowly focus underwriting requirements that CMBS loans would be in jeopardy of qualifying.
By Bill Risser VP/Director Of New Media And Education, Chicago Title Agency, Inc. and Cheré Larose-Senne, Managing Director, NAR Commercial
You may have noticed over the last several years that your local coffee shop has become more and more crowded. You’re right if you thought that a $3.50 cup of coffee can’t be the only reason why so many people camp out with their laptops on every available horizontal surface.