IN THIS ISSUE
INDUSTRY NEWS AND EVENTS
- Headline News
- RCA Hosts Trade Mission to Nevada
- 2007 CommercialSource.com - June 18-24
PUBLIC POLICY UPDATES
- Real Estate Tax Provisions
RESEARCH, RESOURCES, LEGAL
- Commercial Real Estate Outlook: 2006 Fourth Quarter
- Getting Started in Commercial Real Estate
- Field Guide on Multi-Family Properties
- Award-winning resource for Commercial Practitioners
AFFILIATE NEWS
- RLI 1031 Exchanges Course Now Available Online
INDUSTRY NEWS AND EVENTS
HEADLINE NEWS
Headline News.
RCA HOSTS TRADE MISSION TO NEVADA
Join the RCA and the Reno/Sparks Association of REALTORS® for a trade mission to Reno, Nevada June 4th through 7th. The trade mission will be an excellent opportunity to network and lay the foundation to discover business opportunities that await you in Reno. The program features tours to developing industrial parks and redevelopment areas, keynote speakers, education sessions, and a trade show. The Commercial Real Estate Trade Mission is an opportunity to create your own network of brokers, resources and experts to guide you through a commercial transaction in Nevada. For more information and to register, visit this page.
2007 COMMERCIALSOURCE.COM - JUNE 18-24
CommercialSource.com - the online convention exclusively for commercial real estate professionals returns in 2007 June 18-24th. The week long event is the best opportunity for industry professionals who want to stay on top of trends and new market opportunities. This year promises to provide even more robust content and features to improve your experience. Whether you are curious about the business of commercial real estate or are a resource, there will be something for you. Discover opportunities and solutions – bring the entire office to the premier online convention for commercial real estate. To learn more about CommercialSource.com 2007, contact Peggy Luckey.
PUBLIC POLICY UPDATES
REAL ESTATE TAX PROVISIONS
The tax legislation that passed just as Congress adjourned contained a few provisions of interest to REALTORS®. Read the summary that includes extension of expired and expiring provisions, such as leasehold improvements and Brownfields clean up expenditures. View the summary (29K PDF file).
Contact: Linda Goold 202-383-1083
RESEARCH, RESOURCES, LEGAL
COMMERCIAL REAL ESTATE OUTLOOK: 2006 FOURTH QUARTER
The latest Commercial Real Estate Outlook (CREO) from NAR research was released at the end of Q4 2006. Commercial real estate markets continue to grow with record investment levels, and individual sectors in many areas are seeing tighter vacancy rates and higher rents. Performance varies among the commercial sectors. While the office and industrial markets continue to shine, supported by job growth and trade, the rental apartment sector is seeing healthy rent increases. The retail sector remains essentially flat, but the hotel industry is doing better than at any time since 2001. Read the Outlook and discover more commercial real estate research.
GETTING STARTED IN COMMERCIAL REAL ESTATE
Read an excerpt from the recently published “Insiders Guide to Commercial Real Estate” by RCA Committee chairman Cindy Chandler, CCIM, CRE. The book covers what to expect, the tools you’ll need and career options. Using real life examples Chandler breaks down the process of how and where to begin your career in commercial real estate. Read more.
FIELD GUIDE ON MULTI-FAMILY PROPERTIES
Find a wealth of information in the recently updated Field Guide on Multi-Family properties. If you own, or are thinking about owning, an apartment building, condominium or rental housing you will find this Field Guide useful. Field Guides are from NAR InfoCentral and the online, one-stop resource packages are where you'll find links to articles, books, websites, statistics, and other material on each subject. Read more
AWARD-WINNING RESOURCE FOR COMMERCIAL PRACTITIONERS
Check out NAR Information Central's Library collection of eBooks and digital books without leaving your chair. NAR InfoCentral currently has 586 unique titles of eBooks and digital audio books available to you for free as a NAR member. Review the recently added titles. An excellent commercial real estate resource is “All About Real Estate Investing”. The book is a comprehensive guide that will help you to become a more savvy investor. The collection includes eBooks on sales & marketing, business management, technology, finance, and personal growth. Visit eBooks.realtor.org to take advantage of this award-winning digital collection.
AFFILIATE NEWS
RLI 1031 EXCHANGES COURSE NOW AVAILABLE ONLINE
Internal Revenue Code Section 1031 like-kind exchange is one of the most useful tools for helping clients sell appreciated business, farm and investment real estate. In this course, students learn how one property can be sold and a replacement property purchased without incurring any federal income taxes on the sale. Federal tax rules are closely reviewed so students can recognize exchange situations and learn how to explain to clients the tax-saving benefits of the 1031 exchange. Also addressed are delayed exchanges and how the installment sale of relinquished property may qualify in a transaction to acquire replacement property.
Read more
Report compiled by Bobbie Albrecht, balbrecht@realtors.org, 312/329-8464.
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