IN THIS ISSUE
INDUSTRY NEWS AND EVENTS
- Headline News
- Does Your State Have Restrictions on Foreign Ownership?
- Fin CEN Takes a Look at Commercial Real Estate Lending
- Video Content Online - "Delivering on the Promise"
- Commercial Day at NARdi Gras Gets Rave Reviews
- New Podcast Added Online
- Add Impact to Your Documents with Color
PUBLIC POLICY UPDATES
- NAR Urges Representatives to Support Extension for ILC Moratorium
RESEARCH, RESOURCES, LEGAL
- Forecast Healthy for Commercial Real Estate
AFFILIATE NEWS
- Commercial Affiliate Publications are a Click Away
- Effectively Assess and Manage Risk... Learn the Latest Techniques in "Risk Management in the Post 9/11 World" from IREM®
INDUSTRY NEWS AND EVENTS
HEADLINE NEWS
Headline News.
DOES YOUR STATE HAVE RESTRICTIONS ON FOREIGN OWNERSHIP?
Find out now - download the free publication 'Alien Land Ownership Guide'. The REALTORS Land Institute and the REALTORS® Commercial Alliance have partnered to
update
the guide, which summarizes the state statutes and restrictions regarding the ownership of land by aliens and foreign business entities.
Read more, from the RCA home page under "Featured Content".
FIN CEN TAKES A LOOK AT COMMERCIAL REAL ESTATE LENDING
The Department of
Treasury's Financial Crimes Enforcement Network (FinCEN) released a report that analyzed suspicious activity reports (filed by financial institutions to FinCEN) and found that commercial real estate reports are on the rise.
The reports referenced the involvement of property management companies, development companies, real estate investment firms, real estate agents and title companies.
The report concludes that the increase in suspicious activity likely stems from the strong commercial real estate market -- it is unclear whether activity will decline if the market cools.
NAR Regulatory affairs will meet with FinCEN officials in January to discuss the report in more detail and explore ways that NAR and Treasury can work together to address some of the issues raised in the report.
Read the report.
VIDEO CONTENT ONLINE - DELIVERING ON THE PROMISE
The RCA has released their second video on the accomplishments made in 2005/06 and a look forward to what members can expect in 2007. Through the RCA, NAR is working to expand the network of commercial real estate professionals in the association. The RCA has an open dialogue with local boards and
associations to better understand the needs of members - all this leads to the creation of relevant content in
products and services. The RCA is working to make your member experience memorable. View the video here and tell us what you think with a note to rca@realtors.org.
COMMERCIAL DAY AT NARDI GRAS GETS RAVE REVIEWS
John Rutledge, CRE, NICAR President recaps his experience as a commercial member attending this year's Annual
Conference and Expo. The 2006 NARdi Gras was the site of the inaugural Commercial Day that included courses and
networking events aimed towards the commercial real estate industry.
Read the full report.. Drop the RCA a line to tell us what you would like to see at future Annual Conferences; rca@realtors.org.
NEW PODCAST ADDED ONLINE
The T&I Briefings are now podcasts,
available free from iTunes and REALTOR.org. With the click of a button, you get the most recent briefing and all future briefings - automatically
delivered directly to your podcast playlist. Q4 interviews with Ken Riggs, CEO of Real Estate Research Corporation, on trends in real estate and noted real estate tax authority, educator and author Dr. M. Mark Levine offers his insights on today's effective tax strategies are the current podcasts available for your listening pleasure.
Visit the RCA page to listen or subscribe to the podcasts.
ADD IMPACT TO YOUR DOCUMENTS WITH COLOR
How do you grab the attention of property buyers and sellers? Research has proven that using color in business documents can measurably improve sales, productivity, and communications. Through NAR's REALTOR Benefits(sm) Program, REALTORS and association staff enjoy special savings on Xerox products. Get the advantages of color easily and affordably with a Xerox color multifunction system. Print presentation materials in full color for a fraction of the cost of outsourced services. Pay only for the color you use, and control costs by allocating color access and
color page limits by user. Call 1-800 ASK XEROX, ext 627, and ask about NAR member preferred pricing. Mention contract number #0706978. Plus, enter to win one of 5 Apple® iPod® nanos by clicking http://www.xerox.com/office/narcolor. To be eligible to win, you must enter by 12/31/06.
PUBLIC POLICY UPDATES
NAR URGES REPRESENTATIVES TO SUPPORT EXTENSION FOR ILC MORATORIUM
On November 16, 2006, NAR sent a letter to the full House of Representatives urging Members to sign onto a letter initiated by Congressman Paul Gillmor (R-Ohio) and Congressman Barney Frank (D-Mass) asking the FDIC to extend the industrial loan company (ILC) moratorium, which is set to expire on January 31, 2007. Wal-Mart, Home Depot and a number of other commercial companies have taken steps to own ILCs, which is a special type of federally insured state-chartered bank. The Gillmor-Frank letter
argues that the 110th Congress needs more time to debate the industrial loan company issue and consider closing the ILC loophole by prohibiting any commercial firms from directly or indirectly controlling an industrial bank. NAR believes that allowing ILCs to mix banking and commerce creates risks to the financial system, raises inevitable conflicts of interest, and harms the industry's competitive landscape. Read the RCA's latest Hot Topic report on NAR's policy against mixing banking and commerce.
Download here.. CONTACTS: Lynn King 202-383-1156,
Jeff Lischer 202-383-1117.
RESEARCH, RESOURCES, LEGAL
FORECAST HEALTHY FOR COMMERCIAL REAL ESTATE
The commercial leading indicator for brokerage activity rises again in third quarter. David Lereah, NAR's chief economist, said the index is at the highest level in the series of the indicator, which goes back to 1990. "Although we have a strong uptrend in the commercial sectors, the rise in the index over the last two quarters shows a lower rate of expansion in comparison with late 2005 and early 2006," Lereah said. "This means that commercial sectors will continue to grow, but at a more modest
pace." Read more.
AFFILIATE NEWS
COMMERCIAL AFFILIATE PUBLICATIONS ARE A CLICK AWAY
Visit RCA's home page for links to our commercial affiliate publications. CCIM's bimonthly publication, Commercial Investment Real Estate, the current issue features an article on discussing what is driving the industrial segment. The Counselors of Real Estate offers multiple communications to benefit its members and the real estate community at large. The Institute of Real Estate Management has a variety of up-to-date property management guides, valuable research studies, and timesaving forms. The
Professional Report from the Society of Industrial and Office REALTORS is their dynamic quarterly magazine addresses the concerns of industrial and office real estate practitioners. To preview or read more about any or all of these publications, visit the RCA web site and look under "Affiliate Publications".
EFFECTIVELY ASSESS AND MANAGE RISK... LEARN THE LATEST TECHNIQUES IN RISK
MANAGEMENT IN THE POST 9/11 WORLD FROM IREM®
Effectively assessing and managing
property-related risk is a major concern that cuts across all sectors of the professional real estate community. Risk Management in the Post 9/11 World is a must-have resource from IREM,
highlighting current risk management practices in the property management business in light of ongoing potential terrorist threats and heightened awareness of environmental issues such as mold that have significantly impacted insurance rates.
The report, the third in a series of publications from IREM called IREM Key Reports, covers methods of identifying the extent of risk liability for a given property, determining the probability that the property may suffer damage, and calculating the financial impact of risk management decisions - either by mitigating, transferring, or avoiding risk altogether. Several major organizations contributed information and facilitated interviews which helped to shape the opinions and advice provided in the report. They include: Equity Residential; PricewaterhouseCoopers; Ernst and Young;
Hilb, Rogal & Hobbs, Inc.; Jones Lang LaSalle; Bear, Stearns & Co., Inc.; and Grubb & Ellis. Check out the "Publications" section of the IREM Web site at www.irem.org to learn more.
Report compiled by Bobbie Albrecht, balbrecht@realtors.org, 312/329-8464.
QUESTIONS on this report? Visit the INS FAQ and online feedback area on REALTOR.org. Click here.
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