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NAR Commercial TV Campaign 032008
May Meeting
This is a reminder to all members and Guests of the April 17th Luncheon and Networking meeting, to plase join us for our next meeting and have a Great time.
Topic: Land Use Development & Sub-Div:
Speakers: TBD
SEE you May 15th.
Don't forget to save the June 19th date for our next Meeting
Please R.S.V.P.: We hope to see you at the May 13th. Meeting.Click Monthly Meeting for details
NAR plans national commercial real estate platform
(RCA) REALTOR COMMERCIAL ALLIANCE
A National Association of Realtors tech incubator company has acquired a commercial real estate data exchange company and plans to use its technology to launch a national commercial real estate listing and transaction platform in May.
Second Century Ventures LLC, a private equity fund established by the Realtors trade group supported by a membership dues increase this year, acquired Gig Harbor, Wash.-based ePropertyData.
EPropertyData operates CommercialMLS.com for the 4,500-member Commercial Brokers Association in Seattle and CommercialGateway.com for the 2,000-member commercial division of the Houston Association of Realtors.
"Through this acquisition, NAR will provide its members with two important new services -- a robust national commercial real estate listing and transaction platform, and a broker-centric solution provider for the (commercial information exchange) industry," NAR President Dick Gaylord said in a statement.
Gaylord said the platform will offer NAR's commercial members "national exposure for all their sale and lease listings" and serve as a resource for national property searches.
NAR plans to launch the commercial listings and transaction platform at CommercialSource.com, which is managed by NAR's Commercial Alliance -- the association's commercial real estate division. Realtors will be able to post and access all listings at the site at no charge, according to the announcement.
Commercial Real Estate a Bright Spot in Economy
CREO Summary: 2007 Fourth Quarter
The fundamentals in commercial real estate remain healthy with only slight increases in vacancy rates expected for the office and industrial sectors during 2008, although credit restrictions have recently slowed overall investment activity. Commercial fundamentals are essentially sound. While vacancy rates remain relatively low for all sectors, they are expected to rise slightly in the office and industrial markets during the coming year because much of the space being absorbed is in high-quality buildings or is built-to-suit. Vacancy rates in the retail and multifamily sectors are projected to tighten in 2008 with rents rising in all sectors. Commercial real estate investment is at record-high levels, but tighter credit conditions will limit deals moving forward. Because capitalization rates are already very low, it is likely that commercial property prices will ease. The era of rapid commercial property price increases has ended. click here
Commercial Leading Indicator
A forward-looking index for the commercial real estate market, the Commercial Leading Indicator for Brokerage Activity, has increased for seven consecutive quarters and is holding at the highest level on record. click here for the full report. The Commercial Leading Indicator (CLI) is a tool to assess market behavior in the major commercial real estate sectors. The index incorporates 13 variables that reflect future commercial real estate activity, weighted appropriately to produce a single indicator of future market performance, and is designed to provide early signals of turning points between expansions and slowdowns in commercial real estate. We encourage you to share the CLI with your local newspapers and highlight what is happening in your market. This is an easy and great way to attract attention to what is happening in your area.
click herefor the full report.
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