Charlotte Region Commercial Board of REALTORS Blog

NAR Survey Shows Mixed News for Commercial Market

crcbr — Thu, 02 Sep 2010 12:42:40 +0000

In the first quarter of 2010, more than half of commercial REALTORS® responding to the NAR survey indicated that they had completed a commercial sales transaction. The average transaction value was $1.2 million. But sales, prices, and rental rates declined from the previous quarter. Sales volume declined 6 percent in the first quarter compared with a year ago, and sales prices declined 16 percent in the fourth quarter on a year-over-year basis.

To read the full article, click here.

NAR’s News You Can Use

crcbr — Thu, 02 Sep 2010 12:25:12 +0000

NAR Commercial’s “Virtual” Book Club
The first read in the new club features Bob Potter, an NAR Commercial Signature Series Speaker, and expert on third-level selling. In his book, Bob shares why you should stop competing on price and find out why clients will choose a winner – you!

To participate – purchase the book, Selling Real Estate Services: Third Level Secrets of Top Producers at the REALTOR® store. Then, go to www.realtor.org/commercial/virtualbookclub for instructions on joining the book LinkedIN discussion and free pre-recorded webinars from the author. Register for LIVE Q&A with author, Bob Potter taking place on Friday, September 10th at 1 p.m. CST.

Community Recovery and Enhancement Act of 2010
As commercial property values continue to decline and lenders adopt more restrictive lending standards with lower debt ratios, the commercial real estate industry needs to find vast new sources of capital to remain afloat. In late July, Representative Berkley (D-NV) introduced H.R. 5943, the “Community Recovery and Enhancement Act of 2010,” which would help mitigate the commercial equity gap through incentivizing investment in distressed commercial real estate assets. Under this proposal, investors would receive a one-time 50 percent bonus depreciation on the amount invested into a qualifying distressed commercial asset. NAR will continue to work to help Congress pass this legislation.

For more information, click here.

REALTORS® Conference and Expo – NARdiGras!
NAR Commercial invites you to the REALTORS® Conference & Expo in New Orleans November 5th – 8th. Join your commercial colleagues at the Commercial Block, a dedicated pavilion on the Expo floor just for commercial exhibitors, four days of commercial sessions and continuing education and make new connections while strengthening existing ones at the Commercial Caffeinated Luncheon and the NAR Commercial Red Carpet Reception.

For more information and to register, click here.

Commercial Caffeinated Luncheon
November 6th
12:30 pm – 2 pm
Morial Convention Center
Keynote speaker: Eric Boles, former NFL player, expert in teamwork, leadership and personal development
Get your ticket now ($40 members/ $65 non-members) and take the opportunity to meet your commercial real estate colleagues; participate in an interactive recharging with Eric Boles, make new connections, and share best practices with people from across the country!

For more information and to register, click here.

Meetings of the Week

crcbr — Mon, 30 Aug 2010 11:58:07 +0000

Here’s a look at some of the meetings going on this week in the Charlotte region:

Tuesday, August 31st
9:00 am – Zoning Board of Adjustment Mtg

Wednesday, September 1st
11:00 am – CRCBR Legislative Committee Mtg
2:00 pm – Charlotte City Council’s Housing and Neighborhood Development Committee Mtg

NASCAR Hall of Fame Article in the Wall Street Journal

crcbr — Thu, 26 Aug 2010 14:35:51 +0000

From Moonshining to the Winner’s Circle
Wall Street Journal
August 18, 2010

Nascar was founded in Daytona Beach, Fla., in 1949, but it came of age in the hills and hollows around this North Carolina city. By the mid-1980s, North Carolina was the unofficial capital of the sport, with many of the team race shops based here. North Carolina also produced some of the best drivers, including Junior Johnson, Ned Jarrett and, of course, Dale Earnhardt Sr.

And so it only made sense that Nascar would choose Charlotte’s hip Uptown neighborhood as the home of the first-ever Nascar Hall of Fame, which opened earlier this year.Much more than a collection of old race cars, historic driving suits and banged-up helmets, the museum takes visitors on a journey from the early days of beach races and moonshiners through the sport’s tremendous growth in the ’70s and ’80s and into the high-tech era of today.

Click here to read the full article

Land Development Permitting Customer Satisfaction Survey

crcbr — Thu, 26 Aug 2010 14:16:20 +0000

Please participate in this 4-page survey should take no more than 8-10 minutes to complete. Charlotte-based Customer Service Solutions, Inc. (CSS) is conducting this survey on behalf of the City of Charlotte.

Click here to take the survey

CommercialSource Blog “The Source” Launched August 17th

crcbr — Wed, 25 Aug 2010 13:28:56 +0000

CommercialSource.com launched a new commercial real estate blog on August 17th with the intent of creating a place for commercial real estate practitioners to share views and perspectives on current issues and market trends. “The Source” blog is also where you will find updates on the soon to be released Beta version of the CommercialSource.com. So check it out! Visit the blog and join the conversation.

Wall Street Journal Reviews the NASCAR Hall of Fame

crcbr — Wed, 25 Aug 2010 13:02:36 +0000

Mark Yost, journalist and author of several books, including ”The 200 MPH Billboard: The Inside Story of How Big Money Changed Nascar,” recently penned an article for the Wall Street Journal on the NASCAR Hall of Fame. The article, titled “From Moonshining to the Winner’s Circle” appeared in the August 18th issue.
Read the full article

Meetings of the Week

crcbr — Mon, 23 Aug 2010 12:04:16 +0000

Here’s a look at some of the meetings going on this week in the Charlotte region:

Monday, August 23rd
12:00 pm – Charlotte City Council Transportation & Planning Committee Mtg
1:00 pm – NAIOP Charlotte/CRCBR Golf Tournament (Carolina Golf Club) – For more information, click here.
1:45 pm – CANCELLED – Charlotte City Council Environment Committee Mtg
5:00 pm – Charlotte City Council/Mgr Dinner Briefing
6:30 pm – Charlotte City Council Business Mtg & Citizens Forum

Tuesday, August 24th
10:00 am – Bonds Campaign Steering Committee Mtg
6:00 pm – CMS Board of Education Regular Board Mtg

Wednesday, August 25th
7:45 am – Charlotte Chamber Land Use Mtg
12:00 pm – Charlotte City Council Housing and Neighborhood Development Committee Mtg
12:00 pm – SPPACE Board of Governors Mtg
6:00 pm – Rate Study Stakeholder Advisory Group Mtg

Thursday, August 26th
11:00 am – Home Builders Association of Charlotte Land Development Mtg
3:30 pm – Charlotte City Council/Economic Development Committee Mtg
5:30 pm – Briar/Little Sugar Creek Floodplain Mapping Project Stakeholders Mtg
6:00 pm – HVAC Text Amendment Stakeholders Group
7:00 pm – Mint Hill Commissioners Mtg

Community Recovery and Enhancement Act of 2010

crcbr — Wed, 18 Aug 2010 17:43:17 +0000

As commercial property values continue to decline and lenders adopt more restrictive lending standards with lower debt ratios, the commercial real estate industry needs to find vast new sources of capital to remain afloat. In late July, Representative Berkley (D-NV) introduced H.R. 5943, the “Community Recovery and Enhancement Act of 2010,” which would help mitigate the commercial equity gap through incentivizing investment in distressed commercial real estate assets. Under this proposal, investors would receive a one-time 50 percent bonus depreciation on the amount invested into a qualifying distressed commercial asset. NAR will continue to work to help Congress pass this legislation.
LINK: http://www.thomas.gov/cgi-bin/bdquery/z?d111:h.r.05943:

New NAR Webinar: Wealth Attraction Marketing

crcbr — Wed, 18 Aug 2010 17:10:16 +0000

This Month’s FREE Webinar features Debbie Allen presenting, “Wealth Attraction Marketing.” In this 49-minute Webinar, you can learn to develop a proven marketing system that attracts customers and sales like crazy! Get powerful takeaway strategies that will have prospects calling you. Discover the secrets to winning more prospects and turn existing customers into shameless fans for life. Learn to create effective marketing that touches your customers’ emotions and prompts prospects to buy. Learn how to create a powerful marketing system that is guaranteed to work!
LINK: http://tiny.cc/DebbieAllen