CRCBR Office Hours
Please note the CRCBR office will be observing summer hours until Labor
Day, closing at
1pm
on Fridays.
The REBIC Update
Click
here to view the most current edition of The REBIC Update newsletter.
Eastland Revitalization
Charlotte planners have been working on a
plan to revitalize the Eastland area
– 15 square miles around Eastland Mall. They say the impetus behind the plan
is to spur change in neighborhoods that have seen demographics change and
have watched vacant storefronts grow.
[More]
Stretching Boundaries
in SouthEnd
A trendy office/showroom project planned for
South Tryon Street
will stretch the boundaries of South End, one of Charlotte's most successful
redevelopments of a warehouse and mill district.
[More]
Risk Management
Update on Mold
A soggy spring means that mold is more likely to be on your clients’ minds.
Are you prepared to answer their questions? NCAR has added even more
resources to its Risk Management Update on Mold Web page to help you keep up
with this important industry issue.
[More]
Big Box Rules
Recommendations
The Charlotte-Mecklenburg Planning Commission on Monday heard
recommendations for rules on reusing abandoned big-box stores and preventing
new ones from becoming empty. The report concludes an 18-month study by city
officials, planners and real-estate representatives.
[More]
NC Steering Development Away from Military
Gov. Mike Easley's office is studying ways to steer development away from
military bases and flight training routes, which criss-cross the state like
broad aerial highways.
[More]
Pessimistic Economic Forecasts
Gov. Mike Easley and legislative leaders say new, more pessimistic economic
forecasts for the coming budget year predict a further $55 million
drop in state revenue, forcing lawmakers to contemplate new sources of money
or still more cuts.
[More]
NCAR Works with
AANC To Amend Landlord Tenant Bill
Senate Bill 847 (Tenant Late Fee/Early Military Lease) was amended in
Committee to remove language that would have permitted members of the armed
forces who receive temporary duty orders to terminate a lease on 30-day
notice. Property managers in Fayetteville and Jacksonville were concerned
and surprised at the bills introduction and felt the legislation was
overkill to a very rare situation. Meetings are being planned with military
housing personnel in order to study if this problem exists in military
communities. NCAR worked very closely with the lobbyist and leadership of
the Apartment Association of NC to remove the provision. The AANC was
celebrating its Annual Legislative Day during the week and were very
effective in promoting not only apartment issues, but housing issues as
well. Stephanie Simpson, NCAR Governmental Affairs Director was a speaker at
their legislative briefing where she updated attendees on the industry bills
and issues impacting NCAR.
Tourism Grant
Program Passes House Finance Committee
A program to help finance publicly owned sports arenas, convention centers
and other projects designed to increase North Carolina tourism has again
passed a House committee. The House Finance Committee agreed Thursday to the
grant program, which ultimately could hand out up to $60 million annually in
the form of rebates on taxes the projects are estimated to generate. The
same committee approved a similar bill last year, but the House
budget-writing panel later narrowly rejected it. Critics have complained the
measure is a backdoor way for the city of Charlotte to help pay for a
planned arena for its new NBA franchise. But supporters, many of whom are
from the Charlotte area, say the bill will help local governments large and
small create attractions that will lure out-of-town residents to visit and
spend their money, generating additional revenues and jobs. Other projects
that could potentially qualify for the grants include a performing arts
center in Durham,
minor league baseball parks in Charlotte and Asheville, a Marine museum in
Jacksonville and convention centers in Concord and Gastonia.
[More]
Judge OKs bid for Ecusta
What's left of RFS Ecusta in Pisgah Forest will be sold to a South Carolina
firm as soon as the end of this month following a ruling by U.S. Bankruptcy
Court Judge George Hodges in Charlotte. Without opposition, Hodges approved
a $1.3 million bid for the Ecusta mill, surrounding property and other
assets made by New Tech Environmental of Fort Mill, S.C. The company plans
to turn the sprawling property into an industrial park and may reuse some of
the paper mill equipment.
[More]
New and Revised
Forms
Effective July 1, several new forms are being added to the NCAR forms
library and a number of current forms are being revised. The new and revised
forms are summarized in detail in the Summer 2003 issue of the General
Counsel Quarterly, which you can read at
http://www.ncrealtors.org/pubs/GCQ/gcq-0603.htm. An article on the new
and revised forms also will appear in the June/July issue of Tar Heel
REALTOR®, which you will be receiving soon. “Clean” copies of the new
and revised forms will be available on the NCAR Web site on Friday, June 27,
and they have been sent to NCAR's approved forms software vendors. You
should contact your vendor regarding the anticipated “roll-out” date of an
update to your forms software program.
NCAR Annual
Convention
With summer just around the corner, it’s time to start making plans to
attend NCAR’s Annual Convention, planned for Sept. 14-17 in Hilton Head,
S.C.
I’m a
Commercial Practitioner.
Why should I plan to attend the NCAR Convention in Hilton Head?
Because there are plenty of Commercial Real Estate events this year!
There will be several commercial educational sessions this year. Some will be led by nationally known educators. The topics scheduled are:
-
Legal Issues in Commercial Real Estate
-
Flipping & Fraud – A new scheme we need to understand and avoid
-
Tax Issues in Commercial Real Estate (two sessions)
-
Technology for the Commercial Agent
-
Commercial Real Estate Issues RoundTable
-
Property Management Issues in both Residential and Commercial Real Estate
RCA (your Realtors® Commercial Alliance) will host a cocktail party Monday early evening, giving commercial agents an opportunity to share time, refreshments and information. There is also a RCA general membership meeting scheduled Sunday afternoon complete with a speaker presenting hot issues in commercial real estate.
Registering for the convention is now quicker and easier than ever before, with NCAR’s new online registration system. Go to NCAR’s convention Web site, http://www.ncarconvention.org/ and register today!
NAR Nears One
Million Membership Mark
NAR, which has been America's largest trade and professional organization
since the 1970s, is nearing one million members and has extended its lead
significantly over the next largest contender.
[More]
Mayors See Benefits
From Brownfield Program
Almost 20,000 acres of so-called brownfields are being redeveloped under a
federal program aimed at rehabilitating these contaminated urban areas and
combating sprawl, according to The U.S. Conference of Mayors.
[More]
For Greenspan, A
Time to Cut or To Surprise?
Surprised that the economic slump endures, Federal Reserve Chairman Alan
Greenspan has indicated that he is prepared to slash interest rates as a
form of insurance against a new economic downturn and rising deflation
worries.
[More]
IRS form changes
will clarify like-kind exchanges
Property owners claiming 1031 property exchanges, which defer capital-gains
taxes when sellers quickly buy similar properties, will have new reporting
requirements soon. The changes should help property owners clarify what is,
and what is not, a proper 1031 exchange.
[More]
Report offers
encouraging news for commercial landlords
A recent report by Moody's Investors Service shows occupancy was up in the
fourth quarter last year, the first rise in three years. Landlords say they
hope that this news points to the rental market bottoming out, which would
allow rents to begin rising again.
[More]
Siegel Sees Fragile
Office Recovery Gaining Steam
Office owners may have reason for some optimism, according to the
predictions of Stephen Siegel, chairman & CEO of Insignia/ESG Inc.
[More]
Commercial Mortgage
Lending Rises
Commercial mortgage lending climbed 35 percent during this year's first
quarter, a poll by the Mortgage Bankers Association of America indicates.
[More]
Improvement Costs
Cut Commercial Returns
Commercial real estate investors and owners should expect yields on their
investments to keep falling due to capital expenditure (cap-ex) leakage--the
money landlords spend on building improvements and concessions--according to
LaSalle Investment Management's latest quarterly research report.
[More]
NAR Offers Mold
Facts Publication
An informational guide created by the American Industrial Hygiene
Association to help consumers understand the basics about mold is being
offered for sale by the NATIONAL ASSOCIATION OF REALTORS®. "The Facts About
Mold" is a 12-page quick reference for real estate practitioners that helps
answer questions from prospective homeowners and tenants about mold that
agents should not attempt to answer on their own.
[More]
War Has Building
Owners on Hyper Alert
With the conflict in Iraq and the global protests over America's policies
regarding the war effort, many
U.S.
commercial property landlords have bolstered security measures at their
properties, returning to the no-nonsense approach adopted soon after the
terrorist attacks of September 11, 2001.
[More]
Office Vacancy
Rates May be Higher Than Reported
"Hidden space," particularly buildings that are leased and vacant or
occupied and for-lease, could drive vacancies in several submarkets 20
percent to 37 percent higher than reported rates, according to a new report
from CRESA Partners LLC. The first quarter 2003 report says that vacancies
for Class-A downtown space, accounting for sublease space, is at a record
16.15 percent. The vacancy rate for Class-B downtown, including sublease
space, is currently at 16.81 percent.
[More]
Happy Birthday!
Mr. Robert H. (Bob) Percival, Sr. celebrated his 80th birthday June 5, 2003.
Cindy Chandler, CRE,
CCIM is Serving CRCBR Well
Cindy Chandler, CRE, CCIM was elected Vice Chair of the Char-Meck Planning
Commission and Chair of the Zoning committee on June 2. Cindy has served on
the Planning Commission for three years and was recently reappointed for an
additional three years by the Mayor. She is also the current Chair of the
Realtors Commercial Alliance of NCAR - the commercial division and will be
Chair of NCAR's Professional Standards Committee in 2004.
Transwestern Chosen
to Market New Project in Wilmore Community
Transwestern Commercial Services, (TCS) announced that its Charlotte, NC
office has been chosen by Citiline Development Company to market a new
office/showroom project to be built at the corner of
South Tryon Street
and Remount roads in the Wilmore Community of
Charlotte,
NC. Citispace will feature 40,000 square feet of office
and showroom space in three buildings on 2.7 acres. Transwestern brokers
Andrew Webb and Tina Long are in charge of selling the units.
Carolinas Real Data would
like to thank everyone for their support while we have been enhancing
Realindex.com. In order to improve and customize the service even further
for our Charlotte subscribers we have implemented an Advisory Committee,
made up of local commercial real estate professionals. The committee will
help us gain a better understanding of additional improvements and
enhancements we can make to continue providing the area with a quality
listing exchange.
Some of our most recent enhancements include the ability to add a secondary contact to any listing and the ability for subscribers to upload their own images directly to their listings. To add an image follow these steps:
-
Log in to www.realindex.com
-
Go to the Listings Tab and then to My Listings
-
Choose Building or Land
-
Then click on Review/Make Change to open the listing in question
-
In the upper left corner you will see where to upload your pictures, site plans, floor plans and brochures
-
Simply click on the Browse button, and then point to the location of your image file
-
Once you have done so you will see the path to the file in the box to the left of each
-
Browse button
-
Then simply hit Save and you are done
-
To delete an image simply place a check mark in the box beside the image you wish to delete and hit Save
-
Then you can add a new image following the steps above
Please keep in mind that all picture files should be in a JPG or GIF format and less than 200 KB
All brochures should be in a PDF format and less than 200 KB
If you have any questions or would like to set up a time for a member of our staff to come to your office and give a free training session to all of your brokers please contact Brett Hicks at (704) 335-0909, ext. 2 or BrettH@Realindex.com.
Again, Thank you for your continued support!
Find out what commercial real estate professionals in these companies have been up to!
Charlotte
Commercial Properties
Crosland
Grubb & Ellis|Bissell Patrick
McGuire Properties, Inc.
NAI Southern Real Estate
SouthEast Commercial Real Estate
Transwestern Percival, LLC
Get Your News in The Voice!
Email press releases to erica@crcbr.org
Don't wait until June,
2004!
Check out the new education schedule for
Fall 2003...
Mandatory Update - Commercial Ver.
Ethics for the Commercial REALTOR
Technology Classes
Commercial Certificate Program
Watch for more information on
these upcoming programs:
Fall Forecast -
September
Golf Tournament - October
Mixed-Use Bus Tour - November
Annual
Meeting - December
NEW to The Voice, career opportunities
may be placed in the newsletter by member companies free of charge.
Contact Erica Rohrbacher for more information at 704.377.8982 or email
erica@crcbr.org.
Click on the job title below to view a description.
Senior Asset Manager
Click on the links below to visit our sponsor websites.
Cousins Properties, Inc.
Floyd Smith
Office Park
Huntersville Business
Park
Kannapolis
Gateway
Business
Park
Lauth Property Group
AAC Real Estate
Services, Inc.
D.S.S. Corporation
The Keith
Corporation
Coldwell Banker
Commercial-MECA
Wishart Norris
Henninger & Pittman, PA
Klingman Williams
NAI Southern Real Estate
Trammell Crow Company
CRCBR
PO Box 36566
Charlotte, NC 28236-6566
704.377.8982 phone
704.377.8983 fax
info@crcbr.org
www.crcbr.org
Charlotte Region Commercial Board of
REALTORS®
PO Box 36566 • Charlotte, NC 28236-6566 •
704.377.8982 phone • 704.377.8983 fax
info@crcbr.org •
www.crcbr.org