Today Commercial Professional Development Opportunites Are Easily Available

NAR members are always encouraged to take advantage of the professional development courses that NAR and their affiliates offer for a broad range of commercial real estate disciplines.   Did you know that today it’s easier than ever to take courses from NAR and our partners both online and in-person?

Classes are being offered across the county from a variety of organizations and associations whom we are proud to call our partners. Some of the organizations who we partner with to bring you quality continuing education:  CCIM Institute, Council of Real Estate Brokerage Managers,Council of Residential Specialists, The Counselors of Real Estate, Institute of Real Estate Management, Real Estate Buyers’s Agent Council and others along with the classes that NAR offers.

Designation or certification courses offered by NAR range from “Discovering Commercial Real Estate” which offers a big picture view of the industry to “Commercial Real Estate Investment and Analysis”-an advanced course to help brokers and their agents understand the details that inspire the hustle and bustle of their everyday business.
NAR affiliates, such as CCIM who offers seventeen courses offer “Technology and Social Networking Tools for Today’s Real Estate Professional” to keep you competitive to “Prepare To Negotiate” offered to help ensure that you win.

Another affiliate, Institute of Real Estate Management offers sixteen courses including “Managing And Leasing MultiFamily Properties” to ‘Marketing And Leasing: Retail Properties”.

Also, the Council of Real Estate Brokerage Managers who offer sixteen courses including “Understanding and Leveraging Teams“.

You can find most of the classes offered by NAR and their affiliates at the NAR Education Matrix

Today real estate professional is able stay on top of the latest innovations in the commercial real estate industry by joining NAR.  We hope you take advantage of these opportunities.


05. June 2015 by Wayne Grohl
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Commercial Real Estate Financing Portal Launched By

What would it look like if your local MLS or CIX offered property financing? Can listing and financing services peacefully coexist on the same software platform?

We may soon find out – at least if you consider a listing site. will now offer financing on qualified assets via their new Commercial Real Estate Financing Portal. Financing options will be provided directly by’s preferred lenders. All approvals will count toward a buyer’s proof of funds which is a requirement for all bidding for all property on the site.

Real estate investors can go to’s secure portal to complete financing applications, upload pertinent documents, view the progress of their application status in real time, and communicate directly with their lenders about all aspects of the process.

According to Gordon Smith, general manager of’s commerical real estate division, approximately 50 percent of  investors using’s platform tend to finance their purchases. “Financing is in high demand among commercial buyers. By directly connecting investors with trusted commercial real estate lenders that understand the auction process and closing timeline requirements, we’re enabling buyers to make winning bids on properties that previously may have been out of reach due to cash restrictions. And, by increasing buyer liquidity, we’re improving our ability to get sellers the highest price for their assets.”

04. June 2015 by Wayne Grohl
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Commercial Real Estate News Roundup For June 1, 2015

Auto manufacturing continues to move back to the U.S., subleasing is all the rage and don’t forget the baby boomers. It’s all here at the Commercial Real Estate national news Roundup for June 1. 2015








01. June 2015 by Wayne Grohl
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Commercial Real Estate News Roundup for May 26, 2015

A commercial office/retail building.

A commercial office/retail building. (Photo credit: Wikipedia)


Commercial continues on the mend, Asian auction markets heat up online, retail development up in secondary and tertiary markets and iconic apartments sell for record prices in East Los Angeles. It’s all here at the Commercial Real Estate new Roundup for May 26, 2015.



the largest sale-leaseback transaction in suburban NJ history, Verizon will lease back the entire facility from Mesirow for a 20-year term.Read more at:–wakefield-closes-6503m-deal-on-verizon-campus-in-basking-ridge-46064?utm_source=CopyShare&utm_medium=Brows
largest sale-leaseback transaction in suburban NJ history, Verizon will lease back the entire facility from Mesirow for a 20-year term.Read more at:–wakefield-closes-6503m-deal-on-verizon-campus-in-basking-ridge-46064?utm_source=CopyShare&utm_medium=Browser
largest sale-leaseback transaction in suburban NJ history, Verizon will lease back the entire facility from Mesirow for a 20-year term.Read more at:–wakefield-closes-6503m-deal-on-verizon-campus-in-basking-ridge-46064?utm_source=CopyShare&utm_medium=Browser






26. May 2015 by Wayne Grohl
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The 10 Most Influential Women in Multifamily

Over the last decade, women have made great strides in the commercial real estate world. We have have witnessed the industry change since the days when women had far fewer inroads to success in commercial real estate. Back then, many in leadership were concerned that a woman would leave her career track for marriage and a family. That assumption is long gone and women have taken the commercial real estate industry by storm.

CREWing The Ship

Organizations have risen to document and foster this change. Commercial Real Estate Women  — CREW Network — was founded in 1989 with a mission to focus on the advancement of women in commercial real estate, have grown to forty markets across North America and can boast a membership of 9,400 today.  CREW focuses on helping female CRE professionals achieve goals related to business development, leadership development, career outreach, industry research and business development.

In the spirit of CREW, Multifamily Executive magazine recently published a wonderful list of the ten most influential women in multifamily. Most of the women attribute their success to having strong mentors and other women who they could look up to. Many of these women belong to organizations like CREW who  provide that support network that we all could have use at one time or another.

Please take a moment to be inspired by these women right here. Compiled by Kayla Devon they are:

1. Ava Goldman –  President, Michaels Development

2. Lilli Dunn – Chief Investment Officer, Bell Partners

3. Deidre Kuring – President, WinnResidential

4. Julie Smith – President, Bozutto Management

5. Terri Ludwig – President, CEO Enterprise Community Partners

6. Sheryl Brown – Chief Financial Officer, Mill Creek Residential

7. Cindy Clare – President, Kettler Management

8. Sue Ansel – CEO, Gables

9. Amy Anthony – President and CEO, Preservation Of Affordable Housing

10. Mary Anne Gilmartin – President, Forest City Ratner Cos.

Read the entire rundown at Multifamily Executive Magazine

Where Else Is Diversity Celebrated?

Other associations formed to support a diverse group of commercial real estate professionals include:

  • National Association Of Real Estate Brokers(NAREB)-Founded over sixty years ago to support African American real estate professionals.
  • The National Association Of Gay & Lesbian Real Estate Professionals (NAGLREP)-A mission driven trade organization that is part business and part advocacy for LGBTQ housing rights.
  • The National Association Of Hispanic Real Estate Professionals (NHREP)- The voice of Hispanic real estate and home ownership.

21. May 2015 by Wayne Grohl
Categories: Multifamily | Tags: , , , , , , | Leave a comment

Latest NAR Commercial Real Estate Outlook


NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Historic data for metro areas is provided by REIS Inc., a source of commercial real estate performance information.

Office Markets

Office vacancy rates are forecast to slightly decline from 15.7 percent in the fourth quarter to 15.6 percent through the fourth quarter of 2015.

The markets with the lowest office vacancy rates in the fourth quarter are Washington, D.C., at 9.3 percent; New York City, 9.6 percent; Little Rock, Ark., 11.6 percent; San Francisco, 12.2 percent; and Seattle, at 12.8 percent.

Office rents are projected to increase 2.4 percent in 2014 and 3.3 percent next year. Net absorption of office space in the U.S., which includes the leasing of new space coming on the market as well as space in existing properties, is likely to total 35.6 million square feet this year and 48.8 million in 2015.

Industrial Markets 

Industrial vacancy rates are expected to fall from 8.8 percent in the fourth quarter to 8.4 percent in the fourth quarter of 2015.

The areas with the lowest industrial vacancy rates currently are Orange County, Calif., with a vacancy rate of 3.6 percent; Los Angeles, 3.7 percent; Seattle, 5.8 percent; Miami, 6.0; and Palm Beach, Fla., at 6.5 percent.

Annual industrial rents should rise 2.4 percent this year and 2.9 percent in 2015. Net absorption of industrial space nationally is expected to total 110.7 million square feet in 2014 and 102.5 million square feet next year.

Retail Markets

Vacancy rates in the retail market are expected to decline from 9.7 percent currently to 9.5 percent in the fourth quarter of 2015.

Currently, the markets with the lowest retail vacancy rates include San Francisco, at 3.5 percent; Fairfield County, Conn., 3.9 percent; San Jose, Calif., 4.6 percent; Orange County, Calif., 5.2 percent; and Long Island, N.Y., at 5.3 percent.

Average retail rents are forecast to rise 2.0 percent in 2014 and 2.5 percent next year. Net absorption of retail space is likely to total 11.4 million square feet this year and jump to 18.9 million in 2015.

Multifamily Markets

The apartment rental market – multifamily housing – should see vacancy rates slightly increase from 4.0 percent currently to 4.3 percent in the fourth quarter of 2015. Vacancy rates below 5 percent are generally considered a landlord’s market, with demand justifying higher rent.

Areas with the lowest multifamily vacancy rates currently are Orange County, Calif., and Sacramento, Calif., at 2.2 percent; Providence, R.I., and New Haven, Conn., at 2.3 percent; and Hartford, Conn., at 2.5 percent.

Average apartment rents are projected to rise 4.0 this year and 3.9 percent in 2015. Multifamily net absorption is expected to total 216,300 units in 2014 and 171,200 next year.




20. May 2015 by Wayne Grohl
Categories: NAR Forecast | Tags: , , | Leave a comment

Commercial Real Estate News Roundup For May 18, 2015


Junior boxes get a look, senior partners work out a merger, and a record price per unit sale. It’s all here at the Commercial Real Estate national news Roundup for May 18. 2015







  • Valley industrial real estate market on the upswing, Fresno Bee, May 13, 2015 – U.S. Industrial market bullish as vacancies drop to 10 year low of 7 percent. Boom is partially due to foreign investors who see U.S. as a safe and stable environment compared to their own countries.
  • 27-property industrial portfolio changes hands, Commercial Property Executive, May 13, 2015 – Investor appetite for industrial properties in the Dallas-Fort Worth area holding strong as Dallas-based Crow Holdings buys 27 building portfolio located in DFW and Houston.
  • Zilber buys LakeView industrial buildings in $10.4M investment, Milwaukee Business Journal, May 13, 2015 – Zilber Properties continues to make a play for control of  the I-94 corridor between Milwaukee and Chicago with purchase of LakeView industrial buildings for $10.4M.


  • Retail development gains momentum, National Real Estate Investor, May 14, 2015 – New retail construction almost at peak levels last seen in 2005 where it topped out at 25.5 million square feet.
  • Rhode Island Mall to be sold to Baltimore company, Providence Business News, May 12, 2015 – Plan moves forward to gut Rhode Island Mall’s 160,000 square foot interior and renovate space into two levels for up to six “junior box” retailers.



18. May 2015 by Wayne Grohl
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Commercial Real Estate News Roundup For May 15, 2015

The Wire goes food court, CBRE beats first quarter national forecasts, falling oil prices could create new multifamily investment markets, industrial investors eye niche markets and more: It’s all here in the Commercial Real Estate News Roundup for May 4 2015.





  • National communications firm revamps management offices in Dallas. Dallas Business Journal, May 2, 2015 – Fast-growing Imagine Communications, with offices in Dallas, California, New Jersey, Colorado and London give us a glimpse of their new design for their revamped executive management office in Dallas.
  • 10/60 Corporate Center in Tempe gets noticed with redesign. BisNow, May 1, 2015 – Tempe’s 10/60 Corporate Center’s redesign includes an open floor plan and a 7 spaces : 1000 sq. ft parking availability that draws one new large tenant, Freedom Financial Network for one of the center’s 45K SQ buildings.


  • Industrial investors eye niche markets. GlobeSt., April 23, 2015 – Niche markets like food-grade buildings, freezer-cooler buildings, data centers and truck terminals are getting renewed attention. The recent growth and on-shoring that is going on in the US in driving investors to look at all asset classes in the industrial sector.
  • Blighted section of East Baltimore attracts 16M food hub. BisNow, April 16, 2015 – A former film location for the popular TV series, “The Wire” will soon be a $16M food hub. The Baltimore Food Hub’s 15K sq. ft. space will house a commercial kitchen and incubator for a variety of food related businesses.


  • ICSC RECon 2015 in Las Vegas from May 17-20th. Cushman Wakefield, May 2015 – Cushman Wakefield will be ISCS’s global partner for the 2nd year in a row for the ICSC RECon 2015.  Keynote speakers include Denver Broncos quarterback, Peyton Manning, New York Times best selling author on leadership John Maxwell. Find the program here.
  • New Hampshire could soon lose dozens of fuel stations. CSPnet, Convenience Store and Fuel News, April 8, 2015 – New regulations requiring double-walled underground fuel storage tanks could push several stations out of business as soon as December 2015.  There are 745 mostly gasoline and diesel tank systems across the state that will need replacement.  This could cause many stations to close down rather than having to pay to retrofit their systems.

15. May 2015 by Wayne Grohl
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CBRE: Technology Workforce Hiring Boosts US Office Leasing

Technology workers are directly related to a national surge in office leasing according to a new CBRE research report, “Scoring Tech Talent”. In this report, the national commercial real estate firm CBRE ranks the top 50 U.S. markets and their ability to attract tech talent.

Large and small markets are seeing a boost in their leasing, says Colin Yasukochi, director of research and analysis for CBRE. In a press release by CBRE this month, Mr. Yasukochi states, “Tech talent growth rates are the best indicator of labor pool momentum and it’s easily quantifiable to identify the markets where demand for tech workers has surged.”

According to the report, established technology markets like Seattle and Washington, D.C. still dominate the top of the list, but several smaller markets dubbed “momentum markets” — Oklahoma City and Nashville are two — had a technology talent growth of 39% between 2010 and 2013. This comes in at a percentage point higher than Seattle’s and just below the growth in San Francisco for the same time frame. Both Charlotte, NC and Portland, OR saw growth rates of 28% which outpaced Silicon Valley itself by almost 8%.

Although tech talent only comprises 3.4% of the total U.S. workforce, its growth has outpaced other markets for both 2013 and 2014, according to the report.

The Technology Workforce Is Decentralized

In the same press release, Mr. Yasukochi goes on: “Though highly concentrated within the high-tech services industry, tech talent is not limited to any one type of company and can be found across all industry sectors. In fact, more than 60 percent of tech talent jobs are located outside of the core high-tech industry and these workers help generate innovation and advances that can boost the commercial real estate sector.

The full report is available from CBRE here. Please note: free registration with CBRE is required to obtain the report.

While I’m not in the business of endorsing CBRE or their content, I do have to say that it’s refreshing and important to be reminded that technology jobs are in no way limited to traditional tech enclaves. Far from it: wherever business does business, tech is there, and in increasing numbers.

14. May 2015 by Wayne Grohl
Categories: office | Tags: , , , , , | Leave a comment

Commerical Real Estate News Roundup For May 13, 2015

Crowdfunding continues to catch on, mall re-designs may be a new national trend, CRE investor dollars are targeting the Midwest, industrial development booms.  It’s all here in the Commercial Real Estate roundup for May 11, 2015.

It’s all here in the latest Commercial Real Estate News Roundup for January 14, 2015. – See more at:











13. May 2015 by Wayne Grohl
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