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Commercial Development Conference Next Wednesday in Lafayette - Earn CE
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The Louisiana REALTORS Commercial Development Conference is in Lafayette next week - Wednesday, August 11! It's not too late to register! LR's annual commercial event, held at the LITE facility and approved for 4 hours of CE credit, will feature a variety of expert speakers and commercial sector topics. Learn more here.
Following the conference will be a networking luncheon and an offering of LR's "Commercial Leases" course, also approved for 4 hours of CE credit. REALTORS attending the full day will earn 8 hours of CE credit specific to commercial real estate. Cost to attend the full day, including lunch, is only $65. Members can also choose to attend either the morning or afternoon programs. For more details, schedule, speaker info and online registration, click here or contact LR at 800-266-8538.
The evening before the conference on August 10, the Commercial Alliance of the REALTOR Association of Lafayette will be conducting a networking social from 5-7pm at the City Club Grill & Bar at River Ranch (no charge to attend, cash bar), and conference attendees are invited.
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CCIM "Introduction to Commercial Investment Real Estate Analysis," September 9-10 Alexandria, Discounted Over 60%!
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CCIM "Introduction to Commercial Investment Real Estate Analysis," September 9-10 Alexandria, Discounted Over 60%!
The Louisiana CCIM Chapter is hosting CI-INTR "Introduction to Commercial Investment Real Estate Analysis" at a special discounted rate of $150 (regularly $395) on September 9-10 at Noles-Frye Realty in Alexandria. This introductory course with instructors Karl Landreneau and Rod Noles provides an overview of every aspect of commercial real estate - from property inspection through follow-through after the property is sold. You will be introduced to the many ways to profit in the multi-faceted, dynamic field of commercial investment real estate. Learn with and from your peers and expand your contacts among commercial property practitioners. Every phase of commercial real estate analysis is represented through a real-world application to a real property.
If you are considering pursuit of the CCIM designation or would like to sharpen your skills with a comprehensive study in commercial real estate analysis, don’t miss the opportunity to take CCIM's introductory course at a 62% discount. For more information or online registration, click here or contact Nicole Young at laccimchapter@gmail.com.
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Louisiana Selected Most Improved State for Business
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On Thursday, Pollina Corporate Real Estate Inc. released its annual rankings of business-friendly states; and Louisiana earned Pollina's first-ever Most Improved State designation based on its improved ranking from 2008 to 2010. Louisiana ranked 20th on the 2010 list, up from 27th in 2009 and 40th in 2008.
Pollina ranks the 50 states based on several dozen factors, including business taxes, workforce training programs, workers compensation costs, economic development incentives, energy costs, marketing programs and state economic development efforts.
Pollina's 2010 report states, "Louisiana has shown astounding progress. No other state has ever shown this type of movement, going up 20 places in rank in such a short time ... Louisiana is on its way to the economic development Super Bowl ... We meet with many companies every year in the course of our business, and we have noticed an increase in the number of companies that are considering a move to the state or want to have the state evaluated as a potential location."
In April, Site Selection magazine ranked LED the second best performing state economic development agency in the U.S., which represented Louisiana's first-ever appearance in the top 10. In July, Southern Business & Development magazine ranked Louisiana Co-state of the Year for the second year in a row for securing more significant business development wins per capita than any other Southern state in both 2008 and 2009. For more information, see the complete news release from Louisiana Economic Development.
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Commercial Real Estate: Overly Simplified by Mainstream Press
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With commercial real estate there are tons of moving parts, different kinds of lenders, different kinds and qualities of properties and different markets. During the boom years there was a lot of compression in cap rates, values, financing terms and these differences didn't rule the market. But the end of the boom and the recession have reintroduced those differences with a vengeance with a likely result that the recovery will be playing out at different speeds and degrees for different parts of the commercial real estate business. Read more of the article from Business Insider here.
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Bernanke Implores Community Banks to Lend More
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Federal Reserve chairman Ben Bernanke said banks across the country are systematically denying loan requests from financially credible small businesses. In a speech last week, he urged banks to lend to small businesses, saying they are "crucial to America's recovery." Read the full Fortune magazine article here.
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NOMAR CID to Award $1000 Scholarships
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The Commercial Investment Division of the New Orleans Metro Association of REALTORS will be awarding three Education Scholarships to CID members. Each scholarship is $1,000.00 and is designed to help individual CID members increase their knowledge and education in the fields of commercial and industrial real estate. The scholarship may be applied to courses from many different providers (i.e., CCIM, SIOR, IREM, LR, UNO, etc).
The scholarship will be awarded to three recipients at the CID's annual "Service to the Industry" Award Luncheon on September 24th. The application and rules are available at www.nomar.org. NOMAR CID members are encouraged to take advantage of this opportunity and submit your application or encourage someone who will really benefit from this to submit theirs. Return the completed application to CID’s Scholarship Committee by Friday, August 27th.
If you have any questions please do not hesitate to contact Nell Carmichael at 504-274-0704.
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NAR Comments on Proposed Commercial Lead Paint Rule
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On May 6, 2010, the EPA issued an Advanced Notice of Proposed Rulemaking (ANPR) concerning the Renovation, Repair and Painting Program for Commercial and Public Buildings. The purpose of this ANPR was to solicit feedback and comments on a proposed program that would be similar to the one promulgated for homes, which aims to reduce children's exposure to lead dust during renovation activities. In this most recent ANPRM, EPA has requested comments on a variety of issues specific to the regulation of RRP activities in commercial and public buildings.
The National Association of REALTORS, in coalition with several other impacted organizations, submitted comments on July 6, 2010 to express a variety of concerns regarding this proposed regulation. In the comments, the Coalition emphasized that EPA must consider the scope of its authority before proceeding with any regulations. The Toxic Substances Control Act limits the Agency's authority to promulgate regulations that govern RRP activities in commercial and public buildings. Among other things, EPA must complete a congressionally-mandated study of RRP activities in commercial and public buildings and the extent to which they create lead-based paint hazards before it can proceed with any regulations. In addition, EPA must consider a variety of factors in any rulemaking efforts related to RRP activities in commercial and public buildings. For example, the Agency should take into account the fact that RRP activities in commercial and public buildings may present very different patterns of exposure to lead-based paint hazards than the RRP activities in residential settings on which the Agency has previously focused.
In addition, EPA should take into consideration the very limited use of lead-based paint in commercial buildings since 1978. EPA must also consider the potential impacts that the imposition of regulatory requirements may have on other national priorities such as increasing energy efficiency. Indeed, the many questions concerning the extent to which RRP activities in commercial and public buildings actually present lead-based paint hazards and the potential consequences of any regulations strongly suggest that the Agency should continue to seek the input of key stakeholders such as the Coalition's members as this rulemaking proceeds.
For more information, visit NAR's homepage on Lead-Based Paint or contact
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