News and Events: Industry News

NAR: Stable Growth Expected for Commercial Real Estate in 2017

Steered ahead by strengthening demand in smaller markets, the commercial real estate sector should remain on stable ground in 2017 and offer decent returns for investors, according to the latest National Association of Realtors® quarterly commercial real estate forecast. National office vacancy rates are forecast by Realtors® to retreat 1.1 percent to 12.1 percent over.. read more >>


RETAIL: Transaction velocity in the Retail market increased by 14.4% in 2016, showing that ‘brick-and-mortar’ retail stores are alive and well in West Michigan. “The recently reported closing of Sears in Woodland Mall offers an extremely positive opportunity for redevelopment of that portion of the mall”.  We will see a lot of activity from national.. read more >>

NAR ECONOMIST: Commercial Sectors to Eke Out Modest Growth

Multifamily and industrial properties will continue to lead growth among commercial real estate sectors as the economy makes moderate gains through the end of the year and into 2017, NAR Chief Economist Lawrence Yun said at the 2016 REALTORS® Conference & Expo in Orlando on Friday. Speaking at a commercial economic forum, Yun said he.. read more >>

2016 Endorsed Candidates

The Commercial Alliance of REALTORS has endorsed these candidates in the November 8 election: Steve Johnson -72nd District House of Representatives Chris Afendoulis – 73rd District House of Representatives Rob VerHeulen – 74th District House of Representatives Casey O’Neill –  76th District House of Representatives Tommy Brann – 77th District House of Representatives Thomas Albert.. read more >>

National Association of REALTORS Second Quarter Report

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. Highlights Commercial real estate in small cap markets maintained its upward momentum during the first half of 2016, with REALTORS® reporting continued improvement in fundamentals and investment sales. The.. read more >>

Commercial Drone Rules Take Effect

Learn more about the laws and rules affecting the use of drones: Drone Rules Video

Commercial Drone Use Set to Take Flight with Release of FAA Rule

WASHINGTON (June 21, 2016) — Commercial drone use in the real estate business got a boost today with the release of the Federal Aviation Administration’s final rule(link is external) governing small unmanned aerial systems, or UASs, in the national air space. Drones are increasingly being used in commercial applications, but federal regulations have required commercial.. read more >>

NAR Working with Congress on Burdensome Dodd-Frank Regulations

Burdensome Regulations Hearing JUNE 10, 2016 BY ERIN STACKLEY, STEPHANIE A. SPEAR On Thursday, June 9, the House Small Business Subcommittee on Economic Growth, Tax and Capital Access held a hearing titled “Bearing the Burden: Over-regulation’s Impact on Small Banks and Rural Communities.” During the hearing Committee members questioned witnesses from small, community banks about.. read more >>

National Association of REALTORS Releases Commercial Lending Survey

Survey says: Commercial notched another year of growth in 2015, with vacancy rates declining for the core property types. The 2016 Commercial Real Estate Lending Trends Report features the results of NAR’s comprehensive survey covering REALTORS®’ commercial financing conditions, including liquidity conditions, market impact, and funding sources. READ COMPLETE RESULTS

NAR Backs Commercial Real Estate Bill

NAR backs a bill to help keep commercial real estate on a solid path by making upcoming risk-retention rules more appropriate to market realities. Right now, rules that are scheduled to take effect at the end of the year to protect against overly loose loans would have the unintended effect of making it harder for.. read more >>

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