News and Events: Industry News

Review of 2017 Provided by Specialty Groups

Thank you to the Industrial, Retail and Office specialty Groups for creating the 2017 REVIEW: RETAIL The retail market is alive and well in West Michigan, with property sales of nearly 60.9 million dollars, an increase of 60% over 2016.  The number of sale transactions is up 14% over last year.  The number of lease.. read more >>

NAR's Commercial Real Estate Outlook

These presentation slides are from Lawrence Yun’s talk at the Commercial Real Estate Economic Issues and Trends Forum at the REALTORS® Conference & Expo in Chicago, IL, on November 3, 2017. OUTLOOK

NAR Reports Outlook Remains Bright for Commercial Real Estate Despite Price Plateau

WASHINGTON (September 12, 2017) — Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors® quarterly commercial real estate forecast, Backed by the ongoing.. read more >>

NAR Working On Reauthorization of Flood Insurance Program

Reauthorization of the National Flood Insurance Program (NFIP) remains a top priority of NAR.  The past two weeks have seen a flurry of legislative activity. Please review the details here:   Talking points:

NAR Commercial Economic Forecast Presented In Washington D.C.

On Thursday, May 18, as part of the Mid-Year REALTOR meetings in Washington D.C., the National Association of REALTORS Chief Economist Lawrence Yun shared his forecast for the rest of 2017 and beyond for the commercial real estate industry. His presentation can be viewed here.

Commercial Alliance of REALTORS Updates Position on Kent County Land Bank

The Commercial Alliance of REALTORS supports the Kent County Commissioner’s discussion regarding the future of the Kent County Land Bank .  While some media reports laud its success, concerns of the actual need for the program remain. The Commercial Alliance of REALTORS believes in concept that the Land Bank model of disposition of tax – foreclosed.. read more >>

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 >>

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