The Commercial Alliance of REALTORS is pleased to add a new affiliate member, Chelsey Foster, with Commercial Bank in Hastings.
PHASE I ESA Affected by New Regulations On Dec. 30th, the Environmental Protection Agency (EPA) published the final rule updating the AAI (All Appropriate Inquiries) regulations to reference the 2013 version of the ASTM standard (E1527-13) for Phase I site assessments. The 2013 changes, which are effective immediately, include some changes that will … Read More
The Michigan Association of REALTORS has awarded the Commercial Alliance of REALTORS the 2013 “Greatest Over Goal” RPAC award for associations with less than 500 members. CAR members donated 305% over the stated goal. Funds contributed will be used in a variety of ways, including supporting commercial real estate friendly candidates and lobbying issues.
MARKET HIGHLIGHTS – OFFICE Office building sales continued to improve in 2013, with the number of sale transactions up 28% over 2012.. Over 1.12 millions square feet of office space was sold in 2013, with the majority of buildings sold less 20,000 square feet. Sales dollar volume of office properties reflected the market trend of … Read More
DETROIT LIONS FOOTBALL AND PROPERTY TAX “UNCAPPING” MICHIGAN COURT MAKES THE CALL By Steven K. Stawski, Esq. For football fans, the term “uncapping” may have a different meaning than in a new legal opinion that is binding on Michigan courts. This play-by-play review provides a “coaching moment” for property owners and related industry professionals, especially appraisers, accountants, … Read More