E-Newsletter - July 4, 2014

Commercial Logo

    Sacramento Association of REALTORS®

 

  COMMERCIAL REPORT

                          

In the end, a vision without the ability to execute is probably a hallucination. -Steve Case, AOL co

              July 4, 2014

 

Happy 4th of July! 

In This Issue
Only Three States Score In Top Ten Cities
Regional Events
Valley Vision's Call to Unite
Dallas, TX Comments on California Economy
CRE: 2014 Commercial Concerns June Report
NAR: COMMERCIAL CAPITAL SOURCES
CCIM: GREEN PLATFORM ROLLED OUT
CBPA - CAPITAL WALK AND REAL ESTATE SUMMIT
THE BLUEPRINT BY SACOG
Smartphone Photography
MORE INFO...

 www.saccommercial.org

 

_______________

  
SAR Commercial Members
Call Tony to schedule your free Advice/Mentoring Session at 916-437-1205
  

Sacramento RE Connect Event, October 15th at the Harris Center

Sponsorships Available

 

Sponsorship opportunities are selling fast for the REConnect event in October. Don't miss the chance to be a co-host!

 

Last year, our inaugural event attracted over 400 real estate professionals. This year we are anticipating over 800! Reap the marketing benefits of extensive media coverage, and a focused target market.


Log on to: SacREConnect.com/sponsor  

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Recession Recovery: Cities that Have Improved the Most

by Sreekar Jasthi on June 23, 2014

 

The Great Recession began in December 2007 when the U.S. housing market was hit hard by subprime mortgage losses. The fallout led to a decline in consumer spending and business investment, which was followed by massive job losses - in 2008 and 2009, the U.S. workforce lost at least 8.7 million jobs...read more

Regional Events

  

July 8: CCIM Northern California Regional Meeting - Oakland

July 8: ICSC: Webinar - ASSET Management

July 9: CCIM Webinar - Business Communication Skills

July 10: ACRE Mid-Year Forecast and Luncheon 11:30 a.m. - 1:30 p.m. at the Double Tree Hotel - Registration Information

July 16: IFMA: Luncheon - Installation of Officers

July 17: IREM/BOMA Building Tour 11:30 a.m. - 1:00 p.m. at California Family Fitness/Downtown - Registration Information

July 24: IMFA 3rd Annual Facilities Solutions Showcase 3:00 - 7:00 p.m. at the Metro Center Corporate Park - Registration Information

July 31: SIOR Tahoe/Nevada Dinner Meeting

Friday, July 19 -- 10:30 a.m. at the China Buffet in Citrus Heights

Call Ben Couch at (916) 989-4652

August 4: CREW Sacramento 29th Annual Golf Tournament

  

Save the Date: October 15th Sacramento Real Estate Connect -- Economic Review and 2015 Forecast- Harris Center Folsom

  

Heavy Lifting Yet To Rebuild Sacramento

 

Take yourself back four years. The Sacramento region was reeling from a jobless rate of 12.7 percent. We had one of the highest home foreclosure rates in the nation. Government was shedding jobs. Businesses were failing. More than 140,000 previously employed people in our metro area were out of work...read more

Dallas, Texas Reports on California Economy

 

(CBS 11 NEWS) - Texas Governor Rick Perry recently gave Californians a jolt, when he got behind the wheel of a Tesla in Sacramento last month trying to lure the electric car maker to open its second factory in the Lone Star State, not the Golden State. That drove Republican California State Senator Ted Gaines to Texas - first to Austin Monday, then to Dallas Tuesday to keep that from happening. "We want to make sure the Giga factory remains in California - there's 6,500 jobs...read more

 

The CRE 2014 Top Ten Issues Affecting Real Estate

 

The CRE 2014 Top Ten issues Affecting Real Estate 1. Energy: The U.S. is becoming increasingly energy independent. Changes in U.S. energy production are impacting jobs, income growth and the quality of life - key determinants of real estate value and successful investment. The mix of energy types produced-crude oil, natural Check out the rest of the list

NAR Commercial: Tapping Investment Capital


The federal Jobs Act of 2013 opened up new funding sources for real estate investment by allowing companies greater access to capital. But the new law poses hurdles for commercial practitioners, says attorney Dominic Lloyd, a Denver-based partner in the law firm of BakerHostetler LLP. How has Regulation D, Rule 506(c) changed the way real estate practitioners can market securitized properties to potential investors? Historically under Regulation D, unless you registered the offering with the Securities and Exchange Commission, you had to...read more
  
  

 CCIM GREEM Platform Rolled Out


A new service designed to help CCIM members and their clients increase NOI by saving energy, water, and waste. The CCIM Institute is excited to announce the launch of CCIM Green, our new sustainability platform. Use this new (and free!) member benefit to: profile buildings; get recommendations for saving energy, water, and waste; and competitively bid projects to qualified solutions providers. Watch the video »

CBPA - Capital Walk and Real Estate Summit  
 By: PBC

Many members of the NAR affiliate group, IREM, attended the California Commercial Real Estate Summit 2014 organized by California Business Properties Association in June.

The CBPA summit gathers commercial real estate professionals throughout the state to honor select legislators and meet with elected officials to discuss the impact of pending bills on the California commercial real estate industry and the state's business climate. This year's honored legislators were Assembly member Sebastian Ridley-Thomas (D-Culver City) and Senator Cathleen Galgiani (D-Stockton). Both these legislators have worked diligently on the economic recovery of the state. The recipient of the coveted Churchill Award was Allan Zaremberg, CEO of the California Chamber of Commerce. Seventy real estate professionals met with over 50 legislators to discuss the impact of five bills of the most important currently in various stages of the legislative process. The bills discussed and the CBPA position on them is as follows:

SB1021: Split-roll parcel tax - OPPOSED: Further creates a hostile business environment in state. In spite of the fact that non- uniform rates, or taxing commercial and residential properties at different rates, have been found unconstitutional by the California Supreme Court, multiple bills are brought up in the legislature every year. It is the number one issue that CBPA works on.
AB2372: Change of Ownership - CAUTIOUSLY SUPPORT: This bill closes a loophole in Prop 13 where certain transaction forms are used to avoid a step up in the property's basis.
AB2416: Wage Lien - OPPOSED: Allows the employees of contractors to levy individual liens on the properties when they were not paid by the contractor.
AB2109 Parcel Tax Report - SUPPORT: Requires controller to disclose all sources of taxes. Along with being the voice of commercial real estate in the legislature, CBPA represents eight business and real estate associations in the state and often teams up with our REALTOR lobbyist on state industry issues. Many thanks to Rex Hime and the California Business Properties Association. If you would like more information about CBPA, contact Rex at 916.443.4676 or at cbpa.com.

  

OUR Local Development Plan 

 

Keynote presentations were given by Mike McKeever, CEO of SACOG, and Greg Paquin, Owner, The Gregory Group. This ULI program explored what's working and what's not working...read more
  

TECHNOLOGY: Professional photos from your smart phone 


Most smartphones sold today include cameras that range from 8 to 13 megapixels (Lumia 1020's untouchable 41-megapixel camera notwithstanding). That range offers plenty of resolution to take high-quality pictures. But the smartphone lens might leave something to be desired. The good news is, your smartphone has options...read more
  
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