Register today for CCIM’s Global CRE Investment Bootcamp

Carmela Ma

Carmela Ma CCIM, CIPS, FRICS

Illinois REALTORS® who want to help international commercial investors find the right properties should register now for the Global CRE Investment Bootcamp offered by CCIM Oct. 6 and 7 in Chicago.

The two-day workshop will teach you how to:

  • Qualify inbound investment prospects;
  • Discover investor motivations like EB-5;
  • Navigate cultural and business differences;
  • Monitor U.S. government regulations, including international taxpayer ID; and
  • Assess how currency fluctuations affect investment returns.

The REALTOR® price is $1,295, while CCIM members pay $995.

CCIM also offers the same course in San Francisco Sept. 22 to 24.

Carmela Ma, CCIM, CIPS, FRICS will be the instructor for both classes.

Morning Minute: NAR sees a jump in new commercial real estate members

Image: Bigstock

Image: Bigstock

The number of new commercial REALTORS® is growing, particularly among agents with less than two years of commercial real estate experience — a demographic that has nearly doubled to 9 percent, according to the 2016 National Association of REALTORS® (NAR) Commercial Member Profile. The survey also found that commercial REALTORS® complete on average a median of nine transactions a year and the median sales transaction volume was $2,931,000. Learn more by reading NAR’s news release, infographic and an article by REALTOR® Magazine.

“As the U.S. economy continues to experience strong, steady recovery, NAR has seen more and more members choose to specialize in commercial real estate. REALTORS® who practice commercial real estate help build and improve the economies of our local communities, so as a community’s commercial real estate market grows and improves so does the local economy,” said NAR President Tom Salomone said in a news release.

In other headlines:

The Real Cost of Moving—Revealed – realtor.com

Infographic: Home Sales Accelerate During The “Dog Days of Summer – KCM Blog

 

Illinois REALTORS® learn about an important asset

Wilmsmeyer

Dennis Wilmsmeyer (Photo by Matt Difanis)

Dennis Wilmsmeyer, the Executive Director of America’s Central Port, reminded a group of Illinois REALTORS® of the state’s benefits to domestic and foreign investors, including its status as a designated trade zone.

Wilmsmeyer made his remarks to the Commercial and Industrial Committee and the Global Working Group at the Illinois REALTORS® June Business Meetings.

Bill Caton, Chair of the Commercial and Industrial Committee, and Jim Kinney, Chair of the Global Working Group, introduced Wilmsmeyer, who was formerly a REALTOR®.  Wilmsmeyer joined the Port District in 1999 and became the Executive Director in 2010.

While he, like many of us, lamented the state’s current fiscal situation, he said “the port is strategically located and serves one of the busiest waterways to move over $1 billion dollars’ worth of goods each year.”  His presentation included statistics on the port itself but he also spoke about the value of Illinois and its logistics infrastructure and why Illinois is key to getting products to market, both domestically and internationally. As a designated foreign trade zone, the port allows for the import of goods with the benefit of reduced, deferred or possibly elimination of duties on those goods.

He said the designated foreign trade is a great feature our members need to be aware of when helping their foreign investor clients make decisions on where to locate their U.S. facilities.  Known as Foreign Trade Zone #31, it is part of a network of eight others in the state of Illinois. (Get more information.)

So while, there still are hurdles here in the state that need to be overcome, Illinois REALTORS® need to remember the assets we have in order to serve clients as “trusted advisors,” Wilmsmeyer said. “We consider REALTORS® our partners, and we are happy to provide tours to educate you on all we have to offer for your clients.”

He also stressed the importance of residential REALTORS®, their knowledge of the surrounding communities and their ability to share information about the quality of life in the areas where port authorities are located. This information goes a long way since it is part of the decision-making criteria for site selectors and corporate leadership.

 

Registration begins for NICAR CIPS class

Northern Illinois Commercial Association of REALTORS logoCommercial REALTORS® interested in international real estate and working with foreign buyers will have a unique learning opportunity in September.

The Northern Illinois Commercial Association of REALTORS® will host the first commercially-focused Certified International Property Specialist (CIPS) Institute on the Northern Illinois University Campus in Naperville Sept. 19-23. Register on the NICAR website.

The week-long agenda includes five CIPS courses, allowing students to earn this designation in one week, in the classroom with their commercial real estate peers. 

International real estate opportunities are available everywhere and many foreign buyers are looking to purchase property within Illinois. The Certified International Property Specialist (CIPS) Designation provides the knowledge, research, network and tools to globalize a business.

Instructor David Lauster, CCIM, CIPS, CRS, helped write the curriculum and teach it. He was the recipient of the 2005 CIPS Instructor of the Year award. 

The week-long curriculum will focus on local markets, transaction tools, Europe, Asia/Pacific and the Americas and their relationships with international real estate, currency and exchange rate issues, cross-cultural relationships and etiquette, regional market condition, investment performance and tax issues.

The course will be held from 9 a.m. to 5 p.m. Sept. 19-23 on the NIU Campus at 1120 E. Diehl Road.  

Early bird registration is $645 and ends on July 31, 2016. After July 31, registration will be $695. Click here to register. For more information about the benefits of earning a CIPS designation, visit www.realtor.org/designations.

CCIM offers Development Course opportunity to REALTORS®

CCIM intro to development workshopIllinois REALTORS® who want to understand commercial real estate development better can register for the CCIM Institute’s July class, “Introduction to Development Workshop,” in downtown Chicago.

The July 14-16 course will be offered to REALTORS® for $1,135, and will be held at the Levine Learning Center, 430 N. Michigan Ave., 8th Floor.

The course is part of the CCIM Development Specialty Track, which provides real estate developers, investors and consultants with an understanding of the resources and business practices required for successful development projects. The program is based on the Real Estate Development Matrix put together at the Johns Hopkins Carey Business School.

The course is scheduled to start at 8:30 a.m. each day.  For more details, go to this site.