Chapter Chatter
March 22, 2018

This monthly newsletter features news and information on the Commercial Chapter, including courses and events.  It also features state and national REALTOR association news items and select news impacting the local commercial real estate market.

Time is Running Out to Complete Your Continuing Education - Commercial Classes Still Available


While the PA real estate renewal deadline of May 31st is fast approaching, the Association of REALTORS School still has availability in many of its courses. Within our full schedule of continuing education classes are six commercial specific topics that have been scheduled periodically through May. Click here for complete schedule of Commercial classes which includes the following commercial topics:
  • 1031 Tax-Deferred Exchanges
  • Commercial Real Estate Valuation Principles and Procedures
  • Federal Tax Strategies for Commercial Real Estate
  • Fundamentals of Commercial Real Estate
  • Millennial Generation and Retail & Housing Markets
  • Zoning and Land Use
IMPORTANT NOTE: For the 2016-2018 PA real estate license renewal, all licensees must complete 3 hours in PA Rules and Regulations within the required 14 hours. None of the classes listed above provide that requirement, however we are offering the required topic in both a general 3.5-hour (Back to Basics) and 7-hour (From Regulation to Practice) course. Click here to access a schedule of classes that provides this required credit.

Commercial Insights: Re-Thinking the Business Seminar is April 5th


Joe Williams, Co-Founder, of Keller Williams is coming to Philadelphia to share insights and observations about Commercial Real Estate and how and where it fits into what he calls the "Fourth Industrial Revolution". 
The April 5th event (3pm-7pm at The Bellevue Hotel in Philadelphia) will feature Joe discussing:
  • The "land grab" for your data and what will result
  • Using leverage to get your life back
  • Techtonic changes in the workforce and what they mean for Commercial Real Estate
  • His 3 biggest mistakes and how they rewired our thinking.
To learn more about this program (which also features a networking cocktail hour) and to register, go to https://kwcommercial-joewilliams.eventbrite.com ($40/ticket).

Next Commercial/Investment Exchange to Feature Presentation on Reonomy


On the second Friday of every month, Suburban West hosts a Commercial/Investment Marketing Exchange at its office in Malvern. This free event is open to both members and non-members interested in networking, presenting the "haves" and "wants" of clients and a presentation.
The April 13th event (8:15 am - 9:45 am) will feature a remote presentation on "Reonomy 101" by Bennet Simonton, Account Executive for Reonomy. Reonomy is the largest CRE platform in the country with sales, debt, tax and building/lot information on 48 million CRE properties. They go a step further and pierce the LLC to provide owners contact information (emails and phone numbers) more so than any other solution on the market.
No advanced registration is necessary and we hope to see you on April 13th.

Reminder - Free Tech Support Available For Chapter Members


Did you know you have FREE tech support with your Suburban West membership? The Tech Helpline is a call center based in Orlando that can assist you with any office device, from laptops and printers to routers and mobile devices. They can clear your system of malware, troubleshoot with your website, get your WIFI back up and running, and even help you make informed decisions when purchasing new tech products.
The Tech Helpline can be reached at (800) 897-0873 or email support@techhelpline.com Monday-Friday 9am-8pm and Saturday 9am-5pm to reach 32 friendly analysts knowledgeable in the real estate industry. They will diagnose your technical issues, and resolve problems via remote session. You can also visit www.TechHelpline.com for live chat!
To find out more, please view the following video: https://www.youtube.com/watch?v=t0bwKI_Zp6U&feature=youtu.be

Deadline to Take Philadelphia Business Journal's Mid-Atlantic Real Estate Sentiment Index Survey is March 30th


The Philadelphia Business Journal is teaming up with the Philadelphia Real Estate Council to produce a quarterly Mid-Atlantic Real Estate Sentiment Index.
If you would like to participate in the survey, please click here. The deadline is March 30th.
The index, designed to measure confidence in the regional commercial markets, will receive input by survey top executives in all major asset classes who operate in all submarkets in the mid-Atlantic region. The survey numbers will be analyzed, charted and prepared for publication by Econsult Solutions, an economic consulting firm in Philadelphia.
Founded in 2010 by Llenrock Group founder and CEO Andrew Benioff, the Philadelphia Real Estate Council is a peer group for regional real estate leaders. The group has been producing an internal sentiment index for several years. Through the partnership with the Business Journal, the council's goal is to extend the reach of the index and increase its impact, Benioff said.
The Business Journal will publish the quarterly results and regular commentary about the index. The Mid-Atlantic Real Estate Sentiment index will measure:
  • General market conditions
  • Commercial rents
  • Leasing activity
  • Operating expenses
  • Construction costs
  • Cap rates
  • Credit conditions
  • Gross Assets
Source: Philadelphia Business Journal, March 22, 2018
Not a Commercial Chapter Member? Click here to learn more about the Chapter or call 610-560-4800
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