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.

Missed the Commercial Real Estate and Tax Reform Seminar? A Recording is Now Available


Periodically, the Commercial Chapter of Suburban West will simulcast its in-person seminars as webinars. Our February 2nd session on Commercial Real Estate and Tax Reform was the most recent session delivered this way and recording of the 90-minute session is now available to access on the Suburban West' Webinar Series Archive page.
This informative session featured accountants Geoffrey Smith, CPA, MST and Seth Moskowitz, CPA of Eisner Amper as they highlighted the effects of the recent Tax Reform law on:
  • Pass-Through entities
  • Individual income tax
  • Partnership tax audit rules
  • State and local tax update

Don't Worry - Commercial Classes Are Still Available for Your Real Estate License Renewal


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 the schedule of 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.

NAR Releases Commercial Real Estate Outlook for Q1


The National Association of REALTORS (NAR) latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets.
Highlights of the recently released Q1 2018 report are:
  • Commercial real estate in SCRE markets continued to experience advances in investment sales as the momentum picked up in the final quarter of the year.
  • The bifurcation in investment trends continued along valuation lines. However, even in LCRE markets, trends proved more nuanced.
  • Commercial leasing fundamentals remain poised for expansion this year, boosted by an expanding economy, employment and tax reform.
  • Vacancy rates are projected to continue their decline, except for multifamily properties, where rising new supply is putting downward pressure on rents.

Reminder - Leverage the Power of RPR Commercial for Your Business


RPR Commercial exclusive helps REALTORS generate persuasive, decision-making data and reports for all types of clients. An online database developed in conjunction with the National Association of REALTORS, RPR Commercial is a REALTOR benefit that is incorporated into the annual NAR dues.
The following are some resources that you can access to learn more about the power of RPR Commercial and how you can get up and running with this:
powered by emma
Subscribe to our email list.