Kentucky Commercial Real Estate Alliance Blog Feed

Commercial Real Estate: 2012 Growth

2011-12-02T08:34:57-06:00

Commercial Real Estate: 2012 Growth Expected

Commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend for 2012, NAR forecasts. “Vacancy rates are flat, leasing is soft and concessions continue to make it a tenant’s market, but with modest economic growth and job creation, the fundamentals for commercial real estate should gradually improve in the coming year,” says NAR Chief Economist Lawrence Yun.

Details

Commercial to See Improvement in 2012

2011-11-22T08:30:59-06:00

Commercial to See Improvement in 2012

Measured improvements in commercial real estate markets and the broader economy are expected because job growth and other economic factors are slowly improving, said NAR Chief Economist Lawrence Yun in a commercial update he gave at the 2011 REALTORS® Conference & Expo in Anaheim last week.

Announcing the Broker of the Year Award Winners

2011-10-07T11:13:20-06:00

Congratulations for the 2011 Broker of the Year Award Winners! Finalists in categories of industrial, office and retail brokerage were selected based on the total amount of square feet of both leased and sold comparable transactions completed in the 2010 calendar year and entered in the KCREA database.

Industrial: L. Powell Spears, Cassidy Turley Harry K. Moore
Office: Larry Fuller, Fuller Commercial Real Estate
Retail: Timothy B. Gramig, Cassidy Turley Harry K. Moore

Rising Star Award Winner: Clay Hunt, Cassidy Turley Harry K. Moore
The Rising Star Award is given to "up and coming" commercial brokers who are relatively new to the industry based on 2010 transactions entered in the KCREA database.

Kentucky Commercial Real Estate Conference - Oct 7th

2011-09-26T09:07:01-06:00

Kentucky Commercial Real Estate Conference More than 200 commercial real estate professionals, representing nearly 100 real estate companies and law firms, from across Kentucky attend this annual conference. This conference is also attended by financial planners and engineers involved in the commercial real estate industry. The conference also provides attendees the opportunity to earn continuing education credits. For more information and to register, please visit www.KYCommercialRE.com. KCREA Awards Thursday evening, October 6th.

GLAR elections are over

2011-08-16T07:57:03-06:00

Congratulations to the newly elected officers of the Greater Louisville Association of REALTORS

Paul Ogden, President-Elect

Lester Sanders, Secretary/Treasurer-Elect

GLAR Officer Elections Begin August 8th

2011-08-05T08:33:39-06:00

GLAR Officer Elections

Members will be able to vote for the newest officers of the Greater Louisville Association of Realtors® beginning at 9am on Monday, August 8^th. Polls will remain open until 12:00 noon on Monday, August 15^th. GLAR Realtor® members will be able to vote for President-Elect and Secretary/Treasurer-Elect. Candidates for President-Elect are Paul Ogden and Lisa Presley-McGrew. Candidates for Secretary/Treasurer-Elect are Grace Patterson and Lester Sanders.

To view a photo and brief bio from each candidate, please click on their name below.

Candidates for President-Elect

Paul Ogden

Lisa Presley-McGrew

Candidates for Secretary/Treasurer-Elect

Grace Patterson

Lester Sanders

Members who prefer to vote via paper ballot may stop by the Association office anytime between 9am August 8^th and 12pm on August 15^th or request that a ballot be mailed to them. Paper ballots must be received at the Association office by 12pm on August 15^th. Please contact Angie Kingston at (502) 894-9860 or via email at Angie@LouisvilleRealtors.com to request paper ballots or for assistance with online voting.

Boards to Revisit NAR-opposed Lease Proposal

2011-08-04T11:08:56-06:00

Boards to Revisit NAR-opposed Lease Proposal
The Financial Accounting Standards Board and the International Accounting Standards Board will take a new look at their controversial proposed lease accounting rules. NAR was among organizations that called for the boards to rethink their approach because it would force businesses to bring leased assets onto their books as liabilities, a move that will hurt the commercial real estate market by reducing the amount of money available for purchases and leases. For more info contact Vijay Yadlapati, 202/38301090.

2011 KCREA Awards Event

2011-07-19T11:12:52-06:00

Do you exemplify the successful commercial real estate professional?

The 2011 Commercial Realtor® of the Year Awardwill be presented to three KCREA members who have demonstrated outstanding dedication to the commercial real estate industry as well as continued commitment and support to the local community.

The 2011 Rising Star Awardwill be presented to a more recently established member who has shown exceptional dedication, cooperation, potential and support.

Time is running out! You have until August 31, 2011 to ensure your 2010 Completed Transactions have been entered in the comparables section at www.kcrea.com.

Click here for additional information and criteria.

2011 KCREA Commercial Realtor® of the Year Awards

KCREA AWARDS EVENT-Thursday, October 6, 2011 6:00 -9:00 PM

At the Kentucky Commercial Real Estate Conference Cocktail Hour

Downtown Marriott

2011 KCREA Commercial Realtor® of the Year

Categories:

Industrial
Office
Retail

Industrial, Office, Retail

Criteria:

Five finalists in each of the above categories will be selected based on the total amount of square feet leased and sold in each particular category for calendar year 2010. Your data must have been entered into the Comparables (completed transactions) section by August 31, 2010. The nominating committee will verify each completed transaction and select a winner based on:

Total Square Footage (properties both sold and leased) for the time period 1/1/2010-12/31/2010.
Broker’s/Agent’s reputation for professionalism in the Commercial Real Estate community and involvement in the local community as a whole.

2011 KCREA Rising Star Award

Criteria:

Five finalist will be selected based on the following:
Active in the commercial real estate community no sooner than January 1, 2009.
Total number of 2010 transactions reported and verified to the KCREA comparables (completed transactions) section by August 31, 2011 for the time period of 1/1/2010-12/31/2010.

Announcing Candidates for Board of Directors Elections

2011-07-12T08:22:34-06:00

Mark your calendars! Board of Directors elections will begin at 9am on July13th and polls will remain open until 12:00 noon on July 21^st. You’ll have the opportunity to vote for eight (8) members to serve on the Greater Louisville Association of REALTORS® Board of Directors and two (2) members to serve on the Metro Search Board of Directors.

CLICK HERE TO VOTE NOW www.associationvoting.com/glar

You will also be able to vote by paper ballot anytime during the election period. Paper ballots may be picked up at the Association office.

Candidates for GLAR Board of Directors are:

Click on the candidates name to see the photo and bio of each candidate.

Ton Ali,Cornerstone Group REALTORS® Elizabeth Monarch, RE/MAX Associates

Paula Colvin, Real Estate Today Lou Ann Moore, Century 21 Advantage Plus

Patricia Edison, Gold Key Realty LLC Paul Ogden, Prudential Parks & Weisberg

Carl Horton, Semonin REALTORS® Ashley S. Parker, Parker & Klein Real Estate

Michael Logsdon, RE/MAX Real Estate Center Rip Phillips, Advantage 33

Brad Long, Keller Williams Realty East Cris Sims, RE/MAX Properties East

Todd Martin, RE/MAX Metro Karen Story, Semonin REALTORS

Kathy McGann, RE/MAX Properties East Colleen E. Walker, Kentucky Select Properties

Ed Williamson, RE/MAX Properties East

Candidates for MSI Board of Directors are:

Click on candidates name to see a photo and bio of each candidate.

Jay Gulick, Kentucky Select Properties

Dave Halpern, LouisvilleShortSaleExpert.com

John Nitzken, John Nitzken REALTORS®

Cindy Shannon, Semonin, REALTORS®

Commercial Stabilizing, Demand Growing

2011-05-26T09:26:45-06:00

Commercial Stabilizing, Demand Growing
The improving economy and job creation mean improving vacancy rates in the major sectors, NAR says. Vacancy rates in the office sector are expected to fall from 16.3 percent in the second quarter of this year to 15.3 percent in the second quarter of 2012, industrial vacancies to fall from 13.9 percent to 13.0 percent, retail from 13.1 percent to 12.6 percent, and multifamily from 5.8 percent to 4.7 percent. Access a summary of the Commercial Real Estate Outlook.

Nomination for Directors Now Being Accepted

2011-05-23T10:31:56-06:00

Nominations are now being accepted for new members to the Greater Louisville Association of Realtors® (GLAR) and Metro Search, Inc. (MSI) Board of Directors. Candidates for the GLAR Board of Directors must have been a Realtor® member in good standing for at least one (1) year and must have served at least one (1) year as an active member of a committee or task force. There are no prior service requirements to serve on the MSI Board of Directors. To nominate yourself or a fellow Realtor®, forward a brief biography and photo, for publication to the membership, as well as a written commitment to serve if elected, to the Greater Louisville Association of Realtors® 6300 Dutchmans Pkwy., Louisville, KY 40205, Attention Angie Kingston or email the information to Angie@LouisvilleRealtors.com. Nominations must be received by July 1, 2011. All nominations will be submitted to the appropriate Nominating Committee for consideration.