Tuesday, April 12, 2011
BY: Nicholas A. Dunlap, CPM
Springtime in DC and that means it's time for the 11th annual IREM/CCIM visit to Capitol Hill. Due to our control and ownership of a significant amount of property within the areas represented, we have been awarded the opportunity to communicate directly with our elected officials to educate them on the foremost issues concerning the commercial real estate industry.
This is my second time participating in the event. You can read my blog summarizing last years event by clicking here: http://www.nicholasdunlap.com/2010/05/my-plea-to-congress.html
This year we will be meeting with a number of new and old faces on the Hill. Our meetings include: Ed Royce ( a former tenant of ours), Loretta Sanchez, Dana Rohrabacher, Gary Miller and Darrell Issa to name a few. We will be advising them on policies such as: mortgage liquidity, covered bonds, increases in credit union lending as well as new incentives to encourage energy efficiency in the operation of commercial properties.
Additionally, I will be presenting each of the aforementioned officials with a copy of my book "The Four Benefits: Commercial Real Estate Investing & You".
Stay tuned for a complete summary of events and occurrences on the Hill.
Monday, April 4, 2011
Small Steps Toward a Recovery
By: Nicholas A. Dunlap, CPM
Success in commercial real estate depends on jobs. From employment growth to wage growth, investors make their decisions based highly on the performance of a region or the projections set for a specific time period. Right now, the statistics bode well for office and multifamily properties alike. People have jobs and need a place to live. Employers now hiring, need a place for their employees to work. This improving climate has highlighted several market areas as “places to watch”.
Recent data released by the Labor Department shows that unemployment has decreased to 8.8% which happens to be a two year low. Of course there are specific geographic regions where the number may be higher or lower, but the general idea that things are looking up is recognized nationwide. Be it from an operational standpoint where we recognize an increase in rental applications and occupancy or a decrease in delinquencies, or from the investment standpoint where we are actively considering new opportunities, we are heading toward a perfect storm for positive cash flow real estate investors: low interest rates, decreasing unemployment and product available at a discount from recent highs.
If you are interested in obtaining additional information on group real estate investments, joint venture programs or other commercial real estate investment services, click below to purchase my book "The Four Benefits: Commercial Real Estate Investing & You".