Committee News

NICAR’s goals are to keep members informed of legislative issues and resources affecting commercial real estate and to work with State Legislators and the Illinois Association of Realtors to closely monitor legislation, which affects commercial real estate.

 

Call to Action

Market Update December 21, 2020

I am seeing tenants who are not suffering at all during the pandemic submit LOIs at a discounted rate - and my client (the landlord) is letting them walk. Also, learning how to use MySocial on CRECO.ai to auto-post properties on a rotation on social media pages -...

Market Update December 7, 2020

Problematic CRE returning - CMBS cumulative loan default rate for fixed-rate CMBS recently increased to 16.5% nearing the prior peak of 16.8% recorded in 2013. Hotels and retail are almost 30% by themselves. Is this a case of one person's troubles are another person's...

Market Update November 30, 2020

This week I have seen social media posts from some firms and spoken with clients who own different firms who are interested in expanding their brokerage practices. If anyone is considering a move to a different firm, let me know and I will gladly make confidential...

Market Update November 23, 2020

This week I attended some of the virtual online sessions at NAR's annual conference. Most interesting was economist Lawrence Yun, who forecast a 9% growth in residential transactions for 2021. This will certainly have an impact on commercial real estate as the housing...

Market Update November 16, 2020

I heard a phenomenal line of questioning from a business broker this morning on a virtual networking call: What have you learned this year that you can package and sell? Are there services and insight that you provide that can be assembled as a specific product...