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 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...

Market Update November 9, 2020

If you didn't attend this week's West region broker breakfast, you missed a great one! Kim Miller from Loberg Construction explained the increased construction costs that the market is experiencing - most of which are tied to labor and materials shortages. This is an...

Market Update November 2, 2020

If you have restaurants that you work with who are considering who are inclined to remain open in defiance of the Governor’s order, they can consider sending this letter: https://theserviceindustry.us/pritzker-letter/Closings remain steady as investors seem to wait on...