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
URGENT 1031 Buyer Need | Single Tenant Retail or Medical $3.5-$4.5M
PropertyType: Retail/Commercial Target County: DuPage County Target Cities: Addison, Aurora, Bartlett, Batavia, Bensenville, Bloomingdale, Bolingbrook, Burr Ridge, Carol Stream, Clarendon Hills, Darien, Downers Grove, Elk Grove Village, Elmhurst, Glen Ellyn, Glendale...
Market Update January 18, 2021
Illinois Eviction Moratorium Extended to February 2021 for Renters. Landlords must provide a Declaration form to the resident or tenant at least five days prior to the notice of termination of tenancy. If the tenant can establish that he/she/they meet all four...
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...
Chicago Virtual Broker Breakfast REPLAY
North/Northeast Suburban Virtual Broker Breakfast REPLAY
Seeking new Licensees and established Brokers to deliver on our Mission
PropertyType: Business Opportunity Target County: Cook County Target Cities: Describe Your Need InSite Commercial Realty brings a high level of professional support to business owners, non-institutional investors and developers as they pursue their real estate...
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...