Legislative Updates – Impact of Government Shutdown on REALTORS® and NFIP Update

On January 2, the 116th Congress convened their work for the next two years. Following the November elections, Democrats regained their majority in the House of Representatives while the Senate remains in Republican control. This Congress will have numerous important issues to address during its term, including some which carried over from the 115th Congress.

Impact of the Government Shutdown on REALTORS®

As the current partial government shutdown enters its 14th day, the effect has been wide-reaching. REALTORS® and their clients rely on numerous federally-back or supported programs as a part of their transactions so it is important to look at the impact that this current shutdown may have on those programs.

NAR has put together a comprehensive look at the impact you or your clients may be feeling. Included in this resource are NAR staff contacts who can provide you more details about how to assist your clients.

NC REALTORS® is also collecting data on transactions impacted by the shutdown. If any of your clients have encountered issues, let us know. Email Seth Palmer, subject line: “Government Shutdown.”

NFIP: Crisis Averted…For Now

In late December, Congress approved an extension on the National Flood Insurance Program (NFIP) until May 31, 2019. However, due to the government shutdown, conflicting information was distributed by FEMA, policy holders were being told that insurers weren’t allowed to issues and renew policies. Thanks to the quick work by NAR lobbyists and affected members across the country, our advocacy work was successful and FEMA reversed their decision.

Learn More >>

Posted in Industry, Legislative

A look at Charlotte’s top commercial real estate deals in 2018

Charlotte commercial real estate in 2018 saw significant sales across multiple sectors but most prominently in the urban office and multifamily sectors. This top ten list includes projects such as the Cambridge Corporate Center, 500 East Morehead, and more.

Read more here.

Posted in Uncategorized | Leave a comment

NAR Helps Secure FEMA Reversal On New Flood Policies During Shutdown

In a critical win for home sales while the partial shutdown of the federal government is ongoing, the Federal Emergency Management Agency will issue and renew flood insurance policies, reversing an unexpected and controversial ruling the agency released earlier this week.

“FEMA and the Administration deserve credit for hearing our concerns and acting swiftly to address them,” says NAR President John Smaby. “This new decision means thousands of home sale transactions in communities across the country can go forward without interruption, as Congress intended when it renewed the flood insurance program earlier this week. Our research has shown that 40,000 home sales are lost every month that flood insurance is not available.”

Click here to read more.

Posted in Industry, Legislative

Members on the Move

Send us your News and Transactions
Did you know that the Members on the Move post is our most viewed and reaches over 1,000 CRCBR members in our Voice Highlights newsletter? We are always looking to recognize our members for their achievements. Please send any recent news or transaction information to thevoice@crcbr.org.


Congratulations to the following CRCBR members on their recent achievements:

Park Commercial Real Estate – Vince Sumner and Charlie Swanson
Park Commercial Real Estate is pleased to announce the recent additions of Vince Sumner and Charlie Swanson, two commercial real estate professionals with a combined 40 years of experience in Charlotte’s office market, to the firm. Sumner and Swanson join Park Commercial as partners after lengthy careers with NAI Southern Real Estate and Beacon Partners, respectively. Read more here.

Posted in Industry, Local, Members on the Move, Membership

Flood Insurance Extended to December 21st

On December 6, 2018, the House and Senate passed a two-week extension of the National Flood Insurance Program. The President is expected to sign the measure.

The program is being extended as part of a temporary appropriations bill called a continuing resolution to avoid a partial shutdown of the federal government. The legislation will move the funding deadline for fiscal 2019 spending bills that are still outstanding to Dec. 21.

By extending flood insurance as part of the continuing resolution, the next extension could be part of a long-term funding agreement, potentially running through September of next year.

NAR supports long-term reauthorization and reforms to strengthen the program.

Read more here.

Posted in Legislative, Local

CRCBR Celebrates 25th Anniversary and Outstanding Achievement at 2018 Annual Meeting

Charlotte Region Commercial Board of REALTORS® (CRCBR) held its annual meeting on Wednesday, December 5, 2018 where individuals were recognized for their contributions to the organization and the Charlotte Region. At the meeting:

  • 2018 CRCBR President, Meredith Ball, sat down with special guests Mike Harrell, Beacon Partners; Erik Johnson, White Point Partners; and Tony Kuhn, Flywheel Group to discuss the changing face of Charlotte commercial real estate and trends they’re seeing in the industry.
  • We released our 2018 Annual Report.
  • The membership also approved the new 2019 officers and directors. Their board service will begin on January 1, 2019. (See below for list)
  • Click here to view photos from the event.

2018 Annual Award Winners

Corporate Associate of the Year

John Sozzi, Wells Fargo
The Corporate Associate of the Year award is bestowed upon the Corporate Associate member who made the greatest contribution of time, energy, and resources to CRCBR.

President’s Award

Rob Speir, Colliers International
The President’s Award is given for outstanding work and contributions to CRCBR.

REALTOR® of the Year

 

Ward Mullis, Gibson Smith Realty Co.
The REALTOR® of the Year is presented to the outstanding REALTOR® of the year, judged on REALTOR® spirit, civic activity, business accomplishments, NAR and NCAR activity.

Cornerstone Award

Charlotte Panthers (accepted by President, Tom Glick)
The Cornerstone Award recognizes the non-member individual, institution or firm that has significantly improved the economy of the Charlotte Region and its image and, in particular, improved the business environment for the commercial real estate industry.

Click here for a list of all previous award winners.

2019 Board of Directors

  • President – Rob Speir, Colliers International
  • President Elect – Charles Neil, Divaris
  • Vice President – Brett Gray, Cushman & Wakefield
  • Secretary – Kim Kendall, Northwood Office
  • Treasurer – Marty McLaughlin, Park Commercial Real Estate
  • Immediate Past President – Meredith Ball, Foundry Commercial

*For a full list of the 2018 CRCBR Board of Directors, click here.

Posted in Events, Local, Membership, Programs

Members on the Move

Send us your News and Transactions
Did you know that the Members on the Move post is our most viewed and reaches over 1,000 CRCBR members in our Voice Highlights newsletter? We are always looking to recognize our members for their achievements. Please send any recent news or transaction information to thevoice@crcbr.org.


Congratulations to the following CRCBR members on their recent achievements:

Cushman & Wakefield – Brooks Colquitt
Cushman & Wakefield has arranged three multifamily sales in Rock Hill, South Carolina, for a total of $30.3 million. Watson Bryant, Paul Marley and Brooks Colquitt represented the sellers in the transactions. New Jersey-based property owner FriedLam Partners acquired the properties.

Cushman & Wakefield – Zach McLaren
Each year, NAR honors accomplished REALTORS® in commercial real estate by celebrating their local achievement through recognition in our National Commercial Awards. Honorees have received awards from their local association, state association, community organizations or brokerages, making them eligible to be nominated by their local association for this NAR recognition. Zach McLaren of Cushman & Wakefield received the CRCBR 2017 President’s Award and was recognized by NAR with 79 REALTORS® for their outstanding achievements within the commercial real estate industry and beyond over the past year.

Romans Properties – Chris Orr

  • Chris Orr of Romans Properties represented Taipan Development LLC in the sale of a 2850 Kinard Street in Newberry, SC for $3,950,000 to a private buyer. This facility is leased to Fresenius Kidney Care until 2030.
  • Chris Orr of Romans Properties represented H5 Data Centers in their 19.5 Million dollar purchase of the 80,000 SF facility located at 100 Taylor Ave in San Antonio Texas.
  • Chris Orr of Romans Properties is proud to have represented H5 Data Centers in the following 80,000 SF $19.5 Million Dollar transaction, located at 100 Taylor Street in San Antonio, TX. Read more here.
Posted in Local, Members on the Move, Membership