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Archives for 2018

Brownfield Incentive Programs Presented

March 22, 2018 by Shari

March 21 –  Attendees of the March 21 Lunch-n-Learn enjoyed the Brownfield Incentives program presented by Janet Michaluk (DEQ) and Jared Belka, (Warner Norcross & Judd).

The speakers generously provided the following information for CARWM members to use:
Brownfield Presentation CAR 3 21 18

Available Resources:

DEQ Brownfield Unit Contact Map: http://www.michigan.gov/documents/deq/deq-rrd-Revised_staff_map_ada_615211_7.pdf

DEQ Brownfield Grant and Loan and Act 381 Brownfield Program Fact Sheets: http://www.michigan.gov/documents/deq/BrownfieldGrantLoanACT381CombinedFactSheet2-23-18_615202_7.pdf

DEQ Brownfield Redevelopment Assessments: http://www.michigan.gov/deq/0,4561,7-135-3311_29262-199235–,00.html

Act 381 Guidance Document: http://www.michiganbusiness.org/cm/files/brownfields/act-381-guidance.pdf

MEDC Community Assistance Team (CAT)eam Contact Map: https://www.miplace.org/globalassets/media-documents/cateam-map.pdf

MEDC Business Development Manger (BDM) Contact Map: https://www.michiganbusiness.org/cm/Files/Fact-Sheets/BDM_RegionsMap.pdf

MEDC Act 381 Brownfield Program Fact Sheet: http://www.michiganbusiness.org/cm/Files/Fact-Sheets/BrownfieldProgramProcess.pdf

MEDC Community Revitalization Program (CRP) Grant and Loan Program Fact Sheet: https://www.michiganbusiness.org/cm/files/fact-sheets/communityrevitalizationprogram.pdf

MEDC Business Development Program (BDP) Fact Sheet: https://www.michiganbusiness.org/cm/files/fact-sheets/michiganbusinessdevelopmentprogram.pdf

MEDC Community Development Block Grant (CDBG) Program Fact Sheets: https://www.michiganbusiness.org/cm/files/fact-sheets/cdbg.pdf and http://www.michiganbusiness.org/cm/files/fact-sheets/cdbg-biz-dev-initiatives.pdf

Industrial Facilities Tax Exemption (PA 198) Fact Sheet: https://www.michiganbusiness.org/cm/Files/Fact-Sheets/IndustrialProptaxAbatePA198.pdf

Obsolete Property Rehabilitation Act (OPRA) Fact Sheet: https://www.miplace.org/globalassets/media-documents/placemaking/community-development-guide/obsolete-property-rehabilitation-act-pa-146.pdf

Commercial Rehabilitation Act Fact Sheet: https://www.michiganbusiness.org/cm/Files/Fact-Sheets/CommercialRehabilitatiionAct.pdf

Neighborhood Enterprise Zone (NEZ): http://www.michiganbusiness.org/cm/files/fact-sheets/neighborhoodenterprisezone.pdf

Historic Tax Credits: https://www.nps.gov/tps/tax-incentives.htm

Filed Under: Industry News

NAR Commercial Real Estate Outlook – 2018 First Quarter Report

March 14, 2018 by Shari

NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets.

Highlights:

  • Commercial real estate in SCRE markets continued to experience advances in investment sales, as the momentum picked up in the final quarter of the year.
  • The bifurcation in investment trends continued along valuation lines. However, even in LCRE markets, trends proved more nuanced.
  • Commercial leasing fundamentals remain poised for expansion this year, boosted by an expanding economy, employment and the tax reform.
  • Vacancy rates are projected to continue their decline, except for multifamily properties, where rising new supply is putting downward pressure on rents.

FULL REPORT

Filed Under: Industry News

Welcome, New Member

March 8, 2018 by Shari

The Commercial Alliance of REALTORS is pleased to welcome REALTOR member Al Bolt, Excel Realty LLC, to the membership.

Filed Under: Announcements

National Association of REALTORS Legislative and Regulatory Priorities 2018

March 5, 2018 by Shari

The National Association of REALTORS® (NAR) represents over one million REALTORS® involved in all facets of the industry as brokers, sales agents, property managers, appraisers and counselors. As the largest professional trade association in the United States, NAR advocates policy initiatives that promote and protect a fundamentally sound and dynamic U.S. real estate market fostering vibrant communities.

See what NAR is prioritizing on behalf of members this year:
Legislative and Regulatory Priorities

Filed Under: Industry News

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