Friday was all things commercial day: My business is focused on commercial properties, and I am a two-term member of the NAR Commercial Committee. The Commercial Committee meeting held Friday morning was extremely informative, and relevant to several issues I am dealing with right now. There were also excellent presentations from Xceligent and RPR Commercial, two high-value NAR member benefit initiatives, that are making great strides in geographic penetration as well as everyday user-friendly results-oriented data management and analytics that make us better commercial REALTORS®. It was also quite stimulating and entertaining with a dynamic presentation from Stefan Swanepoel, who is reprising the DANGER Report that focused on residential trends, to ALERT, a similar report that is centered on the commercial real estate industry, due out May of 2017. This meeting was not just for committee members: the audience went away with some valuable networking contacts and intel on issues from legislative updates to green buildings development.
The Commercial Economic Issues and Trends Forum: Friday afternoon. Suzanne gets annoyed with me when we rent a movie and I can only stay focused for the first 10 minutes. If it doesn’t grab me by then, I’m out of there. This session had me right away and in rapt attention for two hours. Rock star economist Dr. Lawrence Yun and KC Conway captivated a packed room for over two hours in this delightful afternoon session. There was so much great information, and real intelligence, that I am showing the replay of this to my board when I return home. This is the way all presentations should go: stuff that surprises you, makes you think, and inspires. As attendees filed out of the room you could hear them chatting about how powerful and entertaining this session was. I couldn’t take notes fast enough: this definitely bears watching the download!
Commercial Caffeinated Breakfast: Okay, a Saturday morning start of 7:15am after the concert last night was a bit much, but NAR Commercial Staff Executive Jan Hope and her organizers had intravenous coffee drips set up and the conversation on stage with Peter Stergos, who is head of real estate for United Technologies Corp., was like a triple shot espresso itself. This is a guy who looks after 75 million feet of sophisticated manufacturing plants all around the globe. Peter shared his considerable insights about site selection, labor availability, government incentive programs, tax laws, currency fluctuations, and other factors that dictate where capital flows and real estate gets developed. Fascinating! What a great way to begin the day!