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Sunday, September 27, 2015

Wednesday, August 5, 2015

Certified International Property Specialist (CIPS) Courses Coming to Metro New York City






 
Certified International Property Specialist Courses 
To New York City Metro Area
In August and September 2015


Commencing August 26 and thru August 28th,  and then on September 22  to September 23rd, Rich Hart Global, Inc, and The Evalucore Institute will hold two (2) separate training sessions and bring the entire five (5) Certified International Property Specialist (CIPS)  Course Offerings to the Metro New York City Area.

The training to prepare CIPS Designee’s will take place at the NASSAU BOCES Center, 71 Clinton Road, Garden City, NY.

Upon satisfactory completion of the five (5) courses as well, additional   requirements, and submission of an application, those candidates may then be eligible to join the cadre and global network of 2,000 CIPS Designees.

The courses, designed for Real Estate Professionals who are seeking to expand their skills and knowledge, as they enter into or facilitate international real estate transactions, will run from 08:30 am to 5:30 pm each day, and will provide 7.5 hours of approved CE for each course.

The training schedule for the courses will be as follows:
  • August 26, 2015:         “ Local Markets”
  • August 27, 2015:         “ Transaction Tools”
  • August 28, 2015:         “Americas &  International Real Estate”
  • September 22, 2015:   “Europe &  International Real Estate”
  • September 23, 2015:   “Asia/Pacific & International Real Estate”
According to the National Association of Realtors (NAR), the CIPS Network is made up of real estate professionals in over 60 countries, who focus on an international clientele.  NAR maintains that those joining this elite network will gain access to invaluable ideas, tactics, and referrals to assist them in grasping and getting a handle and learning the language of international real estate.

For further information and or to register for the courses:                                             
       -          Call:     (631) 538-7670, or
       -          Email:  Debbie@Evalucore.com



Global Real Estate
Contributor, Frederick Oyugi, SRS, CBR, SFR, is a Licensed Realtor in New York City, serving clients in the sale, lease and purchase of residential and commercial real estate.  With recognized designations to serve Sellers and Buyers, he is a committed and dedicated professional. As a founding member of the New York International Real Estate Alliance, he engages his interest in the international aspects of Real Estate.   Listings Portfolio



Thursday, July 30, 2015

Asia Leads in Most Expensive Global Office Markets.


Shangai Sky Line

 Source: World Property Journal
By:  Michael Gerrity
July 1, 2015 9:15 AM ET

Based on CBRE's semi-annual Global Prime Office Occupancy Costs survey, Asia continued to dominate the world's most expensive office locations, accounting for four of the top five markets. London's West End remains the world's highest-priced office market.

London's West End's overall prime occupancy costs topped the 'most expensive' list at US$267 per sq. ft. per year. Hong Kong (Central) followed in second place at US$254 per sq. ft. per year, which is the only market in the world--other than London's West End--with a prime occupancy cost exceeding US$200 per sq. ft.
Beijing (Finance Street) (US$196 per sq. ft.), Beijing (Central Business District (CBD)) (US$188 per sq. ft.) and New Delhi (Connaught Place -CBD) (US$157 per sq. ft.) rounded out the top five.


The change in prime office occupancy costs mirrored the gradual recovery of the global economy. Overall global prime office occupancy costs rose 2% year-over-year, with Asia Pacific up 1.4%, reflecting the economic pressures that prevailed in the region over the past year.
June-2015-Global-Prime-Office-Occupancy-Costs-CBRE.jpg

 "Occupier caution has declined and corporate confidence has been on the rise, and this confidence is starting to translate into a degree of expansionary momentum, " said Richard Barkham, Global Chief Economist, CBRE. "At the same time, many office markets are increasingly short of the quality, modern, flexible and highly accessible or CBD-located office buildings which corporations are seeking to execute workplace strategies that will drive productivity and attract or retain talent."

Henry Chin, Head of Research, CBRE Asia Pacific, comments, "in the Asia Pacific region, occupancy cost trends were mixed, with regional surveys showing stronger hiring intentions among employers in India, Taiwan, New Zealand, the Philippines and Japan while corporate hiring activity remained muted in other locations. India and the Philippines also continued to benefit from growing IT back office services looking for operational and costs efficiency. Throughout Asia, technology firms, business process outsourcing (BPO) firms and non-banking financial institutions are in expansionary mode, stimulating demand for office space. However, we are also seeing diverse occupier activity in the region with less expansionary markets--some occupiers are looking to optimize existing accommodations rather than expand."







Global Real Estate
Contributor, Frederick Oyugi, SRS, CBR, SFR, is a Licensed Realtor in New York City, serving clients in the sale, lease and purchase of residential and commercial real estate.  With recognized designations to serve Sellers and Buyers, he is a committed and dedicated professional. As a founding member of the New York International Real Estate Alliance, he engages his interest in the international aspects of Real Estate.   Listings Portfolio





SEPTEMBER 2015: EB-5 SUMMIT FOR ATTORNEYS & DEVELOPERS IN CHICAGO





 EB-5 Workshop
 


The EB-5 Summit For Attorneys and Developers
Chicago, IL - September 11, 2015

Speakers: Robert Divine (Discussion Leader), Matthew Galati, Matt Gordon, Reid Thomas, Trevor Saliba, Greg White, and others to be announced.




Hyatt Regency O'Hare
9300 Bryn Mawr Avenue
Rosemont, Illinois, USA, 60018
To reserve a room, call 847-696-1234
Or reserve online by clicking here.

Global Real Estate
Contributor, Frederick Oyugi, SRS, CBR, SFR, is a Licensed Realtor in New York City, serving clients in the sale, lease and purchase of residential and commercial real estate.  With recognized designations to serve Sellers and Buyers, he is a committed and dedicated professional. As a founding member of the New York International Real Estate Alliance, he engages his interest in the international aspects of Real Estate.   Listings Portfolio







Saturday, July 25, 2015

Lower U.S. Mortgage Rates in July







U.S. Mortgage Rates Dip in Late July

Source:  World Property Journal
| By WPJ Staff | July 24, 2015 9:43 AM ET


According to Freddie Mac's latest Primary Mortgage Market Survey for mid-July, fixed mortgage rates in the U.S. reversed course once again and moving lower amid mixed economic and housing data.

Sean Becketti, chief economist at Freddie Mac says, "U.S. Treasury yields dropped following announcements that many blue chip companies' earnings failed to meet expectations. This drove the 30-year fixed rate mortgage down 5 basis points to 4.04 percent this week. Housing continues to be the bright spot in the economic recovery. Existing home sales beat market expectations coming in at a seasonally adjusted annual rate of 5.49 million homes. This is up 9.6 percent from a year ago and the fastest pace since 2007. Also, housing starts jumped 9.8 percent responding to strong demand in the multifamily market."

Freddie Mac News Facts
  • 30-year fixed-rate mortgage (FRM) averaged 4.04 percent with an average 0.6 point for the week ending July 23, 2015, down from last week when it averaged 4.09 percent. A year ago at this time, the 30-year FRM averaged 4.13 percent.
  • 15-year FRM this week averaged 3.21 percent with an average 0.6 point, down from last week when it averaged 3.25 percent. A year ago at this time, the 15-year FRM averaged 3.26 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.97 percent this week with an average 0.5 point, up from last week when it averaged 2.96 percent. A year ago, the 5-year ARM averaged 2.99 percent.
  • 1-year Treasury-indexed ARM averaged 2.54 percent this week with an average 0.3 point, up from last week when it averaged 2.50 percent. At this time last year, the 1-year ARM averaged 2.39 percent. '


Global Real Estate
Contributor, Frederick Oyugi, SRS, CBR, SFR, is a Licensed Realtor in New York City, serving clients in the sale, lease and purchase of residential and commercial real estate.  With recognized designations to serve Sellers and Buyers, he is a committed and dedicated professional. As a founding member of the New York International Real Estate Alliance, he engages his interest in the international aspects of Real Estate.   Listings Portfolio



Saturday, July 4, 2015

U.S. Commerical Real Estate Sector Outlook: Strongest Globally




  

Press Release: By NAI Global

NAI Global Market Outlook Focuses on Growth of US Commercial Real Estate Market
Sam Zell and Peter Linneman Address 550+ Industry Leaders

New York, NY – June 19, 2015 –The outlook for the commercial real estate market appears stronger in the US than the rest of the world. That was the shared consensus between Sam Zell, Chairman of Equity Group International and Dr. Peter Linneman, NAI Global Chief Economist. The two renowned real estate experts were featured on a panel discussion in Chicago this week at the annual NAI Global Market Outlook. Over 550 individuals from NAI Global Member firms and their clients attended the event.

“Sam Zell is a legendary industry visionary, and we are honored that he was able to participate in our Global Market Outlook,” said Jay Olshonsky, President of NAI Global, who moderated the discussion. “We are proud to offer our Members and their clients access to this level of industry insight.”

The presentation looked at factors driving the commercial real estate market, including significant availability of capital, geopolitical unease, interest rates, demographic changes and overall demand for space. Linneman anticipates three to four more years of growth.  He noted that debt capital is flowing, and demand for space is up with supply picking up but still lagging. Zell’s outlook was less optimistic, although he did acknowledge the state of the market is better than it was earlier in the economic recovery. Zell stated that he doesn’t “remember a period when there were so many black swans,” citing geopolitical events in the Middle East and Ukraine that could affect the global economy.

Technology has been the biggest driver of growth in the office sector. “Technology businesses are thriving on the availability of capital,” said Zell. Both Linneman and Zell wonder if a decreased demand for space in the technology sector would tip the US real estate markets. Zell pointed to other aspects of technology that could have on the commercial real estate market overall, including increased applications of Artificial Intelligence, which he said “is moving not slowly but exponentially” and that the impact is yet undetermined.

International investing in the US commercial real estate market is happening but Zell believes it is dramatically less than recent headlines would suggest, and that the market is not being driven by foreign capital. He said that it is playing a role in the US, but it has done that since the country was founded. He said the US needs to go back to a focus on growth and for years the country had a perpetual growth rate.

About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property.


Global Real Estate
Contributor, Frederick Oyugi, SRS, CBR, SFR, is a Licensed Realtor in New York City, serving clients in the sale, lease and purchase of residential and commercial real estate.  With recognized designations to serve Sellers and Buyers, he is a committed and dedicated professional. As a founding member of the New York International Real Estate Alliance, he engages his interest in the international aspects of Real Estate.   Listings Portfolio

 

Friday, July 3, 2015

BOMA INTERNATIONAL EVENT IN LOS ANGELES, CA






The BOMA International Every Building Conference & Expo, hosted by the industry’s leading association, was recently held in Los Angeles, California, at the Los Angeles Convention Center, from June 28-30. 2015.

The event, touted as Commercial Real Estate’s most important yearly event, is cited as not just a collaboration event of the industry’s best minds, but a showcase for “innovation, creativity, and best practices.”  Also serving as an arena where property professionals can ascend to their next professional level and make the vital career advancing connections in the office, industrial, and mixed-use property management fields.

The event’s Expo had 400 Exhibitors in attendance, displaying various products, resources and equipment, from manufacturers and suppliers who serve the Commercial Real Estate Industry.

In making this annual event a success, some of the vital Platinum Sponsors included the following corporate outfits:
San Diego Gas & Electric
SCA
Workspace
Cort
Georgia Pacific
Mars Drink
Pacific Gas &  Electric
LA Dept Water & Power
S. California Edison
ThyssenKruup Elevator
Workspace
Yardi

     





As the 2015 event concluded, many of the attendees looked forward to participating and attending next year’s event which will be held in Washington, DC from June 26-28, 2016.


Global Real Estate
Contributor, Frederick Oyugi, SRS, CBR, SFR, is a Licensed Realtor in New York City, serving clients in the sale, lease and purchase of residential and commercial real estate.  With recognized designations to serve Sellers and Buyers, he is a committed and dedicated professional. As a founding member of the New York International Real Estate Alliance, he engages his interest in the international aspects of Real Estate.  View Listings


Thursday, July 2, 2015

CCIM class is coming up

http://commerce.ccim.com/Ebusiness/Default.aspx?TabID=170&&ProductId=94754295&_ga=1.155985465.386130424.1435235319


Wednesday, July 1, 2015

U.S. Real Estate Showcase & Forum To Shanghai





 

Shanghai_Web_Post 

















 
Source:  The Real Deal Blog
June 18, 2015

TRD to host US real estate showcase & forum in Shanghai    
Show is largest ever industry event to be held in China

This September, The Real Deal will host China’s first-ever U.S. Real Estate Showcase & Forum at the Shanghai-La Hotel in Shanghai.

The show, taking place from September 10-12, will feature networking events, panels and workshops, designed to give Chinese investors all the information they need to buy into the U.S. market.

Plus, a showcase of more than 100 developments from New York, Miami, Los Angeles and San Francisco will promote face-to-face meetings between Chinese buyers and U.S. developers, to the benefit of both.

Chinese investors spent an incredible $22 billion on U.S. real estate in 2014, 72% more than they spent just one year earlier. And, 63 million Chinese have sufficient wealth to invest in international property. Consequently, Chinese buyers represent a tremendous new market for property sellers in the U.S.

We look forward to bringing you more information on this very exciting event. Please check out the hashtag #TRDShanghai for updates via social media.

If you are interested in participating as a sponsor, please contact Ross Fox at rf@therealdeal.com. For editorial inquiries, please reach out to Heather Grossmann at hg@therealdeal.com.



Global Real Estate
Contributor, Frederick Oyugi, SRS, CBR, SFR, is a Licensed Realtor in New York City, serving clients in the sale, lease and purchase of residential and commercial real estate.  With recognized designations to serve Sellers and Buyers, he is a committed and dedicated professional. As a founding member of the New York International Real Estate Alliance, he engages his interest in the international aspects of Real Estate.  View Listings