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2018 Commercial Real Estate International Business Trends Report Released
This NAR report analyzed cross-border commercial real estate transactions made by REALTORS® during 2017, finding foreign investment in U.S. commercial real estate remains strong. The study revealed in 2017 nearly one-fifth of commercial members closed a sale with an international client, and 35 percent said they have experienced an increase in the number of international clients in the past five years.
www.nar.realtor/CRE-international-trends
Technology Update: NAR’s Search for a Commercial Listing Platform
In late Spring, NAR received 11 proposals for a new national commercial real estate listing platform. During the early part of Summer, staff from NAR's Strategic Business, Innovation and Technology group as well as Commercial Staff conducted interviews and company reviews. Companies were evaluated on criteria including geographic market penetration, number of listings/users, financial capitalization, business/revenue model, user experience, and technology. Next steps will be to narrow the field of contenders and engage members in product demos. NAR’s goal is to select a platform this Fall.
NAR continues to add commercial technology vendors to the Commercial Data & Listings Resource Guide online. Currently 38 companies are featured across 11 categories; 13 offer discounts to NAR members.
www.nar.realtor/commercialdata
Attend Upcoming National Commercial Events
Four of NAR's affiliated Institutes, Societies, and Councils host annual conferences this fall – all superb sources of education and networking. Which will you attend?
IREM® GLOBAL SUMMIT / September 26-29
www.irem.org/events/irem-global-summit
SIOR FALL WORLD CONFERENCE / October 11-13
www.sior.com/conferences/2018-fall-world-conference
CCIM GLOBAL CONFERENCE / October 18-19
COUNSELORS OF REAL ESTATE® ANNUAL CONVENTION / October 21-24
www.cre.org/event/2018-annual-convention-charleston
REALTORS® LAND INSTITUTE / March 3–6, 2019