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Carlos Fuentes, of Namaste Realty from the Tampa Bay area, discusses global commercial real estate, what you can learn via CIPS, U.S. international investment expectations, and benefits of joining a local global counsel.

Carlos NAR Commercial-CIPS interview

http://www.narconferencelive.com/2017/11/07/global-commercial-real-estate-overview-nar/?sf169957080=1

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On October 26th the Pinellas International Council held the class entitled,  Investor Visas: Helping International Clients Invest in the USA  presented by attorney Marc Weintraub of  Bailey & Glasser, LLP in St Petersburg, Florida. Bailey & Glasser specializes in representing International investors purchase businesses in the USA and then continues to help them with management & legal issues afterwards. Thank you to all of our 30+ attendees, the PRO Business Affiliates & the Pinellas Realtor Organization for your support with this very informative event.

Technological change will determine which cities will outperform, Cushman & Wakefield says

New York was the most sought-after market for real estate investment, according to the survey.
New York was the most sought-after market for real estate investment, according to the survey.

Global property investment rose by 4% in the year to June to $1.5 trillion, reflecting improved sentiment in 2017, Cushman & Wakefield reported Thursday.

from:http://www.thinkadvisor.com/2017/10/12/us-dominates-global-cities-for-real-estate-investm?&slreturn=1508455425

According to the firm’s annual survey of global commercial real estate investment activity, high interest from regional buyers drove growth.

It said the economic background for real estate was now more encouraging than many analysts had anticipated, with the International Monetary Fund having raised global growth forecasts for the first time since 2011.

The U.S. dominated the survey’s ranking of global cities for investment, but Asian markets made the most impressive gains in the past year.

2017 Top Cross Border Investors

Out of the 150 most populous cities, these 25 got (mostly) high marks from WalletHub in four categories.

Thanks to increased interest in buying land for development, Asian markets grew by 24.6%. By comparison, European and North American markets experienced declines of 11% and 7.5%.

Although the top 25 gateway cities in the survey declined by 120 basis points, they remained dominant with nearly 50% of the market. Half the cities in the top 10 underwent volume declines over the past year; now the 10 cities represent just 29.5% of total volumes, down from 32.9%.

New York maintained its position as the most sought-after market for the sixth consecutive year, according to the survey. The other cities in the top 10 were Los Angeles, San Francisco, London, Dallas, Paris, Washington, Hong Kong, Atlanta and Shanghai.

London saw volumes fall by 25%, and was bumped from the top three by San Francisco, while number nine Atlanta displaced Tokyo, which fell to number 11.

London continued as the most attractive city for international investors, but several German cities rose in the rankings: Berlin to number five and Frankfurt to number seven. Number two New York and number three Paris were popular rivals to the British capital. Athens real estate reached a 10 year peak.

The survey found that sector concentration was highest in the office sector, with 61% of all office transactions occurring in the top 25 cities. Multifamily followed, with 49% of volumes in the gateway cities.

The report said a key factor determining which cities would outperform was technological change. Developments such as virtual reality and big data will enable more rapid change, and will start shaping cities and tenant demand within months rather than years.

It said cities will need to be able to adopt smart designs in buildings and infrastructure, and have a strong focus on their target audience of talent and businesses.

Four things will facilitate this process, according to the report:

  • City connectivity, as the importance of linking families and businesses across borders grows
  • Supportive governance with integrated strategies
  • The size and quality of a city’s institutions
  • Access to services, healthy living and cultural appeal

 

http://www.thinkadvisor.com/2017/10/12/us-dominates-global-cities-for-real-estate-investm?&slreturn=1508455425

Ireland Commercial Property Sector Enjoys $1.5 Billion of Investment in 2017

 

According to JLL, over $1.5 billion of Irish commercial properties have traded so far in 2017. While this is lower than 2016, last year was an exceptional year.

Commercial News » Dublin Edition | By Michael Gerrity | October 4, 2017

In Q3, $623 million of investment transactions closed. The largest transaction in Q3 was the sale of a $71 million off-market office transaction in Dublin. The second largest was retail unit at 100-101 Grafton Street, which was sold by GLL and purchased by Irish Life for $59 million, and the third largest was the sale of 4-5 Harcourt Centre. The office building was sold by Clancourt and purchased by Ares for over $55 million.

Hannah Dwyer, Head of Research at JLL Ireland commented, “2017 continues to perform steadily, and total volumes of $1.53 billion are where we expected them to be at this stage in the year. As with most years, Q4 is likely to be the strongest quarter, with a number of assets on the market which are due to close in the next 3 months. This includes The Square in Tallaght ($274 million guide) and The Gibson Hotel in Dublin 1 ($102 million guide). We are still of the view that total volumes for 2017 are likely to achieve between $2.3 and $3 billion, assuming these large assets close in time for the end of the year.”

John Moran, CEO and Head of Investment said, “It is encouraging to see that Ireland’s investment market continues to perform. The supply of assets coming on to the market remains robust and the demand we are seeing from investors continues to surprise, with more core buyers from Europe in particular. Whilst they are becoming more selective in terms of what they are bidding on, we are still seeing interest, particularly for prime assets, or those that have an asset management or refurbishment play. Offices continue to be the focus for some investors, whilst others are branching into ‘alternatives’ in search of value. In particular, this includes the Private Rented Sector for Residential, for which we dealing with a number of active enquiries from clients. Both new and existing domestic and overseas investors continue to be active”.

Commercial News » Dublin Edition | By Michael Gerrity |

Tue, Sept 19, 2017 9:00am – 12:00pm

Brought to you by the Pinellas International Council, this is a morning packed with information given by 3 long-time accomplished REALTORS® working in the commercial/international market. All you need to know – from marketing properties to how to mingle and behave with international clients, selling and buying commercial properties for international clients in the USA, and finding, marketing, selling properties globally – what you need to do, what you need to know.

Commercial 9 2017

You’ll hear from:
Carlos Fuentes – “Commercial Real Estate in the Global Market”
* Local market appeal
* Global presence
* Due diligence items
* CAP rate determination
* How to position yourself

Tina Eloian – “International Real Estate”
* Taipei, Taiwan culture, customs, and traditions
* Taiwanese business etiquette – CCIM Commercial Foundations class
* Business owners, investors and brokers
* CCIM Pitch Session
* Bankers, investors, brokers
* Real estate in Taiwan vs. real estate in the US

Rob Barber – “Marketing Worldwide”
* Personal brand for global
* Attention is all that matters
* Why video is a must

SCHEDULE:  Tue, Sept 19, 2017 9:00am – 12:00pm
8:30 a.m. to 9:00 a.m.: Sign-in, networking, and continental breakfast
9:00 a.m. to noon: Presentations

REGISTRATION:
Pinellas International Council (PIC) Members ($10):
Click here to register.

PRO Members ($15):
Click here to register.

Non-PRO Members ($15):
Click here to register.
PInellas Realtor Organization, 4590 Ulmerton Road, Clearwater Florida

Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004

Please join the Pinellas International Council on September 19, 2017 to learn about the international client investing in the US, and how to partner with commercial professionals to grow your international business.

Three highly respected international commercial real estate professionals will share their insights and expertise while keeping the International buyer and seller in mind.  We welcome the return of Carlos Fuentes and Rob Barber, who both have given us invaluable commercial information in past years and are looking forward to having Tina Eloian join them. All three of these speakers have their CCIM. 

CCIM stands for Certified Commercial Investment Member. Members must have completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry. CCIM designees are recognized as leading experts in commercial investment real estate.

You must register in advance for this event. Thank you.

Tuesday, September 19, 2017 9 am-12 noon at Pinellas Realtor Organization, 4590 Ulmerton Road, Clearwater, Florida

Please register on PinellasRealtor.org, Education and Events Calendar.

http://pinellasrealtor.org/education-and-events-calendar/

 

Go Global with Commercial Sept 19 2017

Carlos Fuentes

Pinellas International Council is proud to announce the return of Carlos Fuentes to teach the one day course of Europe & International Real Estate. This course counts as an elective toward the Certified International Property Specialist (CIPS) designation. It introduces real estate professionals to the basic skills and knowledge necessary to facilitate international transactions with European clients, and is designed to benefit both experienced international professionals as well as those just getting started.

On Wednesday, August 23, Carlos Fuentes, a real estate instructor for Florida Realtors and NAR, returns to teach this elective course for the Pinellas International Council.  Mr. Fuentes has over 27 years of experience in commercial real estate and holds both the CCIM and CIPS designations.  He has worked with investors around the world, holds extensive 1031 transactions experience and has served NAR in many posts, including Regional Coordinator for North, Central American and the Caribbean, Executive Committee Liaison to Global, Resort and Second Home Real Estate Group, and is a past My Florida Regional MLS President. It is our great pleasure to host Mr. Fuentes for a second time this year as he teaches another CIPS course at Pinellas Realtor Organization (PRO).

Those who take this elective course towards earning their CIPS designation will be able to:

  • Discuss the social, economic, political, and geographical characteristics of major European countries.
  • Discuss the history, purpose, and economic impact of the European Union. • Identify important characteristics of certain European real estate markets including influential laws, business culture attributes and real estate/ brokerage practices.
  • Assess opportunities in certain European markets by evaluating significant investment patterns, investor profiles and real estate activity.
  • Identify ways to develop a business network and start or enhance an international practice with European clients or properties.

SCHEDULE:
8:00 a.m. to 8:30 a.m.: Sign-in, networking, and breakfast
8:30 a.m. to 5:00 p.m.: Course
*Light breakfast and lunch will be provided.
**Seating is limited and registration is required.**

To register, please go to Pinellas Realtor Organization website:

http://pinellasrealtor.org/education-and-events-calendar/

REGISTRATION:
PRO Members ($95):
Click here to register.

Non-PRO Members ($95):
Click here to register.

Or Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004

For further information about requirements for earning the CIPS designation, go to https://www.nar.rrealtor/designationl-and-certifications/cips-designation

Image may contain: 3 people, people smiling     PIC logo

 

Pinellas International Council 6th Annual Global Symposium-Thank you to David Bennett CEO of PRO, John-Paul Mario Chair of the PRO Business Affiliates, Susan Inez-Poskus CPA from Roberge Poskus, Maria Grulich from Florida Realtors, Bill Risser, VP of Digital Strategy from Fidelity National Title, Don Gonzalez Attorney, Carlos Fuentes NAR instructor, the nearly 100 attendees and all of the PRO Affiliates who sponsored this informative event. Thank you all for making this such great day!!

TALLAHASSEE, Fla. – 2016 – The runaway winner in the primary election was at the end of the ballot, as voters in Florida overwhelmingly approved a tax break to encourage businesses to go solar.

The amendment, which will become part of the Florida Constitution, exempts solar and other renewable energy devices on business and industrial property from property taxes for 20 years. The same tax break already exists for residential property owners.

The amendment also exempts renewable energy devices from Florida’s tangible personal property tax.

Amendment 4, the only ballot question in Tuesday’s primary, won more than 70 percent of the vote, according to early returns by the Florida Division of Elections.

Backers of Amendment 4 were all along the political spectrum, including the pro-environment Southern Alliance for Clean Energy, Nature Conservancy and Florida Conservation Voters, and the business-backed Florida Chamber of Commerce, Florida Retail Federation and Florida Restaurant and Lodging Association.

Business groups like tax relief, and environmental groups hope it will now encourage more talk in the conservative state Capitol about climate change and the need to cut dependency on fossil fuels.

“With all of this sunshine, why are we importing so much fossil fuel to power our state?” asked Pete Wilking of A1A Solar in Jacksonville.

“Stop sea levels from rising! Vote Yes on 4!” tweeted an advocacy group, Women4Solar.

The opposition was led by the Rev. Al Sharpton, the TV and radio talk show host and president of the National Action Network (NAN), and Bishop Victor Curry of Miami, NAN’s southeast regional director, who said they opposed “unnecessary and unjust tax breaks for corporations.”

It was one of the most cost-effective referendum campaigns in Florida history, as supporters raised less than $150,000.

Lacking the money for a TV ad campaign, supporters built support networks on Facebook and Twitter (hashtag #Yeson4) to mobilize voters.

Voters said yes to solar, even if they did not always fully understand it.

The vote of the people was just one step, however. The Legislature, which put Amendment 4 on the ballot, must pass a bill in the next session in 2017 carrying out the will of the voters.

At the same time, a much more potent political battle over solar will play out on the Nov. 8 general election ballot.

Known as Amendment 1, the ballot question is an effort by utility companies that would prohibit the sale of solar energy to individual customers and, critics say, would add new regulatory barriers to solar expansion in Florida.

Supporters, calling themselves Consumers for Smart Solar, have raised $19.1 million so far.

Florida Power & Light, Gulf Power, TECO Energy and Duke Energy are among Amendment 1’s biggest backers and environmental groups are working to defeat it.

Utilities prevailed on state lawmakers to put Amendment 4 on the primary ballot to avoid confusing voters about their higher priority, Amendment 1.

Susan Glickman of Southern Alliance for Clean Energy said moving Amendment 4 to a low-turnout primary was a blessing in disguise, as it turned out.

“It’s a little bit easier because it’s a more informed electorate,” Glickman said.

Copyright © 2016 Miami Herald, Steve Bousquet. Distributed by Tribune Content Agency, LLC. Miami Herald writer Alex Daugherty contributed to this report.

TOMORROW-Tuesday, July 19, 2016 | 8:00am – 5:00pm
Pinellas REALTOR Organization
The overall impact of globalization has driven Europe to become a major market in competition with the Americas and the Asia/Pacific region. Consequently, Europe is a very active source and target of international real estate investment .This is due in part to the size of the region which offers tremendous investing potential. Knowledge and awareness of basic, cultural, political and economic conditions in Europe will enhance a real state professional’s ability to represent, interact with and command the respect of clients.
SCHEDULE:Europe and International Real Estate
7:30 a.m. to 8:00 a.m.: Sign-in, networking, and breakfast
8:00 a.m. to 5:00 p.m.: Course
Light breakfast and lunch will be provided.Seating is limited and registration is required.
REGISTRATION: $95
PRO Members – would you like a scholarship to help pay for this course? The REALTOR® Professional Development Scholarship is available for you, courtesy of the Pinellas REALTOR® Foundation and the Affiliate Business Partners of PRO. Click here to learn more and apply. Note: the scholarship does not cover any additional costs associated with obtaining the certification. If you’re interested in the scholarship, REGISTER AND PAY FOR THIS COURSE FIRST, then fill out the application on the webpage linked above. We request that you register and pay for the course first to guarantee your spot since scholarships and seating are limited. If you are awarded, we will issue you a check.
***This course is one of the courses required to earn the prestigious Certified International Property Specialist (CIPS) designation. The CIPS Network comprises 2,500 real estate professionals from 50 countries and is the specialty membership group for global business practitioners of the National Association of Realtors®. The CIPS® designation prepares Realtors® to service the growing international market in their local community by focusing on culture, exchange rates, investment trends, and legal issues. Click here for more information about CIPS and the requirements to earn this prestigious designation.
SPEAKER: Jorge Cantero
Jorge is licensed in real estate in the state Florida since 1985, and previously a recipient of a New York State Broker’s License. Mr. Cantero’s international experience prior to that was a result of being involved in the chemical industry with a series of multinational companies, and having extensively traveled in Europe, Latin America and Asia.
Mr. Cantero’s specializations include residential resales, marketing of foreclosures; and in particular serving inbound international investors and residential real estate exchangers.
Mr. Cantero is a Past President of the Residential Association of the Miami Association of REALTOR®, and was the recipient of the Association’s Educational Award in 1994, and of the REALTOR® of the Year Award for 1995. Furthermore, he is a member and director of numerous committees of the Miami Association, Florida Association and National Association of REALTORS®.
In addition to having earned the designations of Certified International Property Specialist (CIPS), Certified Real Estate Brokerage Manager (CRB), Certified Residential Specialist (CRS), and Graduate, REALTOR® Institute (GRI), Mr. Cantero holds a Master Degree in Chemical Engineering from New York University (NYU), 1972.
Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004

Annalisa Weller, Realtor®, Certified International Property Specialist

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