Global Update from NAR | Legislative Meeting & Late April News
Below is the schedule of global events at the Legislative Meeting in Washington D.C. next month from Joe Schneider, Manager of Global Business Development and Outreach Commercial and Global Services at NAR:
Tuesday, May 12
Global Alliances Advisory Board, 12:00-2:00 p.m., Omni Shoreham Hampton Room: This is the key training, orientation, and informational session for President’s Liaisons and Regional Coordinators and is mandatory for all. This installment of the meeting will feature presentations on best practices for travel grant applications, how to maximize the Ambassador Association/Cooperating Association relationship, plus special guests and speakers. The full draft agenda is attached.
International VIP Reception, 5:30-6:45 p.m., Omni Shoreham Executive Room, West Conference Center: This reception honors international guests at the Legislative Meetings. All President’s Liaisons and Regional Coordinators are also invited. Beer, wine, and light hors d’oeuvres will be served.
Wednesday, May 13
CIPS Breakfast, 7:00-8:30 a.m., Omni Shoreham Diplomat Room: The CIPS breakfast is a ticketed event that celebrates both new and current designees. It is free for CIPS designees and $35 for guests. Tickets can be purchased on the Legislative Meetings website.
Global Business and Alliances Committee, 8:30-10:30 a.m., Omni Shoreham Palladian Room: This NAR committee is responsible for monitoring the Association’s programs, services, and activities for global real estate professionals. Distinguished speakers from around the world will highlight the program, which provides an excellent snapshot of the state of NAR’s global efforts. This meeting is mandatory for members of the Committee.
Global Networking Reception, 6:00-8:00 p.m., Omni Shoreham Blue Room: Mix, mingle, network, and get to know your fellow globally-minded real estate professionals in a relaxed setting. Cocktails and hors d’oeuvres will be served. Please note that this is a ticketed event. Admission is $35 for CIPS designees and $45 for others. Tickets can be purchased on the Legislative Meetings website or at the reception.
Thursday, May 14
State and Local Forum on Global Business: Leveraging Community Relationships to Expand Your Global Business, 3:00-4:30 p.m., Omni Shoreham, Palladian Room: This educational forum engages attendees on topics of importance to Ambassador Associations, as well as for REALTORS® involved with their state and local Global Business Councils.
Here are the important updates of late April from Joe Schneider, Manager of Global Business Development and Outreach Commercial and Global Services at NAR:
Global Opportunities Come to the Heartland (4/24/15)
Secondary real estate markets are becoming the primary focus of international buyers as they branch out from large urban areas in search of home-buying opportunities elsewhere in the country.
Chinese Could Spend $50 Billion on New York City Real Estate Over Next Several Years (4/23/15)
Chinese cash injected into New York City real estate reached record levels in 2014. That could be just the beginning. “Over the next several years, we’ll see — potentially — over $50 billion injected into the market from China,” said Cushman and Wakefield’s Chairman of New York Investment Sales Bob Knakal, who engineered some of the splashiest sales of New York properties to Chinese buyers.
Mayor Mike Duggan Says Detroit Is Ripe For Investment, A “Real Good Value" (4/22/15)
Wednesday, Detroit Mayor Mike Duggan told business and other leaders in southeastern Michigan that the city is ripe for investment, citing positive economic development since the city emerged from the largest municipal bankruptcy in U.S. history four months ago.
Real Estate Is Increasingly Global, But Risks Still Abound (4/21/15)
Country risk is the risk that cross-border cash flows will not be realized because of disequilibrium between the domestic platform and that of another country. Given this potential concern, one may require higher returns from an investment as an offsetting factor. Factors that influence country risk can be partitioned a number of ways. We use a simple, two-factor approach....
