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Commercial News
COAR recognized with NAR Diamond Commercial Services Accreditation
The National Association of REALTORS® has unveiled a new Commercial Services Accreditation, replacing a system pioneered in 2008, to acknowledge local and state REALTOR® associations for their commitment to providing commercial services and engaging commercial members. Associations are rated annually based on meeting benchmarks in commercial representation within their governance; commercial communication, education, advocacy, and technology; and involvement in national and state association initiatives. For 2022, COAR’s Commercial Committee received Diamond Commercial Services Accreditation – the highest level of recognition.
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Brokers say the THC industry could benefit from state and federal government TLC
The cannabis industry seems to be riding a groundswell of support. At last count, 37 states had legalized medicinal cannabis use, and 21 had legalized recreational use. However, the industry faces significant headwinds, including a lack of access to banking and an uneven and lengthy licensing and permitting process. These dynamics, veteran commercial brokers report, have resulted in the most complicated and protracted deals of their careers.
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COAR scholarship helps cover the cost of commercial courses and education
The Central Oregon Association of REALTORS® Commercial Committee has re-opened the application period for its commercial education scholarship. This scholarship is designed to help commercial brokers further their education in commercial real estate. Two scholarships per year are available up to $500 each. Examples of how the scholarship can be used include CCIM and SIOR courses, as well as other commercial designations and continuing education courses. Interested? Email tyler@coar.com.
Inflation, War Take Their Toll: Pressures on the market drove down third-quarter activity
After the strong economic rebound in 2021, growth in the U.S. has slowed in the face of rising inflation, the household income squeeze, and geopolitical events. In commercial real estate, third-quarter 2022 data showed slowdowns in the apartment and office sectors, while industrial and retail retained strength.
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Connect from your desk: Share haves, wants and more with CO-CRE
CO-CRE is an email forum for Central Oregon commercial brokers designated specifically for commercial listings and opportunities. Share listings, haves, wants, opportunities, discussion – this is your forum to connect with fellow commercial brokers. CO-CRE is open to members of COAR. If you haven’t signed up yet, visit coar.com/co-cre to join.
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