Real Estate Investment SmartBrief
#realestate, #cre, #commercialappraiser
Thanks!
Curtis D. Harris, BS, CGREA, REB
Bachelor of Science in Real Estate, CSULA
State Certified General Appraiser
Real Estate Broker
ASTM E-2018 Commercial Real Estate Inspector
HUD 203k Consultant
HUD/FHA Real Estate Appraiser/Reviewer
FannieMae REO ConsultantCTAC LEED Certification
The Harris Company, Forensic Appraisers and Real Estate Consultants
*PIRS/Harris Company and the Science of Real Estate-Partners*630 North Sepulveda Boulevard, Suite 9A, Number 702
El Segundo, CA. 90245
310-337-1973 Office
310-251-3959 Cell424-218-9580 Skype WebSite: http://www.harriscompanyrec.com ;Resume: http://www.harriscompanyrec.com/commercialappraiserresume2013locked.pdf ;Commercial Appraiser Blog: http://commercialappraiser.typepad.com/blog/ ; http://harriscompanyrec.com/blog/ ;The LOoP! a Google CSE: http://www.google.com/cse/home?cx=000747579154309164948%3Annakvu69iqy ; We Make a Simple Pledge to
Communicate, in a timely fashion, each appraisal, analysis, and opinion without bias or partiality
Abstain from behavior that is deleterious to our clients, the appraisal profession, and the public
Hold paramount the confidential nature of the appraiser/consultant - client relationship
and
Comply with the requirements of the Uniform Standards of Professional Appraisal Practice and the
Code of Professional Ethics of the National Society of Real Estate Appraisers
IT'S THE LAW- Statement 7: Prohibition Against Discrimination
State agencies should be aware that Title XI and the Agencies' regulations prohibit federally regulated financial institutions from excluding appraisers from consideration for an assignment by virtue of their membership, or lack of membership, in any appraisal organization. Federally regulated financial institutions should review the qualifications of appraisers to ensure that they are qualified for the assignment for which they are being considered. It is unacceptable to assume that an appraiser is qualified solely due to membership in, or designation from, an appraisal organization, or the lack thereof. The Agencies have determined that financial institutions' appraisal policies should not favor appraisers from one or more organizations or exclude individuals based on their lack of such membership. If a State agency learns that a certified or licensed appraiser allegedly has been a victim of such discrimination, the State agency should inform the Agency which has regulatory authority over the involved financial institution. INCLUDING THE APPRAISAL INSTITUTE-MAICONFIDENTIALITY/PRIVILEGE NOTICE: This transmission and any attachments are intended solely for the addressee. The information contained in this transmission is confidential in nature and protected from further use or disclosure under U.S. Pub. L. 106-102, 113 U.S. Stat. 1338 (1999), and may be subject to consultant/appraiser-client or other legal privilege. Your use or disclosure of this information for any purpose other than that intended by its transmittal is strictly prohibited and may subject you to fines and/or penalties under federal and state law. If you are not the intended recipient of this transmission, please destroy all copies received and confirm destruction to the sender via return transmittal
From: Real Estate Investment SmartBrief [mailto:[email protected]]
Sent: Friday, January 31, 2014 10:31 AM
To: [email protected]
Subject: Consumer spending, exports fuel U.S. economic growth

U.S. banks relaxing lending standards, report says | Freddie Mac weighs the benefits of green scoring its multifamily securities | Inland American suspends share repurchase program
Created for [email protected] | Web Version
January 31, 2014

The daily source on REITs and real estate investment
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Top NewsSponsored By

Consumer spending, exports fuel U.S. economic growth
U.S. gross domestic product expanded at a 3.2% annual rate in the fourth quarter, as a government shutdown failed to discourage shoppers, according to the Commerce Department. Rapidly strengthening exports and the biggest increase in consumer spending in three years drove the expansion. Businesses also increased equipment and software purchases. MarketWatch (1/30), The New York Times (tiered subscription model) (1/30)
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Selecting Your Equity Compensation Management Solution
Before selecting a stock plan management solution, consult our Buyer's Guide to understand the 11 criteria to use in evaluating your options and selecting the best solution for your company's needs. Whether you are purchasing a platform for the first time or making a switch from your current solution, there are features that your system needs to have—make sure you know what to look for in this free Buyer's Guide.
Capital Markets
U.S. banks relaxing lending standards, report says
America's biggest banks are beginning to ease rules for loaning to businesses and consumers, potentially improving the economic outlook this year, according to a report from the Office of the Comptroller of the Currency. Driving the trend are increased competition for loans among banks, banks' search for higher yields in a prolonged low-interest-rate environment and data suggesting the economic recovery is sustainable. The Wall Street Journal (tiered subscription model) (1/30)
Share:
Freddie Mac weighs the benefits of green scoring its multifamily securities
A memorandum signed between Freddie Mac and the Environmental Protection Agency could lead to "green" multifamily securities issued by the GSE, according to David Brickman, SVP of Multifamily. "Whether we would do a green security or give a security a green score is something we are talking about. We are very much looking at providing some green indicator or label to our securities." GlobeSt.com (1/30)
Share:
Companies live and die by their employees
Businesses with fewer than 500 employees drive the economy, and represent about 55% of all jobs in the country. However, finding suitable employees can be tough. Small Business Owners with limited time and resources need to make every new hire count because the actions of each employee can go straight to the bottom line. Download your free white paper, Welcome Aboard: A Guide to Small Business Hiring and learn how to hire smarter.
Investment NewsSponsored By

Inland American suspends share repurchase program
Inland American Real Estate Trust told its shareholders in a letter that it is suspending its current share repurchase program. The move may be a precursor to a merger or listing of its shares, experts say. InvestmentNews (free registration) (1/30)
Share:
BlackRock plans wide range of global equity ETFs
BlackRock could launch as many as 10 exchange-traded funds investing in equities of companies outside the U.S. this year, said Daniel Gamba, who leads the institutional ETF business for the Americas. The low-cost funds will focus on small, medium and large companies, he said. BlackRock also is developing international ETFs that are hedged against currency risk. Bloomberg (1/28), ETF Trends (1/28)
Share:
Other News
§ CommonWealth REIT activist shareholders pursue board replacement
The New York Times (tiered subscription model)/DealBook (1/30)
Share:
The CFO Guidebook On Business Transformation
This guidebook is designed to assist visionary CFOs in taking charge of the business from an operations standpoint. By leveraging mobile, cloud-based technologies, social media and Big Data you can significantly improve decision making, reduce risk, enhance business performance and win in the marketplace. It will be the most important tutorial you read this year. Download the free Guidebook now.
Real Estate MarketplaceSponsored By

Prologis sells portfolio for $86M
Prologis has sold a portfolio of 28 industrial buildings consisting of close to 1 million square feet in the New Jersey submarkets of Little Falls and Fairfield. The portfolio traded for $86 million to Hampshire Cos. NorthJersey.com (Hackensack, N.J.) (free registration) (1/30)
Share:
Office fundamentals improve but not always in traditional fashion
Office fundamentals are improving, but they are not exactly following past performance models in terms of rent increases or inflation projections. Also, there are new trends influencing office demand such as telecommuting and new industries driving activity in certain markets such as San Francisco and Houston. REIT.com (1/30)
Share:
National portfolios face challenges with market by market differences in sustainability incentives, codes
Building owners are increasingly recognizing the value of energy and environmental management systems, says Jennifer Senick, executive director of Rutgers University Center for Green Buildings. There are challenges, however, to implementing a national policy of building sustainability. "REITs struggle with the fact that they’re participating in different markets, [with] different incentives," she said. REIT.com (1/30)
Share:
Creating a Smarter Workforce for Market Leadership
• Learn how to quickly and easily identify the right people for the right jobs at precisely the right time.
• Hear how personalized and social experiences can help activate your workforce to improve teamwork, unleash innovation and engage customers.
• Discover how to build a framework to empower a vibrant workforce that delivers better business outcomes for competitive advantage—in the office, on the road or anywhere work takes them.
Watch and learn how leading companies are building a smarter workforce and why it is key to your organization's growth and competitivenessAdvertisement
NAREIT News
Track performance of U.S. and global real estate markets
Updated daily, the FTSE NAREIT U.S. Real Estate Index Returns and the FTSE EPRA/NAREIT Global Real Estate Index Returns provide index performance data, industry segment returns and comparisons against other major market benchmarks.
Share:
NAREIT Launches App for REIT Investors
NAREIT has launched a mobile app created for the investor community called the REIT Investor App. The REIT Investor App offers investors a clean, concise experience, allowing the user to quickly check the pulse of the industry from a macro level down to specific companies. Within minutes, the end-user has a very clear understanding of current trends and information that could be shaping the market or influencing a specific company’s performance. Investors have the ability to scan indexes, stock prices and other financial data, and can use filters to narrow a search down to specific segments of the industry. Users can also drill down into individual company specifics including financial data, events, news and press releases.
To download the complimentary REIT Investor App, search "REIT Investor" in Apple's App Store.
Share:
Policy Watch
Financial regulation is set to change more in 2014
Compliance professionals had expected that the regulatory environment would stabilize this year, but it has become clear that that's not going to happen, according to this blog post. Big issues that haven't been resolved include the Volcker rule, cross-border derivatives regulation, the European Market Infrastructure Regulation and the U.S. Foreign Account Tax Compliance Act. Thomson Reuters/The Knowledge Effect blog (1/30)
Share:
SmartQuote

A bee is never as busy as it seems; it's just that it can't buzz any slower."

#realestate, #cre, #commercialappraiser
Thanks!
Curtis D. Harris, BS, CGREA, REB
Bachelor of Science in Real Estate, CSULA
State Certified General Appraiser
Real Estate Broker
ASTM E-2018 Commercial Real Estate Inspector
HUD 203k Consultant
HUD/FHA Real Estate Appraiser/Reviewer
FannieMae REO ConsultantCTAC LEED Certification
*PIRS/Harris Company and the Science of Real Estate-Partners*630 North Sepulveda Boulevard, Suite 9A, Number 702
El Segundo, CA. 90245
310-337-1973 Office
310-251-3959 Cell424-218-9580 Skype WebSite: http://www.harriscompanyrec.com ;Resume: http://www.harriscompanyrec.com/commercialappraiserresume2013locked.pdf ;Commercial Appraiser Blog: http://commercialappraiser.typepad.com/blog/ ; http://harriscompanyrec.com/blog/ ;The LOoP! a Google CSE: http://www.google.com/cse/home?cx=000747579154309164948%3Annakvu69iqy ; We Make a Simple Pledge to
Communicate, in a timely fashion, each appraisal, analysis, and opinion without bias or partiality
Abstain from behavior that is deleterious to our clients, the appraisal profession, and the public
Hold paramount the confidential nature of the appraiser/consultant - client relationship
and
Comply with the requirements of the Uniform Standards of Professional Appraisal Practice and the
Code of Professional Ethics of the National Society of Real Estate Appraisers
IT'S THE LAW- Statement 7: Prohibition Against Discrimination
State agencies should be aware that Title XI and the Agencies' regulations prohibit federally regulated financial institutions from excluding appraisers from consideration for an assignment by virtue of their membership, or lack of membership, in any appraisal organization. Federally regulated financial institutions should review the qualifications of appraisers to ensure that they are qualified for the assignment for which they are being considered. It is unacceptable to assume that an appraiser is qualified solely due to membership in, or designation from, an appraisal organization, or the lack thereof. The Agencies have determined that financial institutions' appraisal policies should not favor appraisers from one or more organizations or exclude individuals based on their lack of such membership. If a State agency learns that a certified or licensed appraiser allegedly has been a victim of such discrimination, the State agency should inform the Agency which has regulatory authority over the involved financial institution. INCLUDING THE APPRAISAL INSTITUTE-MAICONFIDENTIALITY/PRIVILEGE NOTICE: This transmission and any attachments are intended solely for the addressee. The information contained in this transmission is confidential in nature and protected from further use or disclosure under U.S. Pub. L. 106-102, 113 U.S. Stat. 1338 (1999), and may be subject to consultant/appraiser-client or other legal privilege. Your use or disclosure of this information for any purpose other than that intended by its transmittal is strictly prohibited and may subject you to fines and/or penalties under federal and state law. If you are not the intended recipient of this transmission, please destroy all copies received and confirm destruction to the sender via return transmittal
From: Real Estate Investment SmartBrief [mailto:[email protected]]
Sent: Friday, January 31, 2014 10:31 AM
To: [email protected]
Subject: Consumer spending, exports fuel U.S. economic growth
U.S. banks relaxing lending standards, report says | Freddie Mac weighs the benefits of green scoring its multifamily securities | Inland American suspends share repurchase program
Created for [email protected] | Web Version
January 31, 2014
The daily source on REITs and real estate investment
SIGN UP|FORWARD|ARCHIVE|ADVERTISE
Top NewsSponsored By
Consumer spending, exports fuel U.S. economic growth
U.S. gross domestic product expanded at a 3.2% annual rate in the fourth quarter, as a government shutdown failed to discourage shoppers, according to the Commerce Department. Rapidly strengthening exports and the biggest increase in consumer spending in three years drove the expansion. Businesses also increased equipment and software purchases. MarketWatch (1/30), The New York Times (tiered subscription model) (1/30)
Share:



Before selecting a stock plan management solution, consult our Buyer's Guide to understand the 11 criteria to use in evaluating your options and selecting the best solution for your company's needs. Whether you are purchasing a platform for the first time or making a switch from your current solution, there are features that your system needs to have—make sure you know what to look for in this free Buyer's Guide.
Capital Markets
U.S. banks relaxing lending standards, report says
America's biggest banks are beginning to ease rules for loaning to businesses and consumers, potentially improving the economic outlook this year, according to a report from the Office of the Comptroller of the Currency. Driving the trend are increased competition for loans among banks, banks' search for higher yields in a prolonged low-interest-rate environment and data suggesting the economic recovery is sustainable. The Wall Street Journal (tiered subscription model) (1/30)
Share:





Freddie Mac weighs the benefits of green scoring its multifamily securities
A memorandum signed between Freddie Mac and the Environmental Protection Agency could lead to "green" multifamily securities issued by the GSE, according to David Brickman, SVP of Multifamily. "Whether we would do a green security or give a security a green score is something we are talking about. We are very much looking at providing some green indicator or label to our securities." GlobeSt.com (1/30)
Share:






Businesses with fewer than 500 employees drive the economy, and represent about 55% of all jobs in the country. However, finding suitable employees can be tough. Small Business Owners with limited time and resources need to make every new hire count because the actions of each employee can go straight to the bottom line. Download your free white paper, Welcome Aboard: A Guide to Small Business Hiring and learn how to hire smarter.

Investment NewsSponsored By

Inland American suspends share repurchase program
Inland American Real Estate Trust told its shareholders in a letter that it is suspending its current share repurchase program. The move may be a precursor to a merger or listing of its shares, experts say. InvestmentNews (free registration) (1/30)
Share:





BlackRock plans wide range of global equity ETFs
BlackRock could launch as many as 10 exchange-traded funds investing in equities of companies outside the U.S. this year, said Daniel Gamba, who leads the institutional ETF business for the Americas. The low-cost funds will focus on small, medium and large companies, he said. BlackRock also is developing international ETFs that are hedged against currency risk. Bloomberg (1/28), ETF Trends (1/28)
Share:





Other News
§ CommonWealth REIT activist shareholders pursue board replacement
The New York Times (tiered subscription model)/DealBook (1/30)
Share:






This guidebook is designed to assist visionary CFOs in taking charge of the business from an operations standpoint. By leveraging mobile, cloud-based technologies, social media and Big Data you can significantly improve decision making, reduce risk, enhance business performance and win in the marketplace. It will be the most important tutorial you read this year. Download the free Guidebook now.

Real Estate MarketplaceSponsored By
Prologis sells portfolio for $86M
Prologis has sold a portfolio of 28 industrial buildings consisting of close to 1 million square feet in the New Jersey submarkets of Little Falls and Fairfield. The portfolio traded for $86 million to Hampshire Cos. NorthJersey.com (Hackensack, N.J.) (free registration) (1/30)
Share:





Office fundamentals improve but not always in traditional fashion
Office fundamentals are improving, but they are not exactly following past performance models in terms of rent increases or inflation projections. Also, there are new trends influencing office demand such as telecommuting and new industries driving activity in certain markets such as San Francisco and Houston. REIT.com (1/30)
Share:





National portfolios face challenges with market by market differences in sustainability incentives, codes
Building owners are increasingly recognizing the value of energy and environmental management systems, says Jennifer Senick, executive director of Rutgers University Center for Green Buildings. There are challenges, however, to implementing a national policy of building sustainability. "REITs struggle with the fact that they’re participating in different markets, [with] different incentives," she said. REIT.com (1/30)
Share:





Creating a Smarter Workforce for Market Leadership
• Learn how to quickly and easily identify the right people for the right jobs at precisely the right time.
• Hear how personalized and social experiences can help activate your workforce to improve teamwork, unleash innovation and engage customers.
• Discover how to build a framework to empower a vibrant workforce that delivers better business outcomes for competitive advantage—in the office, on the road or anywhere work takes them.
Watch and learn how leading companies are building a smarter workforce and why it is key to your organization's growth and competitivenessAdvertisement

NAREIT News
Track performance of U.S. and global real estate markets
Updated daily, the FTSE NAREIT U.S. Real Estate Index Returns and the FTSE EPRA/NAREIT Global Real Estate Index Returns provide index performance data, industry segment returns and comparisons against other major market benchmarks.
Share:





NAREIT Launches App for REIT Investors
NAREIT has launched a mobile app created for the investor community called the REIT Investor App. The REIT Investor App offers investors a clean, concise experience, allowing the user to quickly check the pulse of the industry from a macro level down to specific companies. Within minutes, the end-user has a very clear understanding of current trends and information that could be shaping the market or influencing a specific company’s performance. Investors have the ability to scan indexes, stock prices and other financial data, and can use filters to narrow a search down to specific segments of the industry. Users can also drill down into individual company specifics including financial data, events, news and press releases.
To download the complimentary REIT Investor App, search "REIT Investor" in Apple's App Store.
Share:





Policy Watch
Financial regulation is set to change more in 2014
Compliance professionals had expected that the regulatory environment would stabilize this year, but it has become clear that that's not going to happen, according to this blog post. Big issues that haven't been resolved include the Volcker rule, cross-border derivatives regulation, the European Market Infrastructure Regulation and the U.S. Foreign Account Tax Compliance Act. Thomson Reuters/The Knowledge Effect blog (1/30)
Share:





SmartQuote
A bee is never as busy as it seems; it's just that it can't buzz any slower."
commercial appraiser, commercial appraisal, commercial appraiser la
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