What’s to be done with excess office inventory in central cities? Property owners and brokers are finding solutions to repurpose or fill underutilized spaces through conversion to residential use, creative marketing and increased tenant flexibility. Also in the issue: See how Westchester County, N.Y., attorney Eon Nichols is helping to reshape the county using Industrial Development Agency incentives; learn about a new NAR REALTOR Benefits® partner, RentRedi, that makes life easier for small investors; and see what’s at stake for commercial real estate as another round of federal tax reform gets underway. Finally, our new “Dealmakers” column features a transformative project made possible through the work of three Myrtle Beach, S.C.–area members. Share your notable commercial transactions ($5 million or more) for a chance to be featured in the quarterly column.
In This Issue
These three dealmakers recently represented the seller on the sale of a $17.67 million land transaction in Horry County, a high-growth submarket of Myrtle Beach, S.C.
As the industry navigates changes resulting from the National Association of REALTORS®’ proposed settlement agreement, learn how the new rules apply.
But NAR and industry groups voice support for multifamily tenant protections, including 30-day written notice for rent increases.
An attorney who has facilitated public-private partnerships, Eon Nichols has helped breathe new economic life into Westchester County, N.Y.
Heading into 2025, NAR defends Sec. 1031 like-kind exchanges, Sec. 199A deductions and net investment initiatives.
While the Aug. 17 practice changes have been the focus, NAR has not lost sight of the important work of serving commercial members.