Posts tagged CARWM
Yesterday during the Michigan Association of Realtors (MAR) Annual Conference in Dearborn, MI, Rod Alderink was recognized as Grand Rapids’ Commercial Alliance of Realtors (CARWM) Realtor of The Year. There were approximately 45 realtors from around the state in both residential and commercial real estate that were recognized. Congratulations on this achievement Rod!
The distinction and beauty of both historic and new buildings in downtown Grand Rapids creates a wonderful atmosphere in which to live and work. The Commercial Alliance of REALTORS® is pleased to draw attention to just a few structures to bring attention to and appreciate the uniqueness and ‘Art’ of the architecture.
How to Play:
1. Look for the “ART”chitecture posters and scan the special QR codes on six selected buildings to learn more about the specific architectural designs.
2. Complete the entry form on the screen to be entered into a drawing.
3. One winner will be randomly selected to win an IPAD.
Visit www.carwm.com and click on “ArtPrize” in the lower left corner for more information on the contest and which buildings are included.
FIRST QUARTER SOLD REPORT RELEASED
Commercial real estate in West Michigan is continuing to show increased activity and growth, according to recently released first quarter closed sales statistics reported to the Commercial Alliance of REALTORS®.
The number of commercial sale transactions reported for the first quarter of 2012 has increased 23.8% compared to the first quarter of 2011. Retail and office transactions reveal a large increase in activity, with increases of 45.8% and 40% compared to 2011. The industrial sector, which showed huge growth in 2011, reported two fewer transactions in the first quarter of 2012, than in 2011.
Overall commercial real estate sales volume correlates directly with the slow down in the industrial sector. While office sales soared with a 109% increase over 2011, and retail showed steady growth at 7.2%, sales volume for industrial properties declined by 63.9%.
The slow down in the industrial sector is not necessarily indicative of a lack of demand for industrial property. “The industrial sector is experiencing something that hasn’t been seen for several years – the need for new construction of manufacturing and warehouse space. The current inventory of larger footprint industrial space is extremely limited, ” stated 2012 CAR President Mary Anne Wisinski-Rosely, of NAI Wisinski West Michigan. “The office and retail sectors increases in both the number of transactions and volume demonstrates the strength and viability of doing business in West Michigan.”
COMPARATIVE ACTIVITY REPORT – CLOSED SALES
|First Quarter 2011/ First Quarter 2012|
|NOTE: This report reflects closed sales reported to Commercial Alliance of REALTORS
from the West Michigan area, particularly Kent, Ottawa, Muskegon, Allegan and Kalamazoo Counties.
This report does not include leasing activity.
|Property Type||Number of Transactions 2011||Number of Transactions 2012||% Change|
|Property Type||Real Estate Sold 2011||Real Estate Sold 2012||% Change|
Have you been downtown Grand Rapids to see ArtPrize Yet? Did you know about the ARTchitecture Tour? There are QR codes on six buildings throughout downtown Grand Rapids that will link you to the the history and architectural features of that building. This is part of CARWM’s “Do the Driveby” campaign. The QR codes will link you to a site where you will also be able to enter for a chance to win a free iPad!
Won’t be able to make it downtown? You can still participate in the ARTchitecture Tour from home! Just go to www.carwm.com and click on “Do the Driveby”. From there you can view the buildings that are part of the tour and also enter to win the iPad!
Look for posters like this one!