In looking back over the past year as president of the Commercial Realtors Association of San Diego (CRASD), a few thoughts come to mind.
By the end of the first quarter it was evident that this was going to be a challenging year for commercial real estate agents and investors. In 2005 San Diego experienced the perfect storm; a real estate storm where property values reached an all-time high and the market was saturated with buyers willing to pay top-dollar for San Diego real estate.
Currently, we are approaching the end of 2006 and the storm has calmed. No longer do we see investors in a frenzy to acquire property at record prices. Now, buyers are becoming more particular with their investment choices. As a result, many real estate professionals have suffered the blunt of slowing sales activity.
In my opinion, the transitioning market in 2006 has presented a great opportunity for professional growth. Many agents have never experienced a transitioning market. This is the perfect time for commercial real estate agents to utilize and cultivate their business skills in order to survive in the changing market.
What better way to accomplish this than by becoming a member of CRASD? This year our organization firmly aligned itself with the Realtors Commercial Alliance (RCA), the commercial division of the National Association of Realtors (NAR).
RCA is the commercial overlay board that provides commercial real estate agents with updated industry information and education necessary to thrive in the business. CRASD is the commercial board for Realtors in San Diego. RCA affiliates include CCIM Institute (CCIM designation), www.ccim.com; Counselors of Real Estate (CRE designation), www.cre.org; Institute for Real Estate Management (IREM, designations include Certified Property Manager, the Accredited Residential Manager and the Accredited Management Organization), www.irem.org; Realtors Land Institute (RLI, Accredited Land Consultation), www.rliland.org ; and the Society of Industrial and Office Realtors (SIOR designation, Specialist, Industrial & Office Real Estate), www.sior.com.
Our affiliation with these organizations will allow CRASD to continue to grow and help our current and future members make significant progress in commercial real estate.
As president of CRASD, I made a personal commitment to establish a Governmental Affairs Committee that oversees the legislative issues affecting the commercial real estate industry in San Diego County. This committee meets on a monthly basis to discuss legislative issues that may affect our industry.
I wish to thank the board members of CRASD for their continued commitment to selfless service. I would also like to thank our members for the opportunity to direct them into the future, and I wish Eric Thies the best in his upcoming year as president.
I look forward to serving as past president on next year's board, and chair of Governmental Affairs and being a part of CRASD's continued success in 2007. I also would like to thank Mayor Jerry Sanders for taking the time to speak at our Deal Maker's event today.
-- Jim Taylor
Senior Vice President, Sperry Van Ness San Diego Office
2006 Commercial Realtors Association San Diego President