Goodwin awarded first Lifetime Achievement Award by Illinois REALTORS®

Daniel L. Goodwin

REALTOR® and Inland Real Estate Chairman Daniel L. Goodwin received the first-ever Illinois REALTORS® Lifetime Achievement Award Monday night during a special ceremony at the Abraham Lincoln Presidential Museum in Springfield.

“Throughout its more than 100 years of existence, Illinois REALTORS® has never had an award for Lifetime Achievement but that changes tonight,” said President Doug Carpenter as the association kicked off its annual Capitol Conference & REALTOR® Lobby Day. “The award is given for an ongoing – relentless – impressive body of work on behalf of the industry and those who rely on it.”

“I am proud to be a REALTOR® in Illinois tonight,” said Goodwin.

He thanked leaders of Illinois REALTORS® for the recognition, and he urged elected officials to listen to the concerns of his colleagues. Contrary to popular opinion, he says elected officials he has worked with have been very honest, hard working men and women. He urged REALTORS® to thank elected officials for their efforts, which include long hours and little financial rewards.

The featured guests included Illinois Gov. Bruce Rauner,  House Speaker Michael J. Madigan, Senate Republican Leader Christine Radogno, House Republican Leader Jim Durkin and former House Speaker Lee Daniels.

A former teacher in Chicago Public Schools, Goodwin helped found Inland Real Estate and grow the Oak Brook-based company into what it is today. He’s chairman of the New Directions Housing Corporation (Lombard), a non-profit 501(c)(3) tax exempt charitable corporation that has built and rehabilitated almost 400 multifamily housing units so low income individuals could afford safe, decent and sanitary housing. New Directions has also worked with other groups to provide food, after-school care for children, immunizations and more to the people it serves. Watch a video about Goodwin and his career.

Goodwin was chairman of Northeastern Illinois University’s board and was vice chairman at Benedictine University. In 2015, he received the Good Neighbor Award from REALTOR® Magazine.

He’s a member of the National Association of REALTORS® RPAC Investors Hall of Fame, the NAR President’s Circle, the Illinois REALTORS® Hall of Fame and the Chicago Association of REALTORS® Hall of Fame. He is the founder of Retail Properties of America REIT and is chairman of the National Association of Real Estate Trusts Non-traded REIT Council. He is a director of the Chicago Better Government Association.

 

Video: Liddiard warns tax reforms could negatively affect property owners

Potential changes to tax reforms could weaken the opportunity for home owners to use the mortgage interest deduction and eliminate 1031 like-kind exchanges for commercial property owners, says NAR Senior Policy Representative Evan Liddiard in an Illinois REALTORS® video.

“When you raise that standard deduction, you get rid of all the other itemized deductions, particularly state and local tax deduction, it pretty much takes the bottom out of the MID (mortgage interest deduction) for 95 percent of the people,” Liddiard says.

Illinois REALTORS® Treasurer Dan Wagner and Liddiard emphasize the importance of like-kind exchanges. Wagner says Illinois REALTORS® and the National Association of REALTORS® are keeping a close eye on developments. See the video.

Morning Minute: Ruggieri named to real estate journal editorial board

Illinois REALTOR® Alex Ruggieri, a partner with SVN-Ramshaw Real Estate of Champaign, has been named a member of the 2017 editorial board for Real Estate Issues, a journal produced by The Counselors of Real Estate.

Members of the editorial board contribute to the content of peer-reviewed journal by recommending topics, working with authors and writing and reviewing articles.

Ruggieri is a frequent contributor to Illinois REALTOR® magazine, writing about commercial real estate issues.

In other headlines:

Homeownership Offers Stability & Wealth Creation – KCM Blog

Distressed, Investment, and All-cash Sales Continued to Decline in 2016 – NAR Economists’ Outlook

Do a Foundation Check: 5 Things to Watch For – NAR’s Staged, Styled & Sold

Illinois REALTORS® recording Springfield building demolition

Workers watched from the intersection of Jackson St. and Fifth St. as razing of the former YWCA began Wednesday in Springfield. Note the Illinois State Capitol in the background.

Wednesday morning demolition crews began tearing down the former Springfield YWCA building, just west of the Illinois REALTORS® building and north of the Illinois Executive Mansion.

Workers used a water cannon to control dust and debris as the building was broken down.

The demolition will clear the way for the entire block to be developed into residential, commercial or a park, or a combination of the three options, according to an article today in the Springfield State Journal-Register. Jackson St. separates the structure from the executive mansion on the south side of the block. To the west is Fourth St., to the north is Capitol Ave., and to the east is Fifth St.

Watch for more photos here, including a time-lapse video of the entire project.

 

Try ‘cross-industry networking’ for business builder tip #4

The personal connections of REALTORS® can have a great impact on their success, and so Deena Zimmerman of SVN/Chicago Commercial suggests “cross-industry” networking in the Illinois REALTOR® magazine story “Work Smart! Business hacks to help you kick-start 2017.”

Deana Zimmerman

“I focus on commercial real estate, so I attend as many residential events as I can for two reasons,” she says. “One, it’s a huge referral opportunity for me, but I also learn so much about the residential side of the industry, which is very valuable when working with businesses who want to know where their customers live and how much they spend on their homes. Two, I also meet so many great resources for my clients when they are ready to buy a home.”

Zimmerman is one of nine REALTORS® and industry experts who offer their ideas for starting their businesses on the right foot in 2017. Get all three of her ideas plus tips from eight other contributors.