‘Experiential retail,’ 1031 exchanges, MIPIM among commercial issues discussed in DC

(l to r) REALTORS® Christopher Schramko, Deena Zimmerman and Mark Goodwin.

Illinois REALTORS® commercial members are busy in Washington, DC at the NAR Legislative Meetings and Trade Expo alongside their residential colleagues.

Illinois REALTOR® Global Business Council Chair Alex Ruggieri, CCIM led the NAR Commercial Real Estate Forum where items such as the MIPIM conference in Cannes, France next March and the Swanepoel Commercial Alert Report were presented. CAR member and NAR Commercial Liaison Deena Zimmerman shared her thoughts on an emerging commercial real estate trend called “experiential retail” where shopping now has become more than just a transaction, it is an experience.

NICAR leaders Mark Goodwin and Christopher Schramko attended the forum and then headed to Capitol Hill to meet with U.S. Reps. Randy Hultgren and Mike Quigley. Their expertise on 1031 exchanges, depreciation and infrastructure was an added value to the conversation.

Illinois REALTORS® Treasurer Dan Wagner also was on hand at the meeting with Senator Dick Durbin to explain the 1031 exchange and its importance to real estate and the U.S. economy.