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Commercial real estate division formed

Southland Regional Association of Realtors steps up its focus on supporting commercial Realtors

Posted: June 7, 2013 2:00 a.m.
Updated: June 7, 2013 2:00 a.m.
 

The Southland Regional Association of Realtors’ board made its commercial real estate committee an official division of the 9,000-member organization, a spokesman announced Wednesday.

The committee, now called the Commercial & Investment Division of SRAR, was actually ratified by the 23-member board of directors in January, but, was only announced this week.

The commercial division is dedicated to real estate markets in the San Fernando and Santa Clarita valleys.

Setting up the division was based on growing interest of more than 3,200 members, who listed a commercial specialty, including: commercial and industrial land and lots, small retail buildings, business opportunities, multi-residential units and apartment property management.

“From buyers or sellers of medium to small strip malls along Ventura Boulevard, mom-and-pop corner business leaders in Granada Hills, to owners of commercially zoned land in Northridge or Santa Clarita, they all have much in common,” said Jim Link, SRAR’s chief executive officer.

“Realtors and their clients all have a need for access to expert real estate support, specialized information, and insight on commercial codes, laws, rules and regulations,” Link said.

“That’s the kind of real estate expertise that often makes the difference between success or failure of a small business,” Link said. “SRAR has been the clearinghouse for that vital local knowledge and support.”

To maintain focus on their mission, Richard Bozzi, chairman of the division, said the association serves members who concentrate on the $10 million and under commercial and investment market.

“Obviously, there will be overlap, higher and lower,” Bozzi said. “Yet, just as selling vast high-rise commercial buildings for hundreds of millions of dollars requires deep, specific knowledge, we know that the under $10 million commercial and investment market often can be just as complicated, just as specialized, with an even smaller margin of error.”

The realty association was founded in 1920. It’s commercial real estate committee dates back to 1984 or earlier, a spokesman said.

According the organization’s website, the intent of the division is to support Realtors in the commercial field by developing educational and marketing opportunities.

 

 

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