Letter to the NAR Opposing H.R. 2454

July 3, 2009

ATTN: National Association of Realtors
c/o Mr. Austin Perez
via email

Dear Mr. Perez,

As a Realtor, I appreciate all of the NAR's efforts in advocating the real estate industry. I'm actually involved in several Realtor organizations including RCA, SIOR and CCIM. I write you today in regards to the American Clean Energy and Security Act, H.R. 2454, that was passed by the House of Representatives on June 26th. The National Association of Realtors has made some positive changes to this bill especially from the residential perspective. Please keep up the good work. However, if this legislation is passed into law, it would be absolutely disastrous to the commercial real estate industry.

For the past 15 years, I have specialized in Miami's industrial real estate market. My customers are in manufacturing, trucking, distribution, international importing & exporting, etc. Many are struggling as it is right now and some work only four of five days a week to keep operating expenses down. This Act would increase energy expenses to the extreme extent of disabling these industries indefinitely. If their business suffers, the commercial real estate market suffers. The lower the demand for warehouse space, the worse it will be for us commercial Realtors.

In President Obama's own words "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." In my opinion, our collective industries cannot bear the burden of these increased transportation, fuel and electrical costs in addition to the new taxes from this Act. The higher energy costs and regulations will make Americans less competitive in the global market and jobs will be lost, not gained.

I encourage the NAR to oppose HR 2454 and any other legislation that imposes higher taxation and costs onto American industries. Let's work to promote the liberalization of energy policies which includes lower taxation and energy costs.

Thank you very much for your consideration.

Edward J. Redlich, SIOR, CCIM Vice President
ComReal Miami, Inc. Commercial Real Estate Services
8725 NW 18th Terrace, Suite 105 Miami, FL 33172

ComReal Miami and CIASF Luncheon: "Neal Asbury on America's Anti-Trade Policies" on July 10th, Friday

"More trading + manufacturing = more commercial properties! South Florida’s commercial real estate market is truly connected to both the economic and political decisions made around the globe. The trade policies of the United States of America likely have a greater impact on South Florida than anywhere else in the country. If you and/or your customers are involved in international trade such as importing and exporting then you do not want to miss this event. Learn of the threats and opportunities that we must all be aware of concerning the “Gateway to the Americas” and beyond.” ~ Edward Redlich, ComReal Miami.

ComReal Miami is a proud sponsor of the CIASF luncheon on Friday, July 10^th. For more information on our guest speaker, Mr. Neal Asbury, please visit www.thenealasburyshow.com or www.asburysworld.com.

We all look forward to seeing you there.Thank you very much.

P.S. News update! The U.S. House of Reps just passed HR 2454 “The Energy Bill”. I’m sure this topic will be brought up as it is of great concern to all of us; especially for those in the manufacturing and transportation industries.

This July 10th ComReal Miami is sponsoring the CIASF event on Anti-American trade policies and how they are hurting YOUR Business. More trade = more commercial properties! South Florida’s commercial real estate market is truly connected to both the economic and political decisions made around the globe. The trade policies of the United States of America likely have a greater impact on South Florida than anywhere else in the country. If you or your customers are involved in international trade such as importing and exporting then you do not want to miss this event. Learn of the threats and opportunities that we must all be aware of concerning the “Gateway to the Americas” and beyond.

Friday, July 10th at 11:15 am
Hosted by FLAGLER
at Flagler Station Building #9
9701 NW 112th Avenue
Miami, Florida 33178

R.S.V.P.
Pricing:
$35.00 for Members, $45.00 for non-memebrs, $55.00 for Late Rsvp’s (late Rsvp’s are those that do not Rsvp by Wednesday July 8, 2009)
emailing: info@ciasf.com
or faxing: 305-445-9431

ComReal Miami is a proud sponsor of the July 10th CIASF event AMERICAS

This July 10th ComReal Miami is sponsoring the CIASF event on Anti-American trade policies and how they are hurting YOUR Business. More trade = more commercial properties! South Florida’s commercial real estate market is truly connected to both the economic and political decisions made around the globe. The trade policies of the United States of America likely have a greater impact on South Florida than anywhere else in the country. If you or your customers are involved in international trade such as importing and exporting then you do not want to miss this event. Learn of the threats and opportunities that we must all be aware of concerning the “Gateway to the Americas” and beyond.

Friday, July 10th at 11:15 am
Hosted by FLAGLER
at Flagler Station Building #9
9701 NW 112th Avenue
Miami, Florida 33178

R.S.V.P.
Pricing:
$35.00 for Members, $45.00 for non-memebrs, $55.00 for Late Rsvp’s (late Rsvp’s are those that do not Rsvp by Wednesday July 8, 2009)
emailing: info@ciasf.com
or faxing: 305-445-9431

Marjam Supply in Miami Leases 65,518 sq. ft. Warehouse

MarJam Supply Company leased a 65,518 sq. ft. Miami warehouse building at 475 NE 185 Street. For more information on Miami's warehouse market please contact Edward Redlich at ComReal Companies. 786-433-2379.

Miami Property Tax Assessments Reduced

Pedro Garcia, Miami-Dade County's Property Appraiser, announced today that property taxes have fallen 12.1% for the year 2009. Expect your notice in the month of August. Hopefully, this will mean that our property taxes are reduced as well on all Miami commercial real estate properties.

A 17,000 sq. ft. warehouse building I sold recently had a property tax bill of about $38,000 (or about $2.24 per square foot). Its fairly difficult for a company to pay these heavy burdens in addition to all the other taxes on commercial businesses.

Mr. Garcia was our guest speaker at CCIM Miami's April luncheon. We look forward to having him back in 2010.