This week, the late fall Lame Duck session of the U.S. Congress lurched to a halt as lawmakers wrapped up a flurry of business and rhetorical drama and then went home for the holidays. Perhaps in the rush to get out of town, Congress shockingly failed to renew the bipartisan Terrorism Risk Insurance Act (TRIA).
NAR has expressed concern that failure to pass TRIA would stall commercial real estate development projects all over the U.S. that depend on it. By the time that the Lame Duck session of Congress closed on December 16 at 11:25 p.m., the Senate had reached a "unanimous consent agreement" which would have allowed TRIA to proceed, despite the fact that TRIA had passed in the House of Representatives with significant bipartisan support.
In a statement issued today, NAR said that "despite this temporary set-back, REALTORS® will work closely with
Congress in 2015 to swiftly reenact TRIA and provide much needed
certainty to the commercial market."
Wednesday, December 17, 2014
Thursday, December 4, 2014
REALTORS meet Torrance Mayor Pat Furey
Today the South Bay Association of REALTORS® held the latest in its popular series, "Breakfast with the Mayor" and welcomed Torrance Mayor Pat Furey to a full room at the Marriott Hotel in Torrance.
Members of SBAOR had a great opportunity to meet the new mayor, just 142 days after he was installed in office. Mayor Furey talked at length about his vision for the city, the great accomplishments of his colleagues on the City Council and the work that remains to be done.
In recent years, the mayor noted, many residents were complaining about the poor quality of the streets and sidewalks. Now the city has embarked on an aggressive program to repave, seal, or repair local streets, sidewalks and infrastructure. Even at the risk of new rounds of complaints for construction traffic, the city is clearly on the right track.
In addition, Mayor Furey talked about Torrance as an attractive hub for businesses looking to locate in Los Angeles County. With the disappointing departure of Toyota that was announced more than a year ago, the mayor has not rested and he is working hard to attract large businesses and their investments and jobs to the city.
SBAOR hosts the Breakfast with the Mayor series approximately four times per year. Stay tuned in 2015 for more opportunities to get to know the elected leadership of our cities in the South Bay.
Members of SBAOR had a great opportunity to meet the new mayor, just 142 days after he was installed in office. Mayor Furey talked at length about his vision for the city, the great accomplishments of his colleagues on the City Council and the work that remains to be done.
In recent years, the mayor noted, many residents were complaining about the poor quality of the streets and sidewalks. Now the city has embarked on an aggressive program to repave, seal, or repair local streets, sidewalks and infrastructure. Even at the risk of new rounds of complaints for construction traffic, the city is clearly on the right track.
In addition, Mayor Furey talked about Torrance as an attractive hub for businesses looking to locate in Los Angeles County. With the disappointing departure of Toyota that was announced more than a year ago, the mayor has not rested and he is working hard to attract large businesses and their investments and jobs to the city.
SBAOR hosts the Breakfast with the Mayor series approximately four times per year. Stay tuned in 2015 for more opportunities to get to know the elected leadership of our cities in the South Bay.
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| From left: SBAOR 2014 President-Elect Michele Brown; Torrance Mayor Pat Furey; SBAOR 2014 President Tamara Suminski |
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| Torrance Mayor Pat Furey address REALTORS at SBAOR's "Breakfast with the Mayor" |
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