30A — March 16 - 29, 2012 — DelMarVa — Mid Atlantic Real Estate Journal
www.marejournal.com
Commercial-Industrial Realty Council
www.circdelaware.org
CIRC president Ellis awards Armstrong for great service CIRC president, Greg Ellis, a broker with Patterson-Woods Commercial
OFFICERS President & Legislative Affairs Chair J. Gregory Ellis Patterson-Woods Commercial Properties Vice President & Program Committee Chair John Birmingham Cushman & Wakefield of Delaware, Inc. Treasurer Katherine L. Silicato, CPA Gunnip & Company, LLP Secretary Bayard J. Snyder, Esq. Bayard & Associates DIRECTORS Jeremy Abelson WSFS Bank Amelia Julian Eastern States Group Education Committee Chair Dan Lesher Patterson Woods & Assoc. Membership Committee Chair James Manna BrightFields, Inc. Jim O’Hara Jim O’Hara Realty Assoc. Donald Robitzer The Commonwealth Group Bert Root, V Newmark Knight Frank Smith Mack Marvin Sachs Bellevue Realty Co. EX-OFFICIO (NON-VOTING MEMBERS) Business Manager Janet Sharpless Pippert CIRC Landmark JCM Legislative Lobbyist C. Scott Kidner C. S. Kidner & Associates New Castle County Economic Development Liaison Karl Kalbacher, P.G New Castle County Director of Redevelopment Bob Chadwick, Director New Castle County Economic Development Council State of Delaware Economic Development Liaison Jeff Stone State of Delaware, DEDO City of Wilmington Economic Development Liaison Jeff Flynn City of Wilmington, Office of Economic Development
Properties, awarded Jayne Armstrong, SBA district director, with a plaque com- memorating CIRC’s appreciation for her great service to the commercial and industrial real estate community in Delaware, through her support and tireless promotion of the SBA’s 504 Loan program for commercial real estate loans. At CIRC’s February Membership meeting, Jayne Armstrong and Michael Ros- si, of the Delaware District U.S. Small Business Administration office, provided an informative presentation about their small business successes, programs, and the benefits of the 504 commercial real estate loan program. Jayne Armstrong, announced she was leaving for a similar post in Richmond, Virginia. Armstrong, who arrived at the Delaware job in 1999 as Delaware’s first director, will be director of the SBA’s Virginia district office. “It’s time to move on to a new challenge, and I’m kind of driven by challenges” Armstrong said. We wish her well. Last Meeting: March 14, 2012
(pictured left to right) Greg Ellis and Jayne Armstorng
At CIRC’s March 14 membership meeting, County Executive Paul G. Clark discussed his six-point jobs program to at- tract, keep and expand employment opportunities for New Castle County residents. Clark discussed his “Sowing Seeds, Growing Jobs” program, one of the initiatives he previewed in his State of the Coun- ty address last month, which includes a tax incentive for businesses, aid for economically distressed neighborhoods, promotion of local goods and services, designation of a small business advocate, a more efficient development review process, and additional investment in sewers, libraries, and parks. The centerpiece of “Sowing seeds, Growing Jobs” is legislation that would grant a partial exemption from property taxes to business that invest at least $50,000 in new construction of commercial or manufacturing facilities in unincor- porated areas of the county. The exemption would be available starting July 1, 2012 and ending March 30, 2015. Quali- fied businesses would be eligible for a three-year exemption from the increase in New Castle County property taxes that would have resulted from their property being reassessed due to the new construction. The proposed exemption is to address the struggling state of non-residential development in the county. Retail market vacancies are near 11%, a 20-year high. The office vacancy rate is 21.2% compared t the national rate of 12.5%. Plans for non-residential development submitted to the county are down an average of 46 percent from 2009 to 2011 compared to the 10-year average. CIRC President Greg Ellis, said that “In this flat real estate market, the commercial and industrial real estate commu- nity welcomes a financial incentive like this that will tip the balance to motivate someone to hire and invest.” Support for the legislation has come from leaders of our business community, including from Delaware Economic Development Office, New Castle County Chamber of Commerce, Delaware Building & Construction Trades Council, and the Commit- tee of 100. Clark announces job plans for New Castle County “For a great day of golfing fun and business networking beyond compare!” Coming Soon – Watch for Sponsorship and Golf Registration Information Upcoming Events April 11, 2012 (Wednesday) April Membership Meeting & Luncheon Time: 11:30 AM - 1:30 PM Meet Delaware’s new Transportation Secretary Shailen Bhatt Speakers: Secretary Shailen Bhatt : Delaware Transportation Secretary, State of Delaware Shailen Bhatt was sworn-in by Governor Jack Markell as Secretary of the Delaware Department of Transportation (DelDOT), on July 5, 2011. Secretary Bhatt has experience working on local, state and federal transportation issues and before being confirmed by the Delaware State Senate for the position of Secretary at DelDOT, served as Associate Administrator at the Federal Highway Administration (FHWA) in Washington, DC. In recent years, he was been responsible for setting policy and managing relationships with members of Congress and led FHWA’s efforts in reauthorizing the nation’s surface trans- portation legislation. At FHWA, Secretary Bhatt played a key role in establishing a Federal Highway Administration’s initiative on accelerated project delivery, called Every Day Counts (EDC). Cost: $30 Members / $40 Non-members & Guests Payment by Cash/Check in advance or at the event required. Location: Clarion Belle Hotel, 1620 N. DuPont Hwy. Register early for sponsorship of our June 18 golf outing - your company will get more publicity the earlier you commit. Contact Janet Pippert at (302)633-1705, 633-1706 (fax) or janet@]circdelaware.org SAVE THE DATE CIRC Annual Golf Outing – Monday, June 11, 2012 DU PONT COUNTRY CLUB – Main 18-Hole Course
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