SCOTTSDALE (March 13, 2017) – MIPIM, the world’s leading global real estate market, business conference and networking event, will welcome the Scottsdale Area Association of REALTORS® (SAAR) to its 2017 event in Cannes, France. SAAR will be part of the growing USA pavilion, hosted by the National Association of Realtors (NAR), the United States’ largest trade organization.
SAAR President Jim McGiffert expresses that he is “very excited to showcase Scottsdale at MIPIM again this year! With Arizona projected to become the national residential real estate market leader in 2017, this primes the region for a positive response in the commercial market as well.”
For 2017, NAR has expanded its MIPIM exposition footprint to accommodate a growing U.S. presence and to accommodate new exhibiting partners. The NAR-sponsored USA pavilion provides local and regional U.S. markets the ability to showcase opportunities for foreign investors.
“Once again this year, SAAR will be taking its premier Douglas Ranch project to showcase to investors and developers at the conference,” says Rebecca Grossman, CEO of SAAR. “Being the mega-site development of the future, Douglas Ranch encompasses 36,810 acres of dwellings, office space and residents” she adds. This year, the ownership group, JDM Partners/El Dorado Holdings, will contribute up to 1,000 acres to the first major tenant.
“The U.S. remains among the top-ranked markets for real estate investors,” says Bill Brown, 2017 president of the 1.1-million-member trade association. “In spite of waning economic growth in many countries and higher home prices further enhanced by a strengthening U.S. dollar, the tremendous appeal of U.S. real estate is evident by the fact that foreign buyers purchased $102.6 billion of residential property, representing nearly 215,000 properties, between April 2015 and March 2016.”
On the commercial side, global market instability, Brexit and concerns surrounding China’s economy has made U.S. commercial real estate one of the most attractive investment destinations. “The U.S. is regarded as the safest and most secure in the world, thanks to our strong currency and opportunity for capital appreciation,” said Brown. The Association of Foreign Investors in Real Estate (AFIRE) in their most recent survey ranks the U.S. as the number one destination for foreign investment, with three of the top five global cities located in the U.S.
In addition to Arizona, markets featured in the USA pavilion include the states of Florida, Illinois, Nevada and Missouri, and the metro areas of Miami, Beverly Hills/Greater Los Angeles, Las Vegas and Reno. The Certified Commercial Investment Member (CCIM) Institute will also be prominently featured within the pavilion. The USA pavilion receives additional support from sponsors, including the states of Washington and Rhode Island, and the Institute of Real Estate Management (IREM).
Some 23,000 leading real estate executives from 90 countries, including more than 5,300 investors, are expected in Cannes, for the four-day annual gathering of the global real estate industry. The event brings together investors, developers, occupiers, architects, hotel groups, public authorities, city mayors and property associations from around the world.
For more information about the projects Arizona will share at the conference, marketing partners supporting SAAR’s showcase at the trade show or to view the current and immediate past resource guides, visit showcasearizona.com.
About Scottsdale Area Association of REALTORS®
The Scottsdale Area Association of REALTORS® (SAAR) is a 501(c)(6) nonprofit trade association serving more than 8,000 members. SAAR members specialize in every aspect of the real estate profession, including residential and commercial sales, property management, as well as supplemental services such as appraisal, financing, escrow, title and inspections. Formed in 1963, SAAR has earned the reputation of being the Voice for Real Estate™ for the Scottsdale, Fountain Hills, Carefree and Cave Creek communities. More information can be found on SAAR’s website at scottsdalerealtors.org.
REALTOR® is a registered collective membership mark, which may be used only by real estate professionals who are members of the National Association of REALTORS® (NAR) and subscribe to its strict Code of Ethics.
About National Association of REALTORS®
The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association. NAR’s 1.1 million members, including NAR’s institutes, societies and councils, are involved in all aspects of the residential and commercial real estate industries.
MIPIM, the world’s leading property market, brings together all the key actors of the real estate business. Investors, developers, end-users, architects, hotel groups, public authorities and property associations gather in Cannes for four intensive days of networking, matchmaking and development of international business relations. MIPM has established itself as an essential meeting place for city administrations who attend in order to both promote inward investment opportunities and discuss major key policy issues that urban conglomerations are facing around the world. Learn more at www.mipim.com.
Lysa Fitzhugh, 480.945.2651
auth Lysa Fitzhugh