Originally published on September 9, 2020, by NC Rep. Jay Adams District 96
Below is a press release from NC Representative Jay Adams regarding the announcement of the passage of NC House Bill 1105 that will directly provide positive economic impact for Catawba County and Future Jobs.
It's time once again for Business North Carolina's annual Building NC Awards--for commercial real estate projects with the greatest impact and most innovative designs, to be featured in our November issue. Use this opportunity to promote your business and know there is still time to submit nominations to: https://businessnc.com/building-nc/.
While this year hasn't gone exactly as we all thought it would, we were still able to have a successful DL Mentorship Program! The majority of one-on-one meetings between DLs and Mentors were able to take place prior to social distancing and some have taken place virtually! Both Mentors and Mentees thought this year's program was enjoyable and successful - read some quotes below!
Thank you Mentors for your generous commitment of time and thank you to the DLs for participating!
Originally published by Pat Fogleman, Executive Director of NAIOP North Carolina on August 25, 2020.
NAIOP North Carolina comprised of NAIOP Charlotte, NAIOP Piedmont Triad, and NAIOP Raleigh Durham, is recognizing our 2020 project winners. NAIOP is proud to recognize projects that positively influence our communities and industry in North Carolina.
Originally published in the Real Estate & Building Industry Coalition (REBIC) Newsletter on September 1, 2020.
North Carolina’s new ‘Phase 2.5’ starts Friday at 5 p.m.
As COVID continues to take a toll on the world, come learn about real estate repurposing, relocating people and companies, reshoring, remote everything, robots, ROI, and rising risk during this virtual event on the state of the economy and gain insight into what it will now look like over the next couple of years. Submit questions in advance here.
Ted Abernathy is the Managing Partner of Economic Leadership LLC, a consultancy that is currently working in more than a dozen states to develop economic and workforce strategies. Ted has 35 years of experience in directing economic development and workforce development programs. From 2008-2013, Ted was the Executive Director of the Southern Growth Policies Board, a 42-year old public policy think tank that provided economic development research, strategy, and marketing advice, to states and communities across the South. He also served as an economic development policy advisor to the Southern Governors Association. Read More.
Originally published by Shawn Moura Ph.D. on August 27, 2020.
Last week, NAIOP conducted its fifth monthly survey of its U.S. members on the impacts of COVID-19. Since April, the association has examined the pandemic’s effects on commercial real estate and how firms have responded. Respondents to the survey report continued, gradual improvement in rent collections, deal activity and conditions for ongoing development projects. However, their expectations for the duration of the pandemic remain virtually unchanged since July.
Originally published by Tejaswi Ponnada Parker on August 28, 2020.
The second-quarter contraction in commercial real estate (CRE) capital markets evokes memories of the significant liquidity and price discovery challenges encountered during the global financial crisis (GFC). However, the two crises share little else in common, at least up to this point. While the GFC indiscriminately impacted volumes and pricing across commercial property types as a result of the significant financial market stress, the impact of the pandemic on capital markets thus far has been more selective, widening the gulf between “winner” and “loser” property types. We begin with a brief overview and then dive into a cross-sectional and time-series comparison at the aggregate sector, sub-sector, and market level, in a bid to identify trends and understand investor risk sentiment.
Originally published by Grace Winters and Timi Anyon Hallem in NAIOP's Summer 2020 Issue
As global markets, economies and governments marshal their resources to respond to the COVID-19 pandemic, real estate professionals must assess their options to address and absorb the impact. A critical and time-sensitive activity is analyzing the force majeure provisions in important agreements and preparing to make creative arguments to achieve the most favorable outcomes.
Originally published in the NAIOP E-Newsletter on September 1, 2020
The Federal Reserve last week announced it was ending its longstanding practice of preemptively hiking interest rates to stave off inflation. Chairman Jerome Powell said the central bank would instead focus on maintaining low levels of unemployment, even if it comes at the expense of higher prices for consumers. The Fed is expected to maintain its benchmark rate – which was cut twice back in March in response to the COVID-19 pandemic – at near-zero percent levels for the foreseeable future.
Originally published by Dr. Hany Guirguis, Manhattan College and Dr. Timothy Savage, New York University on August 2020 for NAIOP Research Foundation
The U.S. macroeconomic landscape has deteriorated significantly since NAIOP’s February 2020 Industrial Space Demand Forecast. Most notably, the economy entered a recession that is likely to continue through the end of the year. Although industrial real estate has outperformed other commercial property types this year due to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021 (see Figure 1).
Originally published on Ron Derven in NAIOP's Summer 2020 Issue
All the legal precedent in the world won’t solve the problem of tenants who cannot pay their rent, such as restaurants or businesses forced to lay off all their employees because they have no revenue in the aftermath of coronavirus-related shutdowns.
Originally published on August 25, 2020 y NAIOP E-Newsletter
U.S. Federal Reserve officials last month agreed on the need for additional government action to support the economy, according to minutes from the July 28 meeting released last Wednesday. The comments come amid a Congressional stalemate over the size and scope of the next coronavirus relief bill.
Earlier this week, members heard about taking your business to the next level with NAIOP. NAIOP’s Bennett Gray discussed with Tricia Noble, Ascentris; Brian Richards, Beacon Partners; and Patrick Pierce, Selwyn Properties, about why they participate in Forums and how it’s been a rewarding experience that’s allowed for professional and personal growth and development. Click here to view the full video recording.
The National Forums bring together industry professionals in select groups to share deep industry knowledge, develop successful business strategies and build long-term relationships.
National Forum groups meet twice annually and connect year-round online, but the Forums experience is more than just the face-to-face meetings. Regular virtual meetings between annual events and the development of individual relationships among members are highly valued benefits of the program.
Join NAIOP on September 2nd at 2:00PM/EDT as we explore debt and equity capital flow today, and how it has evolved in the face of the current pandemic. Gary E. Mozer, Principal/Managing Director, George Smith Partners, will provide a macro overview of the market; discuss how lenders and investors are pricing and structuring and perceiving risk differently; changes in underwriting; and how diverse sources of capital are each lending/investing in the current climate.
Speaker: Gary E. Mozer, Principal/Managing Director, George Smith Partners
The Forums provide a unique opportunity for members to openly discuss project challenges, business opportunities and lessons-learned in a confidential and non-competitive setting. Over time, fellow members become a trusted circle of advisors.
The National Forums are an excellent way to become involved, stay in touch and develop new connections with key industry leaders.
Join us on Thursday, August 27th during the Industrial Space Demand: What the Latest NAIOP Forecast Tells Us Webinar at 2:00PMEDT. Although industrial real estate has outperformed other commercial property types this year, thanks in part to rising e-commerce sales, unprecedented economic indicators suggest U.S. industrial space net absorption may decline to negative levels during the next three quarters. What factors contribute to this projected decline, when will it rebound, and what does it mean for the industrial real estate sector?
To identify linkages between overall economic activity and the demand for industrial real estate, forecast authors Dr. Hany Guirguis, professor, economics & finance, Manhattan College and Dr. Tim Savage, clinical assistant professor, NYU SPS Schack Institute of Real Estate, will walk us through the numbers, provide an overview of their forecasting process and engage in a live Q&A session with attendees.
Originally published by Ron Derven in NAIOP's Summer 2020 Issue.
As the COVID-19 crisis continues to affect the U.S., commercial property owners need to prepare for potential liability issues arising at their buildings, according to attorney George Pincus of Stearns Weaver Miller, P.A., in Fort Lauderdale, Florida, during a recent NAIOP webinar.
Originally published by Alan Joel for NAIOP on August 6, 2020.
The must-haves for the office of the near future may not be the same as they were six months ago. Since the COVID-19 pandemic has reshaped the way people live and work, every community has had to take stock of how their future office space and common area amenities can be safely occupied. As businesses across the country are in various stages of reopening, office real estate experts on opposite coasts shared how their clients are reimagining their office space.
Originally published by Trey Barrineau for NAIOP's Summer Issue.
The coronavirus pandemic is forcing building owners and tenants to consider something they may not have given much thought to in the past — how clean their facilities really are.
