Originally published on April 17, 2024, by Eric Schmutz for NAIOP.
With national and swing state polls indicating support between President Joe Biden and former President Donald Trump is fairly even, casual political observers could be forgiven for not realizing that House and Senate races are also tight; there could be a historic switch in the House and Senate majorities this November.
Originally published on April 16, 2024, by NAIOP.
Charlotte member Sean McMullan has been selected as a NAIOP Research Foundation Visionary.
Originally published on April 3, 2024, by Aquiles Suarez for NAIOP.
On March 11, President Joe Biden submitted his FY 2025 Proposed Budget to Congress. Like the budget he proposed last year around this time, it contains a number of tax policy changes that, if enacted, would have an outsized negative impact on the commercial real estate industry. But unlike last year’s proposal, this is an election-year proposal intended as the administration’s statement on the economic agenda Biden will pursue if re-elected this November.
Originally published on April 4, 2024, by Bob Boyer for NAIOP.
In the ever-changing world of construction, creative solutions are key to moving projects forward. In an industry where tradition can take precedence over innovation, it’s important for general contractors to regularly challenge the norm; doing so can uncover modern insights that reshape the way we build the communities where we live and work.
Originally published on March 13, 2024, by Kathryn Atkins for NAIOP.
Although this year’s I.CON West conference is taking place in California, much of the due diligence session applies to the rest of the country. In all aspects of due diligence, the goal is the same: How do we get the project for our investors through the approval cycle with the least risk, time and expense?
Originally published on March 25, 2024, by Brian Walker for NAIOP.
NAIOP’s Market Share blog sat down with 2024 NAIOP Chair Brian Walker to ask him about his career path, NAIOP experience, and vision for the association this year.
We are proud to introduce our new association members! The following is a list of individuals who have joined NAIOP Charlotte since January 1, 2024:
All four standing committees of the Charlotte City Council met yesterday. Here's a quick outline of what was covered with links to agendas and presentations.
Transportation, Planning, & Development
Planning Director Alyson Craig provided an update to the committee and referenced three text amendments that are currently working their way through the process:
The always popular DL Mentorship Program is back! This program is exclusively for Developing Leader members (ages 35 & under) and provides a special forum for personal and professional growth through one‐on‐one learning sessions with accomplished and experienced professionals in the CRE industry. Take advantage of this opportunity to benefit from the knowledge, guidance, and ideas willingly shared by the program mentors.
The specially designed Mentorship website allows each participating mentee to familiarize themselves with the program mentors and book 1‐hour sessions with them to discuss career topics important to the mentee. Meetings can take place between April through June.
NOTE: 2024 mentors are still being confirmed/added to the website & are in the process of updating their profiles.
Booking is first-come, first-served! The Mentorship Program provides a special forum exclusively for DLs to meet one-on-one with selected industry leaders. We have 20+ mentors for this year’s program, all with extensive CRE industry knowledge. Take advantage of this opportunity to make connections and benefit from their knowledge, guidance, and ideas.
Originally published for the Spring 2024 Issue of NAIOP Development Magazine by Anthony Paletta.
Greenville, South Carolina, once styled itself the “Textile Capital of the World.” While it might be difficult to quantify that superlative, there’s no question this small city along the Reedy River in the foothills of the Blue Ridge Mountains had ample claim to being one of them.
Originally published on March 2024 by Hany Guirguis, Ph.D., Manhattan College and Joshua Harris, Ph.D., Fordham University for NAIOP.
With the U.S. economy expected to continue to grow slowly, the authors estimate that quarterly net absorption of industrial space will average 14.0 million square feet per quarter over the next two years, or 62.8 and 49.1 million square feet in 2024 and 2025, respectively. This forecast represents a relative “cooling” trend following what had been a protracted period of above-average industrial absorption following COVID-era demand shifts that accelerated the need for distribution space to meet consumers’ increased preference for home delivery. As such, the projected slowdown in net absorption reflects more of a “return to normal” than a negative outlook for occupiers of industrial real estate.
During last night's Charlotte City Council Business meeting, Planning Director Alyson Craig announced the filing of a new text amendment aimed at tightening rules for Conservation Developments. The amendment will include the following:
The initial proposal (virtually identical to the one offered last night) was presented at the March 7th meeting of the UDO Advisory Committee where a more comprehensive presentation was provided. As was earlier reported, this elicited a rather spirited discussion among committee members both through regular conversation as well as virtual chat.
This particular change appears to be on the fast track as the schedule is as follows:
Originally published on March 26, 2024, by NAIOP.
Six months into the 2024 fiscal year, Congress passed a final $1.2 trillion funding agreement and President Joe Biden signed it into law. The package was approved by the House (286-134) and Senate (74-24) before going to the White House on Saturday. It will keep the federal government operating until Sept. 30, 2024.
Originally published on March 13, 2024, by Marie Ruff for NAIOP.
“Developers are prioritizing projects that go beyond standard building codes to deliver high-performance buildings,” said Grant Waldron, director of sustainability strategy, GAIA, moderator of a panel on ESG (environmental, sustainability and governance) and decarbonization strategies at I.CON West in Long Beach, California. He identified ESG reporting and requirements, tenant demands, operational savings and capital markets as factors driving change.
Originally published on March 13, 2024, by Kathryn Atkins for NAIOP.
How do you know if you are optimizing the space in all your properties worldwide? How long would that take you to figure out with your current analytical tools?
Originally published on March 13, 2024, by Kathryn Hamilton, CAE for NAIOP.
Primarily used for the storage of trucks, trailers, containers, large equipment and materials, industrial outdoor storage (IOS) is a unique property type that comes with its share of challenges. A panel of IOS experts took the stage at I.CON West this week in Long Beach, California, to walk attendees through the pressures of this industrial-zoned land and why it’s important to an overall logistics portfolio.
Originally published on February 28, 2024, by Brian Kane for NAIOP.
As the retail landscape continues to evolve with some well-known retailers declaring bankruptcy or streamlining their real estate portfolios, it doesn’t have to signal a loss for the surrounding community. The opposite is true. People increasingly want their healthcare brought closer to home, and with these abandoned spaces comes opportunity.
Originally published on February 15, 2024, by Toby Burke for NAIOP.
The transportation sector accounts for 28% of greenhouse gas emissions – the highest percentage of any sector, reports the U.S. Environmental Protection Agency. The result of this has been greater public and private sector demand and interest in a national network of charging stations to support the use of more electric vehicles (EVs), including trucks, also known as transportation electrification.
Originally published on March 13, 2024, by Jennifer Lefurgy, Ph.D., for NAIOP.
Warehouses used to be spartan, utilitarian production and storage spaces. The emphasis was on throughput and convenience. However, some companies are incorporating human-centric features focused on wellness to capture market differentiation, increase employee retention and impact productivity. Authors of the recent NAIOP Research Foundation report, Designing for Wellness in Distribution Centers, spoke to I.CON West attendees about their design ideas, and an end user who has incorporated wellness standards in their facilities.
Originally published on March 20, 2024, by Toby Burke for NAIOP.
NAIOP members know that the procurement of a local permit is a fundamental and essential part of commercial real estate development in providing communities with properties for people to live, work and play. However, local permitting processes vary and too often become unnecessarily delayed. These variations and delays lead to uncertainties that affect the development’s completion, the financing structure, the retention of contractors, resources and equipment, and, ultimately, the cost for the owner, tenant and end-user.
