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Register Today! Insights from Both Sides of the Aisle is on March 10

Insights from Both Sides of the Aisle
March 10, 2021 | 9:00 AM - 10:00 AM EDT

This event is hosted by NAIOP Charlotte. All NAIOP NC members as well as nonmembers are invited to participate.

Hear exclusive insights on the current political climate in NC and the country from renowned pollical strategy consultants, Brad Crone (“The Democrat”) and Chris Sinclair (“The Republican”). Find out what both sides have to say about the changing real estate landscape, the new administration, and what key issues are impacting the state and industry. Submit questions for the speakers in advance here

Our Speakers

Brad Crone
Campaign Connections
Brad Crone, 51, is president of Campaign Connections, a Raleigh-based consulting firm specializing in public affairs, public relations, and grassroots campaigns for trade associations, advocacy groups, and corporations. A North Carolina native, Mr. Crone has been providing governmental affairs and public relations consulting services since creating his firm in 1991. Prior to that, he was a daily newspaper publisher at The Thomasville Times in Thomasville, N.C. He was the first desktop newspaper publisher in the state with his weekly publication The Clayton Star, which he sold in 1989. Read more.

 

Chris Sinclair
Sinclair Public Affairs
Chris Sinclair has been actively involved in politics and public affairs in North Carolina for over 20 years. He has been recognized as a top influencer and strategist by multiple organizations, including Campaigns & Elections magazine who named him one of the Top 500 Influencers in American Politics (2013). He has founded multiple firms including Public Solutions, an award-winning public affairs firm, which later merged with Cornerstone Strategy & Communications to become Cornerstone Solutions. Read more









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Developer of the Year: NAIOP’s Highest Honor

Presented annually since 1979, the Developer of the Year Award is given annually to one developer that best exemplifies leadership and innovation in the commercial real estate industry.

Nominations for 2021 are now open!

Nominate your company for NAIOP's highest honor using our online nomination toolNominations close on Friday, February 26.

The Developer of the Year award is determined by a five-member selection committee of industry peers that uses the following criteria to evaluate entries:

  1. Outstanding quality of projects and services. Detail your portfolio’s innovation through the incorporation of sustainability, technology, building wellness, and resiliency as they apply to the development and building operations. Judges take into consideration the size and diversity of a nominee’s portfolio.
  2. Financial consistency and stability. Detail your company’s strategies for return on investment, economic sustainability, and success.
  3. Ability to adapt to market conditions. Detail your company’s adaptability and success navigating economic, community impact, demographic and environmental conditions.
  4. Active support of the industry through NAIOP. Detail how your company and your employees are involved in NAIOP through the number of active NAIOP members, your chapter participation, your support of NAIOP Corporate programs, and your employees’ participation on chapter and Corporate Boards of Directors.
  5. Support of the local community. Detail your company’s charitable and philanthropic activities within your market.
View Past Winners

NAIOP State of the Association 2021

Originally published in NAIOP E-Newsletter on February 2, 2021. 

Watch NAIOP's State of the Association hear a recap of 2020, preview NAIOP's legislative priorities, and learn what’s next for the association as we journey through 2021.

The last 12 months have been filled with unexpected challenges and a pandemic none of us could have imagined. It impacted our lives and our industry in countless ways, from how we operate our businesses to tenant demand and use of space.

We anticipate a steady readjustment to a post-pandemic world, with a deep examination of how office, industrial, retail, and other shared spaces will be reimagined. These changes can be viewed as opportunities. The CRE industry continues to modernize and adapt as we create new strategies that will help us succeed.

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President Biden’s Tax Agenda: Issues for Commercial Real Estate

NAIOP members had the opportunity to learn about the association’s legislative agenda and its priorities for 2021 during the virtual 2021 Chapter Leadership and Legislative Retreat, including specifics regarding what might await the industry on tax policy in the new presidential administration.

Some of President Joe Biden’s proposals offered during his campaign for the White House would have profound implications for the commercial real estate industry if enacted. Coupled with some of the elements of his robust policy agenda, the fiscal situation Biden inherits means that we can expect that there will be a lot of pressure to increase revenues in order to pay for politically popular initiatives in a fiscally responsible manner. As the nonpartisan Committee for a Responsible Federal Budget noted in a research brief, Biden’s campaign proposals would raise federal revenues between $3.35 trillion and $3.67 trillion over a decade and would increase taxes for the top 1% of earners by 13% to 18% of after-tax income.

 

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NAIOP January Coronavirus Impacts Survey: Light Appears at the End of the Tunnel

In January, NAIOP conducted its seventh 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. The four months since the last survey witnessed significant events, including federal elections and the FDA approval of two highly effective coronavirus vaccines. Respondents to the survey report improved rent collection rates, an increase in industrial investment activity, and an improved outlook for employment in their firms. Fewer respondents now expect the pandemic will significantly affect their business operations for more than a year. However, respondents also report continued disruptions to ongoing development projects.

The survey was completed by 228 NAIOP members between January 19 and 22. Respondents represent a range of professions, including developers, building owners, building managers, brokers, lenders and investors.

Below is an overview of the survey results with direct quotes from participants (in italics) followed by raw data from the survey and a profile of respondent characteristics. Results from September’s survey can be found here. Note that charts in this analysis illustrate data from the three most recent surveys. Data from the April-July surveys are published in earlier posts.

 

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Congress Moves Forward with Reconciliation

Last week, the House of Representatives and Senate advanced measures that would allow the Biden administration to use the budget reconciliation process to pass a $1.9 trillion COVID-19 relief bill without facing a filibuster in the Senate. The House passed their version of the budget resolution last Wednesday, and then passed the Senate's version as amended later in the week. The Senate passed the budget resolution after holding a so-called "vote-a-rama," a series of lengthy votes on Republican amendments to the resolution. The Senate ultimately adopted the budget resolution by a 51-50 vote, with Vice President Kamala Harris casting the tiebreaking vote.

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Upcoming February & March Events | Register Today

Upcoming Opportunities

February 22
Lunch with the Leader:
Discussion with Council Member Ed Driggs

Join fellow NAIOP Charlotte members for this Lunch with a Leader to hear from Council Member Ed Driggs, District 7. Charlotte’s 2040 Comp Plan will have a dramatic impact on the future of commercial real estate development. Members will have an exclusive opportunity to meet with Council Member Ed Driggs to have an open-ended discussion, moderated by Childress Klein’s Chris Thomas, about the happenings at City Council and well as the Plan’s impacts on commercial development, our community, and our members. This is your chance to provide face to face feedback and ask questions to a key leader in our community. This event is offered to NAIOP Charlotte members only at no charge.

Ed Driggs
Charlotte City Council - District 7

This event is offered to NAIOP Charlotte members only at no charge.



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Benchmarking Development Approvals Processes Across the U.S.

Originally published on February 3, 2021, by Brielle Scott for .

Many municipal approval processes tend to be opaque and provide developers with limited information.

To help address these issues, the NAIOP Research Foundation commissioned Distinguished Fellow C. Kat Grimsley, Ph.D. cantab, director of the Masters in Real Estate Development Program at George Mason University, to create a Development Approvals Index to evaluate the transparency, consistency and accountability of municipal permitting and inspection processes.

In a session at the 2021 Chapter Leadership and Legislative Retreat, Grimsley shared her experience developing the tool, an overview of its structure and variables, and her goals for its use as it continues to be refined. The Index consists of an Excel spreadsheet that end-users can complete based on available information for the permitting and inspection processes. It can be used for all product types.

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North Carolina is #8 state in U.S. for CRE retail development

North Carolina is the #8 state in the U.S. for contributions to state GDP created by retail/entertainment real estate development. Overall, the construction and development of office, industrial, warehouse, and retail created and supported 67,041 related jobs and contributing $8.99 billion to the state’s economy in 2020 (the most recent data available).

The data is from “Economic Impacts of Commercial Real Estate, 2021 U.S. Edition,” published annually by the NAIOP Research Foundation.

New development and ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse, and retail – generates significant economic growth at the national level:

  • Created and supported 8 million American jobs in 2020.
  • Contributed $1.01 trillion to U.S. GDP.
  • Generated $338.1 billion in salaries and wages.

“Many factors point to a commercial real estate rebound in 2021,” said Thomas J. Bisacquino, president and CEO of NAIOP. “Obviously, we dealt with several unknowns and unexpected challenges in 2020. The pandemic accelerated trends already progressing in real estate. The warehouse sector has flourished as e-commerce demand intensified; office space has been impacted by tenant demand, as remote work options expand and companies rethink space needs; and the retail sector struggled as shoppers preferred to buy online. Nonetheless, commercial real estate construction and development sectors remain solid, valuable contributors to the U.S. economy, and we have a bright future as the economy continues to improve.”

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New Report: Economic Impacts of Commercial Real Estate, 2021 U.S. Edition

Originally published by the NAIOP Research Foundation on February 3, 2021.

The NAIOP Research Foundation has published its annual Economic Impacts of Commercial Real Estate, 2021 U.S. Edition.

Commercial real estate development and operation of existing buildings generated the following economic benefits in 2020:

  • Supported 8.0 million American jobs (a measure of both new and existing jobs).
  • Contributed $1.01 trillion to U.S. GDP.
  • Generated $338.1 billion in salaries and wages.

Key measures impacting economic growth in 2021 include:

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Register Now: 2040 Comp Plan CRE Insights & More Upcoming Events

Next week! Get a deep dive into the 2040 Comp Plan during this free Lunch with a Leader as we unwind the key areas of concern for the commercial real estate industry. The 2040 Comp Plan for the City of Charlotte will be the vision for our City, driving future growth and future policies for development. Larry Shaheen (The McIntosh Law Group) and Madeline Keeter (REBIC) will provide a brief background and overview of areas of concern for our industry. This is a perfect session to learn more so you can reach out to the City and elected officials with information about the impacts on commercial development. You are invited to submit questions in advance here.

Our Leaders

       
Madeline Keeter
Government Affairs Manager
REBIC 
    Jason Moore
(Moderator)

Business Development
Rodger’s Builders 
    Larry Shaheen
Attorney
The McIntosh Law Firm 

 

Register Here

 

Upcoming Events

Discussion with Council Member Ed Driggs

Join fellow NAIOP Charlotte members for this Lunch with a Leader to hear from Council Member Ed Driggs, District 7. Charlotte’s 2040 Comp Plan will have a dramatic impact on the future of commercial real estate development. Members will have an exclusive opportunity to meet with Council Member Ed Driggs to have an open-ended discussion, moderated by Childress Klein’s Chris Thomas, about the happenings at City Council and well as the Plan’s impacts on commercial development, our community, and our members.

Booking Starts Feb. 3 │ Mentorship Program

Developing Leaders Mentorship Program

Booking Starts Wednesday, February 3 at 9 am ET 

The Mentorship Program provides a special forum exclusively for Developing Leaders to book 1-hour sessions with selected industry leaders.

There are 100+ sessions between 22 Mentors for the 2021 program.

Note: You must check the box indicating you have read and agree to the Mentee's Terms & Conditions. If this box is unchecked, you will not be able to book meetings with Mentors.

Important Reminders:

  • Sessions are booked on a first-come, first-serve basis.
  • You may book meetings with up to three (3) Mentors.
  • Each session must be booked with a different Mentor, you may not book multiple sessions with the same Mentor.
  • Mentees and Mentors will be responsible for deciding to meet in person or virtually. Both parties must agree to meet in person.
  • The system does not send booking notices to you or the Mentors. Instead, click 'My Sessions' in the top menu. This personalized page stores everything about the Mentors and session dates you chose.
  • You are responsible for directly contacting your selected Mentors to finalize meeting arrangements (time and location).
  • Use the authorized contact information on your 'My Sessions' page. You may not contact Mentors other than your selected Mentors listed in 'My Sessions'.
  • Be sure to read the 'Mentoring Matches' and 'How Mentees & Mentors Connect' pages on the mentorship site for tips to optimize the experience and help you understand how this program works.

Not Registered Yet As A Mentee? You are still able to register and participate as a mentee, but please note that sessions are booked on a first-come, first-serve basis. Go to the program website to register and start participating today. Reminder: You must check the box indicating you have read and agree to the Mentee's Terms & Conditions.

Mentees and Mentors will be responsible for deciding to meet in person or virtually. Both parties must agree to meet in person. By registering and participating in the 2021 DL Mentorship Program, the participant hereby accepts the terms and conditions in the Participant Liability Waiver. NAIOP Charlotte reserves the right to make necessary changes to the DL Mentorship Program at any time based on national, state, and local COVID restrictions & guidelines.

Questions? Email [email protected].

Mentorship Program: Deadline to Register is Tomorrow

Developing Leaders Mentorship Program
Registration Deadline is Tomorrow

The deadline to register as a Mentee and have the opportunity to meet one-on-one with CRE industry leaders is EOD tomorrow, January 27. Register Now.

This year's program features 90+ available sessions with 22 Mentors including Tracy Dodson, Assistant City Manager, City of Charlotte; Steve McClure, COO, Spectrum Companies; Curtis Trenkelbach, President, InterCon Building Company; Marshall Williamson, Vice President, Lincoln Harris; and more!

The session-booking process will open on February 3 at 9:00 am ET. Sessions are booked on a first-come, first-serve basis.

Important Reminders:
  • You must check the box indicating you have read and agree to the Mentee's Terms & Conditions.
  • Your NAIOP membership must be renewed by the end of January otherwise you will be removed from the program.

How to Register:

  • Go to the program website: https://mentoring.naiop.org/B5CEkQt7
  • In the menu at the top of the page, click MENTEE REGISTRATION FORM
  • Enter the email address to which this message has been sent
  • One of the following will apply to you:
    1. If you were a mentee before and your email address is the same, use the password you created before to finish logging in. The "forgot password" feature is available if needed
    2. If you were a mentee before but your email address has changed, you will need a new Login - please follow the prompts to register and set a password
    3. If you were not a mentee in a previous program, please follow the prompts to register and set a password
  • You must check the box indicating you have read and agree to the Mentee's Terms & Conditions.

If 2 or 3 above applies to you:

  • A verification email will be sent to you (security protocol) so please watch your spam folder. It is important to click the link in this verification email to finalize and login for access to your registration form
  • Lastly, return to the mentorship site, click MENTEE REGISTRATION FORM again...log in with your email address and password...then you will find your form ready for you to complete
Mentees and Mentors will be responsible for deciding to meet in person or virtually. Both parties must agree to meet in person. By registering and participating in the 2021 DL Mentorship Program, the participant hereby accepts the terms and conditions in the Participant Liability Waiver. NAIOP Charlotte reserves the right to make necessary changes to the DL Mentorship Program at any time based on national, state, and local COVID restrictions & guidelines.


Questions? Email [email protected].

Concord and Kannapolis UDO Updates

The City of Concord is updating their UDO – Read more

Kannapolis is updating their UDO – Read more

Deadline Next Week - Register Today to Participate

The registration deadline is January 27

The deadline to register as a Mentee and have the opportunity to meet one-on-one with CRE industry leaders is next Wednesday! Register today to take advantage of this exclusive opportunity to make important connections and benefit from the knowledge, guidance, and ideas shared by our program mentors.

This year's program features 80+ available sessions (and counting!).

Your NAIOP membership must be renewed by the end of January otherwise you will be removed from the program.

Meet Our Mentors!

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The Forces Shaping Office Space Demand

Originally published by Brielle Scott on January 12, 2021, for NAIOP.org.

In a recent webinar, the authors of the NAIOP Office Space Demand Forecast provided insights and data from the latest report covering the fourth quarter of 2020, including overall economic trends and factors influencing demand, and their predictions for when the office sector could recover in the wake of the COVID-19 pandemic.

The prior economic expansion was the longest on record; job growth was strong, income growth had been accelerating since 2017, and recent tax laws provided valuable incentives for the commercial real estate industry, said Tim Savage, Ph.D., report author and clinical assistant professor, NYU SPS Schack Institute of Real Estate.

Read more

Speculative Cold Building Development: Trends and Strategies

Originally published by Cameron M. Trefry, RA, LEED AP for NAIOP's Winter 2020/2021 Issue.

This sector of industrial was booming even before the pandemic, and future demand is expected to soar even higher.

In the age of one-hour package shipments, the infrastructure needed to serve a growing on-demand culture is scrambling to keep up. This has taken on even greater significance amid the COVID-19 pandemic, which forced millions to stay home for months.

According to Coresight Research’s U.S. Online Grocery Survey 2020, online grocery sales are expected to increase by about 40% this year due to the pandemic. That’s after a 22% increase in 2019.
The strong growth in e-commerce is a main reason that the industrial real estate sector is a bright spot in the U.S. economy, as developers and tenants continue to construct millions of square feet of warehouses and logistics centers.

Within the industrial sector is a unique class of buildings that maintain the continuity of the “cold chain,” which is crucial for the integrity of U.S. food and pharmaceutical logistics. While market factors are driving rising demand for cold buildings, there are also practical reasons behind the need for this asset class. The existing cold building stock in the U.S. is becoming antiquated, with an average age of 34 years, according to CBRE research.

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Consumer Trends Plus New Technologies Create Alternate Uses for Vacant Properties

Originally published by Linda Strowbridge on January 5, 2021, for NAIOP.org.

In “The Evolution of the Warehouse: Trends in Technology, Design, Development and Delivery,” authors Steve Weikal and James Robert Scott detail the industry advances, consumer trends and emerging technologies that are driving a rapidly growing sector. Although their work at the MIT Real Estate Innovation Lab regularly immerses both Weikal and Scott in the topic, working on the report by the NAIOP Research Foundation exposed them to a striking array of future business opportunities within the warehouse segment.

 

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New Resources: 2040 Comp Plan, the Unified Development Ordinance, and Charlotte Moves

Check out a newly added resource page with quick links to the 2040 Comp Plan, UDO, Charlotte Moves, and more. This evolving information will have a dramatic impact on the future of Charlotte’s commercial real estate development. NAIOP Charlotte continues to monitor and inform members about developments in these initiatives and members are encouraged to get involved and provide a voice for commercial real estate as these policies unfold.

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Mentorship Program: Deadline To Register is Jan. 27

Register today for the opportunity to meet one-on-one with accomplished professionals in the CRE industry through this program that is exclusively for NAIOP Charlotte Developing Leaders. The deadline to register as a Mentee is January 27, 2021.

Your NAIOP membership must be renewed by the end of January otherwise you will be removed from the program.

Meet the Mentors!

Tim Bahr, Healthcare Realty
Sherrie Chaffin, Trinity Capital Advisors
Tom Coyle, Childress Klein
Tracy Dodson, City of Charlotte
Nate Doolittle, LandDesign
Massie Flipping, Trinity Capital Advisors
Jim Gable, Pavilion Development
Scott Harris, Choate Construction Company
Charles Jonas, Foundry Commercial
Ken Jonmaire, Crescent Communities
Welch Liles, Asana Partners

         

Steve McClure, Spectrum Companies
Sean McDonnell, Beacon Partners
Jon Morris, Beacon Partners
Brendan Pierce, Crescent Communities
Patrick Pierce, Selwyn Property Group, Inc.
Tim Robertson, Beacon Partners
Chris Thomas, Childress Klein
Curtis Trenkelbach, InterCon Building Company
Marshall Williamson, Lincoln Harris
Larry Wilson, KDC
Daniel Wright, UNC Charlotte,
Belk College of Business

Program Timeline:

  • January 27, 2021: Deadline to register as a Mentee
  • February 2021: The session-booking process will open
  • March - June 2021: Meetings with Mentors
How to Register:
  • Go to the program website: https://mentoring.naiop.org/B5CEkQt7
  • In the menu at the top of the page, click MENTEE REGISTRATION FORM
  • Enter the email address to which this message has been sent
  • One of the following will apply to you:
    1. If you were a mentee before and your email address is the same, use the password you created before to finish logging in. The "forgot password" feature is available if needed
    2. If you were a mentee before but your email address has changed, you will need a new Login - please follow the prompts to register and set a password
    3. If you were not a mentee in a previous program, please follow the prompts to register and set a password
  • Reminder: Check the box indicating you have read and agree to the Mentee's Terms & Conditions.
If 2 or 3 above applies to you:
  • A verification email will be sent to you (security protocol) so please watch your spam folder. It is important to click the link in this verification email to finalize and login for access to your registration form
  • Lastly, return to the mentorship site, click MENTEE REGISTRATION FORM again...log in with your email address and password...then you will find your form ready for you to complete
Mentees and Mentors will be responsible for deciding to meet in person or virtually. Both parties must agree to meet in person. By registering and participating in the 2021 DL Mentorship Program, the participant hereby accepts the terms and conditions in the Participant Liability Waiver. NAIOP Charlotte reserves the right to make necessary changes to the DL Mentorship Program at any time based on national, state, and local COVID restrictions & guidelines.

Questions? Email [email protected].