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Feds Scramble to Increase Funding for Paycheck Protection Program

The House and Senate aren’t scheduled to reconvene until early May; however, lawmakers are negotiating at a distance to reach an agreement to provide more funding for the Paycheck Protection Program (PPP).
 
Their tentative deal would invest another $310 billion into the program, with $60 billion allocated specifically for rural and minority groups and $60 billion for the Economic Injury Disaster Loan program. The agreement would also add $75 billion for hospitals and $25 billion for testing, for a total of $470 billion in additional spending.
 
PPP is a loan program ran through the Small Business Administration. It ran through its initial $349 billion last week after just two weeks of making loans. NAIOP and its allies in the real estate community-supported PPP and the law that created it, the $2.3 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted last month to help the economy survive the coronavirus shutdown.

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Building Your Business through Networking in Unusual Circumstances

Even with no in-person events on your schedule, you can continue to build professional relationships right now – you may just need to think creatively during this unusual time.

In a recent NAIOP Advantage Series webinar, networking strategist Lori Saitz, CEO and founder of Zen Rabbit, shared ideas for making meaningful professional connections, whether you are looking to touch base with people you’ve met in the past or would like to expand your network to reach new customers.

“One of the main reasons that people go to events and conferences – apart from the learning, certainly – is for the networking,” Saitz said.

She started by defining the term. What is networking? “Starting a conversation – the foundation for building a relationship,” according to Saitz. “But now that we can’t go to events to do that, how can we still make that a part of our business?”

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Webinar: National Forums Exclusive - Dotzour on the Industry and the Economy

A Forums favorite is back: Economist Mark Dotzour, Ph.D., will talk exclusively with the National Forums to illustrate how the CRE industry and global economies will emerge from the pandemic. Dotzour sees today’s environment as a blend of national unity from the age of World War II, the immediate lifestyle changes that followed 9/11, and the financial catastrophe of 2008. He’ll take on the big topics on everyone’s mind: Will this be another jobless recovery? Are the stimulus packages enough? Where are interest and cap rates headed? And what does all of it mean for commercial real estate?

Submit your questions early and login to the call ready to take a journey as Dotzour synthesizes global, social and economic trends and provides you a tool kit of factual information to help you make sound investment and business decisions moving forward.

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Integrating WELL into Industrial Properties

Originally published by Heath Abramsohn in the Spring 2020 Issue

The Rockefeller Group Logistics Center in Piscataway, New Jersey, opened in October 2019. It marked the culmination of four years of collaboration between Piscataway Township, Middlesex County and the companies involved with the project. With five buildings totaling 2.1 million square feet across 228 acres, the effort transformed a former brownfield site into a productive asset that should create more than 1,500 permanent jobs.

However, for the commercial real estate industry, an especially newsworthy aspect of this $250 million project could be the introduction of a concept that has the potential to revolutionize the way developers and users approach industrial space.

One of the park’s five buildings will not only be LEED Platinum but will go a step beyond by seeking WELL certification. Once certification is complete, it will be only the second WELL-certified U.S. industrial building, and the first such building in the world to achieve both LEED Platinum and WELL certifications. That means that the facility is not only energy efficient and environmentally friendly; it is also healthy for the people who work there.

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Clarifications from Local Stay at Home Orders

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Register Now: NAIOP's On-demand Courses Are Free!

You read that right all on-demand courses are absolutely free for NAIOP members through June 1st.

With so many of us working from home, now is a great time to add to your professional skill set or explore an emerging new product type (like cold storage or real estate as a service, for example).

NAIOP's on-demand courses offer maximum flexibility, and the value can't be beat courses are typically $795 each for members.

No code is required, just log in with your NAIOP member ID to access the offer.

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NAIOP's Pledge to Its Members during COVID-19

The challenges presented by the COVID-19 pandemic are unprecedented and far-reaching. During this time of crisis, NAIOP is focused on delivering the invaluable education, advocacy, and research that you expect – and that your business depends on. This is NAIOP's pledge to help its members during this crisis, as we all work toward a time of good health and prosperity.

Uninterrupted Membership Guarantee: We've Got You Covered

  • Extension of your NAIOP membership if you lose your job. Current members and those who join before September 30 will have membership extended up to one year or until you're reemployed. Even if your dues were paid by your company, your benefits won't stop.
  • Access to our online job bank where you can search for your next position, browse candidates, and find career guidance, salary resources, and hiring trends.
  • Chapter support that provides tools and resources to continue programming and deliver strong member value in your local market.
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Virtual Lunch with a Leader - Market Perspectives

Grab your lunch and join us to hear about a variety of perspectives on Charlotte’s development today. Are projects moving forward? How are they changing? You are invited to submit questions in advance here.

We welcome a panel of NAIOP Charlotte Board Members to provide short overviews and then engage in discussions with our members.
Registration
This event is offered to NAIOP Charlotte members only at no charge. Prior registration is required by 10am on 4/27. Zoom login information will be sent two (2) hours prior to the event.
 
 Click Here to Register

Questions
If you have questions about the Virtual Lunch With a Leader, please contact the NAIOP Charlotte office at [email protected].

Update from NAIOP Charlotte

Good morning,
 
Scott HArrisI want to take a moment to reach out to see how you are doing. During these challenging times, I want you to consider NAIOP Charlotte as part of your team, helping each other get through things together.
 
If you haven't already seen some of the great work NAIOP is doing to keep commercial real estate flowing, I am happy to share some quick items, all offered to NAIOP members at no cost:
The topics are broad and a great resource. Additionally, we have a COVID-19 resource page available on our website, which includes some insights from some board members on the present status of their business. These are being offered to support our members during these challenging times. Check it out and let us know if you think something should be added. It is the time to brush up on your skills.
 
We are here for you and your business. Please reach out to us at [email protected] if we can be of more assistance. Best wishes to your entire team and family. Stay healthy and I hope to see you in person real soon.
 
Scott HArris
 
Scott Harris
2020 NAIOP Charlotte President

DL Virtual Happy Hour with a Leader: Redefining South End

Join your peers at NAIOP Charlotte’s Virtual Happy Hour on Friday, April 24. Rachel Krenz, Director of Real Estate Development, Ram Realty Services, will lead the discussion on the current status of developments in South End at this exclusive Developing Leaders event.
 
About Our Leader
Rachel Russell Krenz is responsible for managing and executing development opportunities for Ram Realty in the Carolinas. Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and multifamily properties in the Southeast. Ram’s portfolio includes four mixed-use properties in the heart of South End (Hub South End, Hawk, Three30Five, and Lowes Tower.)

Ms. Krenz has a Masters in City & Regional Planning degree from the University of North Carolina with a specialization in real estate development and design. Her education also includes an undergraduate degree from Sewanee: The University of the South, a graduate-level Certificate in Historic Preservation from Goucher College, and real estate-focused coursework at Kenan-Flagler Business School. Ms. Krenz’s professional background in place-making includes her work at the National Trust for Historic Preservation and as Vice President of Real Estate Development for Grubb Properties and Milhaus. She is an active member of Urban Land Institute, the Founding Board Chair of Montford Park Partners, and has served as a member/volunteer for several historical and community organizations. Click here to read more.
 
Registration
This is a free event, available only for NAIOP Charlotte Developing Leaders; RSVP is required; the registration cutoff is April 23, 2020. Zoom Dial-In Information will be sent prior to the event.
 
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Questions
If you have questions about the Developing Leaders Social, please contact the NAIOP Charlotte office at [email protected].

NAIOP DLs Ask: What's Next for CRE?

Thursday, April 23, 2020, at 2:00 -3:00 p.m. ET

For NAIOP Developing Leaders, the effects of the current pandemic are creating their first career downturn. Whether professional- or career-related, the questions surrounding it are significant:

  • What kinds of transactions are happening, or have deals stopped?
  • Will remote working, office shifts and coworking be the new norm to reduce exposure, particularly in the next year? 
  • How can industrial/logistics tenants prepare for supply and delivery challenges during future potential pandemics?
  • How are companies handling the financial crunch, and should we expect furloughs or layoffs? 
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Some Financial Aid May Run Short This Week

A key element of the $2.3 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act may run short of funding as soon as this week. Lawmakers initially allocated $349 billion to the Paycheck Protection Program (PPP) run through the Small Business Administration. In its first week, PPP spent more than $100 billion of that, and could spend the rest by Friday. Treasury Secretary Steven Mnuchin asked Congress to add an additional $250 billion to the fund last week. Democrats blocked that attempt in the Senate; they are demanding additional provisions they said would help hospitals and state and local governments.

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Industrial Intensification Grows Up

As e-commerce and technology push industries to evolve, businesses are placing greater importance on integrated workspaces. These are places where design, manufacturing, distribution and showroom activities occur within a single building.

At the same time, companies must deal with land supply constraints, increases in space demand, and economic and population growth. These trends are driving new opportunities for industrial lands intensification, such as multilevel developments (sometimes referred to as “vertical” or “stacked”), while challenging old planning regulations.

Industrial properties are no longer single-story buildings located on the urban fringe. New forms of industrial intensification provide more space for companies to expand and boost employment growth within communities.

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Upcoming Webinar: What’s Next for the Dynamic Industrial Market?

Whether you are developing, investing or brokering industrial real estate, you know the product has been hot and continues to expand. E-commerce, last-mile delivery, two-story urban distribution centers and more continue to shape all aspects of the multifaceted industrial market.

Join NAIOP on Monday, April 20th and get the inside track on upcoming opportunities in the sector with Dr. Hany Guirguis, Professor, Economics & Finance, Manhattan College and Dr. Tim Savage, Clinical Assistant Professor, NYU SPS Schack Institute of Real Estate. They will provide insights and data from the new NAIOP Industrial Space Demand Forecast, identify linkages between overall economic activity and the demand for industrial real estate, and engage in a live Q&A session with attendees.

Complete the 2020 Compensation Survey and Receive a Free Report

NAIOP is again partnering with CEL & Associates, Inc. to compile the 2020 NAIOP/CEL Commercial Real Estate Compensation and Benefits Survey. A nationally known real estate advisor, CEL has conducted this survey – the largest in the industry – for 31 consecutive years.

Complete the survey by Friday, April 24th.

Take the Survey

DL Virtual Happy Hour with a Leader: Redefining South End

Join your peers at NAIOP Charlotte’s Virtual Happy Hour on Friday, April 24. Rachel Krenz, Director of Real Estate Development, Ram Realty Services, will lead the discussion on the current status of developments in South End at this exclusive Developing Leaders event.
 
About Our Leader
Rachel is the Director of Real Estate Development at Ram Realty Services and serves as the Founding Board Chair for Montford Park Partners. Click here to read more
 
Registration
This is a free event, available only for NAIOP Charlotte Developing Leaders; RSVP is required; the registration cutoff is April 23, 2020. Zoom Dial-In Information will be sent prior to the event.
 
Click Here to Register

Questions
If you have questions about the Developing Leaders Social, please contact the NAIOP Charlotte office at [email protected].

No Joke: All On-demand Courses Are Free Starting Today!

The unprecedented COVID-19 pandemic has forced many people to work from home indefinitely. While it's a time of uncertainty and disruption, time invested in education and training is always time well spent.

That's why NAIOP is offering all on-demand courses absolutely free to all members through June 1.

This valuable members-only benefit allows you to explore the breadth of NAIOP's education offerings — 14 full courses or over 80 individual course modules — no strings attached. This is a significant saving over the typical price of $795 per full course.

No code is required, just log in with your NAIOP member ID to access the offer.

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Modern Industrial Development On-demand Course

The industrial warehouse of today has come a long way from its basic “big box” predecessor. This course provides professionals with an understanding of the components of the modern industrial warehouses being developed today, and an overview of the steps involved in the ground-up development of these industrial buildings. Explore the roles, analytical tools used, critical decisions, tasks, risks and pitfalls that apply at each step of the industrial development process. The course begins with an overview of the product type, then moves on to niche topics including infill development, cold storage and the supply chain.

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NEW: Real Estate as a Service On-demand Course

It’s more than just a passing trend – this course provides professionals with an understanding of the latest utilizations of and best practices for the real estate as a service model. Learn from practitioners working in the real estate as a service world, respond to realistic scenarios, explore case studies on successful real estate as a service spaces, and create an action plan for next steps in establishing a real estate as a service space. Gain understanding of the unique aspects of the model, including a change in mindset, creating community, effective marketing, building design, recruiting a team and understanding financials. 

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Building Your Business Through Networking in Unusual Circumstances

No networking events on your schedule? No problem. You can continue to build relationships and access business opportunities right now – you may just need to think creatively about how best to manage in the current situation. Networking strategist Lori Saitz of Zen Rabbit will provide new ideas for making meaningful professional connections, whether you are looking to touch base with people you’ve met in the past or would like to expand your network to reach new customers. She will share best practices and tips to consider during this time of business-not-as-usual.

Speaker: Lori Saitz, Zen Rabbit

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