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Sentiment Index: Growing Optimism for U.S. Commercial Real Estate Market Over Next 12 Months

Posted May 18, 2017
NAIOP has released the latest Sentiment Index based on a survey of member developers, owners and investors on whether their 12-month outlook for commercial real estate development is positive, neutral or negative.
 
The Spring 2016 Index is 0.56. The overall composite Index has increased for the first time in two years. The current survey indicates that there is more optimism in the CRE market than there was six months ago.
 
View graphs and observations for each of the 10 questions about jobs, the space markets, construction costs and the capital markets.
View the Report
To share your feedback or inquire about participating in the next Sentiment Index survey (Fall 2017), contact [email protected].

House Ways and Means Committee Hearing on Tax Reform

Posted May 18, 2017

House Ways and Means Committee Chairman Kevin Brady (R-TX) has scheduled a hearing of the full committee for this Thursday, May 18, intended to show how tax reform will grow the economy by generating investments and creating jobs. The hearing is the first major action the committee has taken since President Donald Trump announced his tax reform plan – a broad statement of overarching goals with little detail.

In announcing the hearing, Chairman Brady said that the committee would hear “from witnesses about specific policy proposals that deliver the most economic growth and how our ideas will directly help hardworking taxpayers and the businesses that create jobs across America.”

The hearing is seen as a first step by House Speaker Paul Ryan and Rep. Brady to revive interest in features of their tax reform plan which have garnered strong opposition among Senate Republicans, including a “border adjustment tax” that would raise the costs of imported goods by 20 percent. Also controversial are provisions of the House plan that would affect commercial real estate, including the elimination of Section 1031 like-kind exchanges, the loss of deductibility of business debt interest, and issues concerning the continued capital gains tax treatment of real estate partnership carried interests.

The Rise of Robots May Mean Fewer White-collar Jobs

Posted May 10, 2017

Production line employees in the United States have been watching for years as their jobs are replaced by robots. Lawyers may be next.

Artificial Intelligence and Robotics and Their Impact on the Workplace,” a report from the International Bar Association, warns that artificial intelligence and algorithms may soon replace as many as one-third of graduate-level jobs around the world.

The report breaks the industrial age into four chapters: 1) Industrialization, 2) Electrification, 3) Digitization and 4) Industry 4.0.

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Redeveloping Newspaper Headquarters

Posted May 10, 2017

By: Patricia Raicht

Redevelopment of former newspaper headquarters and other facilities is becoming big business in more markets, as news companies offload valuable real estate with great structural bones in high-quality locations.

RISING PROPERTY values resulting from heightened demand among tech companies and other tenants for urban settings, combined with the downtown location of many newspaper headquarters, have created an opportunity for news organizations. Many that own their headquarters or print facilities are monetizing those investments, selling to investors and developers looking to convert the buildings to apartments, hotels and other forms of in-demand real estate. Others are maintaining at least partial ownership of their property while partnering with developers and investors to generate additional revenue.

Click here to read the full article.

2017 Six on Six Volleyball Classic is on May 11

Posted May 10, 2017

Childress Klein and Beacon Partners will host the 10th Annual Six on Six Volleyball Classic on May 11th, 2017. The event will pit teams from the Charlotte commercial real estate industry in a head to head competition that promotes camaraderie and networking while raising awareness and support for local charities.

May 11, 2017 11:am-5:00pm
VBGB 920 Hamilton Street, Charlotte NC
100% of the proceeds will benefit Charlotte Housing Authority

Click here to register and for more information.

County Manager Discusses Code Enforcement Improvements with REBIC

Posted: May 10, 2017

During a recent visit with REBIC, County Manager Dena Diorio discussed LUESA’s ongoing implementation of a new Electronic Plans Management system, as well as other technology improvements currently under development. Here are some key takeaways from the conversation:

Q: What can Code Enforcement customers expect in terms of improvements form the replacement of the electronic plans management system? 

A: The following are some of the major improvements that are being designed for the upgrade:

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