BLOG

Message from the President

Hello fellow NAIOP members,

We know most of you are working from your new home office and trying to keep life moving forward as normal as possible. While we are in very interesting and ever-changing times, we also want to do all we can to keep the commercial real estate market moving in a positive direction, albeit in a manner that makes sense and keeps people safe and healthy. This is so important to our state and local economies and, more importantly, to the many families that depend on the paychecks that our industry provides.

We have been very fortunate to have our local leadership continue to work keeping things open for business. We ask you to support our leadership, both locally and statewide, as difficult decisions are being made but done so in an effort to best fight the coronavirus. With most of us working from home, hopefully, it will help keep the spread to a minimum thus allowing us to get back to business as usual sooner rather than later. In the meantime, your NAIOP Charlotte leadership is discussing virtual learning opportunities to discuss best practices for dealing with this so that we can all share and learn in order to benefit all of us. This situation is one where we are all in it together and so anything we can share and learn will benefit all of us.

Our NAIOP staff is also working to put together conversations, that will be shared via webinars, within the next week. We see great opportunities to both keep our members informed, learning and connected. We are missing the comradery that we love to share and so, hopefully, any forums or virtual meetings we can have will help to meet some of that connectivity.

Read More

REBIC COVID19 Resource Website

As the entire country responds to COVID19, we will work to keep you informed as best we can on updates at a local level. In an effort to streamline that communication, we have developed a resource guide on our website. If there is information that you would like included here that we have missed, please email Madeline at [email protected].
 
REBIC staff is working remotely until further notice, but available any time through email or our regular phone line. If there is anything we can do to help as we all learn to navigate in this new normal, please do not hesitate to let us know.
 
Thank you,
Rob Nanfelt & Madeline Keeter
704-940-3171
Click Here to Read More

Local Impacts to the Real Estate Industry from NCDOI

Currently, all local planning and development offices are open and continuing inspections. The NC Department of Insurance is aware of issues with the register of deeds offices working with a smaller crew and is continuing to stay in communication with local, state and federal officials to ensure construction, permitting, and business can continue as usual as much as possible. For more information, please go to the COVID19 Resource page, where you will find links to local government updates and much more.

It is the direction from the NC Department of Insurance that all inspections and permitting should continue. Click here to read the letter from NCDOI.

Click Here to Read More

COVID-19’s Impact on CRE: What We Know Today (and Don't)

Join NAIOP Charlotte on Tuesday, March 24th at 2-2:30 p.m. ET for The Advantage Series is an exclusive member benefit, delivering expert insights into the latest research to help you make informed business decisions.

Repercussions from the ongoing COVID-19 pandemic are far-reaching and still quite unknown, but one thing is for certain: the impact on commercial real estate will be substantial. A week ago, CRE fundamentals were solid; will that improve our recovery timeline? What do experts see for the potential future of the industry? How do you recognize a deal today, and know whether it’s better to act quickly or hold? The questions are numerous, and NAIOP is here with guidance to support you today and get you thinking ahead for tomorrow. Have a question for our speakers? Submit it now.

Speakers:
Larry Lance, Executive Vice President-Asset Services, EverWest Real Estate Investors, and 2020 NAIOP Chairman
Al Pontius, National Director of Office & Industrial, Marcus & Millichap
John Chang, National Director of Research Services, Marcus & Millichap

Click Here to Register

NAIOP COVID-19 Website

The COVID-19 situation has quickly upended our lives, as companies shift to operating remotely full-time and we adjust how we work and socialize. Of course, our industry and your business remain top of mind as uncertainty in the market abounds.

Rest assured that NAIOP is focused on providing you knowledge that you and your company need right now.

We've launched a website to make it easy to find our resources, with helpful links, and a place to share your thoughts and volunteer to share expertise with our members.

Click Here to View Website

The Doors May Be Closed, But Mecklenburg County Code Enforcement Is Open For Business

The building may be closed, but make no mistake – Mecklenburg County Code Enforcement is open for business. Their dedication to serving customers and being a partner in building a thriving community has not wavered. 

Nearly all of the services can be accessed online. Links to all customer portals, staff contact information, and other customer resources are listed on MeckPermit.com. They are also maintaining a list of all modifications we have made and will make in response to the COVID-19 pandemic.

Click Here to Read More

Congress, States Struggle to Deal with Coronavirus

Senate lawmakers cancelled a planned recess and will instead remain at work in Washington, D.C., this week, where they will take up a bill passed by the House of Representatives last week that seeks to provide immediate economic relief from the effects of the novel coronavirus, COVID-19. 

The House voted overwhelmingly, 363-40, to approve the measure, for which President Donald Trump had signaled support. The Wall Street Journal reported: “The new measure would still provide two weeks of sick leave to a wide swath of workers affected by the pandemic, including those who are in quarantine, caring for family members with Covid-19, and those who have children whose schools or day-care centers have closed.” The bill would also make free testing for the coronavirus available.

Click Here to Read More

Industrial Space Demand Forecast

Originally published in February 2020 by Hany Guirguis, Ph.D., Manhattan College and Timothy Savage, Ph.D., New York University

The NAIOP Industrial Space Demand Forecast is based on a predictive model that forecasts demand for industrial space at the national level on a quarterly basis for eight consecutive quarters.

It utilizes variables that comprise the entire supply chain and lead the demand for space, including varying measures of employment, GDP, exports and imports, and air, rail and shipping data.

Leading indicators that factor heavily into the model include the Federal Reserve Board’s Index of Manufacturing Output (IMO), the Purchasing Managers Index (PMI) from the Institute for Supply Management (ISM) and net absorption data from CBRE Econometric Advisors.

Read More

Repurposing Retail Centers: Profiles in Adaptation, Repositioning and Redevelopment Webinar

The Advantage Series is an exclusive member benefit, delivering expert insights into the latest research to help you make informed business decisions.

The declining prospects of North America’s shopping malls have been the subject of significant media attention, industry concern, and public interest. Faced with competition from e-commerce and shifting consumer preferences for other retail formats and experiences, hundreds of traditional shopping malls have closed in recent decades, with many more closures expected in the coming years. However, while many of these properties may no longer support a traditional mall, they are often strong candidates for redevelopment.

This webinar will highlight how developers have revitalized properties by adding new uses, amenities, and services. Based on the findings in “Repurposing Retail Centers” — a recently completed study commissioned by the NAIOP Research Foundation — presenters will examine how developers are transforming struggling or closed malls into properties that fit within current market conditions and serve the needs of their surrounding communities. In addition to covering several redevelopment examples from across North America, the Highland Mall project in Austin, Texas, will serve as a principal case study that addresses a wide range of contemporary issues for repurposing mall properties.

Speakers:

Read More

Postponed: 2020 Summit on the State of Housing in Charlotte

The second annual Summit on the State of Housing in Charlotte has been postponed. This event will address the analysis of the "State of Housing in Charlotte" report, sponsored by Canopy Realtors® Association and include a comprehensive inventory of the current housing.

NAIOP NC Conference Postponed

New Conference Date Coming Soon...

Due to concerns regarding the COVID-19 outbreak, NAIOP has made the difficult decision to postpone our upcoming March 26th NAIOP NC Conference. Above all, the health and safety of our members and event attendees remains our top priority.

We are diligently working on a reschedule date and will notify all attendees of the new date.

Regarding Hotel Rooms:
Pinehurst Resort will automatically cancel your room and refund your deposit. Please call 1-855-318-2887 for questions regarding your room.

Regarding Conference Registration:
Your NAIOP NC conference registration will automatically be transferred to the new conference date. Once the new date is released and your schedule does not allow you to attend, refund requests will be honored.

For questions and concerns contact NAIOP Piedmont Triad Chapter at [email protected] or 336-379-0603.

Due to concerns regarding the COVID-19 outbreak, NAIOP has made the difficult decision to postpone our upcoming March 26th NAIOP NC Conference.

Above all, the health and safety of our members and event attendees remains our top priority.











Read More

Letter from Leadership

The NAIOP Charlotte leadership is closely monitoring the rapidly evolving COVID-19 outbreak. The health and well-being of our members is our top priority, and we are taking the threat of this virus seriously. After continued monitoring of events and reviewing protocol of other similar organizations, we have decided the responsible course is to adopt social distancing protocol for all NAIOP Charlotte activities through mid-April. We are doing this not only to protect you, your colleagues and our community. We are looking at manners to deliver programs remotely and encouraging small groups to meet virtually. The specific steps we are taking:

  • Programs and Events — All public events during this time, and some larger events that are scheduled to occur later, are postponed or provided with remote access, where is practical. As updates are available, we will post it to our website at www.naiopclt.org.
  • Committee and Board Meetings — All internal NAIOP meetings during this time will take place over video/ conference. NAIOP will provide group conferencing capability. If you determine that a virtual platform is not appropriate for your meeting, we will reschedule.
  • Stay Connected — During this difficult time, we will explore other ways to continue to do what NAIOP does: allow members to connect and share insights. If you have any ideas for online platforms, webinars, etc. please feel free to share with us.
  • And finally — Events and activities the middle of April will proceed with planning efforts, as this is a fluid situation.

The NAIOP State Conference in Pinehurst is postponed. We are working to gather more details about the new dates, transferring room reservations, and registrations. When we have more information, we will notify you as soon as possible. Updates will be available at www.naiopnc.org.

During these times, our NAIOP staff may choose to work remotely as well. You may call our offices at 704-940-7383 and leave a message and our team will return calls within 2-4 business hours, or reach out via email at [email protected].

Thank you for your understanding as we all cope with this difficult situation. You are what makes NAIOP a great organization and we are so very grateful for your support. If you have any questions, please reach out to the NAIOP staff and leadership team directly.

When Wellness Meets Commercial Real Estate

New research indicates a healthier indoor environment can help attract and retain employees — and make properties more attractive to investors.

When the new hire arrives at Webcor’s San Francisco offices, he hangs his commuter bike on the rack outside reception and ducks into the office’s freshly tiled shower. Later, he passes a living green wall, heads into the light-filled kitchen for a healthy breakfast, and moves to an adjustable standing desk designed for ergonomic comfort.

His employer recently embarked on an office renovation, investing in changes that earned a WELL building certification. The wellness attributes on display speak to the company’s underlying values of sustainability and health — and also to the competition among employers to lure and keep talent. In the evolving world of the wellness movement, both landlords and tenants strive to provide a healthy environment and to gain a market edge.

Click here to read more

Infrastructure on the Trail, Tax Policy on the Hill

As the Democratic candidates for president prepared for the Nevada caucus last weekend, several discussed infrastructure proposals during an event in Las Vegas.

Former Vice President Joe Biden, Sen. Amy Klobuchar, D-Minn., former South Bend Mayor Pete Buttigieg and businessman Tom Steyer all said they want to repair existing roads and bridges, but also invest in next-generation infrastructure projects. That would include high-speed rail and updated water facilities.

“The Democratic candidates proposing infrastructure upgrades said they would pay for them largely by undoing Mr. Trump’s tax cuts for businesses, along with a variety of other steps,” the Wall Street Journal reported. Upgrading American infrastructure is a priority issue for NAIOP this year.

Click here to read more.

Outlook for Election Year 2020: Positive … But With Slower Growth

Originally published on January 15, 2020.

In their own words, our industry’s collective wisdom believes it will be more difficult to compete for deals and talent in 2020 resulting in slower growth. The outlook for 2020 is overwhelmingly positive, but the legacy from the Global Financial Crisis remains, and our industry continues to run lean, preventing the surges in hiring expected in a market this hot. In 2020 this is exacerbated by “too much capital”. Too much capital chasing deals. And, starting in late 2019, for the first time in years, capital chasing talent, adding to the difficulty to compete in this hiring environment. The rise of New Growth Cities, where deals are traditionally done at a slower pace, also factors into the positive prediction for growth, but slower growth. Retail generated the most negative responses, but others believed it is the forefront of evolutionary and historical time in retail with new blood entering the marketplace. A new issue arose: As lawlessness and runaway crime continues not to be enforced, it destroys markets. Another concern: As a finance executive, I am a bit concerned with some of the assumptions driving transitional loans and the significant amount of capital raised for this strategy (especially late in the cycle).

Click here to read more.

Chasing the Unicorn: Why Industrial Developers Seek Out Elusive Urban Infill Sites

Originally published on February 12, 2020. 

I.CON: Industrial Real Estate

Bisnow interviewed Leslie Lanne, managing director at JLL and speaker at the upcoming I.CON Spring 2020, April 2-3 in Huntington Beach, California. See an excerpt of the article below, and register online for the biggest conference in industrial real estate.

What makes urban infill desirable? For infill properties to be attractive, cities need two factors: population density and vehicle congestion, JLL Managing Director Leslie Lanne told Bisnow in a recent interview. This combination provides a large group of consumers plus enough traffic to make it prohibitively expensive or time-consuming to deliver goods from larger suburban facilities.

Click here to read more.

Economic Impacts of Commercial Real Estate, 2020 U.S. Edition

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, “The Economic Impacts of Commercial Real Estate, 2020 U.S. Edition,” published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

Click Here to Read More.

NEW: Real Estate as a Service On-demand Course

Release Date: January 2020

This course will provide real estate professionals with an understanding of the latest trends and best practices for the real estate as a service model. Students will hear tips from experts in the real estate as a service world, have opportunities to respond to realistic scenarios, read case studies on successful real estate as a service spaces, and create an action plan for next steps in establishing their own real estate as a service space. Course modules focus on some of the most important aspects of real estate as a service, including the real estate as a service mindset, creating community, effective marketing, building design, recruiting a team and understanding finances and documents. Upon completion of the course, students will have a comprehensive understanding of the unique real estate as a service model, and gain critical knowledge to help them to succeed in establishing a real estate as a service space.  

Click here to read more. 

Stormwater Pollution Control Ordinance Changes Proposed by City of Charlotte

The City of Charlotte is considering several changes to the Stormwater Pollution Control Ordinance (SWPCO). They include the following:

  • Makes “Improper Storage, Handling, and Processing of Materials” a new and separate enforceable violation in cases where this can cause stormwater pollution; 
  • Makes “Failure to Comply” with requirements and directives set forth by the Director in an enforcement remedy a new and separate enforceable violation;
  • Makes “Violation of Non-Municipal NPDES Discharge Permit Limitation(s)” a new and separate enforceable violation in cases where a permittee’s discharge violates a permitted numeric discharge effluent limitation;
  • Makes the use, distribution, and sale of “Coal Tar” and “High PAH” pavement sealants a new and separate enforceable violation;
  • Increases the maximum potential civil penalty for each violation from $5,000 to $10,000;
  • Authorizes the City to place a lien on real or personal property owned by a violator for unpaid civil penalties, administrative costs, and/or abatement costs associated with an enforcement remedy.
  • Formally authorizes the Director of the department over the City’s NPDES MS4 stormwater permit to administer the SWPCO and defines responsibilities, delegates authority, and requires the development of administrative policies and procedures; and
  • Makes several minor wording changes to better define the meaning of terms and phrases
Click here to read more.

Landscape Architecture Can Help Reboot the Suburban Office Park

Published by James Heroux in the Winter 2019/2020 Issue

Activated outdoor spaces boost employee engagement and well-being.

Expensive housing in urban areas is sending millennials back to the suburbs, and they’re bringing refined expectations and lifestyles with them. At the same time, employers are questioning the rising costs of their own downtown office spaces, and they’re seeking more affordable locations.

As a result of the movement back to the suburbs, office parks are making a comeback, but this time with a modernity embraced by former city dwellers who prioritize lifestyle and community. (See related article.) Landscape architecture can play a vital role in the new suburban office park.

Click here to read more.