Originally published on October 10, 2024, by Ginger Meurer for NAIOP.

The ideal industrial real estate site criteria have evolved with the economy.

NAIOP, the Commercial Real Estate Development Association, has selected Crescent Communities as its 2024 Developer of the Year – the association’s highest honor. The award was presented during NAIOP’s CRE.Converge conference in Las Vegas this month.  

Originally published on October 9, 2024, by Marie Ruff for NAIOP.

“We’re in a really unique point in history in the sense that we have this huge demand curve for data centers at a time when we also have some constraints in power,” said Elissa Wilson, attorney, Vorys, Sater, Seymour & Pease, LLP, to begin a panel discussion on data center development at NAIOP’s CRE.Converge. “But the reason data centers are so important is they are fundamental to our modern economy. They’re fundamental to our way of life. They’re fundamental to every single transaction that happens online.”

Originally published on October 8, 2024 by Kathryn Hamilton, CAE for NAIOP.

Cold storage warehouses differ from traditional buildings in more ways than just temperature, and new technologies and trends are reshaping the sector as it grows.

Originally published on October 7, 2024, by Kathryn Hamilton, CAE for NAIOP.

Cold storage is a collective term that encompasses multiple types of facilities, agreed on the first panel at NAIOP’s I.CON Cold Storage this week in Las Vegas. A record-setting crowd of almost 700 professionals in the sector gathered for NAIOP’s second conference on the topic.

YOU ARE INVITED TO SHARE YOUR INPUT! Charlotte Future 2040 Community Area Planning Workshops continue this fall, and information shared at the workshops is available online through the "Supporting the Vision" Webtool.

Navigate through 5 virtual stations to learn about planned projects and available programs that will support future development. Then share your input about other needed projects and programs in your community via the surveys at the end of each page. Station topics include:

The City of Charlotte and Mecklenburg County are seeking members to fill vacancies on two important advisory committees.

ONE

City Council action established the City’s Alternative Compliance Review Board (ACRB) as a quasi-judicial board on June 17, 2024. This board will become effective no sooner than October 1, 2024 (more likely to be confirmed in November). The ACRB provides alternative compliance for certain design regulations based on the criteria found in Articles 35.5 and 37.1 of the Unified Development Ordinance. The ACRB will approve, approve with modifications, or deny requests for alternative compliance to select standards identified in the UDO for the applicable zoning districts. If interested, please get in touch with one of the following:

Originally published on September 18, 2024, by Aquiles Suarez for NAIOP.

On Sept. 10, in a speech given at the Brookings Institution of Washington, D.C., the Federal Reserve’s Vice Chair for Supervision Michael Barr announced that the central bank would be revising and re-proposing its bank-capital rules proposal commonly referred to as their Basel III Endgame Regulation. The regulation, first proposed in 2023, would have mandated a dramatic hike in the capital requirements on major banks and garnered intense criticism from the private sector, including from NAIOP and its real estate allies, who raised concerns about the negative impact the new regulations would have on the availability of credit for commercial real estate. In a clear victory for NAIOP and real estate, Barr made clear in his speech that the Federal Reserve (Fed) would be scaling back the regulation.

Originally published on September 6, 2024, by Veronica Grecu for NAIOP.

In 2024, the U.S. is set to achieve a new milestone in apartment construction: For the first time in history, the number of apartments completed in one year is anticipated to surpass the 500,000-unit mark. Developers are on track to complete over 518,000 rental units, which marks a significant 9% increase compared to 2023 and a 30% rise from 2022.

Originally published on August 24, 2024, by Veronica Grecu for NAIOP.

In 2023, the trend of transforming buildings into apartments saw a significant revival, nearing the peak levels of 2019 and 2020, as developers responded swiftly to the increased demand for housing after a two-year slowdown.

September 10 | 4:30PM - 7:30PM | The Hamilton

Join CREW Charlotte for its Alphabet Soup Networking event. Come network with colleagues from all of the local CRE Organizations!

This year we will have karaoke again so be ready to sing! Hear from some of the CREW Charlotte Board and other members and guests! Don’t worry, it is not required and is in a separate space so you only participate if you want to!

Originally published on August 7, 2024, by Eric Schmutz for NAIOP.

In June the U.S. Department of Energy (DOE) released the National Definition of a Zero Emissions Building (ZEB). This definition is the result of DOE and White House listening sessions held over the past year to obtain stakeholder concerns and feedback. 

The mission of the Real Estate & Building Industry Coalition (REBIC) is to catalyze positive outcomes for those working to create a healthy real estate market in the Charlotte region by using our voices to advocate, educate, connect, and advise. Subscribe to REBIC’s Two for Tuesday: quick reads and upcoming events in the region.

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For several years now there has been an ongoing dialogue among government leaders about how best to meet our transportation and mobility challenges within Mecklenburg County and throughout the region.  Last Friday an initial agreement was reached, and the following statement was issued to the media:

The Managers of Mecklenburg County, the City of Charlotte, and a majority of the six towns included within the County have successfully concluded meetings leading to the preparation of draft legislation enabling a countywide referendum on a one-percent local sales tax to fund mobility initiatives countywide, and the ability to establish a regional transit Authority.  

Originally published on July 16, 2024, by Alexandra Both for NAIOP.

The popularity of new homes built for the purpose of renting is peaking. Two drivers behind this boom are the rise of remote work and millennials reaching prime homebuying age while facing challenges in purchasing property.

Iredell County Commissioners recently directed staff to initiate a text amendment to its land development code that would have, among other things, limited density to one unit per five-acre parcel in some parts of the county.  The measure was drafted and presented to the Iredell County Planning Board during last week's meeting where it was considered and debated.  Some board members expressed concern about the adverse impact this amendment could have on housing affordability.  Ultimately, it was determined the proposal necessitated additional discussion and it was tabled for the time being.  We will continue to weigh in as the measure receives future consideration.   

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Originally published on June 27, 2024, by Jennifer Lefurgy, Ph.D. for NAIOP.

If an average person’s work hours were aggregated at the end of their career, it would total approximately 13 continuous years. Work consumes so much time and energy that if it doesn’t go well, it can become a psychological drain that impacts employee productivity and engagement. Numerous studies have shown that mental well-being at work is on the decline.

Originally published on July 24, 2024, by Ethan Harris for NAIOP.

From design/build condos to built-to-suit warehouses, one factor remains the highest priority regardless of the project type: the approach to upholding the highest level of safety. Although safety exists as a core value across all areas of the construction industry, the increased risk of serious injuries or fatalities persists. Construction workers are ranked number four on the United States Bureau of Labor Statistics list of occupations with the most fatality rates.

Originally published on July 29, 2024, by Malaika Rivers for NAIOP,

How many different commercial areas in your market are in transition? Maybe a professional or minor league sports team is considering a new mixed-use development, or an industrial area is attracting a growing residential community. On the flip side, perhaps the nearby office campus sits partially empty, or the local mall cannot attract shoppers the way it once had. These changes are familiar market landscapes to commercial real estate professionals, but they may not be as familiar with the tools to help maneuver these transitions.

The Charlotte Future 2040 Team is pleased to announce the release of the Annual Report Mid-Year Highlight video. This video showcases stories from their partners about progress toward implementing the Charlotte Future 2040 Comprehensive Plan. It serves to honor the hard work being done by various city and county departments.

The Mid-Year Highlight offers a snapshot of select projects and programs being implemented by their partners. Additional projects and programs will be featured in the upcoming Charlotte Future 2040 Annual Report. For more comprehensive information on the Annual Report, interested parties can visit the official website.