Originally published by Brielle Scott for NAIOP on September 30, 2020. 

In a recent keynote at the CORFAC International Virtual Fall Summit, Curtis Spencer, president of IMS Worldwide, discussed the rapidly evolving trends that are affecting all sectors of commercial real estate, including supply chain shifts, increasing demand for cold storage, reshoring and more.

“New supply of industrial space outpaced demand in 2019, but because 2018 was a record year for industrial absorption, absorption numbers for 2019 appeared low, as much-needed industrial supply finally caught up to tenant demand,” he pointed out.

Industrial real estate operators expect the redistribution of consumer supply chains due to the coronavirus pandemic to drive a new surge in warehousing demand. A push for supply chain resilience will lead to a projected additional 750 million square feet of industrial space in the U.S. alone, as companies look to foster safety stock of inventory.

Click Here to Read More

Originally published in October 5, 2020, Real Estate & Building Industry Coalition Newsletter.

City Bond Campaign Weekly Update

Click Here for More Information

Originally published in October 5, 2020, Real Estate & Building Industry Coalition Newsletter.

Originally published in October 5, 2020, Real Estate & Building Industry Coalition Newsletter.

REGISTER TO VOTE— https://www.ncsbe.gov/registering 

**This page also includes resources to assist you in checking your registration status, polling location, and receive a sample ballot for your area.

REQUEST AN ABSENTEE BALLOT — https://www.ncsbe.gov/voting/vote-mail

 Upcoming Events

• Thursday, October 8, 2020
  

  DL Virtual Happy Hour: Charlotte Regional Business Alliance and the Real Estate Community - Partnerships and Initiatives
  Join your peers for a virtual happy hour to learn about the Charlotte Regional Business Alliance, its initiatives, and how the organization's efforts are impacting commercial real estate in Charlotte and the overall region. This event is open to NAIOP Charlotte Developing Leaders only.

• Tuesday, October 20, 2020 
  Tracking Trends and Tangents as We Reimagine Our Post-Pandemic Economy (and Lives)
  As COVID continues to take a toll on the world, come learn about real estate repurposing, relocating people and companies, reshoring, remote everything, robots, ROI, and rising risk during this virtual event on the state of the economy and gain insight into what it will now look like over the next couple of years. Thank you to our Event Sponsors: Rodgers Builders, Inc. │ The McIntosh Law Firm.

News

NAIOP Fall Membership Promotion

Thank you to everyone who came out on Monday, September 28, for the NAIOP Charlotte and CRCBR Annual Golf Tournament at Carolina Golf Club. Congratulations to all of our tournament winners!

View Photos

Check back for more photos coming soon!

GROSS Winners

• AM Flight (54) Wesley Walls, Chase Rose, Chris Rogers, Chip Pope
• PM Flight (54) Barry Fabyan, Tom Fitzgerald, Stephen Woodard, Charley Leavitt

• AM Flight (57) Derek Mathis, John Hunter, Sloan Kormelink, Gary Creed
• PM Flight (55) David Truesdale, Pat Nolan, Sean DeLapp, Mike Massardo

• AM Flight (60) Gary Cline, Timothy Griffin, Caleb Phillips, Michael Byrd
• PM Flight (56) Charles Blankinship, Steve Gosselin, John Hunter, Charles Jonas

NET Winners

• AM Flight (48) Jake Bachman, Kevin Ammons, Cam Barradale, Blake Bickmore
• PM Flight (46) Tom Planishek, Jim Thorpe, Stephanie Spivey, Taylor Ferguson

• AM Flight (50) Joey Morganthall, Keely Hines, Sara Hogan, David Larr
• PM Flight (48) Dan Heath, Brett Phillips, Greg Welsh, Donny Hicks

• AM Flight (52)  Brad Loman, Jonathan McLester, Jimmy Penman, Trip Harris
• PM Flight (50) Will Caulder, Clifton Coble, Mike Fahey, Rob Hinton

Contest Winners

• AM Flight Wood Britton
• PM Flight Barry Fabyan

• AM Flight Michael Byrd
• PM Flight Wall Caulder

• AM Flight Chase Rose
• PM Flight Stephen Woodard

• AM Flight Sara Hogan
• PM Flight Jessica Brown

• AM Flight Carter Sorrells

Originally published on September 29, 2020, by NAIOP E-Newsletter

U.S. lawmakers came to an agreement last week on a short-term spending bill to keep the government funded through Dec. 11. The stopgap measure was passed by the House last Tuesday and is expected to be cleared by the Senate and signed by President Donald Trump this week. The bill ensures the government will not be shut down come to the Oct. 1 deadline, the start of the new fiscal year. But its expiration date also sets up a likely fight over funding in the lame-duck congressional session following the November elections. 

Click Here to Register

Originally published by Ron Derven in NAIOP's Fall 2020 Issue

The cover story features NAIOP’s 2020 Developer of the Year, Kilroy Realty Corporation, and explores the office of the future, the industrial sector post-COVID, construction trends, notable deals and developments, and more. Read the full issue online or download a PDF version to browse anywhere. 

Click Here to Read More

Originally published by Henry D'Esposito on September 24, 2020.

In 2019, private construction spending had slowed in the U.S. for the first time since the last recession. Then, at the beginning of 2020, construction was growing at a slow, steady pace. Suddenly, the COVID-19 pandemic hit, creating instability across markets and property types.

Even in cities and states where construction was not shut down because of the pandemic, stay-at-home orders created challenges for operating building sites. From March to June, those shutdowns and stay-at-home mandates covered most of the U.S. and impacted a large majority of job sites. Infection rates and varying government responses were the primary cause of slowing construction, and whether or not a market was forced to shut down, construction had a large impact on spending. Of the seven states that issued a shutdown order, the average length of those shutdowns was 41 days. And while the long-term effects in markets with shutdowns are not expected to be severe, work levels remained lower in those markets even after construction resumed, as opposed to markets that did not shut down.

Click Here to Read More

Originally published by Gail Kalinoski on September 25, 2020.

The study expects office sector recovery to be slow, but employment will eventually help spur improvements in absorption, vacancy, and rental rates.

A new report from Cushman & Wakefield examining the global impacts of the pandemic on commercial real estate predicts office leasing fundamentals will be significantly affected for years to come with increasing vacancies and decreasing rents. Vacancy will peak in the U.S. in the second quarter of 2022 and return to pre-crisis levels by 2025. The work-from-home trend, which will continue and permanently double, is expected to slow recovery more than recent recessions.

Originally published by Kelsi Maree Borland on September 28, 2020.

Join your peers for a virtual happy hour to learn about the Charlotte Regional Business Alliance, its initiatives, and how the organization’s efforts are impacting commercial real estate in Charlotte and the overall region.

Special Guests:

Allen Clark, Manager, Business Development, Charlotte Regional Business Alliance
Steven Pearce, Senior Vice President, Business Recruitment, Charlotte Regional Business Alliance

Registration:

This is a free event, available only for NAIOP Charlotte Developing Leaders. Pre-registration is required by noon on 10/8. Zoom information will be sent by 1 pm on 10/8.

Click Here to Register

Originally published by Trey Barrineau on September 22, 2020  in tNAIOP Summer 2020 E-Newsletter.

The COVID-19 crisis shut down many businesses, reducing cash flows for building owners, and creating challenges in paying mortgages. Lenders are offering forbearance agreements and other loan modifications to borrowers so they can avoid defaults, but what is involved? Development magazine details important advice for borrowers who own buildings where tenants are in trouble.

Cick Here to Read More

As COVID continues to take a toll on the world, come learn about real estate repurposing, relocating people and companies, reshoring, remote everything, robots, ROI, and rising risk during this virtual event on the state of the economy and gain insight into what it will now look like over the next couple of years. Submit questions in advance here.

Our Presenter

Ted Abernathy is the Managing Partner of Economic Leadership LLC, a consultancy that is currently working in more than a dozen states to develop economic and workforce strategies. Ted has 35 years of experience in directing economic development and workforce development programs. From 2008-2013, Ted was the Executive Director of the Southern Growth Policies Board, a 42-year old public policy think tank that provided economic development research, strategy, and marketing advice, to states and communities across the South. He also served as an economic development policy advisor to the Southern Governors Association. Read More.

Registration

Click Here to Register

Questions

CREW Network’s fourth benchmark study measures progress for women over the last 15 years and benchmarks diversity, equity, and inclusion in the industry.

Executive Summary

The purpose of this study is to guide women, Black, indigenous and people of color (BIPOC) and other diverse groups of people striving to advance their careers in the industry, inform companies and managers about the values and priorities of their employees, and enhance the research and data for organizations that desire greater diversity, equity and inclusion (DEI).

This project, in partnership with the MIT Center for Real Estate, is made possible by Capital One Commercial Banking, CREW Network Industry Research Program Partner and leading underwriter of the 2020 study.

Read the Study

Originally published by Nate Berg for FastCompany.com on September 10, 2020.

Alums of real estate juggernauts Cushman & Wakefield and JLL are betting that the future of commercial real estate lies in not just selling office space, but designing and building it, too.

With the pandemic placing a large question mark over the future of offices and commercial buildings, two leaders in the world of commercial real estate are making a pivot that could show how the industry might adapt. They’re betting that the future of office real estate lies in not just selling the office space, but designing and building it, too.

Click Here to Read More

Become A Sponsor

Note: NAIOP Charlotte Cornerstone Sponsors (Capstone & Archstone Levels) and CRCBR Alliance Sponsors (Chairman & Corporate Associate Levels) are confirmed as hole sponsors.

Questions about sponsorship?
Contact the NAIOP Charlotte office at 704-940-7383 or by e-mail at [email protected].

Originally published on September 9, 2020, by NC Rep. Jay Adams District 96

Below is a press release from NC Representative Jay Adams regarding the announcement of the passage of NC House Bill 1105 that will directly provide positive economic impact for Catawba County and Future Jobs.

Recently House Bill 1105 The Coronavirus Relief Act was signed into law that will have lasting impact on the United States, North Carolina and the Catawba Valley. Within the $1.1 Billion bill there is a $14.3 Million appropriation to the City of Conover and Gaston County to fund the establishment of facilities that will bring the research, development, and manufacture of Personal Protection Equipment (PPE) to North Carolina.

During the early days of the pandemic the US relied on suppliers based in China for a number of PPE items including, but not limited to, a variety of mask and garments used in hospitals and care facilities. As you may recall, China restrained delivery of some of the products due to their internal demand for the products and later used them for leverage in various negotiations.

It's time once again for Business North Carolina's annual Building NC Awards--for commercial real estate projects with the greatest impact and most innovative designs, to be featured in our November issue.  Use this opportunity to promote your business and know there is still time to submit nominations to: https://businessnc.com/building-nc/. 

Submit Your Nomination