2012 NAIOP Charlotte Slate of Officers

This year, NAIOP Charlotte will join together at the Annual Meeting Luncheon on December 15th at the Bank of America Corporate Center’s 60th Floor to elect our new officers and directors. Below is the 2012 slate of officers up for nomination:

Executive Committee (Expiring in 2012)

  • President – Charles Jonas, Trinity Partners
  • President Elect – Scott Phillips, Bank of America
  • Secretary – Clifton Coble, Bissell Companies
  • Treasurer – Chris Thomas, Childress Klein Properties
  • Immediate Past President – Sean McDonnell, KDC Real Estate

Development & Investment

  • Past President – Trey Dempsey, Lincoln Harris

Directors (Expiring in 2013):

  • Massie Flippin, Liberty Property Trust
  • Chris Squier, Charlotte Housing Authority
  • Mark Thigpen, King & Spaulding
  • Chris Truitt, Cherry Bekaert & Holland
  • Karen Clark, Schaffer & Clark Law

Directors (Expiring in 2013)

  • Mike Harrell, Beacon Partners
  • Scott Wilson, Childress Klein Properties
  • Barry Leasure, Greer & Walker
  • Brendan Pierce, The Keith Corporation
  • Terry Brennan, Trinity Partners

Ex-Officio Members (Expiring in 2012)

  • Dustin Read, UNC Charlotte School of Real Estate
  • Joe Padilla, REBIC

National Board Liaison (Expiring 2014 – Ex-Officio)

  • Chris Kirby, Carleson Real Estate Company

Lease Rule Would Hit Profits

By: Emily Chasan, The Wall Street Journal

Retailers, banks and airlines, which often use long-term leases to add to their locations or aircraft fleets, are pushing back against a proposed accounting rule that would act as a drag on their profits.

U.S. and international accounting-standards setters appear ready to reconsider the proposed rule, which has emerged as the most controversial piece of their effort to overhaul accounting rules for leases. The outcome could influence the length of commercial leases, how fast some companies grow and how much exposure they might have to the real-estate market.

Wal-Mart Stores Inc., the world’s No. 1 retailer, and drugstore operators Walgreen Co. and CVS Caremark Corp. are among the big companies that could be hit hardest by the proposed rule, part of a long-term project by the U.S. Financial Accounting Standards Board and its overseas counterpart, the International Accounting Standards Board, to make balance sheets more accurately reflect a company’s assets and liabilities.

For the full article, click here http://on.wsj.com/tGDR67

2011 NAIOP Charlotte Annual Meeting | Dec. 15th

December 15, 2011
Bank of America Corporate Center | 60th Floor
5:30 pm – 7:00 pm

Join us December 15th on Bank of America Corporate Center’s 60th Floor, from 5:30 pm – 7:00 pm, for our Annual Meeting.  We will be electing our 2012 slate of officers and recognizing one of our industry’s brightest stars with our Award of Excellence.  Make plans today to join us for our last event of 2011!

For registrations received by Tuesday, December 13th, the cost to attend is $25 for NAIOP Charlotte members and $65 for non-members.  After 12/13, registration costs increase by $10.

Click here to register online.
Click here for a printable registration form.

If you have any questions about the Annual Meeting, please contact the NAIOP Charlotte offices at 704-940-7383 or send us an email at info@naiopcharlotte.org.

2011 Award of Excellence | Nominations Deadline is Tomorrow!

In an effort to recognize individuals who positively influence our community and industry, we are proud to announce the 2011 NAIOP Award of Excellence Program. In conjunction with NAIOP’s Annual Meeting, we hope you will join us for this exciting reception as we give out the NAIOP Charlotte Award of Excellence.

For an Award of Excellence nomination form, click here.

The award will be presented at the annual meeting and awards reception on December 15th at the Bank of America Corporate Center.

Award Judging Criteria
The recipient dutifully gives time and energy to a focused non-profit organization or community cause and humbly serves others in the community without concern for recognition or compensation.  The nominee champions the commercial real estate industry on a national, state and/or local level and passionately seeks to be an agent for change, even in the face of diversity. This person is seen as a real estate industry ambassador at any level of government or community.

Nomination Process
Complete the nomination form and mail or fax to the NAIOP Charlotte offices at 1300 Baxter Street, Ste. 360, Charlotte, NC 28204; fax 704-365-3678.  You can also email your nomination information to Theresa Salmen at Theresa@naiopcharlotte.orgDeadline for nominations is 12:00 noon on Tuesday, November 15, 2011.

NAIOP Charlotte Networking Event is This Thursday!

ACC Football:
Touchdown NAIOP!

Thursday, November 17th
6:30 pm – 10:00 pm
Belle Acres

Carolina Tar Heels vs. Virginia Tech Hokies, burgers, beverages and networking. Join us at Belle Acres for an evening out to catch up with old friends, make some new connections, and watch some football on the big screen.

The cost is $25 per person and includes hamburgers, chicken, all sides, desserts, tea, beer and wine (mixed drinks available through cash bar). Registration cutoff for this event is Tuesday, November 15th.

• For more information and to register online, click here.

Why It Matters

Tomorrow is Election Day, but if you’re like most Americans, it will be just another Tuesday. After all, why does it matter who we elect for City Council, Town Commission and School Board? Do these people really have any impact on our daily lives?

The answer, of course, is YES. In many ways, your local elected officials can impact your daily life far more than the Governor, your congressman, or even the President himself. Are you a homeowner who cares about your property tax rate and the resale value of your home? Then you should care who sits on your county commission, since they decide how much you pay each year. Are you a Realtor® who wants to sell more homes? Then you should care about what our Mayor and City Council are doing to attract more jobs and create a better economic climate for Charlotte.

Maybe you’re an apartment developer who had to pass on a project because burdensome stormwater regulations made it impossible for the numbers to work. Or a homebuilder who wants to make sure the City doesn’t pass rules dictating how much trim you’ll have to put on your front elevation. Maybe you’re a landlord who doesn’t want to pay a proposed registration fee on every rental property you own. Or a commercial broker who doesn’t want to lose a new retail tenant because of costly streetscape requirements that could kill a good deal.

Few industries are regulated as heavily as the real estate industry – and the bulk of those regulations are proposed, debated and approved by the people who sit on Charlotte City Council and local Town Boards. These elected officials can impact YOUR ability to make a living, pay your employees and provide for your family’s future. And YOU have a BIG say in whether or not they stay in office: all you have to do is VOTE.

So now that you know WHY it matters, you may be asking WHO should get your vote. That’s where we can help. While REBIC does not endorse candidates, we do provide financial support through SPPACE for those who we believe will be effective advocates for the interests of our industry. SPPACE, the Shelter Providers Political Action Committee, sends questionnaires to every candidate who qualifies to run and makes their responses available through our website.

And to make things even easier, we’ve created a handy 2011 SPPACE Election Guide, which you can download HERE. Just print it out and take it to the polls tomorrow for an easy reference on who SPPACE has supported in this critical election season. Even better, pass copies around to your colleagues at the office and around town, and remind them of how important their vote will be! Not sure where you vote? Just click HERE.

There’s not much you can do about the national economy, buyer confidence or the stock market. But by taking just a few minutes out of your day tomorrow, you CAN do something that will help create a better economic climate for your business, your industry, and for the Charlotte region as a whole. Get out and VOTE – because it really DOES matter.

Congratulations Dustin Read of NAIOP Charlotte

Dr. Dustin Read was recently accepted into the NAIOP Distinguished Fellows Program. This program is meant to provide mutually beneficial exchange of ideas on current topics in the industry.  

To learn more about the Distinguished Fellows Program, click here

Dustin Read currently serves as the Director of the Center for Real at UNC Charlotte, as well as a Clinical Assistant Professor in the Department of Finance. Before joining the University in 2007, he worked in commercial real estate investment sales, assisting clients in the acquisition and disposition of distressed retail assets.  Dr. Read’s teaching responsibilities include real estate finance, development and law at the graduate level and his research primarily focuses on the effects of public policy interventions in real estate markets.