2014 Annual Meeting Registration is Now Open

2014 Annual Meeting
Monday, December 15, 2014
Levine Museum of the New South
5:30 pm – 7:00 pm

Toast the season with NAIOP Charlotte! The 2014 Annual Meeting will celebrate another successful year, present the annual award and elect the 2015 slate NAIOP Board. We look forward to spreading the holiday cheer networking, connecting with our NAIOP friends and colleagues.

The NAIOP Award of Excellence will be presented to an individual that 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. He or she 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.

Registration

This event is complimentary* for NAIOP Charlotte members who register by Monday, December 8th. Beginning Tuesday, December 9th, a registration fee of $25 will apply for members. Non-members can pre-register for the event for $35 until Monday, December 8th; the non-member fee will increase to $45 on December 9th.

*Members who register before the cut-off date but do not show up for the event will be invoiced for $15.

Click here to register!

Location/Directions

This event will be held at Levine Museum of the New South, 200 East Seventh Street, Charlotte, NC 28202. Click here for directions.

Questions?

If you have questions about the 2014 Annual Meeting, please contact the NAIOP Charlotte office at 704-940-7383; or email us at info@naiopcharlotte.org.

Save the Date: 2015 Statewide Conference

save the date final

Pop-Up Businesses Surge

What segment of the U.S. economy has grown into an $8 billion industry with a 16 percent annual growth rate, according to the Alexander Babbage Inc. market research firm? The answer is pop-up businesses, also known as “temporary retail.”

“Temporary” may be the key word in this description, in light of a new trend of pop-ups in temporary venues or as self-contained units. Whole Foods, PNC Bank and an Angelika Film Center are three unique pop-ups emerging in neighborhoods.

Read more in the fall issue of Development magazine.

NAIOP Submits Comments on Controversial Waters Rule

NAIOP submitted comments last week to the Environmental Protection Agency (EPA) and the Army Corps of Engineers (Corps) in response to their “Waters of the United States” Rulemaking.

The Proposed Rule, which was first published in the Federal Register on April 21, aims to clarify which water bodies in the United States receive federal protection under the Clean Water Act. Controversy from the rule predominantly stems from the new definition of “tributary,” which includes man made ditches. Also of concern is whether the new tributary definitions will pertain to certain erosional features, namely dry arroyos, in the arid West.

NAIOP has met with senior officials at EPA numerous times over the last several months to clarify many aspects of the regulations and offered revisions to clarify and change numerous sections of the Proposed Rule. At NAIOP’s request, the EPA created a Q&A document to show its intent on some of the more controversial aspects of the rule. Our comment letter is a culmination of those points that have been previously suggested during discussions as well as a refining of the exemptions expressed in EPA’s Q&A document.

The final regulations are scheduled to become official sometime in the spring of 2015. It remains to be seen how many of NAIOP’s suggested changes will be incorporated in the final rule, but NAIOP will continue to meet with EPA and the Corps in the preceding months to ensure that the interests of commercial real estate are considered.

Commercial Real Estate Hiring on Record Setting Pace

Job opportunities in commercial real estate enjoyed the best summer ever, exceeding previous highs set in 2007, as hiring built on momentum from the first half of this year, according to the Cornell/SelectLeaders Job Barometer.

Analysis shows 3Q opportunities up 23.3 percent over the same period one year ago, and 43.5 percent more postings than in that quarter of 2012. July also saw the third-highest single month total so far this year, behind only the figures from May and June.

The Job Barometer, a joint research effort between Cornell University’s Baker Program in Real Estate and the SelectLeaders Real Estate Job Network, has tracked job opportunities and career trends in commercial real estate since 2006.

NAIOP has a partnership with SelectLeaders – the industry’s top resource for job postings and career-related resources. Visit them online to find current openings in real estate positions across the nation; job alerts to email you when a job that meets your criteria is posted; career resources, including resume tips, hiring trends surveys and salary resources; and a job board to post openings.

NAIOP’s Legislative Agenda for the Remainder of 2014

Last week’s midterm election set the clock running for the lame duck session. Republicans took control of the Senate and retained control of the House, which means that more legislation is likely to make it to the president’s desk and not be held up in the Senate. This creates opportunities for negotiation and compromise.

In a statement to NAIOP member last week, President and CEO Thomas Bisacquino made it clear that, for commercial real estate, work carries on. NAIOP remains focused on two critical issues that are expected to be addressed before Congress adjourns in December.

  • Terrorism risk insurance (TRIA). Renewal of this federal program is critical to ensuring that coverage for property losses from acts of terrorism will be included in insurance policies — something required by most lenders, especially for buildings or structures in major cities. Delaying action on extending TRIA is an unnecessary disruption to the industry’s capacity to grow, and NAIOP calls on Congress to pass a long-term extension of the program.
  • Tax legislation. Included among the 55 expiring or expired tax provisions is the reduction of leasehold improvement deprecation to 15 years. The current depreciation period of 39 years is counter to the reality of the marketplace and is an inequitable tax on the industry. NAIOP advocates for the provision to be extended or made permanent.

With Congresses return to Washington, D.C., this week, NAIOP will be working to accomplish these important pieces of legislation and is committed to advocating on its members’ behalf.

See the Economic Impacts of Commercial Real Estate

Commercial real estate development generates key economic benefits and helps drive the economy. New development and spending for office, industrial, warehouse and retail contributed $376 billion to GDP in 2013, supporting 2.8 million jobs with wages and salaries of $120 billion. Watch this video produced by the NAIOP Research Foundation and see how commercial real estate development positively impacts the economy. Read More