NAIOP Source Updates 3/24

Showcase Your Environmental Leadership

Nominations are now being accepted for the 2015 Sustainable Development Award, NAIOP’s annual honor recognizing a commercial real estate developer for an environmentally-efficient and economically-successful property. Read More

Real Estate Takes Its Place as the Fourth Asset Class

When and why commercial real estate joined stocks, bonds and cash as a permanent institutional asset class. Read More

Economic Incentives and Protest Petition Reform Top Priorities in North Carolina

The three NAIOP chapters in North Carolina are working together closely to advance legislation to make the state more competitive. Their advocacy is making a difference. Read More

NAIOP Source Updates 3/19

The Promise of E-commerce: Impacts on Retail and Industrial Real Estate

A white paper released by the NAIOP Research Foundation says that as e-commerce sales continue their robust growth, manufacturers, transportation providers, distribution and fulfillment center operators and retailers are responding by changing the retail logistics chain. Read More

Awakening a Suburban Dinosaur

Strategic renovations by Liberty Property Trust transformed an aging office building in suburban Philadelphia. Read More

Congress Introduces Energy Efficiency Bills in Both the House and Senate

The bills include considerations that NAIOP has advanced to ensure that cost considerations, economic feasibility and return on investment analysis are considered as building code efficiency targets are created. Read More

NAIOP Source Updates 3/11

DOE Announces New Rating Program for Commercial Building Energy Efficiency

The U.S. Department of Energy is moving forward with a new online rating tool aimed at assessing the energy efficiency of a commercial building’s structure and equipment. NAIOP will continue to work with DOE to ensure the rating program remains voluntary. Read More

Private Equity Bountiful for CRE

Private equity real estate fund managers may anticipate an active 2015, thanks to an abundance of capital, confidence in improving real estate fundamentals and a wider net being cast in search of investment opportunities. Read More

NAIOP Source Updates 3/3

Congratulations to NAIOP’s E-commerce Project of the Year Award Winner

Trammell Crow Company has been named the recipient of this inaugural award recognizing excellence and innovation in e-commerce development for its development of the I-215 Logistics Center, a 1.25 million square foot industrial fulfillment center. Read More

 

Senate Finance Committee Holds Tax Reform Hearing

On Tuesday, February 24, the Senate Finance Committee held a hearing on comprehensive tax reform, titled “Tax Reform, Growth and Efficiency.” The four witnesses offered testimony on different approaches and considerations to keep in mind. Read More

Join Us for NAIOP’s Day at the Capitol March 24

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NAIOP Day at the Capitol

Tuesday, March 24, 2015
8:00 am – 2:00 pm
Raleigh, NC

Join us on Tuesday, March 24th as we head to Raleigh to meet with state legislators, providing insight into issues impacting Commercial Real Estate. Each NAIOP Chapter will establish meetings with key state leaders and legislators from our region.

As a member of NAIOP, this is a unique opportunity to make an impact. NAIOP is a respected voice for Commercial Real Estate development and our members bring real-life examples of the legislation that is being considered at the state level. Legislative talking points will be provided to participants in advance of the event.

Schedule of Events

8:30 am – Meet in the 100 Quad of the Legislative Building (click here for directions)
8:45 am – Legislative Visits (as scheduled by Chapter Leadership)

Registration

To confirm your participation, register by clicking here.

For more information or questions, please contact Theresa Salmen at
Theresa@naiopcharlotte.org
.

Net Demand for Industrial Space Shows No Sign of Letting Up

A report released today by the NAIOP Research Foundation says that net demand for industrial space could reach 242 million square feet in 2015, thanks to the U.S. economy’s accelerated growth through the end of 2014 and its robust indications of strength for 2015.

  • 2015 quarterly net absorption will average 60.5 million square feet.
  • 2014 industrial net absorption reached a near-record 224 million square feet – an 8 percent increase over 2014.
  • Asking rental rates steadily elevated in each quarter of 2014.

The report says that the consumer segment of the economy is looking healthier than it has since 2007, before the Great Recession. Retail spending has set new record highs almost every month, unemployment has hovered around the near full employment level of 5.6 percent as of December 2014, and there even appear to have been some gains in real wages in industries such as leisure and hospitality and information. Further, the recent decline in oil and gasoline prices offers a great form of stimulus to many lower- and middle-income families that will no doubt translate into increased consumer productivity.

Click here to download the report.
Click here to view the press release.