Permitting & Inspection Tips for Making Emergency Repairs to Commercial Property in Mecklenburg County

When commercial property is damaged unexpectedly, it can affect the security of the business and the safety of anyone who visits the property – owners, employees, and customers alike.

The situation can be stressful for everyone involved, and the ability to make repairs quickly is critical. Mecklenburg County Code Enforcement staff place the highest priority on the safety of our community and partnering with our customers to help them resume normal operations.

We understand that the first priority of any business owner will be to secure the property. After that, repairs begin. Many commercial repairs will require a permit and inspections of the work. In an emergency, our staff do everything possible to expedite those permits and inspections. Typically, repair permits are issued in 24 hours or less.

Tips for Commercial Owners/Property Managers

  • Most repair work that requires a permit will need to be done by a contractor licensed in North Carolina.
  • The permit will be issued to the contractor, and any required inspections will be coordinated through the contractor. The best first step is to select a contractor, who will be familiar with the process and will establish a scope of work.
  • Not sure if your repair work requires a contractor? Have other questions about the process? We have staff who specialize in commercial repair work available to answer questions and offer guidance. Contact our Commercial Technical Assistance Center (CTAC) – contact information below.

Tips for Contractors Doing Emergency Repairs

  • The quickest way to obtain a permit is to apply for a new permit using your online contractor login (webpermit.mecklenburgcountync.gov). You may also apply in person at our office, but processing may be slower than applying online.
  • Have questions about the scope of work or the process?  Contact our Commercial Technical Assistance Center (CTAC) – contact information below.

Commercial Technical Assistance Center Staff

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72 Percent of Foreign Investment Capital Flows to U.S. Office and Hotel Properties in First Half of 2016

In the first half of 2016, foreign investors in U.S. real estate put 72 percent of their capital in hotel and office assets. Based on transaction volume, apartments and industrial properties were the leaders, representing a combined 57 percent of direct purchases by cross-border capital, according to a Marcus & Millichap “Special Foreign Investment Report,” prepared and edited by Jay Lybik, vice president, Research Services.

The report stated that, “Large deals grab headlines. Considerable press is dedicated to high-profile acquisitions made by international investors such as the $1.95 billion purchase of the Waldorf Astoria in New York City by Chinese investors last year. However, the majority of the acquisitions tend to be smaller assets purchased through funds and domestic intermediaries.”

Nonetheless, Marcus & Millichap reported that total direct foreign investment in U.S. commercial real estate where the international buyer can be identified, “totaled more than $90 billion in 2015, accounting for 17 percent of the total U.S. commercial real estate dollar volume. Historically, international investment in the U.S. has averaged 9 percent of the total. The rising strength of the dollar has slowed the pace of foreign investment so far this year. However, international investors still accounted for an estimated 11 percent of the dollar volume of all U.S. properties sold in the first half of 2016,” according to the report.

Only 157 of 1,908 Existing Big-box Buildings Fully Vacant

Demand for industrial real estate in North America is exceptionally strong and nowhere is this more evident than in the big-box sector, according to Colliers International’s Logistics & Transportation Solutions Group’s 2016 Mid-Year Review & Outlook, “Big-Box Market Report.”

What constitutes a big-box building today? According to the study, a big-box building is an industrial building that is 300,000 square feet or larger; is primarily used for distribution; has ceiling heights of 28 feet clear or greater; and is made of pre-cast or tilt-up concrete construction.

“While 2015 was one of the strongest years ever for industrial real estate, 2016’s activity to date is astounding,” according to the report, which studied major industrial markets including Atlanta, Chicago, Dallas, Greater Los Angeles, New Jersey/Lehigh Valley/Eastern Pennsylvania and Toronto.

“Retailers, wholesalers and third-party logistics companies are consolidating multiple warehouses into larger state-of-the-art facilities located near population centers, ports and other major intermodal facilities. This consolidation is part of an overall supply chain overhaul to cut costs and more importantly meet the needs from the fastest growing demand driver in North America: e-commerce,” according to the report.

Here are seven key takeaways from the report:

  1. Demand for big-boxes remains exceptionally strong with only 157 of the 1,908 existing buildings fully vacant.
  2. A record 98 big-boxes totaling 60 million square feet (MSF) were added to the inventory in the past 12 months.
  3. 53.7 MSF were leased in the first half of 2016, up 10.7 percent year-over-year.
  4. Effective rents for the first half of 2016 were up 13.1 percent compared with the same period a year ago to $4.77 per square foot/year net lease.
  5. 44.1 MSF were completed in the first half of 2016 (57.9 percent speculative) versus 61.0 MSF in all of 2015.
  6. Strong interest from institutional capital kept capitalization rates low at 5.5 percent.
  7. Demand is expected to continue to outpace supply, creating lower vacancies, higher effective rents and positive absorption for the foreseeable future.

Smaller Cities Lighten up on Minimum Parking Requirements

By: Craig Lewis

Minimum parking requirements make it difficult to design and build places for people, rather than cars.

NOW IS THE TIME for planners, developers, designers, city officials and citizens to pledge to reduce the negative impacts of automobiles on cities and towns, beginning with the elimination of minimum parking standards.

Unlike the age-old axiom from modernist architects that decreed “form follows function,” the reality is that, for decades, North American communities have been subject to another assault: the dominance of the automobile. Its impact on every developed site has resulted in another axiom: “form follows parking.”

The influence of cars became firmly rooted in zoning and building codes decades ago. The resulting negative impact on urban form has been significant. Today, it’s not uncommon to see codes that exhaustively regulate every facet of a car’s existence, from the width of a homeowner’s driveway to the number and size of parking spots that must be provided at office buildings, shopping centers and practically everywhere else.

Click here to view the full article.

REBIC BBQ & Candidate Meet & Greet

Mark your calendar for REBIC’s Meet the Candidates BBQ on Thursday, October 13, 2016 at SMS Catering Facility. Click here to view the flyer.

A Political Pig Pickin’ featuring “Meet the Candidates”

Thursday, October 13, 2016
11:30 am to 1:30 pm

Tickets are $20 per person – all you can eat

Join REBIC to meet the candidates for NC General Assembly (Mecklenburg, Iredell, and Cabarrus districts), Board of County Commissioners (Mecklenburg, Cabarrus, and Iredell Counties), and Mecklenburg Register of Deeds.

For tickets and more information please contact Yvonne Case at (704) 940-3143 or yvonne.case@rebic.com. If you’re interested in being a sponsor, please contact Rob Nanfelt at (704) 940-3171 or rob.nanfelt@rebic.com.

To purchase REBIC BBQ tickets with a PERSONAL credit card, click on the Buy Now button below (you will then be able to pick up your tickets at the BBQ). This will then take you to PayPal. Simply enter in the number of tickets you wish to purchase and click Update. (You do not need to sign up for a PayPal account…just click on “Don’t have a PayPal account” link.) Enter your debit or credit card information, and then click the “Pay” button. After you make your purchase, a confirmation email will be sent to the email address if you provided one.

Buy Now Button with Credit Cards

Please remember: Personal donations only. Corporate donations/purchases cannot be accepted.

Please note this is a voluntary contribution. Proceeds benefit the Shelter Providers Political Action Committee Enterprise (SPPACE). SPPACE is a voluntary, non-profit, unincorporated political action committee of individuals and their families who are members of or are employed by, or affiliated with, the member organizations and corporations of REBIC and is not affiliate with any political party.

NAIOP Charlotte Battle of the Bands – Bands Announced!

 

 

2016 Battle of the Bands
November 10, 2016 | 5:30 PM | Visulite Theatre

NAIOP Charlotte presents the first annual Battle of the Bands on November 10, 2016 at The Visulite Theatre. This commercial real estate fundraising event benefiting The Harvest Center will “rock your world.” Three bands will battle it out for the title of Best Band at the year’s premier networking event. Great food, drinks and music.

Who will attend?
We expect more than 200 people to attend this event and support The Harvest Center. All are welcome to attend – it will be casual and entertaining, plus support an important community non-profit.

Event Sponsorship
Click here for Battle of the Bands sponsorship information.
Click here for Battle of the Bands sponsorship form.

Early Ticket Sales
Click here to register. $45 for NAIOP Members; $65 for Nonmembers.

NAIOP Charlotte Battle of the Bands

 

NAIOP Charlotte Battle of the Bands GOOD BONES
American rock band from Charlotte, NC made up of members Abigail Price, Robert Lee, Peter Stipicevic, Matt McConomy, and Ben Laun.

NAIOP Charlotte Battle of the BandsNAIOP Charlotte Battle of the Bands

 

 

NAIOP Charlotte Battle of the Bands GRIEVOUS ANGELS
Local Charlotte band comprised of members Joe Ciarlante, Tim Farney, Richard McDevitt, Reid Cathcart, Jim Gamble and Alicia Akima R Driver.

NAIOP Charlotte Battle of the Bands

 

 

NAIOP Charlotte Battle of the Bands ROADKIL
RoadKil jams an eclectic mix of rock, blues, and Americana led by locals Tommy Odom (bass, vocals), Carl Ballintine (guitar, vocals), Ted Lee (drums), Rosco Hood (guitar, vocals), and JT Thomas (harp, keyboard). Learn more.

 

 

NAIOP Charlotte Battle of the Bands 

NAIOP Charlotte Battle of the BandsA portion of the event proceeds will benefit The Harvest Center.

The Mission of The Harvest Center is to create an environment where Jesus Christ transforms members of our community to their full potential by providing food, clothing, housing, education, counseling, and recovery services.

The Harvest Center meets both emergency needs for food and shelter as well as long term needs through their transformational program. They serve over 1,000 of Charlotte’s homeless and low-income individuals every week, offering hot meals and giving out clothing and blankets on Tuesdays and Wednesdays. Their Food Pantry distributed groceries to over 30,000 individuals in 2011 and was the largest recipient of food from Second Harvest Food Bank. The food and clothing ministry attracts clients to The Harvest Center, where they are then able to develop relationships of trust and care so that the transformation process can begin. The Transformation Program provides temporary housing, counseling, job skills training, literacy and GED preparation assistance to its participants. Learn more.


Thank You to Our Rockin’ Sponsors

 

Rock Star Sponsors
Elliott Davis Decosimo
First American Title Insurance Company
Spectrum Properties

Super Fan Sponsors
Baker Audio Visual
Bass, Dunklin, McCullough & Smith, PLLC
Bohler Engineering
GreerWalker
HomeTrust Bank
Horack Talley
Rodgers Builders

 

The Biggest Impact to the Industrial Real Estate Market

By: Dr. Joshua Harris

Industrial Markets Exhibit Stability, Despite Turbulence

The U.S. economy in the first half of 2016 can be characterized as slowing but still growing, as GDP registered a revised 0.8 percent annualized growth rate in the first quarter and 1.2 percent in the second quarter (first estimate). Job growth also appears to be teetering, with a solid report released by the U.S. Bureau of Labor Statistics for July 2016 indicating an increase of 255,000 jobs (first release), exceeding expectations. This report was preceded by a strong reading for June of 287,000 jobs but a very weak report for May of just 38,000 jobs. This wavering could be signaling a slowdown, but it is too soon to tell. The consensus therefore remains that growth will continue to be positive and that the U.S. is not likely to enter into a recession in the near term.

The industrial market — performing just 3.29 percent above the prior forecast — maintained stability by growing an average of 62.4 million square feet each quarter in the first half of 2016. According to Dr. Hany Guirguis, Manhattan College, and Dr. Joshua Harris, University of Central Florida, quarterly net absorption for the next two years is forecast to average between 65.8 and 66.6 million square feet.

Click here to view the full article.