The Economic Developer Panel today was enlightening! A great luncheon covering collaborative efforts fore regional growth, positive attributes of the Triad, company recruitment, and much more. Thank you to Carolina Investment Properties and Wells Fargo for sponsoring. Ollie Chandhoh, Publisher of the Triad Business Journal did a fantastic job moderating the lively discussion.
The annual NAIOP Economic Impacts of Commercial Real Estate report is conducted for purposes of estimating the annual economic contribution of commercial real estate development to the U.S. economy. Highlights from the 2016 report include:
- Commercial real estate development supported 3.2 million U.S. jobs in 2015 (a measure of both new and existing jobs).
- Commercial real estate development contributed $450 billion to U.S. GDP.
- There were 429.4 million square feet of commercial real estate space built in 2015, with capacity to house 1.1 million new workers.
Read the Economic Impacts of Commercial Real Estate, 2016 Edition online, and learn more about how you can support the work of the NAIOP Research Foundation.
The full report includes detail by product type and impact on state economies. Read the full report.
We had a great crowd join us for the June 22, 2016 NAIOP Piedmont Triad Luncheon. Stan Kelly, CEO, Piedmont Triad Partnership, shared some great information on job growth in our region. Click here to view his presentation. Thank you to our event sponsor Pilot Environmental. We look forward to seeing you in August.
NAIOP members gave back to the community by volunteering their time on Monday, May 23, 2016 to help BackPack Beginnings to help them with their mission is to provide children in need with nutritious food, comfort items or certain basic necessities through the use of backpacks and other efficient means. Photos compliments of NAIOP member Madison Ridge-Canoy, US Lawns.
We had another packed house for the 2016 7th Annual Mayors Forum. Great discussion from Mayor Bencini (High Point), Mayor Joines (Winston-Salem) and Mayor Pro Tem Yvonne Johnson (Greensboro) on economic development plans to move the Triad forward. Some of the issues discussed included:
- planning and development ordinances that impact the real estate community
- promoting a “development” friendly reputation
- making the re-zoning process less intimidating
- how the Triad can attract industrial real estate users to our region
- the greatest threat to prospective local economic incentives
- Biggest obstacles for each Triad city over the next year
- the impact “Say Yes to Education” will have on Guilford County
and much more. Thank you to Ollie Chandhok, Publisher and President, The Triad Business Journal for moderating. Event was sponsored by: Frank L. Blum Construction Co, Davis Martin Powell & Associates, GEMCAP Companies, Linville | Team Partners, S&ME, Inc., Smith Leonard. Weaver Cooke | Kirkland.
On April 20 NAIOP Triad headed to downtown Greensboro to check out some of the newest and innovative designs in office space. Lunch was held at the Marriott downtown where we honored Hardin Halsey, Womble Carlyle Sandridge & Rice, LLP for his 26 years of NAIOP membership. After lunch, Allen Oakley, Charles Aris and Scott Riddle, Transplace gave us tours of their newly completed downtown offices. Check out the photos!
Thank you to our event sponsors – First Bank & Landmark Builders
Congratulations to NAIOP North Carolina winning the Legislative & Government Affairs award at CL&LR. A collaborative effort of all three NAIOP NC chapters.
NAIOP held our February luncheon on Wednesday, February 24, 2016 at the Embassy Suites in Winston Salem. The topic of convsersation was “Development Trends in Triad Area Downtowns”. Panelists were: Zack Matheny, Downtown Greensboro, Inc.; Randy Hemann, City of High Point; Jason Thiel, Downtown Winston Salem Partnership; and conversation was moderated by Bob Leak, Winston Salem Business Inc.
Over 100 CRE professionals came to hear the panelists discuss vision and place making (the importance of people’s patterns and how “place” drives activity) their vision for Triad downtowns, housing growth and retail development (when will we get a grocery store?), development issues (what do we need more of downtown?), historic tax credits, business improvement districts, job generation, and much more.