June 11, 2019

THE SOURCE News and Trends in CRE

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Welcome, New NAIOP Members!

In May, 260 commercial real estate professionals made the strategic decision to join NAIOP. Welcome these new members and see if they could become your new business partner!
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US Office Market Continues to Expand Ahead of Forecast

The U.S. office market posted 18 million square feet of net absorption in the fourth quarter of 2018 and 11 million square feet in the first quarter of 2019. Read the NAIOP Research Foundation’s Q1 2019 Office Space Demand Forecast for more details on why demand is forecasted to remain strong during 2019.
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Webinar June 25: The Battle over Property Taxes

Robert Gutierrez, president and CEO of CalTax, and Michael Lucci, vice president of state projects at the Tax Foundation, will lead a discussion on state and local tax structures and the impact of increased property taxes on commercial development and real estate. Register now for this members-exclusive webinar on June 25 at 2 p.m. ET.
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Prefabricated Wood Construction Shows Promise

The shortage of construction workers in America has continued to intensify and building material costs are rising, leaving architects with the difficult task of completing projects that meet demanding budgets. Development magazine explores an efficient, environmentally friendly way to build that could increase quality while reducing labor costs.
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Leadership Lessons for Megadeals and Recessions

At I.CON West 2019 last week, Molly McShane, COO for The McShane Companies, interviewed Phil Hawkins, former CEO of DCT Industrial Trust, for the opening keynote. Hawkins offered insights into the strategy behind DCT’s IPO and eventual sale to Prologis, where he’d invest in the industrial market today, and his thoughts on effective leadership.
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Day at the State Capital Comes to Raleigh

NAIOP works with chapters to engage with state leaders on legislative proposals and policies that impact commercial real estate.
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CRE Must-reads

The $8 Billion Property Tycoon Who Helped Shape Silicon Valley

National Real Estate Investor (June 7)
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Developers Built a 30-Story High-Rise. They Might Have to Chop Off 5 Floors.

New York Times (June 5)
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Healthcare Clinics Become Sought-After Tenants at Shopping Centers

National Real Estate Investor (May 31)
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Industrial Landlords Desperately Need Workers

GlobeSt.com – Subscription required (June 4)
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Online Grocery Sales Drive Massive Demand for Cold Storage Development in U.S.

World Property Journal (June 6)
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What Makes a Project For the Ages?

GlobeSt.com – Subscription required (June 6)
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Why Do Old Industrial Sites Make Such Good New Offices?

GB&D Magazine (June 7)
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