NAIOP: Commercial Real Estate Impact on U.S. Economy Grows
The impact of new commercial real estate development and of the ongoing operations of existing commercial real estate buildings in the United States continues to grow, according to the annual Economic Impacts of Commercial Real Estate, 2022 U.S. Edition, research study conducted by the NAIOP Research Foundation. The combined economic contributions of new commercial building development and…
LyonJay Announces New Joint Venture Company, Gaskin Banks
LyonJay announced their new joint venture company, Gaskin Banks. Gaskin Banks has joined together experts in land development to provide solutions that will better service institutional Build-For-Rent aggregators. The company’s main goal is to redefine land development by adding value and providing unmatched service, with a vision of bringing communities to life. By partnering with…
Choate Construction Tops Out Credit One Stadium in Charleston
Charleston, SC (August 4, 2021) The Credit One Stadium, formerly known as the Volvo Car Stadium, celebrates a pivotal construction milestone. During a topping out ceremony hosted by general contractor Choate Construction, project team members gathered within the demolished interior of the former stadium to watch as the last structural steel beam was lifted and…
A M King Completes Life Center for Simpsonville’s Historic Old Pilgrim Missionary Baptist Church
A M King, an Integrated Design-Build firm with an established presence in the Upstate, recently completed a new 11,505-square-foot Life Center for the historic Old Pilgrim Missionary Baptist Church in Simpsonville, South Carolina. The Life Center’s gymnasium, which features hardwood maple flooring and six automatic fold-up basketball goals, is ideal for hosting basketball and volleyball…
NAOIP Releases: Economic Impacts of Commercial Real Estate, 2021 U.S. Edition
Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, “The Economic Impacts of Commercial Real Estate, 2021 U.S. Edition,” published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and…
Epic Games Announces New Location for Company Headquarters
Epic Games, Inc. (“Epic”), Turnbridge Equities (“Turnbridge”) and Denali Properties (“Denali”) are pleased to announce an agreement to transfer ownership of the 980,000-square-foot and 87-acre Cary Towne Center to Epic, with the goal of converting the property into its new campus by 2024. The facilities will include both office buildings and recreational spaces, allowing Epic…
NAIOP Releases Commercial Real Estate Industry Sentiment Index
The NAIOP CRE Sentiment Index for September 2020 is 45, indicating that respondents expect unfavorable conditions for commercial real estate over the next 12 months. “Although industry professionals know more about how COVID-19 affects demand for commercial real estate than they did in the spring, uncertainty remains about when the economy will fully recover,” said Thomas J….
Southern First Bank to Build New Corporate Headquarters in Greenville, SC
Southern First Bank (NASDAQ: SFST), the largest bank headquartered in South Carolina, has announced plans to build a new corporate headquarters in Greenville, SC. The new headquarters, situated at the intersection of Laurens Rd and Verdae Blvd, will serve as a symbol and celebration of Southern First’s focus on the future of banking. The landmark project…
NAIOP Industrial Space Demand Forecast: While Long Term Growth Is Expected, Recession Will Have a Significant Impact on Industrial Real Estate Absorption Rates Into 2021
Although industrial real estate has outperformed other commercial property types this year due in part to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021, according to the NAIOP Industrial Space Demand Forecast, released today. Industrial net absorption is…
Negotiating with Tenants and Leasing Space During COVID-19
New report details best practices for office and industrial real estate During the COVID-19 pandemic, widespread mandatory closures and reduced consumer spending have hampered business operations and created challenges for some office and industrial tenants. Many of these businesses have asked building owners for assistance in the form of rent abatements or deferrals. The NAIOP…
