What You May Have Missed

at the May Breakfast Meeting.

On May 16th, NAIOP Georgia held its May Breakfast at the Renaissance Atlanta Waverly Hotel.  A panel discussion on “Capital Market Strategy in industrial development through the lens of REITs, merchant developers and fee developers” with Chris Brown, Senior Vice President, Duke Realty; Frank Fallon, Vice Chairman, CBRE; Mike Gray, President and Chief Operating Officer, Ridgeline Property Group; Hamilton Reynolds, President – Industrial Division, Taylor & Mathis and Moderated by: Charlie Fiveash, Senior Director, Lavista Associates.

Click here to see the video of the event.

What You May Have Missed at the NAIOP Million Dollar Club Awards

NAIOP Million Dollar Club Awards

On March 8th, NAIOP Georgia held it’s 25th Annual Million Dollar Club Awards.  For those of you who could not make the lunch, we wanted to share a few things you missed:

Three industry legends have been in the NAIOP Million Dollar Club for all 25 years.  Bruce Logue, Avison Young, Kay Younglove, JLL and Chet Koenig, Avison Young were on hand to accept their special award.

For our Million Dollar Club, here are our top winners.  Congratulations to all!

Office Winners:
1.    Travis Garland
, Portman
2.    Christopher Ahrenkiel, Selig Enterprises
3.    John Bell, Regent Partners, LLC
4.    Mike Wells & John Grimsley, Highwoods Properties (tie for #4)
5.    Christopher Port & Jeff Keppen (not pictured), CBRE, Inc. (tie for #5)    

Industrial Winners:
1.    Doug Smith
, Seefried Properties, Inc.
2.    Wes Hardy, Duke Realty (not pictured)
3.    Chet Koenig, Avison Young
4.    Joseph Kriss, Seefried Properties, Inc.
5.    Ryan Hoyt, Prologis (not pictured)

Click here for a video of the event, and click here to see all of our MDC participants.

Here’s What You Missed

at the NAIOP Georgia January Breakfast


NAIOP GA President, Mike Wells, Highwoods Properties, kicked off the meeting by firing up the crowd. After showing the now-famous, Samuel L. Jackson Falcons RISE UP video, Mike bounded on stage in his Falcons jersey. Mike was at the conference championship and said of his experience, “It was the loudest I have ever heard the dome…John Grimsley even said it was louder than the Taylor Swift concert!”  Mike went on to say:
  • One thing that struck me as I enjoyed the crowd both inside and outside the dome – Just how Diverse the crowd was and what great representation of our city it was – All cheering for a common goal!
  • As we close this chapter on a challenging election season, I hope we can rise up and embrace the unity as we move forward together. And, as we move forward together, we are going to embrace what we do…
  • Educate – We want to reinforce why Atlanta is one of the best business destinations in the world and how technology is going to continue to improve us.
  • Support Government Affairs – on both the local & national level – look to solutions to challenges that impact and challenge our industry.
  • Continue our Philanthropic Endeavors – directly impacting lives in our community.
  • Diversity – Recognize the continued need for increased diversity in our CRE community and continue to strive for solutions.

Mike spoke to the success of the NAIOP Xtreme Room Makeover Challenge in December. He thanked everyone for their participation (over 60 NAIOP members directly participated) in this life changing endeavor. He went on to specifically thank Brian Kennedy and Occupied Renovations, Brad Kinzey and Kinzey Construction, Shaw Carpets, Rupert Landscaping and Travis Vickers and BoggsVickers Architects for their amazing contribution.

Mike then brought up NAIOP Future Leaders director, Stephen Clifton, PMRG, who introduced the 2017 group: Rupam Banerjee, Ryan; Gregory Boler, Ridge Development Company; Laura Friddell, Patterson Real Estate Advisory Group; Maximillian Gutierrez, Urbana Realty Advisors; Reeves Henritze, Colliers International; Tyler Jones, Rockefeller Group; Andrew Myers, Brasfield & Gorrie; Kaity Noone, The Brookdale Group; Keenan O’Brien, Eastdil Secured; Joshua Stephens, Georgia Dept. of Econ. Dev.; Heidi Swygert, KDC Real Estate Development & Investments; Will Weston, CBRE; Ryan Woods, Beck Group.

Next, NAIOP VP Governmental Affairs, Charlie Fiveash, Lavista Associates, introduced our keynote speaker Thomas J. Cunningham, Ph.D., Chief Economist, Metro Atlanta Chamber.  Some key points that Tom made were:

  • The 29 county Atlanta MSA is similar to Ireland in terms of economic size.
  • Low interest rates have helped improve “Debt to Income” ratios, so Atlanta is in a better economic position today than the pre-recession era.
  • 70% of US GDP is tied to personal consumption/consumer spending.
  • Georgia’s GDP is 2% of the US GDP and Atlanta’s job creation is on track to create the same number of jobs in 2017 as last year.
  • Infrastructure improvements, a bi-partisan effort in Washington, will help improve the US economy in 2018 – with less impact in 2017.

Here’s What You Missed

at the June Breakfast Meeting:

Denise Sterling, Livable Buckhead

  • Updates on the important items that Liveable Buckhead is working on:
  • The number of single family homes has remained stable, but multifamily has changed significantly (100 percent increase) in the last 15 years
    • Multifamily is 60 percent apartments and 40 percent ownership
  • Buckhead is getting younger and older at the same time – lots of families are moving in
  • Jobs-to-housing imbalance: daytime population doubles residential base, 94 percent are coming in from somewhere else
  • Rezoned for the village and commercial core
  • Greenspace plan: added 40 acres of greenspace in the last four years, goal is 106
  • Office recycling program: 100 tons of recyclables are diverted from landfills each month
  • 41 major buildings are participating in the Better Buildings Challenge to reduce energy consumption
  • Alternative transportation: bike share by October
  • Path 400
    • 5.2 mile multi-use trail
    • Connects to the BeltLine near Lindbergh and goes up to old toll-plaza
    • 38 percent complete/under construction by September
    • Part of 285/400 Interchange project
    • Takes the BeltLine outside the Perimeter
    • Extensions will include one up to Sandy Springs and another to the Lenox MARTA Station
    • First ½ mile is being used by a very diverse group of people
  • Master Plan
    • Transportation, development, population, etc. will be looked at for how to prepare for the future
    • First master plan in 15 years

Michael Pelt, MDH Partners – Moderator
Kerry Armstrong, Pope and Land Enterprises
Tim Keane, City of Atlanta
Amanda Rhein, MARTA

  • Atlanta will absolutely grow: Atlanta Region’s Plan
    • Next 25 years:
      • We’ll grow in the 10 county region by 2.5 million
      • Population will diverse (Hispanic population will double)
      • Population will age
      • Changing the permitting process in Atlanta
  • How do you design an Atlanta for the level of development we need for the projected growth?
  • MARTA is partnering with developers to change underused parking lots in great locations into Transit Oriented Developments
    • 6 projects underway right now
  • Is Atlanta still the poster child for sprawl?
    • Indications of change
      • 2010-2014: population increased by 9 percent
      • 2015-2016: City of Atlanta has issued 25 percent of all permits within the region
      • Demand for walkable places
  • We want to make a great city, we have to work together and guide it to make it a better place to live
  • How important is education with millennials eventually having kids?
    • APS is part of the Atlanta Region’s Plan
  • Positive changes
    • ITP will be so different that there won’t be a mass-exodus of millennials to the suburbs once they start having families
  • Is MARTA where it needs to be for TODs to be successful?
    • Goals:
      • Increase ridership
      • Generate new sources of revenue (sale and lease of MARTA land to third party developers)
      • Support local community development and regional economic development
    • Keith Parker has vastly improved MARTA
    • MARTA referendum (expansion/tax vote in November) is important to expand MARTA (tax is expected to generate $2.5 billion)
  • Atlanta Aerotropolis Alliance
    • Airport importance is astronomical – economic engine
  • Atlanta has a lot to do
    • Lots happening privately, but the city needs to be better
      • They regulate a lot of things, but want to align those regulations with what it takes to make a better city
      • More collaboration between private and city
    • City Studio – urban design studio at Ponce City Market to work on design of the city
    • We don’t want to import ideas from other places
    • Realign to concentrate on the architecture of the city
  • Midtown traffic solutions
    • Midtown Alliance is working hard on solving this
    • Well positioned to become a great urban place, but it has to be oriented toward pedestrians/bicyclists/transit
    • Don’t try to make cars go faster like we’ve done in the past – we need to slow them down (for pedestrians)
    • It’s all about safe access and mobility for people and goods
    • Better to have a traffic problem than no traffic at all

Here’s What You Missed

at the May Breakfast Meeting.

IMG_9344 preNAIOP GA President, Dwight Bell, Cannon Equities; John Rooker, Rooker; Jim Irwin, New City; Mark Toro, North American Properties; NAIOP GA VP Programs, Caroline Nolen, Cushman & Wakefield; Kris Miller, Ackerman & Co.

“Leveraging Location and Creativity for Successful Development”

Kris Miller, Ackerman & Co., moderated and started the conversation talking about innovation. Most in our industry don’t have the luxury of being creative and innovative, but when we can – the payoff is huge. Here’s what our panelists had to say:

Mark Toro, North American Properties:

  • Even more important than the “hardware” in his developments is the “software”.
  • At Atlantic Station, he spent time reprogramming and working on the software aspect to bring in energy and activity to the development.
  • Avalon was his ground-up development opportunity, and he again focused on social media, programs and ultimately being an energy mecca.
  • Colony Square: He now wants to make it Midtown’s living room, by making it a public space. If the backyard is Piedmont Park, Colony Square can be the living room. With so much energy in Midtown, he needed to pull it into the development.

Jim Irwin, New City:

  • Jim brought up that the city is experiencing “self-selected densification” – as is the case with Avalon, Colony Square and his development.
  • Working on Ponce City Market, he became very familiar with all aspects of Old Fourth Ward.
  • Kroger noticed all of the activity happening around it, but it was being left behind.
  • Jim agreed that it wasn’t just about the physical structure, it’s about experience.
  • He thinks people want to see an alignment between where they live, work, shop, play, etc.
  • He mentioned 725 Ponce saw the Atlanta BeltLine as its front door, which was interesting; considering Toro called Piedmont Park Colony Square’s backyard.
  • They’re right below $400/sf development.
  • Of course, they all agreed the BeltLine was transforming the city.
  • Even though experience is king, the metrics of the developments still matter a great deal.

John Rooker, Rooker:

  • Regional Malls were just no longer a destination.
  • Shannon Mall had been shut down for about 3 years already, though declining for longer, when Rooker came on board.
  • He thought it was a perfect location for industrial.
  • The mall was previously an economic driver for Union City, so he wanted to uphold that moving forward.
  • A few film industry guys took him to lunch one day, which launched three buildings being developed specifically for the film industry; one being the largest purpose-built sound stage in North America.
  • Understanding the film business was most time consuming during the project, but he had to in order to create this experience.
  • He essentially created a new community in an existing community, and he’s now seeing restaurants and other industries coming back to life in the area.
  • He had to be ultimately flexible as far as creating these buildings for the film industry, and he tried to always answer yes.

While you must have your metrics and building “bones” together, focusing on the software, programming and experience factor of your development will allow you to creatively create a destination and better “place,” to which tenants and visitors will flock.

Here’s What You Missed

at the School Challenge:

This year’s School Challenge was certainly memorable, as we had three schools competing for the coveted shovel: Emory University, Georgia Institute of Technology and the University of Georgia.
The case statement for this year’s Challenge focused on Building an Industrial Property Portfolio. What are prevailing market conditions in Atlanta’s industrial sector? What are the most important market drivers? What is the optimal investment strategy to deploy $50 million in industrial properties in metro Atlanta?. Our teams had to identify opportunities and formulate a detailed development plan via a written report and verbal presentation.
Our judges – Steve Martin, Managing Principal, SDM Partners; Kent Mason, VP-Market Officer, Prologis; Chris Riley, Vice Chairman, CBRE and John Rooker, CEO, Rooker – had their work cut out for them.
In the end, it was the University of Georgia who took home the top prize with their amazing written report and presentation.
Congratulations to all the contestants and door prize winners, and a big thank you to NAIOP VP of Education, Annie Baxter, Duke Energy, her School Challenge committee and the judges.

Here’s What You Missed

On March 15th, NAIOP Georgia held our 23rd Annual Million Dollar Club Awards Luncheon.  Attendees were treated to an inspiring talk by keynote speaker, David Cummings, CEO, Atlanta Ventures.

And, awards were given for:

Award for Excellence
NAIOP Georgia President, Dwight Bell, Cannon Equities, along with NAIOP Georgia Advisory Council Member, Brian Hogg, Intercoast Group, present the Award for Excellence, to Steve Martin, SDM Partners.

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Pictured left to right: NAIOP Georgia Advisory Council Member, Brian Hogg, Intercoast Group; NAIOP Georgia President, Dwight Bell, Cannon Equities; 2016 Award for Excellence winner, Steve Martin, SDM Partners; NAIOP Corporate Senior Director of State and Local Affairs, Toby Burke; NAIOP Georgia VP Special Events, Bo Jackson, Transwestern.

Workhorse Award
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NAIOP Georgia President, Dwight Bell, Cannon Equities and NAIOP Georgia VP Special Events, Bo Jackson, Transwestern present the Workhorse Award to Tanner Hicklin, Prologis.

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NAIOP Georgia President, Dwight Bell, Cannon Equities and NAIOP Georgia VP Special Events, Bo Jackson, Transwestern present the Top Producer-Industrial to Brian Cardoza, Rooker.

Top Industrial Producers (pictured from left to right):
NAIOP Georgia President, Dwight Bell, Cannon Equities
#3 Doug Smith, Seefried Industrial Properties, Inc.
#4 Walker Wellford, Taylor & Mathis
#2 Tanner Hicklin, Prologis
#5 Ryan Hoyt, Prologis

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Top Office Producers (pictured from left to right):
#3 John Grimsley, Highwoods Properties
#2 Michael Wells, Highwoods Properties
#1 Chris Port, CBRE, Inc. (tied w/Jeff Keppen)
#1 Jeff Keppen, CBRE, Inc. (tied w/Chris Port)
#4 Mason Zimmerman, Pope & Land Enterprises, Inc.
NAIOP Georgia President, Dwight Bell, Cannon Equities

Thank you to our event sponsors!
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