Insights from NAIOP’s Alternative Development Program & CREW’s Industrial Summit
Saunders Seismic attended NAIOP’s Alternative Development—Uses/Considerations Program and CREW’s Industrial Real Estate Summit last month. Each event shared insightful and informative information.
The Alternative Development program explored new or alternative development uses in the space of public storage, data centers, and EV charging stations. Each one was represented by a market leader who provided extensive knowledge and perspective in each alternative use space.
Vice President Harpal Sadhal, a veteran in the public storage sector, represented the Irvine Company. It is no surprise that the Irvine Company has taken the lead in Orange County in this space, as its real estate footprint in OC is vast and dynamic. The data center overview was fascinating, with a brief history of where this segment originated and substantial statistical data on the electricity needed for these specialized buildings to perform and run sufficiently.
Data centers started in Northern Virginia. Just outside of Washington, D.C., a new kind of capital has been developing and expanding since its inception. Northern Virginia, Fairfax, and Loudoun counties have become home to Data Center Alley, the internet capital of the world, over decades of innovation, government incentives, and private sector investment.
Christine Metzger, Senior Vice President representing CBRE, offered abundant information and a comprehensible synopsis of this often-intimidating sector. Finally, Max Levenstein, the Finance and Real Estate Director with Rove, presented their findings on the emerging market of full-service EV charging centers and their future. Overall, it was an enlightening program in each area of alternative development.
The Orange County CREW Event – Industrial Real Estate Summit
This event focused on the industrial sector of commercial real estate and uncovering the latest trends, forecasts, and market conditions shaping the landscape.
It was a valuable platform for knowledge-sharing, networking, and strategic growth. We learned about the latest insights and strategies from key professionals, including:
- Ami Barrett, Senior Vice President with JLL
- Mackenzie Ford, Manager of investments with Prologis
- Rachel Hickenbottom, Senior Vice President of development with Link Logistics
- Scott Mulkay, President of Construction with Birtcher Development
All contributed value-added details about the industrial sector. Angela Gomez-Jones, a Partner with Endeavor Agency, moderated the panel.
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