I’m honored to take the helm this year as NAIOP SoCal President. These are interesting times. We have enjoyed an extended strong economic cycle. And according to the latest Economic Forecast from Chapman University, the economic recovery will continue in 2019, becoming the longest expansion in U.S. history. However, Chapman also noted that the upward trajectory that began in June 2009 is flattening. The good times can’t last forever.
That is why I continue to encourage the industry to get involved to best defend against economic volatility and the threats of legislative action from Sacramento that will impact our industry and business climate. I couldn’t be more proud of this organization that is now more than 1,100 strong here in Los Angeles and Orange counties. If you want to be successful in this industry, you need to be part of this organization.
We do great things on the education front and as it relates to developing business relationships, but the most impact we have and the initiative that makes us even more powerful is the work we do at the legislative front on issues such as rent control, dual agency and the looming threat of split roll tax. You can read more about our work in this issue’s Legislative Update.
Congratulations are in order for Taylor Arnett and Jim Camp on their recognition by NAIOP with the association’s coveted Chapter Merit Awards. Taylor received Chapter Volunteer of the Year and Jim was named Chapter President of the Year. They are both outstanding examples of the leadership we have in this organization.
In addition to the critical work we are doing to represent our industry at the local, state and federal level, we are also looking to the next generation. You can almost call it succession planning as we are proactively recruiting and appointing young leaders to our board so that they are engaged in determining the future of NAIOP SoCal. I’m excited to work beside the Young Professionals Group (YPG) leadership and committee members. This organization has grown not just in size but also in influence and, when you look at the Southern California real estate landscape, you are starting to see YPG alumni in significant executive roles within Los Angeles and Orange County firms.
YPG has already been busy this year and there is more in this issue on their work. We are also looking forward to the March 28 Leadership Summit which will dive into leadership in a digital economy. This is an event designed for young leaders as well as seasoned executives.
I’m also looking forward to the May 9 Night at the Fights. This is one of the most anticipated events in our industry, and there is no doubt we will be a sell-out again at the Hotel Irvine. And like many of our members, I will be ringside to watch our two Real Estate Rumble bouts featuring commercial real estate professionals battling in the ring!
2019 is going to be another exciting year for our industry. I look forward to seeing you at our many NAIOP SoCal events and encourage all of you to get involved and make a difference.