“NAIOP has always been known as the preeminent commercial real estate organization,” said 2009 chapter president Jeff K. McFadden, (top right photo) SIOR, managing partner of Taurus Southern Investments, LLC, a subsidiary of Boston-based Taurus Investment Holdings, LLC.
“NAIOP is the leading association for the development industry, extending its reach beyond office and industrial product types into mixed-use, medical office, retail and more,” said Thomas J. Bisacquino, (bottom right photo) NAIOP Corporate president in Herndon, VA.
Commercial real estate has a tremendous impact on the nation’s economy, with construction-related spending reaching $549 billion and adding 839 million square feet of existing building space in 2007, the latest comprehensive data available. It is one of the leading employers in the United States, supporting 4.89 million full-time equivalent jobs in 2007, and generating personal earnings of $170.1 billion.
McFadden added, “NAIOP will stay strong at the Corporate, State and Chapter levels in its commitment as the voice of the commercial real estate community, and will not falter in taking a stand on issues that impact our industry.”