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About Millie & Severson:
Operating for over 81 years, Millie & Severson is a premier, employee-owned (ESOP) general contractor in California and Nevada. Known for their "big projects, no egos" culture, they are a dominant force in industrial tilt-up construction, partnering with global giants like Amazon, Prologis, Trammell Crow, and Brookfield.
Timestamps:
0:00 - Introduction: The Industrial Tipping Point
02:15 - Entitlement Risk & AB 98: When Land Value Goes to Zero
05:40 - Sluggish 2025 vs. The 2026 Surge in Construction Starts
08:12 - Volatility in the Trades: Steel, Rebar, & Panelized Roof Pricing
11:30 - How Data Centers are Driving Up Steel Lead Times
14:50 - Geopolitics, Gas Prices, and the Macro Impact on Budgets
18:25 - The History & Unique Culture of Millie & Severson (The Power of an ESOP)
22:40 - The Real Numbers: Approximate Hard Costs per SF Today
26:15 - The Evolution of Unions in California Tilt-Up Construction
31:10 - Project Spotlight: Core5’s 1M SF Facility in Menifee
35:45 - Advice to Hungry Brokers: How to Correctly Underwrite Land Value
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Music Codes: MB01DKPGNACZVRS MB01TGKRMBHDK91
#CommercialRealEstate #IndustrialRealEstate #InlandEmpire #inustrial #warehousing #logistics
