Meet the new developers in town

State of play: Charlotte's industrial construction pipeline is the smallest it's been since early 2021, per investment management company Colliers.

• Industrial and multifamily are the two spaces Opus is seeing the most demand, says Mike Yungerman, Opus executive vice president.
• "We're in a growth market," Yungerman tells Axios. "The demand for rental housing and housing in general is very bullish."
• Reports suggest 157 people move to the Charlotte region every day.

The latest: Opus recently completed its first Charlotte-area project. Huntersville Commerce Center is a 131,000-square-foot Class A speculative industrial building within "The Park," a master-planned business community.

• Colliers has listed the center for lease.

Driving the news: Opus has hired Kelly Dunbar, who founded Childress-Klein's multifamily division, to spearhead the regional expansion as senior vice president of development.

Zoom in: As a merchant builder, Opus buys real estate, builds and quickly leases or sells, often within a year.

Zoom out: Opus now operates from eight cities, including Austin, as of last year. Its Charlotte base is positioned to reach markets across the Southeast.