RALEIGH – January 11, 2022 – GiGi’s Playhouse, a nonprofit Down syndrome achievement center, plans to grow its Triangle presence at The Walker, a new mixed-use development under construction in downtown Cary, North Carolina. GiGi’s Playhouse, part of a national network, opened its Raleigh center in 2016 and now serves more than 860 families and engages over 350 active volunteers. Its programs, offered at no charge to all ages in-person and virtual, include one-on-one literacy…
Charles “Chip” Lanier Joins Lee & Associates Raleigh-Durham
RALEIGH, NC – Dec. 7, 2021 – Lee & Associates Raleigh-Durham, the regional office of the national commercial real estate firm Lee & Associates, announced today that Charles “Chip” Lanier has joined the commercial brokerage firm as vice president in the company’s retail team. In his new role, Lanier will focus on retail leasing and development opportunities. Lanier has been a fixture in the Triangle’s commercial real estate industry for more than 30 years. He…
Morrisville office park lands two new leases despite soft market
By Caleb Harshberger – Staff Writer, Triangle Business Journal December 3, 2021 A Morrisville office park has landed a pair of new office leases, filling important spaces as the office markets in the Triangle and around the country remain soft. Earlier this month, IXL Learning Inc. and CTI Towers signed new leases in Perimeter Park. IXL already has offices in the park but signed on to a new and expanded space, moving its regional headquarters…
Supply Chain Issues: A Critical Analysis
Evidence of the supply chain crisis we are facing is hard to miss. Right now, off the coast of Los Angeles, over 80 large container ships are sitting idle waiting to dock and offload their cargo. The ramifications of this and other bottlenecks in our global supply chain system have caused a backlog of nearly $3 billion in goods that have been ordered but not yet shipped, according to U.S. Census data. What caused this…
Multifamily Development is Flourishing as Never Before
When the pandemic engulfed the world last year, few analysts predicted that the multifamily sector would flourish and thrive so well. Most suspected that the sector would be on life support. Yet, despite a yearlong national eviction moratorium, there hasn’t been a better time to be a big apartment-building landlord. Multifamily-property values have increased 13% since before the pandemic and more money is being invested now in apartment buildings than in any other type of…
LEE & ASSOCIATES SEATS INAUGURAL SEVEN-MEMBER ADVISORY GROUP
September 1, 2020 (LOS ANGELES, CA) – Lee & Associates, a leader in commercial real estate services throughout North America, announces the formation of a seven-member Advisory Group to operate alongside their current Board of Directors. The inaugural Advisory Group members will be Luis Almeida, Alma Miluso, Maggie Montez, Will Poole, Michelle Rhino, Jessica Vasil, and Roland Weathers. Their term will commence on September 1, 2020. In developing the Advisory Group, the Lee & Associates CEO, Board of Directors, and Presidents wanted to create…
GlobeSt Recognizes Moss Withers as 50 Under 40 Professional in Commercial Real Estate
GlobeSt, a leading source for commercial real estate news, recognized Lee & Associates Raleigh-Durham CEO & Principal Moss Withers, SIOR, MBA as a 50 Under 40 professional in commercial real estate. After starting his career in 2008, Moss Withers had completed more than 650 transactions ranging from large land assemblages to office sales and leasing to investment properties, in just nine years. In 2018, after a decade in the industry, Withers founded the broker-owned firm,…
Lee & Associates Raleigh-Durham represents seller, buyer in RTP land transaction
Lee & Associates Raleigh-Durham represents seller, buyer in RTP land transaction Thompson Thrift acquires 31-acre site in Durham planned for retail development. RALEIGH, N.C. – October 25, 2021 – Lee & Associates Raleigh-Durham, the regional office of the national commercial real estate firm Lee & Associates, announced today that its land and retail team has completed the $9.75 million sale of nearly 31 acres on Ellis Road in Durham, North Carolina. Thompson Thrift, a full-service…
Property Closings – September 2021
LEASES ADDRESS CITY/STATE TYPE REPRESENTATION ACRES/SF BROKER(S) 10137 Division Dr Raleigh, NC Industrial/Flex Tenant 2,500 Stone Alexander Moss Withers Karah Jennings McConnell 7930 Skyland Ridge Pkwy, Ste 104 Raleigh Retail Landlord 2,742 Christina Coffey Jenn Olevitch-Roberson 3909 Commerce Park Drive, Ste 110 Raleigh, NC Industrial Landlord & Tenant 4,168 Ryan Lawler Ellis Crossing – Watchom St Durham, NC Retail Landlord 2,400 Hunter Stewart Cole Pennell 2840 Plaza Place, Ste 105 Raleigh, NC Office Landlord 1,932…
2021 Q3 North America Market Report
INDUSTRIAL OVERVIEW: Q3 POSTS MORE RECORD DEMAND Pandemic-fueled consumer spending drove up third-quarter demand for warehouse and distribution facilities that eclipsed previous records. And despite a nationwide surge in new construction, some metros can barely accommodate the pace of tenant expansion. Additionally, year-over-year rent growth is at a record 6.7% for the industrial property sector as a whole and 7.9% for logistics facilities. The national vacancy rate fell at the fastest pace ever in Q3,…