Closed Transactions for February 2021 Sales 0 Airport Blvd., Louisburg, NC: Land totaling 4.0 acres. Scott Hadley, Vice President, represented the seller in the transaction. 1001 Reedybrook Crossing, Apex, NC: Land totaling 1.96 acres. Moss Withers, SIOR, MBA, CEO & Principal and Karah Jennings McConnell, Principal & Executive Vice President, represented the seller in the transaction. 6818 Davis Cir., Raleigh, NC: Retail space totaling 2,946 SF on 0.7 acres. Scott Hadley, Vice President, represented the…
Raleigh developer preps for work on office, retail project in Holly Springs
By Caleb Harshberger – Staff Writer, Triangle Business Journal Mar 2, 2021 Work is set to begin this year on an office and retail park in Holly Springs with plans calling for a collection of commercial buildings in the booming Wake County town. This month, Raleigh-based APG Capital announced it’s gearing up to start work on The Plaza at Rhamkatte Village after receiving approval from the town. The project features 58,000 square feet of office…
OFFICE SECTOR: ADAPTING TO CHANGE AND PREPARING FOR SUCCESS
COVID-19 has fundamentally changed the way employees work and the way businesses operate. The pandemic fueled the need for the continued transformation of office space to better support social distancing, provide cleaner and more efficient workplace environments, and offer work from home opportunities. From these patently correct observations about the office sector, many infer that the sector is in a state of decline and descent. However, what we are witnessing is not the end of…
Q4 2020 Economic Reports
GDP GROWTH: TRENDING IN Q4 2020 The U.S. economy improved in the fourth quarter with the nation’s gross domestic product rising at a 4% annualized rate. The Q4 report from the Commerce Department follows a record quarterly gain in the third quarter. But despite the strong second half, the U.S. economy contracted 3.5% in 2020. It was the first annual drop since the financial crisis and the most since 1946. There is wide agreement that…
Property Closings January 2021
Closed Transactions for January 2021 Sales 0 Northern Ranches Road, Sanford, NC: Land totaling 26 acres. Moss Withers, SIOR, MBA, President & Principal, Karah Jennings McConnell, Principal & Executive Vice President, and Scott Hadley, Vice President, represented both the buyer and seller in the transaction. 2716 Old Wrightsboro Road, Wilmington, NC: Industrial/Flex space totaling 3,600 SF. Moss Withers, SIOR, MBA, President & Principal, Karah Jennings McConnell, Principal & Executive Vice President, and Russell Stewart, JD,…
The Highlight Zone
By Caleb Harshberger – Staff Writer, Triangle Business Journal Jan 15, 2021, 6:54am EST In 2017, CityPlat principal Vincenzo Verdino learned of a new program just implemented by the federal government to encourage investment and development in underutilized properties around the country, and he wanted in. The program established certain census tracts as Opportunity Zones and allowed investors to put capital gains into properties in underserved areas with serious tax benefits. “When the legislation was…
Property Closings – December 2020
Closed Transactions for December 2020 Sales Southport Business Park, Morrisville, NC: Industrial/Flex space totaling 114 acres. Dee Creech Osborne, SIOR, Vice President, represented the seller in the transaction. 2903 Lee Avenue, Sanford, NC: Industrial/Flex space totaling 73,198 SF on 4.85 acres. Scott Hadley, Vice President, Hunter Stewart, MBA, Senior Director, and Russell Stewart, JD, Broker, represented both the buyer and seller in the transaction. 0 Commerce Ct., Ste. 102, Pittsboro, NC: Land totaling 1.4 acres….
The big Raleigh-Durham developments set to deliver in 2021
By Caleb Harshberger – Staff Writer, Triangle Business Journal Dec 29, 2020, 8:13pm EDT Updated Dec 29, 2020, 11:32am EST The Triangle is gearing up for a flood of big developments set to delivery in 2021, even as the real estate market continues to deal with the impacts of Covid-19 and the uncertainty around the future of the office sector as working of home becomes mainstream. Several mixed-use and office projects are set to open…
Drucker + Falk Awarded Leasing and Management of The Walker, Luxury Apartments in Downtown Cary, NC
RALEIGH, N.C., Dec. 15, 2020 /PRNewswire-PRWeb/– DF Multifamily, a division of Drucker + Falk (DF), one of the nation’s most prominent multifamily management companies, recently assumed the leasing (along with Lee & Associates) of The Walker apartments. This new, vibrant mixed-use project in the trending downtown Cary, North Carolina market overlooks Cary Downtown Park with the first apartment homes scheduled to be ready in early 2022. The Walker consists of 153 apartments and commercial…
THE INDUSTRIAL SECTOR: NO END IN SIGHT OF ITS SUCCESS
Although the pandemic has ravaged many commercial real estate sectors, the industrial market continues to thrive and attract enormous interest from lenders, investors, and REITs. On account of the increase in e-commerce and the continued need for last-mile distribution centers and regional warehouses, asset values of industrial properties are at record highs and the market fundamentals have never been better. This report will explain the causes behind the industrial market’s success, explain why industrial properties…