By Caleb Harshberger – Staff Writer, Triangle Business Journal May 1, 2020, 7:14am EDT More development is in the works for downtown Cary as a local firm maps an overhaul of a decades-old property. Cary-based Chatham Street Commercial filed site plans with the town earlier this year for the Rogers Building Redevelopment, calling for three stories of mixed-use office and commercial development in the heart of town. READ MORE
Retail tenants, landlords get creative with rents in time of crisis
By Caleb Harshberger – Staff Writer, Triangle Business Journal Apr 3, 2020, 2:54pm EDT For tenants who find themselves unable to make rent and looking for support, Lee & Associates senior director Jake Plotkin says it’s important to be prepared. “I’d recommend … they have their sales for 2019 and the months through this year so they can have a meaningful conversation with the landlord,” he says. It’s important to show that the crisis is…
Cary’s Mayton Inn may have a buyer
By Lauren Ohnesorge – Senior Staff Writer, Triangle Business Journal Mar 4, 2020, 2:41pm EST A boutique hotel in Cary that’s faced troubles may have a potential buyer. New filings in the bankruptcy case of the The Mayton Inn’s owner reveal an $8.1 million offer made by a company known as Academy Park Hospitality. While filings show the inn’s parent company, known in court documents as Memento Mori, “has had productive discussions with several potential…
Five Economic Trends to Watch for in 2020
THE GLOBAL ECONOMY IS EXPECTED TO GROW BUT AT A MODEST PACE Expect the global economy to expand at a rate of around 3.2% this year in PPP (purchasing power parity) terms. Partly because of easy monetary policies across the globe, expect all of the major economies to grow. US GDP is likely to expand by around 2%, in line with its potential rate. Given the historically low unemployment rate, US employers will find it…
Ryan Lawler Joins as Broker
LEE & ASSOCIATES WELCOMES RYAN LAWLER November 11, 2019 (Raleigh, NC) – Lee & Associates Raleigh Durham would like to welcome Ryan Lawler. Ryan joins our team as a Texas native and veteran of Lee & Associates with five years of brokerage experience in the Newport Beach office. While in California, Ryan focused on the Southern market’s premier Industrial and Office users. He brings a unique perspective and expertise to this market. Ryan will focus…
James Bailey Joins as Broker
LEE & ASSOCIATES WELCOMES JAMES BAILEY November 11, 2019 (Raleigh, NC) – Lee & Associates is excited to welcome James Bailey, JD, as Broker. James joins Lee & Associates after a career as a criminal defense attorney in Winston-Salem. After earning his law degree from Wake Forest University School of Law in 2014, James began his legal career as a criminal defense attorney at a law firm in Winston-Salem, NC. James later determine that helping…
Now Offering Property Management
LEE & ASSOCIATES NOW OFFERS PROPERTY MANAGEMENT September 27, 2019 (Raleigh, NC) – Lee & Associates Raleigh Durham now offers full service property management. The team is ready to put their 40 years of experience in commercial property ownership and management to work fulfilling all your real estate needs. We promise to provide unparalleled service to our clients that require assistance with property and asset management services. Our full-service property management services and daily oversight…
Marlene Spritzer Joins as Senior Director
FOR IMMEDIATE RELEASE Contact Mike Trainor S&A Communications mtrainor@sacommunications.com 919-377-9571 LEE & ASSOCIATES ADDS ANOTHER HIGH-PROFILE INDUSTRY VETERAN Marlene Spritzer joins as Senior Director; she has produced deal volumes over $75 million in the past three years. September 3, 2019 (Raleigh, NC) – Lee & Associates Raleigh Durham, the regional office of the nationwide leader in commercial real estate services, today announced that Triangle commercial real estate veteran Marlene Spritzer, JD, CCIM, has joined the firm…
Will Judy Joins as Broker
LEE & ASSOCIATES WELCOMES WILL JUDY July 23, 2019 (Raleigh, NC) – Lee & Associates Raleigh Durham would like to welcome Will Judy! Will joined Lee & Associates after graduating from the Cameron School of Business at the University of North Carolina at Wilmington. While in college, he worked as an intern for a real estate firm handling accounting and property analysis. This experience led him to pursue a career in commercial real estate. He…
Top 24 Mistakes in Commercial Real Estate Investing
TOP 24 MISTAKES IN COMMERCIAL REAL ESTATE INVESTING April 12, 2019 11. Miscalculating Cash Flow Jake Plotkin, CCIM, Senior Director, Lee & Associates Raleigh-Durham As much as possible, refrain from making the mistake of miscalculating your cash flow. Many successful real estate investors buy, hold, and rent out properties for the long term, ensuring they have enough cash flow for maintenance and other expenses. Savvy real estate investors allocate their budgets so there is sufficient…