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,…
REITS Outperform Private Equity Real Estate Funds
With interest rates at extremely lows levels and fears of rising inflation heating up, investors have flocked to real estate investment trusts (REITs) as an investment vehicle. Is it wise to do so, what is propelling this move, and what kind of performance should investors expect? This report will explain why there is a surge in demand for REITs and analyze how they are currently performing and how they have performed historically. 1. REITs are…
Chatham land slated for over 400 homes sells to Chicago company for $7.5M
By Caleb Evan Hoopfer – Staff Writer, Triangle Business Journal October 7, 2021 A Chicago-based real estate firm made a big splash in Chatham County recently. Singerman Real Estate purchased over 450 acres within the Parks at Meadowview master planned community in Pittsboro for $7.5 million, according to a deed filed Oct. 1. The land sits directly south of the Chapel Ridge development, which has over 800 homes, according to marketing materials for the property…
Closed Transactions – August 2021
SALES ADDRESS CITY/STATE TYPE REPRESENTATION ACRES/SF BROKER(S) 208 Mountain Brook Rd Sylva, NC Hospitality Seller 34.4 James Bailey 264 West Chatham St Cary, NC Land Buyer 0.43 Hunter Stewart 1016 N Salem St Apex, NC Land Buyer 1.43 Scott Hadley Strickland Rd Clayton, NC Land Buyer 140.24 Moss Withers Karah Jennings McConnell Strickland Rd Clayton, NC Land Buyer 231.75 Moss Withers Karah Jennings McConnell 5501 Fortunes Ridge Dr Durham, NC Office/Medical Buyer 18,395 Brian Farmer…
Work to begin on huge Apex development with office, retail and housing space
By Caleb Harshberger – Staff Writer, Triangle Business Journal September 10, 2021 Work is set to begin on a planned mixed-use development in Apex that looks to marry modern mixed-use urban-suburban designs with Southern small-town life. In the weeks to come, developers ExperienceOne Homes and New York-based The Kalikow Group plan to begin grading for the first phase of the Sweetwater Town Center project, with construction set to start shortly after. The group designed the…