newsobserver.com | Growth:
"The company, he said, is done with the project."
Wednesday, June 29, 2005
Tuesday, June 28, 2005
Luxury Townhomes on Languid Pace
Residential - bizjournals.com:
"Balmoral's languid pace so far hasn't soured Poole or Baird on the luxury market. The two are readying for demolition and construction on an Oberlin Road site in Raleigh where they plan townhouses - and possibly condos - that would be priced at an estimated $300 per square foot. "
"Balmoral's languid pace so far hasn't soured Poole or Baird on the luxury market. The two are readying for demolition and construction on an Oberlin Road site in Raleigh where they plan townhouses - and possibly condos - that would be priced at an estimated $300 per square foot. "
Trinity Targets Triangle
Commercial - bizjournals.com:
"The fund is expected to close June 30 with more than $11 million for future office and industrial property investments in North Carolina. "
"The fund is expected to close June 30 with more than $11 million for future office and industrial property investments in North Carolina. "
Monday, June 27, 2005
Mobile Home Parks: They're Good If you Own them
newsobserver.com Local & State
I've never lived in a "trailer park" but growing up in eastern NC, I missed a good chance.
Onslow County was once dubbed the mobile home capital of the world...now more MHP owners are selling out because the land has become more valuable than the entreprise.
I've never lived in a "trailer park" but growing up in eastern NC, I missed a good chance.
Onslow County was once dubbed the mobile home capital of the world...now more MHP owners are selling out because the land has become more valuable than the entreprise.
Granite: More Mixed Use in Morrisville
newsobserver.com | Real Deals:
"'All the planners today are looking for some kind of mixed use or integrated use, and we want to try to figure out how we can potentially make that happen on this site,' he says."
"'All the planners today are looking for some kind of mixed use or integrated use, and we want to try to figure out how we can potentially make that happen on this site,' he says."
Wednesday, June 22, 2005
Another new Clayton Subdivision
newsobserver.com | Growth:
"On Monday, Clayton Town Council members approved Lyndale, a 159-lot subdivision, to go in across the street from Glen Laurel subdivision."
"On Monday, Clayton Town Council members approved Lyndale, a 159-lot subdivision, to go in across the street from Glen Laurel subdivision."
Bryan Donates 670 Acres to Durham Land Conservancy
newsobserver.com Growth:
"Bryan's donation is the largest in the 22-year history of the conservancy...Bryan is still developing blueprints for 400 acres to be surrounded by the Triangle Land Conservancy property. He said he hopes the preserved forests and stream buffers are selling points.
"Bryan's donation is the largest in the 22-year history of the conservancy...Bryan is still developing blueprints for 400 acres to be surrounded by the Triangle Land Conservancy property. He said he hopes the preserved forests and stream buffers are selling points.
Towers test Raleigh's limits
newsobserver.com | Business
"We're stepping into a new time zone and Raleigh is ready to be equated with cities such as Charlotte and Atlanta. It's going to happen."
"We're stepping into a new time zone and Raleigh is ready to be equated with cities such as Charlotte and Atlanta. It's going to happen."
Downtown Durham on a Spurt
newsobserver.com | Growth:
"'Over a quarter of a billion dollars,' said Bill Kalkhof, the president of Downtown Durham Inc. 'Who would have thought that for little ol' Durham?'"
"'Over a quarter of a billion dollars,' said Bill Kalkhof, the president of Downtown Durham Inc. 'Who would have thought that for little ol' Durham?'"
Developers Deal at Five Points
newsobserver.com | NC:
The great inside the beltline formula of Buy-Raze-Rebuild-Mansion- Flip is spreading to Five Points...
"The partners recently paid $345,000 for a 1,200-square-foot home on a half-acre Carson Street lot. They tore down the house and built three, 3,000 square foot homes. Two already have sold for more than $500,000."
The great inside the beltline formula of Buy-Raze-Rebuild-Mansion- Flip is spreading to Five Points...
"The partners recently paid $345,000 for a 1,200-square-foot home on a half-acre Carson Street lot. They tore down the house and built three, 3,000 square foot homes. Two already have sold for more than $500,000."
Monday, June 20, 2005
Friday, June 17, 2005
New Node into Knightdale
newsobserver.com | Business:
We have long been bullish on investment properties in Knightdale. It appears the big money is on to us...
"Developers are proposing about 60 acres of shopping, a hotel and approximately 1,000 homes and apartments for Knightdale. The sprawling development would cover 306 acres along Interstate 540 where it will connect with U.S. 64. 'What they're proposing is something we've never had before in Knightdale -- a mixed-use urban style cluster that's a whole community,' said town Planning Director Mike Frangos. 'This will be Knightdale's new front door.'"
We have long been bullish on investment properties in Knightdale. It appears the big money is on to us...
"Developers are proposing about 60 acres of shopping, a hotel and approximately 1,000 homes and apartments for Knightdale. The sprawling development would cover 306 acres along Interstate 540 where it will connect with U.S. 64. 'What they're proposing is something we've never had before in Knightdale -- a mixed-use urban style cluster that's a whole community,' said town Planning Director Mike Frangos. 'This will be Knightdale's new front door.'"
40 Story Tower to Crabtree!
newsobserver.com | Business:
Sanjay Mundra and Dicky S. Walia are planning a $90M, 40 story hotel that would be NC's second tallest building (after Charlotte's B of A Center).
"The partners are in a race to develop Wake County's first luxury hotel. Concord Hospitality Enterprises of Raleigh plans a 240-room Renaissance Hotel at the North Hills mixed-use development by 2007. And Ann Goodnight, wife of SAS co-founder Jim Goodnight, is building The Umstead, a $70 million luxury hotel to open next year in Cary."
Sanjay Mundra and Dicky S. Walia are planning a $90M, 40 story hotel that would be NC's second tallest building (after Charlotte's B of A Center).
"The partners are in a race to develop Wake County's first luxury hotel. Concord Hospitality Enterprises of Raleigh plans a 240-room Renaissance Hotel at the North Hills mixed-use development by 2007. And Ann Goodnight, wife of SAS co-founder Jim Goodnight, is building The Umstead, a $70 million luxury hotel to open next year in Cary."
Beazer Building Boom Continues
newsobserver.com | Growth:
"Beazer Homes plans to build 210 units on 39.44 acres at 5100 Farrington Road. If approved, the townhouses would include 126 two-story townhouses and 84 three-story townhouses."
"Beazer Homes plans to build 210 units on 39.44 acres at 5100 Farrington Road. If approved, the townhouses would include 126 two-story townhouses and 84 three-story townhouses."
Foreclosures Fall Slightly
newsobserver.com | NC:
Foreclosures present buying opportunitites...my guess is that over the next 3-5 years we will see a steady volume of them. New homes are sellling like hot cakes and often times, builders and bankers stretch to qualify marginal home buyers. When the economy cycles down the foreclosures rise and present buying opportunties for investors.
"The seven-county region had 2,872 foreclosures in the January-through-May period, down 1 percent from a year earlier"
Foreclosures present buying opportunitites...my guess is that over the next 3-5 years we will see a steady volume of them. New homes are sellling like hot cakes and often times, builders and bankers stretch to qualify marginal home buyers. When the economy cycles down the foreclosures rise and present buying opportunties for investors.
"The seven-county region had 2,872 foreclosures in the January-through-May period, down 1 percent from a year earlier"
Tuesday, June 14, 2005
Cary chooses builder for $10.8M USA Baseball center - 2005-06-14
Cary chooses builder for $10.8M USA Baseball center - 2005-06-14:
Ah, baseball and real estate two of my favorite subjects lately...
"The facility, scheduled to be completed by the summer of 2007, will be built on 127 acres at Cary's Thomas Brooks Park. The complex will include three training fields, one signature field and retail space. "
Ah, baseball and real estate two of my favorite subjects lately...
"The facility, scheduled to be completed by the summer of 2007, will be built on 127 acres at Cary's Thomas Brooks Park. The complex will include three training fields, one signature field and retail space. "
Red Arrows Really Help
newsobserver.com | Growth:
My kids asked me recently, why they have red arrows...seems that a red ball would suffice, but designers use it to clarify...
"Traffic engineers sometimes choose the red arrow when they're aiming at a particular target: You in the left-turn lane, stop turning."
Makes sense to me.
My kids asked me recently, why they have red arrows...seems that a red ball would suffice, but designers use it to clarify...
"Traffic engineers sometimes choose the red arrow when they're aiming at a particular target: You in the left-turn lane, stop turning."
Makes sense to me.
Johnston Co puts on the Brakes
newsobserver.com | Growth:
A 176 lot subdivision was planned for 109 acres. It would have added a grocery store and an estimated $40M to the county's tax base.
"Commissioners, however, rejected the project in a 5-1 vote on the grounds that the project's traffic design would have been dangerous to motorists and harmful to nearby business owners"
A 176 lot subdivision was planned for 109 acres. It would have added a grocery store and an estimated $40M to the county's tax base.
"Commissioners, however, rejected the project in a 5-1 vote on the grounds that the project's traffic design would have been dangerous to motorists and harmful to nearby business owners"
Monday, June 13, 2005
Upscale Communities Sprout Throughout Triangle
Construction - bizjournals.com
High-end residential is in high demand in the Triangle and developers are offering it up!!
High-end residential is in high demand in the Triangle and developers are offering it up!!
Friday, June 10, 2005
Kane Continues to Cook with Kennedy Covington Coup
newsobserver.com | NC:
Wow, to pull a huge tenant out of the revitalizing downtown is a huge score for John Kane and the North Hills team...congrats...
"The move will leave just 10 percent of its {North Hills} 100,000 square feet of offices vacant, which may accelerate plans to build more."
Wow, to pull a huge tenant out of the revitalizing downtown is a huge score for John Kane and the North Hills team...congrats...
"The move will leave just 10 percent of its {North Hills} 100,000 square feet of offices vacant, which may accelerate plans to build more."
Thursday, June 09, 2005
NC's Six Start-up Spots Score in States
Six N.C. regions among top startup spots in U.S. - 2005-06-09:
"Wilmington, Charlotte, Washington, the Triangle, Morganton and Hickory - in that order - all ranked among the top 20"
"Wilmington, Charlotte, Washington, the Triangle, Morganton and Hickory - in that order - all ranked among the top 20"
70 Bypass will shorten distance b/w Raleigh and Points East
DOT set to break ground on $123.5M Clayton Bypass - 2005-06-09:
"The new road is expected to be complete in June 2009. "
"The new road is expected to be complete in June 2009. "
Triangle Home Sales Keep Record Pace
newsobserver.com | NC:
"The Triangle Multiple Listing Service has a seven-month supply of homes on the market, down from an eight-month supply a year ago, Anfindsen said. Nationally, there is a 4.2 month supply, according to the NAR."
"The Triangle Multiple Listing Service has a seven-month supply of homes on the market, down from an eight-month supply a year ago, Anfindsen said. Nationally, there is a 4.2 month supply, according to the NAR."
Wednesday, June 08, 2005
Redo in Durham
newsobserver.com | Growth:
"Totaling more than 1 million square feet spread over 17 acres, American Tobacco is the largest historic preservation project ever in North Carolina. "
"Totaling more than 1 million square feet spread over 17 acres, American Tobacco is the largest historic preservation project ever in North Carolina. "
Auctioning Commercial Real Estate
newsobserver.com | NC:
"Speculating on rising interests rates and a rebounding economy, investors dumped $892.4 million into Triangle investment property last year -- the most spent in at least a decade "
"Speculating on rising interests rates and a rebounding economy, investors dumped $892.4 million into Triangle investment property last year -- the most spent in at least a decade "
Tuesday, June 07, 2005
Tips for Financing Investment Property
Financing real estate investments:
"'My first source of financing always will be the seller. That will always be cheaper,' "
"'My first source of financing always will be the seller. That will always be cheaper,' "
Don't Buy Housing Bubble Propaganda
Great Article comparing the current state of Housing with the stock market bubbles of the recent past:
Bottomline: We are safe. Especially in the Triangle area.
"My position is that housing is not in a bubble -- yet"
Bottomline: We are safe. Especially in the Triangle area.
"My position is that housing is not in a bubble -- yet"
Monday, June 06, 2005
Florida developer gets foothold in Chapel Hill
newsobserver.com | Growth:
"The company is willing to make less money in Chapel Hill to get a centerpiece project in the Triangle"
"The company is willing to make less money in Chapel Hill to get a centerpiece project in the Triangle"
RBC Area attracts developers
Commercial - bizjournals.com:
The Herb Garden continues to draw them like flies...GO PACK!
"'Demand for residential is already there. Demand is there for retail,'"
The Herb Garden continues to draw them like flies...GO PACK!
"'Demand for residential is already there. Demand is there for retail,'"
Kane expands vision to Tara East and Beyond
newsobserver.com | Real Deals:
"Raleigh developers Gordon Grubb and John Kane are in discussions to buy the 150-unit Lantern Square Apartments on Ramblewood Drive in Raleigh."
"Raleigh developers Gordon Grubb and John Kane are in discussions to buy the 150-unit Lantern Square Apartments on Ramblewood Drive in Raleigh."
Go West Rich Man!
newsobserver.com | Business:
Real Estate's local smart guys are betting big on West Raleigh..
"The submarket's vacancy rate improved to 14.8 percent in the first quarter, from 17.6 percent in the same quarter last year, according to Karnes Research of Raleigh."
Real Estate's local smart guys are betting big on West Raleigh..
"The submarket's vacancy rate improved to 14.8 percent in the first quarter, from 17.6 percent in the same quarter last year, according to Karnes Research of Raleigh."
Friday, June 03, 2005
Miami Company to redevelop Blount Street
newsobserver.com | Business:
"LNR ... was chosen over two Triangle-based development teams: East West Partners of Chapel Hill and York Properties of Raleigh, and Hamilton Merritt of Cary and Cherokee Investment Partners of Raleigh."
"LNR ... was chosen over two Triangle-based development teams: East West Partners of Chapel Hill and York Properties of Raleigh, and Hamilton Merritt of Cary and Cherokee Investment Partners of Raleigh."
Thursday, June 02, 2005
Durham office building sells for $18.2M - 2005-06-02
Durham office building sells for $18.2M - 2005-06-02:
Commercial Real Estate continues its return...
"The $175 per square foot paid for the building is the highest ever for office property in the Triangle"
Commercial Real Estate continues its return...
"The $175 per square foot paid for the building is the highest ever for office property in the Triangle"
Wednesday, June 01, 2005
Raleigh's water gets reprieve
newsobserver.com | Growth:
BRAVO! All of us boaters are glad to see this not to mention we drinkers of tap water...
"The state Division of Water Quality last week revoked its December decision to increase the allowed nitrogen discharge for a group of sewage plants that dump treated wastewater into the Neuse River basin."
BRAVO! All of us boaters are glad to see this not to mention we drinkers of tap water...
"The state Division of Water Quality last week revoked its December decision to increase the allowed nitrogen discharge for a group of sewage plants that dump treated wastewater into the Neuse River basin."
Builder Suppliers Bank on Boom
newsobserver.com | NC:
"'The residential home-building market has remained healthy and vibrant even in the depth of the recession,' said Lee Holder, the Anthony & Co. broker who represented Bradco. 'And as we're coming out of the recession, it's going to be even more robust.'"
"'The residential home-building market has remained healthy and vibrant even in the depth of the recession,' said Lee Holder, the Anthony & Co. broker who represented Bradco. 'And as we're coming out of the recession, it's going to be even more robust.'"
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