newsobserver.com Growth
Interested in developing in SW Durham? Better run it by the ladies at www.swdurham.org. This grass roots group seeks to have a say in local development...and it appears to be working.
Saturday, July 30, 2005
Build it and they will come...eventually
newsobserver.com | NC
Preston Development to build a $300M development on 167.8 acres in West Raleigh.
Preston Development to build a $300M development on 167.8 acres in West Raleigh.
Thursday, July 28, 2005
Cary apartment complex sold for $15M - 2005-07-27
Cary apartment complex sold for $15M - 2005-07-27:
Now that's a nice return on your money...
"Last September, Norfolk, Va.-based FCI acquired the Highlands at Olde Raleigh in northwestern Raleigh for $10.4 million, and spent $700,000 on renovations to the property."
Now that's a nice return on your money...
"Last September, Norfolk, Va.-based FCI acquired the Highlands at Olde Raleigh in northwestern Raleigh for $10.4 million, and spent $700,000 on renovations to the property."
Tuesday, July 26, 2005
Shopping Center planned near Wendell
newsobserver.com | Business:
"A 100-acre shopping center is being planned for just west of Wendell, near the intersection U.S. 64 East and the new U.S. 64/264 Knightdale Bypass."
"A 100-acre shopping center is being planned for just west of Wendell, near the intersection U.S. 64 East and the new U.S. 64/264 Knightdale Bypass."
Monday, July 25, 2005
Tax Exclusion on Sale of Residence
newsobserver.com | Business
Here's a nice explanation on how the Tax Payer Relief Act of 1997 affects home sales.
Here's a nice explanation on how the Tax Payer Relief Act of 1997 affects home sales.
Kane Expands Across 440, Picks Off Terra East
newsobserver.com | NC
Kane Realty paid about $6.8 million for the 196-unit Tara East Apartments...Kane is seeking zoning approval to demolish the apartments to build up to 175 condominiums and town houses.
Kane Realty paid about $6.8 million for the 196-unit Tara East Apartments...Kane is seeking zoning approval to demolish the apartments to build up to 175 condominiums and town houses.
Extra Space on the Side
newsobserver.com | Business:
"New and expanding companies helped the office vacancy rate tighten to 14.2 percent in the second quarter -- the lowest it has been since 2002, according to research by Highwoods Properties. The vacancy rate was down from 15 percent in the first quarter and down from 16.5 percent a year ago.
Because the market was flooded with supply, the average asking rents for class-A offices dropped to $18.67 per square foot in the second quarter from $20.03 per square foot four years ago."
"New and expanding companies helped the office vacancy rate tighten to 14.2 percent in the second quarter -- the lowest it has been since 2002, according to research by Highwoods Properties. The vacancy rate was down from 15 percent in the first quarter and down from 16.5 percent a year ago.
Because the market was flooded with supply, the average asking rents for class-A offices dropped to $18.67 per square foot in the second quarter from $20.03 per square foot four years ago."
Friday, July 15, 2005
Magazine ranks Triangle high for business opportunity - 2005-07-14
Magazine ranks Triangle high for business opportunity - 2005-07-14:
"The survey was based on criteria including education, health care, quality of life, business climate, infrastructure and most knowledgable work force. "
"The survey was based on criteria including education, health care, quality of life, business climate, infrastructure and most knowledgable work force. "
Highwoods Back in Construction Business
newsobserver.com | NC:
"Highwoods Properties plans to begin construction on a six-story building at its GlenLake office park near Crabtree Valley Mall before October."
"Highwoods Properties plans to begin construction on a six-story building at its GlenLake office park near Crabtree Valley Mall before October."
Thursday, July 14, 2005
64 Bypass Good and Bad for Business
newsobserver.com | Growth:
"Merchants on the old route say the bypass is affecting business, for both good and ill"
"Merchants on the old route say the bypass is affecting business, for both good and ill"
Group Predicts Growth Spurt
newsobserver.com | Growth:
"The Neuse River Basin, which includes most of Durham, Johnston and Wake counties, will develop at a faster rate over the next 20 years than any other river basin in the state"
"The Neuse River Basin, which includes most of Durham, Johnston and Wake counties, will develop at a faster rate over the next 20 years than any other river basin in the state"
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