newsobserver.com | Business:
"'When our large developers start to build large buildings again, it's a clear indication that we have turned the corner in our economy,' said Kenneth M. Atkins, executive director of Wake County Economic Development"
Thursday, August 11, 2005
Tuesday, August 09, 2005
Fitch Rates Raleigh, North Carolina's $61MM GOs 'AAA' - Forbes.com
Fitch Rates Raleigh, North Carolina's $61MM GOs 'AAA' - Forbes.com:
"The 'AAA' rating and Stable Outlook reflect the city's excellent financial management and planning and diverse economic base. Raleigh is the Wake County seat and the state capital, which provides stability to the employment base. Recovery from the most recent recession is evident in a number of indicators, including declining unemployment rates and growth in jobs, retail sales, and economically-sensitive taxes."
"The 'AAA' rating and Stable Outlook reflect the city's excellent financial management and planning and diverse economic base. Raleigh is the Wake County seat and the state capital, which provides stability to the employment base. Recovery from the most recent recession is evident in a number of indicators, including declining unemployment rates and growth in jobs, retail sales, and economically-sensitive taxes."
Three groups submit plans to be regional rail master developer - 2005-08-08
Three groups submit plans to be regional rail master developer - 2005-08-08:
"Three real estate development groups have applied to the Triangle Transit Authority for the role of master developer for the planned regional rail system stretching from downtown Durham to north Raleigh."
"Three real estate development groups have applied to the Triangle Transit Authority for the role of master developer for the planned regional rail system stretching from downtown Durham to north Raleigh."
200 More Condos May Hit Glenwood South
newsobserver.com | Business
"The project would be on about 2.5 acres at the northwest corner of Tucker Street and Boylan Avenue. It would be the latest residential development near Glenwood Avenue between Peace and Hillsborough streets, a former industrial stronghold that has emerged as a center for dining, drinking and dancing."
"The project would be on about 2.5 acres at the northwest corner of Tucker Street and Boylan Avenue. It would be the latest residential development near Glenwood Avenue between Peace and Hillsborough streets, a former industrial stronghold that has emerged as a center for dining, drinking and dancing."
Cary Developer Buys Sheraton Chapel Hill
newsobserver.com | Business:
"'The reason we're buying it is, it's very hard to build anything in Chapel Hill, and when we're through renovating, we believe it will compete with the Siena or Carolina Inn,' said Sanjay Mundra, who with partner Dicky Walia owns Soleil Group."
"'The reason we're buying it is, it's very hard to build anything in Chapel Hill, and when we're through renovating, we believe it will compete with the Siena or Carolina Inn,' said Sanjay Mundra, who with partner Dicky Walia owns Soleil Group."
Biotech Center South
newsobserver.com | Growth
The head of Dole Foods wants four North Carolina universities to help create a biotechnology research center in Kannapolis to help revitalize the economically troubled region.
The head of Dole Foods wants four North Carolina universities to help create a biotechnology research center in Kannapolis to help revitalize the economically troubled region.
$250M Industrial Portfolio is largest Triangle Transation in Decade
Commercial - bizjournals.com:
"'It just shows the strength of the Triangle market to attract the dollars to local real estate,' says Rex Thomas, president of the Grubb & Ellis/Thomas Linderman Graham real estate firm in Raleigh."
"'It just shows the strength of the Triangle market to attract the dollars to local real estate,' says Rex Thomas, president of the Grubb & Ellis/Thomas Linderman Graham real estate firm in Raleigh."
Monday, August 08, 2005
Empire Building
newsobserver.com | Real Deals:
"Raleigh developer Greg Hatem's Empire Properties last month paid $5.2 million for the Raleigh Bonded Warehouse "
"Raleigh developer Greg Hatem's Empire Properties last month paid $5.2 million for the Raleigh Bonded Warehouse "
Sunday, August 07, 2005
Tuesday, August 02, 2005
Best Sales in a Decade
newsobserver.com | Business:
Investors bid up real estate as rates creep back up and job growth looks strong....
"There was at least $322.8 million in local apartment property sales. That's already more than the 10-year annual average of $209.8 million. And it's on pace to beat last year's total of $399.3 million"
Investors bid up real estate as rates creep back up and job growth looks strong....
"There was at least $322.8 million in local apartment property sales. That's already more than the 10-year annual average of $209.8 million. And it's on pace to beat last year's total of $399.3 million"
The Sun News | 07/27/2005 | Selling of public marina weighed
The Sun News | 07/27/2005 | Selling of public marina weighed:
Six developers have bid on this public Marina...I say sell baby!
"The current lease, for Southport Marina Inc., expires in 2015 with the option to extend it five more years."
Six developers have bid on this public Marina...I say sell baby!
"The current lease, for Southport Marina Inc., expires in 2015 with the option to extend it five more years."
Centex Shot Down in Durham
newsobserver.com | Growth:
"In a victory of grass roots over deep pockets, the Durham City Council voted 6-1 to deny a rezoning request for a dense townhouse development."
"In a victory of grass roots over deep pockets, the Durham City Council voted 6-1 to deny a rezoning request for a dense townhouse development."
Monday, August 01, 2005
Good News for Landlords
newsobserver.com | NC
"There were 2,533 units under construction in Durham, Orange and Wake counties in the three months ending June 30, according to the Triangle Apartment Association. That's 13.4 percent less than the number of units under construction in the first three months of the year and 35.4 percent less than a year ago."
"There were 2,533 units under construction in Durham, Orange and Wake counties in the three months ending June 30, according to the Triangle Apartment Association. That's 13.4 percent less than the number of units under construction in the first three months of the year and 35.4 percent less than a year ago."
Legs for the Triangle Office Market
newsobserver.com | Real Deals:
"CB Richard Ellis/Torto Wheaton Research... predicts the region's net absorption rate -- a measure of demand from tenants -- will be 6.2 percent in the next two years. That's above the predicted national average of 1.5 percent and 2.6 percent growth between 1996 and 2000."
"CB Richard Ellis/Torto Wheaton Research... predicts the region's net absorption rate -- a measure of demand from tenants -- will be 6.2 percent in the next two years. That's above the predicted national average of 1.5 percent and 2.6 percent growth between 1996 and 2000."
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