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John Deere and Orvis get into the "signature homes" game. Smart marketing is what it is...
Friday, September 30, 2005
Watergate building sold - 2005-09-29
Watergate building sold - 2005-09-29:
"The purchase price of about $90 million -- or about $455 per square foot -- is a bit above the average building sales price in Washington but less than the record prices seen in the past year of more than $600 per square foot. "
"The purchase price of about $90 million -- or about $455 per square foot -- is a bit above the average building sales price in Washington but less than the record prices seen in the past year of more than $600 per square foot. "
Thursday, September 22, 2005
Triangle Tops for Tech Business
newsobserver.com | Business
Here's yet another survey pointing to our great area...a good reason to be bullish on local real estate don't you think?
Here's yet another survey pointing to our great area...a good reason to be bullish on local real estate don't you think?
Tuesday, September 20, 2005
Running on Veggie Oil
newsobserver.com Growth:
This isn't a pure real estate story but I'm not a real estate only guy...I have inherited a foundness for diesel engines from my Dad...here's another reason to love them...
"'People are always asking me about it,' Fowler said. 'They want to know, 'How's the pickup? Does it run as good as a diesel?' I can honestly say it does.'"
This isn't a pure real estate story but I'm not a real estate only guy...I have inherited a foundness for diesel engines from my Dad...here's another reason to love them...
"'People are always asking me about it,' Fowler said. 'They want to know, 'How's the pickup? Does it run as good as a diesel?' I can honestly say it does.'"
Monday, September 19, 2005
McConnell Dealing ITB
newsobserver.com Growth
John McConnell recently paid $700,000 for 7.62 acres across from his Raleigh Country Club. This could be the beginning of the transformation that East Raleigh desperately needs.
Good show JMc.
John McConnell recently paid $700,000 for 7.62 acres across from his Raleigh Country Club. This could be the beginning of the transformation that East Raleigh desperately needs.
Good show JMc.
Sunday, September 18, 2005
newsobserver.com | NC: Triangle Foreclosures Down
In all, 1,530 homes were seized by lenders from April through June after people defaulted on their mortgages, according to data from the N.C. Administrative Office of the Courts. That's down from 1,648 for the same period in 2003, the year total foreclosures peaked in the Raleigh-Cary and Durham metropolitan statistical areas.
Wednesday, September 14, 2005
Murdock's Vision Unvealed in Kannapolis
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This is big stuff...talk about a public private partnership...interesting to watch the politicians fall all over themselves to give money to this developer who clearly dosn't need it...
The nearly $1 billion idea turns out to be a massive scientific and economic revitalization project that will encompass the former Cannon Mills plant and entire downtown area of Kannapolis. And to do it in about five years while creating about 35,000 jobs.
This is big stuff...talk about a public private partnership...interesting to watch the politicians fall all over themselves to give money to this developer who clearly dosn't need it...
The nearly $1 billion idea turns out to be a massive scientific and economic revitalization project that will encompass the former Cannon Mills plant and entire downtown area of Kannapolis. And to do it in about five years while creating about 35,000 jobs.
Monday, September 12, 2005
To invest or not in New Orleans
newsobserver.com Business:
I must admit the thought has crossed my mind. Shouldn't Katrina cause a huge buying opportunity? If so is it ethical to capitalize on such a thing? They say you make your money when you buy...you decide.
from today's N&O: "It's a running joke Hugo was the best thing that happened to South Carolina because of all the government money that helped rebuild Charleston."
I must admit the thought has crossed my mind. Shouldn't Katrina cause a huge buying opportunity? If so is it ethical to capitalize on such a thing? They say you make your money when you buy...you decide.
from today's N&O: "It's a running joke Hugo was the best thing that happened to South Carolina because of all the government money that helped rebuild Charleston."
Reynolds Development Vision
newsobserver.com | Business
"When the Hurricanes win the Stanley Cup, they're not going to have a ticker tape parade out on Six Forks Road," said David Reynolds. "They're going to have it on Fayetteville Street and Hillsborough Street. It's a focal point for our whole community."
"When the Hurricanes win the Stanley Cup, they're not going to have a ticker tape parade out on Six Forks Road," said David Reynolds. "They're going to have it on Fayetteville Street and Hillsborough Street. It's a focal point for our whole community."
Wednesday, September 07, 2005
Borland Bolts
Commercial - bizjournals.com
Once a huge user of space on Centennial Campus, TogetherSoft leaves town.
Once a huge user of space on Centennial Campus, TogetherSoft leaves town.
newsobserver.com | Business: Downtown Durham Deals Continue Rehab
newsobserver.com | Business
"There were a lot of people sitting on the sidelines not sure whether they could believe us when we told them that American Tobacco was going to happen, and then it started to happen and it set off a buying frenzy in our center city district," says Bill Kalkhof, president of Downtown Durham, a city booster group.
"There were a lot of people sitting on the sidelines not sure whether they could believe us when we told them that American Tobacco was going to happen, and then it started to happen and it set off a buying frenzy in our center city district," says Bill Kalkhof, president of Downtown Durham, a city booster group.
N&O: Apartments Sold in Durham
newsobserver.com | NC
DURHAM -- Colonial Properties Trust of Birmingham, Ala., and a partner paid $31.75 million, or about $85,811 per unit, for Alta Trace apartments at 400 Stone Lion Drive.
The complex was built in 2002 and is 92.4 percent occupied. Since the acquisition closed last month, the partners have renamed the 370-unit complex the Colonial Grand at Research Park.
Colonial owns or manages 47,700 apartment units, 8.3 million square feet of office space and 13.5 million square feet of retail shopping space.
DURHAM -- Colonial Properties Trust of Birmingham, Ala., and a partner paid $31.75 million, or about $85,811 per unit, for Alta Trace apartments at 400 Stone Lion Drive.
The complex was built in 2002 and is 92.4 percent occupied. Since the acquisition closed last month, the partners have renamed the 370-unit complex the Colonial Grand at Research Park.
Colonial owns or manages 47,700 apartment units, 8.3 million square feet of office space and 13.5 million square feet of retail shopping space.
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