newsobserver.com North Carolina: "Entrepreneurs who filed for incorporation in the last month represented a wide variety of industries with a heavy tilt toward service-producing businesses."
If history holds, about half of these (1,193) new companies will survive past the 2-year mark and continue to fuel the economy...go entrepreneurs go!
Thursday, December 15, 2005
More than Biotech and Basketball
newsobserver.com | Business: RTP may conjure notions of high tech college anchored towns to most people but it is also a increasingly bullish area for banking and real estate.
This N&O article is full of interesting stats some of which I have pasted below:
"Between 2000 and 2004, Wake County ranked No. 5 nationally in the number of new homes added -- 45,000, according the Census Bureau. The Triangle added more than 75,000 homes in that period, mostly in dozens of new subdivisions."
Measured in deposits, the Triangle banking market has increased 28 percent to $18.7 billion since 2002. But the number of branches is flat at 375, suggesting room for growth.
The Triangle added 22,775 jobs between January and the end of October, up almost 50 percent from the same period last year, according to the N.C. Employment Security Commission.
That may have contributed to a 47 percent increase in new apartment units in Durham, Orange and Wake counties 12 months ended Sept. 30, according to the Triangle Apartment Association.
In the three months ending Sept. 30, new single-family home permits in the Triangle were up nearly 20 percent from a year earlier, according to Market Opportunity Research Enterprises in Rocky Mount.
This N&O article is full of interesting stats some of which I have pasted below:
"Between 2000 and 2004, Wake County ranked No. 5 nationally in the number of new homes added -- 45,000, according the Census Bureau. The Triangle added more than 75,000 homes in that period, mostly in dozens of new subdivisions."
Measured in deposits, the Triangle banking market has increased 28 percent to $18.7 billion since 2002. But the number of branches is flat at 375, suggesting room for growth.
The Triangle added 22,775 jobs between January and the end of October, up almost 50 percent from the same period last year, according to the N.C. Employment Security Commission.
That may have contributed to a 47 percent increase in new apartment units in Durham, Orange and Wake counties 12 months ended Sept. 30, according to the Triangle Apartment Association.
In the three months ending Sept. 30, new single-family home permits in the Triangle were up nearly 20 percent from a year earlier, according to Market Opportunity Research Enterprises in Rocky Mount.
Wednesday, December 14, 2005
Ah the Lure of the Coast
newsobserver.com Business
Winston Hotels plans to build a 119-room Hilton in Wilmington.
To relay the advice off some of my Sneads Ferry real estate friends. When it comes to land around here, "buy all you can!"
Winston Hotels plans to build a 119-room Hilton in Wilmington.
To relay the advice off some of my Sneads Ferry real estate friends. When it comes to land around here, "buy all you can!"
Wednesday, December 07, 2005
$2.6M for 0.33 acres in Raleigh NC!
TTA ups offer $1M for 1/3 of an acre - 2005-08-31
I love stories like these in which land owners are able to retire from the sale of their property.
I love stories like these in which land owners are able to retire from the sale of their property.
Monday, December 05, 2005
Plant Poised for Picking
newsobserver.com | North Carolina:
"More than a year after Andrx ditched plans to make generic drugs at a big beige plant in Morrisville, brokers trying to unload the property are getting bids indicating its manufacturing days may be over."
Good article about the coming development wave on Morrisville.
"More than a year after Andrx ditched plans to make generic drugs at a big beige plant in Morrisville, brokers trying to unload the property are getting bids indicating its manufacturing days may be over."
Good article about the coming development wave on Morrisville.
Bank on Land!!
newsobserver.com | North Carolina: "Values up in core of Raleigh"
I recently invested in a piece of real estate in Raleigh, NC. Turns out there was a great story behind this deal.
The owner, a widow, was tired of managing the small rental unit by herself and agreed to sell it "for a market price." At the closing table she relayed the story of how she came to own it.
Back in the 60's her husband did a paper route on the side to earn extra cash. Upon visiting this house to collect his paper money he learned that the occupant had passed away. The house was going to be auctioned so he the made an offer...SOLD for $5,000.
For 40 years the woman and her husband have enjoyed a nice income from a property that was essentially purchased with paper route money!
According to this N&0 article Raleigh land is good bet...
I recently invested in a piece of real estate in Raleigh, NC. Turns out there was a great story behind this deal.
The owner, a widow, was tired of managing the small rental unit by herself and agreed to sell it "for a market price." At the closing table she relayed the story of how she came to own it.
Back in the 60's her husband did a paper route on the side to earn extra cash. Upon visiting this house to collect his paper money he learned that the occupant had passed away. The house was going to be auctioned so he the made an offer...SOLD for $5,000.
For 40 years the woman and her husband have enjoyed a nice income from a property that was essentially purchased with paper route money!
According to this N&0 article Raleigh land is good bet...
Saturday, December 03, 2005
Google Searching in Triangle
newsobserver.com | Technology:
"Brokers for Google are scouting spaces smaller than 5,000 square feet that would be available early next year. But it's not clear what the space would be used for."
"Brokers for Google are scouting spaces smaller than 5,000 square feet that would be available early next year. But it's not clear what the space would be used for."
540 Spurring Growth
Commercial - bizjournals.com
CARY - Triangle developers are lining up with plans to plant millions of square feet of office and retail space, hotels and scores of new homes on land at an Interstate 540 intersection that won't even open until August 2007.
CARY - Triangle developers are lining up with plans to plant millions of square feet of office and retail space, hotels and scores of new homes on land at an Interstate 540 intersection that won't even open until August 2007.
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