Thursday, January 26, 2006

Cary Homeowners have enough of HOA

newsobserver.com Growth:

Power to the people brother...Cary has a reputation for attracting folks who like these picky HOAs...good to see that a common sense majority is starting to prevail...

"Just ask the people of the Parkway subdivision in west Cary. Earlier this month, a band of insurgents staged a coup d'etat and purged the 1,682-home association's entire board."

Little Big Man does it again!!

Venture Capital - bizjournals.com:

John McConnell continues to proove why he is one if my business heroes...as he builds and sells A4 to..."Allscripts for $272 million in a cash-stock deal. In 1999, the company was valued at $12 million."

Panthers Produce Payday

General - bizjournals.com:

Interesting article on the value of the Carolina Panthers football team...

"'This NFL merry-go-round is like nothing I've ever seen,' he says. 'It defies logic. Every time you think it can't go higher, it does. Having an NFL franchise is a precious commodity, and the values reflect that.' "

WakeMed Buys Highwoods Building

newsobserver.com Business:

3261 Atlantic Ave sells for $5.6M (63,797 square feet)

"The 20-year-old building was 57 percent leased at the end of 2005. It is likely to be occupied by the Raleigh-based hospital system."

Craig Davis Plans 130 acre development in N Raleigh

newsobserver.com North Carolina

CDP and Rex Healthcare announce plans for 200,000 square feet of mixed use.

Preserve at Brier Creek Sells for $25.7M

Mid-America acquires apartment community - 2006-01-23

Investors continue the rush to NC residential real estate.

Commercial Real Estate Off to the Races in 2006

Investors cash in with $100M sale - Triangle - MSNBC.com

Combine this sale with the $251M Parker Lincoln deal and the Triangle is well on it's way to another record year in 2006.

Record $251M Size Deal in NC

CoStar Group, Inc. - News Article

New York based group acquires the Parker-Lincoln Portfolio in the largest commercial real estate transaction in NC since Highwoods went public.

Saturday, January 07, 2006