Is the time right to buy downtown? Many long-time landowners are finding that it is definitely the right time to sell.
Highlights:
* Raleigh Land Co. paid $1.42 million for a pair of three-story buildings totaling 10,000 square feet on 0.08 of an acre at the corner of Martin and Wilmington streets. The price is almost 16 times what seller 20 Market Street Plaza paid for the properties in the early 1980s, according to Wake County records.
* Herndon & Herndon Enterprises of Raleigh paid $535,000 for a 2,072-square-foot building on 0.12 of an acre at 101 S. Blount St, according to a deed filed last month.
Read Jack Hagel's entire article on recent downtown sales.
newsobserver.com Downtown Raleigh sale shows price jump
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