Patient Capital Usually Wins

Highwoods has only purchased one building this year according to the N&O and that one is in Richmond. Locally they are in a disposition mode. It makes sense though as many of their local assets are fully stablized mature buildings. Now the REIT is seeking higher returns by deploying capital into the strength of Raleigh's market in the form of new development.

Read Hagels' article on the subject here. newsobserver.com REIT patient for value

Raleigh's $2B Facelift Raises All Boats

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

Dix Land still under Debate

Grand urban park or more mixed use development?

The 300-acre site near downtown Raleigh is the subject of much debate.

What do you think?

newsobserver.com Proposed Dix-NCSU land swap sets up a tussle

Highwoods Sells 3 Parks for $16.5M in Greensboro/Winston-Salem - CoStar Group

The Southeast's largest developer and owner of commercial real estate announces new activity on Greensboro. The REIT has sold 3 flex buildings at just under $42 per SF. They will plow $5.5M of the proceeds right back in to the area in the form of 120,000SF distribution facility.

Ed Fritsch sites the Dell and FedEx facilities as positive signs in the region.

Read the presser: Highwoods Sells 3 Parks for $16.5M in Greensboro/Winston-Salem - CoStar Group