newsobserver.com | Investors buy downtown site for four-tower building
Edison Land, LLC bought 2.68 acres for $12.1M ($103/sf) across the street from Highwoods new RBC tower.
Deal Summary:
-$3.7M from Oakland Capital in Charlotte
-$5.6M debt from BAC
-$2.8M seller financing from Progress Energy
Friday, October 31, 2008
Thursday, October 16, 2008
Lafayette Village ~ North Raleigh, NC
Lafayette Village ~ North Raleigh, NC
What's this? Debt capital? The crisis has defintely hit NC but here's a sign of the bullishness that still permeats the region.
Paul Bronson and a group of "inexperienced retail developers" have secured a $15.9M loan to build out this $20M project in N Raleigh.
In Jack Hagel's N&O article Bronson talks about being selective on his tenant mix:
"It's kind of like when you have a cashmere jacket and a cheap tie," Bronson says. "It just doesn't look right. I can't have burger smell wafting through my plaza."
This may be the most gutsy development in the Triangle. Going after 73,000SF of boutigue shops with $26/SF space. That's a lot of coffee, chocolate, cafe's and hair-dos. There are tons of cheaper options for retailers not to mention the expectation that recession fears will hurt high-end retailers in 2009.
Great location, great concept, I hope they can overcome the tough timing.
What's this? Debt capital? The crisis has defintely hit NC but here's a sign of the bullishness that still permeats the region.
Paul Bronson and a group of "inexperienced retail developers" have secured a $15.9M loan to build out this $20M project in N Raleigh.
In Jack Hagel's N&O article Bronson talks about being selective on his tenant mix:
"It's kind of like when you have a cashmere jacket and a cheap tie," Bronson says. "It just doesn't look right. I can't have burger smell wafting through my plaza."
This may be the most gutsy development in the Triangle. Going after 73,000SF of boutigue shops with $26/SF space. That's a lot of coffee, chocolate, cafe's and hair-dos. There are tons of cheaper options for retailers not to mention the expectation that recession fears will hurt high-end retailers in 2009.
Great location, great concept, I hope they can overcome the tough timing.
Monday, October 13, 2008
Wall Street explodes in historic one-day surge
Wall Street explodes in historic one-day surge - Stocks & economy- msnbc.com
exerpted.
Wall Street stormed back from last week's devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments' plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent
exerpted.
Wall Street stormed back from last week's devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments' plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent
Friday, October 10, 2008
Tuesday Morning Coming to Knightdale - CoStar Group
Tuesday Morning Coming to Knightdale - CoStar Group
excerpted...
Tuesday Morning Coming to Knightdale
Retailer Takes 8,450 SF for New Store at Knightdale Crossing
Upscale closeout retailer Tuesday Morning signed a five-year lease to occupy 8,450 square feet at Knightdale Crossing in Knightdale, NC. This will be Tuesday Morning's first store in Knightdale.
The 63,547-square-foot retail center was constructed in 1986 and is anchored by Peak Fitness. It is at the southwest corner of Knightdale Blvd. and N. Smithfield Road in the Northeast Wake County submarket.
Mike Peebles of Peebles Commercial Realty represented the landlord, Income Properties of Raleigh, while Jim Clark of Equity & Investors Management represented the tenant.
excerpted...
Tuesday Morning Coming to Knightdale
Retailer Takes 8,450 SF for New Store at Knightdale Crossing
Upscale closeout retailer Tuesday Morning signed a five-year lease to occupy 8,450 square feet at Knightdale Crossing in Knightdale, NC. This will be Tuesday Morning's first store in Knightdale.
The 63,547-square-foot retail center was constructed in 1986 and is anchored by Peak Fitness. It is at the southwest corner of Knightdale Blvd. and N. Smithfield Road in the Northeast Wake County submarket.
Mike Peebles of Peebles Commercial Realty represented the landlord, Income Properties of Raleigh, while Jim Clark of Equity & Investors Management represented the tenant.
Monday, October 06, 2008
BAC: Huge News all Piled Together
Finally, Relief for Homeowners: BofA Settles Predatory Lending Suit: Tech Ticker, Yahoo! Finance
1. Agrees to $8.6B predatory lending settlement
2. Announces earnings of $0.15 (68% below estimates)
3. Announces 50% cut in dividend
4. Will issue $10B in new common stock
I knew it was too ambitious to expect them to maintain the dividend.
1. Agrees to $8.6B predatory lending settlement
2. Announces earnings of $0.15 (68% below estimates)
3. Announces 50% cut in dividend
4. Will issue $10B in new common stock
I knew it was too ambitious to expect them to maintain the dividend.
Cramer Predicts the Future
James J. Cramer on the Future of Wall Street After the Great Nationalization -- New York Magazine
Here's a great article on this bail out business by the Mad Money man Jim Cramer.
He's been calling for an 8300 DJIA and appears to be right.
Buy on the rumor, sell on the news.
Here's a great article on this bail out business by the Mad Money man Jim Cramer.
He's been calling for an 8300 DJIA and appears to be right.
Buy on the rumor, sell on the news.
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