9/14/17 Raleigh Mastermind Group Meeting

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Guest Eric Vernon, Attorney at Wyrick Robbins Yates & Ponton LLP, new Member and upcoming host and Champion, instigated a lively discussion of the workforce housing need in Raleigh. Speaker Rick Lackey of Real Professionals added that in other cities, redevelopment authorities are turning over old properties to developers for this very purpose. David Koehler, Director of Business Development at … Read More

8/10/17 Raleigh Mastermind Group Meeting

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Member Bonnie Moser, Director of Kane Residential at Kane Realty Corporation, reports on Kane’s multi-family leasing in the Triangle. Park Central in North Hills—a mid-rise with street retail plus a high-rise over it—recently opened, with 25% pre-leased and 10% occupied. The Dartmouth has finished up leasing, and Bonnie expects a sale soon. Kane is kicking off the Tower Four in … Read More

7/13/17 Raleigh Mastermind Group Meeting

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Member Sam DiFranco, Partner, Broker Services with Trinity Partner reports he’s focusing on Rocky Mount, NC, due to the CSX’s Carolina Commuter Intermodal Rail Terminal (CCX). His group just purchased its third industrial building in the area, a food-grade facility, for $6.75/SF on 53 acres, working with a Dallas investment group. He adds this is cheap pricing, but buyers must … Read More

6/8/17 Raleigh Mastermind Group Meeting

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Member Donnie Oldham, President of Sanford Contractors, Inc., says his company is busy: between starting the Greenville Southwest Bypass last month, working on another section of the Fayetteville Outer Loop and ongoing projects with Newland Real Estate Group, LLC at both Briar Chapel and Wendell Falls, it’s no surprise business is thriving. The only downside is the difficulty of securing … Read More

5/11/17 Raleigh Mastermind Group Meeting

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Speaker Chris Chung, CEO of the Economic Development Partnership of North Carolina (EDPNC), a private-public partnership with 60+ employees and its main office in Cary, shared the EDPNC’s five focuses: (1) business recruitment; (2) existing industry support; (3) international trade assistance; (4) small business start-up counseling; and (5) tourism promotion. According to Chung, the small business counselors field 20,000 calls … Read More

4/6/17 Raleigh Mastermind Group Meeting

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Founding member John Fugo of Montgomery Development and Member Andrew Phillips of CT Wilson Construction both expressed concern about a shrinking construction workforce. John reported that the construction industry is losing labor force due to uncertainty about shifting immigration opinion, which affects long-term budgeting and the ability to hold numbers. Andrew commented there is a shortage of tradesman as well … Read More

3/9/17 Raleigh Mastermind Group Meeting

REAL Professionals NetworkRaleigh

Member Dawn Polin of Cherry Bekaert LLP reported completing a cost segregation study for fellow members Kevin Scanlon and Kirk Bradley of Lee-Moore Capital Company. Dawn said they were able to secure a first-year depreciation difference of $730,000 and a first-year tax benefit of $292,000 on a four-building development. With the qualified improvement rules that came in for 2016, LMCC … Read More

2/9/17 Raleigh Mastermind Group Meeting

REAL Professionals NetworkRaleigh

Member Mark Ashness of CE Group reported Apex intends to grow to 89,000 people by 2030, basically doubling its current population of 48,000. By adding 3,000 people per year, the need for retail and office services only increases. Mark is working on the Sweetwater MUD, a 165-acre, mixed-use development on the south side of U.S. 64 in west Apex and … Read More

1/12/17 Raleigh Mastermind Group Meeting

REAL Professionals NetworkRaleigh

Guest speaker, Richard Kaglic, Senior Regional Economist with The Federal Reserve Bank of Richmond shared that information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year. Job gains have been solid in recent months and the unemployment … Read More

12/8/16 Raleigh Mastermind Group Meeting

REAL Professionals NetworkRaleigh

At RPN Raleigh’s December Mastermind Meeting, Founding Members John Fugo of Montgomery Development and Kirk Bradley of Lee-Moore Capital Company noted they operate an established joint entity, Eco Group, LLC, which has been tagged with approximately 350 acres of commercial development for Chatham Park in Pittsboro. In today’s meeting, John said the development team engaged in productive meetings with fellow … Read More