Industrial Broker Zach Miller of Trinity Partners reports he sees more E-commerce clients wanting to enter our market, seeking space anywhere from 40 to 200K SF. With space tight and warehouses expensive to build, Zach actively considers how to fill these needs and seeks land to build new warehouses. He also sees a very tight flex market in Raleigh.
For 2018, member David Koehler of Wells Fargo foresees continued growth in the Charlotte and Raleigh markets as well as growth in suburban sectors and activity in townhome and office space. He continues to see ample outside investment coming into NC. David also reports Wells Fargo’s new hotel franchise financing group is experiencing strong activity out of the gate.
Member Scott Hadley of NAI Carolantic reports some of the Triangle’s outlying areas, like Sanford and Rocky Mount, are aggressive about securing new business, pointing to a community of engaged business and community leaders, like founding member Kirk Bradley in Sanford, for the areas’ welcoming business climate.
Founding member Kirk Bradley of Lee-Moore Capital Company and member Tom White of NC State both commented that North Carolina is a finalist for Toyota/Mazda’s joint $1.6 billion EV factory pursuit in the U.S., looking at the Greensboro-Randolph megasite. Kirk said the possibility has triggered many economic development requests by other businesses who would serve as factory suppliers. The announcement … Read More
Long-time member Marcus Jackson, a TradeMark Properties broker focused on the Triangle and Triad’s urban cores, uses “plateau” to depict downtown Raleigh’s current land market and “shifting sands” to describe downtown Raleigh as power centers and office shift from the still-viable Fayetteville Street District to the growing Warehouse District, thanks in part to member Kane Realty’s The Dillon and Raleigh’s … Read More
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
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
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
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
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