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NAI Carolantic Office
29th Annual Triangle Commercial Real Estate Conference
2014 NAI Carolantic Report
NAI Carolantic's 2014 Commercial Real Estate
NAI Carolantic's 2014 Commercial Real Estate Conference App for iPad and iPhone is now available.
First Quarter 2014, The Linneman Letter: Economic Theory: Reasons For Sluggish Growth
In our continuing effort to keep our clients informed of the latest market conditions, we are providing the First Quarter 2014 condensed Linneman Letter. As you may know, The Linneman Letter is a report written by our NAI Global Economist, Dr. Peter Linneman formerly at the Wharton School of Business, the University of Pennsylvania. Click here for a copy of the Letter. (Back issues of The Linneman Letter can be found under Market Research.) Please let us know if we can be of service to you.
NAI Carolantic Realty Brokers Receive TCAR Frontier Awards
Eight NAI Carolantic brokers were recently presented with awards at the 2014 Triangle Commercial Association of Realtor's Annual President's Frontier Awards breakfast. The TCAR event, held at Carolina Country Club in Raleigh, was established to recognize the diligent work and efforts of members as well as those bringing about change in the community.
The following awards were presented to NAI Carolantic brokers:
Million Dollar Land Sales Club
William Kyle Greer and Moss Withers, were recognized for membership into TCAR's 2013 Million Dollar Land Sales Club. Entrance into this club was determined by having a minimum sales volume of $5 million.
Million Dollar Office Leasing Club
Robin Roseberry Anders, SIOR and Dee Creech Osborne, SIOR were recognized for membership into TCAR's 2013 Million Dollar Office Leasing Club. Entrance into this club was determined by two of three factors: total leasing volume of $5 million or more, 10 or more transactions for the year and/or leases totaling a minimum of 100,000 rentable square feet.
Million Dollar Industrial Leasing Club
Ed Brown, SIOR, CCIM, Scott Hadley, Dee Creech Osborne, SIOR and John Hibbits were recognized for membership into TCAR's 2013 Million Dollar Industrial Leasing Club. Entrance into this club was determined by two of three factors: total leasing volume of $3 million or more, 10 or more transactions for the year, and/or leases totaling a minimum of 100,000 rentable square feet.
Lifetime Million Dollar Land Sales Club
William Kyle Greer was recognized for having made the Million Dollar Land Sales Club for five of the last seven years.
Lifetime Million Dollar Office Leasing Club
Robin Roseberry Anders, SIOR was recognized for having made the Million Dollar Office Leasing Club for five of the last seven years.
Lifetime Million Dollar Industrial Leasing Club
Ed Brown, SIOR, CCIM was recognized for having made the Million Dollar Industrial Leasing Club for five of the last seven years.
Rising Star Award
Hunter Stewart was given the Rising Star Award which is awarded to a broker with less than three years in commercial real estate and demonstrated leadership qualities, involvement in the community, and a high level of production during his or her years in the industry.
Previous Lifetime Million Dollar Winners include:
Sales Club: Ed Brown, SIOR, CCIM
Land Sales: Steve Stroud, SIOR
Industrial Leasing: Dee Creech Osborne, SIOR & Hunt Wyche
NAI Carolantic Named NAI Global Member of the Year
NAI Carolantic was named NAI Global Member of the Year. The award recognizes NAI Global Member firms for their leadership within the network and commitment to the organization's strategic vision, as well as performance and growth. NAI Global is the largest, most powerful global network of owner-operated commercial real estate brokerage firms.
"NAI Carolantic continues to demonstrate great commitment to NAI Global, and we are very proud of their achievements and contributions to the organization," said Jay Olshonsky, President of NAI Global. "They exemplify how our local market leadership is driving growth, and how Members are using the full power of the NAI Global network to help drive their business."
The awards were given at the NAI Global Convention in Las Vegas, and recognized a total of three firms by region – North America East, North America West, and International. NAI Carolantic took top honors for North America East. The winners were chosen based on their ability to positively promote the NAI Global network, drive business, engage with fellow members, provide leadership within the organization and overall performance.
NAI Carolantic Reports a Year of Recovery
As they predicted for 2013, NAI Carolantic reported all product categories were recovering well and we can expect to see continued improvement in 2014. The office market had over 1.6 million square feet under construction, the highest annual starts since 2008. The office and industrial markets absorbed over four million square feet in 2013, compared to just 177,000 square feet in 2008. Shopping center vacancy was the second lowest in ten years. "Overall the commercial real estate market is performing well with continued room for upward growth," said Jimmy Barnes, SIOR, President of NAI Carolantic. That was the message to more than 1,700 business and community leaders who gathered at Raleigh's PNC Arena January 15th for the 29th Annual Triangle Commercial Real Estate Conference hosted by NAI Carolantic Realty. The Conference is considered the authoritative "state of the market" report on the Triangle's real estate sector, and general health of the region's overall economy. Special thanks was given to their Corporate Sponsors: Bobbitt Design Build, celito.net, Dixon Hughes Goodman LLP, JDavis Architects PLLC, Manning Fulton & Skinner, P.A., TriSure, Tryon Title, Wells Fargo, Withers & Ravenel Inc.
Steve Stroud, SIOR, Chairman of NAI Carolantic
Jay Olshonsky, President of NAI Global
James M. Barnes, SIOR, President
Dr. Peter Linneman
NAI Global Economist
Click here to see more about the 29th Annual Triangle Commercial Real Estate Conference
Developer of 751 South Retains NAI Carolantic Realty
NAI Carolantic Realty has been retained by Southern Durham Development to exclusively handle the marketing of its new development known as 751 South. This 167-acre regional, mixed-use development is located in southern Durham County at the intersection of NC Hwy. 751 and Fayetteville Road. The project, less than two miles from the Streets at Southpoint, will feature 300,000 square feet of Class A office space, up to 1,300 residential units, a fire station site and new sheriff's substation, along with an elementary school. It will also include a 300,000 square foot retail component anchored by a high quality grocer and mix of restaurants and retailers.
"We assembled an internationally-renowned team of urban planners and designers with the goal of creating a very livable, sustainable development that would attract national attention. The commercial core of 751 South is designed to accentuate a live, work and play community with retail that can stand on its own. We are confident the team at NAI Carolantic Realty will provide the necessary real estate expertise to see this development through its various phases." said Alex Mitchell with Southern Durham Development.
To learn more about 751 South, visit their website at www.751south.com and call Kyle Greer, Moss Withers, or Robin Anders, SIOR, Brokers at NAI Carolantic Realty, 919-832-0594.
Steve Stroud, SIOR Named to TBJ's 100 Most Influential Business Leaders
NAI Carolantic founder and Chairman, Steve Stroud, SIOR was named as one of the Triangle Business Journal's 100 Most Influential Business Leaders. Selected by TBJ editors, the list includes people in business, education, philanthropy and government. They were selected for making an unparalleled contribution in forwarding the collective goal of being one of the best places in the country to live, work and play. As stated by Editor Sougata Mukerjee, the list included individuals they believed would continue to make a substantial contribution in the coming years.
"I am deeply honored to be given this recognition by the Triangle Business Journal Editors. We are very fortunate to live in the Triangle region and I am optimistic that this community will continue to grow and thrive as people commit to taking the time to give back. I believe we all want the next generation to reap the rewards of our hard work and dedication," said Stroud.
NAI Carolantic Realty forms Strategic Partnership with Alliance Commercial Property Management Co.
NAI Carolantic Realty has announced the formation of a strategic partnership with Alliance Commercial Property Management Company headquartered in Greensboro, NC. Effective immediately, NAI Carolantic's property management operations will be merged with Alliance who also handles property management for NAI Piedmont Triad in Greensboro. Alliance currently manages over 2.5 million square feet of office and retail space, including 25 retail properties in North and South Carolina.
"This partnership allows us to strengthen our commercial property management capabilities, expanding our business throughout the region," said Steve Stroud, Chairman of NAI Carolantic Realty. Operating Manager of Alliance Commercial Property Management, Jimmy Black noted the opportunity provides a dynamic platform from which to continue to grow and expand in the Southeast. Bryant Stoneham, CPA, currently CFO for NAI Carolantic will now also become the Chief Financial Officer of the management company. Linda Davenport, RPA, a Senior Property Manager with NAI Carolantic for over 25 years, will become part of the Alliance property management team which has seasoned professionals with combined experience of over 120 years.
Celebrating over 40 years of commercial real estate leadership in the Triangle and across North Carolina.
Prospect Activity Report
NAI Carolantic is the only commercial real estate brokerage firm to track prospect activity in our Region.
Click here to download the latest trends of companies looking for space.
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