Steve Stroud Jimmy Barnes Jim Adams

NAI Global Honors Steve Stroud, Jimmy Barnes and Jim Adams of NAI Carolantic Realty with Deal of the Year & Top Producer Awards

NAI Global, the world's premier network of commercial real estate brokerage firms and one of the largest real estate service providers worldwide, recognized Steve Stroud, SIOR, Chairman of NAI Carolantic, Jimmy Barnes, SIOR, President of NAI Carolantic, and Broker Jim Adams, as winners of the "Deal of the Year" Award. In addition, they were named Top Producers for performance in 2011.

Stroud, Barnes and Adams won Deal of the Year for selling over $600 million in notes to date for a major regional bank in North Carolina. The Deal of the Year award is based on a combination of factors, including the size of the transaction, its strategic importance and the broker's performance in satisfying the client's objectives.

The awards were presented in a ceremony on February 8th at the NAI Global 2012 Convention in Las Vegas. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.

Steve Stroud, Jimmy Barnes, Jim Adams, and Kyle Greer of NAI Carolantic Realty Named to NAI Global Elite


NAI Global named Steve Stroud, SIOR, Chairman of NAI Carolantic, Jimmy Barnes, SIOR, President of NAI Carolantic, as well as Brokers Jim Adams and Kyle Greer to the NAI Global Elite, a group comprised of the organization's top performers and top producers. Stroud, Barnes, Adams and Greer qualified as Top Producers at the Elite level based on production in 2011. The award was presented at the NAI Global 2012 Convention held in Las Vegas on February 8th.

NAI Carolantic Realty on Target with Commercial Real Estate Forecasts

Steve Stroud, SIOR & Dr. Peter Linneman

At last year's conference, NAI Carolantic predicted that 2011 would be a painfully slow recovery year, but that we would see bottom. They were right on target once again. We finished the year with a drop in vacancy in the multipurpose and office sectors and remained the same in retail. We also had increases in absorption in all but two submarkets. That was the message to more than 1,700 business and community leaders who gathered at Raleigh's RBC Center Wednesday, January 18th for the 27th 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 an accurate bellwether on the health of the region's overall economy.

Steve Stroud, SIOR, Chairman of NAI Carolantic, welcomed attendees noting NAI Carolantic was celebrating "Forty Years of Forward Thinking." He also said he was glad to be there given a tractor accident three months earlier. He thanked family, his team at NAI Carolantic and friends for their numerous acts of kindness during his recovery.


Jimmy Barnes, SIOR

Following Stroud's comments, NAI Carolantic President Jimmy Barnes, SIOR took center stage to review the past year's commercial real estate landscape and offered Carolantic's forecast for 2012.

"Remember, leasing is big business, as it has been reported there is over a trillion dollars nationally in lease obligations for public companies alone. We are finally making headway, but nowhere near where we were in 2007. The national capital markets are affecting business here in the Triangle. The primary stories are lots of money available but also billions of dollars of maturing debt. Local and community banks are trying to work with their customers, but vacancies and declining values are big obstacles. In addition, a lack of institutional grade, Class A product, low interest rates, and an abundant money supply have driven up activity and consequently prices. The Triangle has benefited from this activity with large transactions in the apartment market ($850 million) as well as the office market. There is still a lot of political unrest, but we are seeing a national recovery, and our local real estate market is as active as we have seen it over the last 36 months. Nothing robust, but we are optimistic moving into 2012", said Barnes.

NAI Carolantic's survey and analysis showed that, in a market of almost 240 million square feet of office, multipurpose and shopping center space, nearly 32 million square feet remained vacant at year-end. "Vacancy decreased slightly in the office and multipurpose sectors, and the shopping center market remained at 6% for the third year in a row. Absorption improved slightly in 2011 and we expect minimal construction in the first quarter of 2012. The apartment market continues to be on fire with the vacancy rate the lowest in the past decade," said Barnes.

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NAI Carolantic Realty Names New Vice President

Kerry Saunders Vice President

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.

Attention Investors:

Be sure to visit the new website: www.assetresolutiongroup.com for a list of available REO properties for sale in the Southeast US. For additional information, please email us at questions@naicarolantic.com

NAI Carolantic Realty Receives Champion Award

NAI Carolantic Realty received the Trendsetter Award on April 28th at the 13th Annual Champion Awards hosted by Triangle Commercial Real Estate Women (TCREW). The award is given "to an individual or company who was willing to take a risk in commercial real estate in an innovative way which was later adopted by many others". Over 350 business leaders attended the event held at the Sheraton Imperial Hotel.

Below is the text from the presenter Lynda Loveland of Mix 101.5 regarding the Trendsetter Award:

The biggest difference between a trend and a fad is the length of time each one exists. Our Trendsetter winner has existed for over 25 years, so it certainly is not a fad. It has actually become an industry staple for over 1,800 business and community leaders, as well as others related to the commercial real estate industry. Providing an honest and sometimes brutally objective insight into our market, as well as offering a forecast which they hold themselves accountable, our winner has spawned many smaller such events for competitors and business partners alike.

For their highly respected Annual Triangle Commercial Real Estate Conference, we salute our Trendsetter, NAI Carolantic Realty.

Celebrating over 40 years of commercial real estate leadership in the Triangle and across North Carolina

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