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NAI Carolantic Office
29th Annual Triangle Commercial Real Estate Conference
2014 NAI Carolantic Report
Now What Are The Fed's Options?
In our continuing effort to keep our clients informed of the latest market conditions and how it could impact your business decisions, we are providing the Second Quarter 2014 condensed Linneman Letter. As you 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.
Get the report by clicking here.
Back issues of The Linneman Letter can also be found on our website under Market Research.
Please let us know if we can be of service to you.
Kerry Saunders Receives TCREW Impact Award
Kerry Saunders, Vice President & Marketing Director
NAI Carolantic Realty congratulates their Vice President & Marketing Director, Kerry Saunders, who was recently chosen to be the recipient of the Triangle CREW Impact Award. As TCREW's highest honor, the award is presented to an individual who has made a significant contribution to, or who has had a significant positive influence on the Triangle's commercial real estate industry. The award was presented at the Triangle Commercial Real Estate Women's (TCREW) Annual Champion Awards luncheon held on May 1st. Over 350 business leaders attended the event held at the Embassy Suites in Cary, North Carolina.
In an article written by Triangle Business Journal reporter Mandy Jones-Hoyle she indicated Kerry has touched on and played an integral role in the growth and development of almost every association and organization affiliated with the commercial real estate industry. She has also been the driving force behind NAI Carolantic's Annual Triangle Commercial Real Estate Conference which has grown to more than 1,700 attendees and is held at the PNC Arena every January.
"Kerry is a crucial member of our NAI Carolantic team. She has an incredible work ethic, tremendous integrity and is very professional in all that she does for our firm. She has also made significant contributions to NAI Global serving on the Leadership Board of the NAI Global Women's Alliance and was previously the NAI Global Vice Chair of the Marketing Council. She is highly regarded among other commercial real estate professionals and business leaders throughout the Triangle and North Carolina. Frankly, without her, this company wouldn't be what it is today," said Chairman Steve Stroud.
Click here for more information
Click here to see the video presented at the Champion Awards
NAI Carolantic's 2014 Commercial Real Estate
NAI Carolantic's 2014 Commercial Real Estate Conference App for iPad and iPhone is now available.
Developer of 3515 Glenwood Ave. Office Building Retains NAI Carolantic Realty
NAI Carolantic Realty has been retained by Triple Crown Properties, LLC to exclusively handle the marketing of their new 72,000 square foot Class A office building to be known as 3515 Glenwood. This three-story LEED certified office building will be located on Raleigh's premier business corridor with an exclusive building signage opportunity, as well as prominent monument signage visible to 29,000 per day. Sixty-reserved covered parking spaces are provided in the lower level parking garage in addition to over 280 surface spaces. The project is the first office building to be built inside the Raleigh Beltline since 2007 and is located at a dedicated stoplight at Glenwood and Pasquotank Drive.
Click here for more information.
NAI Carolantic Realty Broker Receives 40 Under 40 Award
NAI Carolantic broker, Moss Withers was named as a "40 Under 40" Leadership Award winner by Triangle Business Journal. The award recognizes 40 of the most influential and highly accomplished young leaders in the Triangle Region. The winners were selected based on their contributions to their company and the community.
Mr. Withers joined NAI Carolantic in 2009 as an intern while completing his MBA at North Carolina State University. He quickly distinguished himself as a strong member of NAI Carolantic Realty and a top producer in the local commercial real estate market. He works daily with his business mentor and NAI Carolantic Chairman, Steve Stroud, along with other team members and has climbed quickly into a person to watch in this community. His individual deal volume between 2012 and 2013 consisted of 94 transactions totaling over $30,000,000. Within the first two months of 2014, he has over $35,000,000 in land transactions under contract in and around the Triangle region.
Click here for more information.
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
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's Strategic Partnership with Alliance Commercial Property Management Co.
NAI Carolantic Realty has a strategic partnership with Alliance Commercial Property Management Company who also handles property management for NAI Piedmont Triad in Greensboro, NAI BH Commercial in Asheville, NAI Knoxville, NAI Liberty Commercial in Lynchburg, and NAI Savannah. Alliance currently manages over six 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 is now also the Chief Financial Officer of the management company. Linda Davenport, RPA, a Senior Property Manager formerly with NAI Carolantic for over 25 years, is part of the Alliance property management team which has seasoned professionals with combined experience of over 120 years. For more information on Alliance, visit the website below:
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 see the latest trends of companies looking for space.
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2968 Kildaire Farm Road