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NAI Carolantic Office
29th Annual Triangle Commercial Real Estate Conference
2014 NAI Carolantic Report
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.
Steve Stroud, Ed Brown, Scott Hadley, & Kyle Greer Named NAI Global Elite
NAI Global, the world's largest global network of commercial real estate brokerage firms and one of the largest real estate service providers worldwide, recognized several NAI Carolantic brokers in its annual incentives and recognition program, the NAI Global Elite. The program honors individuals placing multimarket business requirements with fellow NAI Members as well as top performers who are handling the highest volume of multimarket business among the NAI network. Steve Stroud, SIOR, Chairman of NAI Carolantic was recognized as one of only three Platinum Elite Top Producers. Ed Brown, SIOR, CCIM was recognized as one of eight Silver Elite Performers. Scott Hadley and Kyle Greer were recognized as select Elite Performers. The awards were presented at the 2014 NAI Global Convention. Over 700 brokers and invited guests attended the event which was held in Las Vegas
Steve Stroud, SIOR,
Chairman of NAI Carolantic
Ed Brown, SIOR, CCIM
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
Fourth Quarter 2013-14, The Linneman Letter: From Stifled To Stellar
In our continuing effort to keep our clients informed of the latest market conditions, we are providing the Fourth Quarter 2013-14 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.
New Broker Joins NAI Carolantic Realty
NAI Carolantic Realty is pleased to welcome Hunt Wyche who has recently joined the firm as a Broker. "We are pleased to have Hunt join our brokerage team. He has a proven ten-year track record of handling warehouse/flex leasing, owner-occupant sales and investment sales. He has a passion for helping his clients be successful," said Steve Stroud, SIOR, Chairman of NAI Carolantic. Mr. Wyche has won numerous awards from the Triangle Commercial Association of Realtors (TCAR) to include being inducted as a Lifetime Member of the Million Dollar Leasing Club. He has also served for two years on the TCAR Executive Board Committee. Prior to joining NAI Carolantic, Mr. Wyche was Vice President of Brokerage and Sales for Commercial Associates, Inc.
A Raleigh native, Mr. Wyche completed a degree in Real Estate and Finance from Appalachian State University in Boone, NC. He is involved with a number of area chambers and a variety of local charities.
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.
NAI Carolantic's 2013 Commercial Real Estate
NAI Carolantic's 2013 Commercial Real Estate Conference App for iPad® and iPhone® is now available on the App StoreSM.
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 see the latest trends of companies looking for space.
Airpark Business Center
598 Airport Blvd., Suites 200-700, Morrisville, NC
Shoppes at Battle Bridge
Battle Bridge Rd. & Rock Quarry Rd., Raleigh, NC