NAI Carolantic Realty Broker Speaks at CCIM Forecast

The North Carolina Chapter of CCIM recently held its 2008 Annual Commercial Real Estate Market Forecast at the North Raleigh Hilton. Ed Brown, SIOR, CCIM, who has been a broker with NAI Carolantic for 20 years, was one of the featured speakers at the March 19th luncheon.

Mr. Brown shared his experiential expertise in industrial leasing by giving a review and forecast of the industrial and flex market in the Triangle Area. His review of the warehouse market spotlighted continued positive absorption but at a slower rate as the economy slows. Mr. Brown pointed out that warehouse acquisition prices paid by new players in our warehouse market will create an upward pressure on rental rates. These rates will also increase as vacancy continues to decline.

As for the flex market, Mr. Brown anticipates that the total market's vacancy will slowly decrease with positive absorption over the next two years. However, Mr. Brown sees water as the greatest future challenge to the industry and stated that unless the community can commit to investing in new water sources to guarantee supply, the market could be damaged by acquiring a reputation for not having enough water to support future growth and stability. He closed with the reminder that "without water, nothing else matters."

NAI Carolantic Realty Brokers Receive TCAR Frontier Awards

Six NAI Carolantic Realty brokers were honored March 27th at the Triangle Commercial Association of Realtor's (TCAR) annual Frontier Awards dinner for outstanding deal makers and community leaders during 2007. The ceremony was held at 111 Realtors Way in Cary. The keynote address was given by Scott Custer, CEO & Chairman of RBC Centura Bank and the festivities were emceed by ABC News anchor Steve Daniels.

• Kyle Greer Presented with the 'Rising Star Award'. Kyle Greer has only been a broker since July 2005, but he has already distinguished himself as a powerful member of the NAI Carolantic Realty team. During 2006, Mr. Greer was involved in the sale of 180 acres of land in five separate transactions, totaling in excess of $5,000,000. While still in college, Mr. Greer founded a network and computer consulting company which he sold after its fourth year of operation. He's a proven independent thinker whose strong analytical skills have made him a genuine asset to the Company. In addition to making his mark as an up-and-coming young broker, Mr. Greer has also been actively involved in the community and has demonstrated impressive leadership skills in several areas. As a graduate of NC State College of Management, Mr. Greer is actively involved on the Board of Advisors for the Entrepreneurial Education Initiative. He is a graduate of the 2006/2007 Leadership Cary program and has been asked to participate next year as the program's Co-Chair. Mr. Greer also has been involved with Young Life Ministries for many years in various capacities including Young Life Leader, the Friends of Young Life campaign and as a mentor. He has been a member of the Cary-Page Rotary Club since 2004. Mr. Greer's professionalism shows a maturity beyond his years. A hard worker, Mr. Greer provides his clients with top-level service, characterized by integrity and reliability. We are proud to congratulate Mr. Greer on receiving the TCAR Rising Star Award.
  

Additional Awards Presented:

• Million Dollar Sales Club. Ed Brown, SIOR, CCIM, broker for NAI Carolantic, was recognized for membership into TCAR's 2007 Million Dollar Sales Club. Entrance into the Million Dollar Sales Club was determined by the broker having total sales in excess of $8,000,000.
  
  
• Million Dollar Land Sales Club. E. Stephen Stroud, SIOR, Chairman of NAI Carolantic Realty, was recognized for membership into TCAR's 2007 Million Dollar Land Sales Club. Entrance into this club is determined by two of three factors: $5 million or more, 10 or more transactions, and/or 200+ acres.
  
  
• Million Dollar Office Leasing Club. Jimmy Barnes, SIOR, President of NAI Carolantic was recognized for membership into TCAR's 2007 Million Dollar Office Leasing Club. Entrance into this club was determined by two of three factors: total leasing volume of $6 million or more, 15 or more transactions for the year and/or leases totaling a minimum of 125,000 rentable square feet.
  
  
• Million Dollar Industrial Leasing Club. Two of NAI Carolantic's brokers: Aldene "Dee" Creech Osborne, SIOR and John Webster were recognized for membership into TCAR's 2007 Million Dollar 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.