November 10, 2009
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The Road to Recovery Chairman's Report:Steve Stroud, SIOR sstroud@naicarolantic.com On January 13, 2010 we will host our 25th Annual Triangle Commercial Real Estate Conference at the RBC Center here in Raleigh. Our president, Jimmy Barnes, SIOR, will present his usual detailed analysis of the local commercial real estate market. In addition, we are fortunate to have as our guest speaker one of the nation's leading economists, Dr. Peter Linneman, who serves as the Albert Sussman Professor of Real Estate, Finance and Public Policy at the Wharton School of Business and also as NAI Global's Chief Economist. Together, our two main speakers will provide their well-informed perspectives on the local Triangle economy as well as an assessment of our national economic prospects. You will certainly want to hear what they have to say about our road to recovery. We believe this will be one of the most important conferences in our 25 years of presenting this annual event. We look forward to seeing you and sharing vital information that should benefit your decision-making in the year ahead. If we can be of assistance to you and your company as you evaluate your real estate position, please give us a call at 919-832-0594 or email us at questions@naicarolantic.com.
Our upcoming event will mark the 25th Anniversary of our Triangle Commercial Real Estate Conference. We've come a long way from our first conference -- where an elementary school overhead projector was used to present information -- to today's high tech presentation integrating both graphics and video at the RBC Center. Real estate inventories have increased, new geographic submarkets have been created, and product types have expanded, but the standard elements of reporting remain the same. How much commercial space is available? How much was absorbed? And how much was and will be constructed? This information is integral to our accurately reporting past, present and future trends. Right now we are researching and analyzing statistics for the Triangle market, and as usual our event will recap this year in real estate. In addition, we will offer our forecast for the coming year. As indicated in Steve's comments, we are also pleased to have Dr. Peter Linneman joining us for the second time to provide his perspective on the national economy. Unlike most economists, Dr. Linneman is lively, tells it like it is and has a wealth of information. Why have we continued to perform our in-depth market research and hold this conference year after year? Maybe, after 25 years, it's just hard to break the habit. But the real reason is that our research and analysis enable us to provide valuable information to our clients so they can make informed decisions. It's just that simple. This year's event will be memorable. Time goes on as does the NAI Carolantic Annual Real Estate Conference. All Work and No Play? Not at NAI Carolantic Realty! Just prior to Halloween, the NAI Carolantic team hosted a party for the young children of our brokers and staff. Trick or Treating from office to office to collect candy, the festivities culminated with everyone gathering in our decorated kitchen (thanks to Darlene and Dana) to enjoy a cookie cake, snacks, fruit and punch. Parents seemed very appreciative of the 'rehearsal' for Halloween night!
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SAVE THE DATE: Our 25th Annual Triangle Commercial Real Estate Conference will be held on January 13, 2010 at the RBC Center in Raleigh, NC Our Conference Sponsors: We are pleased to announce we have returning conference sponsors: Bobbitt Design Build, Edge Office, JDavis Architects, Manning Fulton & Skinner, The Title Company of NC, Wells Fargo, and Withers & Ravenel. Joining us for the first time as a sponsor will be TriSure. We appreciate our sponsors and thank them for their support and partnership. Featured Properties: For Sale or Lease
Completed in 1977, this 89,000sf warehouse has 4,000sf of office area and is situated on 20 acres of land, providing excellent expansion or development opportunities. There are four dock doors and one drive-in door. The building is sprinklered and has 20' clear ceilings with metal halide lighting. The property is located just off Exit 384 on I-40, 45 minutes from I-95, and 40 minutes from the Port of Wilmington. For additional information, please contact Joaquin Canals at jcanals@naicarolantic.com. Click to view flier. For Sale
This 1.656 acre property is located on Harrison Avenue, less than ½ mile from I-40. Zoned O&I, the property is ideal for a bank, office, daycare, medical office or restaurant. Located adjacent to SAS Institute, the traffic count is 29,000 vehicles/day (2007). For more information, please contact Kyle Greer at kgreer@naicarolantic.com. Click to view the flier.
Prior to joining the brokerage team at NAI Carolantic in 2009, Mr. Adams' commercial real estate career actually began in 1985 when he worked for Cameron-Brown Company in the Income Property Division. He later joined the Raleigh office of Shoptaw-James where he was responsible for commercial loan production until 1990. A year later, he formed Adams Commercial Properties where he successfully completed a 291-acre, 600 lot residential subdivision development that led Wake County sales for three consecutive years. Additionally, he served as an acquisition agent for the McDonald's Corporation providing market research and contract negotiations for the purchase of restaurant sites in Central North Carolina until 1996. Having most recently operated his own mortgage company; Mr. Adams brings years of financial experience to NAI Carolantic in the origination of permanent, non-recourse commercial loans for all property types. As a member of the Special Assets Division, his mortgage experience combined with a real estate background is invaluable to our clients, especially those dealing with investment properties or troubled assets. Mr. Adams is a graduate of the University of North Carolina in Chapel Hill. Company Profile: NAI Carolantic is the Raleigh/Research Triangle area's leading commercial real estate firm
Established in 1972, NAI Carolantic is a member firm of NAI Global, the leading international provider of commercial real estate services and solutions.
NAI Global: With over 5,000 real estate professionals in over 325 offices in 55 countries worldwide, NAI Global serves corporate, institutional and government clients through its strategically located offices in major, secondary and tertiary markets. | |
Local Market Update:
Broker Profile:
NAI Carolantic Realty, Inc.3605 Glenwood Avenue, Ste. 100
Raleigh, NC 27612
p: 919.832.0594