Xceligent Enhances Services with a Strategic Investment into Analytics Firm Karnes Research Company

Posted on January 5, 2015 by - Asheville, Charlotte, Commercial Property Exchange, Durham, Greensboro/Winston-Salem/High Point, In the News, Raleigh, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE, Xceligent

Xceligent KARNES LogoINDEPENDENCE, MO (January 5, 2015) – Xceligent, Inc., a leading provider of proactively researched commercial real estate information and marketing solutions, is pleased to announce it has made a strategic investment into Karnes Research Company, a North Carolina-based provider of commercial real estate analytics, information, and marketing solutions.

Xceligent will leverage Karnes’ renowned analytics, in addition to over 25 years of experience in the Carolinas, to both expand its coverage and further enhance its fully researched commercial real estate information. This relationship further enhances Xceligent’s ability to serve clients across the Carolinas.

“We are thrilled to have one of the industry’s best and longest serving providers of analytics join us as we continue to build a strong national alternative for commercial real estate information,” said Doug Curry, Xceligent founder and CEO. “Combining these two extraordinary teams creates a strong foundation for the expansion of our market analytics team and allows us to deliver best of breed information to the industry. Over the years, the Karnes professionals have established the reputation of being the best in the Carolinas market and we are excited to have them join Xceligent,” he added.

“We were drawn to Xceligent after meeting their incredible team and experiencing firsthand their relentless efforts to provide the most accurate and reliable market information,” said Andrew Jenkins, Managing Partner of Karnes Research Company. “There was no other company we would trust to form the base of our analytics moving forward and we are excited that we now have the perfect match to grow our analytic services nationally.”

The Karnes partnership is yet another step in a series of steps intended to bring best-of-class technology offerings and additional data to accelerate the enhancement of Xceligent’s product offering and expansion of its footprint. In addition to its market reports and analytics services, Karnes offers a property-centric CIE solution and an apartment information solution. The partnership will create a strong footprint in the Carolinas, following last year’s launch in the Raleigh-Durham market.

Currently available in over 44 markets and expanding into the largest 65 US markets by 2016, Xceligent will next launch the Orlando and Houston markets and will work with Karnes’ subscribers and their local real estate association partners to expand into the Carolinas markets. Xceligent provides fully researched information and marketing tools for companies involved in buying, selling, leasing, developing, appraising or managing commercial real estate. Xceligent’s core research product provides a comprehensive inventory of commercial properties, available spaces, tenants, sales comparables, demographic information and mapping tools. Xceligent works closely with advisory boards comprised of the leading professionals in each market to quarterly review the market conditions by verifying tenant movement and completed transactions.

About Xceligent, Inc.

Xceligent is the fastest growing provider of commercial real estate information in the country. Headquartered in Independence, Missouri, Xceligent is known to be a leader in customer service and has a long-standing history of partnering with the commercial real estate community. Xceligent is the exclusive provider of commercial real estate information to members of the National Association of REALTORS® through the REALTOR Benefits® Program, and is endorsed by leading commercial real estate trade organizations and brokerage firms as a preferred service for commercial real estate information. To learn more, visit www.Xceligent.com.

 

CONTACT:
Daniel Ceniceros
daniel@xceligent.com
213-407-3472

Andrew Jenkins
ajenkins@karnesco.com
704-940-9551

KARNES New Membership Surges Heading Into Final Quarter

Posted on November 7, 2014 by - Asheville, Charlotte, Commercial Property Exchange, CPE Weblink, Greensboro/Winston-Salem/High Point, New Subscribers, New Users, Raleigh, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Uncategorized, Users, Western NC, WNC CPE

New KARNES MembersWith only 2 months remaining in 2014, we reflect on new companies and brokers across North Carolina that have joined the past two months. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make the remainder of 2014 a success!

 

Welcome New Members

  • Karen Gleason at Mosaic Community Lifestyle Realty
  • John Purdie at Mosaic Community Lifestyle Realty
  • Sam Munday at NAI Piedmont Triad
  • Tony Bates at NAI Piedmont Triad
  • Tom Flanagan at NAI Piedmont Triad
  • Nancy Cox at NAI Piedmont Triad
  • Matt King at CBRE
  • Mark Cartin at McColgan & Company
  • Heide Foley at Sanur Brokerage
  • Brian Shore at Bray Sales Agency, LLC
  • Emmanuel Choice at Urban Equity Advisors, LLC
  • Mark Mahoney at Colliers International
  • Jeremy Owen at Steve Owen and Associates
  • Robert Isner at NAI Piedmont Triad
  • Katina Long at Coldwell Banker Commercial-MECA
  • Ashley Blackburn at Greensboro Regional Realtors Association
  • Jessica Jackson at Locus Real Estate Advisors, Inc.
  • Pete Burgess at Burgess Management Corp.
  • Michael Tuck at Grubb Properties, Inc.
  • Mark Bloomer at ACT Realty Advisors, Inc.
  • Deven Griffin at Colliers International
  • Sherman Walters at National Restaurant Properties
  • Frederick Maerkle at American Investment Brokers
  • Spencer Bennett at The Meridian Realty Group, Inc
  • William Yeager at Mosaic Community Lifestyle Realty
  • Brownie Rogers at The Nichols Company
  • Thomas B. Miller at Miller Development
  • Vince Vickers at KW Commercial
  • Chip Culler at Craven-Johnson-Pollock, Inc.
  • Vince Simonetti at Sperry Van Ness/Commercial Real Estate Advisors
  • Charles Mays at Coldwell Banker Commercial Triad
  • Travis Carter at Koury Corporation

The following firms will also be utilizing the Weblink services provided by a KARNES system to power their website.

  • Simpson Commercial Real Estate
  • W. E. Damon & Associates

Not a subscriber? Contact our sales team today!

KARNES To Speak At TRIAD RCA Education Event

Posted on September 22, 2014 by - Commercial Property Exchange, Events, Greensboro/Winston-Salem/High Point, New Features, Subscribers, Tips & Tricks, Training, Triad CIE, Users

Andrew Jenkins, Managing Partner, KARNESAndrew Jenkins, managing partner of KARNES, will be a speaker at the TRIAD RCA Education Event, taking place Tuesday, September 23rd in Greensboro.

Attendees will hear Mr. Jenkins speak on a range of topics regarding the most recent Version 4.0 improvements to the Triad CIE system including:

  • A complete site redesign that increases usability and performance on modern browsers
  • Brochure enhancements including a new large-image format, improved default layout, and more
  • Improved text editing for comments and broadcast emails, including Spell Check
  • A redeveloped Photo Gallery View for faster image rendering
  • Improved searching for properties by address
  • Full screen map toggle
  • Improved session management
  • An updated version of the Triad CIE iPad App
  • And much, much more

The event is being held from 9am-10:30am at the High Point Realtors Association, 1830 Eastchester Drive, High Point.

For more information and registration details, please refer to the attached flyer: 9-23-14 Education Event

KARNES Tri-City North Carolina Retail 2013 Year in Review

Posted on July 21, 2014 by - Chapel Hill, Charlotte, Commercial Property Exchange, Construction Update, Development, Durham, Greensboro/Winston-Salem/High Point, KARNES Perspective, KARNES Tri-City Report, Raleigh, Retail, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE

A combined total of 144.8 million square feet of retail space was located within the Tri-City area at the end of 2013. With a retail inventory totaling approximately 60.7 million square feet, the Charlotte market was the largest of the three North Carolina retail markets, accounting for 42% of the retail inventory. The Triangle market ranked second with 46 million square feet of retail space, while the Triad maintained 38 million square feet of retail space. After declining to a historical low of 541,782 square feet in 2002, retail construction increased to nearly one million square feet in the Tri-City markets during 2013. New retail supply during 2013 was most pronounced in the Triangle region, where 693,982 square feet of new space was delivered. The Charlotte region ranked second with 231,680 square feet of new retail space completed during 2013, while the Triad region reported 38,000 square feet of new retail during 2013. Only the Charlotte region reported a continued decline in new construction from the level reported in 2012. While retail construction in the Tri-City area increased during 2013, the level of new supply remained well below the 2.6 million square feet averaged annually between 2008 and 2011.
KARNES Tri-City Retail Vacancy Trends
The relatively low supply-side pressures from new construction allowed for vacancy rates to decrease in all of the Tri-City markets during 2013. At 8.0%, the Charlotte retail vacancy rate decreased 0.6% of a point during 2013 as net absorption totaling 494,986 square feet outpaced the 231,680 square feet of new supply. Despite the decrease, the Charlotte vacancy rate remained above the 6.9% reported in 2008. The Triangle retail vacancy rate decreased 0.4% of a point during 2013 as net demand totaling 849,391 square feet outpaced 693,982 square feet of new supply. The Triangle’s 2013 vacancy rate of 6.6% was the lowest of the Tri-City markets, but remained 0.1% of a point higher than the 6.5% reported in 2008. New retail supply totaling 38,000 square feet in the Triad market was outpaced by net demand totaling 386,123 square feet during 2013. As a result, the Triad retail vacancy rate decreased 0.9% of a point to 10.1% from the 11.0% reported at the end of 2012. Despite the decrease, the rate remained 0.5% of a point higher than the 9.6% reported at the end of 2010.
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KARNES Tri-City North Carolina Industrial 2013 Year in Review

Posted on July 21, 2014 by - Chapel Hill, Charlotte, Commercial Property Exchange, Development, Durham, Greensboro/Winston-Salem/High Point, Industrial, KARNES Perspective, KARNES Tri-City Report, Raleigh, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE

Karnes divides the industrial market is into two categories – warehouse and flex. At the end of 2013, the Tri-City markets contained a total of 105 million square feet of warehouse space and 34.6 million square feet of flex space. With over 52 million square feet of warehouse space, the Triad market accounted for approximately 50% of the Tri-City warehouse market. The Charlotte market ranked second with 34 million square feet, while the Triangle market maintained 18.4 million square feet.

The 178,250 square feet of warehouse space completed in the Triad market during 2013 accounted for all of the new warehouse space completed among the Tri-City regions. For the Triangle market, 2013 marked the fourth year in a row where no new warehouse space was delivered. Two warehouse buildings were delivered in the Triad market during 2013 with the largest being a 134,650-square-foot speculate building at 1023 Corporate Park Drive in Mebane. A total of only 564,738 square feet of new warehouse space was delivered in the Charlotte market between 2009 and 2013, while the Triangle market reported even less at 412,940 square feet. With the additional space delivered during 2013, total warehouse construction in the Triad during the same period totaled 469,750 square feet.
KARNES Tri-City Warehouse Vacancy Trends (more…)

KARNES Tri-City North Carolina Office 2013 Year in Review

Posted on July 21, 2014 by - Charlotte, Commercial Property Exchange, Construction Update, Greensboro/Winston-Salem/High Point, KARNES Perspective, KARNES Tri-City Report, Office, Raleigh, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE

A combined total of 117 million square feet of office space is located within the Tri-City area. Totaling nearly 50 million square feet at the end of 2013, the Charlotte market is the largest of the three North Carolina office markets. The Triangle market ranked second with 41.4 million square feet of office space, while the Triad maintained 25.7 million square feet of office space. After reporting a total of 1.48 million square feet of new office construction in the Charlotte, Triangle, and Triad regions during 2012, new supply came to a halt during 2013 and marked the first time in over 25 years that no new office space was completed in the combined Tri-City region.

The decrease in supply-side pressure allowed for gains to be reported in each of the Tri-City markets. The Charlotte market reported the greatest gains during 2013 as net absorption (demand) totaling 1.3 million square feet resulted in a 2.5%-point decrease in the office vacancy rate. The year-end 2013 rate of 14.8% in Charlotte was the lowest vacancy rate among the three markets, with the Triangle and Triad both reporting a rate of 15.0%. The year-end 2013 Triangle vacancy rate was 0.6% of a point lower than the year-end 2012 rate as net absorption totaled 204,615 square feet. The Triad region reported a 0.2% of a point decrease in vacancy during 2013 as net absorption totaled 162,219 square feet.

KARNES Charlotte Office Leasing Activity

With net absorption totaling 1.3 million square feet, the Charlotte region reported the highest level of net demand during 2013. The Triangle region ranked second in terms of office demand during 2013 with net absorption totaling 204,615 square feet. The Triad market reported 162,219 square feet of net demand during 2013. Four office tenants occupied over 100,000 square feet in the Tri-City markets during 2013, with the largest tenant occupancy reported at Ballantyne – Gragg Building, where MetLife took 284,212 square feet. MetLife also accounted for the fourth largest gain as the company took 104,747 square feet of space at Ballantyne Three. Ballantyne Corporate Park also accounted for the largest contraction during 2013 in the Tri-City markets as AXA Equitable Life Insurance relocated from 152,000 square feet at Ballantyne – Rushmore One to 141,647 square feet at Innovation Park Building 202.

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KARNES Heats Up With New Users As Summer Begins!

Posted on July 10, 2014 by - Asheville, Chapel Hill, Charlotte, Commercial Property Exchange, CPE Weblink, Greensboro/Winston-Salem/High Point, New Subscribers, Raleigh, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Users, Western NC, WNC CPE

New KARNES MembersAs June 2014 comes to an end, we reflect on new companies and brokers across North Carolina that have joined this past month. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make the remainder of 2014 a success!

Welcome New Members

  • Chris Chagnon at Action Creek Realty
  • Tasha Ince at Lindsay Commercial Properties
  • Michael Schiftan at Devcon Resources
  • Heide Foley at Heide Foley, CPM
  • Tyler Brandt at Colliers International
  • Matt Schindelholz at Brackett Flagship Properties, LLC
  • Andy Holland at Wells Fargo Bank
  • Pamela Cola at Coldwell Banker Howard Perry & Walston
  • Lee Burgess at First Federal Properties, Inc.
  • D. Maxwell Hanks, CCIM, SIOR at Spectrum Brokerage Services, Inc.

Not a subscriber? Contact our sales team today!

KARNES Continues New User Surge In May

Posted on June 2, 2014 by - Asheville, Chapel Hill, Charlotte, Commercial Property Exchange, CPE Weblink, Durham, Greensboro/Winston-Salem/High Point, New Subscribers, New Users, Office, Raleigh, Retail, SiteIndex, Triad CIE, Triangle CPE, Users, Western NC, WNC CPE

New KARNES MembersAs May 2014 comes to an end, we reflect on new companies and brokers across North Carolina that have joined this past month. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make 2014 a success!

Welcome New Members

  • Jamie Davis at Colliers International
  • Jessica Peadon at Colliers International
  • Caroline Gorrell at Key Commercial Real Estate
  • Lee Jackson at Legacy Real Estate Advisors, LLC
  • Scott Davies at NAI Southern Real Estate
  • Jean King at Berkshire Hathaway HomeServices Yost & Little Realty
  • Tracy Dodson at Lincoln Harris – Corporate
  • Alec Cantley at Carolina Mountains Sales
  • Paul Pursell at Colliers International
  • Robert Podewils at Sperry Van Ness/Commercial Real Estate Advisors
  • Don Batten at Real Living Pittman Properties
  • Elizabeth Luck at Real Living Pittman Properties
  • Mark Staples at KW Commercial-Chapel Hill
  • Jared Londry at Cassidy Turley
  • Jasmine Turner at Legacy Real Estate Advisors, LLC
  • Mike Linford at KW Commercial-Chapel Hill
  • Joe Tomlinson at Berkshire Hathaway HomeServices Yost & Little Realty
  • SiteIndex CPE Weblink: Clearview Commercial Real Estate Advisors

Not a subscriber? Contact our sales team today!

April Brings New KARNES Users

Posted on May 8, 2014 by - Asheville, Charlotte, Commercial Property Exchange, CRCBR, Durham, Greensboro/Winston-Salem/High Point, Industrial, New Subscribers, New Users, Office, Raleigh, Retail, SiteIndex, Triad CIE, Triangle, Triangle CPE, Users, Western NC, WNC CPE

New KARNES MembersAs April 2014 comes to an end, we reflect on new companies and brokers across North Carolina that have joined this past month. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make 2014 a success!

Welcome New Members

  • Wade Corbett at Re/Max Southland Realty II
  • John T. Allred at Earnhardt & Associates Appraisers, Inc.
  • Christopher Collins at RE/MAX Of Greensboro
  • Samie Gupton at Discovery Realty Inc.
  • Terry Henderson at Dixon Commercial Properties
  • Matthew Greenspon at Marcus & Millichap
  • Allison Blair at Blair Realty, LLC
  • Jack Branch at The Benfield Group, LLC
  • Tom Gregory at Lake Norman Realty, Inc.
  • Vincent Howard at Brown Investment Properties
  • H.R. Gallimore at RE/MAX CENTRAL REALTY
  • Gloria Mitchell at Wilkinson Triad Realty
  • Alan Weidt at Carolina Commercial Realty
  • Kevin J. Doherty at Gibson Smith Realty Co.
  • Susan Donaldson at West Norman Real Estate
  • Chris Boone at Vineyard Capital Advisors, LLC
  • Dennis N. Bunker III at Bunker Land Group, LLC

Not a subscriber? Contact our sales team today!

Renovations Underway at Greensboro’s Golden Gate Shopping Center

Posted on April 7, 2014 by - Development, Greensboro/Winston-Salem/High Point, In the News, Retail, Triad CIE

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An Alabama-based investor has purchased the Golden Gate Shopping Center, located at 2208 Golden Gate Drive in Greensboro, and has begun renovations on the property. The center was built in 1960 and purchased from DDR Corp. for a little over $7 million in March of 2014. The new owners expect to spend around $4 million dollars on the redevelopment project, which could be completed by the 3rd quarter of 2014. The center, which is currently around 70% occupied, will also be renamed to The Village at Golden Gate. A 32,565-square-foot Food Lion and a 24,038-square-foot Staples anchor the 151,371-square-foot center, with new leases announced that include an antique shop and The Green Bean.  In an effort to reduce competition, Food Lion also leased (but does not occupy) the 30,248-square-foot space vacated by Harris Teeter, but a new tenant is still being sought for the space.

The Village at Golden Gate is located in the Guilford – Northwest submarket, where the KARNES retail vacancy rate totaled 10.3% as of the fourth quarter of 2013.  The vacancy rate in the submarket has decreased 2.9% points since the end of 2011 as net demand totaling 187,210 square feet outpaced 16,219 square feet of new supply. Retail rental rates in the submarket averaged $22.12 per square foot at the end of 2013.