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

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

14584_primary_lowres

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.

Lincoln Harris Plans New Ballantyne In University City

Posted on December 13, 2013 by - Charlotte, Construction Update, Development, In the News, Land, Office

Ballantyne Woodward

The Woodward Building (pictured above) at Ballantyne is one of two speculative buildings delivered at Ballantyne Corporate Park during 2012. Image provided by The Bissell Companies

Johnny Harris mentioned that Charlotte needed a new Ballantyne at the CRCBR’s Annual Meeting and it appears he is ready to make it happen. At least on a smaller scale.

University Investors, a company managed by Lincoln Harris, recently purchased the 24-acre parcel at 239 West Mallard Creek Church Road and Tryon Street for $3.5 million from Bank of America.

In 2005, Landmark Development Partners proposed 326,000 square feet of retail space for the site called University Crossing. Bank of America acquired the site in during the fourth quarter of 2008 and had the land zoned for up to 1 million square feet of space.

Lincoln Harris is seeking to capitalize on the site’s proximity to the future Blue Line Extension stop at JW Clay and terminal stop at UNCC and create a dynamic project that could spur the next Ballantyne in Charlotte.

KARNES to speak at July 17th Triangle IREM Meeting

Posted on July 16, 2013 by - Apartments, Commercial Property Exchange, Events, In the News, Industrial, Office, Raleigh, Retail, Triangle

Brian Reece, managing partner, KARNESBrian Reece, managing partner of KARNES, will discuss Triangle Commercial Market conditions at the July IREM (Institute of Real Estate Management’s) meeting.  Mr. Reece’s presentation will provide a snapshot of the Triangle Office, Industrial, Retail and Apartment markets, to begin at noon on Wednesday, July 17th at the McKimmon Conference and Training Center located at 1101 Gorman Street in Raleigh.

Current IREM president, Gary Triplett, CPM®, says that Reece’s presentation is an annual highlight of their chapter’s presentation season and is always well attended by members of the real estate community. He says he expects this meeting to be no exception.

“We’re always grateful to Brian for giving IREM his time and valuable market insights to our membership,” says Triplett. “He’s been part of our presentation lineup for several years now, and his industry insights, experience, and expertise continue to make him one of our most valued speakers. Given the continued uncertainty of the real estate market, Brian’s presentation is extremely timely and will be of particular importance to the real estate professional.”

KARNES Quoted in Highwoods’ Cary Office Park Article

Posted on June 3, 2013 by - Construction Update, In the News, Office, Raleigh

cropped-linked_in_company_banner1.jpgKARNES was recently quoted in an article released by NewsObserver.com, which highlights how “Highwoods Properties’ Weston Lakefront would put a trio of towers between Weston Parkway and Lake Crabtree in northern Cary, according to sketch plans received by the town on May 22.”

Read more here: http://www.newsobserver.com/2013/05/29/2925627/highwoods-huge-cary-office-project.html#storylink=cpy

WSOC TV’s Uptown Charlotte Office Development Coverage Featuring KARNES

Posted on May 17, 2013 by - Charlotte, In the News, KARNES Perspective, Office

Andrew Jenkins of KARNES on WSOC TVAndrew Jenkins, managing partner of KARNES was featured yesterday on WSOC TV Channel 9 News regarding Portman Holdings’ plan to develop an 15 story office building in Uptown Charlotte. Click here to see the full video or click here for the article. For more information on the Charlotte Office Market, please visit www.siteindexcharlotte.com for office availabilities and office analysis. Here are some highlights from the most recent Charlotte Office Market Report, provide by KARNES:

(more…)

Take Part in RealtyCheck2050 To Help Shape Charlotte’s Regional Growth

Posted on April 26, 2013 by - Charlotte, Events, In the News, Residential, Uncategorized

RealityCheckKARNES would strongly recommend to our fellow Charlotte Regional Real estate professionals to please consider applying to participate in RealityCheck2050 for the CONNECT Our Future region! The RealityCheck2050 event, which we have had the pleasure of serving on the Technical Committee, will bring together 400 community stakeholders from the CONNECT Our Future region to help to prepare potential options for regional growth, with a focus on accommodating projected housing and jobs through 2050. This collaborative event is jointly sponsored by Centralina Council of Governments, Catawba Regional Council of Governments, and Urban Land Institute.

RealityCheck2050 applications are due on May 3rd, APPLY TODAY!

Which Counties Are Involved?:

· Anson, Cabarrus, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg,   Rowan, Stanly and Union counties in North Carolina
· Chester, Lancaster, Union and York counties in South Carolina.

How Does RealityCheck2050 Work?

In the morning session over 400 diverse participants meet and work together in tables of ten people to develop a set of principles for where and how they think the region could grow. Through discussion and negotiation, they will place a variety of colored LEGO® blocks representing the projected housing and employment growth on a grid-covered map of the 14-county region. The 40 tables of individuals participating in the workshop get to grapple with challenges the region faces as it considers how growth will occur in the future. Following lunch and keynote speakers there will be a presentation on results from the morning exercise, discussion on the implications of growth patterns, and design issues & priorities. The afternoon session will also use real time polling techniques to receive immediate feedback from participants.

How Can I Learn More About RealityCheck2050?

Contact:
Kimberly Melton
kmelton@ULI.org
704.940.1714

Visit: www.RealityCheck2050.org

The KARNES Tri-City Market Overview for the Appraisal Institute 2013 Real Estate Valuation Conference

Posted on April 18, 2013 by - Charlotte, Commercial Property Exchange, Construction Update, Greensboro/Winston-Salem/High Point, In the News, Industrial, KARNES Perspective, Office, Raleigh, Retail, Triangle

2013 Tri City Market Overview

Andrew Jenkins, managing partner of KARNES, was a speaker today at the Appraisal Institute 2013 Real Estate Valuation Conference, which took place in Charlotte. The panel event featured various industry experts including Mark Vitner (Senior Economist, Wells Fargo), Roger Cobb ( Broker, Selwyn Property Group), Jon Morris (Broker, Beacon Partners), and Henry Breaux (Broker, The Providence Group).

Mr. Jenkins’s discussion provided an insight into commercial market data, analysis and trends, from the largest regions across North Carolina.

Click here to download a PDF version of the presentation and read on for a transcript of the presentation’s key points:

Andrew Jenkins, Managing Partner

Tri-City Market Overview

April 18, 2013
Presented by Andrew Jenkins, Managing Partner, KARNES

Tri-City Market Overview Introduction

  • KARNES began producing the Tri-City Commercial Real Estate Market Report in 2012 in an effort to bring a standardized analysis method across the state.
  • The intention of the report is to provide an annual review, at a high level, of the commercial markets in the three major NC regions.

(more…)

KARNES To Speak At Appraisal Institute 2013 Real Estate Valuation Conference Today

Posted on April 18, 2013 by - Charlotte, Construction Update, Greensboro/Winston-Salem/High Point, In the News, Industrial, KARNES Perspective, Office, Raleigh, Retail, Triangle, Western NC

Andrew Jenkins, Managing Partner

Andrew Jenkins, managing partner of KARNES, will be a speaker at the Appraisal Institute 2013 Real Estate Valuation Conference, taking place today in Charlotte.  According to the Appraisal Institute’s website, this a panel event where each panel member will have a topic to discuss and then there will be time for comments, questions, and answers.  At the event, attendees will hear a range of topics regarding national, regional, local economic trends in various industries from experts in the field that include Mark Vitner (Senior Economist, Wells Fargo),  Roger Cobb ( Broker, Selwyn Property Group),  Jon Morris  (Broker, Beacon Partners), and Henry Breaux (Broker, The Providence Group).

Mr. Jenkins’s discussion today will provide insight into commercial market data, analysis and trends, from the largest regions across North Carolina.

The event is being held on Thursday, April 18th from 8:30am-5:30pm at the Charlotte Marriott Executive Park, located at 5700 Westpark Dr.

News 14 Carolina’s Downtown Raleigh Coverage Features KARNES

Posted on April 17, 2013 by - Apartments, In the News, KARNES Perspective, Office, Raleigh, Triangle

Brian Reece News Channel 14 Carolina Downtown Raleigh AllianceBrian Reece, managing partner of KARNES was featured today on News 14 Carolina following the Downtown Raleigh Alliance presentation on the state of the Downtown Market. Click here to see the full video or click here for the article. For more information on the Downtown Raleigh Office, Industrial, and Retail Markets, please visit www.trianglecpe.com for commercial availabilities and analysis. To find out more about the multifamily market in Downtown Raleigh or the Triangle Region, please visit www.aptxchange.com. Here are some highlights from the most recent Triangle Apartment Market Report, provide by KARNES and www.aptxchange.com:
(more…)