In the News
2009
Some see promise in industrial real estate
March 6, 2009
Charlotte Observer
....The warehouse vacancy rate rose to 11.8 percent at the end of last year after starting the first part of the year at 11.2 percent, according to Karnes Research Co.....Only one warehouse project – Sykes Industrial Park West's two buildings totaling 250,000 square feet – was completed in the fourth quarter. That's a good thing, according to Karnes Research's fourth-quarter market analysis, because it means landlords won't have to compete with a slew of new space....
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Tega Cay to add 820 homes
February 6, 2009
Charlotte Business Journal
...low property taxes. Andrew Jenkins, managing partner of real estate analysis firm Karnes Research Co., says developers won't stop opening subdivisions during down economic...
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Subleasing an option, but challenges exist
January 23, 2009
The Business Journal of the Greater Triad Area
...from 18.1 percent a year earlier, according to data compiled by Karnes on behalf of the Realtors Commercial Alliances in Greensboro, Winston-Salem, High...
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Ballantyne's latest additions
January 23, 2009
Charlotte Business Journal
...two other buildings at Ballantyne. According to Andrew Jenkins, managing director of Karnes Research Co., the vacancy rate there is the highest since 1990. He......
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New towers rising in a challenging market
January 9, 2009
Charlotte Business Journal
Flint McNaughton is two months away from opening the 20-story NASCAR Plaza office tower. The $90 million building is less than half leased, and...
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2008
Warehouse demand slows in Triangle
December 18, 2008
The News & Observer
Most people would probably agree that the pain and turmoil of today's economy is hurting more than the technology bust during the early years...
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Remaking retail landscape
December 5, 2008
Charlotte Business Journal
Clay Grubb has a solution to the growing difficulty in landing retail tenants for his Elizabeth Avenue project. The developer is cutting in half...
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New Trinity Capital fund to target projects in Carolinas
December 5, 2008
Charlotte Business Journal
Trinity Capital Advisors has raised $20 million for a real estate investment fund that will target developments in the Carolinas. Trinity Capital Value Fund...
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Commercial lease, vacancy rates remain stable in Triad
November 21, 2008
The Business Journal of the Greater Triad Area
A new commercial real estate report shows that rents and vacancy rates for office, retail and industrial space in the Triad remained steady during the three-month period ending Sept. 30...
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Brokers foresee little impact on office market
October 10, 2008
Charlotte Business Journal
Real estate watchers see Wells Fargo & Co.'s acquisition of Wachovia Corp. as the best possible scenario for Charlotte's office market. "It's certainly positive,...
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Wells deal less painful for uptown office market
October 3, 2008
Charlotte Business Journal
A Wells Fargo & Co. acquisition of Wachovia Corp. would do less harm to the uptown office market than a winning bid by Citigroup...
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Deal could free up extensive uptown office space
September 29, 2008
Charlotte Business Journal
Citigroup Inc.'s takeover of Wachovia Corp.'s banking operations could put into play more than 3.5 million square feet of commercial space the Charlotte bank...
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Morehead market heats up
September 19, 2008
Charlotte Business Journal
It didn't take Harris Development Group long to prove the power of the East Morehead Street office market. The company started construction this week...
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Choate on job as PTL tower ready for its makeover
September 5, 2008
Charlotte Business Journal
Plans to rebuild the long-vacant hotel tower that was the centerpiece of Jim and Tammy Faye Bakker's failed Heritage USA have moved beyond a...
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Raleigh-Durham apartment vacancies starting to rise
August 29, 2008
Triangle Business Journal
The pain felt in new and existing home sales in the Triangle is being felt in another residential sector - apartments. August...
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Gap widens between GSO and W-S for Class B space
August 29, 2008
The Business Journal of the Greater Triad Area
The office-leasing market in downtown Winston-Salem posted higher vacancy rates at the end of the second quarter than the market in downtown Greensboro, according...
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Concord site next up for Birkdale mixed-use model
July 18, 2008
Charlotte Business Journal
Can the Birkdale Village mixed-use model make a splash in a fast-growing part of Cabarrus County? Mooresville-based ADI Real Estate Inc. is planning to...
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Concord project adds offices
May 30, 2008
Charlotte Business Journal
Trinity Capital Advisors is starting development of a $17 million office and retail complex on a 30-acre tract just over the Mecklenburg County line...
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