NAIOP Triangle Bus Tour SOLD OUT!!!

Posted on October 7, 2014 by - Commercial Property Exchange, Construction Update, Development, Durham, Events, Raleigh, Subscribers, Triangle, Triangle CPE

NAIOP SOLD OUTLast month we mentioned a limited seating event that you didn’t want to miss, and we would like to inform you that the NAIOP Triangle Bus Tour is SOLD OUT!!!  The tour is a truly unique experience to see proposed, renovated, or under construction properties in the Triangle!  NAIOP Triangle brought back its signature bus tour event that  allows real estate professionals to gather the latest insight and “real time” data on office development in the Triangle.

KARNES is proud to be a Gold Sponsor of NAIOP Triangle and will be the exclusive data and research provider for the bus tour.

The bus tour will take place Thursday, October 9th from 9AM-4PM and includes lunch, all day parking, reception, and much more!  For event details, please refer to the following link:  http://www.naioprt.org/events.cfm

NAIOP Triangle Bus Tour Returns Featuring KARNES

Posted on September 15, 2014 by - Chapel Hill, Commercial Property Exchange, Development, Durham, Events, Office, Raleigh, Subscribers, Triangle, Triangle CPE, Users

NAIOP Bus Tour

NAIOP Triangle is bringing back its signature bus tour event that will allow real estate professionals to gather the latest insight and “real time” data on office development in the Triangle.  Don’t miss this truly unique experience to see proposed, renovated, or under construction properties in the Triangle!

KARNES is proud to be a Gold Sponsor of NAIOP Triangle and will be the exclusive data and research provider for the bus tour.

The bus tour will take place Thursday, October 9th from 9AM-4PM and includes lunch, all day parking, reception, and much more!  For registration details, please refer to the following link:
http://www.naioprt.org/events.cfm

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…)

Home Run! KARNES To Attend NAIOP Developing Leaders Durham Bulls Game

Posted on June 4, 2014 by - Commercial Property Exchange, Durham, Events, Triangle, Triangle CPE, Users

durham_bullsBrian Reece, managing partner of KARNES will be present at the NAIOP Research Triangle Developing Leaders 2014 Durham Bulls Game.

The event will take place tomorrow, June 5th from 6:30-9:00pm at the American Tobacco Suite located at the Durham Bulls Athletic Park.

As a Gold Sponsor of NAIOP Research Triangle Chapter KARNES is proud to attend this great networking event and look forward to meeting face to face with users.

KARNES Attending State of Durham’s Economy Breakfast

Posted on June 2, 2014 by - Commercial Property Exchange, Durham, Events, Triangle CPE

Brian Reece, managing partner, KARNESBrian Reece, managing partner, will be representing KARNES at the State of Durham’s Economy Breakfast being held Tuesday, June 3rd.

According to the City of Durham website, the event will review economic data and demographic trends that shape our community and future. The breakfast is the City’s premiere annual event, discussing issues such as employment, tax base growth, construction activity, retail sales, commercial real estate markets, downtown growth, quality of life, crime, visitor impacts, education, wages, and workforce and business development.

The event will take place from 7-9:30AM at the Durham Convention Center located at 301 W Morgan St.

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!

KARNES “Springing” with New Subscribers

Posted on April 4, 2014 by - Asheville, Charlotte, Commercial Property Exchange, Durham, Greensboro/Winston-Salem/High Point, Industrial, New Users, Office, Raleigh, Retail, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Users, WNC CPE

KARNES Springing with New SubscribersWith Spring in the air, we are excited to welcome the following organizations and subscribers who will be utilizing the power of a KARNES-powered commercial property exchange to spring forward in 2014!

Welcome New Members
  • Scott Farmer at Scott Farmer Properties, Inc.
  • Lee Burgess at Amicus Commercial Real Estate
  • David Krug at David Krug & Associates
  • John Salisbury at Capstone Real Estate Services
  • Brian Smith at CIP Real Estate Property Services
  • Phil Begany at Lat Purser & Associates
  • Marlane Klintworth at Lat Purser & Associates
  • Stephen Woodard at JLL
  • John Christenbury at Cassidy Turley
  • Karen Mankowski at Newmark Grubb Knight Frank

Not a subscriber? Contact our sales team today!

The Triangle CPE Just Keeps Getting Better

Posted on March 28, 2014 by - Commercial Property Exchange, Durham, New Features, Raleigh, Triangle, Triangle CPE

Over the past few months the KARNES team has been working diligently to enhance the Triangle Commercial Property Exchange (Triangle CPE) and we are pleased to provide you a with an overview of the many new features and upgrades that have been put in place.

Brochures

We are continually looking for ways to improve our brochure creation process and a lot of effort went into making these even better over the past few months. Streamlining the process of creating a brochure was implemented as well as the following key upgrades:

Add Listing Flyers

Looking to create a comprehensive package to take to your client? Look no further than this new feature to Brochures. With the simple click of a button, you can now include all flyers (PDF only) attached to any listing. This works when creating a Brochure of a single listing or even a Brochure from a portfolio of listings. All listing flyers are included in the correct order allowing you to quickly email or print all information on a listing or set of listings.

Add a Flyer

Unit Details on One Page

Looking to create a Brochure for a listing that has many units? This new features allows you to include all of the unit details for any listing on a separate page. Great for those office towers!

Append Unit Page

Transaction Details on One Page

Are you looking to create a Comp Brochure for a property with multiple transactions? Then the new Transactions Details option will allow you to add one page to any Brochure that includes all of the transactions recorded on a single property.

Appending Comp Details

Mapping

Mapping is crucial to commercial real estate and the Triangle CPE is always seeking to improve how we view and find properties when using a map. We are please to announce that the entire mapping platform was upgraded over the past few months and has resulted in faster speeds, better support for mobile and newer bowsers, better geocoding and much more, including the following:

Street View Available on All Maps

With this latest upgrade you can now access Google’s Street View feature when viewing any map on the Triangle CPE. Simply click on the Street View Man and position on the road you would like to view and that’s all there is to it!

Street View

Bird’s Eye View Available on All Maps

If the satellite or street view options don’t provide enough details for you, there are now Bird’s Eye View (45 Degree) images available to you in many areas. Simple click on the Satellite option and zoom in until the 45 Degree option is activated. Please note this is only available in some areas.

Birds Eye Raleigh

Improved Polygon and Radii Searches

Polygon and Radii map searches are among the most powerful features of the Triangle CPE and we’ve only gone and made them better! When searching, simply click on the Map tab and select from either the Polygon or Radii to begin utilizing this feature. We’ve made the creation of polygons and radii even smoother in this new version and you can even fine tune your polygon or radii after you’ve performed a search. Did you work hard to create the perfect polygon? Be sure to save your search to utilize it over and over again!

Polygon Map Search RTP

We Didn’t Stop There!

In addition to these great new features, we also fine-tuned and upgraded many other areas of the Triangle CPE. Below is a list of changes (not comprehensive) that have been made:

• Added a pagination bar to the bottom of the screen when more than 5 results per page selected

• Created a method to allow users to define default search result display (number of listings per page, etc.)

• Upgraded coding to work better with the latest browsers

• Added traffic analysis and transaction analysis to the main navigation menu

• Added option to allow for the creation of a PDF of traffic analysis

• Added ability to delete multiple portfolios

• Show Listing Details on Private Listing to Listing Owner Only

• Added option to sort a Portfolio by Sale Price Per SF or Acre

• Economic Developer Link adjustments to allow for customization of style and support for additional query parameters

 

And We Are Just Getting Started

These are just a sampling of the new features and upgrades to the Triangle CPE over the past few months, but we are not stopping there. Expect many more things to come during 2014!

Thanks for your continued support of the Triangle CPE and KARNES!

See You At The 2014 CCIM Triangle Market Forecast on March 19th

Posted on March 17, 2014 by - Commercial Property Exchange, Events, Industrial, Office, Raleigh, Retail, Subscribers, Triangle, Triangle CPE

CCIM Market ForecastJoin Managing Partners Andrew Jenkins and Brian Reece, Wednesday, March 19th, as KARNES and local commercial real estate professionals attend the 2014 CCIM Triangle Market Forecast.  KARNES is pleased to be a Statewide Bronze Sponsor of this event, as well as the Charlotte Market Forecast, which will be held on April 9th.  KARNES will be providing copies of our 3rd annual Tri-City North Carolina Commercial Real Estate Market Report at each of these events.  Be sure to attend in order order to get your copy of this report, which provides provides an overview of the office, industrial, and retail markets in Charlotte, Greensboro/Winston-Salem/High Point, and Raleigh-Durham NC during 2013.

Keynote speakers at the Triangle Market Forecast include:

John Jung – Regional Economy
Bob Hukill – Grandbridge
Steve Bell – Why Raleigh, Why Triangle

The event will be held at Embassy Suites in Cary. Registration and networking will begin at 11:10am, and the program luncheon will begin at 12pm.