Posted on November 7, 2014 by sales4karnesco - 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
With 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!
Andrew 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
Posted on July 21, 2014 by info4karnesco - 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.
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.
Posted on July 21, 2014 by info4karnesco - 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.
Posted on July 21, 2014 by info4karnesco - 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.
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.
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.
Posted on March 13, 2014 by sales4karnesco - Charlotte, Commercial Property Exchange, Greensboro/Winston-Salem/High Point, New Subscribers, Office, Raleigh, Retail, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE
As the 2014 NCAA Basketball Tournament begins in the near future, we reflect on new companies and brokers across North Carolina that joined a KARNES-powered commercial property exchange in February. We would like to welcome the following organizations and subscribers, who will be utilizing the power of a KARNES-powered commercial property exchange and WINNING in 2014!
Welcome New Members
- Warren Dumford at Mooresville Realty LLC
- Kenneth Leonard at RE/MAX CENTRAL REALTY
- Ty Chapman at Lake Norman Realty, Inc.
- Carter Worthy at Carter Worthy Commercial
- Gary Knox at The Knox Group, Inc.
- Jessica Brock at Longfellow Real Estate Partners
- Scott Beal at Coldwell Banker Commercial Triad
Not a subscriber? Contact our sales team today!
Don’t miss this opportunity to see Managing Partners, Andrew Jenkins and Brian Reece, at the 2014 NAIOP NC Statewide Conference.
The two day event will have a “golf theme” celebrating golf and commercial real estate and will consist of panel discussions and include appearances by guest speakers.
KARNES will be sponsoring the Going for the Green Challenge – NAIOP’s mini open, which is a specially designed putt-putt course on the putting green. Featured cocktails & putt-putt for a great networking event.
As a Gold Sponsor of NAIOP Research Triangle Chapter and Silver Sponsor of NAIOP Piedmont Triad Chapter, KARNES is proud to take part of this well attended event, which will start Thursday, February 20th at noon at the Pinehurst Resort in Pinehurst, NC.
Don’t miss this opportunity to see Managing Partner, Andrew Jenkins, speak at the WSRAR (Winston-Salem Regional Association of REALTORS®) RCA Breakfast.
This event will provide a unique guided tour by Mr. Jenkins, concerning the latest features and upcoming enhancements within the Triad CIE.
The RCA Breakfast will take place Tuesday, February 11th at 8AM and will be held at the Forsyth Country Club (3101 Country Club Rd, Winston-Salem) .
As mother nature scattered cold temperatures and snow across North Carolina in January, the KARNES sales team heated things up by welcoming new subscribers!
Many new companies and brokers across North Carolina have joined a KARNES-powered commercial property exchange during January 2014. The following firms and/or individuals will now be utilizing the vast tools and features of a KARNES-powered commercial property exchange:
Welcome New Subscribers
- Richard E. Murrell at The Murrell Company
- Thad Ellis at Cousins Properties
- Ted Crum at Richard Jones Real Estate
- Jeff Deal at Richard Jones Real Estate
- Jeff Smith at Richard Jones Real Estate
- Richard Jones at Richard Jones Real Estate
- John “Sam” Unsworth at Richard Jones Real Estate
- Scott Mladenik at RE/MAX Executive – Commercial Division
- Ted Haley at Avison Young
- Phong Ly at PTL Realty
- Mark Bolding at Stream Realty Partners
- Lane A. Holbert at Cushman & Wakefield | Thalhimer
- Duke Boykin at Colliers International
- Geoff Loftin at Colliers International
Are you ready to be the latest organization or subscriber to harness the tools and features of a KARNES-powered commercial property exchange ? Contact our sales team today!