A Commercial Real Estate Conundrum: How to Tier Markets?
The commercial real estate industry has long ranked cities and regions into tiers for the purpose of market analysis, based on their investment potential or growth characteristics. However, the lack of a uniform approach and differences in variables – including the rise of certain industries in specific markets, changing rates of growth, and strengths in…
Merritt Properties Expands North Carolina Footprint, Acquires 74 Acres in Wake Forest for Industrial Park
Merritt Properties, a full-service commercial real estate developer with over 16 million square feet of space throughout Maryland, North Carolina and Virginia, has announced the acquisition of a 74-acre tract of land for the speculative development of a 452,500-square-foot light industrial business park in Wake Forest, North Carolina. Located along Ligon Mill Road, Merritt Capital Business…
2020 Commercial Real Estate Sentiment Survey Forecasts Moderate Growth
Transwestern Commercial Services and Devencore released the results of their 2020 Commercial Real Estate Sentiment Survey, summarizing the firms’ outlook for U.S. and Canadian real estate markets. Brokers and analysts across 43 North American offices shared insight on the office/medical office and industrial sectors. “While political turmoil, upcoming elections and an elevated construction pipeline in…
Marlboro Development Team Developing Class A Speculative Industrial Facility in Dillon, South Carolina
Marlboro Development Team, Inc. (MDT) is pleased to announce the development of a new 253,800 square foot Class A industrial development in the Carolina’s I-95 Megasite in Dillon County, SC. Scheduled for delivery in Q3 2020 and located on a 72-acre site within the park, the facility will be designed to accommodate modern logistics and…
NAIOP: Commercial Real Estate Industry Outlook Remains Positive
The NAIOP Commercial Real Estate (CRE) Sentiment Index, which predicts general conditions in the commercial real estate industry over the next 12 months, ticked slightly upwards in September, compared to six months earlier. A majority of respondents plan to hire employees, even though the cost of materials and labor related to construction continue to be causes…
Microsoft to Invest in Charlotte
Microsoft Corp., a technology company, will create 430 new jobs in Mecklenburg County. The company will invest $23 million to expand its operations in Charlotte. “Global companies like Microsoft can choose anywhere in the world to expand, and again a highly recognizable brand has decided North Carolina is the right fit,” said Governor Cooper. “Today’s…
NAIOP: Commercial Real Estate Industry Outlook Remains Positive
The NAIOP Commercial Real Estate (CRE) Sentiment Index which predicts general conditions in the commercial real estate industry over the next 12 months, ticked slightly upwards in September, compared to six months earlier. A majority of respondents plan to hire employees, even though the cost of materials and labor related to construction continue to be causes of…
NAWIC Announces 2019 Construction Excellence Award Recipients
The National Association of Women in Construction (NAWIC) is pleased to announce the recipients of its inaugural Construction Excellence Awards. The mission of these awards is to recognize outstanding projects in the areas of residential, commercial and civil heavy highway construction. The Residential Construction Excellence Award winner is CF Evans Construction for their Meeting Street…
Construction Begins on Charleston Tech Center in South Carolina Opportunity Zone
Hunt Real Estate Capital, Iron Bridge Capital, LLC, and the Charleston Digital Corridor are pleased to announce the commencement of construction of the Charleston Tech Center (CTC), an architecturally modern, six-story office building located in Downtown Charleston, SC. The CTC is targeted to start-up, early-stage, and mature tech companies. The development of the CTC, a 92,000-square-foot building…
Construction Begins on Charleston Tech Center in South Carolina Opportunity Zone
Downtown Charleston will soon have a new building in an opportunity zone. Hunt Real Estate Capital, Iron Bridge Capital, LLC, and the Charleston Digital Corridor announced the commencement of construction of the Charleston Tech Center (CTC), an architecturally modern, six-story office building located in Downtown Charleston, SC. The CTC is targeted to start-up, early-stage, and mature tech…
