Foreign Investment in U.S. Owned CRE May Increase?

Dr. Sam Chandan, Real Capital Analytics, writes on the impact that relaxed regulation on foreign investment in commercial real estate (FIRPTA) may have on the velocity and value of commercial real estate. For the complete article go to the following website:

http://www.observer.com/2010/commercial-observer/so-house-passed-firpta-reform%E2%80%A6-good-right

Real Estate & Vacation

I just returned from a 10-day vacation in the upper Midwest with my immediate and extended family.  Boy was it great to “get away from it all” for a while!    We spent most of our time on a beautiful lake in southern Michigan where the water is clear (and relatively clean) and you can feel good about swimming, skiing, et cetera.   I must tell you that there is nothing quite like being able to run around in your bare feet for six or seven days to regain some of your sanity (and perspective). 

Additionally, there was no TV and no negative media influence.  Life really does go on without listening to all the drivel.  I highly recommend it if you need to recapture your energy (or “edge”).

The time away from the Triangle also provided a wonderful reminder of what a dynamic, and prosperous area we live in (RDU, NC).  We passed through a number of communities on our trip that have been hit very hard by the economic downturn and probably won’t bounce back like the Triangle does as the economy heals.   No matter what your current situation, if you are reading this from the Triangle or considering a re-location to our area, I can’t emphasize how fortunate we are!  We need to strive to remain positive and focus on ways we can enhance our community(s).

Oh, and if you were curious about market “happenings”, the Triangle region continues to see further signs of recovery as major corporations announce the addition of employees (Caterpillar adding 325 jobs in Sanford);  others look to expand their presence here (Becton Dickinson building an approximately 720,000 square foot distribution facility in Johnson County);  and yet other (unnamed) businesses  are looking to move from leased space in to permanent quarters that they acquire (while interest rates remain at historic lows).

Please let us know if we can help you and in the meantime…………….stay positive!

RDU Market Tidbits

It feels great to be writing my inaugural BLOGPOST for our new look website.  I hope this note finds my many friends in the business enjoying their summer and managing the heat.  It has been tough for those of us in North Carolina as it has been consistently above 90 degrees for at least a month.

I wanted to let you know that I attended the monthly CCIM Networking luncheon today in Durham and we had about 25 CCIM’s, candidates and industry personnel in attendance.   Marla Akridge, Wake Forest Chamber Director did an excellent job of presenting some of the trends occurring in industry and how it is going to impact our area and ways that we must adapt if we are going to continue being successful recruiting top tier corporations and the attendant talent that is required to keep them coming (and keep them here)!

One extremely exciting development about the Raleigh/Durham market is the number of defense contractors that are deciding to locate here.  It is over 70 and growing every week.  Several of them, including 3Phoenix are growing quite rapidly, which is adding to our areas employment base.  If you would like to explore our market further please give me or one of my team members a call.  We are excited about your business and look forward to assisting you.

Have a great week!