Raleigh leaps into top 5 in Milken’s 2023 best performing cities rankings Raleigh is back in the top 5 on an elite list of cities for economic development. But it’s not alone among North Carolina cities in the top 10. The City of Oaks is number three on this year’s Milken Institute’s Best-Performing Cities rankings,…
LAND FOR SALE: 72+ acres in Burlington, NC INVESTMENT SUMMARY • Six separately deeded parcels totaling 72.48 acres. • Visibility with frontage on I-40/85 makes this an excellent development opportunity. After re-zoning, the site is open to an abundance of possibilities such as multifamily, hotel, retail, and mixed-use development. Annual Average Daily Traffic along Highway…
Despite a lackluster investing year in 2022, almost $10 billion in new Qualified Opportunity Zone investments were made last year. This raised the total of new investments since the program began in 2017 to over $100 billion. High-net-worth investors are clearly aware of the extraordinary benefits of the existing federal OZ incentive, namely, the opportunity…
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Azalea Gardens Apartments consists of 11 buildings and 90 units, built in 1970, and currently at 100% occupancy. There are 40 1-bedroom units, and 50 2-bedroom units with an average of 822 SF. The community features a sizeable pool and lounge area, small playground, laundry facilities and on-site maintenance and property management. Azalea Gardens is…
Crown Apartments consists of 3 well-maintained buildings and 60 turn-key units. There are 24 one-bedroom units, and 36 two-bedroom units with an average of 943 SF. The community features a sizeable pool and lounge area, abundant yard space and on-site maintenance and property management. Crown Apartments are located just off Western Boulevard where residents are…
Inflation & Commercial Real Estate Unless you have been doing a digital detox, you have been inundated with news about inflation’s impact on mortgage rates and the financial markets. To control inflation, the Federal Reserve has raised the Federal Funds Rate four times this year and is poised to increase it another 50-75 basis…
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