Protected: In Memory of Garth Dunklin, JD, CCIM, CRE

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SiteIndex Charlotte Hotsheet – January 11, 2021

Click here to view this week’s SiteIndex Charlotte Hotsheet (also below). View previous hotsheets here.

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Charlotte Office, Industrial & Retail Leasing Guides — Q4 2020

Catylist Research has published the latest commercial leasing guides featuring availabilities and representation throughout the Charlotte metro area.

View the Guides

Thank You Garth Dunklin

After 23 years of teaching commercial real estate classes for CRCBR, Garth Dunklin has announced he will retire from instructing but will continue practicing law with The Venn Group. We would like to express our gratitude for all of Garth’s dedication and expertise as a co-author of the Commercial GenUp and as an instructor of continuing education classes for the commercial practitioner. His involvement and expertise has provided our organization with CE unlike any other organization. While we are sad he will no longer be teaching, we are excited that he isn’t going anywhere and will still be an active member of CRCBR! Thank you, Garth!

SiteIndex Announces Acquisition of Catylist by Moody’s

Catylist Research, the software that powers SiteIndex has been acquired by Moody’s Corporation. “Moody’s is widely recognized for excellence in data and analytics, and their evolving commercial real estate capabilities have made them a trusted name in the industry,” said Ronald D. Marten, CCIM, the Founder, President and CEO of Catylist. “We’re excited to continue growing our business and to serving the evolving needs of the sector as part of a dynamic company like Moody’s.”

Moody’s acquisition will provide an infusion of money into Catylist with focus on greater support of research, technology, and integration with financial tools.  2021 CRCBR President Marty McLaughlin noted “We are excited about the possibilities Moody’s brings to our relationship with Catylist and believe this will enhance our offerings through SiteIndex.”  We will continue to work closely with Catylist as more information unfolds.  View the full release.

Members on the Move – January 6, 2021

Send us your News and Transactions
Did you know that the Members on the Move post is our most viewed and reaches over 1,000 CRCBR members in our Voice Highlights newsletter? We are always looking to recognize our members for their achievements. Please send any recent news or transaction information to thevoice@crcbr.org.

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Congratulations to the following CRCBR members on their recent achievements:

CBRE – Patrick Gildea, Matt Smith, Anne Johnson, Bryan Crutcher, Grayson Hawkins and Alek Salfia
SkyREM recently sold Coffey Creek, an eight-building park, and Rubin Center, a two-building park, to separate buyers for a total of $14.4 million, according to Mecklenburg County real estate records. Both buyers are based in Charlotte. Crown Property Group purchased Coffey Creek for $7.65 million, records show. The park totals 93,175 square feet and is located near Charlotte Douglas International Airport. The park is 92% occupied and is in the southwest industrial submarket, the largest in Charlotte. Insite Properties was the buyer of Rubin Center and paid $6.75 million for those buildings. Rubin Center is located closer to uptown and South End, totaling 64,555 square feet in space. It is 88% occupied and sits in the central industrial submarket. CBRE’s Patrick Gildea, Matt Smith, Anne Johnson, Bryan Crutcher, Grayson Hawkins, and Alek Salfia represented SkyREM in the transactions. Read more.

Foundry Commercial – John Ball, Cody Sundberg and Claiborne Dandridge
Portman Holdings will bring about 180,000 square feet of office space to market at Savona Mill, at 528 S. Turner Ave., in the Smallwood neighborhood of west Charlotte. Portman Residential, a related company of Portman Holdings focused on residential development, will build apartments on nearly 30 acres adjacent to the mill. John Ball, Cody Sundberg and Claiborne Dandridge at Foundry Commercial will lease the office space on behalf of Portman Holdings. Read more.

JLL – Brad Cherry
Tribek is developing RiverWest Business Park in Belmont, which will include two speculative industrial buildings totaling more than 600,000 square feet. Tribek’s Scott Bortz told the Charlotte Business Journal the company chose to enter the industrial space because the opportunity to develop a good industrial site arose. JLL’s Brad Cherry, who is handling leasing for the site, said the site’s proximity to Interstate 85 presented a strong opportunity for Tribek to get into industrial development. Read more.

JLL – Jordan Quinn and Spencer Yorke
Kansas City-based NorthPoint Development announced it had closed on the land for Gateway85, a 365-acre industrial park between Gastonia and Lowell. NorthPoint said the development would include 3.6 million square feet of industrial space and that the first buildings would become a reality in the next year. The first phase of the project, which will include two buildings totaling 900,000 square feet, will deliver by the fourth quarter of 2021. The following two phases of Gateway85 would contain build-to-suit developments. JLL’s Jordan Quinn and Spencer Yorke will market Gateway85 for NorthPoint. Read more.

JLL – Jordan Quinn and Spencer Yorke
Rockefeller Group announced it had begun construction on Stateline77, a speculative industrial project that would include two buildings and total more than 1 million square feet of space. The buildings will be 814,162 square feet and 221,000 square feet, respectively, and are expected to deliver in January 2022. The project will be located on the newly constructed Logistics Lane in Fort Mill, just off Baxter Lane and U.S. Highway 21. An entity affiliated with Rockefeller, called RG Baxter Lane LLC, purchased the 77.5 acres for the project for over $10 million last year. JLL’s Jordan Quinn and Spencer Yorke are handling leasing for Stateline77. Read more.

JLL and Cushman & Wakefield – Matthew Greer, Brad Cherry and Matt Treble
Walmart Fulfillment Services LLC bought Troutman Industrial Park, a 1 million-square-foot industrial shell building, for $69 million, according to Iredell County real estate records. The building sits on a 158.3-acre lot at 386 Murdock Road and was developed by longtime developer Kathy Godley. JLL’s Matthew Greer and Brad Cherry brokered the deal on behalf of Godley. Ed Lampitt and Matt Treble from Cushman & Wakefield represented Walmart Inc. Read more.

Legacy Real Estate Advisors, LLC – Adam Williams
North American Properties has tapped a leasing team for Birkdale Village, with plans to revamp the retail experience at that Huntersville mixed-used development. Charlotte’s Adam Williams, principal at Legacy Real Estate Advisors, will lead those efforts. Cincinnati-based NAP recently became a new owner of the 52-acre property at Sam Furr Road and Birkdale Commons Parkway. It owns the property along with Nuveen Real Estate. Read more.

MPV Properties and Childress Klein Properties – Bailey Patrick, Bailey Patrick Jr., Jenny Fowler and Travis Hart
MPV and TRI Pointe Homes, Inc. are pleased to announce Tri Pointe Homes’ upcoming move to The Nexus at Waverly where the company will relocate its Charlotte division office and build a new Design Studio. The 9,354 square foot space is located on the 1st floor of The Nexus, and the new Design Studio will be walkable to all of the amenities within Waverly. Tri Pointe Homes anticipates moving into the new space in the spring of 2021. Bailey Patrick and Bailey Patrick Jr. of MPV Properties represented the Tenant, and Jenny Fowler and Travis Hart of Childress Klein represented the Landlord.

SiteIndex Charlotte Hotsheet – January 4, 2021

Click here to view this week’s SiteIndex Charlotte Hotsheet (also below). View previous hotsheets here.

Want your listings featured?

Simply click the link below and fill out the form with your property details, or email us directly at charlotte@catylist.com. Your listing may be featured in one of our upcoming weekly Hotsheets sent out to hundreds of brokers in Charlotte.

Send in Your Listing

Welcome New SiteIndex Subscribers

We are proud to introduce our new SiteIndex Subscribers! The following is a list of individuals who have joined SiteIndex since November 18:

• Mike Brown, Cole Commercial Real Estate Advisors
• Rodney Faulkner, Boundary Street Advisors
• William Haygood, Boundary Street Advisors
• Shahid Rana, Mecklenburg County Office of Economic Development
• Joseph Salloum, Carolina Property Advisors
• Daniel Yeboah, Boah Group

2020 NAR Real Estate Forecast Summit

NAR’s 2020 Real Estate Forecast Summit on December 10, 2020 provided a year-end review and outlook on the post-election real estate market and the economy.

Video:
https://www.nar.realtor/events/nar-real-estate-forecast-summit

Lawrence Yun’s presentation slides:
https://www.nar.realtor/events/nar-real-estate-forecast-summit

Full Consensus Forecast Infographics:
https://www.nar.realtor/infographics/nar-real-estate-forecast-summit-consensus-forecast

Top 10 Markets Forecast:
https://www.nar.realtor/reports/top-ten-markets-during-covid

Event Press Release:
https://www.nar.realtor/newsroom/top-economic-and-housing-experts-predict-post-pandemic-rebound-with-continued-job-growth-stable

SiteIndex Charlotte Hotsheet – December 28, 2020

Click here to view this week’s SiteIndex Charlotte Hotsheet (also below). View previous hotsheets here.

Want your listings featured?

Simply click the link below and fill out the form with your property details, or email us directly at charlotte@catylist.com. Your listing may be featured in one of our upcoming weekly Hotsheets sent out to hundreds of brokers in Charlotte.

Send in Your Listing