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By Kayli Thompson Staff Writer, Triangle Business Journal Feb 9, 2023 An e-learning company with regional headquarters in Morrisville is expanding its local office space to accommodate growth. IXL Learning of California has its East Coast headquarters at Perimeter Park in Morrisville. The company has added 22,544 square feet of space on the first floor at 1600 Perimeter Park Drive, bringing IXL’s total square footage to 67,780 on the first, third and fourth floors. Company…

GDP GROWTH The U.S. economy expanded at a solid annual rate of 2.9% in the fourth quarter of 2022, down from 3.2% at the end of Q3, according to the Commerce Department’s Bureau of Economic Analysis. Fourth-quarter growth was more than expected and capped a year of economic slowing that reflects a return to a more normal pace of growth. Nevertheless, concern continues that growth may turn negative in 2023. The increase in real GDP…

LEASES ADDRESS CITY, STATE TYPE REPRESENTATION ACRES/SF BROKER(S) 3115 Sam Wilson Rd Charlotte, NC Industrial Tenant 148,654 Moss Withers Karah Jennings McConnell 4915 Waters Edge Dr Raleigh, NC Office Landlord 390 Moss Withers Karah Jennings McConnell 4917 Waters Edge Dr Raleigh, NC Office Landlord 666 Moss Withers Karah Jennings McConnell 547 Keisler Dr Cary, NC Office Landlord 1,500 Stone Alexander 149 & 159 E Chatham St Cary, NC Office Tenant 1,207 1,425 Moss Withers Karah…

INDUSTRIAL OVERVIEW RECORD RENT GROWTH, LOW SUPPLY Relentless demand continued for warehouse-and-distribution space across North America in 2022. The year ended with a surge in fourth-quarter absorption along with more double-digit annual rent growth. While growth has slowed from the fever pitch of 2021, there have been no signs of significant deterioration in the fundamentals driving demand for industrial space. Inflation-adjusted retail goods sales and truck tonnage are at high levels, and containerized imports at…

RALEIGH, NC – December 8, 2022 – Lee & Associates Raleigh-Durham, the regional office of the national commercial real estate firm Lee & Associates, is pleased to welcome Kyle Gross and Silas Fortuin to its brokerage team. Kyle Gross joins Lee & Associates with nearly ten years of experience in commercial real estate and a proven track record of successful multifamily and capital markets sales. Before joining the firm, he worked with Marcus & Millichap’s…

GDP GROWTH The nation’s gross domestic product grew at an annual rate of 2.6% in the third quarter, a reversal from six previous months of decline. Although the Commerce Department data was better than forecast there are expectations the economy will weaken under the strain of high inflation and rising interest rates. There were third-quarter gains in exports, consumer spending, nonresidential fixed investment and local, state and federal government spending. These increases were partly offset…

Since 2013, the rise of e-commerce has caused such an enormous boom in industrial real estate that it has become the preferred asset class of many commercial real estate investors. At the heart of the e-commerce revolution has been Amazon. Even before the pandemic, the firm had around 192 million square feet of warehouse, data center, and distribution space across the U.S. and Canada. Since the pandemic, it has added over 220 million square feet…

In June and July of this year, the Fed raised the interest rate at the fastest pace in forty years: it raised the federal funds rate 75 basis points at each open market committee meetings. Why did it do so, and what do its actions and current economic data say about the economy? This report will investigate and answer these questions, as well as explore the thinking that is guiding the Fed’s policies and explain…

RALEIGH, NC – August 15, 2022 – Business North Carolina announced its 2022 North Carolina Best Employers annual list, naming Lee & Associates Raleigh-Durham a top employer in the medium company division. “Since starting the company in 2018, one of our top principles has been building a strong workplace culture,” said Karah Jennings McConnell, Executive Vice President and Principal of Lee & Associates Raleigh-Durham. “This shared vision has developed a solid team that enjoys creating…

RALEIGH, NC – July 14, 2022 – Jonathon Harriss, who previously served as Research Analyst for Lee & Associates Raleigh-Durham, has joined the firm as a broker. Harriss began working with Lee & Associates as an intern while earning his undergraduate degree at North Carolina State University. As a Research Analyst, Harriss was responsible for compiling and analyzing data for a variety of brokerage-related activities. In his new role as a broker, he will bring…