News

Industrial development and investment sales are simmering down after an explosive period driven by COVID supply chain challenges   Triangle Business Journal November 24, 2023 COVID had a profound impact on industrial development in 2020 and 2021 as consumers shifted to shopping online and retailers scrambled to meet demand. Logistics partners re-designed supply chains to more efficiently serve customers, driving demand for more industrial and logistics space. In the Triangle, rents grew as much as…

Raleigh, NC – November 2, 2023 — Lee & Associates Raleigh-Durham is proud to announce that Cole Pennell has recently earned the Certified Commercial Investment Member (CCIM) designation. The CCIM designation is recognized globally as a top achievement in the commercial real estate profession, signifying a high level of expertise, professionalism, and high-quality service to clients. Cole received his CCIM designation after successfully completing rigorous graduate-level coursework, passing a comprehensive exam, and demonstrating a record…

By Nick Leverett CoStar October 19, 2023 As the population grows and new jobs are created in Chatham County, North Carolina, developers are racing to deliver new retail, housing and amenities for the area’s current and future residents. Chatham County is located southwest of Raleigh and Durham and has a population of almost 80,000 people. Although it is less populous than the Research Triangle’s core counties of Wake County, Durham County and Orange County, Chatham…

Raleigh, NC – September 20, 2023 – Lee & Associates Raleigh-Durham is pleased to announce that Randy Bossé has joined the firm as a Senior Director. In his new role, Bossé will focus on new business development and working with the firm’s retail team. Bossé is a seasoned real estate professional with more than 40 years of experience. In addition to being a Partner at 1st Carolina Properties, Bossé was a co-developer of Park West…

RALEIGH, NC – June 20, 2023 – Lee & Associates Raleigh-Durham is proud to announce that Russell Stewart, SIOR, JD, was selected as a winner of the Connect CRE 2023 Next Gen Award. Connect CRE, a leading commercial real estate news and networking platform, received over 500 submissions for this award from across the United States. The award recognizes the most talented young professionals in commercial real estate and featured a highly competitive field of…

Raleigh, NC – June 19, 2023 – Lee & Associates Raleigh-Durham, a leading commercial brokerage firm in Raleigh, is proud to announce its recognition as Office of the Year within the Lee & Associates network. This prestigious accolade, which recognizes Raleigh-Durham as the top office within its market division, was presented at the annual Lee Summit conference held in Las Vegas on June 13, 2023. The Office of the Year award reflects Lee & Associates…

RALEIGH, NC – May 24, 2023 – Lee & Associates Raleigh-Durham is pleased to announce former NFL quarterback and North Carolina State University alumnus Mike Glennon is joining the firm as a broker. Glennon will specialize in land and investment real estate, leveraging his unique skillset, extensive knowledge of the Triangle region, and strong relationships to provide exceptional service. Glennon is a well-known figure in the Triangle region, having played football for NC State along…

  Downtowncarync.org March 30, 2023 Upgrades, construction, history homes being moved down the street, and much more. Needless-to-say, it’s a buzz of activity in Downtown Cary these days. A lot of attention, and rightfully so, it paid to the up-fit for the new downtown park, but perhaps you noticed a new building going in across the corner from the park and the library. What used to be an older farm-style house is now the forever home…

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…