Triangle real estate firm expands with seven-member team
By Caleb Harshberger – Staff Writer, Triangle Business Journal June 10, 2020, 3:06pm EDT A Triangle brokerage and real estate services firm has brought on a seven-member team with millions of square feet of brokerage under its belt and decades of collective experience in the market. Lee & Associates Raleigh-Durham this week announced the addition of Chambers Group Raleigh to the firm. The team is led by Jennifer Olevitch-Roberson. “Jenn has been a staple in…
It’s official: Cary hotel has new owners – here’s how much they paid
By Caleb Harshberger – Staff Writer, Triangle Business Journal June 5, 2020, 3:25pm EDT After years of excitement, investment, development, heartbreak and bankruptcy, The Mayton Inn in downtown Cary is officially in the hands of new owners after investors closed on the property this week. READ MORE
More action for downtown Cary with retail, office project near Bond Brothers brewery
By Caleb Harshberger – Staff Writer, Triangle Business Journal May 1, 2020, 7:14am EDT More development is in the works for downtown Cary as a local firm maps an overhaul of a decades-old property. Cary-based Chatham Street Commercial filed site plans with the town earlier this year for the Rogers Building Redevelopment, calling for three stories of mixed-use office and commercial development in the heart of town. READ MORE
Retail tenants, landlords get creative with rents in time of crisis
By Caleb Harshberger – Staff Writer, Triangle Business Journal Apr 3, 2020, 2:54pm EDT For tenants who find themselves unable to make rent and looking for support, Lee & Associates senior director Jake Plotkin says it’s important to be prepared. “I’d recommend … they have their sales for 2019 and the months through this year so they can have a meaningful conversation with the landlord,” he says. It’s important to show that the crisis is…
Cary’s Mayton Inn may have a buyer
By Lauren Ohnesorge – Senior Staff Writer, Triangle Business Journal Mar 4, 2020, 2:41pm EST A boutique hotel in Cary that’s faced troubles may have a potential buyer. New filings in the bankruptcy case of the The Mayton Inn’s owner reveal an $8.1 million offer made by a company known as Academy Park Hospitality. While filings show the inn’s parent company, known in court documents as Memento Mori, “has had productive discussions with several potential…
Five Economic Trends to Watch for in 2020
THE GLOBAL ECONOMY IS EXPECTED TO GROW BUT AT A MODEST PACE Expect the global economy to expand at a rate of around 3.2% this year in PPP (purchasing power parity) terms. Partly because of easy monetary policies across the globe, expect all of the major economies to grow. US GDP is likely to expand by around 2%, in line with its potential rate. Given the historically low unemployment rate, US employers will find it…
Ryan Lawler Joins as Broker
LEE & ASSOCIATES WELCOMES RYAN LAWLER November 11, 2019 (Raleigh, NC) – Lee & Associates Raleigh Durham would like to welcome Ryan Lawler. Ryan joins our team as a Texas native and veteran of Lee & Associates with five years of brokerage experience in the Newport Beach office. While in California, Ryan focused on the Southern market’s premier Industrial and Office users. He brings a unique perspective and expertise to this market. Ryan will focus…