NAI Carolantic Realty Broker Receives 40 Under 40 Award

NAI Carolantic broker, Kyle Greer was recently presented with a "40 Under 40" Award by Triangle Business Journal. The award recognizes 40 of the most influential and highly accomplished young leaders in the Triangle Region. The winners were selected based on their contributions to their company and the community. Over 250 attended the award ceremony at Prestonwood Country Club in Cary.

A commercial real estate broker for seven years, Mr. Greer has distinguished himself as a powerful member of the NAI Carolantic Realty team. Starting his career by working under Chairman Steve Stroud, SIOR, he hit the ground running and in 2006 started handling large transactions including the sale of a $2.4 million dollar, 107 acre sale in Salisbury for a regional Catholic congregation. Through hard work and perseverance, his 2007 sales transactions ended up totaling in excess of $8 million. In 2008, he closed an $8 million land transaction representing Wake Technical Community College in the purchase of 76 acres in Morrisville. By the end of the year he had successfully closed over $11 million in a time when commercial real estate deals were few and far between. In 2009, 2010, and 2011, he continued to close many deals for various clients including: Dairy Queen, Hope Community Church, The Carroll Companies, Atlantic Tire & Service, Triangle Regency, BB&T, Capital Bank, Wake County Board of Alcohol Control, and many individual investors. His transaction volume currently exceeds $75 million.

"Kyle is a strong independent thinker whose analytical skills have made him a true asset to NAI Carolantic. While in college, he founded a network and computer consulting company which he sold after four years. Part of his brokerage success can be attributed to understanding the needs of small business and he works to do what it takes to get the deal done in a win-win situation," said Stroud.

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NAI Carolantic Gives Back

Wes Cook with Withers & Ravenel, Inc. and Moss Withers, NAI Carolantic Realty

NAI Carolantic is a company where the brokers and staff take seriously the concept of giving back to their community. One recent example involved Moss Withers, a broker with our firm, who was asked to chair the YMCA We Build People Campaign Golf Marathon for the second year in a row. This year, he and his committee were successful in raising $67,637 which is the largest donation ever from their golf tournament.

First Quarter 2012, The Linneman Letter: The Top 1% Are Not Evil

In our continuing effort to keep our clients informed of the latest market conditions and how it could impact your business decisions, we are providing the First Quarter 2012 condensed Linneman Letter. As you know, The Linneman Letter is a report written by our NAI Global Economist, Dr. Peter Linneman formerly at the Wharton School of Business, the University of Pennsylvania. (Back issues of The Linneman Letter can be found under Market Research.)

Click here to download the report.

James M. Barnes, SIOR Named as Commercial Realtor
of the Year

Jimmy Barnes

At the 2012 Triangle Commercial Association of Realtor's Annual Frontier Awards, held on March 1st, James M. Barnes, SIOR, President of NAI Carolantic Realty was named the 2011 Commercial Realtor of the Year in front of a crowd of over 150 professional brokers and guests. This is the highest honor given by the association and indicates the recipient has the highest principles, dedication to the Code of Ethics of the Association and most importantly, has the principals of good real estate practice. This person must also have served the association, have business accomplishments in the industry that include good business conduct, service to clients and creativity in marketing properties. The breakfast event was held at Carolina Country Club.

Steve Stroud, SIOR, Chairman of NAI Carolantic and the 2008 Commercial Realtor of the Year, presented the award to Barnes noting he exemplifies one of the best. "He has over 20 years of commercial real estate experience in Research Triangle Region, 19 of them with NAI Carolantic Realty. He is a member of the prestigious Society of Industrial and Office Realtors and has received several NAI Global Elite Awards for his transaction volume. He is a specialist in Class A office leasing and sales and has been involved in over $80 million in transactions which includes over one million square feet in just three years. He has served as the past chairman for the Economic Development Board of the Greater Raleigh Chamber of Commerce Board of Directors, and as chair of the Appalachian State University Board of Visitors. He is also on the local Boy Scouts of America Board and was a recent chair of the Annual Boy Scouts Breakfast fundraiser. As if that wasn't enough, he is also on the NAI Global Leadership Advisory Board," said Stroud. "As many know, Jimmy is a very skilled public speaker and is well known for having led our Annual Triangle Commercial Real Estate Conference for the past ten years. We are proud to have him as part of our team, and congratulate him on this well-deserved award."

NAI Carolantic Realty Brokers Receive TCAR Frontier Awards

Ten NAI Carolantic brokers were presented with awards on March 1st at the 2012 Triangle Commercial Association of Realtor's Annual Frontier Awards breakfast. James M. Barnes, SIOR, President of NAI Carolantic Realty was presented with the Commercial Realtor of the Year, the highest honor given by the Association. The TCAR event, held at Carolina Country Club in Raleigh, was established to recognize the diligent work and efforts of members as well as those bringing about change in the community. The keynote address was given by Ron Francis, Director of Hockey Operations for the Carolina Hurricanes, and the festivities were emceed by the 2012 TCAR President, Kerry Saunders.

The following awards were presented to NAI Carolantic brokers:

Dee Creech Osborne

Lifetime Million Dollar Industrial Leasing Club
Dee Creech Osborne, SIOR was recognized as having made the Million Dollar Club in Industrial Leasing for the past five out of seven years in a row.

Million Dollar Sales Club
Ed Brown, SIOR, CCIM, and Scott Hadley were recognized for membership into TCAR's 2011 Million Dollar Sales Club. Entrance into the Million Dollar Sales Club was determined by a broker having had total sales in excess of $5,000,000.

Million Dollar Land Sales Club
William Kyle Greer, Scott Hadley and Steve Stroud, SIOR, were recognized for membership into TCAR's 2011 Million Dollar Land Sales Club. Entrance into this club was determined by generating a minimum of $2.5 million in aggregate land sales volume.

Million Dollar Office Leasing Club
Robin Roseberry Anders, SIOR, and James M. Barnes, SIOR were recognized for membership into TCAR's 2011 Million Dollar Office Leasing Club. Entrance into this club was determined by two of three factors: Total leasing volume of $5 million or more, 10 or more transactions for the year and/or leases totaling a minimum of 100,000 rentable square feet.

Million Dollar Industrial Leasing Club
Ed Brown, SIOR, CCIM, Dee Creech Osborne, SIOR, John Hibbits, and Jake Plotkin, CCIM were recognized for membership into TCAR's 2011 Million Dollar Industrial Leasing Club. Entrance into this club was determined by two of three factors: Total leasing volume of $2 million or more, 5 or more transactions for the year, and/or leases totaling a minimum of 50,000 rentable square feet.

Million Dollar Retail Leasing Club
Joaquin Canals was recognized for membership into TCAR's 2011 Million Dollar Retail Leasing Club. Entrance into this club was determined by two of three factors: Total leasing volume of $3 million or more, 10 or more transactions for the year, and/or leases totaling a minimum of 50,000 rentable square feet.

NAI Global Honors Steve Stroud, Jimmy Barnes and Jim Adams of NAI Carolantic Realty with Deal of the Year & Top Producer Awards

Steve Stroud

Jimmy Barnes

Jim Adams

NAI Global, the world's premier network of commercial real estate brokerage firms and one of the largest real estate service providers worldwide, recognized Steve Stroud, SIOR, Chairman of NAI Carolantic, Jimmy Barnes, SIOR, President of NAI Carolantic, and Broker Jim Adams, as winners of the "Deal of the Year" Award. In addition, they were named Top Producers for performance in 2011.

Stroud, Barnes and Adams won Deal of the Year for selling over $600 million in notes to date for a major regional bank in North Carolina. The Deal of the Year award is based on a combination of factors, including the size of the transaction, its strategic importance and the broker's performance in satisfying the client's objectives.

The awards were presented in a ceremony on February 8th at the NAI Global 2012 Convention in Las Vegas. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.

Steve Stroud, Jimmy Barnes, Jim Adams, and Kyle Greer of NAI Carolantic Realty Named to NAI Global Elite


NAI Global named Steve Stroud, SIOR, Chairman of NAI Carolantic, Jimmy Barnes, SIOR, President of NAI Carolantic, as well as Brokers Jim Adams and Kyle Greer to the NAI Global Elite, a group comprised of the organization's top performers and top producers. Stroud, Barnes, Adams and Greer qualified as Top Producers at the Elite level based on production in 2011. The award was presented at the NAI Global 2012 Convention held in Las Vegas on February 8th.

NAI Carolantic Realty on Target with Commercial Real Estate Forecasts

Steve Stroud, SIOR & Dr. Peter Linneman

At last year's conference, NAI Carolantic predicted that 2011 would be a painfully slow recovery year, but that we would see bottom. They were right on target once again. We finished the year with a drop in vacancy in the multipurpose and office sectors and remained the same in retail. We also had increases in absorption in all but two submarkets. That was the message to more than 1,700 business and community leaders who gathered at Raleigh's RBC Center Wednesday, January 18th for the 27th Annual Triangle Commercial Real Estate Conference hosted by NAI Carolantic Realty. The Conference is considered the authoritative "state of the market" report on the Triangle's real estate sector and an accurate bellwether on the health of the region's overall economy.

Steve Stroud, SIOR, Chairman of NAI Carolantic, welcomed attendees noting NAI Carolantic was celebrating "Forty Years of Forward Thinking." He also said he was glad to be there given a tractor accident three months earlier. He thanked family, his team at NAI Carolantic and friends for their numerous acts of kindness during his recovery.


Jimmy Barnes, SIOR

Following Stroud's comments, NAI Carolantic President Jimmy Barnes, SIOR took center stage to review the past year's commercial real estate landscape and offered Carolantic's forecast for 2012.

"Remember, leasing is big business, as it has been reported there is over a trillion dollars nationally in lease obligations for public companies alone. We are finally making headway, but nowhere near where we were in 2007. The national capital markets are affecting business here in the Triangle. The primary stories are lots of money available but also billions of dollars of maturing debt. Local and community banks are trying to work with their customers, but vacancies and declining values are big obstacles. In addition, a lack of institutional grade, Class A product, low interest rates, and an abundant money supply have driven up activity and consequently prices. The Triangle has benefited from this activity with large transactions in the apartment market ($850 million) as well as the office market. There is still a lot of political unrest, but we are seeing a national recovery, and our local real estate market is as active as we have seen it over the last 36 months. Nothing robust, but we are optimistic moving into 2012", said Barnes.

NAI Carolantic's survey and analysis showed that, in a market of almost 240 million square feet of office, multipurpose and shopping center space, nearly 32 million square feet remained vacant at year-end. "Vacancy decreased slightly in the office and multipurpose sectors, and the shopping center market remained at 6% for the third year in a row. Absorption improved slightly in 2011 and we expect minimal construction in the first quarter of 2012. The apartment market continues to be on fire with the vacancy rate the lowest in the past decade," said Barnes.

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NAI Carolantic Realty Names New Vice President

Kerry Saunders Vice President

NAI Carolantic Realty forms Strategic Partnership with Alliance Commercial Property Management Co.

NAI Carolantic Realty has announced the formation of a strategic partnership with Alliance Commercial Property Management Company headquartered in Greensboro, NC. Effective immediately, NAI Carolantic's property management operations will be merged with Alliance who also handles property management for NAI Piedmont Triad in Greensboro. Alliance currently manages over 2.5 million square feet of office and retail space, including 25 retail properties in North and South Carolina.

"This partnership allows us to strengthen our commercial property management capabilities, expanding our business throughout the region," said Steve Stroud, Chairman of NAI Carolantic Realty. Operating Manager of Alliance Commercial Property Management, Jimmy Black noted the opportunity provides a dynamic platform from which to continue to grow and expand in the Southeast. Bryant Stoneham, CPA, currently CFO for NAI Carolantic will now also become the Chief Financial Officer of the management company. Linda Davenport, RPA, a Senior Property Manager with NAI Carolantic for over 25 years, will become part of the Alliance property management team which has seasoned professionals with combined experience of over 120 years.

Attention Investors:

Be sure to visit the new website: www.assetresolutiongroup.com for a list of available REO properties for sale in the Southeast US. For additional information, please email us at questions@naicarolantic.com

Celebrating over 40 years of commercial real estate leadership in the Triangle and across North Carolina

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