Author: Eddie Coleman
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Triangle Innovation Point
Our take: Southwest of Raleigh and on the edge of Research Triangle Park, Vinfast (Vietnamese electric vehicle manufacturer) made a record-breaking deal to invest $5B for a new facility. Progress has slowed, but this will still mean future apartment and retail opportunities in towns like Moncure, Apex, Fuquay-Varina, and Holly Springs. The Triangle Innovation Point…
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Mid-Atlantic Industrial Rail Park Megasite
Our take: Strategically located for a variety of transportation options: the Port of Wilmington, Wilmington International Airport (ILM), on I-74 with good access to I-40 and I-95, and a CSX Select Site for rail. When this site is occupied, demand for apartments and bread-and-butter retail will increase in these nearby cities: Wilmington, Leland, and Whiteville.…
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Fortune 500 Companies Eye Raleigh
Raleigh is attracting the attention of some of the largest firms in the nation. According to Kyle Touchstone, the city’s economic development director, several Fortune 500 companies are eyeing the city for potential expansions. While Touchstone didn’t provide specifics, he mentioned that his team is currently working on 16 active economic development projects. Among them,…
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Johnson & Johnson to build Billion Dollar, 420 Job Manufacturing Facility in Wilson
Johnson & Johnson is considering a major economic investment in Wilson, North Carolina, with a potential $1 billion manufacturing facility on the horizon. The project, dubbed “Project Harbor,” could create 420 new jobs by 2031, with an impressive average annual wage of $108,823—more than double the city’s median household income. The Wilson County Board of…
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Raleigh Lands US Headquarters for Israeli EV Firm
Driivz, an Israeli based EV company which develops smart EV charging and energy management software for companies like Shell, Circle K and Volvo is opening a US corporate Headquarters in Raleigh. As reported in a Triangle Journal article, the company has operations in 30 countries, manages over 85,000 public EV public charging ports and anticipates…
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Jewelers Mutual to Sparkle in Raleigh
Raleigh is adding another gem to its crown! Jewelers Mutual Insurance Company is bringing its sparkle to the Triangle with plans to establish a new innovation hub in the city. This exciting development will create 200 new jobs over the next five years, focusing on data-driven solutions to enhance the customer experience. Mutual indicated that average wages…
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Economic Development Outlook for North Carolina: Next 12 Months
June 24, 2024 North Carolina’s Economy is clearly among the best in the US. Below we’ve identified the Top 10 economic development organizations in NC, categorized their focus areas and summarized their outlooks and key initiatives for the coming year. Business Growth and Investment Outlook: Continued growth in high-tech industries, advanced manufacturing, and clean energy.…
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10 Reasons to Invest in North Carolina Real Estate
Remember: While North Carolina offers a promising real estate market, it’s crucial to conduct thorough research and due diligence before investing in any property. Eddie ColemanEddie Coleman is the Principal Investment Officer at NC Capital Group. With over 40 years of experience in Commercial Real Estate in North Carolina and South Carolina, his experience spans…
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Working on the website
Eddie ColemanEddie Coleman is the Principal Investment Officer at NC Capital Group. With over 40 years of experience in Commercial Real Estate in North Carolina and South Carolina, his experience spans multifamily, retail, office, historic adaptation, etc. In addition to advising clients and brokering transactions, he has extensive knowledge of North Carolina through experience in…