Author: Eddie Coleman
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NC Report Predicts 700,000 Housing Units Needed by 2029
A recent report by the NC Chamber Foundation, in collaboration with the North Carolina Home Builders Association and NC REALTORS®, reveals a significant housing shortage in North Carolina that spans all income levels and regions. The study projects that between 2024 and 2029, the state will experience a 5% increase in households, equating to 218,160…
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Raleigh Sees Record Breaking Apartment Demand….. Workforce Housing supply remains strained
Raleigh’s apartment market is experiencing historic levels of demand, with net absorption reaching an all-time high in 2024. According to CoStar, the city absorbed nearly 8,600 units, more than double its typical annual average. While absorption is expected to moderate in 2025, demand will still remain above historical trends, fueled by strong population growth and…
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Neighborhood Strip Malls: A Great Investment Opportunity
Neighborhood strip malls—often called shopping centers—are becoming popular again among real estate investors. In simple terms, these properties, which usually have several small stores in one location, offer steady income and lower risks compared to some other types of real estate. Let’s take a look at why these shopping centers are making a comeback, why…
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Unlocking NC Real Estate Success: Key Components of a Winning North Carolina Real Estate Investment
North Carolina has become a prime destination for real estate investors due to its robust economy, growing population, and high quality of life. However, not every property is a good investment. Here are the key components to evaluate when considering real estate opportunities in North Carolina. 1. Location, Location, Location The location of a property…
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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…