Why it’s not all doom and gloom for commercial real estate
After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall.
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commercial real estate
Small biz owners scale back their office space or go remote altogether
While the real estate decisions of big companies get much of the attention, small business owners are also reassessing what they need in terms of an office.
Read MoreOffice space in Fayetteville sold for $220,000
128 Bow Street The commercial space, is a single-story building and built in 1900, was sold for $220,000. Located at 128 Bow St., the 867-square-foot building sits on an 871-square-foot lot. It was purchased by Eibcrger LLC from Michael Higgins on Dec. 1, 2023. These nearby offices have also recently been sold: · In May 2023, a 3,151-square-foot commercial space on East Russell Street in Fayetteville sold for $1,250,000, a price per square foot of $397. On Gillespie Street, Fayetteville, in July 2023, a 1,008-square-foot commercial space for $70,000, a price per square foot of $69. This story was...
Read MoreClosing Deal: Durham industrial property snapped up for $224,000
1310 Angier Avenue The commercial space at 1310 Angier Ave. was constructed in 1900. The lot of the property covers 3,920-square-foot. The single-story building is equipped with radiant heating. Outside, the building presents roofing composed of asphalt materials. The new owner, East Durham Qozb LLC, purchased the 1,193-square-foot property, assigned for commercial use, from Durham Llc Build on Dec. 5, 2023 for $224,000. This story was generated using public data feeds and artificial intelligence. Send any errors to...
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Commercial real estate deal: Industrial space in Durham sells for $16.2M
Proto Labs Inc purchased the single-story commercial space, located at 3615 Pleasant Grove Church Rd. from Grove Warehouse Llc Pleasant on Dec. 7, 2023. Here are the details.
Read MoreDurham retail property sells for $250,000
116 West Britania Avenue The commercial space at 116 W. Britania Ave. changed hands on Dec. 7, 2023. Durham Investment Group LLC purchased the property, built in 1973 from Camino Investments Llc El. The 3,480-square-foot property, designated for commercial use, is a single-story building and sits on a 10,890-square-foot lot. It comes equipped with a cooling system and a heating system. Outside, the building presents roofing composed of asphalt materials. The closing price for the property was $250,000. This story was generated using public data feeds and artificial intelligence. Send any errors to...
Read MoreWestern Wake industrial property sells for $275,000
133 Triangle Trade Drive The commercial space at 133 Triangle Trade Dr. changed hands on Nov. 13, 2023. Amward Homes Of NC Inc purchased the property, built in 1999 from Partners Llc Sanctuary. The 8,060-square-foot property, designated for commercial use, is a single-story building and sits on a 1.2-acre lot. It comes equipped with central A/C and central heating. On the exterior, the building is characterized by a flat roof design. The closing price for the property was $275,000. This story was generated using public data feeds and artificial intelligence. Send any errors to...
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Commercial real estate deal: Restaurant sells for $2 million in Raleigh
The restaurant at 805 W. Peace St. in Raleigh changed hands on Dec. 7. Here are the details.
Read MoreOffice space in Western Wake sold for $305,000
1300 Southeast Maynard Road Caspar NC LLC purchased the single-story commercial space, located at 1300 SE. Maynard Rd. from Investments Llc Bolick on Dec. 1, 2023 for $305,000. It came equipped with central A/C and central heating. On the exterior, the building features a hip roof design. The property, designated for commercial use, was built in 1998 and features 923 square feet. These nearby offices have also recently been sold: · A 1,448-square-foot commercial space on Southeast Maynard Road in Cary sold in August 2023, for $400,000, a price per square foot of $276. · On Southeast Maynard Road,...
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