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Mixed-use developments are seeming to pop-up left and right in Johnston County Government — and another one may be on its way, courtesy of a Raleigh-based real estate group. APG Capital purchased roughly 70 acres off Campground Road in Town of Selma, NC for $3.8 million, per recent deed records. The land is mostly vacant but includes a more than 16,000 square-foot building currently used for administrative offices of a church, among other things. James I. Anthony III told me that his team is planning to work together with Selma and Johnston County officials to build a mixed-use development on the land over time. This area will be absolutely booming if/when that comes to fruition, as these 70 acres sit right by Eastfield Crossing, a mixed-use development from Kevin Dougherty/AdVenture Development that will bring 3 million square feet of industrial, retail, medical and housing space to the Interstate 95 corridor. Read more in the Triangle Business Journal link below. #trianglenc #mixeduse #growth #development #realestate

Mixed-use developments in North Carolina have been on the rise in recent years, offering a blend of residential, commercial, and recreational spaces within a single project. These developments aim to create vibrant and walkable communities that cater to the diverse needs of residents. With a focus on creating live-work-play environments, mixed-use developments in North Carolina are designed to foster a sense of community and encourage social interactions. They often feature green spaces, bike lanes, and pedestrian-friendly pathways to promote a healthy and active lifestyle.u As the demand for mixed-use developments continues to grow, developers and city planners are working together to create innovative and sustainable projects that enhance the quality of life for residents. From revitalizing historic neighborhoods to creating new urban hubs, mixed-use developments are reshaping the way we live, work, and play in North Carolina. #brynthebroker #northcarolina #mixeduse #johnstoncounty #joco #developers #investors #brynharrington #commercialrealestate

Have you read about the variations in the Mid-Atlantic market or the current challenges & opportunities surrounding affordable housing? Check out the latest issue of Northeast Real Estate Business — MID-ATLANTIC RETAIL IS ANYTHING BUT MID Brokers, owners and developers in the region’s retail sector describe a market buoyed by a strong consumer base, though the landscape varies somewhat across urban and suburban areas. By Hayden Spiess; insights from — Richard Lake, Roadside Development LLC; Robert Hoffman, Global Urban (Global Fund Investments LLC); Bill Miller, MILLER WALKER Retail Real Estate; Michael Howard, Rappaport; D. Wright Sigmund, The Sigmund Companies; Gary Michael, NAI Michael Companies. CHALLENGES, OPPORTUNITIES ABOUND IN ADDRESSING U.S. AFFORDABLE HOUSING CRISIS The problem can’t be solved overnight, but adherence to the following principles is a great place to start. By Derrick Barker, Nectar Inside This Issue: - An Inside Look at Sourcing Foreign Equity Sources for Multifamily Deals - New York Desperately Needs More Affordable Housing. What Has to Give? Read the issue: https://lnkd.in/ew8_g_C3 #Northeast #CRE #CommercialRealEstate #AffordableHousing

📈 New York City experienced robust activity in Q2 2024 with dollar volume totaling approximately $2.83 billion, 108% higher than the previous quarter and the best quarter since Q2 2023. Interestingly, every borough saw a quarter-over-quarter increase in dollar volume, which shows the resilience of the multifamily market throughout the city. Read more in Ariel Property Advisors’ Q2 2024 Multifamily Quarter in Review: ➡ https://lnkd.in/daeu4kXg ⬅ #CRE #Multifamily #NYCRealEState

#Detroit has been recognized as one of the best places to live in 2024 by Money.com due to its impressive economic recovery, and revitalization. According to Money, after overcoming urban decay and bankruptcy, the city has seen lower unemployment (2.6%) and affordable housing. "At one point, the city was a symbol for urban decay, even declaring bankruptcy in 2013. However, the city has mounted one of the most successful comeback stories we've seen in the last quarter of a century. Now, it's one of the country's most unlikely boomtowns," money wrote. The site also list Investment in green spaces, like the Joe Louis Greenway, and the Hudson's Site project, have boosted the city's appeal. Credit: Metro Detroit News Follow Darrick Muhammad #realestate #bigdeals #realestateinvestor #realestateinvesting #realestateinvestors #investments #investmentproperty #wealthymindset #wealthhacks #propertyinvestment #multifamilyinvesting #apartmentinvesting #investormindset #successtips #residualincome #investing #apartmentinvestor #ikepost #luxurylistings #luxuryhomes #wealthbuilding #financialfreedom #financialliteracy #buildingwealth #passiveincome #passiveinvesting #instagood #cashflow #michigan

Is your business aligned with the growing need for affordable housing in Boston? Boston's real estate market faces an urgent challenge - affordable housing. As city groups, like the Greater Boston Interfaith Organization, push for sensible housing policies, it's time for all of us to take notice. Expanding a healthy mix of housing options is crucial to preserving the economic diversity that makes our city vibrant. Is your company considering strategies to boost affordable development in Boston? Or possibly exploring programs that provide credits to developers building affordable properties? As we confront these challenges, it's crucial to reflect on how our collective decisions shape the city’s social fabric. Explore these gaps in knowledge, and let's strive to reshape the narrative from the ground up. For deeper insights into how to merge profitability and social responsibility in the Boston real estate market, feel free to connect with me. #BostonRealEstate #Boston #BostonRealtor #TurcoGroup #eXpRealty #BostonCondo #BostonHome #MovemetoBoston.

New York City is set to dramatically reshape a significant portion of its waterfront in Brooklyn following a major real estate transaction announced by Mayor Eric Adams. The city will take control of a 122-acre site from the Port Authority of New York and New Jersey in a landmark no-cash deal, which includes the Brooklyn Marine Terminal. The transformation plans involve creating a modern port facility that will foster the city’s maritime freight industry and reduce dependency on truck transportation. Key features of the redevelopment will include micro-distribution systems like cargo bikes and electric vans. In addition to boosting its maritime capabilities, the site will be developed into a mixed-use community offering housing, retail, and abundant green spaces. This initiative is part of a broader vision to develop a vibrant neighborhood along the shoreline, showcasing New York City's potential and commitment to innovative urban development. The city will invest $80 million initially for infrastructural enhancements, including the repair of three piers. New York State will also contribute, with Gov. Kathy Hochul announcing a $15 million investment. The transaction also involves the city transferring ownership of its portion of the Howland Hook Marine Terminal in Staten Island to the Port Authority, which will streamline operations and management under a single entity. The redevelopment project will commence with a community engagement and master planning process, aimed at crafting a comprehensive vision for the site over the next six to nine months. Following this, the city plans to issue requests for proposals to find operators for the new facilities, ensuring the waterfront remains a working hub integrated with community-oriented developments. #NYCWaterfront #BrooklynDevelopment #UrbanInnovation #GreenCity #SustainableNYC #MaritimeFreight #CommunityEngagement #RealEstateNews #MayorEricAdams #NYCReimagined https://lnkd.in/eURA_5dq

This past week, my friend Jason Radzik and I spent 2 days out in Greenville, SC, and as a result it is now hands down one of my top 3 markets in the country... . . Up until now, I've only really ever driven through Greenville and studied the market online, I had never actually spent any prolonged time in the city. A few weeks ago, I wrote a post about how 'anecdotes can tell a better story than the data' and this is a contemporary example of this. We were out in Greenville to tour a property that we are currently trying to buy, and while we were out there, we also scheduled tours at 5 of our comparable properties and met with multiple brokers in the city. The feedback we got was incredible. The quality of life, culture, and economy of the city are only getting better. The types of people moving here are young professionals, and the market is dominated by small to mid cap companies that are seeing a lot of internal growth. As some of you may know, SC has some very unique tax credit opportunities, and specifically with historic buildings. This has incentivized a lot of new development to happen, and a lot of historic buildings to be redesigned. The entire downtown area is pretty much new. Very few buildings are outdated, and there is a lot of ongoing development. And after speaking to quite a few of the natives from the area, Greenville was absolutely nothing like this 10 years ago, which is a clear indication that the market is still in its early phase of growth and that they have done an incredible job changing the city significantly. Single family homes literally can't sell fast enough here, even considering today's lending environment. All in all, I'm very bullish about the future of this market and believe its going to continue seeing tremendous growth. We are already in conversation to potentially buy a couple of different properties here, and I intend to ramp up the search for good investments in Greenville.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝘆 𝘄𝗲 𝗹𝗼𝘃𝗲 𝗖𝗵𝗮𝗿𝗹𝗼𝘁𝘁𝗲, 𝗡𝗖? 𝘓𝘦𝘵’𝘴 𝘴𝘵𝘢𝘳𝘵 𝘸𝘪𝘵𝘩 𝘴𝘰𝘮𝘦 𝘴𝘵𝘢𝘵𝘴. 𝗣𝗼𝗽𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗴𝗿𝗼𝘄𝘁𝗵: Consistently 2-4% YoY for the past 3 years and projected to increase by another 6% by 2029. 𝗨𝗻𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁: Charlotte consistently maintains a low unemployment rate of 3.4% compared to the national average of 4.1% (according to the BLS). 𝘓𝘦𝘵’𝘴 𝘵𝘢𝘭𝘬 𝘢𝘣𝘰𝘶𝘵 𝘭𝘰𝘤𝘢𝘵𝘪𝘰𝘯. Virtually all of Charlotte’s west corridor is an opportunity zone which means the state is offering tax incentives for new development and investment that could lead to gentrification and fuel further growth in the area. Charlotte completed the Lynx Blue Line in 2007. The Blue Line is an 18.6-mile light rail line, offering extensive connectivity with 26 stations and stretches from Interstate 485 to UNC Charlotte's main campus. It features 11 park and ride locations, designed to facilitate easy access for commuters. The Blue Line Extension project began in 2013 and opened to the public on March, 16th 2018. Developers placed a bet on the path of the Blue Line that paid off handsomely. The LYNX Blue Line Extension (BLE) light rail line has led to nearly $1 billion in new development since construction began in 2013. The BLE has spurred the construction of new apartments, single-family homes, restaurants, breweries, and entertainment venues. 𝘛𝘩𝘢𝘵’𝘴 𝘫𝘶𝘴𝘵 𝘵𝘩𝘦 𝘣𝘦𝘨𝘪𝘯𝘯𝘪𝘯𝘨... There are additional light rail systems in the works. The Silver Line, a planned 29 mile path opening in the 2030s, is expected to cost nearly $9 billion to construct, leading to more new development in the surrounding areas.  Charlotte, NC, is not just a city on the rise—it's a strategic choice for savvy multifamily real estate investors. Now is the time to capitalize on this booming market! 🏙️💼 #RealEstateInvesting #MultifamilyInvesting #CharlotteNC #PropertyInvestment #EconomicGrowth

Union City Deal Going Live This Week—Get in Before It's Public! 🏢 We have an 8-unit multifamily property in Union City that's set to go live this week, but there's still time to get a deal done off-market if you're ready to move fast! Union City Deal Details: Price: $1,350,000 Units: 8 (1, 2, and 3 bedrooms) Gross Annual Rent: $120,571.44 NOI: $84,278.58 Cap Rate: 6.24% Location: Just blocks away from breathtaking views of New York City This is a prime opportunity in a high-demand rental market, and it won't last long once it hits the public. Union City is known for its rental demand and excellent proximity to Manhattan, making this property a great addition to any portfolio. If you're interested in locking this in before it goes live, reach out! I will also be attaching the Operating Memorandum—feel free to review for more detailed information. Let’s make something happen while there's still time! #CommercialRealEstate #Multifamily #UnionCity #OffMarketDeals #InvestmentOpportunity #LeeAndAssociates #RealEstateInvestment