Tag: commercial

Tiger’s failed North Carolina course site in Black Mountain is on the market for $24 million. Golfchannel.com by Jason Crook Tiger Woods‘ first signature course in the U.S. opened earlier this month to rave reviews with some even calling it “Augusta-like.” This is slightly better than his first attempt at designing a course domestically in… Read more »

Luxury Daily Luxury Daily is the world’s leading trade publication covering luxury marketing and retail across all mediums and channels.The article summarized below was originally written by Jen King. It is important to recognize that high-net-worth individuals account for 25 percent of all global commercial property transactions. In 2015, Knight Frank found that the UHNW population… Read more »

The Asheville industrial market ended the fourth quarter 2015 with a vacancy rate of 5.8%. The vacancy rate was down over the previous quarter, with net absorption totaling a positive 111,576 sq ft in the fourth quarter. Vacant sublease space remained unchanged in the quarter ending at zero square feet. Rental rates ended at $4.01,… Read more »

Commercial Real Estate In The Asheville (MSA) 2015 was a good year for commercial real estate. As predicted, growth occurred in the hotel and multi-family sectors, and vacancy rates dropped for retail, office, and industrial properties. Sales soared from 2014’s 296 ($378.5M) to 350 transactions ($485.5M). Retail and multi-family properties led the way accounting for… Read more »

Brewery To Begin Pouring Soon Repurposing of former stockyards and auction house industrial sites is almost complete. New Belgium Brewing will be making beer in about six weeks at its West Asheville/River Arts District brewery. The Asheville Citizen-Times, Tony Kiss, reported that New Belgium will open its Liquid Center tasting room in February 2016, with tours… Read more »

U.S.’s Vacancy Decreases to 6.8% The Asheville Industrial market saw vacancies rise and rental rates decrease from the first quarter 2015 to the second quarter 2015. The overall vacancy rate currently sits at 6.4%, from 6.3% in the previous quarter. Rental rates ended the quarter at $3.97 per square foot, from $4.45 in the previous… Read more »

Nationally a shortage of inventory is slowing the sales space, but that’s not necessarily the case in Western North Carolina. NAI Beverly-Hanks Economic Update Bloomberg.com Though slowing in August, existing home sales are still healthy and trending higher. Existing home sales came in at a lower-than-expected 5.31 million annual rate in August which is the… Read more »

This post is from guest author and Beverly-Hanks associate Pete McHugh. UPDATE (2016): Pete is no longer affiliated with Beverly-Hanks. We wish him the very best in his pursuits.   Big news around the small town of Weaverville, NC: The mall is coming to town. Northridge Commons in Weaverville is set to open in May… Read more »

Residential real estate seems to be grabbing all the headlines lately. We figured it’s time to talk about some of the commercial real estate services we offer through NAI Beverly-Hanks, our commercial real estate division, and what you should look for in a commercial real estate broker. Track Record & Local Connections When looking for… Read more »