North Carolina Triangle a Favorite Alternative to Primary Markets
News & Observer reports: With activity in primary markets having reached a boiling point over the past year, many institutional-type investors are looking to expand their horizons beyond, to markets that, according to the Raleigh-based News & Observer, “have characteristics, or are home to certain institutions, that have helped them weather the recent economic storm better than others.”
One of those markets is the News & Observer's own; Raleigh, a part of North Carolina’s economically-charged “Research Triangle,” which saw second quarter retail sales rise by 186 percent year-over-year according to data aggregated by Real Capital Analytics.
The News & Observer detailed the recent sale of the large White Oak retail mega center to exemplify investor’s growing interest in cities such as Raleigh. For more on the that sale, which Inland American Real Estate Trust closed last week for $95 million, please see the full article on the News & Observer’s site.
View the full article on News & Observer: North Carolina Triangle a Favorite Alternative to Primary Markets
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Posted by: Nina Turner