We are pleased to announce that broker Malcolm Lewis, CCIM, represented the seller in a recent $5,150,000 industrial investment property sale. The sale included four fully leased warehouses located at 6709 Westborough Drive, 6708 Westborough Drive, 8004 Winchester Drive and 8005 Winchester Drive in Raleigh, NC totaling 51,749 sq. ft.
Shiny new logo. Same great service.
40+ years ago we assembled a small landscaping crew to serve York-owned properties. As our services grew far beyond our own properties, the good work of our landscape crews was noticed. Today, as a result of their dedication to excellence and customer service, Bloomsbury is no longer the single-purpose division it used to be. Though it still services York-managed accounts, Bloomsbury now has crews operating all over the Triangle for a large, and expanding, number of clients.
For more info on Bloomsbury’s services, contact business development manager, Julie Paul (firstname.lastname@example.org).
What do these dates and Racecar have in common?
September 10, 2019 saw the beginning of Palindrome Week (plus a few days). For ten days up through 9.19.19 all the dates are the same when read both forwards and backwards. Well…at least if you use the typical format found in the US: [month]-[date]-[year]. The next time we’ll see this phenomenon is 12.1.21.
As a tribute to Palindrome Week attached are some of our favorite illustrated word palindromes from the September 2018 issue of PineStraw Magazine.
Brokerage Team Expands Services with Addition of Robert Hoyt
We’re excited to announce the addition of Robert Hoyt to our brokerage team. Hoyt is a 16-year veteran of the commercial real estate industry specializing in tenant rep and buyer representation services.
With over 650 transactions valued at $360 million dollars, he brings market knowledge, business contacts, and investment sales experience to the office. Robert is considered an historic and downtown property specialist amongst his peers and is a skilled advocate for his clients.
Select clients served include BAERING, American Underground, Charter Communications, Carolina Small Business Development Fund, The A.J Fletcher Foundation, and Spectrum.
Meet our fantastic Raleigh Union Station event coordinators
Karen Clymer and Heather Toler are our dynamic duo handling the event space at Raleigh Union Station. On their schedules today, a sampling of the very best that Rocky Top Catering has to offer.
Email Karen (email@example.com) to learn more about hosting your next event at one of the most unique event spaces in Raleigh!
This Retro Strip Mall is About to Be Raleigh’s Hottest Destination to Eat, Work & Play
HOA New Client Highlight
The Association Division began managing Bentley Ridge The Vineyard Owners Association, Inc. in January. “The Vineyard” community is a collection of 41 townhomes constructed around the “Stags Leap Circle” loop. The development was completed by First American Builders as part of the Bentley-Ridge development. We also manage their neighboring community – The Oaks at Bentley Ridge Condominium Association, Inc. We are very excited to work with this great association!
Lessons in Leadership
Lessons in Leadership: Smedes York’s Take on Ethics and Social Change
On November 29th York Properties Board Chairman Smedes York participated in a panel at City Club Raleigh entitled “Ethics & Social Change in the Spirit of Economic Development.” Moderated by Wendy Gates Corbett, President and Lead Presentation Consultant at Refresher Training, LLC, the other panel participants were Ashton Smith (Citrix) and Steven Pearson (IBM).
Key takeaways from Smedes’ comments included:
Strong partnerships are critical to maintaining a healthy region. We do not need or want to merge communities. Key examples of strong regional partnerships include Raleigh Durham Airport, United Way of the Greater Triangle, and the Regional Transportation Alliance, among others. Even though Raleigh is the largest city, our region only succeeds by respecting all our communities as equals.
Wake County schools
A first-rate Wake County school system is vital. The merger between the city and county school systems, effective in 1976, was essential. The city system was not “coterminous” with the city limits and we were moving toward an inner-city school district. Our legislative delegation at the time acted with deep courage and leadership to affect this change.
York Properties and Business
At York Properties we do not want to be a “parasite company.” We are imbedded in the community; our company and our employees support many community initiatives.
A key word is “civility” for our brand and culture. I gave the example of Senator Jesse Helms welcoming his “polar opposite” Senator John Edwards. When asked why, he replied, “I believe in civility.”
A successful employee must “learn to learn.” Technology changes but what does not change is the value of face-to-face communication. John Naisbitt’s book “Megatrends” stressed a concept of “high tech-high touch.” The more technology there is the more a personal touch (such as a phone call or a hand-written note) is noticed and appreciated. Attitude and the ability to work as part of a team are essential. An individual needs to be put in a position where he or she can excel. Albert Einstein put it particularly well:
Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.
A “purple state” in my mind is not a disadvantage but an advantage. A purple state means we are neither Republican dominated (red) or Democratic dominated (blue) so there is balanced discussion. One party domination tends to result in negative legislation like HB2.