Market News: 2015

DURHAM’S ONE OF THE ’10 BEST CITIES FOR MILLENNIAL ENTREPRENEURS’

Downtown Durham

Durham is the ninth best U.S. city for Millennial entrepreneurs, according to a new report by marketing and hiring website Thumbtack. The report is based on responses from 18,000 small business owners across the U.S. to Thumbtack’s Small Business Friendliness Survey. Questions covered such areas as friendliness of local tax laws, licensing rules, the regulatory environment and opportunities for training and networking. Here are the 10 best cities for “Generation Startup,” according to the report: 1…. READ MORE

REPORT: RALEIGH’S ONE OF 5 BEST CENTRAL BUSINESS DISTRICTS TO INVEST IN

Raleigh Aerial

Raleigh is one of the five best central business districts to invest in, says National Real Estate Investor magazine. Using data from CBRE, the magazine identified five office CBDs “that seem to offer good value for your money right now, based on rising expected returns on cost for value-add properties.” Each of the five markets – Baltimore; Indianapolis; San Antonio, Texas; St. Louis; and Raleigh – currently has an expected return averaging at least 8 percent. Expected return… READ MORE

HENDRICK SELLS PRICEY ‘GATEWAY’ SITE IN DOWNTOWN DURHAM, BUYER PLANS $400M MIXED USE PROJECT

Gateway Site Durham, NC

A new real estate player to the Triangle market is making a big new play in downtown Durham, and he made it official with deed records posted late Monday. Charlotte developer Charles “Lindsey” McAlpine, co-founder of the development firm CitiSculpt, confirms that his company has purchased for $5 million the former Hendrick Automotive-owned Durham Auto Mall site that’s two blocks from the Durham Bulls baseball stadium and a major gateway into downtown Durham from the Durham Freeway…. READ MORE

N.C. HAS THE TOP 2 BEST CITIES TO WORK FOR A SMALL BUSINESS

Raleigh, NC

Raleigh is the second-best metro in the U.S. to work for a small business – and Charlotte is No. 1. That’s according to a new report by financial website WalletHub, which analyzed the 100 most populous metros according 11 metrics, including the number of small businesses, small business job growth, industry variety, unemployment rate, average number of hours worked and earnings for small business employees. Winston-Salem ranks No. 55 and Greensboro-High Point ranks No. 62. The… READ MORE

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