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09/21/2018
Coworking Provides a Boat in the Storm, Along With a Sales Pitch, During Hurricanes
The Serendipity Labs in Atlanta offered free work space for evacuees of Hurricane Florence. In the aftermath of Hurricane Florence, coworking facilities, with their plug-and-play capabilities, emerged as a temporary destination for workers with flooded...

09/21/2018
Florence's Estimated Damage Toll Exceeds 2,600 Commercial Properties
CoStar aerial survey of Florence damage More than 2,600 buildings spanning almost 30 million square feet of commercial real estate across the Carolinas were under at least a foot of water after Hurricane Florence, according to the first major analysis...

09/20/2018
Tech Companies Account for One-Fifth of US Office Leasing Activity
LifeLock, a personal information security company, is one of several tech companies that has opened an office in the Phoenix area. The company leases about 95,000 square feet in the Hayden Ferry Lakeside mixed-use park in Tempe, Arizona. While all...

09/20/2018
LRC Properties Puts 101 North Tryon Up For Sale
LRC Properties LLC, a New York-based investment manager, has retained brokerage firm Holliday Fenoglio Fowler to shop its 20-story office tower, 101 North Tryon in Charlotte, North Carolina’s central business district, to potential buyers. Ryan Clutter...

09/20/2018
Hurricane Florence: How Will the Storm Affect Multifamily Fundamentals?
One year removed from the devastation created by Hurricane Harvey in the Houston area, the country is once again reeling from another major storm. Hurricane Florence, which made landfall Sept. 14 along the North and South Carolina border, appears to be...

09/19/2018
Record-High Cape Fear River Floods Fayetteville, North Carolina, After Hurricane Florence
The Cape Fear River crested at a record high in Fayetteville, North Carolina, causing flooding in the area. Credit: CoStar Group Inc. The Cape Fear River, the largest waterway in Fayetteville, North Carolina, crested at an historic high, causing major...

09/19/2018
Fayetteville, North Carolina, Evacuates Downtown Ahead of Potentially Catastrophic Flooding
A small plaza submerged under several feet of water marked the start of flooding Tuesday in the aftermath of Hurricane Florence. Photo credit: Paul Owers, CoStar Group On the edge of downtown Fayetteville, North Carolina, the flooding from Hurricane...

09/18/2018
Tennessee-Based Developer Starts Next Phase of SouthPoint Industrial Expansion in Mocksville
Development firm The Hollingsworth Cos. is set to start the next phase of its expansion at the SouthPoint Industrial Park in Mocksville, North Carolina. The Clinton, Tennessee-based company is planning to start construction on a 253,180-square-foot...

09/18/2018
Real Estate Investment Trusts Report Initial Hurricane Florence Damage
Goose Creek community in Newport, NC, is one of five Equity LifeStyle Properties along the North Carolina coast that sustained about $1 million in damage from Hurricane Florence. Image Credit: Equity LifeStyle Properties. Early initial reports from real...

09/18/2018
Fayetteville, North Carolina, Watches Rivers Rise Amid Curfew, Spotty Power, Boarded Up Businesses
Even 90 miles inland in North Carolina, businesses were closed in Fayetteville in the wake of Hurricane Florence. Photo credit: Paul Owers, CoStar Group In Fayetteville, North Carolina, 90 miles west of the worst of Hurricane Florence, sandbagged and...

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