Sunday, May 1, 2016

Lincoln Harris brokers five leases at The Arboretum at Weston in Raleigh, NC

Kaler Walker
RALEIGH, NC — Lincoln Harris’ Raleigh office recently brokered five leases totaling nearly 14,000 square feet at the Arboretum at Weston, a mixed-use development at the intersection of Harrison Avenue and Weston Parkway featuring 80,000 square feet of retail space.

Kaler Walker and John Mikels of Lincoln Harris represented the landlord, The Aboretum at Weston Holdings LLC, on the following transactions:

·      M/I Homes signed a short-term lease for 4,739 square feet. The homebuilding company is leasing the space for a sales center to support two nearby residential developments, Creeks at Weston and Harrison Bluffs.

·      Moe’s Southwest Grill renewed its lease for 3,812 square feet. The popular fast-casual restaurant, which serves made-to-order Southwest fare, has been a tenant at The Arboretum for five years.

·      GolfTEC renewed its lease for 2,420 square feet at The Arboretum and is planning significant renovations at its golf instruction facility, which features indoor hitting areas and golf simulation technology. The world leader in golf lessons, GolfTEC operates nearly 200 centers worldwide and has a 96 percent success rate among its students.

John Mikels
·      Le Coiffure Hair Studio signed a lease for 1,571 square feet. Michael Deaton of Deaton Investment Real Estate represented the tenant.

·      Dream Home Design, a kitchen and bathroom remodeling company that serves the Triangle area, has signed a lease for 1,272 square feet for a sales center and showroom.

With the recent signings, the retail space at The Arboretum is almost fully leased. The center has two spaces totaling approximately 3,800 square feet available.

“With its visibility and proximity to major employers, the Arboretum at Weston continues to be one of Cary’s most vibrant retail destinations, and we’re excited about what these new and existing tenants bring to the mix,” said Mikels.

 For a complete copy of the company’s news release, please contact:

Savannah Durban
The Wilbert Group

Mortgage Bankers Association Releases First Commercial/Multifamily Originations Data of 2016

Jamie Woodwell
WASHINGTON, DC - First quarter 2016 commercial and multifamily mortgage loan originations overall were essentially flat compared to the same period last year and first quarter originations were thirty-eight percent lower than the fourth quarter of 2015 in line with the seasonality of market, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations

“In the aggregate, commercial real estate borrowing and lending started 2016 in a similarly strong fashion to 2015,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.

 “Borrowing backed by retail, office, hotel and multifamily properties picked up, as did lending by banks. Disruptions in the broader capital markets pushed originations for commercial mortgage-backed securities (CMBS) down.

“ Across property types and investor types, changes in regulation and broader market conditions could have an impact on originations during the remainder of the year.”
For a complete copy of the company’s news release, please contact:

Ali Ahmad

(202) 557-2727 

RealtyTrac Reports Cash Homebuyers in First Quarter 2016 Bought at an Average Discount of 23 Percent Nationwide, but Paid a Premium in 9 Percent of Local Markets

Daren Blomquist
IRVINE, CA — RealtyTrac® (, the nation’s leading source for comprehensive housing data, released its Q1 2016 U.S. Cash & Institutional Investor Housing Market Report, which shows that all-cash buyers of single family homes and condos nationwide paid 23 percent less per square foot than all homebuyers, but that cash buyers in 9 percent of local housing markets paid a premium price per square foot.

Nationwide all-cash buyers purchased single family homes and condos for a median $91 a square foot in the first quarter of 2016, a discount of 23 percent below the median $118 per square foot for all home purchases.

“While large institutional investors and other cash buyers continue to shrink as a share of U.S. home sales, these buyers still typically beat out traditional buyers using financing — in some cases even when they submit a lower offer for a home,” said Daren Blomquist, senior vice president at RealtyTrac.

“Additionally cash buyers are often willing to take on properties in poor condition that may not readily qualify for standard financing, another reason why cash purchases normally sell at a lower price per square foot.

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann      
949.502.8300, ext. 139                                                          

RealtyTrac and RE/MAX Sign Deal to Offer Property Reports to 60,000 RE/MAX Agents Nationwide

Michael Sawtell
IRVINE, CA — RealtyTrac® (, the nation’s leading source for comprehensive housing data, and RE/MAX (, one of the world’s leading franchisors of real estate brokerage services, announced the signing of an agreement to offer discounted bulk access to property pre-diligence reports to 3,500 RE/MAX offices and nearly 60,000 agents across the U.S.

"We are very pleased to be working with RE/MAX, and we believe that Home Disclosure reports will provide their brokers, agents and ultimately clients with the most comprehensive property report available today,” said Michael Sawtell executive vice president and general manager of RealtyTrac.

“Home Disclosure reports offer critical, transformational data, highlighting the necessary details of 117 million homes and their respective neighborhoods across the nation. The industry is moving towards transparency, and RE/MAX appears to be at the forefront of that movement."

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann      
Shaun White
949.502.8300, ext. 139