NORTH CAROLINA - HISPANIC POPULATION GROWS
North Carolina - Hispanic Population Increased 7.8 Percent In 2007. More specifically an additional 46,266 called North Carolina Home during the year. The state’s total of 640,000 make Hispanics the state’s second largest minority group.
CARY - DETROIT PARTNERSHIP BUYS CROSSROADS PROPERTIES Four Buildings And 20 Acres Comprise The Package. The purchaser, MayfieldGentry Realty Advisors, paid $56.8 million in behalf of a retirement fund for Detroit fire and police employees. The buildings, Crossroads I-IV, have a total of nearly 400,000 square feet. This price is equal to about $145 per square foot. The buildings are 95 percent occupied. Another $2.2 million was paid for six tracts that are zoned for shops, hotels or offices.
The difficulty potential buyers of properties are having in lining up financing for purchases they would like to make is dramatically shown by the fact that only $27.6 million in offices were sold in the Triangle during the first quarter of 2008. During the first quarter last year $456 million were purchased.
John Fish (919) 696-3474 Email: Marvmax@mindspring.com Website: www.JohnFish.com
