All posts by Brooke

Retail Vacancy Rate at a Historic Low in Raleigh Market

According to a recent CoStar report, the Raleigh retail market is seeing high demand and limited supply as a result of population growth and strong consumer spending. Net absorption over the past year has been around 190,000 SF, while move-outs have been lower than average. However, only -490,000 SF of new retail space has been delivered in the same time period. This has led to historic lows in vacancies and availabilities at 2.2% and 3.1%, respectively.   The report states multiple tenant leasing agents have commented that the market’s absorption would be significantly higher if more space were available for tenants to move into. There is a particular lack of second-generation space, and first-generation space is challenging for tenants to move into due to expensive upfits and long construction schedules. Raleigh’s steady population growth supports the construction pipeline, which is currently the largest it has been in over a decade, with 1.9 million SF of retail space under construction.

Virginia Davis, Senior Association Manager

Meet Our People

Senior Association Manager Virginia Davis is a treasure to our Association Management division!

Born and raised in western North Carolina, Virginia moved to the Triangle area during her college years when she transferred from Appalachian State University to the University of North Carolina at Chapel Hill. She graduated from UNC in 1986 with a degree in journalism and worked in several different industries before entering the real estate world.

In 2004 Virginia began her career here at York, starting out in our Commercial Management division but later shifting to Association Management. Her problem-solving skills have come in handy over the years and she supports the entire team with her experience and understanding. Virginia says she enjoys the opportunity to teach others what she’s learned during her nearly 20-year tenure.

Over the years Virginia has managed to maintain a broad portfolio of properties (condominiums, townhomes, and neighborhood developments) while continuing to stay abreast of the latest laws and regulations. She joined the Community Association Institute in 2007 and served on the Legislative Action Committee from 2010 – 2022. In 2015 she received her Professional Community Association Manager (PCAM) designation, the highest association manager recognition nationwide.

Outside of the office, Virginia puts a priority on her family, regularly traveling to western North Carolina to look after her mother. She is also an animal lover and has two dogs and one cat at home. She tells us she would love to rescue more critters in the future.

We are extremely proud of all that Virginia has accomplished and look forward to her NEXT 20 years at York!

Three Cheers for Officer Banks

York Security’s Senior Officer Shawn Banks has been quietly supporting youth in the Raleigh area for years now, and he has no plans to slow down.  Officer Banks is the owner, head coach, marketing manager, procurer of funding, emergency transportation provider, team psychologist, and more, for a youth basketball program called Team Raleigh.

The program is a registered member of the AAU Basketball League (one of the largest, non-profit, volunteer, sports organizations in the US).  It provides a space for youth to play basketball in the off-season, continue to develop their skills, and even compete in high-profile tournaments.  You can hear the pride in Shawn’s voice when he talks about “his kids,” rattling off names of youth who have moved through his program and on to college teams.  He says that recruiting isn’t too difficult, as he uses word-of-mouth and seeks referrals from existing players to fill spaces when the older kids move on.  He holds try-outs just like any other sports program would, and when their season is in swing he schedules practices twice a week to help them get ready for tournaments.  Last year, his teams played in 17 tournaments!


In addition to devoting a great deal of his time to this program, Officer Banks invests a lot of his own money as well.  Just like other AAU teams there is a fee to join. Shawn makes it clear, however, that he doesn’t want cost to prevent an interested youth from participating. Instead of requiring a lump-sum payment up front he actively works with families on monthly payment schedules. And he tells us that he purposefully ensures that his team’s fees are lower than most other AAU teams.  So far he has been able to supplement player’s fees with private donations, most of which come from family members of the team.  Recently however he has begun working on creating sponsorship opportunities for companies in an effort to help cover costs for things like practice facilities, jerseys, and traveling to tournaments.

We are incredibly proud of Officer Banks and his involvement in our community!

An Unexpected Moment in Giving Back

Marketing Manger, Brooke Hanford, recently attended Learning Together’s annual fundraiser  – the Rock, Paper, Scissors Showdown. Her family came in 3rd in the contest – not too shabby – but below is her real take-away from the evening.


“There are times when I find myself groaning inside about something I committed to attend over the upcoming weekend. Call it selfish, tired from the week, or just plain lazy…occasionally it happens.

On any given Tuesday morning when I’m in “work mode” – fully caffeinated and ready to tackle the day’s challenges – a charitable event on Saturday evening is right up my alley. (YES – let’s do this thing!!!) But on Saturday morning while cleaning up from a family breakfast and thinking ahead about many loads of laundry, and/or floors that need to be mopped, and/or kitty litter that needs to be changed, and/or a dozen other things I could rattle off, that SAME charity event doesn’t sound quite as appealing. (UGH – what was I thinking?)

Mind you, my groaning is never actually audible. I have 2 tween-aged kids with eagle-hearing whom I regularly instruct NOT to “moan and groan” when I ask them to do something they don’t want to do. If you’re a parent to kids you know what I’m talking about. If you’re a parent to a cat, try calling them to cuddle in your lap when you’ve had a hard day. That empty, unfeeling gaze they cast your way before looking elsewhere and then walking away is basically the same thing you’d get from a tween who you’ve just offended by instructing them to make their bed and put some laundry away. I digress…

But here’s something interesting I’ve noticed…I don’t ever recall a time when I committed to a charitable event and came back from it with the same sulkiness. Instead I feel energized, hopeful…powerful in a way. And that little bit of good that I did while I was there – whether it was volunteering or making a donation – is amplified by all the other people who made the same choice and showed up. One person can do a little, but a group of people with a common cause can do SO much good!

This past weekend I was hit with just such an event. We had a busy Saturday ahead…several scheduled events fell on the same day. And even though my family was planning to attend this event together, and I had really been looking forward to it earlier in the week, I’d be lying if I said I was excited when 4:00 PM Saturday rolled around and it was time to head out.

Thirty minutes later we arrived at Big Boss Brewing Company. We were there to support an all-inclusive school called Learning Together through their annual Rock-Paper-Scissors Tournament fundraiser. The event was both engaging and fun. We participated in silent auction bidding and purchased a ticket for the raffle item. We planned our family strategy for the bracket-style Rock, Paper, Scissors tournament. (Turns out the entire strategy was to buy our way back in through a donation to Learning Together if we lost in the first round of competition.) And we enjoyed a delicious BBQ dinner. Despite all the fun my oldest kid must have asked me 3 times in the first hour when we would be able to go home. I sighed (on the inside, mind you) but smiled and reminded her we were there for a good cause and I didn’t know when we would go home.

And then after a while, as fundraisers tend to do, it turned serious. The auctioneer got our attention and a husband & wife came up to the microphone and began to speak about their experience with Learning Together. They spoke from the heart about their two sons, and as I felt the weight of their words it occurred to me to look at my kids. Instead of the sullen tweens anxious to leave, I saw two engaged and attentive children staring at the stage enraptured with what these people were saying. I’m sure they had never before heard adults speak like this – bearing their hearts to strangers, telling us their fears and challenges in a very real and unfiltered way. My youngest – a sensitive kid, like her Mom – had misty eyes when she looked back at me. After those few minutes of sharing were over my kids clapped and smiled. And not just the polite “I will clap because that’s what people are doing” clap. This was something they felt inside that had to make it out into the world. I will be forever grateful for that moment, when the community that I thought I had come to give back to, gave so much more to me.

For the record I was not asked again by either of the children when we would get to go home. Instead, when we offered to sneak out about 20 minutes before the end of the event because it was getting so late they both asked if we could stay. And we did.

NOTE: I would be remiss to overlook the generosity of my employer in this. My family and I were able to attend Learning Together’s Rock-Paper-Scissor’s tournament as part of a corporate sponsorship from York Properties. The York family has a long history of civic engagement and community support and I am honored to be a part of the company.”

Raleigh Union Station wins NACE Award

On Tuesday, March 8th, Raleigh Union Station was presented with a NACE Triangle of Excellence award for “Best Team Event” for our Palm Springs Event Planners Brunch.

The event was produced by our event staff and the City of Raleigh.  We are very excited to work with so many industry pros including:

Fresh Affairs  ·  C&D Collective  ·  Aneesa Glines  ·   CE Rental Raleigh  ·  Alyssa Ruth  ·  Arie Corin Events  ·  Kelli Ranck Harrison  ·  McCormick Creations & Co.

The awards gala was held at Raleigh Union Station and our RUS Events Manager, Karen Clymer, was there to accept the award.

360 Photo Booth Video with RUS Events Manager, Karen Clymer

Core Sound Imagining to Release Updated Flagship Product

Core Sound Imaging is a health-tech company, owned and operated by husband-and-wife team, Mark, and Laurie Smith, that takes its name from Core Sound sitting between the mainland and the Outer Banks of North Carolina.

Core Sound Imaging has been in business since 2007 and we’ve been helping physicians and sonographers deliver better patient care around the globe, with clients in 49 US states and territories and 7 countries.  This February, we will be releasing an update version of our flagship product Studycast, which provides superior support and functionality for managing clinical imaging workflows.  Despite the pandemic, our company workforce is expanding and has added 6 new full-time positions in the last 6 months and hopes to fill additional 3 vacancies in the next 3 months.   Clinical Imaging is a rapidly evolving market space, and we have high hopes for Studycast to capitalize on growing diagnostic imaging segments like Point of Care Ultrasound (POCUS)  and Office Based Labs (OBL) / Ambulatory Surgical Centers (ASC) scanning.



York Properties is pleased to provided property management and leasing services at 5510 Six Forks Road where Core Sound Imagining is located.

Supporting Good Deeds and Positive Outcomes

The York family has a long history of civil service and community support, and we are delighted to announce two new philanthropy programs within the company which are another extension of that generosity.

  1. Gift Matching Program – Matched employee-donations to NC nonprofits
  2. Employee Grant Program – Grants made to NC nonprofits in honor of the requesting employee

These programs are designed to support the charitable work of our employees and uplift the community at the same time.  We’re excited to take part in “doing good” across NC as a team!


York Divisions Come Together for the Holidays

Holiday brunch with all of our employees is something we look forward to each year! It’s a time when all divisions come together under one roof to celebrate.  Since we weren’t able to host the event last year, this one was extra special. George York presented service recognition awards for both 2020 and 2021.

****2020 Awards****

25 YEARS of Service – Lyle Wilkinson
15 YEARS of Service – Robert Howell, Jose Romero
10 YEARS of Service – Amy Rogers
5 YEARS of Service – Ryan Beacham, June Wright, Pablo Peralta, Randy Sichterman, Carlos Ruiz Del Cid, Jose Sanchez and Eladji Lambongo

****2021 Awards****

40 YEARS of Service – Willie Hunt
35 YEARS of Service – Mike McCormick
30 YEARS of Service – Kenneth I’ve
25 YEARS of Service – Kathy Decker
20 YEARS of Service – Shelton Griffin
15 YEARS of Service – Pablo Turcios
10 YEARS of Service – Jose Alvarez Estrada
5 YEARS of Service – Haley Day, Shawn Banks, Alita Copney, William Williams, Gardenia Buendia, Joshua Lee, Preston Parker and Fred Rodriguez

Thanks to all of our employees for your hard work, dedication and loyalty!

Meet Our People

Gardenia joined York in 2016 as an assistant to the Marketing Department. She is now Senior Marketing Specialist and a licensed North Carolina Real Estate Broker. She works closely with our Retail team, representing Landlords and Tenants in the Triangle market.
Gardenia is a skilled communicator, fluent in both Spanish and English. She has a degree in marketing from North Carolina State University and is a notary public.
When asked what she enjoys about her job she says:


“My favorite aspect of working at York Properties is that I am surrounded by honest, supportive, highly driven, and successful people who genuinely care about those they work with and the community in which they live.”

Tenants make Walter Magazine list!

We were delighted to see so many of our wonderful tenants (below) included in Walter Magazine’s recent article “30+ Notable Strip Mall Eats in Raleigh.”

Full article here:

Just Jamaican Grille at
5500 Atlantic Springs Rd.

Chubby’s Tacos at
Lake Boone Shopping Center

Cloos’ Coney Island at
Mission Valley Shopping Center
(Featured in our pics)

El Dorado at
Stony Brook Shopping Center

Nafkot Ethiopian Restaurant at
Mission Valley Shopping Center
(Featured in our pics)

Ruckus Pizza at
Mission Valley Shopping Center

Soo Café at
Stony Brook Shopping Center

Sushi Thai at
Lake Boone Shopping Center

Taste at
High Park Shopping Center