Congratulations to Mane Salon on its recent opening located at 1301 Hillsborough Street, Suite 102, in Raleigh.
Owner Doris Gonzalez and the team are excited to bring their lived in color, blonding, and extension specialties to the Hillsborough corridor.
York-brokers Gardenia Buendia and James Troxler were pleased to represent both the Landlord and Tenant in this transaction.
Stay up-to-date with Mane Salon’s latest news and updates on Instagram.
Commercial property management is the comprehensive oversight and operational management of non-residential properties, encompassing a diverse range of property types, including:
The core function of commercial property management is to optimize the value and performance of these assets for property owners. This multifaceted role involves a wide array of responsibilities, often demanding expertise in various areas like tenant management, legal compliance, financial administration, and property maintenance.
One of the primary objectives of commercial property management is ensuring the property adheres to all applicable local government laws and regulations. This includes compliance with building codes, safety standards, and other relevant legal frameworks. Failure to comply with these regulations can lead to penalties and legal issues for property owners.
Another crucial aspect is identifying and securing suitable tenants who can meet the financial obligations of the lease agreement. Commercial property managers often work with outside brokerage firms to marketing vacant spaces, screening potential tenants, and negotiating lease terms that are favorable to the property owner. (Here at York, we provide in-house leasing services…it’s that “everything you need under one roof” approach). This includes:
By carefully selecting and managing tenants, property managers aim to minimize vacancies and maintain a steady stream of rental income for the owner.
Beyond tenant-related tasks, commercial property management encompasses a wide range of property-related responsibilities, including:
Skilled commercial property managers work closely with property owners to understand their investment goals and tailor their management approach to align with those objectives. They act as fiduciaries for the property owner, working diligently to protect and enhance the value of the asset over the long term.
The sources emphasize the significance of experience, industry knowledge, and strong organizational skills in successful commercial property management. This field necessitates a thorough understanding of:
Effective communication and interpersonal skills are also vital for building positive relationships with tenants, contractors, and other stakeholders.
Today, the Regional Transportation Alliance (RTA) business coalition hosted an event at the Umstead Hotel & Spa in Cary to welcome Pedro Heilbron, CEO of Copa Airlines.
Copa Airlines will launch international service from Raleigh-Durham International Airport to Panama City in June of this year. The airline has the biggest international network among Latin America-based airlines. According to the Condé Nast Traveler 2023 Readers’ Choice Awards, Copa Airlines is noted as being the most punctual airline in the Americas and the only carrier from the Western Hemisphere to feature among the top 15 international airlines in the world. Copa Airlines services 85 destinations in 32 countries in North, Central, and South America and the Caribbean, linked via the Hub of the Americas® in Panama City, Panama.
Heilbron spoke to the growth and transformation of the airline and the growing Raleigh/Durham market. His hope for Copa’s new route through Raleigh-Durham is that it will “bring Latin America much closer to the Research Triangle area, strengthening business and cultural ties between our regions. We also hope this new route provides the opportunity for more American tourists to visit Panama and enjoy the wonders our country has to offer.”
Michael Landguth, CEO of the Raleigh-Durham Airport Authority, Ellis Hankins, Chair of the Raleigh-Durham Airport Authority Board, and other leaders from RTA were also in attendance. York is proud to be a sponsor of the RTA and continuing to connect with both the local business community and regional leaders.
We’re delighted to announce that Playa Bowls is joining the Chapel Hill community soon.
Using the freshest, highest-quality ingredients, Playa Bowls offers healthy, delicious açai, pitaya, coconut bowls, and smoothies with sustainability and community in mind.
With the help of York-broker James Troxler, the company signed a 10 year lease on 1,625 SF at 104 East Franklin Street. We expect them to open this summer and can’t wait to welcome them to the neighborhood!
Stay tuned for updates and visit their website to get a sneak peek of what’s to come!
Construction on the new Postino Wine Café in the Village District is in full swing! In the coming weeks, demolition will continue as crews work on the roof, foundation, and interior buildout of this unique industrial-chic wine café.
Though an opening date is still yet to be determined, foodies can look forward to indulging soon in Postino’s scrumptious bruschetta, paninis, charcuterie boards, and expansive wine list. This Arizona-based café will be a welcome addition for sipping, snacking, and socializing when its doors open later this year.
Stay tuned for more updates on the progress of the Village District’s latest hot spot!
This month we collected new and gently used clothing to support Note In The Pocket whose mission – to clothe impoverished children and families with dignity and love – truly resonates with our group!
What we know about clothing insecurity is that when kids feel “out of place” or that they don’t fit in because of their clothing, they often lack the confidence to draw any attention to themselves – whether that’s raising their hand in class or making a new friend.
Thank you Note in the Pocket for all the work you do to clothe Wake (and now Durham) County school children in confidence!
This month we’re taking a moment to highlight Bloomsbury Landscapes’ very own, James Richardson. Born in Asheville, NC, James currently resides in Greensboro, NC.
Five years ago, James transitioned from having his own roofing company to joining the Bloomsbury team where he now serves as the Field Manager and is focused on maintaining great relationships amongst team members and clients.
James says from the moment he learned about the company and met the team, he knew this was the place for him. “This is a family here,” he said. James lives by the motto “teamwork makes the dream work” and he encourages the team members to do quality work safely and efficiently.
When James is not in the Greater Triangle area for work, he enjoys spending time with his wife of 30 years, Rhonda, and his two children and four granddaughters. He tells them that they can do anything if they believe and work hard for it. James also hopes to cross “meeting LeBron James” off his bucket list some day. In the meantime, he looks forward to enjoying life to the fullest.
Thank you James for your hard work and dedication to the team and the company. Everyone could use a James on their team!
P.S. If you see him around this month, be sure to wish him a happy (early) birthday. His birthday is on March 18.
Exciting news for downtown Raleigh! The Brass Tap, a popular taproom and restaurant chain out of Florida, has just signed a lease to open its first North Carolina location at 400H.
The locally-owned franchise location will feature over 3,500 sq ft of space, including outdoor dining. Food and beverage options include an extensive craft beer selection, cocktails, wine, nachos, wings, burgers, and flatbreads. It’s a great addition to the new 20-story 400H tower and surrounding downtown neighborhood.
York is proud to represent the Landlord in retail leasing at 400H.
For opportunities reach out to John Koonce: [email protected] ● (919) 645-2765
We are pleased to welcome a new community to our Association Management division this month – North & Broadway Townhomes Owners Association. This Durham community is being built in phases and will contain 24 townhomes when completed.
Our management team is:
Manager: Virginia Davis
Assistant Manager: Julie Price
Accountant: Van Radford
Owens Hardware has signed a long-term lease to open a 9,600 square foot store at 2462 Wycliff Road in Lake Boone Shopping Center. Slated to open in the spring/summer of 2024, this will be the sixth location for Owens Hardware, a family-owned home improvement retailer whose relationship with Ace Hardware provides national chain buying power, access to hundreds of thousands of products, and premium merchandise brands like Craftsman, Scotts, Benjamin Moore, EGO, Weber, Stihl, Yeti and others. Residents and shoppers can look forward to access to top national brands and attentive customer service right in the heart of the west Raleigh community.
Owner-operator Paul Owens says he is excited and looking forward to growing the business. “When the opportunity came up to open a new store in our backyard, we jumped on it. We are confident that this expansion will not only benefit our business, but also give us more opportunities to give back to the community we grew up in. We want our customer’s shopping experience to be elevated and enjoyable. We plan to offer a large gift section, as well as the traditional items you expect to find in a hardware store.”
Commercial real estate broker John Koonce of York Properties represented the landlord in the transaction. York is a leading commercial real estate services firm based in Raleigh, NC. With over 1 million square feet under management, York is committed to delivering strategic solutions and white-glove service to building owners and tenants across the Triangle. John serves as Senior Vice President of Brokerage and has been instrumental in developing and revitalizing retail corridors across Wake County during his 25+ year commercial real estate career. York was pleased to work with Bell Commercial who provided tenant representation in the transaction.
