Commercial Real Estate up for lease

The recession has taken a tremendous toll on retailers large and small in recent months as consumer confidence continues to set record lows.

This has led to an avalanche of retailers, from large national chains to small mom-and-pop stores, either shuttering locations or going out of business.

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By some estimates, more than 4 million square feet of retail space was vacated nationwide in the fourth quarter alone, with the pace expected to increase during the first quarter of 2009 due to lower than expected holiday sales.

If the recession continues into the middle of 2009 or if consumer confidence continues to remain low, vacancy rates will likely continue to fall, creating good opportunities for those looking for space (See related story, page 11).

Recycling real estate
Much of the properties being vacated are in prime locations, such as along Hanes Mall Boulevard in Winston-Salem or off of Wendover Avenue in Greensboro, which will make it attractive for reuse when chains begin to look toward expansion again.

“Good real estate always recycles,” says Ray Collins, president of Collins Commercial Properties in Winston-Salem. “There are always new folks coming over the horizon

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For North Carolinians, Sports sure seems like it's one of the most important aspects of life in North Carolina. One thing is for sure, sports news and sports articles dominate the google alerts and twitter alerts I set up to monitor what life is like in NC.

Because of that I include this snippet:

Wolfpack Takes Down Wake In Overtime
The longer the game went on, the better Nikitta Gartrell became as she sent the game into overtime with a three-pointer and came back with another, this time the game winner, with 6.3 seconds left in the extra session for a miraculous 65-63 victory over Wake Forest Tuesday from Lawrence Joel Coliseum.
Gartrell led all scorers with a career-high 22 points. Shayla Fields added 15 points and Sharnise Beal tossed in 14. Tia Bell had six blocks after tying a school record with eight against Virginia on Feb. 15.
Three free throws by Wake Forest’s Brooke Thomas in the final 24 seconds of regulation gave Wake Forest at 54-51 lead, but she missed her last attempt from the charity stripe and that left the door slightly open for the Wolfpack. Gartrell promptly took advantage of the opportunity by banking in a three-pointer with 1.7 seconds left to send the game into an extra session.
Gartrell again struck at the same point on the floor in overtime, but instead of a bank shot, her three ball caromed off the rim twice before falling threw the net to give the Pack a 60-57 lead with 3:21 to go.
Alex Tchangoue then went to work for Wake Forest in overtime, canning a pair of three-pointers on consecutive possessions to take a 63-62 lead, but that just set up the final heroics for Gartrell.
After a miss by Thomas, Bonae Holston hauled in the carom, passed it along to Fields and she new who had the hot hand, finding Gartrell and she pulled up once again from beyond the arc and buried the game’s deciding shot.

source: http://www.gopack.com/ViewArticle.dbml?DB_OEM_ID=9200&ATCLID=3678498

More coming