NAI Carolantic holds 26th Annual Triangle Commercial Real Estate Conference

January 17, 2011

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RALEIGH, NC - A 40% increase in investment sales activity, the improving Triangle apartment market, and a mini-boom of new hotels in Wake County are three local real estate trends from 2010 that may foretell the beginnings of a slow economic recovery in 2011. That was the message to more than 1,900 business and community leaders who gathered at Raleigh's RBC Center Wednesday for the 26th Annual Triangle Commercial Real Estate Conference hosted by NAI Carolantic Realty. The conference is considered the authoritative 'state of the market' report on the Triangle's real estate sector and an accurate bellwether on the health of the region's overall economy.

Steve Stroud, Chairman of NAI Carolantic, told attendees that our local economy remains at the mercy of decisions made in Washington - decisions that, in his view, promote big government at the expense of private enterprise. Citing the impossibility of sustaining deficit spending, with the national debt now exceeding 90% of GDP, Stroud observed, "That not only threatens our stability now, but it will be a burden on our children and our children's children."

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