We're back.

Okay, so it’s been about a month since we last posted. But hey, the old stuff has good information for review.

Anyway, you’ve heard us mention on the radio, on the phone if you call and in this blog, that job growth is good for multi-family investment property. Well, nothing has changed since the last time we said it, except that more jobs have been created.

Network Appliance, a big fish in storage out in RTP, just purchased 72 acres for facilities that will eventually provide more than 600 jobs. Additionally, an article that came out today discusses the rising office rents in the Triangle, a very good sign that more companies are re-locating here and that local tenants are expanding.

We’re feeling the impact. But not as much as we hoped. In fact, the market is a bit odd right now. It’s certainly a good time to be a landlord but local buyers seem to be taking longer to realize it. As a result, the out of state buyers, mainly consisting of the CA, NY and FL contingent, are making their move. A majority of our phone calls are from investors looking to park money from dispositions in these states in Triangle rental property. The number of national “best places to live/do business/exercise/eat barbeque/walk on a sidewalk, etc.” lists seem to be some of the best drivers of this trend, as well as Web sites that market our properties to a larger, more national audience.

Speaking of which…

Deaton was interviewed last week by NuWire Investor, a new financial advice and resources Web site and online magazine. It’s a cool site. They pulled away from the traditional stock tickers, updates and numbers-based site and push news and information about real estate, wineries, emerging markets and globalization, for example. Anyway, we were interviewed for a piece that will probably run in October about the strength of the Triangle real estate investment market. The interview may also be available for download.