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Durham’s central Main Street is getting a $25M apartment complex soon, thanks to the Charlotte real estate development company Crescent Communities. The complex will be called Crescent Main Street and will begin construction this June. The four story project will be located in between West Main Street, 15th Street, and Rutherford Street and will be erected by Raleigh construction firm Clancy & Theys.

The Durham movers have found this project will be the second Crescent Community project that will be located in Durham, with the first located at 749 Ninth Street and consisting of 303 units. The Ninth Street complex, called Crescent Ninth Street, is expected to open this spring.

A project that began and then received the red light is finally resuming progress in Raleigh, according to reports. The Charter Square Tower located in downtown Raleigh is allegedly breaking ground this fall after a four year delay. Dominion Realty Partners will build the 11 story, $54 million development which will consist of 2 towers in place of the current Charter Square site next to the One Bank of America Building.

The Roxboro movers have found that the first tower is going to be constructed with joint funding efforts from a silent equity partner and Dominion, and at this point most of the space has not been rented out to future tenants.

The Triangle area is experiencing a bit of difficulty in the real estate department, according to recent reports from the Triangle Multiple Listing Service. March saw 2,200 sales close, which is a 25 percent increase from March 2012. The local real estate insiders are excited as this is the most excitement that he local housing market has experienced in years. The Raleigh movers have found there is a potential problem in the future in terms of keeping up with availability for interested buyers with less than enough inventory.

While there are new projects underway, major developers haven’t come to the area to create mass amounts of housing since 2008. However, building permits in March 2013 were up 70 percent from March 2012. Commercial lending has been stifling the addition of new large-scale projects, something that the Homebuilders Association hopes will change in the near future.

The U.K. based company known as Aap3 will be opening a new network operating center in downtown Raleigh, with initial employees set to start at the location on April 9th. Aap3 works on global clients such as IBM, Cisco Systems, Coca Cola, and more. The projected growth of the Raleigh office is to reach 30 employees. The Durham movers are thrilled at the U.K. company putting down roots in the Raleigh area as opposed to other globally attractive East Coast cities like New York, Miami, or Atlanta. In fact, Atlanta and Boston were both considered heavily before eventually deciding on Raleigh.

There is another stateside Aap3 office in San Jose, California, and the Raleigh office will seek to fill the Eastern time zone clientele so that someone will always be available directly from the company to interact with clients and potential clients.

A local real estate development group, MJM Group, has officially broken ground on a mixed use retail center and hotel located in Durham. This project has been on hold for about five years, so to finally begin construction and bring the plans to life has been an exciting time for MJM and also for the Durham area, as local workers and those seeking employment will have new opportunities present themselves within the complex.

The development will mark the third project in the region by MJM in recent years, following on the heels of developments like the Courtyard by Marriott in Raleigh’s Triangle Town Center mall and an additional $17 million hotel/retail project in Charlotte. The Durham movers have learned that the construction has officially begun on the project, but there is not a definite target date for completion at this point.

Homeowners looking to sell property in the Research Triangle area are able to utilize a time in the region where sellers have the advantage in the local real estate market. The average time that a local home spends on the market has reduced from Spring 2011 by 11 percent, bringing the current time spent to 109 days. This urgency is great for the sellers, but can be exhausting and frustrating for buyers. Inventory has decreased substantially from February 2012 to present day, from 6,700 available homes to 5,500 at the end of February.

The Roxboro movers have found that the Raleigh Regional Association of Realtors feel the surge of buying is a result of demand that has built for several years. Locals and nearby residents know that if they have intent to move throughout this year, now is the time to start bidding in property and searching for a home before supply dwindles away.

Additionally, the need for new homes will drive up the likelihood of new construction in the area–a great sign for builders and other industrious professions to increase work loads and add jobs–even if they are only on a project basis.

Greensboro based real estate investment firm known as Hawthorne Residential Partners of Greensboro has recently purchased an apartment complex in Raleigh called Dunhill Trace. Dunhill Trace is located off of Glenwood Avenue, near Pinecrest Road, and sold for $23.1 million. The Durham movers have learned the property includes 250 apartments and the purchase was made with combined investments of about 32 contributing investors.

The complex was sold by a subsidiary of Prudential Real Estate Investors, who owned the apartment complex since it was constructed in 1995. The Hawthorne investment group is not new on the scene here in Raleigh–they currently own and operate seven other apartment complexes within the Triangle.

No word yet on possible renovations or upgrades that the complex will undergo, though its likely they will give the building a facelift as it is approaching 20 years of operation shortly.

According to a recent report from the Raleigh Regional Association of Realtors, home sales in the Triangle have grown extensively over 2012 data. January of this year got things off to an exciting start, with sales recorded at a 31 percent higher rate than January 2012. For the same time frames, pending sales were also up this January by 25 percent. It is noteworthy that January is typically a slow month for the industry, so to see such strong numbers at the beginning of the year gives a lot of excitement to area professionals seeking to restore the Raleigh real estate market.

The Wake Forest movers have found that sales aren’t the only thing rising in volumes–so are the building permits filed for local development. Wake County building permits were up 39 percent from January 2013 over January 2012. Stay tuned to the blog of your friendly Raleigh movers for updates on real estate trends in our area as we continue through 2013.

The North side of Raleigh is set to gain a new Chicken ‘N BBQ chain with the addition of a Smithfield’s location in 2013, as well as other locations added in Greensboro and Shallotte. The Greensboro movers have found that the barbecue chain has omitted details thus far of where within these cities the locations will be. Smithfield’s is based in Johnson County and has a distinct menu of Southern treats like North Carolina pork barbecue, fried chicken and Brunswick stew.

There is construction work beginning here in Greensboro however, at a location on South Elm Street near I-85. There is also no announced date of when the locations plan to be finished and subsequently opened. The Smithfield’s brand dates back to 1964 and currently has 33 locations in operation in the state of North Carolina, in areas such as Wake Forest, Morrisville, Garner, Clayton, and many more.

About 100 employees at the Roxboro plant for Aleris International, Inc. will be faced with layoffs and a subsequent closing at the end of May 2013. The 98 employees fated to lose their jobs are the only employees left at this location. Aleris specializes in aluminum sheet metal manufacturing, and the company filed a Worker Adjustment and Retaining Notification with the North Carolina Department of Commerce to inform the state of the layoffs that will begin April 21. The Raleigh movers have found that this location once flourished with 350+ employees and has fallen upon hard times, as many businesses have, with the recession. The Roxboro plant was the last location to close in North Carolina, with the previous sister plant located in Raleigh until about 2008 and a second Roxboro plant which held 80 employees. There are still branches in Ashville, Ohio and Lewisport, Kentucky.

The Roxboro plant supplied coal coating metals, recycled aluminum and metal sheets for use by Boeing Airplanes and by General Motors Company.