Housing and Real Estate Trends in the Triangle – Aligning Supply, Demand, and Affordability
Triangle District Council ULI leaders
Andy Holland – Suntrust
Triangle Chair and is a Senior Vice President and Market Manager for SunTrust’s Commercial Real Estate (CRE) for the Carolinas and Tennessee. Andy has been involved in real estate finance for 28 years Andy received his BBA in Trust Management from Campbell University and his MBA from UNC’s Kenan-Flagler School of Business.
Carman Liuzzo – Highwoods Properties
Carman is a member of the Company’s Investment Group. He joined Highwoods in 1994 as vice president, chief financial officer and treasurer and remained in that position until December 2003. He also serves as a member of the Real Estate Industry Advisory Board and the Pamplin College of Business Advisory Council for Virginia Tech.
Trends and Trends Panel
Andy Warren – PwC:
Andy currently serves as the PwC’s Director of Real Estate Research. As the Director of Real Estate Research, Andy is responsible for monitoring all aspects of commercial and residential real estate, including space market fundamentals, capital market trends, regulatory changes and operational developments.
Tom Murphy – ULI (Moderator)
Tom Murphy is a senior resident fellow at the Urban Land Institute since 2006. As the former mayor of Pittsburgh, his extensive experience in urban revitalization—what drives investment, what ensures long-lasting commitment—has been a key addition to the senior resident fellows’ areas of expertise. Murphy also serves on the Advisory Board of ULI’s Rose Center for Public Leadership in Land Use.
Audie Barefoot – Fonville Morisey Barefoot
Audie Barefoot’s true love has always been real estate, evidenced by the fact that he passed the real estate exam at age 17.
As a Raleigh area native and second-generation Realtor, Audie founded Realmark Corporation in 1983, which merged with Fonville Morisey New Homes in 1989 to become Fonville Morisey Barefoot.
Audie’s current and past professional achievements include the following:
- President of the Raleigh Regional Association of Realtors®
- Realtor® of the Year
David Ravin – Northwood Ravin
David Ravin is the Chief Executive Officer and President of Northwood Ravin. Prior to his current role, as president of Crosland’s residential division, David led Crosland’s efforts to develop Birkdale Village, and also was responsible for opening Crosland’s first regional office in Raleigh, North Carolina in 2000.
Thomas “Skip” Hill – Highwoods Properties
Vice President and Division Lead, Raleigh Division of Highwoods Properties. A 31-year commercial real estate veteran, Skip is responsible for overseeing operations in Highwoods’ Triangle division, including all leasing, property management, acquisition/disposition, and development activities for its 6 million square foot Triangle office portfolio, currently located in the municipalities of Raleigh, Cary, and Durham. Skip initially joined Highwoods in 2002 in its Greensboro/Winston Salem office and has served Highwoods in the Raleigh market since 2005. Skip has enjoyed serving on several boards in the Triangle, including both the Raleigh and Cary chambers of commerce; the Downtown Raleigh Alliance, the Greater Raleigh Convention and Visitors Bureau, the North Carolina Children’s Hospital, Marbles Kids Museum, NAIOP, and CCIM.
Skip earned a Bachelor of Science degree in Business Administration from the University of North Carolina at Chapel Hill in 1984 and recently celebrated his 32nd wedding anniversary with his wife Sondra. Skip and Sondra have five children and live in Raleigh.
Chris Widmayer – Regency Centers:
Chris Widmayer is the Vice President of Investments with Regency Centers. He oversees regional real estate development for the southeastern United States, working out of the Raleigh, NC office.
Chris has managed the development or redevelopment of more than 1,000,000 square feet of grocery-anchored retail projects anchored by Wegmans, Whole Foods Market, Publix, Harris Teeter, The Fresh Market, Lowes Foods and Trader Joe’s. Previously, Chris served four years as a press secretary to United States Senator Richard J. Durbin and for a year Deputy Press Secretary on the Durbin for U.S. Senate campaign.
TJ Barringer – Kane Realty Corp:
TJ is the Managing Director of Development, for Kane Realty. His development team focuses on creating multi-phased urban developments and have established wholly new urban districts in the Triangle region.
TJ has direct experience with over two billion dollars of completed or under-construction development projects. Notable projects include multiple developments in the North Hills District and downtown/warehouse districts.
Session One – TJ Introductions:
Bill King – Downtown Raleigh Alliance:
Bill oversees Downtown Raleigh Alliance’s economic development and urban planning initiatives, including retail recruitment, State of Downtown report, tracking data on economic development, real estate activity and market trends, and serving as liaison to the city on issues affecting downtown’s planning and business community, such as parks, bicycle planning, parking, litter, and business recruitment.
Recruits new retail and storefront businesses to downtown and is the author of the annual State of Downtown report, which includes quarterly economic development reports, and tracks business and development activity, market trends, projections, data, tax revenue, etc.
Kyle Vangel – HR&A:
As part of HR&A’s work, Kyle creates real estate and economic development strategies that address key public policy priorities and strengthen communities.
Kyle’s work advances master planning, transportation, and economic development initiatives. He is based in Raleigh and works with our clients throughout North America.
Aspen Romeyn – Triangle Council of Governments
Aspen joined Triangle J Council of Governments in July 2015 after working as a Community Planner for the North Carolina Department of Transportation. Aspen previously worked for Alamance County and the Town of Hillsborough and interned with the Center for Community Self-Help. She focuses on regional issues integrating affordable housing, transportation, land use, economic development, and equity. Aspenworks with partners around the region to create and implement housing affordability strategies in proximity to proposed transit corridors, including the Durham-Orange Light Rail Transit project and Wake Transit Bus Rapid Transit corridors. She also supports the CommunityViz Future Scenario analysis, including growth total assumptions, place type development factors for individual jurisdictions, and validation site analysis. And she serves a regional resource for data on population, employment, housing, equity, and other issue areas.
George “Mac” McCarthy – Lincoln Institute of Land Policy:
Dr. George “Mac” McCarthy is President and CEO of the Lincoln Institute of Land Policy in Cambridge, Massachusetts. The Lincoln Institute seeks to improve quality of life through the effective use, taxation, and stewardship of land. A nonprofit private operating foundation whose origins date to 1946, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges. Before joining the Lincoln Institute in 2014, Mac directed Metropolitan Opportunity at the Ford Foundation which sought to provide disadvantaged people better access to good jobs and other opportunities for advancement by supporting regional planning and coordinated transportation and housing development to alleviate poverty and reduce its concentration in metropolitan areas in the U.S. and developing countries in Asia, Africa, and Latin America.
Mac has worked as Professor of Economics at Bard College, Resident Scholar at the Jerome Levy Economics Institute, Visiting Scholar and Member of the High Table at King’s College of Cambridge University, Visiting Scholar at the University of Naples, Italy, and Research Associate at the Centre for Social Research in St. Petersburg, Russia.
Mac received a B.A. in Economics and Mathematics at the University of Montana; an M.A. in Economics at Duke University; and, a Ph.D. in Economics at the University of North Carolina at Chapel Hill.
Immediately following Mac’s presentation, Tom Murphy will join Mac on stage for a ‘fireside chat’.
Session Two Introductions – TJ?
Joe Whitehouse BIO – Moderator
Joe Whitehouse is President of Creative Urban Environments (CUE), a local real estate development service company known for its creative and human sensibility. CUE works as a Partner in the project or as a development consultant to a variety of product types, including commercial, hospitality, mixed-use, multi-family, retail, warehouse and resort development.
Joe is originally from the Washington, DC area and came to Raleigh and is a graduate of the School of Design at North Carolina State University. In addition, he is involved in a number of community organizations (Hillsborough Street Community Service Corp, Dix Master Plan Advisory Committee, ULI, Raleigh Vision Group, Capital Area Ride for Safety to name a few. He often can be found working with the development community and the City of Raleigh on a variety of development issues.
Alex Cathcart – FCP:
Based in the firm’s Raleigh, NC office, Alex Cathcart sources and executes FCP’s multifamily acquisitions and developments in the Southeast. Prior to joining FCP in 2012, Alex worked in the Real Estate Group of Wells Fargo Bank. Alex is an active member of the Urban Land Institute and graduated with a BSBA from the University of North Carolina’s Kenan-Flagler Business School.
Erica Leatham – MI Homes:
Erica Leatham, is the VP of Planning and Entitlements, Raleigh Division at M/I Homes, she recently relocated to the triangle from the Washington, D.C. area. While there she was named among 2012’s Top 100 Women in Maryland by The Daily Record (Baltimore), in recognition of “high-achieving Maryland women who are making an impact through their leadership, community service, and mentoring.”
Tim Morgan – Evergreen Construction:
Tim is Vice President, in charge of all three divisions (development, construction and management) of Evergreen Construction, and has been since 1994. Prior to that, he worked in the affordable housing industry. Tim is a native of North Carolina and attended East Carolina University
Session three introductions
Natalie Britt – DHIC:
Natalie has been at DHIC in 1996 She oversees DHIC’s real estate development and is involved in all aspects of the development process.
She has served on the Board of Triangle Commercial Real Estate Women, the Land Protection Committee of Triangle Land Conservancy, and is currently a member of ULI Triangle’s WLI Committee.
Loryn Clark – Town of Chapel Hill:
Loryn has been with the Town of Chapel Hill Since 1992 Loryn has a strong interest in community development and affordable housing work Her work has focused on affordable housing policy and initiatives, community planning, and community development programs.
Robin Currin – City of Raleigh:
Robin Currin has over 27 years of experience practicing municipal law in more than 70 municipalities and counties in North Carolina, including Raleigh and Wake County. She is recognized in the legal profession as a leader in land use and zoning law in North Carolina.
Prior to becoming City Attorney in Asheville, Robin lived in Raleigh for 35 years. She worked in private practice on cases involving the City of Raleigh and became acquainted with City government and ordinances and members of City, including the Raleigh City Attorney’s Office.
Pat Young – City of Durham
Patrick Young is the Planning Director for the Durham City-County Planning Department. Pat has more than 20 years of experience as a professional urban planner and has been with the Durham City-County Planning Department since 2008.
Prior to coming to Durham, he was the planning director for Franklin County, N.C. and worked as a senior planner and project manager for consulting firm in Wilmington, N.C.