My company is now a college graduate: 2018 Year in Review

Who else out there has the post-Christmas lethargy?  For me, I love the last week of the year.  The office is quiet, and it allows me time to focus on preparing for the year ahead.  Part of that for me is looking at what I accomplished in the past year.  My firm, Appalachian Commercial Real Estate is a sole-proprietor firm located in Boone, NC.  Whether you see Boone, NC as a college town or a small tertiary market, people still need professional commercial real estate services. I am proud to say that I was involved in a number of commercial real estate transactions which are summarized below:

January 2018

Started the year off with a bang!  With the excitement of what had occurred the previous year in Downtown Boone, NC I represented the sellers of the Greene & Wilcox Building located on West King Street.  The building had a mix of commercial and residential tenants, and the new owner is bringing new life into this historic building of Downtown Boone.

June 2018

In June, I worked with the owner of a commercial car wash to add an adjacent property to his portfolio.  The east side of Boone, NC continues to grow and with the Town of Boone possibly starting their government center on the old Bolick farm in 2019 and Booneshine Brewing Company moving their operations to the Industrial Park, the east side has some significant upside.  The struggle over the years is convincing retailers to come to a side of town with traffic counts less than Blowing Rock Road.  The same conversation is had time and time again, if you can show me a place to develop what you want on Blowing Rock Road, then, by all means, go ahead.  Not only is there a limited supply on Blowing Rock Road but the price of land as compared to the 421 corridor is significantly higher.

September 2018

In September, I had the privilege of representing North by Northwest Consulting, a real estate appraisal firm on the acquisition of their new office in Downtown Hickory.  It is great to see a company grow to a point where space becomes an issue.  Their new office gives them the benefits of owning real estate versus leasing, which is always an important consideration.  

October 2018

In October, Downtown Boone continued to be a hotbed of activity, and I finally closed on 268 Howard Street (I represented the seller), which will be the new home of Howard Station.  Howard Station will be a barbeque restaurant and bar to complement the number of great restaurants in Downtown Boone.  Look for an opening in the first quarter of 2019.

Along with Howard Station, I represented Peak Group.Insure, who purchased the former First National Bank building at New Market Center.  Peak Group.Insure is also a growing business providing a variety of personal and commercial insurance products in the high country area.  A highlight of this transaction was that I got an opportunity to work with a fellow CCIM, Steve Rich, CCIM, of Colliers International – Charlotte.

November 2018

In November, I represented New River Family Wellness on their lease in West Jefferson, NC.  Look for an opening in the third quarter of 2019.  Rural primary care is a desperate need here in the high country.  I enjoyed working with Landon and Caitlin and can’t wait to see them open the doors.

Outside of Transactions

That’s the transactional part of it, of course, we talked to many other people, discerning what they needed or wanted.  Worked on projects that I can’t mention publicly.  I did some appraisal work, but not enough.  I have spent the last few weeks trying to fill the pipeline for the upcoming year.  Outside of transactions, I went to both of the CCIM National Conferences (Tampa, FL, and Chicago, IL).  I met Duke Long face to face for the first time.  I continued to serve on the NC-CCIM Board of Directors and was elected to serve as the 2019 Secretary.  I took the Certified General Appraiser Exam, twice and failed twice.  Just goes to show that sometimes you fail, you have to pick yourself up, dust off your shoulders and try again. I had the ability to travel with my family to England and France. I drove a Range Rover Autobiography on the opposite side of the car and the road (bonus for not wrecking said car). 

A very special thanks to…

Most importantly, I had the love and support of my wife, Catharine and my two boys.  I am just trying to do my best to make them proud.  I am just trying to show two young boys what it means to grind and to work hard.  I am trying to teach my peers what it means to get out of the phase of paying your dues.  Year Four is in the books; my company is now a college graduate.  Now it’s time to dominate.  Happy New Year to each of you, your support and encouragement mean more than you know.