Me checking out the new comments in this thread this morning with nothing of substance to add:
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This is not going well and I can’t imagine a response to this leads to interesting discourse. Let’s please move on or choose to elevate your contributions to something that can be described as “classy”. 
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“something that can be described as “classy”"
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As he should. It’s been 11 months vs 8 years…
that is not good for anyone. This could mean cancelled conventions and events. That is terrible sounds like a gas leak according to WRAL.
https://www.wral.com/news/local/flames-raleigh-convention-center-nov-2025/
This a Raleigh Biz Journal story, but I think it highlights something not talked outside of institutional CRE:
https://archive.ph/CnSJ1#selection-1135.9-1135.26
Bloc83 sold this month for a $120M loss from when City Office REIT purchased it from the developer in 2021. This reason I mentioned this is to give more transparency about the flow of funds because the purchaser is a JV with majority being North Carolina Investment Authority (which is the State’s pension fund). What’s also interesting is the seller City Office REIT has just been acquired by affiliates of Morning Calm Management which is connected to Elliott Investment Management, a hedge fund. If you look at City Office REIT’s stock price - it hit a high in 2022 of $15.89 before dropping to the low $4’s in 2025.
I also saw the new owner is focusing on filling the retail spaces, so we get a Chipotle. Talk about adding value!
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It oftentimes seems that the second owner is the entity that’s able to make new CRE financially work after the first owner takes a bath on the investment.
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I’m guessing that the WeWork bankruptcy poured a lot of cold water on the development’s value. I’d also be curious to see how the cost of their massive parking garage has affected those figures. At one point that was seen as a major contributing factor to Bloc83’s success attracting office tenants post-Covid.
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I have to imagine that massive parking deck is NEVER even close to being full… ugh
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Well if they filled up all the office space with workers…
Kinda funny that I don’t even know which massive parking deck you’re talking about since there are TWO for this one development!
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It has been reported that the Venerable monks will be in Raleigh around January 24th spreading Peace as they head to their final destination in Washington DC. Find out more about them here. https://www.wral.com/news/ap/26cad-buddhist-monks-and-their-dog-captivate-americans-while-walking-for-peace/
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Thanks for sharing. It’s both disheartening and unsurprising that a distracted driver hit the group and a monk lost his leg on their first American walk for Peace. I’m surprised and pleased that they haven’t had any political run-ins.
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Here’s their live map: Walk for Peace – Live Map – Dhammacetiya – The Ancient Sacred Buddhist Scripture Stupas
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Travel and Leisure ranked Raleigh #3 behind Atlanta and DC for best places for young adults to live 8 Best Places to Live in the U.S. for Young Adults, According to Real Estate Experts
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That’s our thing, great living. I wonder how we rank on the Traveling and on the Leisuring?
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We’re a pretty great place to travel away from too!
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Did anyone else hear it? Jimmy V and the 83 Wolfpack team got a shout out started by Terry Gannon on the Opening Ceremony broadcast tonight.
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