Hem + Spire

07/22/2022

# # NEW POSITION ALERT # #

We are currently recruiting for a Senior Property Accountant to join our unique and growing Commercial Real Estate team. This individual will have a deep knowledge of bookkeeping, accounting, finance and real estate and own their role. They are meticulous and operate with integrity.

This is a hybrid role based out of our Durham location and offers a competitive salary, small-team dynamic, and a long term home with opportunity for growth. We are recruiting for full-time but will consider part-time with a pro-rated salary.

Learn more at https://lnkd.in/e3uG5Kda

05/16/2022

We're Hiring!

The Assistant Property Manager will assist our property management team in all aspects of our diverse real estate portfolio across the southeast. This position plays a vital role in maintaining positive relations between building tenants, vendors, owners, and Hem + Spire Management.

Learn more and if interested, apply:

https://www.linkedin.com/jobs/view/3068141820/?alternateChannel=search&refId=DEFrdWzAx3r4UfDfFIsQyQ%3D%3D&trackingId=XPisKvQTfMb6jUTSW6P3pQ%3D%3D

02/28/2022

🚨HIRING ALERT🚨

We're hiring a Director of Acquisitions.

The Director of Acquisitions is the primary responsible party for identifying, underwriting, and acquiring new projects for the firm. He or she will be an integral part of the leadership team and will work with the principals as well as the VP of Asset Management and Development for the performance of the assets, including financial analysis, modeling, valuations, underwriting, crafting investment theses, negotiations, and due diligence during the acquisition process. Hem + Spire utilizes a tech-enabled, full-service CRE platform.

Read more about the position, and our company at https://www.linkedin.com/jobs/view/2932258158/

06/14/2021

We're on the lookout for our next great team member.

Do you have 6+ years of commercial real estate and background in accounting, finance, or business? Do you know someone who does?

Apply now!

Hem + Spire is a growing commercial real estate investment, management and development firm that acquires and repurposes character-rich buildings in the Mid-Atlantic region to provide contemporary office space with an eye towards sustainability and urban renewal projects.


APPLY HERE:
https://www.linkedin.com/jobs/view/2592556787/?alternateChannel=search&refId=tkliBbk4cdt49cnf8iJdlQ%3D%3D&trackingId=83F7l5n7l2wEe3LV1lkkIw%3D%3D

05/06/2021

“These employers are not planning major work from home initiatives in our markets,” one local CEO said. “Rather, their major investments represent new workplaces that will bring employees together versus working from home.”

Read more from Triangle Business Journal.

Commercial real estate executives say Apple's plan for a 3,000-job campus in RTP is proof that the office workplace isn't going to be replaced by the WFH trend.

04/19/2021

"The project is situated on 9 acres near a major interchange along Interstate 40."

Read more from Triangle Business Journal.

The project is situated on around 9 acres at 901 Slater Road, just southwest of the Interstate 40 and interstate 540 interchange.

04/16/2021

"Shares of companies that own shopping centers, hotels and New York office buildings were decimated most of last year but mounted a first-quarter comeback, as investors bet that a vaccine rollout can revitalize these hard-hit businesses.

Real-estate investment trusts overall rose 9% during the three months, beating the S&P 500’s 6% gain, according to data-analytics firm Green Street. Fueling the REIT rally was an 18% rise in the shares of lodging owners and a 32% gain by mall owners."

Read more from the Street Journal.

The companies mounted a first-quarter comeback, as investors bet that a vaccine rollout can revitalize the hard-hit businesses.

04/15/2021

"Medical office buildings emptied out during the pandemic when many patients opted for video appointments and telemedicine rather than in-person visits. That didn’t stop investors from pouring money into these properties.

Investors say there are a number of reasons to favor medical offices even as property owners turn more bearish on conventional office buildings, which have been upended by the new popularity of remote work."

Read more from the Street Journal.

Medical office buildings emptied out during the pandemic after in-person visits fell 70% early on in the pandemic. That didn’t stop investors from pouring money into these properties.

04/14/2021

"The Hollingsworth Cos. has broken ground on a 650,250-square-foot speculative industrial building at Southpoint Business Park in Prince George County. The project marks the developer’s 12th and largest facility at the complex."

Read more from Commercial Property Executive.

At full build-out, the entire development will comprise 1.6 million square feet of manufacturing and distribution space.

04/13/2021

"The nearly century-old Edgeworth Building in Richmond, Va., has been sold for $29.5 million, or $210 per square foot. Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the seller. The buyer was a family office based in New York City.

The property was originally built as a to***co factory in 1925 but was redeveloped in 2007 into a creative-style office building with panoramic views of the James River. It was later awarded the Adaptive Reuse Project of the Year by the Greater Richmond Association of Commercial Real Estate."

Read more from Commercial Property Executive.

Originally a to***co factory and recently converted into creative office space, the property was acquired by an out-of-state investor.

04/12/2021

As Durham and the Research Triangle Park continue to boom thanks to its tech and business opportunities, it’s also drawing in interest from talent across the globe who are looking to establish roots in a location that’s both affordable and has everything they want in a community.

Read more from Business Journal.

Durham’s startups have helped it shift from a massive college town to a bustling city that’s filled with life and culture.

04/09/2021

"The pandemic has negatively affected all classes of commercial real estate (CRE), however, it has also generated innovative possibilities for the CRE market this year including affordable rental prices, efficient online communication and sending in forms and payments with just a click of a button.

Commercial real estate will gradually begin to recover from the pandemic's impact this year. This recovery may have its difficulties and setbacks, just like in 2020. However, this can also mean that opportunities are waiting for business owners and investors. Knowing the latest trends and predictions can help you make smart decisions in the CRE market this year. Here are a few emerging trends and predictions you should be aware of in 2021."

Read more from Forbes.

Knowing the latest trends and predictions can help you make smart decisions in the CRE market this year.