Boston, MA — (November 17, 2015) — SVN International Public Benefit Corporation (SVN®), the leading full-service commercial real estate franchisor and the industry’s only Employee-Owned Public Benefit Corporation, proudly announces the addition of SVN | Raleigh, located in Raleigh, North Carolina.
SVN | Raleigh is a premier boutique commercial real estate firm founded in 2011. Recognized as one of Raleigh’s best for four consecutive years, the firm has built a strong reputation for delivering strategically crafted solutions across the office, industrial, retail, investment sales, multi-family, land, and development sectors. With a team of trusted Advisors representing buyers, tenants, landlords, sellers, and developers throughout the Triangle Region, SVN | Raleigh is well-positioned to continue its growth under the SVN brand.
The office is led by Managing Director John Powell, who brings deep market expertise and a long-standing commitment to client success.
“From day one, we realized that our culture and core values align extremely well with SVN,” said Powell. “We’ve built a successful boutique brand in one of the hottest markets in the country, surrounded by major national firms. Partnering with SVN gives us the momentum to accelerate our growth and maximize our potential.”
Powell added, “The SVN platform allows us to collaborate with seasoned Advisors across North America, build trusted relationships, and ensure our clients are represented with precision and integrity. We’re also excited to help strengthen the SVN brand as a powerhouse in North America and around the world.”
Looking ahead, SVN | Raleigh aims to expand its reach beyond the Triangle Region and across state lines by aligning with experienced commercial real estate professionals nationwide. The firm’s focus will be on equipping its Advisors with additional tools and a national platform to grow their personal brands and serve clients at the highest level.
SVN CEO Lukas Krause welcomed the firm to the network, noting, “John and his team embody the entrepreneurial drive and collaborative spirit that define SVN. Their proven success in the Raleigh market, combined with a shared commitment to our values, makes SVN | Raleigh an outstanding addition to our expanding presence in the Southeast.”
For more information about SVN | Raleigh, visit www.svnraleigh.com.
About SVN®
SVN® is the world’s leading commercial real estate franchise. It is the only Employee-Owned Public Benefit Corporation in the industry, and its growing network includes over 2,000 Advisors, staff, and independent owner-operators who support clients across markets. Built on a foundation of innovation and collaboration, SVN empowers Advisors to deliver client-focused results and real-world impact through its industry-leading Shared Value Network®.
A healthy commercial real estate market is at the heart of every thriving community. As a Public Benefit Corporation, SVN is committed to creating Shared Value with our clients, communities, and the commercial real estate industry.
To learn more about joining SVN, visit www.svn.com.
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“This is an important indicator of the continued growth of SVN – in cold hard results,” says SVNIC President and CEO Kevin Maggiacomo. “This top 10 ranking solidifies the strength of the SVN brand, the reliability of our many online CRE tools and the talent of our hardworking Advisors.”
economists would describe this state of unemployment as near “full employment” as historical data analyses show that the country rarely dips below 4% and never for that long. Yet, this near historically low unemployment has occurred less from overly robust hiring, but instead from a lack of qualified workers able to fill open positions. In fact, the BLS reported in May a modest +138,000 jobs added to the economy, a good but not great number. Perhaps more importantly, the jobs report showed no single sector reporting significant losses, which indicates that all are hiring or holding steady. In addition, the only sector to have shown persistent losses over the last year, Mining (which includes energy production and exploration), has even reversed itself and is posting significant gains over the last few months. Therefore, the jobs report truly only supports the conclusion of an ever growing, albeit slowly, economy.
macroeconomic cyclical activity. In the past, such low levels of unemployment were often followed by a mild recession within the same timeframe. However, recessions are typically triggered by excessive speculation, risk-taking, and usually hyper aggressive lending that pushes the economy too far. The data does not show any such excesses, especially in the use of leverage or aggressiveness of lenders. So, such predictions may not come true. Second, the labor shortage is being felt very strongly in the construction services and materials sectors. This means the cost to build new properties is rising faster than market rents and prices can justify. The net result is commercial real estate will probably hold its value just fine, and in fact, appreciate in areas where there is short supply. In conclusion, according to the data, we are probably closer to the middle of the cycle than the end.
2. Urbanization is happening across the country.
effect could be measured. Job growth has mostly sustained at robust, consistent levels as unemployment sits at near full employment at 4.7%. Of course, the biggest impact has been stock equity prices. The S&P 500 and Dow Jones Industrial Average have risen approximately 10% since the election as a result of anticipated future growth. This future growth in the economy and jobs, if it materializes, will also mean increased demand for all types of commercial real estate, resulting in a possible rise of rental rates and occupancies.