State Roundup: New Hampshire, North Carolina, and the District of Columbia

May 1, 2004

New Hampshire: That real estate touch.

The New Hampshire Office of Business and Industrial Development helped reel in 17 businesses to the state in 2003, spurring 1.3 million square feet of commercial development, and adding $1.50 in tax per additional square foot to state coffers. What’s behind the success? The network of real estate professionals that the agency’s state industrial representative, John DiNapoli, tapped. A real estate practitioner who joined the agency five years ago, DiNapoli relies on fellow practitioners to identify businesses looking to move and to find properties available in the state for them. “Being a practitioner is key to the success in the job,” he says. His biggest catch last year: Comcast, which agreed to establish a call center with up to 1,000 jobs.

North Carolina: Selling safely.

Because of steady reports of violence against real estate practitioners, the North Carolina Association of REALTORS® and the North Carolina Real Estate Commission formed the North Carolina Real Estate Safety Council in mid-2003. The group’s goal: to increase awareness among practitioners about the dangers in everyday work situations. The group has released a safety pamphlet and is hosting classes.

District of Columbia: Global winner.

International investors for the second year in a row say the nation’s capital is the best global city for real estate investment. Washington, D.C., in 2002 displaced London as the top city. London now ranks second, followed by Paris, New York, and Los Angeles. Findings come from the Association of Foreign Investors in Real Estate.

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