News

Commercial Real Estate In 2023: How To Avoid Distractions And Stay The Course

30 January 2023

By Nikita Zhitov In commercial real estate, we are always looking forward. Where are trends leading the market? What lies ahead … Continue reading Commercial Real Estate In 2023: How To Avoid Distractions And Stay The Course

5 Strategies for CRE Investment in Uncertain Times

3 January 2023

Will there be a recession? Here are five tips for organizations looking to make investments in commercial real estate in … Continue reading 5 Strategies for CRE Investment in Uncertain Times

6 Overlooked Investment Opportunities in Commercial Real Estate

26 December 2022

Smaller but consistent sources of income are often overlooked by property owners. From parking to vending machines, these profit-boosting assets … Continue reading 6 Overlooked Investment Opportunities in Commercial Real Estate

Buying Ugly: The Inner Beauty of Unattractive Real Estate

22 December 2022

Forget top-end buildings with marble lobbies. The real value comes with ugly buildings. By Nikita Zhitov When it comes to residential … Continue reading Buying Ugly: The Inner Beauty of Unattractive Real Estate

Head Start for Young Pros

26 November 2022

Commercial real estate is a difficult field to break into. That’s why one North Carolina broker is offering a helping … Continue reading Head Start for Young Pros

Tap Into the Wealth Potential of Commercial Real Estate With These 5 Tips

21 November 2022

Investing in real estate can be one of the best ways to make a passive — but sizable — income. … Continue reading Tap Into the Wealth Potential of Commercial Real Estate With These 5 Tips

The Power of Real Estate

2 November 2022, As seen in Forbes, Fortune, and Entrepreneur

A contagious passion and culture of selfimprovement keep the team at CityPlat, LLC, at the forefront of Raleigh’s explosive commercial … Continue reading The Power of Real Estate

How To Acquire Investment Property At Low—Or No—Cost Article

12 October 2022

My favorite types of real estate deals are the ones where I get properties free. The most common way people … Continue reading How To Acquire Investment Property At Low—Or No—Cost Article

5 Ways Commercial Real Estate Investors Can Prepare For A Recession

17 August 2022

Whenever pessimism dominates the U.S. economy, commercial real estate investors should be prepared to shift their positions. With inflation at 40-year … Continue reading 5 Ways Commercial Real Estate Investors Can Prepare For A Recession

Developer swoops in to buy Hillsborough St. property, Plans hundreds of apartments

10 August 2022,TBJ

A local real estate company has acquired another property on Hillsborough Street as the final piece of the puzzle for … Continue reading Developer swoops in to buy Hillsborough St. property, Plans hundreds of apartments

Raleigh investor targets Franklin County growth, buys restaurant space

25 July 2022,TBJ

A new dining option could soon be coming to downtown Louisburg. Raleigh-based CityPlat purchased the building at 200 E. Nash … Continue reading Raleigh investor targets Franklin County growth, buys restaurant space

Nikita Zhitov of CityPlat: Five Things You Need To Know To Succeed In The Real Estate Industry

17 July 2022

If you spend 3 weeks super focusing on one area of the market and studying everything there is to know … Continue reading Nikita Zhitov of CityPlat: Five Things You Need To Know To Succeed In The Real Estate Industry

Raleigh real estate group offers path for high school students interested in a career in real estate

1 July 2022 ,Wral

A Raleigh-based real estate group is paving the way for young professionals. The Nikita Zhitov Foundation is a new initiative … Continue reading Raleigh real estate group offers path for high school students interested in a career in real estate

Real estate group to fund college scholarships

21 June 2022 ,The Triangle Tribune

RALEIGH – Nikita Zhitov, co-founder of Raleigh-based commercial real estate investment group CityPlat, LLC, is launching a foundation to subsidize … Continue reading Real estate group to fund college scholarships

Zhitov builds on his 15-year run through Triangle real estate

13 June 2022

Fifteen years ago, the Rocky Mount newspaper reported about a group of investors from the Triangle who were planning to … Continue reading Zhitov builds on his 15-year run through Triangle real estate

Raleigh firm flips apartments near NC State in $13M deal

9 June 2022 ,Cliff Barnes

A Raleigh real estate investment firm has acquired Pullen Station Loft Apartments for $13.35 million. Jays Properties purchased the 100-unit … Continue reading Raleigh firm flips apartments near NC State in $13M deal

Raleigh developer weighs 5-story options for Hillsborough property

11 April 2022

For the last eight years, Raleigh developer CityPlat has been assembling a site on Hillsborough Street and trying to get … Continue reading Raleigh developer weighs 5-story options for Hillsborough property

Glenwood South Project Has Food, Bars – And Shipping Containers

6 April 2022

The repurposed shipping container development Boxyard RTP made a splash in the Triangle market last year as the first of its kind … Continue reading Glenwood South Project Has Food, Bars – And Shipping Containers

Give Peace a Chance

31 March 2022, Triangle Business Journal

We’ve said it before, and it bears repeating, Glenwood South is Raleigh’s cash cow, and more than ever, the district is … Continue reading Give Peace a Chance

Raleigh real estate firm pays $6M for first purchase in the Triad

10 March 2022, Triangle Business Journal

A Raleigh real estate investment firm paid $6 million for its first acquisition in the Triad market. CityPlat Commercial Real … Continue reading Raleigh real estate firm pays $6M for first purchase in the Triad

Mitch’s Tavern, a Hillsborough St. staple, set to reopen under new management

29 December 2021, Triangle Business Journal

Hillsborough Street staple Mitch’s Tavern, which has been closed since the pandemic began, will reopen under new management in the … Continue reading Mitch’s Tavern, a Hillsborough St. staple, set to reopen under new management

NC grocery chain plans second store in bustling Wake town

8 December 2021, Triangle Business Journal

A North Carolina-based grocer has purchased land in a growing Wake County town, just five miles away from the chain’s … Continue reading NC grocery chain plans second store in bustling Wake town

High-end townhomes mapped in downtown Raleigh after $2M land deal (Gallery)

1 December 2021, Triangle Business Journal

Raleigh development firm Dukes Properties & Construction is starting work on a new downtown project with plans calling for eight … Continue reading High-end townhomes mapped in downtown Raleigh after $2M land deal (Gallery)

CityPlat picks up Raleigh apartments with eye on ‘long-term potential

2 September 2021, Triangle Business Journal

Raleigh-based real estate firm CityPlat has picked up yet another property near downtown Raleigh and is planning a major overhaul … Continue reading CityPlat picks up Raleigh apartments with eye on ‘long-term potential

After 17-year campaign, Raleigh firm finally buys Hillsborough St. site near NC State

15 July 2021, Triangle Business Journal

A Raleigh real estate agency plans to renovate a multiplex near historic Cameron Park after purchasing the building for $2.6 … Continue reading After 17-year campaign, Raleigh firm finally buys Hillsborough St. site near NC State

Raleigh real estate firm makes play for Garner’s downtown project (Renderings)

19 March 2021, Triangle Business Journal

The town of Garner is weighing proposals from three developers – one local and two from out of state – … Continue reading Raleigh real estate firm makes play for Garner’s downtown project (Renderings)

Raleigh brewery expanding to Durham in new retail, entertainment complex

25 February 2021, Triangle Business Journal

Raleigh-based Lonerider Brewing Co. is coming to the Bull City with plans to open its fourth location in the Triangle … Continue reading Raleigh brewery expanding to Durham in new retail, entertainment complex

Raleigh firms partner to bring more townhomes to Glenwood South – and these won’t cost you $1M

29 January 2021, Triangle Business Journal

Two real estate firms in Raleigh are at it again, pairing up for their latest residential infill development – this … Continue reading Raleigh firms partner to bring more townhomes to Glenwood South – and these won’t cost you $1M

New owners of downtown Raleigh nightclub property aim for 40-story rezoning

27 January 2021, Triangle Business Journal

The new owners of the home of a longtime Raleigh nightclub are gearing up to file a rezoning request seeking … Continue reading New owners of downtown Raleigh nightclub property aim for 40-story rezoning

Developers warm up to Opportunity Zones in Raleigh-Durham

15 January 2021, Triangle Business Journal

In 2017, CityPlat principal Vincenzo Verdino learned of a new program just implemented by the federal government to encourage investment … Continue reading Developers warm up to Opportunity Zones in Raleigh-Durham

Downtown Durham condo project features retail, high-tech parking (Gallery)

8 January 2021, Triangle Business Journal

A pair of Raleigh-based developers are planning a mixed-use condo project in the heart of downtown Durham, including a high-tech … Continue reading Downtown Durham condo project features retail, high-tech parking (Gallery)

This $700K parking lot in downtown Raleigh could become a hotel – or condos

4 January 2021, Triangle Business Journal

A parking lot in downtown Raleigh changed hands last week with the new owner envisioning a future high-rise on the … Continue reading This $700K parking lot in downtown Raleigh could become a hotel – or condos

From bricks to retail: Downtown Durham site finds new life with trendy development (Gallery)

16 October 2020, Triangle Business Journal

The site of a historic brick factory in Durham has found new life as a retail and entertainment destination. Raleigh … Continue reading From bricks to retail: Downtown Durham site finds new life with trendy development (Gallery)

More development planned for Hillsborough St. near NC State

13 August 2020

By Cliff Barnes  – Contributing writer Triangle Business Journal The trend of buying separate parcels of land and assembling them is continuing near … Continue reading More development planned for Hillsborough St. near NC State

With property sale, Hillsborough Street could see more redevelopment by NC State

3 May 2020

A New York City-based real estate investment firm has laid a stake in prime real estate near North Carolina State … Continue reading With property sale, Hillsborough Street could see more redevelopment by NC State

Gaurav “G” Patel Joins CityPlat Commercial Real Estate

13 April 2020

Raleigh’s top hospitality entrepreneur shifts to Senior Advisor role in commercial real estate Cary, (Issuewire.com) – For over a decade, … Continue reading Gaurav “G” Patel Joins CityPlat Commercial Real Estate

Triangle real estate firm stakes claim in downtown Raleigh with new HQ

6 April 2020, Triangle Business Journal

A real estate company with a growing presence in the Triangle will launch a new headquarters in the heart of … Continue reading Triangle real estate firm stakes claim in downtown Raleigh with new HQ

Sale of Wake Forest site will help NC restaurant workers in need

6 April 2020, Triangle Business Journal

A Triangle real estate company plans to donate a portion of its profits from the sale of an industrial site … Continue reading Sale of Wake Forest site will help NC restaurant workers in need

Cary group plots mixed-use project in downtown Garner

10 February 2020, Triangle Business Journal

A local developer is bringing a mixed-use destination to Garner with plans to redevelop a pair of aging industrial buildings … Continue reading Cary group plots mixed-use project in downtown Garner

Raleigh Ranks Among Best Places

31 January 2020

The following is a list of recognitions Raleigh has received throughout the years. Find more about what makes Raleigh such … Continue reading Raleigh Ranks Among Best Places

CityPlat LLC successfully closes sale of two medical buildings leased to UNC Health Care Systems.

5 January 2020

Apex, Jan 4, 2020 (Issuewire.com) – CityPlat LLC Commercial Real Estate Firm facilitated an off-market $6,000,000 sale of a recently … Continue reading CityPlat LLC successfully closes sale of two medical buildings leased to UNC Health Care Systems.

CityPlat LLC closes 2nd Long-Term Lease with Crafty Crab Restaurant franchise in North Carolina this Year!

18 November 2019

Raleigh, Nov 18, 2019 (Issuewire.com)  – Crafty Crab Restaurant is a new growing and constantly expanding Cajun Seafood Franchise that currently has … Continue reading CityPlat LLC closes 2nd Long-Term Lease with Crafty Crab Restaurant franchise in North Carolina this Year!

CityPlat LLC Purchases a Small Office/Retail Building in Glenwood South Corridor in Raleigh, NC.

24 October 2019

CityPlat LLC purchased a Small Office/Retail Building in Glenwood South in Raleigh, NC.  Extensive renovations are underway. This 3,300 SF … Continue reading CityPlat LLC Purchases a Small Office/Retail Building in Glenwood South Corridor in Raleigh, NC.

Local Development Group Acquires 1.72 Acres on Hillsborough Street for Future Development.

24 October 2019

A partnership between CityPlat and White Oak Properties has acquired a land assemblage consisting of 6 parcels, 1.72 acres, near … Continue reading Local Development Group Acquires 1.72 Acres on Hillsborough Street for Future Development.

CityPlat LLC closes a Long-Term Lease with Crafty Crab Restaurant franchise in Concord, NC.

24 October 2019

Cary, Aug 1, 2019 (Issuewire.com)  – CityPlat LLC has closed a Long-Term Lease for a 2nd Generation Restaurant Building at 8480 Pit … Continue reading CityPlat LLC closes a Long-Term Lease with Crafty Crab Restaurant franchise in Concord, NC.

CityPlat LLC Sells 2 prime Multi-family Assets in Downtown Raleigh

24 October 2019

CityPlat LLC Sells 2 Apartment Buildings in Downtown Raleigh. The first property is located at 200 E. Edenton Street in … Continue reading CityPlat LLC Sells 2 prime Multi-family Assets in Downtown Raleigh

To create affordability in downtown Durham, this condo developer is going small

21 April 2019

To create more affordable for-sale units in downtown Durham, one developer is going small — really small. The latest project … Continue reading To create affordability in downtown Durham, this condo developer is going small

400 square feet in downtown Durham ‘naturally affordable’ at $150K

21 April 2019

By Sarah Krueger, WRAL reporter DURHAM, N.C. — A Durham developer wants to build what he calls “naturally affordable” condominiums, homes … Continue reading 400 square feet in downtown Durham ‘naturally affordable’ at $150K