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COPYRIGHT 2005 Knight-Ridder/Tribune Business News
By Jack Hagel, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News
Feb. 28--Speculating on rising interests rates and a rebounding economy, investors dumped loads of cash into Triangle real estate last year. And they're doing it again in 2005.
The total spent on local investment property last year was $892.4 million -- the most spent in at least a decade and 62.7 percent more than the 10-year average of $548.4 million, according to the Raleigh office of CB Richard Ellis.
The total, up from $517.5 million in 2003, was juiced by the sale of Raleigh's Cameron Village shopping center...
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