REAL ESTATE
Property values in North Carolina continued to soar over the last year, creating an unprecedented bullish real estate environment. The average home value in most of the state’s largest metropolitan areas increased by more than 15% over the last year, according to Attom Data Solutions research. Rental rates showed similar gains. The number of homes for sale remained depressed even as new starts picked up. This section includes many successful North Carolina contractors, developers and brokerage executives.
BRIAN ALLEN
president | Precision Walls
Cary
The Cary native and Campbell University
graduate joined the family business after
graduating from Campbell University in
1996. In 2019 ownership transferred to
an Employee Stock Ownership Plan to
improve retirement benefits and succession
planning. It has more than 1,000 employees
and 11 offices in four states.
ALEX ‘ANDY’
ANDREWS IV
chair, CEO | Dominion Realty
Partners
Raleigh
The former tennis pro started his
business in 2005 and has become a
leading regional developer with offices
in Raleigh, Charlotte and Richmond, Va.
The Woodberry Forest School graduate
has raised more than $9 million for tennis
programs involving low-income children.
Pre-workday motivation: Being fortunate
to do what I do every day.
Key to industry success: Creativity in
solving problems.
Best advice: Make the most out of your
opportunities.
Three people to share a meal: Roger
Federer, Jack Nicklaus and Elon Musk.
Proud family accomplishment: How we
all dealt with the loss of my 31-year-old
daughter who died of cancer.
Favorite hobby: Golf.
Where to entertain a visitor: Carolina
Hurricanes hockey game.
ROB BARNHILL
president | Barnhill Contracting
Rocky Mount
He’s had his post since 2010 at the
company founded by his grandfather
and previously led by his father, Bob. The
company’s work on the Greg Poole Jr. All
Faiths Chapel at Raleigh’s Dorothea Dix
Park was named a “Best Building Project”
by the Carolinas Association of General
Contractors in January.
JON BELL
executive chair | Bell Partners
Greensboro
The UNC Chapel Hill MBA transitioned to
his role in January after serving as CEO for
six years. He has worked for the company
started by his father, Steve, since 2001. It
has raised $3.5 billion for apartments and
other real estate investments since 2006.
KIRK BRADLEY
chair, CEO | Lee-Moore Capital
Sanford
The University of Georgia graduate and
Duke University MBA has spent his
professional career at his family’s business,
which started in 1932 as Lee-Moore Oil
Company. In 2006, he sold the gasoline
division. His best-known project is the
Governors Club golf-course community
in Chapel Hill. He was named to the UNC
System Board of Governors last year.
Pre-workday motivation: Finding a
scalable solution to workforce and
affordable housing.
Key to industry success: Real estate is
a team sport. Having a wide and deep
professional network is key.
Best advice: Do your best to help
everybody you can.
Three people to share a meal: Benjamin
Franklin, Elon Musk and Peter Thiel.
Proud family accomplishment: That we all
love and enjoy each other’s company. Lots
of fun and laughter when we are together.
Favorite hobby: Reading, travel, hunting
and golf.
Where to entertain a visitor: Duke Chapel.
CALVIN BRODIE
president | Brodie Contractors
Raleigh
After starting his masonry business in
1989, he’s employing more than 300 people
with projects across the state. He’s
overseen lots of education and health care
construction, including many UNC System
and Wake County buildings. He grew up
in Franklin County, graduating from Bunn
High School.
ANDREA BUSHNELL
CEO | NC Realtors
Greensboro
The Montana State University graduate
earned a law degree at Lewis & Clark Law
School in Portland, Ore. She worked at
Oregon’s Realtors association for nearly 14
years before joining the N.C. group in 2010.
Key to industry success: As the CEO of
the state’s largest trade association, I have
learned to have incredible respect for the
challenges facing our 57,000 members
every day in their professional lives. It is
critical to understand those challenges in
order to create and implement solutions.
Empathy, creativity, patience, open-mindedness and the ability to quickly
analyze an issue and rapidly respond are all
essential to success.
Best advice: My parents encouraged me to
travel, to be an intrepid explorer, to respect
and experience the natural world and to
always be open to new ideas, experiences
and opportunities.
Proud family accomplishment: My kids
all know their way around the kitchen. All
four enjoy cooking. Truly, my husband and
kids are making their way in the world
successfully and happily. What more could
a wife and mom ask for?
Favorite hobby: Tennis.
TOMMY CAMP
president, CEO | Berkshire Hathaway HomeServices Carolinas Realty
Charlotte
The University of South Carolina graduate
has led what was previously Prudential
Carolinas Realty since 2005. Warren
Buffett’s company bought the business in
2915. He oversees more than 900 agents
across 15 offices.
ROY CARROLL II
founder, president, CEO |
The Carroll Companies
Greensboro
The Greensboro native is a major Triad
developer with more than $4 billion
in real estate assets owned or under
development. In February, he said he
was converting a former Macy’s store in
Greensboro into a storage rental business,
including space for collector cars.
DAVID
CUTHBERTSON
co-owner | True Homes
Monroe
Cuthbertson helped start the business that
became the 39th largest U.S. homebuilder
in 2020 with 2,004 sales and $508 million
in revenue, according to Builder magazine.
He helped start American Community
Bancshares in 1998 — it was sold in 2009 —
and then American Bank & Trust in 2019.
PAT DEAN
senior vice president, national
operations | Balfour Beatty
Charlotte
Dean joined the London-based contractor
as the company’s Carolinas business unit
leader in 2006. In 2020, the Kansas State
University graduate took his national scope job. The company has worked on
office towers for SPX, MetLife, Bank of
America and other N.C. employers.
BRETT GRAY
managing principal |
Cushman & Wakefield
Charlotte
The UNC Chapel Hill graduate joined the
national real estate services firm in 2012
and has had his current role since 2017. He
oversees offices in the six major Carolinas
metro areas.
Pre-workday motivation: Read the news,
answer critical emails and work out.
Key to industry success: Character, drive
and energy.
Best advice: Success is made up of lots of
failures. Embrace and learn from it as it will
lead you to success.
Three people to share a meal: Chris Farley,
George Clooney and Michael Jordan.
Proud family accomplishment: My
daughter. It’s incredible to watch life
through her eyes.
Favorite hobby: Family, friends, Tar
Heels and Panthers games, concerts and
traveling.
Where to entertain a visitor: Charlotte’s
South End.
W. CLAY GRUBB
CEO | Grubb Properties
Charlotte
The Tulane University and UNC School
of Law graduate became leader of his
family’s real estate business in 1993. The
240-employee company has closed more
than 3.5 million square feet of properties
in 17 cities with a focus on apartments
that fall between the affordable and
luxury sectors.
NEAL HANKS
principal owner, president |
Beverly-Hanks Realtors
Asheville
Hanks, 58, joined Beverly-Hanks in 1987
and took over as president in 1999. The
former president of the Asheville Board of
Realtors is an Appalachian State University
graduate. The agency has annual volume
topping $1 billion.
JOHN ‘JOHNO’
HARRIS III
president | Lincoln Harris
Charlotte
Harris took over as president of the
company in 2015 after serving as chief
operating officer and working for Fortress
Investment Group. His father, Johnny
Harris, is CEO and chair of the partnership
with Dallas-based Lincoln Property.
GREG HATEM
founder, managing partner |
Empire Properties
Raleigh
The Roanoke Rapids native and N.C.
State University engineering graduate
founded his real-estate business in 1995.
The company owns about 70 buildings
with more than 1 million square feet of
space in Raleigh and Durham, including
several restaurants.
Key to industry success: Showing how our community can meet the needs of a business.
Best advice: My mother’s mom would
always say, “Do the best you can with what
you’ve got.” This sweet, yet strong, woman
from a small village in Lebanon, whose
mom passed away when she was 8 years
old during the last pandemic, actually lived
it. We often hear, “Do your best.” But she
recognized, at an early age, that “your best”
is not a constant. It varies with what you
have and where you are in life.
Three people to share a meal: Philippe
Halsman. He was unparalleled at
photographing some of the world’s most
prominent people and capturing both
their whimsical side and their deepest
thoughts on film. Danny Thomas. The son of
Lebanese immigrants reached the highest
levels of entertainment and was grounded
enough to create St Jude’s Hospital for
children. Joni Mitchell. I just love her.
Favorite hobby: Photography. I have
been shooting seriously since I was a
teenager. My father thought if I was taking
photos, I wouldn’t get in trouble. I have
photographed a national title in ‘83 along
with Popes, presidents, Nobel laureates,
and, most importantly, my kids.
SAM HUNTER
chair, CEO | T.A. Loving Co.
Goldsboro
With bachelor’s and master’s degrees
from Virginia Tech, he leads one of the
400 largest U.S. contractors, which was
founded in 1925. He became CEO in 1990
and chair in 2014. He’s a past president
of the Carolinas Associated General
Contractors and AGC of America.
DAVID JONES
CEO | Coldwell Banker Howard
Perry Walston
Cary
Jones, 63, started with the real estate
agency as the controller in 1987, became
president in 2000 and took his current
role in 2019. The former Ernst & Whinney
audit manager is a Wake Forest University
graduate. The company has more than a
dozen Triangle offices.
JOHN KANE
CEO | Kane Realty
Raleigh
The Wake Forest University graduate
started his company in 1978 and has
become Raleigh’s best-known developer
with his North Hills, center city and
Downtown South projects mixing office,
housing and entertainment. He’s planning
a big mixed-use development at the
former JCPenney site in North Hills.
GREG KEITH JR.
president, CEO | The Keith Corp
Charlotte
Keith has helped develop 350-plus
projects totaling more than $3.7 billion
across 37 states. With bachelor’s and law
degrees from Wake Forest University, he
founded the business in 1989 with his
father, Graeme. It has general contracting
and corrections-facility management
subsidiaries.
Pre-workday motivation: Like most
people, I find it challenging to manage all
that I have to do. My daily time in prayer
with the Lord settles my mind, helps me
focus and prepares me for the day.
Key to industry success: Our people and
our reputation is key. Veritas Vincit (truth
prevails) is our motto. Our word is our
honor. This has resulted in sustained and
successful business relationships.
Best advice: The happiest you will ever be
in your life is when you bring joy to others’
lives.
Three people to share a meal: Billy Graham
and Jesus.
Proud family accomplishment: We all love
and respect each other. I am blessed that
I get the honor and privilege of working
alongside my dad and two sons each
day. I am equally proud of my daughters
— for who they are and what they’ve
accomplished in their lives.
Favorite hobby: Walking and praying.
Where to entertain a visitor: My farm.
FRED KLEIN
founding partner | Childress Klein
Charlotte
A Princeton University graduate with a
Wharton MBA, the Navy veteran formed
the business in 1988 with Atlanta’s Don
Childress. The company employs more
than 250 people and has developed
450-plus projects, including the new Duke
Energy tower in Charlotte. Klein is a UNC
Charlotte trustee.
TED KLINCK
CEO, president |
Highwood Properties
Raleigh
Klinck joined the real estate investment
trust in 2012 after working at Goddard
Investment Group and Morgan Stanley.
The University of Georgia graduate
became CEO in 2018 and has overseen
the closing of more than $15 billion of
transactions in the past decade.
STEVE MCCLURE
CEO | The Spectrum Cos.
Charlotte
McClure, 41, joined the 40-year-old
development firm in 2004 and led
its residential division and was chief
operating officer before taking his
current role in 2021. He has a bachelor’s
from Wake Forest University and a Duke
University MBA.
Pre-workday motivation: I start my day
with a healthy breakfast, five minutes
of meditation, a scan of The Wall Street
Journal and some time with my wife and
kids before school. Three days a week, I hit
the gym before work.
Best advice: “You can do anything, but
not everything,” from the late Charlotte
developer David Allen. It crystallizes the
importance of setting priorities, making
choices and setting appropriate goals.
Proud family accomplishment: It is
gratifying to see my kids, ages 7 and
10, already working hard to make good
choices. It can be as simple as choosing to
read versus watch TV or choosing to include
a friend on the playground who is being left
out. My wife and I want our family to make
a positive difference in this world.
TIM MINTON
executive vice president | NC Home
Builders Association
Raleigh
The Elon University MBA graduate has been
lobbying for home builders for more than
20 years. He worked for the Raleigh-Wake
County builders association from 2005-15
before moving to the statewide group.
Pre-workday motivation: Every day is an
opportunity to do something great.
Key to industry success: Be innovative and
think ahead.
Best advice: Never mess up on the money.
Three people to share a meal: Abraham
Lincoln, Winston Churchill and Billy Graham.
Proud family accomplishment: Our strong
faith in God and hardworking attitude.
Favorite hobby: Collecting old comic books.
Where to entertain a visitor: Legislative
building.
CHASE MONROE
Carolinas market director,
Charlotte brokerage lead | JLL
Charlotte
Monroe joined JLL when it acquired
Keystone Partners, where he was a
founding partner. He previously worked at
Lincoln Harris and Spectrum Properties.
Pre-workday motivation: A Peloton ride, a
long walk with our dogs and texts at 5 a.m.
from my business partners.
Key to industry success: Treating everyone
with the highest respect, honesty,
integrity and always doing the right thing.
Surrounding yourself with incredible people
is also a key ingredient.
Best advice: Focus on what you can control
or affect, not on the things out of your
control. We call it “taking care of your three foot circle.”br>
Three people to share a meal: Warren
Buffet, my grandfather and Jeff Bezos.
Proud family accomplishment: That my
boys always try to do the right thing, work
hard, and love their mom.
Favorite hobby: Hiking, fly fishing, snow
skiing and visiting with friends.
Where to entertain a visitor: O-Ku,
Stagioni’s, South End and central business
district.
COMPIE NEWMAN
managing director | CBRE
Charlotte
The Dallas-based real estate services firm
hired him in 2010 after he had worked for
NorthMarq Capital, RBC Capital Advisors
and First Union. The Naval Academy
graduate oversees the Charlotte office.
He’s helped place more than $3.5 billion
in real estate capital over his career.
MICHAEL OVERTON
owner, president | The Overton
Group
Greenville
Since 2013 the Greenville native and East
Carolina University graduate has built a
major commercial real estate company
after working at his family’s water sports catalog business, which was sold in 2003.
He’s on the boards of the Greenville
Planning and Zoning Commission and
Greenville ENC Alliance.
PETER PAPPAS
owner, CEO | Terwilliger Pappas,
Pappas Properties
Charlotte
The N.C. State University graduate has
worked on more than 3 million square
feet of projects since starting his company
in 1999. Pappas is developing a high profile office-medical-residential site in
midtown Charlotte. He previously worked
for The Harris Group.
GREG PEELE
general manager, executive vice
president | Skanska USA Building
Durham
Peele joined the Sweden-based
contractor in 2000 and now leads the
North Carolina and Virginia regions.
He’s on the board of directors for the
Morrisville Chamber of Commerce. He has
a bachelor’s from N.C. State University and
an MBA from UNC Greensboro.
GREGORY POOLE III
chair, president, CEO | Gregory
Poole Equipment
Raleigh
Poole is the third generation to lead
the Caterpillar franchise, which was
established by his grandfather and great
uncle in 1951. The company celebrated
its 70th anniversary last year, and has
grown from 40 people in Raleigh to
1,300 employees across five states.
BOB PORTMAN
president, CEO | Southern
Industrial Constructors
Raleigh
Portman is responsible for more than
1,300 people in eight offices at one of the
Triangle’s largest subcontracting firms. The
Boise State University alumnus and Army
veteran joined the business in 2014.
Key to industry success: Hiring the best
people and empowering them every day
to meet the demanding needs of our
customers. We have a strong family culture
with managers who practice disciple
leadership, have an entrepreneurial spirit,
and who stay laser-focused on customer
satisfaction.
Best advice: Always set big, hairy,
audacious goals (BHAGs). Before entering
military service, my father told me about
the concept, and I have adopted these
as guiding principles for my personal life
and professional career. Don’t settle for
mediocrity, and good things will always
happen.
Three people to share a meal: Jesus, Elon
Musk and Michael Jordan.
Proud family accomplishment: They’re
all on their own, doing good things and
contributing to society with a solid set of
morals and values.
Favorite hobby: Mountain bike riding,
hunting and basketball. I also love to take
pictures of sunsets and sunrises.
Where to entertain a visitor: Lake Gaston.
GARY RABON
president, CEO | Coldwell Banker
Advantage
Raleigh
The Raleigh native and East Carolina
University graduate started his business in
1995 with nine agents and has built it into
one of the region’s biggest agencies. He
was inducted into the Raleigh Regional
Association of Realtors Hall of Fame in 2019.
DAVID RAVIN
president, CEO | Northwood Ravin
Charlotte
The architectural graduate of UNC
Charlotte and the University of Michigan
leads more than 300 employees at a
multifamily developer with projects
across the Southeast and Southwest. He
formed the business with New York-based
Northwood Investors in 2011 after working
for Crosland for 14 years.
PAT RILEY
president, CEO | Allen Tate
Charlotte
Riley, 70, has led the business since 1992
and helped strike the 2018 partnership
with Pittsburgh-based Howard Hanna
Real Estate, creating the largest U.S.
independently owned brokerage. The
companies have 11,000 Realtors at 300-
plus offices in 10 states, including about
1,500 in the Carolinas region.
Pre-workday motivation: I am a morning
person. I love what I do, and I do my most
creative thinking at that time. Making a
difference in people’s lives motivates me.
Key to industry success: Attract and retain
people who love coaching and counseling
clients with their most important
possession on this earth. My job as a leader
is to inspire them, coach them and help
them grow every day.
Best advice: I learned at a very young
age that whatever you set out to do is
achievable if you put your passion, heart
and soul into it.
Three people to share a meal: George W.
Bush, Warren Buffett and Lou Holtz.
Proud family accomplishment: My dad
was a self-made man and Mr. Optimistic.
My mother made sure I finished everything
that I started, including earning my Eagle
Scout by age 13. .
Favorite hobby: Tennis, boating and
relaxing at the mountains and beach.
Where to entertain a visitor: Center City
and South End and sharing the evolving
growth story of these areas. I was honored
to serve as a multiyear board member
and past chair of Charlotte Center City
Partners and play a strategic part in the
development of these neighborhoods.
PAT RODGERS
president, CEO | Rodgers Builders
Charlotte
Rodgers started as an administrative
assistant at the business formed by her
late husband, B.D. Rodgers, in 1963. She
became president and CEO in 1987 after
obtaining her general contractor’s license.
Its many projects include BB&T Ballpark
and Bechtler Museum of Modern Art in
Charlotte.
Pre-workday motivation: I have been very
lucky in my life and have been given the
opportunity to be on a great team.
Best advice: B.D. Rodgers said, “Things
work out for the best because you make
the best out of them.”
Favorite hobby: Snow skiing and traveling.
Where to entertain a visitor: Levine
Avenue of the Arts in Charlotte. It’s a great
example of a very successful public-private
partnership.
D. EDWIN ROSE
president, CEO | Shelco
Charlotte
The N.C. State University graduate joined
the contractor in 1983 and became CEO
in 2000. He’s managed more than 6.5
million square feet of construction and
oversees the Shelco’s three offices in
Charlotte, Winston-Salem and Raleigh.
Recent projects include Corning’s vial
manufacturing plant in Durham.
ARTHUR SAMET
chair, CEO | Samet Corp
Greensboro
The Samet organization dates to 1961,
while Samet succeeded his father as its
leader in 2000. Growth has accelerated in
recent years as the construction company
added 190 staffers between 2019 and
2021. He’s a University of Georgia graduate
with a UNC Chapel Hill MBA.
GREG SANCHEZ
CEO | Tri Properties
Raleigh
The UNC Chapel Hill graduate and world class master’s-level swimmer has helped
develop 4.5 million square feet of space
while leading the business since 1994.
In 2021, NAI Carolantic Realty and TRI
Properties merged after a couple years
of discussion.
DAVE SIMPSON
president, CEO | Carolinas
Associated General Contractors
Charlotte
The Citadel graduate was a reporter for
The News & Observer for a decade before
joining the contractors’ trade group in
1989. He became president and CEO in
2014. He has a master’s in journalism from
the University of Missouri.
Pre-workday motivation: Exercising and
reading about business.
Key to industry success: Getting the
construction job done successfully on
time and within budget to make for happy
repeat customers.
Best advice: “Try to do what you love with
people you love, and if you can manage
that, it’s the definition of heaven on Earth.”
— Conan O’Brien.
Three people to share a meal: Jack
Nicholson, Tiger Woods and Mick Jagger.
Proud family accomplishment: My wife
Denise, a remarkable schoolteacher, and
our children, Ben, Maggie and Emily, as well
as their spouses and our grandchildren.
We are thankful for the optimism, courage
and resilience shown by my hero, Maggie,
who continues waging a successful battle
with cancer.
Favorite hobby: Handball and sports.
Where to entertain a visitor: Hayes Barton
Cafe (now The Barton) in Raleigh and
Alexander Michael’s in Charlotte.
TIM SMITH
owner | Preston Development
Cary
The Salisbury native, 73, started his
residential development company with
Bubba Rawl in 1991. It is known for
projects such as Preston and The
Arboretum at Weston in Cary and the
massive Chatham Park project near
Pittsboro. His father, Wilson, was a Food
Lion co-founder.
THOMAS TAFT JR.
principal | Taft Family Ventures
Greenville
Taft oversees the five divisions that make
up the business previously led by his
grandfather and father, having worked for
the company for about 11 years. He also
develops his own multifamily, office and
restaurant projects. He is a member of the
N.C. Board of Transportation.
ROBIN TEAM
managing partner | Front Street
Capital
Lexington
The Lexington native is a Wake Forest
University graduate who has helped
develop or acquire more than $565
million in income-producing assets.
His private equity real estate group
now owns or manages assets topping
$360 million. It made its first Tennessee
investment last year.
EDDIE VANNOY
co-owner, CEO | Vannoy
Construction
Jefferson
Vannoy joined the contractor in 1971
and took over for his father as CEO in 1985.
It now has several offices in the Carolinas
and annual revenue topping $600 million.
He co-owns the business with his brother,
Mark, who is president.
Key to industry success: Meeting people
and forming meaningful relationships that
continue to grow.
Favorite hobby: Collecting cars and
memorabilia In 2020, I auctioned off my
collection of muscle cars and memorabilia
but have since started rebuilding my
collection. My favorite vehicles are the
Dodge Demons.
Where to entertain a visitor: Jefferson
Landing, a gated mountain resort
community and golf course that we built
from the ground up.
TAMMY
WHITWORTH
chair, CEO | Window World
Wilkesboro
The Wilkes County native purchased the
exterior remodeling company from her
late husband’s parents in 2007, decades
after she and her husband purchased
their first Window World location in
Wilmington. The CEO of the business since
2010, she serves on the foundation board
of Wilkes Community College. Window
World has more than 200 locations.
CHRIS WOOTEN
president, CEO | S.T. Wooten Corp.
Wilson
Wooten has been president since 1994
and CEO since 2019, succeeding his
late father, Seth. Formed in 1952 by his
grandfather, the company focuses on
heavy highway, design-build, materials
and commercial site work. It employs
more than 1,000 people.