Downtown Raleigh

Real Estate & Construction

Massive wealth has been created in North Carolina’s real estate industry over the last decade because of soaring property values, particularly in the Charlotte, Triangle and coastal areas. The state has become a magnet for international investment because of its growth prospects. This section includes many of the state’s most successful contractors, developers and residential brokerage company owners.

ANDY ANDREWS

chairman, CEO | Dominion Realty Partners

Raleigh

The development firm led by former professional tennis pro Andrews, 62, has offices in Charlotte, Raleigh and Richmond, Va. The N.C. State University graduate raises money to help interest low-income children in tennis.

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AUDIE BAREFOOT

CEO | Fonville Morisey Barefoot

Raleigh

The Raleigh area native started his own company in 1983 and merged with Fonville Morisey in 1989. It has long been a major force in the Triangle’s residential real estate market and also operates a Wilmington office. His son, Jonathan, is company president.

ROB BARNHILL

president | Barnhill Contracting

Rocky Mount

Barnhill has served as president since 2010 of the company founded by his grandfather. Among the state’s largest contractors with annual revenue topping $500 million, it has built or renovated high-profile projects such as Charlotte’s Optimist Hall and WRAL’s headquarters in Raleigh. 

JON BELL

CEO | Bell Partners

Greensboro

The son of company founder Steve Bell has shepherded more than $10 billion in real estate deals since joining the company in 2001. He became CEO in 2016. The UNC Chapel Hill MBA graduate raised $950 million in 2020 to acquire more apartment developments.

TOMMY CAMP

president, CEO | Berkshire Hathaway HomeServices Carolinas Realty

Charlotte

Camp, 66, has built his real estate company into one of the state’s largest with more than 900 agents. The University of South Carolina graduate took over Prudential Carolinas Realty in 2005. Warren Buffet’s company bought the business in 2013.

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ROY CARROLL II

founder, president, CEO | The Carroll Cos.

Greensboro

Carroll founded his company with his father as a custom homebuilder in 1984 and has grown it to more than $2.5 billion in real estate under management, including apartment and office buildings, hotels and storage units. 

TIM CLANCY

president | Clancy & Theys Construction

Raleigh

Clancy, 72, succeeded his father in 1986 in leading the business that was formed in 1949. The company ranked 170th nationally in Engineering News Record’s rankings of largest U.S. contractors in 2019. It also has offices in Charlotte, Wilmington, Orlando and Newport News, Va.

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DAVID CUTHBERTSTON

co-owner | True Homes

Monroe

He leads one of the 40 largest U.S. homebuilders, according to Builder magazine. It has operations in the Charlotte, Triangle, Triad and coastal markets. It closed on more than 2,000 properties last year. He is chairman of the American Bank & Trust community bank.

PAT DEAN

senior vice president, national operations | Balfour Beatty

Charlotte

The Kansas State University graduate joined the London-based contractor as Carolinas business unit leader in 2006, then became regional president in 2012. He’s led some of the state’s largest construction projects, including 300 South Tryon and 1 Bank of America Center in Charlotte.

ANTHONY DILWEG

founder, CEO | The Dilweg Cos.

Durham

The former NFL quarterback has acquired commercial real estate valued at more than $1.3 billion since founding his company in 1999. The Duke University graduate oversees projects in four Southern states with a history of improving, then selling his developments.

WYATT DIXON

founding partner | Proffitt Dixon

Charlotte

Dixon has led more than $1 billion in real estate transactions since co-founding the company with Stuart Proffitt in 2009. The Appalachian State University and UNC Chapel Hill graduate has developed luxury apartment communities across the Southeast.

SCOTT DUCKWORTH

regional president | Brasfield & Gorrie

Raleigh

An Auburn University graduate, Duckworth, 54, has spent nearly three decades with the Birmingham, Ala.-based general contractor. He’s been regional president since January 2020. A recent project is WakeMed Cary Hospital’s expansion.

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BRETT GRAY

managing principal | Cushman & Wakefield

Charlotte

In his position since 2017, Gray, 39, has helped nearly triple the Charlotte office’s revenue. The UNC Chapel Hill graduate joined the national firm in 2012 and oversees more than 100 employees. He helped broker the sale of the Bank of America Legacy Union tower.

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CLAY GRUBB

CEO | Grubb Properties

Charlotte

Grubb, 53, has a bachelor’s degree from Tulane University and is a UNC School of Law graduate. His company has developed more than 5,000 apartments and 2 million square feet of office space in several states.

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R. GORDON GRUBB

president | Grubb Ventures

Raleigh

Grubb, 61, founded the company in 2002 to redevelop underutilized property. He has a Wake Forest University law degree and a UNC Chapel Hill MBA. He and his brother, Charlotte developer Clay Grubb, grew up in Lexington. They do not typically co-invest in properties.

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NEAL HANKS

principal owner, president | Beverly-Hanks Realtors

Asheville

An Appalachian State University graduate and Asheville native, Hanks, 57, has spent 20 years running western North Carolina’s most active residential realty firm with annual volume topping $1 billion.

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JOHNO HARRIS

president | Lincoln Harris

Charlotte

The son of Charlotte civic leaders Johnny and Deborah Harris has led the developer since 2015. He previously worked for Fortress Investment Group in Charlotte. Lincoln Harris’ projects include downtown’s Bank of America Tower and the Rea Farms mixed-use project in south Charlotte.

REED JACKSON

managing partner | Ivester Jackson

Cornelius

A Michigan State University graduate, Jackson has led the boutique real-estate brokerage since 2003. It is affiliated with Christie’s International Real Estate and specializes in higher-priced  properties across the Charlotte region. Its revenue has grown 400% since 2014.

DAVID JONES

CEO | Coldwell Banker Howard Perry Walston

Cary

The Wake Forest University graduate, 62, became CEO after joining the business in 1987 as controller. The firm was created when Howard Perry and Don Walston merged their firms in 1973. Jones previously worked in public accounting.

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SAM JUDD

founder, managing partner | Asana Partners

Charlotte

The UNC Chapel Hill graduate joined former Edens colleagues Terry Brown and Jason Tompkins to co-found the company in 2015 to redevelop mixed-use projects in fast-growing cities. He previously worked for Sears Holdings. Asana raised $800 million in 2019.

JOHN KANE

CEO | Kane Realty

Raleigh

Kane started with buying and redeveloping properties in eastern North Carolina, ultimately becoming one of Raleigh’s top developers. The Wake Forest University graduate’s company’s many projects include the $1 billion North Hills Innovation District and Downtown South projects in Raleigh, which mingle office, housing and entertainment.

GREG KEITH, JR.

president, CEO | The Keith Corp.

Charlotte

Keith founded the company with his father, Graeme, in 1989 and has developed, leased or managed more than 19 million square feet of commercial space nationally. Other subsidiaries include general contracting and management of corrections facilities. He has bachelor’s and law degrees from Wake Forest University.

FRED KLEIN

senior managing partner | Childress Klein

Charlotte

Much of Charlotte’s skyline was developed by the firm led by Klein, 75, who has a bachelor’s from Princeton University and a Wharton MBA. Major current projects include the new Duke Energy tower and a massive industrial project planned near Concord Mills in Cabarrus County.

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TED KLINCK

president, director, CEO | Highwood Properties

Raleigh

The University of Georgia MBA graduate joined the real estate investment trust in 2012 and succeeded leader Ed Fritsch in 2018. The REIT, which has returned investors 19% over the past five years, sold properties in Greensboro and Memphis to focus on faster-growth areas. 

PETE LASH

managing director | Beacon Partners

Charlotte

A U.S. Military Academy graduate with a University of Virginia MBA, Lash, 61, joined with Charlotte Caterpillar franchise owner Ed Weisiger Jr. to start Beacon in 1989. Its projects include the mixed-use RailYard in Charlotte’s South End.

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TODD MANSFIELD

chairman, CEO | Crescent Communities

Charlotte

Named CEO of what was once Duke Energy’s real estate division in 2011, he has overseen more than $10 billion of projects over his career. The Harvard University graduate previously worked for Crosland and The Walt Disney Co. Japan’s Sumitomo Forestry became majority owner in 2018.

STEPHEN MCCLURE

CEO | The Spectrum Cos.

Charlotte

McClure, 40, heads a company that has developed more than 30 commercial projects. It has more than 4.4 million square feet of property under management or lease and 1,600 apartments in its $2 billion portfolio. The Wake Forest University graduate earned an MBA at Duke University.

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JAMES MERRIFIELD

managing partner | MPV Properties

Charlotte

Last year MPV celebrated the 10th anniversary of the merger of companies run by Merrifield, Bailey Patrick and Steve Vermillion. The Harvard Business School graduate has directed the development of 4,000 acres and 3.5 million square feet of commercial space.

VALERIE MITCHENER

owner, broker | HM Properties

Charlotte

The Philadelphia-area native founded her company in 2006 with six brokers. It now
ranks among the top Queen City residential real estate leaders with 115 agents. The UNC Chapel Hill graduate previously built and sold TextWorks, a financial industry training technology company.

CHASE MONROE

Carolinas market director, Charlotte brokerage lead | JLL

Charlotte

Monroe, 55, is a University of Virginia graduate who joined JLL in 2011 after co-founding a regional consulting firm and stints with Lincoln Harris and Spectrum Properties.

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EB MOORE

CEO | Wilkinson ERA Real Estate

Charlotte

A residential real estate veteran since the 1970s, Moore moved to Wilkinson in 2016 and has helped build one of the region’s biggest agencies with more than 800 agents. He previously was CEO of Coldwell Banker Howard Perry and Walston in Raleigh.

COMPIE NEWMAN

managing director | CBRE

Charlotte

The Naval Academy graduate and aviator manages the Charlotte office of the international real estate services company, which he joined in 2010. He previously worked for NorthMarq Capital and RBC Capital Advisors. Over his career, he’s placed more than $3.5 billion in real estate capital.   

MICHAEL OVERTON

owner, president | The Overton

Greenville

Overton, 46, leads a major eastern North Carolina commercial real estate company. The Greenville native and East Carolina University graduate helped lead his family’s water sports catalog company before its sale in 2003. He chairs the Greenville-ENC Alliance economic development group.

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PETER PAPPAS

CEO, owner | Terwilliger Pappas, Pappas Properties

Charlotte

The N.C. State University graduate started his company in 1999, and it’s become one of the Queen City’s most prominent mixed-use developers. He’s been involved in such projects as Huntersville’s Birkdale Village, Charlotte Midtown’s Metropolitan and many apartment communities.

CHRIS PARR

owner, CEO | Parr Investments

Greensboro

After building a successful apartment flooring business, Parr launched his company in 2001 to build apartment communities across the Triad. The Appalachian State University graduate and Greensboro native now has nearly 2,500 units under his belt.

CHAD PAUL

CEO | Bald Head Island Ltd.

Bald Head Island

Since 2010 the Harvard Business School graduate has managed the private 12,000-acre island, a second-home destination in Brunswick County accessible by ferry. The island is owned by heirs of Texas oilman George Mitchell. He’s also a partner in Harbor Island Equity Partners and a director at First Carolina Bank.

GREG PEELE

general manager, executive vice president | Skanska USA Building

Durham

Peele manages the Swedish contracting company’s operations in North Carolina and Virginia. Major projects have included the James B. Hunt Jr. Library and Fitts-Woolard Hall engineering building at Peele’s alma mater, N.C. State University, and a surgical tower at UNC Hospitals.

ROGER PERRY

founder, president | East West Partners

Chapel Hill

Perry has led East West since 1983, building large residential communities such as Meadowmont in Chapel Hill and Adams Farm in Greensboro. The UNC Chapel Hill graduate is a longtime volunteer leader at his alma mater, where he formerly was chairman of the trustees board.

GREGORY POOLE III

chairman, president, CEO | Gregory Poole Equipment

Raleigh

Poole represents the third generation to run the company, which was founded in 1951 as the state’s second Caterpillar dealer. The 1,300-employee company supplies construction equipment across eastern North Carolina. He bought the company from his father and became CEO in 1999. Its annual revenue tops $600 million.

STUART PROFFITT

founding partner | Proffitt Dixon

Charlotte

Proffitt, who had worked for Pappas Properties, joined Wyatt Dixon to found the company in 2008. The N.C. State University graduate, who has an MBA from the University of Southern California, has developed more than $1 billion of multifamily communities in the Carolinas and Tennessee.

RUSTY PULLIAM

president, CEO | Pulliam Properties

Asheville

Pulliam joined his father Winston’s realty company in 1986 and stepped into its top job in 1993. Over the next three decades, the Newberry College graduate has built what he calls western North Carolina’s largest commercial real estate firm.

GARY RABON

president, CEO | Coldwell Banker Advantage

Raleigh

Starting his own office in 1995 with nine agents, Rabon now manages more than 1,700 real estate agents and 55 offices in the Triangle, Triad and South Carolina. The East Carolina University graduate is a past president of the Raleigh Regional Association of Realtors.

DAVID RAVIN

president, CEO | Northwood Ravin

Charlotte

The former Crosland executive started his company in 2011 and became a leading apartment developer. After forming a joint venture with New York-based Northwood Investors, the business has expanded into office projects in Durham and Charlotte. He has architecture degrees from UNC Charlotte and the University of Michigan.

PAT RILEY

president, CEO | Allen Tate

Charlotte

The Indiana University of Pennsylvania graduate, 69, has led the brokerage since 1992, overseeing annual sales that have topped $5 billion. In 2018, the locally owned firm merged with Pittsburgh-based Howard Hanna to create the largest privately owned U.S. residential brokerage.

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PAT RODGERS

president, CEO | Rodgers Builders

Charlotte

Rodgers, 73, has been CEO since 1988 of the business started by her late husband, B.D. Rodgers Jr., in 1963. Revenue totaled $510 million in 2019. She has chaired the Charlotte Chamber and Mint Museum boards.

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ARTHUR SAMET

chairman, CEO | Samet Corp.

Greensboro

Samet succeeded his father in 2000 as leader of the construction company formed in 1961. The University of Georgia and UNC MBA graduate expanded into development with revenue topping $400 million in 2019. It has six offices, including one added last year in Wilmington. 

BUDDY SEYMOUR

partner | Windsor Commercial

Greensboro

Seymour co-founded the company in 2003 after a multidecade career in sales and real estate. It develops multifamily, medical and industrial projects in the Carolinas, Georgia and Tennessee. He has a bachelor’s degree from N.C. State University and a UNC Greensboro MBA. 

TIM SMITH

owner | Preston Development

Cary

Smith, 72, and partner Bubba Rawl have been key developers of many residential communities including MacGregor West and Preston in Cary, with backing from SAS Institute’s Jim Goodnight. Their nearly 8,000-acre Chatham Park project is expected to be among the Triangle’s largest planned communities. The Salisbury native’s father, Wilson, was a co-founder of Food Town, now Food Lion.

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PAUL SULLIVAN

vice president | Gilbane Building

Raleigh

Sullivan was tapped to lead the North Carolina operation in 2016 after working for the Providence, R.I.-based contractor and a predecessor company since 2000. The University of Florida graduate works with a client list that includes Duke University, Truist and Google.

THOMAS TAFT SR.

chairman, CEO | Taft Family Ventures

Greenville

The former N.C. state senator and veteran lawyer has developed or acquired more than 7,000 apartments and 2 million square feet of commercial space since 1988. He has a bachelor’s degree from Duke University and a UNC Chapel Hill law degree. His sons Thomas and Jonathan are principals.

ROBIN TEAM

managing partner | Front Street Capital

Lexington

Team, 65, has been a key N.C. developer since the mid-1980s. He and his son Coleman merged Carolina Investment Properties and Front Street Capital in 2014. The Wake Forest University graduate oversees a real estate portfolio valued at more than $350 million. His son Alston also works for the business.

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EDDIE VANNOY

co-owner, CEO | Vannoy Construction

Jefferson

The East Carolina University graduate, 72, has worked in the family business since 1971 and been CEO since 1985. Annual revenue has topped $580 million in recent years with six offices in the Carolinas.

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JIM WALLACE

founder, CEO | Intracoastal Realty

Wilmington

Wallace went to Florida State University on a basketball scholarship, then embarked on his career in real estate. He founded his brokerage company in Wrightsville Beach with one other employee in 1976. It now has more than 350 agents and 13 offices.

TAMMY WHITWORTH

chairwoman, CEO | Window World

Wilkesboro

The Wilkes County native and Meredith College graduate acquired the corporate office of the exterior remodeling company from her late husband Todd’s parents in 2007. They previously owned several franchise stores. Becoming CEO in 2010, she oversees more than 200 locations nationwide.

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