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::Red Hat's Bob Young Gets Into Real Estate
From Raleigh Chronicle Staff & Wire Reports Friday June 8, 2007
RALEIGH - According to an article in the News & Observer newspaper, Bob Young, the founder of the large Red Hat software firm, has branched off into real estate development with his purchase of a landmark building on Hillsborugh Street in Raleigh.
The newspaper reports that Young bought for $3.5 million the well-known "bulldozer" building that was occupied by the North Carolina Equipment Company for many years. The giant yellow bulldozer sign at the top of the building is a local landmark.
Although Young told the News & Observer that he was a big fan of light industrial spaces, there seemed to be no decision yet on whether the building will be torn down and a new development built from scratch or whether the building will be kept and renovated.
Young did tell the newspaper that with its proximity to NC State University, he may consider using the property as a high tech business incubator. Reportedly, Young lives in downtown Raleigh not far from the property.
Bob Young is well-known in technology circles as the founder of Red Hat, which distributes and manages Linux operating system platforms around the world. The company went public during the Dot Com era making Young and Red Hat one of few major "home-grown" tech successes in the Triangle. The publicly traded Red Hat is headquartered in Raleigh on NC State's Centennial Campus.
Currently, Young runs Lulu.com, which offers online self-publishing help for book authors and now has even branched into videos and music. That company continues to grow in offices in Morrisville. Young's wife runs Needlepoint.com which is located in Raleigh in Cameron Village, according to the News & Observer. ::
VIDEO: Watch a 2002 video interview with Bob Young after his Lulu TechCircus event in Raleigh from RTP-TV.
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::Red Hat's Bob Young Gets Into Real Estate
From Raleigh Chronicle Staff & Wire Reports Friday June 8, 2007
RALEIGH - According to an article in the News & Observer newspaper, Bob Young, the founder of the large Red Hat software firm, has branched off into real estate development with his purchase of a landmark building on Hillsborugh Street in Raleigh.
The newspaper reports that Young bought for $3.5 million the well-known "bulldozer" building that was occupied by the North Carolina Equipment Company for many years. The giant yellow bulldozer sign at the top of the building is a local landmark.
Although Young told the News & Observer that he was a big fan of light industrial spaces, there seemed to be no decision yet on whether the building will be torn down and a new development built from scratch or whether the building will be kept and renovated.
Young did tell the newspaper that with its proximity to NC State University, he may consider using the property as a high tech business incubator. Reportedly, Young lives in downtown Raleigh not far from the property.
Bob Young is well-known in technology circles as the founder of Red Hat, which distributes and manages Linux operating system platforms around the world. The company went public during the Dot Com era making Young and Red Hat one of few major "home-grown" tech successes in the Triangle. The publicly traded Red Hat is headquartered in Raleigh on NC State's Centennial Campus.
Currently, Young runs Lulu.com, which offers online self-publishing help for book authors and now has even branched into videos and music. That company continues to grow in offices in Morrisville. Young's wife runs Needlepoint.com which is located in Raleigh in Cameron Village, according to the News & Observer. ::
VIDEO: Watch a 2002 video interview with Bob Young after his Lulu TechCircus event in Raleigh from RTP-TV.
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Published Tuesday - Friday Raleigh's Locally Owned & Operated Newspaper |
Serving Raleigh, NC: The State Capital & City Of Oaks |
::Red Hat's Bob Young Gets Into Real Estate
The News & Observer newspaper reports that Bob Young (below) bought for $3.5 million the well-known "bulldozer" building that was occupied by the North Carolina Equipment Company for many years. The giant yellow bulldozer sign at the top of the building is a local landmark.
Photos By The Raleigh Chronicle / RTPTV (below) |
Raleigh Business Directory !!NEW!! ATTORNEY
BAKERY / DELI Conti's Italian Market :: Italian Specialties ! :: 836-8368
BARS / CLUBS Amra's :: Live Music, Spirits, Stogies :: Glenwood South
BEAUTY SALONS
COMPUTERS Bronto :: E-Mail Marketing Software
DENTIST Howard Shareff, DDS :: We Cater To Cowards! :: 834-1432
ENTERTAINMENT
GIFTS
MAGAZINES
MEDICINE
OUTDOORS
REAL ESTATE
RESTAURANTS |





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