Burlington
Blue Ridge Offloads 384-Unit Jax Apartment Community
Blue Ridge sold the Reserve at Jacksonville Commons apartment complex in Jacksonville for $54 million. The buyer was Southwood Realty.… Read more
Evolve Obtains Construction Loan for 210-Unit Burlington Rental Community
Northmarq Debt + Equity team led by Chris Hammel arranged the $38 million new construction financing for Evolve Crossing, a 210-unit, Class A… Read more
Carter Exchange Offloads 249-Unit Burlington Apartment Community
Grimley Capital paid $48 million for the Retreat at the Park, a 249-unit, garden-style community in Burlington, NC. Carter Exchange… Read more
Supermarket Giant to Lease $475M Burlington Distribution Center
Ahold Delhaize USA, the owner of the Food Lion chain, will lease a highly automated grocery distribution center in Burlington,… Read more
Food Lion Building $860M Burlington Distribution Center
Food Lion’s parent company is building an $860 million distribution center on N.C. 61, approximately one mile south of Interstate… Read more
Trepp: Volume of CMBS Loan Losses Rises in April
The volume of CMBS loan losses increased slightly in April, although the average loss severity declined, reported Trepp. The 12-month… Read more
Lamar, Real Capital Pick Up 456K-SF Burlington Retail Center
Real Capital Solutions and Lamar Companies acquired Alamance Crossing, a 456,742-square-foot regional open-air lifestyle center in Burlington, NC. Alamance Crossing… Read more
StoneRiver Acquires Burlington Apartments for $66.9M
StoneRiver Co. purchased the 288-unit 198 Milltown Apartments from Zimmerman Development Co. for $66.9 million. Caleb Troop and Thomas Colaiezzi… Read more
Foreclosed-On Burlington Shopping Center Trades for $38.5M
A judge approved the sale of Alamance Crossing, an 855,000-square-foot shopping center in Burlington, to Real Capital Solutions for $38.5… Read more
AW Spends $55.2M on 9-Property NC Medical Portfolio
AW Properties obtained $55.2 million in financing for a nine-property medical portfolio totaling 297,500 square feet in Burlington, Durham and… Read more
GoodHomes Eyeing 3 Triad Hotel Conversions
GoodHomes Communities is looking for more…more underperforming hotels to turn into apartments in the Greensboro, Winston-Salem, and High Point area.… Read more
GoodHomes Converting Triad Hotel to Apartments
Forman Capital provided a $9.41 million construction loan to a developer who will convert a vacant hotel into an apartment… Read more
NC Triad Posts Positive Q3 Office Stats Despite Overall Cooling
Mirroring the national trend, rent growth in the North Carolina Triad (Burlington, Greensboro, and Winston-Salem) has cooled since the onset… Read more
Morgan Cos. to Develop Publix-Anchored Shopping Center in Burlington
The Morgan Cos. has announced plans for a new Publix-anchored shopping center located in Burlington, N.C. The firm acquired the… Read more
Berkadia Arranges $24M Sale of North Carolina MF Property
Berkadia has arranged the $24-million sale of Hawthorne at Forestdale, a 234-unit, garden-style apartment community in Burlington, NC. Located at… Read more