Chapel Hill
Hawthorne Pays Nearly $61M for Cary Apartments
Hawthorne Residential Partners agreed to terms with DRA Advisors on the sale of The Hawthorne at the Parkway, a 247-unit… Read more
Chapel Hill Investor Inks Innovation Hub Refinancing
Grubb Properties obtained a $26 million bridge loan to refinance Chapel Hill’s Innovation Hub, a newly renovated 122,000-square-foot mixed-use development… Read more
Hines-Led Team Inks Refi for Cary Mixed-Use Project
Hines, Affinius Capital and Columbia Development have secured a $191 million senior mortgage for Fenton, a 92-acre mixed-use district in… Read more
Investor Secures $34.3M for Research Triangle Apartments
Madison Capital Group has closed $34.3 million in financing for the development of Madison Aquiline, a luxury garden-style multifamily community in… Read more
Hilton Acquires Graduate Hotels for $210M
Hilton has announced the acquisition of the Graduate Hotels brand from Adventurous Journeys Capital Partners (“AJ Capital”) for $210 million.… Read more
Bell Partners Profits Off Chapel Hill Property, Twice
Mesirow Financial acquired the Bell Meadowmont apartments in Chapel Hill for $83.6 million. The financial services firm bought the complex… Read more
Thorofare Arranges $25M Loan for NC Mixed-Use Project
Thorofare Capital arranged a $25,035,000 loan to Grubb Properties for the financing and lease-up of a two-building, 121,000 aggregate-square-foot, mixed-use… Read more
Hub RTP Developer Wants Leases Before Building
Sometimes, trying times demand some caution. A 265,000-square-foot building set for the massive Hub RTP development won’t go vertical until… Read more
King Properties Pays $84.75M for New Durham Apartments
A Marcus & Millichap team led by John Daly represented the buyer, King Properties. Kelby Farms, a partially completed 277-unit… Read more
Chapel Hill Gets First Climate-Controlled Self-Storage
Charlotte-based developer Proffitt Dixon Partners has announced the opening of Carraway Self Storage at 500 Myrica Street, Chapel Hill’s first… Read more
Michael Zimmerman Joins Northmarq as VP in Net Lease Investment Sales
Northmarq’s investment sales team has brought on Michael Zimmerman as vice president – commercial investment sales. Zimmerman specializes in the… Read more
Perseus TDC Hires Toby Millman as Regional Partner, Mid-Atlantic
Perseus TDC, the Mid-Atlantic regional office of Transwestern Development Company, has hired Toby Millman as Regional Partner. Based in Washington,… Read more
Rosewood Property Company Lays Out $25M for Chapel Hill Self-Storage Facility
Rosewood Property Company, a Dallas, TX-based real estate investment vehicle for The Rosewood Corporation, has acquired an 814-unit, 76,051-square-foot Extra… Read more
Ashcroft Capital Enters NC with Purchase of 248-Unit Multifamily in Chapel Hill
Ashcroft Capital has acquired The Apartments at Midtown 501, a 248-unit garden-style community in Chapel Hill, NC. The transaction marks… Read more
Eller Capital Partners and DRA Advisors Sell $100M Carolinas Multifamily Portfolio
Chapel Hill, NC-based private equity real estate investment firm Eller Capital Partners, in partnership with a fund managed by DRA… Read more
Grubb Properties to Start $51M Multifamily in Chapel Hill’s Glen Lennox
Grubb Properties has secured $50.6 million in construction financing for the development of Link Apartments Calyx, a multifamily property in… Read more
Magma Erupts in NC with $222M in 2022 Acquisitions; Latest is $18M Lincolnton Multifam
Magma Equities — in joint venture with Chapel Hill, NC-based Prudent Growth Partners — has acquired The Oaks Apartment Homes,… Read more
Aventon Begins Construction on 293-Unit Apartment Community in Cary
Raleigh, NC-based Aventon Companies has broken ground on its second apartment community within the Raleigh-Durham-Chapel Hill metro. Aventon Kit Creek,… Read more
Mega Mixed-Use Near RTP to Build on Wellness, Innovation, Connection
A 225-acre site in the Raleigh submarket of Garner, NC is slated to become a destination named E District that… Read more