Charlotte
Q4 Retail Report: Ongoing Consumer Spending Drives Metrics
According to the U.S. Census Bureau, its just-released (preliminary) Advance Monthly Sales for Retail and Food Services totaled $700.3 billion… Read more
Kairoi Committing $500M to Charlotte Projects
Kairoi Residential is expecting to invest $500 million on projects in Charlotte. So far, the company has a handful of… Read more
URS Buys Charlotte Property, Assumes Loan
Napali Capital sold Residences at Belmont, a 176-unit garden-style multifamily property located in Belmont, N.C., to URS Capital. URS Capital… Read more
Big V Property Group Acquires Shopping Center in IN
Big V Property Group, along with the firm’s partner, Equity Street Capital, has acquired Merchants’ Square located in Carmel, Indiana.… Read more
Cambridge Properties Bringing New Life to Aging Charlotte Center
Cambridge Properties plans to knock down a shuttered Kohl’s department store in Charlotte and build a 300-unit apartment project along… Read more
Charlotte Tower Revamp Complete
Crescent and Nuveen jointly purchased the 20-story One Independence highrise in Charlotte in 2019 for $132 million. Since then, they’ve… Read more
Chicago Apartments Close to Bally’s Casino Site Sell for $42M
An apartment building near the planned Bally’s casino traded at a 26 percent loss for the seller late last year.… Read more
CIP Real Estate Receives $300M Allocation from Almanac
Irvine-based CIP Real Estate received a second $300-million capital allocation from its institutional investment partner, Almanac Realty Investors, a business… Read more
Duke Buys Rental Community for Student Housing
Duke University paid an apartment owner $43 million to take over the Blue Light Living apartments. The school will add… Read more
Charlotte’s B of A Warns At-Home Workers
In what must be considered a positive omen for office building investors, Charlotte-based Bank of America Corp., America’s second-largest bank,… Read more
Report: Renters’ Interstate Migration Patterns Settle Down
During the pandemic and its aftermath, America’s residential renters fled crowded cities to more affordable and less densely populated areas.… Read more
Providence Group Opens Raleigh Office
The Providence Group is adding a new office in Raleigh, North Carolina and welcomes two seasoned Raleigh-based brokers, Reagan Crabtree… Read more
Blackstone Taking Tricon Residential Private
Blackstone and Toronto-based Tricon Residential Inc. said Friday they had entered an agreement under which Blackstone Real Estate Partners X… Read more
Phoenix Industrial Sector Leads Nation
Phoenix continues to lead the nation in industrial deliveries through Q4 2023. In Q4, the Valley delivered over 8.8 million… Read more
Fortius Given OK for $125M Charlotte-Area Business Park
Fortius Capital Partners has been green-lighted by the City of Concord to build a 1.3 million square foot industrial project.… Read more
Subtext Launches Acquisitions Vertical, Appoints Mike Hung as EVP
Subtext, an integrated real estate development company, has launched a new acquisitions vertical. The company has also appointed Mike Hung to spearhead… Read more
Stonecutter Sells Charlotte Rental Asset for $30M
Northmarq represented the seller of The Park at Fenentino, an affordable rental community in Charlotte. A team led by Andrea… Read more
Anchor Health JV Pays $62M for Medical Office Portfolio
In a joint venture with Australian Retirement Trust, Anchor Health Properties has acquired a three-property medical office portfolio in the… Read more
Berkadia Secures Financing for Charlotte Hotel
Berkadia secured financing for the WoodSpring Suites Charlotte – University Research Park, a 122-key, extended-stay hotel in Charlotte, North Carolina.… Read more