Durham
Highwoods Collects $80M for Raleigh MOB Portfolio
Highwoods sold an eight-building Raleigh medical office portfolio to two separate buyers. Evergreen Medical Properties acquired the seven buildings in… 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
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
Urban Standard Delivers Construction Loan for Durham Rental Community
Urban Standard Capital recently closed a $7.95 million, 18-month, non-recourse construction completion loan for a Class A mixed-use rental property… Read more
Publix Spends $25M on Durham Shopping Center Lot
Publix purchased land in a Durham shopping center for more than $25 million. The grocery chain purchased two lots at… Read more
Hines REIT Buys Durham IBM 500 Campus
Hines Global Income Trust, Inc. (“HGIT”) has acquired the IBM 500 Campus, a 774,000-square-foot property located at 4205 South Miami… Read more
Massive Life Sciences Campus Opens in Morrisville
A mammoth life sciences campus in Morrisville, between Raleigh and Durham, has wrapped up Phase I but is waiting on… Read more
Examining Current and Future R&D/Lab Space Trends
Life sciences/research and development real estate experienced a reset in 2023, according to JLL. Still, demand will likely rebound in… Read more
Raleigh-Area Office Sells at Auction
Sometimes, good intentions are not enough in this challenging lending environment. Despite transforming a building into a Class A office… 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
Raleigh Iron Works Innovation Hub Launches Public Art Project
New mixed-use innovation hub Raleigh Iron Works is launching a public arts initiative. The Collision Project connects creatives to site-specific… Read more
Raleigh Developer Planning Mixed Use North Hills Project
The Raleigh City Council’s approval of a rezoning request has paved the way for a new mixed use office building… Read more
Marcus & Millichap Arranges $4.6M Sale of Durham Shopping Center
Marcus & Millichap recently arranged the $4.6 million sale of Park Terrace, a 24,813-square-foot retail property located in Durham, NC.… Read more
CBRE Brokers $20.7M Sale of Fully Leased Raleigh-Durham Medical Office
CBRE announced the $20.7 million sale of a three-story 60,192-square-foot medical office building in Durham, NC. The Class A facility… Read more
Swinerton Leads Charlotte Restaurant Construction with $10M in Projects
Swinerton, the most active restaurant builder in Charlotte, has nearly $10 million of restaurant builds currently underway in the region.… Read more
CBRE: Meds and Eds Position Boston Ninth for 2023 CRE Investment
Boston has been ranked as the nation’s ninth top target for commercial real estate investment by CBRE’s 2023 U.S. Investor… Read more
IXL Learning Applies Its Smarts to HQ Lease Expansion near Research Triangle
Perimeter Park Offices, LP and tenant IXL Learning have completed an agreement that expands the latter’s existing space to 67,780… 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