High Point
CMBS Special Servicing Rate Reverses May’s Monthly Decline
The Trepp CMBS special servicing rate increased by 34 basis points in June to 11.20%, reversing May’s decline. Special servicing… Read more
Browns Summit HVAC Company Pays $56.7M for Manufacturing Plant
Environmental Air Systems (EAS) purchased its manufacturing facility in Browns Summit for $56.74 million. The Triad Business Journal reports EAS… Read more
KBS Sells Nearly 500K-SF Charlotte Industrial Park
KBS sold Crossroads Distribution Center to Link Logistics for nearly $81.2 million. The four-building, 496,723-square-foot park is 100% leased. The… Read more
The Keith Corp. Building 244K-SF Spec Warehouse
The Keith Corp. is planning to build a 244,000-square-foot industrial building in Mebane. The site is off Interstate 40-85 on… Read more
Dalfen Spins Off High Point Life Science Building
Starwood Property Trust purchased the 107,408-square-foot High Point Clinical Trial building at 4160 Mendenhall Oaks Parkway from Dalfen Industrial for $12.5 million.… Read more
8-Story High Point Office Building Converting to Apartments
Echelon Resources Inc. and LBD Investments are taking over Showplace West/One Plaza Centerin High Point, North Carolina to redevelop it… 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
Leasing Veteran Drew Netherton Joins Cresa in OC
Drew Netherton has joined Cresa as a principal with its Orange County office. An industry veteran and native of Southern California,… Read more
JV Developing 185-Acre Industrial Park in High Point, NC
The Keith Corporation and IDM Ventures have formed a joint venture to develop South Point Commerce Center, a 185-acre eight-building… Read more
Founders Properties Takes 325K-SF Class A Logistics Facility in High Point
Real estate investment company Founders Properties, LLC has purchased a Class A industrial facility totaling 324,650 square feet at 210… Read more
Marcus & Millichap Arranges $24M Sale of North Carolina Retail Center
Marcus & Millichap has arranged the $23.5 million sale of the High Point Harris Teeter Center, a 192,548-square-foot shopping center… Read more
Bauman & Co. Acquires 34K-SF Medical Office Building in North Carolina
Atlanta-based Bauman & Co. has acquired a medical office building in High Point, NC in an all-cash transaction. The sales… Read more
Bellwether Enterprise Secures $115M Acquisition Financing for Affordable Housing Portfolio in Southeast
Bellwether Enterprise Real Estate Capital secured $115 million in financing for the acquisition of 12 affordable housing properties in South… Read more
Blackstone’s IMC Merging with AmericasMart
International Market Centers (IMC) and AmericasMart plan to join together to form the world’s largest owner and operator of showroom… Read more
Blackstone Finalizes IMC Acquisition
Funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities completed the acquisition of International Market Centers, Inc. (IMC)… Read more