North Carolina
Development Team Inks $93M Financing for 200-Unit Raleigh Affordable Housing Venture
A public-private partnership led by Harmony Housing Affordable Development Inc. (HHAD), Gilbane Development, and F7 International Development, comprising Raleigh Community… Read more
Sanford P & Z Board Approves Rezoning for 112-Acre Mixed-Use Project
The Sanford Planning Board recommended approval for the rezoning of 112 acres. The town’s council will decide the fate of… Read more
Stonemont, PCCP Acquire $1B Industrial Portfolio from Blackstone’s Link Logistics
Stonemont and capital partner PCCP have completed the $1-billion acquisition of a 38-building portfolio of industrial assets in key Sunbelt… Read more
White Lodging Breaks Ground on Marriott-Branded Charlotte Hotel
White Lodging will break ground this month on a new Autograph Collection (Marriott) hotel in Charlotte’s South End neighborhood, marking… Read more
Colliers Closes Full-Building Lease to Beverage Distributor in Indiana
Colliers announced the lease of Velocity 74 Trade Center, located at 9201 North Frontage Road in Fairland, Indiana. Colliers |… Read more
Developer Duo Eyeing $100M Investment in Greensboro Mixed-Use Venture
Simpson Commercial Real Estate and Brown Investment Properties purchased 61.7 acres near Toyota’s $14 billion battery manufacturing facility (shown), with… Read more
Newmark Arranges Sale, Financing for Charlotte Affordable Rental Community
Ascent Housing paid $28.8 million for a 140-unit affordable multifamily community in Charlotte. To help fund the deal, the company… Read more
Lenovo Spending $145M on Greensboro-Area Plant Expansion
Lenovo opened its new smart campus in Whitsett for everyone to see. The new campus is located near Lenovo’s fulfillment… Read more
Hines Trust Acquires Historic Charlotte Design Center
Hines Global Income Trust acquired the Design Center of the Carolinas from Asana Partners for $170 million. Once the Nebel… Read more
Charlotte Warehouse Investor Pays $41.4M for 4-Building Portfolio
Adler Real Estate Partners acquired four industrial assets in Arrowridge Business Park for $41.4 million. BankUnited provided a $25.6 million… Read more
Raleigh Developer to Start Work on 269-Unit Rental Community
Blue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called… Read more
Apartment Developer Pursuing Phillips Place for Multifamily Community
Mid-America Apartment Communities is seeking a zoning change to build a 275-unit apartment complex and 15,000 square feet of commercial… Read more
Life Sciences Employers Consider Areas Beyond Established Biopharm Hubs
In the labor market, life sciences hubs continue to rely on talent to drive innovation. According to Cushman & Wakefield’s… Read more
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
LBA Logistics Acquires 350K-SF Forsyth County Warehouse Pair
LBA Logistics recently purchased two industrial properties in the Union Cross Industrial Park near Winston-Salem for $38.16 million. The seller… Read more
Charlotte’s Spectrum Companies Purchased by Lincoln Property Company
Dallas-based Lincoln Property Company (“Lincoln”), a global full-service real estate firm, acquired The Spectrum Companies (“Spectrum”), a Charlotte-based, full-service real… Read more
Turnbridge Eyeing Raleigh for Another Residential Tower
Turnbridge Equities is pursuing permission from the City of Raleigh to build a 20-story tower and single-story retail building near Nash Square.… Read more
Ascendant Capital Partners Acquires Virginia Hotel Portfolio
Ascendant Capital Partners has acquired an eight-hotel portfolio from Coastal Hospitality Associates, LLC. The Portfolio comprises 965 predominantly beachfront rooms… Read more