North Carolina
Hurricanes Building $1B Sports and Entertainment District
The NHL Carolina Hurricanes have been granted approval by the Raleigh City Council to develop a sports and entertainment center… Read more
Developer Trio Proceeding with Brooklyn Village Affordable Apartments
BK Partners is moving ahead on its affordable housing project in Brooklyn Village in Charlotte. The Charlotte Business Journal reports… Read more
Winn Transforms Charlotte-Area Mill into Affordable Apartments
WinnCompanies completed its first-ever adaptive reuse project in North Carolina, a $36 million development that created 139 affordable apartments in… Read more
Brookfield Properties Takes On 349-Unit Charlotte Rental Community
Brookfield Properties acquired a Charlotte multifamily community, Beacon Hill, for $43 million. Completed in 1986, the 349-unit Beacon Hill apartments… Read more
Asana Adds to Tampa Portfolio
Asana Partners has purchased a Carrollwood retail center for $36 million. CPI Limited was the seller. The Tampa Bay Business… 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
5 Property, 652K-SF Industrial Portfolio Trades in Charlotte, Raleigh-Durham
LM Real Estate Partners has sold a five-building, 652,647-square-foot industrial portfolio in Charlotte and Raleigh-Durham to the Lightstone Group. Earlier… Read more
NE Raleigh Retail Center Trades for Nearly $30M
Triangle Town Place, a 14.4-acre property at 3630 Sumner Blvd. in Northeast Raleigh, was sold for $29.55 million. RCG Ventures… Read more
First Offer Comes In on Distressed Charlotte Office Asset
Charlotte’s 400 South Tryon is being auctioned off. So far, the 32-story tower has only received one offer, at $36… Read more
Duke Health Acquires Lake Norman Hospital for $284M
Duke Health has finalized a $284 million acquisition of Lake Norman Regional Medical Center (LNRMC) and related businesses in Mooresville,… Read more
Crosland Advancing on Charlotte Mixed-Use Project
Crosland Southeast will break ground this fall on a 400-unit apartment complex at The Exchange at Indian Land. The Charlotte… Read more
Ballantyne Office Building Seller Shooting for $72M
SPX Flow tapped commercial real estate brokerage JLL to market Ballantyne Tower, a nine-story, 240,000-square-foot Class A building at 13320 Ballantyne Corporate… Read more
JP Morgan REIT Adds Two SE Rental Assets
J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) acquired two multifamily communities: The Preserve at Pine Valley in Wilmington, NC and Bass Lofts in Atlanta,… Read more
Peak Receives Thumbs Up for Charlotte Mixed-Use Project
Peak Development has been given the go-ahead to develop a mixed-use project in Huntersville. The 21.3-acre site at 17220 Old… Read more
Johnson & Johnson Building $2B Wilson Pharmaceutical Plant
Johnson & Johnson has begun construction of a 500,000-square-foot biologics manufacturing facility in Wilson, North Carolina, about 50 miles outside… Read more
BTR Construction Heavily Concentrated in 14 U.S. Submarkets
Although build-to-rent (BTR) construction remains elevated across the U.S., some submarkets are gaining much more of this stock than others,… Read more
Charlotte Group Building 290-Unit Affordable Apartment Project
Historic West End Partners has amassed several parcels on West Trade Street, allowing the company to pursue a mixed-use development… Read more
StoneRiver Acquires Burlington Apartments for $66.9M
StoneRiver Co. purchased the 288-unit 198 Milltown Apartments from Zimmerman Development Co. for $66.9 million. Caleb Troop and Thomas Colaiezzi… Read more
McCraney Building $45M Concord Warehouse Park
McCraney Property Co. is building a $45 million industrial park in Concord. Called Concord Gateway, the 55-acre site is just… Read more