North Carolina
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
Mohr Partners Adds Marona to Lead New Seattle Office
Mohr Partners, Inc., a global corporate real estate advisory and outsourcing services firm, has continued its U.S. expansion by adding… Read more
Jamestown Granted Approval for Major Addition to Birkdale Village
The $200 million plan to add significant new development to Birkdale Village has received a critical approval. The Charlotte Business… Read more
Raleigh Student Housing Project Trades for $44.35M
Timberline Real Estate Ventures bought The Wilde student apartments in Raleigh for $44.35 million. The seller, Cardinal Group, acquired the… Read more
Raleigh Tower Acquired by Highwoods
Highwoods Properties a publicly traded REIT, acquired Advance Auto Parts Tower, a 20-story highrise. Lionstone Investments, who developed the building… Read more
Rise48 Adds to Charlotte Portfolio
Arizona-based Rise48 is finding success in Raleigh. Less than a year after entering the market, the company made its third… Read more
AVR Spins Off Two Atlanta Hotels
AVR Realty and investor partner Dimension Hospitality unloaded two Marriott-branded hotels near Truist Park for $66 million. The sale includes… Read more
Data Center Supply Surges with AI and Digital Services Demand
North America’s data center sector doubled the amount of supply under construction in 2024 from the previous year to a record 6,350.1 megawatts… Read more
Northwood Ravin Delivers “Multiple Choice” Charlotte-Area Rental Units
Multifamily developer Northwood Ravin has something for everyone just outside Charlotte. The Lodges at Fort Mill, a 261-unit rental community… Read more