North Carolina
AMAC Scores Refi on Lewisville Apartments
Affinius Capital closed on a $34 million loan to AMAC Development to refinance Main & Mill Apartments, a newly delivered… Read more
KHP Reveals Timetable for Charlotte Office-to-Hotel Conversion
KHP Capital Partners is planning to convert the historic Johnston Building into a 245-room hotel with a fine-dining restaurant and… Read more
Westwood Financial Adds Retail Center to Growing Charlotte Portfolio
Westwood Financial acquired Eastway Square, a 130,156-square-foot grocery-anchored neighborhood center in Charlotte. In addition to Eastway Square, Westwood Financial owns… Read more
Penzance Acquires 380-Unit Residential Property in Charlotte
Penzance, along with partner TriWest Multifamily, completed the off-market acquisition of Stoney Trace Apartments, a 380-unit multifamily community in Charlotte,… Read more
Long-Running NC Beach Resort Gets New Look, Name
A Wrightsville Beach hotel that’s been open since 1964 has been given a full makeover and a new name. The… Read more
Developer Trio Eyeing Huntersville Mixed-Use Project
A high-profile trio of developers is trying to convince a Charlotte-area local governing board to okay a significant zoning request.… Read more
Penzance Picks Up Charlotte Apartments for $59.8M
Penzance, along with its partner TriWest Multifamily, acquired Stoney Trace Apartments, a 380-unit multifamily community in Charlotte. Penzance purchased Stoney… Read more
Crescent Helming 400-Unit Durham Apartment Project
Crescent Communities started construction on a 400-unit multifamily project in Durham’s University Hill neighborhood. Kyuden Urban Development and NEC Capital Solutions… Read more
341-Unit Charlotte Rental Community Taking Tenants
Flournoy Development Group has wrapped up construction on the 341-unit, mixed-use community Ellison Mallard Creek in Charlotte. The community is… Read more
Blue Heron Spins Off Lake Norman Apartments
Blue Heron Asset Management sold The Linden Apartments to Continental Realty (CRC) for $49.5 million. Blue Heron paid $28.5 million… Read more
Dominium Hoping to Turn Raleigh Golf Holes into Affordable Housing
Dominium is hoping to take over some of a golf course property owned by the Raleigh Golf Association golf course… Read more
Charlotte Developer Gets Go-Ahead for Office Conversion
Childress Klein has been greenlighted to convert a Charlotte office complex into a mixed-use project. The company was granted a… Read more
SkyREM Obtains $170M Refi of 10-Building Industrial Portfolio
JLL Capital Markets said Tuesday it had arranged $170 million in financing for the SkyREM Industrial Portfolio, a 10-building collection of primarily industrial… Read more
Hines-Led Team Inks Refi for Cary Mixed-Use Project
Hines, Affinius Capital and Columbia Development have secured a $191 million senior mortgage for Fenton, a 92-acre mixed-use district in… Read more
Once-Planned Rock Hill Chip Plant for Sale/Lease
Not long ago, Pallidus had plans to build a $443 million semiconductor plant in Rock Hill. The company was eyeing… Read more
Foreclosed-On Burlington Shopping Center Trades for $38.5M
A judge approved the sale of Alamance Crossing, an 855,000-square-foot shopping center in Burlington, to Real Capital Solutions for $38.5… Read more
Multifamily Ends 2024 on the Downswing
Yardi Matrix’s December Multifamily Report pointed out a couple of things: Or, as Yardi Matrix’s Manager of Business Intelligence Doug… Read more
Battered Northlake Mall Sells for $39M
Northlake Mall opened in 1971, and like most malls from that era, few are still open as designed. Online shopping… Read more