North Carolina
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
Gindi Sells Off Forsyth County Apartment Community
Gindi Equities sold the Lindsey Manor Apartments, a 222-unit multifamily community at 472 Lindsey Street in Kernersville, North Carolina, for… Read more
NEIP Acquires Charlotte Highrise Office Building
IPA Capital Markets (a division of Marcus & Millichap (NYSE: MMI)) and Green Harbor Capital secured $18 million in financing for the $32 million… Read more
PMT Unloads Steele Creek Shopping Center
PMT Partners sold York Ridge Shopping Center in the Steele Creek area of Charlotte for $16.9 million. Old York LLC… Read more
Raleigh Apartment Investor Defaults on Loan, Forced to Sell
The Brentmoor Apartments, located at 2080 Brentmoor Drive just outside the Beltline, sold for $45.6 million after the former owner,… Read more
ExCap Picks Up Charlotte Rental Asset for $54.7M
Mesirow sold a 216-unit Charlotte apartment community to Expedition Capital Advisors (ExCap) for $54.7 million. Northmarq’s Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff… Read more
NASCAR Race Team Building Concord Manufacturing Plant
Hendrick Motorsports is proposing a $35 million investment to develop a 260,000-square-foot manufacturing facility adjacent to its Concord campus. The… Read more
Charlotte Tower Sells at Deep Discount
New England Investment Properties purchased the 342,162-square-foot 121 W. Trade Street building for $32 million. The Charlotte Business Journal reports… Read more
U.S. Apartment Rent Growth Eases to 1% in Q4 2024
National year-over-year asking rent growth eased to 1.0% in December 2024 compared to 1.1% at the end of September 2024,… Read more
MDH Completes 700K-SF Charlotte Industrial Center
MDH Partners recently wrapped up work on the Northcross Commerce Center Phase II in the Huntersville neighborhood of Charlotte. Phase… Read more
Developer Trio Teaming Up on $500M Charlotte Development
Levine Properties, Northwood Ravin and Horizon Development Properties are working together on a $500 million redevelopment of the former Providence Square… Read more