North Carolina
JV Delivers 288-Unit Raleigh Rental Project
A joint venture between Origin Investments, Spandrel Development Partners, and Capital City Urban Development has completed the first phase of… Read more
Towers at SouthPark Debut $20M Revamp
One of the area’s most prominent office buildings has received a $20 million facelift. Crestlight Capital delivered this week on… Read more
Lion Expands Nashville Apartment Portfolio
Lion Real Estate Group acquired Bradford Woods, a 312-unit multifamily property in Nashville. The latest purchase increases the company’s stake… Read more
Highly Rated Raleigh Assisted Living Community Sells for $26.2M
Focus Healthcare Partners acquired Treeo Senior Living for $26.2 million. Columbia Pacific Advisors was the seller. The Triangle Business Journal… Read more
Royal Farms to Expand with Gas Station, Convenience Store in Greenbelt
Royal Farms, a privately owned chain of convenience stores headquartered in Baltimore, plans to open a new location in the… Read more
Peak Construction Continues Expansion, Moves Into FL
Peak Construction Corporation has received its General Contractor’s license in the state of Florida, marking another move in the company’s… Read more
Commercial Real Estate is . . . People
When seeking out the best commercial real estate opportunities, investors examine many factors. These include pro formas, supply, market and… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more
Childress Klein Seeks Zoning for Charlotte Mixed-Use Project
Childress Klein is asking the city of Charlotte to rezone a 213,000 square foot office property at 2101 Rexford Road so… Read more
Affordable Housing Venture Opens in Charlotte
The Paces Foundation and Soho Housing Partners opened The Legacy at Carr Heights Senior Apartments, a 120-unit affordable senior housing… Read more
Raleigh Mixed-Use Highrise to Open in Early 2025
Capital Square will open its 20-story mixed-use building at the corner of Dawson and Lenoir streets near Red Hat Amphitheater in February… Read more
Charlotte Mixed-Use Project to Feature Sprouts as Anchor
A Sprouts Farmers Market Inc. will soon open at the base of a 383-unit apartment complex in Charlotte. The project… Read more
Fresh Market Expands Metro DC Presence with Two New Locations
Speciality food retailer The Fresh Market, Inc. is expanding within the metro Washington, DC market. Earlier this month, the Greensboro-based retailer… Read more
Standard Acquires Shelby Affordable Community
Standard Communities headed a group of partners that picked up a 100% affordable multifamily project in Shelby, NC. The company… Read more
Vista Building 277-Unit Holly Springs Project
Vista Residential Partners has broken ground on 11.7 acres on the corner of N. Main Street and Holly Springs Road… Read more
Developer Duo Begins Redevelopment of Former Duke Energy Building
The former Duke Energy building in downtown Charlotte is going down. It needs to be demolished so Asana Partners and… Read more
U.S. Multifamily Permits Down Nearly 30% from Pandemic Levels
Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. year to date, down… Read more
Fairfield Expanding Charlotte Apartment Portfolio
Fairfield Residential, along with Griffin Capital, started building 2300 North Tryon, a 307-unit, five-story apartment community north of uptown Charlotte.… Read more