North Carolina
KKR Makes Massive $2.1 Billion Bet on U.S. Apartment Market
Investment firm KKR has made its largest foray into multifamily to date, acquiring more than 5,200 apartments from Quarterra Multifamily,… Read more
Raleigh Developer Exploring 700-Unit Rental Community
The Halle Companies is looking to rezone about 20 acres at 5009 Louisburg Road in Northeast Raleigh to develop a… Read more
Constellation Inks $27M Construction Loan for Charlotte Warehouse
Constellation Real Estate Partners has obtained a $27 million construction loan to build a 374,000-square-foot speculative warehouse in Charlotte. Located… Read more
Core Spaces Opens New BTR Community in Nashville
Chicago-based Core Spaces, a residential real estate developer, owner and operator, is now leasing at Oxenfree WeHo, a new rental… Read more
RangeWater Debuts Another Charlotte Rental Community
Renters can start moving into The Kendry, RangeWater Real Estate’s latest multifamily community, located at 8402 IBM Drive in Charlotte.… Read more
Charlotte Okays $650M for Panthers Stadium Upgrades
Charlotte City Council approved $650 million in public funds for renovations of Bank of America Stadium. The proposed renovation projects… Read more
Providence Group Closes 4 Major SE Lease Deals
Charlotte-based The Providence Group completed four retail lease transactions totaling nearly 100,000 square feet across the Carolinas. The activity includes… Read more
Apple Hospitality REIT Buys Embassy Suites in Madison for $79.5M
Apple Hospitality REIT, Inc. announced the opening and acquisition of the 262-room Embassy Suites by Hilton Madison Downtown in Wisconsin… Read more
Appalachian State Student Housing Trades for $91M
Mapletree Investments has sold The Cottages of Boone, an 894-bed student housing community two miles from Appalachian State, in Boone,… Read more
SRS Scores on Pricing, Cap Rates with Multiple 7-Eleven Sales
The Newport Beach-based SRS Real Estate Partners Capital Markets team has sold a total of 33 7-Eleven-occupied properties over the… Read more
Constellation Building 374K-SF Charlotte Warehouse
Constellation Real Estate Partners will soon start work on a 374,000-square-foot speculative industrial building in Charlotte. The Charlotte Business Journal… Read more
GoodHomes Eyeing 3 Triad Hotel Conversions
GoodHomes Communities is looking for more…more underperforming hotels to turn into apartments in the Greensboro, Winston-Salem, and High Point area.… Read more
Pharma Company Building $530M NC Plant
Pharmaceutical company Kyowa Kirin plans to invest up to $530 million to build a new manufacturing facility in Sanford, North Carolina. The 171,700-square-foot,… Read more
Mixed-Use Project Planned Near Old Raleigh Train Depot
The site where the Downtown Raleigh train station once stood has been rezoned and is primed for redevelopment. North Carolina… Read more
Hoffman & Associates Appoints New CEO
Hoffman & Associates has appointed Brian Dawson as its new Chief Executive Officer. Mark Dorigan, who previously served as Hoffman & Associates’ Chief… Read more
Entertainment-Centered Cary Retail Center Flips for $30M
Cary’s MacGregor Village shopping center has been acquired by the investor trio of Blue Ridge Capital Fund, AB&B Commercial Real… Read more
Chicago/Midwest People & Company News, week of June 3, 2024
JLL has hired Kristen Vosmaer as a managing director for its growing Data Center Work Dynamics business. In this role,… Read more
Trammell Crow Expanding into Charlotte
Trammell Crow Company (TCC) is expanding into Charlotte and is hiring Tom Burr as Senior Vice President. In this role,… Read more