North Carolina
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
BWE Obtains Refis for Two SE Rental Communities
BWE has secured two loans totaling $70.9 million to refinance Accent Southrail, a 304-unit, mid-rise multifamily development in Charlotte, NC… Read more
$45M Greensboro Park Deck to Serve Downtown Users, Hotel
The new February One Park Deck, at 110 S. Davie St., is now open and accepting hourly and monthly parkers.… Read more
Work Underway on Charlotte Mixed-Age, Mixed-Income Apartments
Multifamily residential developer Laurel Street started work on Springhouse Square, a new mixed-income, multi-generational apartment development located at 3800 Shamrock… Read more
$700M NC Tribal Casino Begins Construction
The Catawba Nation will break ground on a new $700 million casino complex, Two Kings Casino Resort, in Kings Mountain,… Read more
B of A Consolidating in Charlotte
Bank of America Corp is leaving its space in Fifth Third Center at 201 N. Tryon St., where it occupies… Read more
Managing Climate-Change Insurance Costs
It’s not exactly news that the United States (or the world) has been in the grip of climate-change-driven weather hazards.… Read more
The Ongoing Evolution of American Cities
Consider Manhattan. Once a quaint Dutch village, the city today boasts mile after mile of high-rise buildings, crowded streets and… Read more
Ross Corrals $45M in Government Aid for NC Distribution Center
Ross Dress for Less has been assured $45 million in government incentives should it build a 1.7 million-square-foot distribution center… Read more
KBS Scores Refi for 500K-SF Charlotte Business Park
KBS has secured a $38 million loan to refinance Crossroads Distribution Center, a four-building, 496,723-square-foot industrial property in Charlotte, North Carolina.… Read more
Former Charlotte Tire Plant Sells for $97M
LM Real Estate Partners has acquired Premier Distribution Center, an almost 1.4 million-square-foot industrial facility in Charlotte, N.C., for $97… Read more
Wigeon Capital Sells 3 Raleigh-Area Warehouses for $47M
Wigeon Capital has sold Greenfield 27, a three-building, 260,000-square-foot Class A industrial park in Garner, N.C., for a combined $47.3… Read more
Charlotte’s Trinity Partners Buys Atlanta’s APG Real Estate Services
Trinity Partners, a full-service commercial real estate firm headquartered in Charlotte, North Carolina, is establishing operations in Atlanta with the acquisition… Read more
Charlotte BTR Units Convert to Platted Homes
Tower Capital helped arrange a $19 million loan to refinance 99 townhomes developed in the first phase of Poplin Glen,… Read more