North Carolina
$100M Driving Resort Planned for Robbins
A company called Autoport is under contract to purchase a 400-acre timber tract owned by Jordan Lumber where it plans to… Read more
KHP Likely to Convert 100-Year-Old Charlotte Office to Hotel
KHP Capital Partners has purchased a historic Charlotte building. The company paid $19.3 million for The Johnston Building, a 100-year-old… Read more
Report: Five Lab Sector Trends Point to Opportunity
Life sciences real estate has struggled in recent years due to falling demand, increased deliveries of space and a decline… Read more
Fortune Holdings Acquires 3 Class-C Charlotte Apartment Projects
Fortune Holdings has picked up three Class C multifamily properties in West Charlotte. Fortune paid $49.6 million for the group.… Read more
John Deere Spending $70M on Kernersville Upgrade
John Deere will invest about $70 million to build a new 380,000-square-foot factory in Kernersville, an expansion of its John… Read more
Eastgroup Pays $54M for Durham Warehouse
Publicly traded Eastgroup Properties (NYSE: TPX) announced it purchased a 275,000-square-foot newly constructed industrial property just outside Raleigh for approximately… Read more
Construction Supplier Building $83M Selma Plant
Crystal Window & Door Systems, a manufacturer of replacement and new construction windows, plans to establish manufacturing operations in Selma at… Read more
JV Delivers 23-Story, $186M Charlotte Office Building
The joint venture of Stiles and Shorenstein Properties has delivered 110 East, its newest Class A, 23-story office tower in… Read more
Durham Bottling Plant Redevelopment Advances
Ardent Companies has updated its plans for redeveloping a Durham Coca-Cola Bottling Company warehouse. The new development will include 370… Read more
RentCafe Says Adaptive Reuse on the Rise, YoY Growth is 17%
A recent article from RentCafe reported that adaptive reuse projects gained steam in 2023. Specifically, 17.6% more apartments were converted… Read more
Lion Picks Charlotte 225-Unit Value-Add Property
Lion Real Estate Group, a value-add property buyer, purchased The Apartments at Radbourne Lake, a 225-unit multifamily property in Charlotte.… Read more
CBRE Arranges $215M in Financing for LIC 417-Unit MF
CBRE has arranged a $214.5 million construction loan for Link Apartments QPN, a 417-unit high-rise multifamily development in Queens, New… Read more
Walmart Adding 600K SF to Mebane Distribution Center
Walmart plans to build a nearly 600,000-square-foot distribution center next to another that, combined, will exceed one million square feet.… Read more
Driftwood Adds Research Triangle Marriott to Portfolio
Driftwood Capital acquired the Marriott Raleigh Durham Research Triangle Park, a 225-key full-service, hotel located in North Carolina’s Research Triangle… Read more
Can Legislators Step In Against Institutional Home Buyers?
Institutional investors first stepped in to buy single-family homes after the Great Financial Crisis. Plenty of foreclosed and empty homes… Read more
Long Vacant Greensboro Lot Set for Mixed-Use Project
A one-time Greensboro car dealership may be converted into a mixed-use project that could include office, multifamily and restaurant space.… Read more
BWE Secures Financing for Midwest Affordable Housing Properties
BWE closed the three financings totaling over $31 million to finance three multifamily affordable housing properties, including two located in… Read more
Student Housing Rents Reach Record High
Preleasing at Yardi 200 schools hit 67.7% in March, exceeding last year’s pace by 2.4%, while rent growth accelerated to… Read more
Bolour Arranges Debt to Redevelop Three LA Properties into Multifamily
Bolour Associates Inc. provided more than $20 million in debt financing for the redevelopment of three Southern California retail projects. Upon… Read more