North Carolina
20-Story Tower Planned for Raleigh’s The Weld
The second phase of Raleigh’s The Weld near Dix Park will consist of a 20-story tower with 525 apartment units.… Read more
Blackstone Taking Tricon Residential Private
Blackstone and Toronto-based Tricon Residential Inc. said Friday they had entered an agreement under which Blackstone Real Estate Partners X… Read more
Phoenix Industrial Sector Leads Nation
Phoenix continues to lead the nation in industrial deliveries through Q4 2023. In Q4, the Valley delivered over 8.8 million… Read more
Equus Pays $220M for Six-Property MF Portfolio
Equus Capital Partners, Ltd. said Thursday that an affiliate completed the acquisition of Project Big Timber, a six-property, garden-style multifamily… Read more
Raleigh’s Midtown Plaza Trades for $132M
Raleigh’s 12-story Midtown Plaza was sold to Crescent Real Estate for $132 million. Lionstone Investments was the seller. The high-dollar… Read more
Fortius Given OK for $125M Charlotte-Area Business Park
Fortius Capital Partners has been green-lighted by the City of Concord to build a 1.3 million square foot industrial project.… Read more
NC Mountain Retreat Sells for $15.6M
MMI acquired Little Switzerland, a historic hotel in the Blue Ridge mountains of North Carolina. The 70-room resort and residential… Read more
Subtext Launches Acquisitions Vertical, Appoints Mike Hung as EVP
Subtext, an integrated real estate development company, has launched a new acquisitions vertical. The company has also appointed Mike Hung to spearhead… Read more
Raleigh Downtown Office Asset Flips for $15M
The owner of a Raleigh restaurant chain, Lou Moshakos, has acquired a downtown Raleigh office building for nearly $15 million.… Read more
Secondary Markets Targeted for Advanced Manufacturing Sites
At one time, manufacturing sites were in predominantly major markets – think Detroit, Chicago and Pittsburgh. But in its recently… Read more
Skanska Completes UVA Alderman Library Renovation
Skanska has completed the restoration and expansion of the historic Alderman Library at the University of Virginia in Charlottesville, VA.… Read more
Big-Time Buc-ee’s Coming to Small-Town Mebane
In most towns, siting a gas station is a pretty ho-hum matter. But in the North Carolina town of Mebane,… Read more
Cummins Spending $580M on Rocky Mount Expansion
Engine maker Cummins Inc. will invest $580 million into its Rocky Mount facility off Highway 301. The move will help… Read more
Stonecutter Sells Charlotte Rental Asset for $30M
Northmarq represented the seller of The Park at Fenentino, an affordable rental community in Charlotte. A team led by Andrea… Read more
Anchor Health JV Pays $62M for Medical Office Portfolio
In a joint venture with Australian Retirement Trust, Anchor Health Properties has acquired a three-property medical office portfolio in the… Read more
Advisory Firm to Relocate its Capital Business HQ to Chicago
Healthcare advisory firm Curi Holdings LLC plans to relocate the headquarters for its capital business to Chicago after the company… Read more
Urban Standard Delivers Construction Loan for Durham Rental Community
Urban Standard Capital recently closed a $7.95 million, 18-month, non-recourse construction completion loan for a Class A mixed-use rental property… Read more
Berkadia Secures Financing for Charlotte Hotel
Berkadia secured financing for the WoodSpring Suites Charlotte – University Research Park, a 122-key, extended-stay hotel in Charlotte, North Carolina.… Read more
Knightvest Picks 4th Charlotte Rental Community
Knightvest Residential bought the 280-unit Stillwater Apartments at 8242 Runaway Bay Dr. from Stone Cutter Capital Management—the $39.2 million sale… Read more