North Carolina
S2 to Revamp, Rebrand Newly-Acquired Charlotte Rental Property
S2 Capital is planning renovations after acquiring an apartment community in Charlotte’s Collingwood neighborhood. The firm closed on a $49… Read more
Crescent Planning Lake Norman Multifamily Project
Crescent Communities plans to break ground this month on a 237-unit apartment complex north of Charlotte, on the Lake Norman… Read more
Skanska Tops Out VA New Central Forensic Science Lab
Skanska has topped out the new Central Region Forensic Laboratory in Hanover, Virginia. This 281,425-square-foot facility will house the Virginia… Read more
FCP Spins Off Douglasville Rental Community
FCP sold Stewart’s Mill Apartments in the West Atlanta suburb of Douglasville, GA to Viking Capital for $28.2 million. The 188-unit apartment community… Read more
Belmont Business Park Trades for $70M
An industrial project in Belmont has been sold by Tribek Properties for $70.1. RiverWest, an industrial park with two buildings… Read more
Drone Maker Declares Bankruptcy, Owes $243K Rent on Raleigh HQ
Raleigh Drone operator PrecisionHawk has filed for bankruptcy. A filing lists assets at $3.8 million and debts at nearly $17.6… Read more
Hines REIT Buys Durham IBM 500 Campus
Hines Global Income Trust, Inc. (“HGIT”) has acquired the IBM 500 Campus, a 774,000-square-foot property located at 4205 South Miami… Read more
Weidner Pays $81.5M For Charlotte Apartment Community
Weidner Apartment Homes closed on the $81.5 million purchase of Retreat at McAlpine Creek Apartments from Waterton. The 400-unit, garden-style… Read more
Massive Life Sciences Campus Opens in Morrisville
A mammoth life sciences campus in Morrisville, between Raleigh and Durham, has wrapped up Phase I but is waiting on… Read more
Examining Current and Future R&D/Lab Space Trends
Life sciences/research and development real estate experienced a reset in 2023, according to JLL. Still, demand will likely rebound in… Read more
Scottsdale-Based Tower Capital Promotes BTR Leader
Tower Capital has promoted George Maravilla to Partner from Senior Vice President. Maravilla, who joined the firm in 2018, has… Read more
Eaton Vance Picks Charlotte Rental Community for $65.8M
JLL Income Property Trust has sold Presley Uptown, a 230-unit community in Charlotte, for $65.8 million, nearly $300K/unit. The JLL REIT… Read more
Bell Partners Profits Off Chapel Hill Property, Twice
Mesirow Financial acquired the Bell Meadowmont apartments in Chapel Hill for $83.6 million. The financial services firm bought the complex… Read more
Northpond Fund to Target Sunbelt Retail Centers
Northpond Partners has partnered with a prominent southeast U.S. pension fund to form a $200 million evergreen investment vehicle called… Read more
Tanger Adds Huntsville Shopping Center to Growing Holdings
All systems are go with Greensboro-based Tanger. The company is continuing its steady growth with the acquisition of its 39th… Read more
Providence Group Expands Reach with Charlotte Land Purchases
Providence Group Capital recently purchased a 6-acre parcel to add to its already sizable holdings in Charlotte. The site is… Read more
Charlotte Apartment Project Fetches $107M
A Northmarq team led by Allan Lynch brokered the sale of Alta Filament, a 352-unit luxury multifamily property, for $107 million.… Read more
Thorofare Arranges $25M Loan for NC Mixed-Use Project
Thorofare Capital arranged a $25,035,000 loan to Grubb Properties for the financing and lease-up of a two-building, 121,000 aggregate-square-foot, mixed-use… Read more
Kannapolis Seeking Developer for Downtown Revitalization Project
Wanted: a clever, creative developer to build a mixed-use project, including 250 apartment units, up to 20,000 square feet of… Read more