North Carolina
JV Developing 185-Acre Industrial Park in High Point, NC
The Keith Corporation and IDM Ventures have formed a joint venture to develop South Point Commerce Center, a 185-acre eight-building… Read more
Power Supply Constraints Inhibit Global Data Center Growth
A worldwide shortage of available power is inhibiting growth of the global data center market, CBRE says in a new… Read more
SunCap Acquires Property for Charlotte Mixed-Use Development
SunCap Property Group has purchased 1.64 acres in Charlotte’s Dilworth neighborhood for $13.75 million for a planned 300,000-square-foot mixed-use development.… Read more
Equus Sells NC Logistics Center for $33M
Equus Capital Partners, Ltd. has announced the sale by one of its affiliates of Carolina 85 Logistics Center. The spec-built… Read more
Cary, NC Shopping Center Sells for $13M
Chicago-based real estate investment firm Northpond Partners, operating as NP Preston Corners LLC, has acquired the Preston Corners shopping center… Read more
Raleigh Developer Planning Mixed Use North Hills Project
The Raleigh City Council’s approval of a rezoning request has paved the way for a new mixed use office building… Read more
Marcus & Millichap Arranges $4.6M Sale of Durham Shopping Center
Marcus & Millichap recently arranged the $4.6 million sale of Park Terrace, a 24,813-square-foot retail property located in Durham, NC.… Read more
Report: Pinpointing the Highest Energy Cost States
A study by the U.S. Global Change Research Program reported that heat waves are occurring more frequently throughout major cities… Read more
United Furniture Bankruptcy Sale Slated for July 25 in Memphis
Fourteen sites owned by United Furniture Industries will be up for auction later this month. United, also known as Lane… Read more
Berkadia Arranges 415-Unit Multifamily Sale in Lithonia, GA
Berkadia has announced the sale of The Quarry, a 415-unit garden-style multifamily property in Lithonia, GA. Senior Director Matt White,… Read more
Legendary San Antonio Theater Chain Buys 17 Theaters
San Antonio-based Santikos has acquired The Grand Theatres and AmStar Cinemas from VSS-Southern Theatres LLC, a New York-based private equity… Read more
Centerbridge, GIC Complete Acquisition of INDUS Realty Trust
INDUS Realty Trust, Inc., a New York City-based industrial/logistics REIT, has been acquired by affiliates of Centerbridge Partners, L.P. and… Read more
Texas Tops When it Comes to Business Climate
Texas ranks as the state with the best business climate for companies looking to relocate or expand, According to Business… Read more
Austin Office Vacancy Rate on Rise
Nationwide, Austin had the biggest year-over-year spike in office vacancy through April, rising 590 basis points and hitting 22.0 percent.… Read more
Inch & Co. Acquires NC Multifamily Catawba Village Site
Cushman & Wakefield has arranged the sale of a ± 17-acre land site in Maiden, NC slated for a 240-unit… Read more
Stiwa Breaks Ground in Rock Hill on $36M Facility
Stiwa U.S. Inc. has broken ground on a 75,000-square-foot manufacturing facility at 2657 Long Meadow Road in Rock Hill, NC… Read more
Red Tape, NIMBYISM and Affordable Housing: More Q&A with NRP’s Aaron Pechota
In this second of a two-part interview, Connect CRE sat down with Aaron Pechota, NRP Group’s Executive Vice President of… Read more
Huge Charlotte Area Mixed Use Development Gets Go Ahead
Huntersville, NC commissioners have paved the way for Town 1, approving a rezoning request from Treenail Development. The proposed mixed-use… Read more
Third & Urban Secures Financing to Build Residences at The Pass
Mixed-use developer Third & Urban has secured $64.5 million to construct Residences at The Pass. The 335-unit multifamily project in… Read more