North Carolina
Northwood Ravin Adding to Charlotte’s Providence Row
Demolition is continuing at the former Pinehurst on Providence apartment community, to make way for an apartment and townhome community… Read more
Toll Brothers Buys Land for Over 400 Cary Rental Units
Toll Brothers bought a 27-acre mobile home park in Cary. The company will build 407 residential units at the site.… Read more
Rare-Earth Magnet Maker to Construct $918M Raleigh-Area Plant
Vulcan Elements paid $8 million for 56 acres in Benson to build a rare-earth magnet manufacturing plant. The Triangle Business… Read more
North Carolina OKs Mission, Novant Projects Worth $500M+
The North Carolina Department of Health and Human Services approved Mission Hospital (shown) in Asheville to add no more than… Read more
568K-SF Charlotte Office Park for Sale
CBRE has the listing for ThExchange, a 14-building, 568,811-square-foot Charlotte Office Park. CBRE’s Patrick Gildea and Matt Smith are marketing… Read more
Greystone Adds Over 200 Affordable Atlanta-Area Units
Greystone and Harmony Housing paid $22 million for four affordable housing communities in Forsyth County. The Triad Business Journal reports… Read more
NC Children’s Buys $90M, 200-Acre Apex Parcel for Hospital
North Carolina Children’s has completed a nearly $90 million deal to acquire more than 200 acres in Apex to build… Read more
Piedmont Capital Adds Charlotte-Area Retail Center to NC Holdings
Piedmont Capital paid $24.5 million for The Shops at Franklin Square. Located in Gastonia, NC, this 134,214-square-foot Ashley Furniture-anchored center… Read more
Bell Partners Acquired by Canadian Lifeco for $350M
Greensboro-based multifamily property builder Bell Partners has been acquired by Sun Life for $350 million. The company will continue to… Read more
BSC Razing Greensboro Parking Structure to Build Apartment Community
Demolition is underway on the Davie Street Parking Deck in downtown Greensboro (shown). The Triad Business Journal reports the move… Read more
Rockpoint Snags Two Light Industrial Parks in North Carolina
Rockpoint, a Boston-based real estate private equity firm, said Monday it acquired six trophy-quality light industrial buildings in the Raleigh… Read more
Spectrum Bringing 267 Apartment Units to Trinity Park
The Spectrum Companies began construction on its latest multifamily community, Vara Trinity Park, providing 267 new residential units. The community,… Read more
Equus Acquires 19-Building Charlotte Warehouse Portfolio for $102M
Equus Capital paid $102 million for a 648,000 square foot industrial portfolio in Charlotte. The Greylyn Business Park, at 9535… Read more
EQT Divests Second Tranche of Industrial Portfolio to Ares Real Estate Fund
EQT said its EQT Real Estate Industrial Core-Plus Fund II has completed the sale of a 36-property, 7.3- million-square-foot portfolio… Read more
Pharma Giant Building $2 Billion Atlanta-Area Facility
Global biopharmaceutical giant UCB, Inc. is planning a $2 billion investment in Georgia to establish its first U.S. pharmaceutical biologics… Read more
Research Triangle Property Sells for $58.3M
An affiliate of TPG Real Estate Partners sold The Press, a 250,000 square foot industrial complex in Cary, NC, for… Read more
Capital Markets and Multifamily: A Q&A with Arcus Harbor’s Kristen Croxton
After a stagnant couple of years, capital has started to come off the sidelines to fund commercial real estate deals.… Read more