North Carolina
Cousins Increases Charlotte Holdings, Spends $317.5M on 25-Story Tower
Cousins acquired 300 South Tryon, a 25-story, 638,000-square-foot building at 300 S. Tryon St., for $317.5 million. Barings was the… Read more
Somerset Spends Nearly $47M on Greensboro Warehouses
Somerset Properties purchased the South Elm Industrial Center in Greensboro for $46.75 million. Blue Ridge Industrial was the seller of… Read more
FCP Buys 151-Unit Monroe BTR Community
A joint venture of Taylor Morrison and Varde Partners sold a Charlotte-area build-to-rent community. The sales price of Yardly Monroe,… Read more
Igneo Acquires 7 U.S. Data Centers, Plans to Expand Platform
Global infrastructure investment manager Igneo Infrastructure Partners has acquired the Vault Digital Infrastructure portfolio from a joint venture of CVC… Read more
Kane Proposing Cary Mixed-Use Project
Kane Realty Corporation filed site plans with the town of Cary for Flat Iron, a mixed-use project on Chatham Street.… Read more
Beach Co. Lands $90M Financing for Hillsborough Rental Community
The Beach Co. will begin work on its 346-unit project, Persimmon at Cates Creek, in Hillsborough between interstates 40 and 85.… Read more
Siemens Spending $421M on NC Plant Expansions
The company that makes large power transformers for the energy sector plans to invest $421 million in its North Carolina… Read more
Tishman Speyer Acquires 244-Unit Raleigh Rental Community
Tishman Speyer acquired The Maggie, a 244-unit rental community in Raleigh, its first in the region. TA Realty was the… Read more
Passco Acquires 340-Unit Hickory NC Multifamily Community
Passco paid $71.3 million for the Preston Ridge Apartments, a 340-unit rental community located at 2001 Startown Rd. in Hickory,… Read more
Placemaking Goes To College
Pictured above: Northern Arizona University The concept of placemaking entered urban planning during the mid-20th century. These days, planners and… Read more
Plymouth Industrial REIT Taken Private in $2.1B Deal
Makarora Management LP and Ares Alternative Credit funds have completed the previously announced acquisition of Boston-based Plymouth Industrial REIT, Inc.… Read more
Greensboro Developer Plans to Build 59-Unit Apartment Venture in 60 Days
AE Amer, a modular-built apartment developer, says it can build a 59-unit apartment complex in Greensboro in 60 days. AE… Read more
Clarion Partners Acquires 69K-SF Raleigh Shopping Center
Midtown Corner, a 69,000-square-foot shopping center located at East Six Forks and Wake Forest Roads in Raleigh, sold for $26.95… Read more
Hawthorne Pays Nearly $61M for Cary Apartments
Hawthorne Residential Partners agreed to terms with DRA Advisors on the sale of The Hawthorne at the Parkway, a 247-unit… Read more
Kane Tearing Down Raleigh Offices, Apartments to Build Mixed-Use Project
FCP sold of an office and apartment property in Raleigh for $72.3 million. Kane Realty acquired both The Pointe at… Read more
Crescent Delivers 237-Unit Charlotte-Area Rental Community
Crescent Communities has opened NOVEL Davidson, a 237-unit multifamily property in Davidson, N.C. The developer broke ground on the project… Read more
Opportunistic Fund Targets Distressed Multifamily in High-Growth Markets
Online real estate investment platform Neighborhood Ventures has launched Opportunistic Fund II, a $25-million vehicle to acquire between five and eight… Read more
Avison Young Executes $75M 1031 Exchange Following Data Center Land Sale
Avison Young’s Net Lease Group has completed a 1031 exchange following the sale of a data center development site. The… Read more