North Carolina
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
Kane Receives Okay for Three Raleigh Highrises
The Raleigh City Council approved Kane Realty’s rezoning application for 12, 20 and 40 stories across multiple lots on Six Forks and… Read more
Hendersonville Developer Inks Financing for 166-Unit Rental Community
Orchard Properties obtained a $30 million construction to start work on a 166-unit apartment complex in Hendersonville, North Carolina. Peachtree… Read more
Crescent Offloads Greensboro Warehouse
Crescent Communities sold AXIAL Liberty Commerce, an industrial facility located in Greensboro, to Hoffman & Hoffman. Hoffman & Hoffman, an… Read more
JLL Completes 45K-SF Richmond Industrial Park Lease
JLL arranged a 45,012 square foot lease at Matan Companies’ Deepwater Industrial Park in Richmond, Virginia. Raleigh-based PMC Commercial Interiors… Read more
Penzance Expands MF Portfolio with $200M in Acquisitions
Penzance has acquired approximately $200 million in multifamily and residential assets totaling 1,100 units and over 1.2 million square feet… Read more
Penzance Acquires Two NC Rental Assets
Penzance acquired approximately $200 million in multifamily and residential assets totaling 1,100 units and over 1.2 million square feet during… Read more
Phillips Collective Debuts $200M Charlotte Rental Community
The Seventeen Hundred on East opened its doors at 1755 Lombardy Circle. Developer Phillips Collective expects costs to approach $200… Read more
Supermarket Giant to Lease $475M Burlington Distribution Center
Ahold Delhaize USA, the owner of the Food Lion chain, will lease a highly automated grocery distribution center in Burlington,… Read more