North Carolina
SREIT Acquires 3,300 Affordable Units in Southeast
Starwood Real Estate Income Trust (SREIT) acquired a stabilized Southeast affordable housing portfolio with 3,336 units across 18 Sun Belt… Read more
CushWake Secures 157K-SF Industrial Lease in Durham
Cushman & Wakefield has arranged a 157,000-square-foot industrial lease for North State Express, a trucking company that includes logistics, transport… Read more
Armada Hoffler to Develop Adaptive Reuse Project in Charlotte
Armada Hoffler Properties has announced plans to develop Chronicle Mill, a new adaptive reuse multifamily project in Charlotte. The total… Read more
Life Sciences: The Newest Recession-Resilient Space?
Industries ranging from genetic engineering, to medical technology development and manufacturing, to pharmaceutical research are broadly categorized as “life sciences.”… Read more
Merritt Properties to Develop 452K-SF Light Industrial Park in Wake Forest
Developer Merritt Properties has announced plans to build a 452,500-square-foot speculative light industrial business park in Wake Forest, NC. Located… Read more
Raleigh Industrial Portfolio Trades for $59M
JLL has arranged the $59 million sale of Northside Center, a 15-building light industrial and office portfolio in the Raleigh-Durham… Read more
PAC Snags 75K-SF Grocery-Anchored Shopping Center in Raleigh
Preferred Apartment Communities (PAC) has acquired Wakefield Crossing, a grocery-anchored shopping center in Raleigh. The sales price was not disclosed.… Read more
Cedar Grove Capital Snags Raleigh Apartment Community for $66M
Cedar Grove Capital has acquired Hawthorne Six Forks, a 471-unit apartment community in Raleigh for $66 million. The seller was… Read more
Avison Young Secures 168K-SF Industrial Lease in Charlotte
Avison Young has secured a 168,480-square-foot industrial lease in Charlotte, on behalf of real estate development and investment firm Scannell… Read more
Bridge Investment Group Acquires 227K-SF Office Portfolio Near Charlotte Airport
Bridge Investment Group subsidiary Bridge Office has acquired LakePointe Corporate Center 3 and 5, a two-building, 226,863-square-foot, office portfolio adjacent… Read more
Cohen Financial Secures $45M Refinancing for SE Retail Portfolio
National real estate capital services firm Cohen Financial has secured a $45 million loan to refinance a portfolio of six… Read more
Hines Opens Development Office in Raleigh
Privately-owned global real estate investment firm Hines has announced that it has opened a new investment and development office in… Read more
KDC to Develop 1M-SF Office Complex in Research Triangle Park
Developer KDC has announced a partnership with the Research Triangle Foundation of North Carolina to build one million square feet… Read more
JLL Brokers Sale of 298-Unit Chapel Hill Apartment Community
JLL has arranged the sale of Alta Blu, a 298-unit apartment community in Chapel Hill, NC. The sales price was… Read more
New York’s Office Sales Crown Slips in 2019
Although it’s generally regarded as the monarch of U.S. office markets, New York City’s crown slipped in 2019. The year’s… Read more
Jamestown, Grubb Ventures to Develop Adaptive Reuse MXU Project in Raleigh
Investment and management company Jamestown and developer Grubb Ventures have announced a new joint venture partnership to create Raleigh Iron… Read more
West Midtown’s BrickWorks MXU Project Trades for $80M
Charlotte-based real estate investment firm Asana Partners has acquired Brickworks, a 194,000-square-foot mixed-use project in Atlanta’s West Midtown submarket. The… Read more
Charlotte Distribution Center Trades for $64M
JLL has arranged the $63.7 million sale of Premier Distribution Center, a 1.3 million-square-foot industrial facility in Charlotte’s Southwest Industrial… Read more
U.S. Multifamily Acquisitions Hit Record Highs
U.S. multifamily acquisitions rose by 4.4% last year to $184 billion, the highest volume since Real Capital Analytics began tracking… Read more