North Carolina
Gen Z Ready to Buy Homes, Competition Remains Fierce
The oldest members of Gen Z are now 22 years old and beginning to enter the homebuying stage of their… Read more
Hamburger Chain Krystal Co. Files for Bankruptcy
Atlanta-based hamburger chain Krystal has filed for Chapter 11 Bankruptcy. The company reported assets between $10 million and $50 million,… Read more
JLL Brokers $18M Sale of Biomed Research Building in Raleigh
JLL has brokered the $17.6 million sale of the Biomedical Partnership Center, a 44,835-square-foot, office flex/lab building in Raleigh. The… Read more
J.C. Penney to Shutter 6 Stores & Call Center
Plano, TX-headquartered J.C. Penney announced plans to close down six stores by the end of April, as well as a… Read more
Eller Capital Launches $50M MF Acquisitions Fund in Southeast
Private equity real estate investment firm Eller Capital Partners has announced the launch of a new multifamily acquisitions fund focused… Read more
Cohen Financial Lines Up Refi for Retail Portfolio
Cohen Financial’s Chicago-based Dan Rosenberg and Matt Terpstra sourced a $45-million refinance loan for a portfolio of six retail properties across… Read more
Crescent Communities Names Natwick COO
Charlotte-based real estate investor, developer and operator Crescent Communities has named Brian Natwick as the firm’s new President and COO.… Read more
PAC Snags 305K-SF Shopping Center in North Carolina
Preferred Apartment Communities (PAC), along with joint venture partner Harbour Retail Partners, have acquired Hanover Shopping Center, a 305,346-square-foot grocery-anchored… Read more
Bridge Investment Group Snags 330K-SF Office Portfolio in Raleigh
Bridge Investment Group has acquired a 330,008-square-foot, two-property office portfolio in Metro Raleigh for an undisclosed price. The properties consist… Read more
CRS Realty Acquires 151K-SF Retail Center in Greensboro
CRS Realty has acquired Wendover Commons, a 151,016-square-foot retail center in Greensboro, NC. The sales price was not disclosed. Located… Read more
Durham’s Brightleaf Square MXU Portfolio Trades for $39M
Avison Young has brokered the $39 million sale of Brightleaf Square, a mixed-use portfolio consisting of nearly 140,000 square feet… Read more
Examining Supply’s Effect on U.S. Self Storage Industry
New supply is continuing to depress U.S. self storage street rates, which dropped in around 75% of the top U.S.… Read more
Flagship Properties Acquires 45K-SF Medical Office Building in North Carolina
Flagship Healthcare Properties has acquired a 45,390-square-foot medical office building and ambulatory surgery center in Hickory, NC for an undisclosed… Read more
Bell Buys Redmond MF from Trammell Crow Residential for $91M
Bell Partners Inc. acquired Alexan Marymoor, a 222-unit multifamily community in Redmond, WA on behalf of its Fund VII investors.… Read more
Q&A: Population, Job Growth Driving Southeast Multifamily Growth
Ongoing population growth has been fueling commercial real estate growth in the Southeast for the past several years, and the… Read more
JLL Brokers Sale of 351-Unit North Carolina MF Community
JLL has arranged the sale of Tradition at Stonewater, a 351-unit garden-style apartment community in Cary, NC. The sales price… Read more
Southern U.S. Will Lead 2020 Home Price Growth
Housing markets in the southern half of the U.S. will perform the best in 2020, according to economists and real… Read more
CushWake Brokers Sale of 48K-SF Office Building in Chapel Hill
Cushman & Wakefield has arranged the sale of Castalia at Meadowmont, a 47,970-square-foot office building located in Chapel Hill, NC.… Read more
OpenTable Ranks Top 100 Restaurants in America
Online restaurant reservation website OpenTable has revealed the top 100 restaurants in America for 2019, according to OpenTable diners. The… Read more