North Carolina
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
Berkadia Secures $26M Acquisition Loan for Greensboro MF Community
Berkadia has secured a $25.7 million acquisition loan for Waterford Place, a 240-unit multifamily community in Greensboro. Built in 1997,… Read more
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