North Carolina
CBRE Secures $40M Refinancing for Charlotte MF Community
CBRE Capital Markets has secured a $39.7-million loan to refinance Arbor Steele Creek, a 384-unit apartment community in Southwest Charlotte.… Read more
Pfizer to Invest $500M in North Carolina Gene Therapy Facility
Biopharmaceutical company Pfizer has announced a $500-million investment for the construction of a gene therapy manufacturing facility in Sanford, NC.… Read more
Asana Partners Acquires Carlsbad Retail Center for $58M
Charlotte, NC-based Asana Partners acquired The Beacon La Costa, a 123,000-square-foot upscale retail center located at 7710-7770 El Camino in… Read more
Hunter Hotel Advisors Negotiates Sale of Courtyard by Marriott in Chapel Hill
Investment advisory firm Hunter Hotel Advisors arranged the sale of the Courtyard by Marriott in Chapel Hill, NC. The sales… Read more
Highwoods Properties to Acquire Bank of America Tower in Charlotte for $436M
Raleigh-based Real Estate Investment Trust Highwoods Properties is under contract to acquire Bank of America Tower, a 33-story, 841,164-square-foot office… Read more
Asheville Apartment Community Trades for $72M
Chicago-based real estate investment firm GEM Realty Capital has acquired The District, a 309-unit apartment community in Asheville for $71.5… Read more
New Mergers & Acquisitions Are Impacting Atlanta’s Office Market
By Scott Amoson, Director of Research, Colliers International The Atlanta office market is poised for big change thanks in part… Read more
Asana Partners Acquires Four-Property Retail Portfolio in Charleston for $14M
Charlotte-based real estate investor group Asana Partners acquired a four-property, 32,000-square-foot retail portfolio in Charleston on King Street. The properties… Read more
Report: U.S. Multifamily Rents Continue Positive Momentum
U.S. multifamily rents have continued their upward trajectory with a 3.4% year-over-year increase in July 2019, according to a new… Read more
Henley Investments Acquires 5-Property Greensboro Car Wash Portfolio
Private equity real estate firm Henley Investments acquired five Water Works car wash locations in greater Greensboro, NC. The sales… Read more
Chaucer Creek Claims Waterfront Apartments in North Carolina for $65M
North Carolina-based apartment owner and manager Chaucer Creek Capital acquired Sawmill Point, a four-story, 280-unit waterfront apartment community in downtown… Read more
CBRE Arranges $7M Sale of Charlotte Office Property
CBRE arranged the $7-million sale of 201 Regency Executive Park Drive, a 31,600-square-foot, single-tenant office property in Charlotte’s I-77 Corridor… Read more
Charlotte MF Community Trades for $63M
Dallas-based Lantower Residential acquired Garrison Park, a newly-constructed, 322-unit multifamily community in northeast Charlotte for $62.8 million. The community was… Read more
Crescent Communities Sells 344-Unit Apartment Community in Charlotte
Charlotte-based owner and developer Crescent Communities has sold Novel NoDa, a 344-unit mid-rise apartment community in Charlotte. The sales price… Read more
Vacasa Acquiring Wyndham Vacation Rentals in $162M Deal
Portland-based Vacasa is buying Wyndham Vacation Rentals for approximately $162 million. The transaction is expected to close this fall, and… Read more
North Carolina Life Science Portfolio Trades for $405M
Longfellow Strategic Value Fund has acquired a 1.34 million-square-foot life science portfolio in Research Triangle, NC for $405 million. The… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
Redwood Capital Claims 245-Unit MF Property in Charlotte
Chicago-based multifamily investment firm Redwood Capital Group has acquired the Lowrie, a 245-unit multifamily property in Charlotte’s upscale Ballantyne submarket.… Read more
NAI Carolantic Arranges $39M Sale of Raleigh Office Campus
NAI Carolantic Realty brokered the $39.7-million sale of the Northchase Executive Center, a two-building office campus in Raleigh. Located at… Read more