North Carolina
Slowdown in Home Price Growth Comes to Chicago
Chicago home price increases have begun to lag after nearly a year of steadiness amid declining annual gains nationally. The… Read more
Cousins, TIER REIT Combine in $7.8B Deal, Create 21M-SF Sun Belt Portfolio
Atlanta-based Cousins Properties is merging with Dallas-based TIER REIT, Inc. in a 100% stock-for-stock transaction. The deal will create a… Read more
Lincoln Harris Unveils Bold Vision for Trendsetting Charlotte MXU
Lincoln Harris plans a major renovation for Phillips Place, a ground-breaking SouthPark mixed-use development that changed the Charlotte, NC retail… Read more
Top Broker Honorees: David Burden and Tom Berarducci
Colliers International’s David Burden and Tom Berarducci had an exceptional year in 2018, closing 94 office leasing transactions totaling more… Read more
Pacer, Drake JV Claims 1.5M-SF North Carolina Distribution Facility
A joint venture between Pacer Partners and Drake Real Estate Partners acquired a 1.5-million-square-foot industrial building in Greensboro, NC from… Read more
U.S. Overall Delinquency, Foreclosure Rates Lowest Since at Least 2000
CoreLogic’s latest Loan Performance Insights Report shows 4.1% of mortgages nationally were in some stage of delinquency in December 2018,… Read more
Brisk Job Growth Spurs U.S. Office Market Demand, Yardi Matrix Reports
A new report from Yardi Matrix shows that the U.S. office market is continuing its strong performance into 2019. Asking… Read more
Amherst Residential Pays $404M for SFR Portfolio
Amherst Residential LLC of Austin closed on the purchase of 2,400 single-family rental properties, over several transactions valued at $404.1… Read more
Avanath Launches Multifamily Development Group
Irvine, CA-based Avanath Capital Management, LLC launched a new entity focused on new multifamily development opportunities. The group will initially… Read more
Investcorp Acquires Eight U.S. MF Assets for $330M
Bahrain-based alternative investment manager Investcorp’s U.S.-based real estate investment team acquired eight new multifamily properties. The 2,510-unit portfolio was purchased… Read more
PGIM Provides Record $18B in Financing in 2018
Chicago-based PGIM Real Estate Finance originated a record $18.1 billion in financing in 2018, led by record production in multifamily and… Read more
Office/Industrial Project Would Keep Fish Processor in Brooklyn
ACME Smoked Fish Corporation, one of Brooklyn’s longest-operating manufacturers, is joining forces with Rubenstein Partners on a 583,000-square-foot commercial facility that would… Read more
Seattle Maintains Top Office Investment Crown in IPA Report
New research by Marcus & Millichap’s Institutional Property Advisors (IPA) division shows the U.S. economy remains structurally positioned for growth… Read more
BB&T, SunTrust’s $66B Merger Creates 6th Largest U.S. Bank Holding Company
The boards of SunTrust Banks, Inc. and BB&T Corporation unanimously approved an agreement to combine in an all-stock merger of… Read more
Johnson Development Enters Austin with 530-Acre Master-Planned Community Buy
Johnson Development Corp. has closed on its first Austin-area master-planned community, Bryson in Leander. The Houston-based investor acquired the 530-acre… Read more
Walden Snags 18-property Southeast MF Portfolio
Atlanta-based Varden Capital Properties divested an 18-property, 1,858-unit portfolio of apartment communities throughout the Southeast. The Walden Group acquired the… Read more
Welltower Claims 12-Market Hammes MOB Portfolio for $400M
The Hammes Medical Office Portfolio, a 979,000-square-foot, geographically-diverse collection of 23 Class A medical outpatient properties, has traded hands for… Read more
Broadstone Bags 18-Building Elliott Bay MOB Portfolio
Rochester, NY-based Broadstone Net Lease bought the Elliott Bay National Medical Office Portfolio, an 18-building portfolio of outpatient facilities leased… Read more
Financing and Multifamily: Q&A with Hunt Real Estate Capital’s Kevin Chadwick
There is a lot to discuss when it comes to multifamily and financing. Sustained demand, combined with macro issues, place… Read more