Raleigh
CBRE Investment Management Fund Purchases Class A Life Sciences Campus in Durham
CBRE Investment Management has acquired Park Point, a 662,607-square-foot life sciences campus in the Durham submarket of Morrisville, NC. Located… Read more
Dewitt Carolinas Starts First Tower of Billion-Dollar Office Development in Raleigh
Dewitt Carolinas, Inc., has broken ground on 1000 Social, the first of two 12-story office towers at its 40-acre, billion-dollar… Read more
Atlantic Coast Conference to Relocate HQ to Charlotte’s Bank of America Tower
The Atlantic Coast Conference will be relocating its headquarters to the 12th floor of the Bank of America Tower at… Read more
Brazos Residential Grooves to $41M Purchase of 1970s Community in Wilson
Dallas, TX-based Brazos Residential, LLC, has completed its $41-million acquisition of the Wilson Woods Townhomes in Wilson, NC. The 1974-constructed,… Read more
Partnership Pays $70M for 344-Unit Residential Community in Cary
A partnership between Wellington, FL-based The Bainbridge Companies, LLC, and Austin, TX-based Virtus Real Estate Capital has secured $69.8 million… Read more
JLL Income Property Trust Acquires $15M Retail Center in Durham
JLL Income Property Trust has acquired Patterson Place a 25,000-square-foot retail center in Durham, NC for $14.5 million. The retail… Read more
Alternative Asset Classes Prove to be an Attractive Haven for Capital
A recent capital markets report from Colliers finds that alternative assets, once on the periphery of commercial real estate investors’… Read more
Highwoods Properties Closes $203M Buy of Legacy Union SIX50 in Charlotte
Raleigh, NC-based Highwoods Properties, Inc., has completed the acquisition of the 650 South Tryon building in Charlotte, NC for $203… Read more
CRC Acquires Residential Community in Downtown Raleigh for $37M
Baltimore, MD-based Continental Realty Corporation has acquired 800 St. Marys Apartments in the downtown Raleigh, NC neighborhood of Glenwood South… Read more
CRC Wraps Up Seventh NC Multifamily with $37M Raleigh Buy
Baltimore, MD-based Continental Realty Corporation has acquired 800 St. Marys Apartments in the downtown Raleigh, NC neighborhood of Glenwood South… Read more
Signature Signs Off on Transfer of $129M Fuquay-Varina Multifamily
Capstone Apartment Partners has closed the $129.3-million sale of Elevate Powell & Broad, a 384-unit new construction apartment in the… Read more
TerraCap Management Acquires Second Raleigh-Durham Mutlifamily
Naples, FL-based TerraCap Management LLC, has acquired The Lex at Brier Creek, a 1999-built, 346-unit apartment complex located in the… Read more
Concord Hospitality Secures $75M to Start Westin Hotel in Duluth’s Gas South
ACRES Capital Corp., has originated a $74.6-million loan to fund the construction of the Westin Gwinnett Hotel in Duluth, GA.… Read more
Magma Erupts in NC with $222M in 2022 Acquisitions; Latest is $18M Lincolnton Multifam
Magma Equities — in joint venture with Chapel Hill, NC-based Prudent Growth Partners — has acquired The Oaks Apartment Homes,… Read more
642-Unit Acquisition Brings Morgan Properties’ Fayetteville Portfolio to Five
Morgan Properties has acquired two Class A apartment communities totaling 642 units in Fayetteville, NC. Both properties, Westlake at Morganton… Read more
Cortland’s Portfolio Acquisition Brings Tally to 85K Units under Management
Atlanta, GA-based Cortland has acquired a portfolio of residential real estate properties across seven states, bringing the firm’s total number… Read more
Clear Path Asset Management Buys $9M Off-Market Office in Raleigh
JLL has closed the $9.3-million sale of 5520 Capital Center Drive, a fully leased office building totaling approximately 36,008 square… Read more
Magma Equities Spends $83M for Raleigh Multifamily in Off-Market Deal
Manhattan Beach, CA-based Magma Equities has acquired the Litchford 315 Apartments, a 240-unit multifamily community in Raleigh, NC, in an… Read more
Aventon Begins Construction on 293-Unit Apartment Community in Cary
Raleigh, NC-based Aventon Companies has broken ground on its second apartment community within the Raleigh-Durham-Chapel Hill metro. Aventon Kit Creek,… Read more