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Highwoods Properties to Develop $50M HQ for LifePoint Hospitals

Highwoods Properties to Develop $50M HQ for LifePoint Hospitals

By Liviu Oltean, Associate Editor Highwoods Properties Inc. is planning new headquarters for LifePoint Hospitals Inc. The health care company has been leasing about 146,000 square feet of space from Highwoods, but the contracts will soon expire. The new seven-story headquarters will be located [...]…

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Bell Partners Sells Apartments to Trade Street at a 43% Discount

Bell Partners Sells Apartments to Trade Street at a 43% Discount

By Liviu Oltean, Associate Editor Bell Partners of Greensboro has sold the Beckanna Apartments on Glenwood Avenue for $9.35 million. The eight-story building was purchased by a subsidiary of Trade Street Capital of Aventura, the Triangle Business Journal reports. Trade Street Capital [...]…

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Alpha Install Will Relocate to Pittsboro

Alpha Install Will Relocate to Pittsboro

By Liviu Oltean, Associate Editor Alpha Install, a company that manages the installation of communications and technology equipment on vehicle fleets and satellite locations, is planning to move and expand its headquarters in Pittsboro. According to the CityBizList, the company chose [...]…

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KB Home Launches Housing Community in Durham

KB Home Launches Housing Community in Durham

By Liviu Oltean, Associate Editor KB Home is consolidating its foothold in the Durham market with the opening of their project located at 103 Daneborg Road & RDU International Airport. The Orchard Ridge project entails a community of customizable single-family homes that [...]…

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FMW and Faison to Collaborate in $40M Apartment Project in Downtown Raleigh

FMW and Faison to Collaborate in $40M Apartment Project in Downtown Raleigh

By Liviu Oltean, Associate Editor FMW Real Estate sold 3.5 acres of a 6.67 acres industrial site to Faison & Associates for $9.6 million. Following this transaction, the two companies will collaborate on a project that will make downtown Raleigh the [...]…

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Duke Realty Purchases Greenfield North Business Park Portfolio

Duke Realty Purchases Greenfield North Business Park Portfolio

By Liviu Oltean, Associate Editor Duke Realty recently completed its third acquisition in the Triangle area with its purchase of Greenfield North Business Park. The Greenfield North portfolio includes five buildings that encompass 397,332 square feet, with an additional 75.25 acres in [...]…

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Colonial Properties Trust Buys 6 MF Properties for $105.8M; Office Buildings Developed by Capital Assoc. Obtain $36.5M

Colonial Properties Trust Buys 6 MF Properties for $105.8M; Office Buildings Developed by Capital Assoc. Obtain $36.5M

By Liviu Oltean, Associate Editor Colonial Properties Trust recently sold six multifamily properties for $105.8 million.  The properties are: Colonial Grand at Sugarloaf, Colonial Grand at McGinnis Ferry, Colonial Village at Meadow Creek, Summer Tree, Brookfield and Paces Cove. About $96.3 million [...]…

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Blackstone Purchases Shopping Center Portfolio for $473.1M

Blackstone Purchases Shopping Center Portfolio for $473.1M

By Liviu Oltean, Associate Editor Equity One Inc. agreed to sell 36 shopping centers to Blackstone Real Estate Partners VII for $473.1 million. The shopping centers encompass 3.9 million square feet and have mortgage loans that add up to a $177.4 [...]…

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Hyatt Hotels Corp. Closes on a 20-Hotel Portfolio for $661 Million

Hyatt Hotels Corp. Closes on a 20-Hotel Portfolio for $661 Million

by Liviu Oltean, Associate Editor Hotel Sierra in Morrisville will be rebranded as a Hyatt Summerfield Suites Hotel, following Hyatt Hotels Corp.’s closing on a 20-hotel portfolio belonging to LodgeWorks LP. Hyatt initially showed interest in a 24-hotel portfolio, but the company ultimately [...]…

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$75-90 Million Cathedral Campus Coming to Raleigh

$75-90 Million Cathedral Campus Coming to Raleigh

by Liviu Oltean, Associate Editor The Catholic Diocese of Raleigh commissioned McCrery Architects LLC to design a new cathedral campus that will cost between $75 million to $90 million. The campus will feature a 2,000-seat cathedral, a two-story gathering hall and a [...]…

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Red Hat Negotiates to Sublease Downtown Building

Red Hat Negotiates to Sublease Downtown Building

by Liviu Oltean, Associate Editor Red Hat Inc. is currently in negotiation with Progress Energy Inc. for a sublease of the downtown building, Two Progress Plaza. The building was leased by Progress Energy for a 30-year term in 2004, and will [...]…

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Companies Initiate Bulk Sales of Office Portfolios in the Triangle

Companies Initiate Bulk Sales of Office Portfolios in the Triangle

By Liviu Oltean, Associate Editor In an attempt to increase industrial and medical office assets, various companies in the Triangle have started to sell their office portfolios. Duke Realty, an Indianapolis-based company, listed for sale six buildings that represent about 12 [...]…

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