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Health Care REIT to Acquire Sunrise Senior Living for $845M

Health Care REIT to Acquire Sunrise Senior Living for $845M

by Adriana Pop, Associate Editor Health Care REIT, Inc. has entered into a definitive agreement to acquire all of the outstanding common stock of Sunrise Senior Living, Inc., in an all cash transaction of approximately $845 million. The acquisition positions Health Care REIT among the largest owners of seniors housing…

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Qualcomm to Expand Operations at Brier Creek

Qualcomm to Expand Operations at Brier Creek

By Adriana Pop, Associate Editor San Diego-based Qualcomm is expanding its operations at Brier Creek Corporate Center in west Raleigh with the lease of 40,672 square feet of office space. John Daly and Jason High of CBRE-Raleigh represented the company in the negotiations. The Triangle Business Journal reports that Qualcomm…

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Dept. of Health Seeks 1M SF For-Rent Space in an Office Park

Dept. of Health Seeks 1M SF For-Rent Space in an Office Park

by Adriana Pop, Associate Editor The state Department of Health & Human Services (DHHS) plans to consolidate its 60 offices in Wake County into a 1 million-square-foot office campus in the Triangle region. According to the Triangle Business Journal, 10 real estate developer groups have responded to the request for proposals issued…

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Citrix Plans to Place Raleigh Headquarters in Warehouse District

Citrix Plans to Place Raleigh Headquarters in Warehouse District

by Adriana Pop, Associate Editor Citrix Systems Inc. has made the decision to locate its new downtown Raleigh headquarters in the old Dillon Supply steel warehouse at the corner of West and Hargett streets. The NewsObserver reports that the company plans to move into its new offices by November 2013, becoming the…

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City Council Green Lights Restarted Crabtree Village Master Plan Project

City Council Green Lights Restarted Crabtree Village Master Plan Project

by Adriana Pop, Associate Editor The City Council of Raleigh unanimously approved a master plan for a proposed mixed-use project located on a 24-acre portion of the Kidd’s Hill property behind Crabtree Valley Mall. Wells Fargo Bank and developer Pappas Properties of Charlotte are planning to restart the stalled Crabtree…

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United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M

United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M

by Adriana Pop, Associate Editor United Therapeutics Corp. has paid GlaxoSmithKline $17.5 million for the purchase of three buildings in the Research Triangle Park. The property sits on 135 acres of land adjacent to United Therapeutics’ 55-acre manufacturing facility and encompasses approximately 720,000 square feet of office and laboratory research…

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Beacon, Novare Plan $60M Apartment High Rise

Beacon, Novare Plan $60M Apartment High Rise

by Adriana Pop, Associate Editor Local developer Gregg Sandreuter’s Beacon Partners along with Atlanta-based Novare Group are planning a 23-story luxury apartment tower in downtown Raleigh. According to the NewsObserver, the 320-unit high-rise will be situated on the southwest corner of Martin and Blount streets. At a price tag of…

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Samaritan Closes on $147M Tax-Exempt Bond to Finance Seniors Community

Samaritan Closes on $147M Tax-Exempt Bond to Finance Seniors Community

by Adriana Pop, Associate Editor Nonprofit Samaritan Housing Foundation Inc. will be obtaining $147 million in tax-exempt resource bond financing to fund the construction of SearStone Senior Citizens Community in Cary. According to CityBizList Atlanta, law firms Krevolin & Horst and Peck, Shaffer and Williams LLP arranged to secure the bonds issued by…

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Citrix Seeks New Space in Downtown Raleigh to Invest $12.5M

Citrix Seeks New Space in Downtown Raleigh to Invest $12.5M

by Adriana Pop, Associate Editor Citrix Systems Inc. plans to expand its data-sharing division by investing at least $12.5 million in a new facility in downtown Raleigh. The company chose Raleigh over Atlanta and Austin for its expansion. Jesse Lipson, general manager of Citrix Systems data sharing operations, told the…

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Wells Fargo, Pappas Properties to Develop Foreclosed Masterplanned Community

Wells Fargo, Pappas Properties to Develop Foreclosed Masterplanned Community

by Adriana Pop, Associate Editor Wells Fargo Bank and developer Pappas Properties of Charlotte are planning to restart a 24-acre master-planned development that the bank had earlier foreclosed upon. According to the Triangle Business Journal, Pappas and the bank have jointly filed a a new master plan proposal and a rezoning request for…

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U-Haul Acquires 425-Unit Self-Storage Facility in Chapel Hill

U-Haul Acquires 425-Unit Self-Storage Facility in Chapel Hill

by Adriana Pop, Associate Editor U-Haul Company of Raleigh has expanded its network of self-storage locations with the purchase of an existing storage facility in Chapel Hill. Financial terms of the transaction were not disclosed. The new U-Haul Moving and Storage of Chapel Hill, formerly known as Ironclad Self Storage,…

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Alamance Regional Medical Center Plans $60M Expansion

Alamance Regional Medical Center Plans $60M Expansion

by Adriana Pop, Associate Editor Alamance Regional Medical Center is planning a $60 million expansion, the largest since the hospital opened in 1995. According to The Business Journal, the campus improvement project includes a two-story, 40,000-square-foot cancer center to be located at the end of the Medical Arts building. The…

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