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164-Key Hyatt Place Hotel Opens in South Durham; Historic Property Conversion in Mebane to Bring 157 Apartments

164-Key Hyatt Place Hotel Opens in South Durham; Historic Property Conversion in Mebane to Bring 157 Apartments

A new limited-service Hyatt Place hotel is now open for business near Southpoint mall in Durham.…

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Highwoods Properties Sells RTP Office Complex for $58.7M

Highwoods Properties Sells RTP Office Complex for $58.7M

In its second quarter earnings report, Highwoods Properties has announced the sale of the Research Commons Office complex in Research Triangle Park. The property, which consists of five buildings and a 13-acre future development site, sold to an undisclosed buyer for $58.7 million.…

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Master-Planned Community’s First Homes at Wendell Falls to Open by Next Spring

Master-Planned Community’s First Homes at Wendell Falls to Open by Next Spring

The first homes at Wendell Falls, Newland Communities' 1,115-acre master-planned development in eastern Wake County, are scheduled for completion by next spring.…

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Oak Residential Partners Acquires Multi-Family Property for $33M; Liberty Property Trust Plans Speculative Industrial Park in Durham

Oak Residential Partners Acquires Multi-Family Property for $33M; Liberty Property Trust Plans Speculative Industrial Park in Durham

Oak Residential Partners of Deerfield, Ill., is the new owner of the Evergreens at Mount Moriah, a 268-unit garden-style apartment community in Durham.…

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TODAY’S DEALS: Pillar Originates $20.7M HUD Loan

TODAY’S DEALS: Pillar Originates $20.7M HUD Loan

Pillar originates a $20.7 million acquisition and rehabilitation loan for an affordable asset in Michigan; HFF arranges $8.5 million for a 244-unit community in Tampa; and Boston Capital provides capital for two LIHTC properties in North Carolina.…

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Bayer CropScience Announces $30M HQ Expansion at Research Triangle Park

Bayer CropScience Announces $30M HQ Expansion at Research Triangle Park

Plant science company Bayer CropScience is planning to invest $29.6 million in the expansion of its North American and global Seeds headquarters in the Research Triangle Park.…

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Developers Top Off $60M SkyHouse Apartment High-Rise in Downtown Raleigh

Developers Top Off $60M SkyHouse Apartment High-Rise in Downtown Raleigh

Construction is moving forward for the 23-story SkyHouse apartment tower at the corner of Martin and Blount streets in downtown Raleigh.…

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Martin Fein Interests Develops 335-Unit Luxury Apartment Complex Near Crabtree Valley Mall in Raleigh

Martin Fein Interests Develops 335-Unit Luxury Apartment Complex Near Crabtree Valley Mall in Raleigh

Martin Fein Interests is planning to break ground on a 335-unit luxury apartment complex on the Kidd’s Hill Plaza property behind Crabtree Valley Mall in Raleigh in the next few weeks.…

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Pittsboro Approves 7,120-Acre Master Plan and Rezoning

Pittsboro Approves 7,120-Acre Master Plan and Rezoning

In a 4-1 vote, the Pittsboro Board of Commissioners has approved the master plan and rezoning request for the impressive 7,120-acre Chatham Park mixed-use development project proposed by Preston Development Co. of Cary.…

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Crescent Communities’ 300-Unit Apartment Property in Durham Opens This Month; Franklin Hotel to Carry Hilton’s Curio Boutique Hotel Brand

Crescent Communities’ 300-Unit Apartment Property in Durham Opens This Month; Franklin Hotel to Carry Hilton’s Curio Boutique Hotel Brand

The Crescent Ninth Street multi-family community in north Durham is scheduled to open this month, the Herald Sun reports.…

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PMC Property, Kimpton Hotels to Convert Iconic 314,000-Sq.-Ft. Reynolds Building to Mixed-Use Upscale Apt. Property; State’s First Craft Beer Incubator Coming to Rocky Mount

PMC Property, Kimpton Hotels to Convert Iconic 314,000-Sq.-Ft. Reynolds Building to Mixed-Use Upscale Apt. Property; State’s First Craft Beer Incubator Coming to Rocky Mount

The historic art-deco style Reynolds Building in Winston-Salem will once again become the centerpiece of downtown activity, according to Andrew D. Gilchrist, president and chief commercial officer of R.J. Reynolds Tobacco Company.…

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Dominion-Prudential JV Plans New, 105,000-Sq.-Ft., Wade Office Park Building in West Raleigh

Dominion-Prudential JV Plans New, 105,000-Sq.-Ft., Wade Office Park Building in West Raleigh

Dominion Realty Partners is planning the development of a third building at the Wade office park near PNC Arena in West Raleigh.…

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