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Raleigh-Durham


North Carolina and Raleigh Reach $52M Agreement on Former Dix Hospital Campus

North Carolina and Raleigh Reach $52M Agreement on Former Dix Hospital Campus

After months of negotiations, state and municipal leaders have reached a deal that paves the way for the creation of the city’s own Central Park.…

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Crescent Communities Completes Sales of Two Multi-Family Properties to Berkshire Group Affiliate

Crescent Communities Completes Sales of Two Multi-Family Properties to Berkshire Group Affiliate

by Adriana Pop, Associate Editor Charlotte-based Crescent Communities recently sold the 303-unit Crescent Ninth Street apartment complex in Durham. According to the Triangle Business Journal, a Berkshire Group affiliate paid $77 million, or approximately $254,000 per unit, to acquire the property. In another recent transaction, the company purchased the 282-unit Crescent…

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Lexerd Buys 354-Unit Foxfire Apartments in Durham; Berkshire Group Breaks Record with $76.8M Apt. Purchase from Crescent Communities

Lexerd Buys 354-Unit Foxfire Apartments in Durham; Berkshire Group Breaks Record with $76.8M Apt. Purchase from Crescent Communities

Private Equity Firm Lexerd Capital Management LLC has announced the purchase of Foxfire Apartments, a 354-unit apartment community in Durham, NC.…

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Lennar to Develop Carolina Row Mixed-Use Project; Dilweg Completes $22M Refinancing Loan for Capital Center Office Complex

Lennar to Develop Carolina Row Mixed-Use Project; Dilweg Completes $22M Refinancing Loan for Capital Center Office Complex

Lennar Commercial is now the new developer of the 10-acre Carolina Row at Crabtree Valley retail complex on Glenwood Avenue in Raleigh.…

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Grubb Ventures Plans $500M High-Density Mixed-Use Revitalization Project in Raleigh

Grubb Ventures Plans $500M High-Density Mixed-Use Revitalization Project in Raleigh

An aging office park along one of the busiest stretches of Glenwood Avenue in Raleigh could soon be transformed into a mix of high-end shops, apartments, offices and a hotel.…

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Sherman Residential Acquires Raleigh Multi-Family Complex for $48.5M; The Carroll Organization Buys Apartment Community in Chapel Hill for $30M

Sherman Residential Acquires Raleigh Multi-Family Complex for $48.5M; The Carroll Organization Buys Apartment Community in Chapel Hill for $30M

The 298-unit Manor Six Forks apartment community in Raleigh now has a new owner.…

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Halle Cos. Plans 300-Acre Mixed-Use Residential Development off Durham Freeway

Halle Cos. Plans 300-Acre Mixed-Use Residential Development off Durham Freeway

A new mixed-use residential development could soon rise on a 300-acre site just off the Durham Freeway at the Ellis Road exit.…

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Crescent’s $700M Multifamily Portfolio Sale Includes Three New Triangle Apartment Communities

Crescent’s $700M Multifamily Portfolio Sale Includes Three New Triangle Apartment Communities

Crescent Communities has announced plans to sell a portfolio of nine new apartment communities in North Carolina, Florida and Georgia, for a total of approximately $700 million.…

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Weinstein Properties Buys 260-Unit Apartment Complex in Morrisville for $53M; Greystone Property Management Acquires Raleigh Multi-Family Portfolio for $18.4M

Weinstein Properties Buys 260-Unit Apartment Complex in Morrisville for $53M; Greystone Property Management Acquires Raleigh Multi-Family Portfolio for $18.4M

The newly built Bristol multi-family community within Morrisville’s 100-acre Park West Village retail and commercial center has a new owner.…

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Argos Therapeutics Celebrates Groundbreaking of $57M Manufacturing Facility in Durham

Argos Therapeutics Celebrates Groundbreaking of $57M Manufacturing Facility in Durham

Durham's biopharmaceutical company Argos Therapeutics, Inc. held a groundbreaking ceremony for its new 100,000-square-foot drug manufacturing plant in Durham.…

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Citrix Celebrates Opening of 170,000-Sq.-Ft. HQ in Downtown Raleigh

Citrix Celebrates Opening of 170,000-Sq.-Ft. HQ in Downtown Raleigh

Citrix Systems held a ribbon cutting event for its new office building in the city’s downtown Warehouse District.…

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Record $1.8B Apt. Portfolio Sale to Lone Star Includes 7 Triangle Properties

Record $1.8B Apt. Portfolio Sale to Lone Star Includes 7 Triangle Properties

Seven Triangle apartment properties were part of one of this year’s largest multi-family transactions, the Triangle Business Journal reports.…

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