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DeWitt Carolinas Announces $50M Luxury Multi-Family Project in Wilmington

DeWitt Carolinas Announces $50M Luxury Multi-Family Project in Wilmington

DeWitt Carolinas, Inc. of Raleigh has announced plans to develop a $50 million luxury apartment community along Port City Marina in downtown Wilmington. Construction is expected to begin this fall and be complete in about 16 months.…

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Officials Negotiate Incentives for Major Mixed-Use Project in Downtown Durham

Officials Negotiate Incentives for Major Mixed-Use Project in Downtown Durham

Austin Lawrence Partners of Colorado is planning to redevelop the Jack Tar Motel on Corcoran Street in downtown Durham and build a 26-story mixed-use tower at the site of the former Woolworth store across the street.…

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Raleigh Apartment Market Podcast

Raleigh Apartment Market Podcast

Pierce Eislen's Ron Brock Sr. and MHN's research editor Jack Kern discuss Raleigh-Durham apartment market fundamentals in this edition of our market research podcast hosted by senior associate editor Mike Ratliff. …

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Kisco Senior Living, Health Care REIT to Begin Construction on New CCRC in Raleigh

Kisco Senior Living, Health Care REIT to Begin Construction on New CCRC in Raleigh

Plans are moving forward for The Cardinal at North Hills, a long-delayed Continuing Care Retirement Community in Raleigh.…

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Trade Street to Acquire Pair of Luxury Apartment Properties

Trade Street to Acquire Pair of Luxury Apartment Properties

Trade Street Residential has announced that it plans to acquire two newly-built apartment communities with a combined 502 units. One asset is in Raleigh, N.C., the other is in suburban Atlanta.…

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New Hyatt Place Hotel Planned at Southern Village in Chapel Hill

New Hyatt Place Hotel Planned at Southern Village in Chapel Hill

A new five-story Hyatt Place hotel will soon rise at the Southern Village community in Chapel Hill. According to the Triangle Business Journal, Bryan Properties and its development partner, Beacon ING of Charlotte, have recently finalized a management agreement with the Hyatt Hotels Corp.…

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Award-Winning Heritage Community in Wake Forest Adds 61-Lot Neighborhood

Award-Winning Heritage Community in Wake Forest Adds 61-Lot Neighborhood

Ammons Development has opened 61 private, wooded lots at the Heritage Enclave neighborhood in Wake Forest to the public for presales. The Heritage Custom Builder team will begin construction on the new luxury community this spring.…

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Wood Partners Opens North Carolina Apartment Property

Wood Partners Opens North Carolina Apartment Property

The Bristol is now leasing in Morrisville, N.C. The 260-unit property was developed by Wood Partners as part of Park West Village, a 100-acre mixed-use development. …

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Ares Management Fund Acquires 33-Acre Warehouse in Morrisville for $26.9M

Ares Management Fund Acquires 33-Acre Warehouse in Morrisville for $26.9M

A real estate fund affiliated with Ares Management in Los Angeles has recently purchased the largest warehouse in Wake County, namely the 33-acre 900 Aviation property in Morrisville.…

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Research Triangle Foundation Buys 100 Acres for Triangle’s First Mixed-Use Expansion

Research Triangle Foundation Buys 100 Acres for Triangle’s First Mixed-Use Expansion

The Research Triangle Foundation, the nonprofit that built the Research Triangle Park (RTP) back in the 50s, has recently announced the acquisition of several adjacent properties along I-40, where it intends to add new development.…

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Trade Street Residential Acquires Newly Completed, 288-Unit Apt. Property for $37.2M

Trade Street Residential Acquires Newly Completed, 288-Unit Apt. Property for $37.2M

Trade Street Residential, Inc. of Aventura, Fla. has recently announced it paid $37.2 million to acquire The Estates at Wake Forest, a newly constructed 288-unit apartment community located at 1524 Woodfield Creek Drive in Wake Forest.…

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Highwoods Properties to Develop $15M Build-To-Suit HQ for Biologics in Cary

Highwoods Properties to Develop $15M Build-To-Suit HQ for Biologics in Cary

Highwoods Properties has been selected to develop a 75,000-square-foot, three-story Class A office building for Biologics, Inc. in Cary. The new facility is slated to rise on seven acres of Highwoods -owned land at Weston Parkway.…

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