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Raleigh-Durham


Newland Buys Foreclosed 1,100-Acre Master-Planned Community in Wake County

Newland Buys Foreclosed 1,100-Acre Master-Planned Community in Wake County

San Diego-based Newland Communities has acquired the long-stalled Wendell Falls residential and commercial project in eastern Wake County. The NewsObserver reports that the developer paid $34 million for more than 1,100 acres of land that Wells Fargo foreclosed upon in 2010.…

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Construction to Begin on New GlenLake Office Building in West Raleigh

Construction to Begin on New GlenLake Office Building in West Raleigh

Highwoods Properties has announced it would soon break ground on its fourth building at the GlenLake Office Park near Crabtree Valley Mall in west Raleigh. The locally based real estate investment trust expects to invest $35.8 million in the development of the approximately 166,000-square-foot project, which is already 25 percent…

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LexisNexis Chooses 120,000-Sq.-Ft. in Centennial Campus for Expansion

LexisNexis Chooses 120,000-Sq.-Ft. in Centennial Campus for Expansion

Legal research firm LexisNexis has announced it would relocate its software division from Cary to Raleigh to accommodate the company’s growth. According to the Triangle Business Journal, LexisNexis will occupy the 120,000-square-foot office building on Centennial Campus that technology firm Red Hat had vacated earlier this year when it relocated…

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Crecent Signs up 6 Tenants for Property’s 17,900 SF Retail Component

Crecent Signs up 6 Tenants for Property’s 17,900 SF Retail Component

Six new tenants have recently committed to occupy the entire 17,900-square-foot street level retail component at Crescent Cameron Village, a mixed-use 282-unit residential community currently under construction in Raleigh’s historic Cameron Village.…

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Highwoods to Develop MetLife’s Global Technology and Operations Hub in Cary

Highwoods to Develop MetLife’s Global Technology and Operations Hub in Cary

Raleigh-based Highwoods Properties has unveiled its plans to develop a $110 million office park for MetLife on Weston Parkway in Cary.…

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Lawmakers Back Controversial 167-Acre Mega Development South of Durham

Lawmakers Back Controversial 167-Acre Mega Development South of Durham

751 South, a long-stalled residential and business mega development along the Durham-Chatham county line can finally move forward.…

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Carey Watermark Investors Acquires 400-Key Marriott in Downtown Raleigh for $83M

Carey Watermark Investors Acquires 400-Key Marriott in Downtown Raleigh for $83M

In an $83 million deal, Carey Watermark Investors Incorporated (CWI) has purchased the 400-room Marriott City Center hotel in downtown Raleigh. The New York-based real estate firm has also announced it would spend another $6 million to upgrade the 17-story property and cover other acquisition–related costs. The investment was financed…

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PREI Joins Dominion Realty to Develop $54M Charter Square Office Tower in Downtown Raleigh

PREI Joins Dominion Realty to Develop $54M Charter Square Office Tower in Downtown Raleigh

Prudential Real Estate Investors (PREI) has entered a $54 million joint venture with Dominion Realty Partners to develop the first phase of the Charter Square speculative office project in Raleigh.…

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Crescent Communities Offers Larger Apartments in $40M Multifamily Development

Crescent Communities Offers Larger Apartments in $40M Multifamily Development

Crescent Communities of Charlotte has announced plans to develop Crescent Main Street, a $40 million multifamily community in Durham's Ninth Street district.…

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Terwilliger Pappas Restarts Crabtree Village Mixed-use Development

Terwilliger Pappas Restarts Crabtree Village Mixed-use Development

Developers have begun construction on the first phase of the long-stalled Crabtree Village master plan in Raleigh.…

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Investor Buys Multifamily Property from PREI for $165,436 Per Unit

Investor Buys Multifamily Property from PREI for $165,436 Per Unit

The Alexan Garrett Farms, a 298-unit rental community located off of U.S. 15-501 in south Durham has recently changed owners. According to the Triangle Business Journal, real estate investment firm Bentall Kennedy of Boston has acquired the property from Prudential Real Estate Investors of Chicago. The community sold for $49.3…

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21c Museum Hotels to Convert SunTrust Building to Hotel for $48M

21c Museum Hotels to Convert SunTrust Building to Hotel for $48M

21c Museum Hotels of Louisville, Kentucky is reconverting the former SunTrust Building in downtown Durham into a hotel, restaurant and art museum.…

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