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Raleigh-Durham


Concord Eastridge Plans 150-Key Hyatt Place Property on Raleigh’s Centennial Campus

Concord Eastridge Plans 150-Key Hyatt Place Property on Raleigh’s Centennial Campus

Concord Eastridge Inc. is planning to develop a Hyatt Place hotel and conference center on North Carolina State University's Centennial Campus in Raleigh. According to the Triangle Business Journal, construction on the project is expected to begin early next year and be complete by mid-2015.…

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Development Group Plans Major Apartment Project East of Downtown Raleigh

Development Group Plans Major Apartment Project East of Downtown Raleigh

The Florian Companies, along with Hyde Street Holdings and Banner Apartments are planning to develop a 224-unit, four-story apartment building near Moore Square in downtown Raleigh. According to the NewsObserver, the project will be located on a vacant 2-acre lot currently owned by Gordon Smith III. The development group intends…

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Federal Capital to Break Ground on Third Phase of Downtown Durham Project

Federal Capital to Break Ground on Third Phase of Downtown Durham Project

Construction on the third phase of West Village in downtown Durham is expected to start in June, Federal Capital Partners announced.…

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Local Developer Proposes New Plan for Mixed-Use Stanhope Center in Raleigh

Local Developer Proposes New Plan for Mixed-Use Stanhope Center in Raleigh

Local developer Melton “Val” Valentine has submitted a new plan for the three-building mixed-use project along Hillsborough Street near N.C. State University in Raleigh. According to the Triangle Business Journal, Valentine is proposing two five-story retail and residential buildings, as well as a 70-foot-tall parking deck. The new development will…

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Developers, City Move Forward on $54M Spec Office High-Rise in Downtown Raleigh

Developers, City Move Forward on $54M Spec Office High-Rise in Downtown Raleigh

Locally based developer Dominion Realty Partners has joined Charter Square, LLC and the City of Raleigh to develop a speculative office project in the heart of the city’s downtown. Construction on the first of the two Charter Square buildings in the 400 block of Fayetteville Street is expected to begin…

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Austin Lawrence to Develop $40M Mixed-Used Tower in Durham’s Historic District

Austin Lawrence to Develop $40M Mixed-Used Tower in Durham’s Historic District

The Historic Preservation Commission has approved the construction of a 26-story mixed-use building in the heart of downtown Durham. According to the NewsObserver, the proposed “City Center” high-rise will include 25,000 square feet of ground floor retail; 70,000 square feet of offices; and 133 luxury apartments on the upper 21…

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Level Homes Launches National Expansion in the Triangle

Level Homes Launches National Expansion in the Triangle

In its first foray outside Louisiana, Baton Rouge-based Level Homes is planning to develop three communities totaling 230 single-family homes in Apex, Cary and Durham. According to the Triangle Business Journal, the company has recently opened a new regional office in downtown Raleigh to market its expansion. In Apex, Level Homes…

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Virginia Beach Investor Acquires West Raleigh Office Building for $8.3M

Virginia Beach Investor Acquires West Raleigh Office Building for $8.3M

Continental Capital Management of Virginia Beach, Va. has recently purchased a three-story, 61,412-square-foot office building in West Raleigh. According to the Triangle Business Journal, shopping mall operator CBL & Associates Properties sold the asset for $8.3 million. At the time of sale, the building at 1500 Sunday Drive within Trinity…

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Oaktree-NFR Partnership Acquires 450K SF Wells Fargo Operations Center in Raleigh

Oaktree-NFR Partnership Acquires 450K SF Wells Fargo Operations Center in Raleigh

An affiliate of Oaktree Capital Management, L.P. in partnership with National Financial Realty, Inc. (NFR) of Los Angeles has recently purchased the 450,000-square-foot Wells Fargo office park in west Raleigh, the Triangle Business Journal reports. Located at 1100 Corporate Center Drive, the three-building property has a tax value of $64…

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Hotel, Retail Development Breaks Ground on 6.4-Acre Rezoned Site Near Interstate 40

Hotel, Retail Development Breaks Ground on 6.4-Acre Rezoned Site Near Interstate 40

A joint venture between MJM Group and Griffin Stafford of Charlotte is currently developing a new hotel and retail center in Durham. According to the NewsObserver, plans call for a 105-room hotel, as well as 30,000 square feet of retail, restaurant and medical office space. The developers have spent several…

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Raleigh’s Smoke-Free Apartment Communities in High Demand

Raleigh’s Smoke-Free Apartment Communities in High Demand

Residents at the new Water Garden Village community in northwest Raleigh can breathe easy on the entire 11-acre property. According to WRAL, the recently opened 100 percent smoke-free apartment complex has been quite successful, leasing within nearly a month of opening. Located at 8441 Mount Valley Lane, the 60-unit community…

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Centennial Acquires Multi-Family Complex from JP Morgan Affiliate for $39M

Centennial Acquires Multi-Family Complex from JP Morgan Affiliate for $39M

Atlanta-based Centennial Holding Company LLC has recently purchased the 270-unit Addington Farms apartment community in Durham, which it renamed Century Trinity Estates. The Triangle Business Journal reports that an affiliate of J.P. Morgan Investment Management Inc. of New York has sold the property for $38.6 million. Located at 240 Ivy Meadow…

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