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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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Kane Realty Plans $82M Office High-Rise in North Hills

Kane Realty Plans $82M Office High-Rise in North Hills

Kane Realty is planning to develop an 18-story office tower at North Hills in Raleigh. According to the NewsObserver, the company expects to break ground on the $82 million project by December.…

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Ohio Investor Acquires Holly Springs Shopping Center for $11M

Ohio Investor Acquires Holly Springs Shopping Center for $11M

Aurora-based Optimus One LLC has recently purchased the SouthPark Village shopping center in Holly Springs. According to the Triangle Business Journal, SouthPark Village Investments I of Atlanta, which is led by Philip E. Stephens, sold the property for $11 million.…

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New York-Based Co. Buys Hope Valley Square in Durham for $7.7M

New York-Based Co. Buys Hope Valley Square in Durham for $7.7M

An affiliate of DNA Partners of Cold Spring Harbor, N.Y. has acquired the 40,524-square-foot Hope Valley Square retail center in Durham.…

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Erwin Square Plaza in Downtown Durham Changes Hands

Erwin Square Plaza in Downtown Durham Changes Hands

In a $37.5 million deal, Federal Capital Partners of Maryland has acquired the 10-story Erwin Square Plaza office building in downtown Durham from National Asset Services, Inc. of Los Angeles. Ben Kilgore at CBRE represented the seller in the transaction.…

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