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Raleigh-Durham


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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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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