Finance & Investment - Raleigh-Durham

  • Citrix Seeks New Space in Downtown Raleigh to Invest $12.5M

    by Adriana Pop, Associate Editor Citrix Systems Inc. plans to expand its data-sharing division by investing at least $12.5 million in a new facility in downtown Raleigh. The company chose Raleigh over Atlanta and Austin for its expansion. Jesse Lipson, general manager of Citrix Systems data sharing operations, told the Triangle Business Journal that the [...]

    14 June 2012 23:33
  • U-Haul Acquires 425-Unit Self-Storage Facility in Chapel Hill

    by Adriana Pop, Associate Editor U-Haul Company of Raleigh has expanded its network of self-storage locations with the purchase of an existing storage facility in Chapel Hill. Financial terms of the transaction were not disclosed. The new U-Haul Moving and Storage of Chapel Hill, formerly known as Ironclad Self Storage, features more than 425 storage [...]

    30 May 2012 21:24
  • Alamance Regional Medical Center Plans $60M Expansion

    by Adriana Pop, Associate Editor Alamance Regional Medical Center is planning a $60 million expansion, the largest since the hospital opened in 1995. According to The Business Journal, the campus improvement project includes a two-story, 40,000-square-foot cancer center to be located at the end of the Medical Arts building. The facility will feature new space [...]

    29 May 2012 18:44
  • Federal Capital, Kane Partner to Develop $53M Apartment Community

    by Adriana Pop, Associate Editor North Hills developer Kane Realty Corp. and Washington, D.C. real estate investor Federal Capital Partners (FCP) have formed a joint venture to finance the development of a $53 million apartment project in the North Hills area of Raleigh. According to the Triangle Business Journal, construction on the 400-unit luxury apartment [...]

    22 May 2012 21:16
  • Highwoods Properties Buys $26M Building from its Partner

    by Adriana Pop, Associate Editor Highwoods Properties Inc. has purchased full ownership of a 178,300-square-foot office building in Cary from its joint venture investor, in a transaction valued at $26 million. Highwoods had developed the four-story building located at 11000 Weston Parkway in 1998. One year later, the company sold 77 percent ownership in the property [...]

    16 May 2012 18:43
  • Raleigh Apartments Sell for Record $200,489-Per-Unit Price

    by Adriana Pop, Associate Editor Kane Realty Corp. has sold the Park & Market Apartments at North Hills East in Raleigh for $82 million. Dallas-based Crow Holdings Capital Partners acquired the multifamily property at a Triangle record price of $200,489 per unit. The Triangle Business Journal reports that Kane Realty developed the property in 2010. [...]

    04 May 2012 23:00
  • Nonprofit FHI 360 to Relocate HQ to American Tobacco Campus

    by Adriana Pop, Associate Editor FHI 360 plans to move its headquarters and about 400 employees to downtown Durham’s American Tobacco Campus next year. The transaction represents one of the largest leases signed in the Triangle in recent years, providing American Tobacco’s owner, Capitol Broadcasting, with an anchor tenant. The NewsObserver reports the Durham-based international nonprofit [...]

    27 April 2012 22:20