Finance & Investment - Raleigh-Durham
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PAC Sells $43M Suburban Raleigh Asset
Built in 1997, the 328-unit Lake Cameron was the oldest property in the company's portfolio, having most recently traded in 2006 for just above half the current price.
22 March 2018 13:30 -
JV Acquires Land for Senior Housing Project in Raleigh
The fourth and final 8.5-acre parcel of the St. Albans at Midtown development has traded for $3.9 million. The new owners are planning to use the site for the construction of a 189-unit retirement community.
14 March 2018 16:52 -
HFF Arranges $32M in Financing for NC Community
Senior Managing Director Travis Anderson and Senior Directors Cory Fowler and Roger Edwards worked on behalf of the developer, Leon Capital Group.
23 February 2018 10:53 -
Banner Refinances 224-Unit NC Property
The 224-unit Lincoln Apartments, located near Raleigh's city center, was completed in late 2015 and was 92 percent occupied as of January.
22 February 2018 09:20 -
HFF Arranges Financing for NC Mixed-Use
Williams Realty and Building Co. and Kane Realty Corp. are developing the Raleigh property, which will include 417 units, a supermarket, 5,340 square feet of retail space and 735 parking spots.
21 February 2018 15:47 -
CBRE Facilitates $42M Financing for Durham-Area Acquisition
Steve Heffner, Nate Sittema and Kristen Reilley from the company’s Charlotte office secured the Fannie Mae loan on behalf of the buyer, Centennial Holding Co.
05 February 2018 15:49 -
Greystone Closes $80M NC Deal
The transaction allows the company to convert the financial structure of 645 affordable housing units across nine communities for the Greensboro Housing Authority.
26 January 2018 20:00 -
Hudson Capital Buys 512 Units in NC, GA
The company purchased two communities—Cary Reserve at Weston and Willow Trail—for $66 million, with the aim of investing an additional $7 million for capital improvements.
25 January 2018 17:48 -
Multifamily Markets Positioned to Win in 2018
Above-trend population increases and job gains in non-gateway cities are generating strong investor and resident demand for multifamily housing, explained IRT Chairman & CEO Scott Schaeffer. Here are three such markets poised to benefit from this trend in 2018.
16 January 2018 20:40 -
JV to Invest $550M in National Portfolio
Cortland Partners, Canada Pension Plan Investment Board and GIC plan to acquire and renovate 8,000 to 10,000 Class B multifamily units across the U.S.
15 January 2018 16:44 -
AZ, NC Senior Housing Lands $50M
Greystone arranged the construction financing for the assets, which will comprise a total of 386 units.
13 December 2017 19:25 -
Inland Group Lands $50M NC Community
Inland Real Estate Acquisitions closed the purchase of a 304-unit community in Knightdale, N.C. Senior Vice President Mark Cosenza completed the deal with assistance from Brett Smith, assistant vice president & associate counsel of The Inland Real Estate Group.
07 December 2017 15:55 -
Taurus Nabs NC Apartments for $54M
The company plans to renovate the 302-unit Brook Arbor Apartments, located in Cary. Additionally, it intends to work with The Dolben Co. to incorporate select sustainability upgrades and a renewable energy system.
27 November 2017 16:02 -
Beverly Hills Firm Enters NC Market With $37M Buy
Peter Sherman, Craig Cadwallader, Grant Linderman and Sam Chow with Avison Young represented Inco Montera, the buyer of Woodfield Glen Apartments in Raleigh. ARA Newmark worked on behalf of the seller, Grayco Inc.
02 November 2017 18:20 -
CalAtlantic Homes Opens Raleigh-Area Community
Silver Grove is a new townhome property in Cary, N.C., five miles from the Research Triangle Park. Pricing starts in the low $300,000s.
09 October 2017 14:29