Marketing - Raleigh-Durham
-
Wheelock Street Capital Acquires 316-Acre Master-Planned Community from NVR; New Student Housing Project Rising in Winston-Salem
Wheelock Street Capital of Greenwich, Connecticut has acquired the 316-acre master-planned community of Jordan Pointe in Apex from national home-building holding company NVR, Inc., the parent company of NVHomes and Ryan Homes.
27 August 2014 21:54 -
Brookline Investment Group Acquires 236-Unit Multifamily Community in Durham for $23.6M; Investcorp Pays $84M for RTP’s Meridian Business Campus
Brookline Investment Group of Aliso Viejo, California is now the new owner of the newly renovated Yorktown Club apartment community in Durham.
22 August 2014 12:00 -
Equus Capital Acquires Raleigh Multifamily Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property
Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multifamily properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.
16 April 2014 23:29 -
Highwoods Properties to Develop $15M Build-To-Suit HQ for Biologics in Cary
Highwoods Properties has been selected to develop a 75,000-square-foot, three-story Class A office building for Biologics, Inc. in Cary. The new facility is slated to rise on seven acres of Highwoods -owned land at Weston Parkway.
22 January 2014 21:08 -
Cassidy Turley Arranges $78.7M in Financing for Forum Office Park in Raleigh
Commercial real estate firm Cassidy Turley has arranged financing totaling $78.7 million for The Forum office park in north Raleigh.
19 December 2013 23:24 -
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.
11 September 2013 22:53 -
Red Hat Subleases Headquarters Space from Progress Energy
by Adriana Pop, Associate Editor Red Hat plans to move its headquarters from North Carolina State University to a new 19-story, 365,000-square-foot, hi-rise downtown. Red Hat will be subleasing the space from Progress Energy. The lease contract amounts to about $86.68 million, not including concessions, over the next 23 years., the Triangle Business Journal reports. The new building, Red Hat Tower, is situated at [...]
06 April 2012 19:36 -
Chapel Hill Approves New Downtown Apartment Complex
by Adriana Pop, Associate Editor The Town Council in Chapel Hill unanimously approved the construction of Shortbread Lofts, an 85-unit apartment complex on West Rosemary Street. The development takes advantage of the strength of the Chapel Hill apartment market, which is experiencing [...]
10 March 2012 00:32 -
Landmark Group Obtains on $9.5 Million Tax Credit Financing
by Adriana Pop, Associate Editor WNC & Associates, Inc., a nationwide investment firm specializing in urban renewal and affordable housing projects, provided $9.5 million in Low Income Housing Tax Credit (LIHTC) financing to the Landmark Group for the redevelopment of a [...]
17 February 2012 16:45 -
Lockton Renews Lease with Highwoods
By Liviu Oltean, Associate Editor Lockton Inc. is renewing the lease with the Raleigh-based Highwoods Properties for the Country Club Plaza Valencia Place in Kansas City. The renewal will extend the company’s commitment until February 2030. Lockton Inc. is leasing about 170,000 square [...]
03 February 2012 23:25 -
Archon Group Acquires Six Office Properties in the Triangle Area
By Liviu Oltean, Associate Editor Duke Realty Corp. recently sold six office properties for $44 million to Archon Group of Irving, Texas, a real estate investment arm of Goldman Sachs. The buildings, located in Raleigh and Cary, had been acquired or developed [...]
27 January 2012 21:49 -
Red Hat to Sublease Two Progress Plaza from Progress Energy for $87M
By Liviu Oltean, Associate Editor Red Hat and Progress Energy’s negotiations over the sublease of the Two Progress Plaza tower have come to a close. The two companies have agreed to a 23-year sub-lease valued at about $87 million. According to a report [...]
05 January 2012 22:47 -
Brownstone Hotel Rebranded As DoubleTree; More Leasable Space on Flexible Terms in the Triangle Area
By Liviu Oltean, Associate Editor The Brownstone Hotel located at the corner of Hillsborough Street and Cox Avenue has been rebranded as a Doubletree by Hilton. The hotel has been managed under the Holiday Inn aegis for the past nine years. The rebranding comes after a [...]
19 December 2011 20:25 -
Kimco Realty Expands Portfolio with $42.7M Acquisitions
By Liviu Oltean, Associate Editor Kimco Realty Corp. purchased the Brennan Station retail center in north Raleigh for $27.15 million. The transaction also included the sale of a Harris Teeter-anchored shopping center in Cornelius. In total, the two properties were sold to [...]
14 December 2011 16:01 -
Highwoods Properties to Develop $50M HQ for LifePoint Hospitals
By Liviu Oltean, Associate Editor Highwoods Properties Inc. is planning new headquarters for LifePoint Hospitals Inc. The health care company has been leasing about 146,000 square feet of space from Highwoods, but the contracts will soon expire. The new seven-story headquarters will be located [...]
28 November 2011 16:48