Multifamily news in Raleigh-Durham
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Blue Heron Closes Construction Loan for NC Asset
The 164-unit community will rise next to Durham Central Park, replacing a functionally obsolete and underutilized building.
21 May 2018 15:38 -
Bainbridge Opens 200-Unit Luxury Community in Raleigh
Bainbridge Lake Crabtree is situated in Morrisville, N.C., within minutes of Research Triangle Park, and features a mix of one-, two- and three-bedroom floorplans.
04 May 2018 17:33 -
Waypoint Buys NC Apartments
The company acquired the 214-unit Capital Creek at Heritage, located in Raleigh's submarket Wake Forest, from TWO Capital Partners for $36.4 million.
19 April 2018 16:13 -
JV Buys 176-Unit Raleigh-Area Senior Community
Cushman & Wakefield brokered the sale of Woodland Terrace in Cary, N.C., comprising 104 independent living, 36 assisted living and 36 memory care units.
17 April 2018 17:13 -
Raleigh Senior Community Expands
Kisco Senior Living’s Cardinal at North Hills will expand its campus with a 15-story high-rise building, which will add 160 units to the property.
12 April 2018 15:27 -
Luxury Raleigh Community Breaks Ground
The first phase of Exchange at Holly Springs is slated to bring 316 units across 11 buildings, with a second phase in early planning stages.
29 March 2018 12:15 -
Raleigh-Area Property Trades for $43M
The new owner, a joint venture between DRA Advisors and Fogelman Properties, plans to implement both in-unit and amenities upgrades.
29 March 2018 09:23 -
Audubon Enters Raleigh-Durham Market
The company acquired and rebranded a 501-unit Durham community and plans to invest $5 million in capital improvements.
26 March 2018 13:58 -
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 -
Economic Growth Pushes Up Demand in Raleigh
The area’s multifamily market had a healthy run in 2017. Favorable living and wage conditions lure many local graduates to remain within the region, expanding the Research Triangle’s economy and fueling rental demand.
23 February 2018 14:50 -
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