Charlotte
Mixed-use Midtown Asset Sold for $94M; Suburban Medical Facility Trades for $14M
Birmingham, Alabama-based Colonial properties Trust, Inc. has announced the sale of Metropolitan Midtown in Charlotte, North Carolina. The mixed-use property, developed in 2008 with Pappas Properties brought in sales proceeds of $94.4 million
Brookdale Senior Living Therapy Clinics Upgraded; Historic Building Becomes Medical Office Suite
Robycross, a national retirement community and healthcare center renovation company has announced completing renovation work started in mid-2012 on eight Brookdale Senior Living communities in North Carolina.
$16.5M Refinancing Set for The Village of Ballantyne; Library Plans Approved by County
Southwood Realty Company, Inc. a privately owned property management company headquartered in Gastonia, NC has secured first mortgage refinancing of $16.5 million for The Village of Ballantyne, Southwood’s 240-unit multifamily property located in Gastonia.
Carolina Pavilion Sold for $106M
The start of a new year, as always, is the time of reports in the real estate industry. And so, DDR Corp., an owner and manager of value-oriented shopping centers in the Americas has as also released its sales and acquisitions activity report for the fourth quarter of 2012.
Clarion Nabs $296M Financing for M-F Office Portfolio
Clarion Partners will have some hefty payments to make in the new year, now that a $296 million financing package for a 10-building, 1.6 million-square-foot portfolio of Class A office buildings it owns has been completed.
Regency Buys Interest in Philips Place; 476-Unit Apartment Community Sold in $95M Portfolio
Regency Centers Corporation ended December like most of us: on a shopping spree. Regency, a national owner, operator, and developer of grocery-anchored and community shopping centers acquired four shopping centers in the last month of November, at a total purchase price of $188.5 million.
Crescent Resources Announces $36M Student Housing Project
Charlotte-based real estate development company Crescent Resources has announced Circle University City, a 546-bed student housing project near the University of North Carolina (UNC) Charlotte campus. onstruction one the $36 million is set to start by December 23rd.
$34M Medical Facility Expansion Completed; Cole Corporate Purchases $42M Office Building
The Catawba Valley Medical Center has announced the dedication of the new Pavilion at Catawba Valley Medical Center (CVMC) in Hickory, NC, marking the completion of a $34 million project.
Crescent Develops $33M Luxury Apartment Community in Charlotte
Crescent Resources continues its expansion in Charlotte’s multifamily market. For its newest project the Charlotte-based developer has partnered up with Global Growth Trust, Inc., a non-traded REIT focused on providing capital appreciation for investors.
Hines Continues Green Streak in Charlotte with Carillon LEED Gold Certification
International real estate firm Hines reiterated its commitment to sustainability, announcing the LEED Gold Certification of the 24-story Carillon office tower in downtown Charlotte.