Raleigh-Durham
NC Office Asset Fetches $56M
HFF marketed the property on behalf of an institutional owner advised by Clarion Partners, and arranged acquisition financing with Citizens Bank.
Hock Plaza in Durham Fetches $142M
The medical and educational office building is home to 34 different Duke University institutes and research functions, including the Center for Autism and Brain Development.
Durham Office Campus Commands $37M
Central Park South and West in Durham, N.C., spread across 18 acres and are located near the Research Triangle Park, one of the largest research campuses in the world.
Penn Compression Expands Raleigh-Area Footprint
The manufacturer intends to invest $3 million in expanding the company’s Smithfield, N.C., operations by 30,000 square feet of space.
NC Triangle Office Asset Strengthens Tenant Roster
SolarWinds, a provider of powerful and affordable IT management software, joins Align Technology at Forty450 and will occupy the top floor of the property.
The Dillon Grows Office Tenant Roster
The mixed-use development’s office tower is currently 40 percent pre-leased. Construction of The Dillon is expected to be complete in early 2018.
Raleigh Hotel Market: On the Rise
The City of Oaks’ economy and lodging industry continues to see strong growth, as the area remains a premier destination for business and tourism. Consulting firm HVS’ research pointed out that Raleigh’s hotel industry is performing well, making Raleigh one of the top hospitality markets in the country.
Raleigh Office Building Nearing Full Occupancy
Completed earlier this month, Wade IV is the newest addition to the four-building, mixed-use campus dubbed the Offices at Wade.
BB&T Grabs Raleigh Office Building in $34M Deal
In addition to Highwoods Tower One, Highwoods Properties has agreed to sell the adjacent Highwoods Tower Two. The second transaction is scheduled to close in the second quarter of 2018.
New Marriott Hotel Opens in Raleigh, NC
The StateView is part of the Centennial Campus of North Carolina State University. At completion, the campus will house nine million square feet of commercial, residential, laboratory and research facilities.