Raleigh-Durham
PRG Buys 396-Unit Raleigh Apartment Complex, Plans Major Upgrades
PRG Real Estate has acquired The Falls Apartment Homes, a 396-unit garden-style apartment community in northwest Raleigh.
Q&A with Daniel Eller, President & CEO of Eller Capital Partners
Eller Capital is committed to offering apartment units with modern, upscale finishes at an accessible price. This spring, the company has launched an incentive program for public employees.
Armada Hoffler Sells Newly Built Multifamily Property in Durham for $35.6M
Armada Hoffler Properties is selling the Whetstone Apartments community in Durham for $35.6 million to an undisclosed buyer.
21c Museum Hotel in Durham Welcomes First Guests
The 21c Museum Hotel in the heart of downtown Durham is now open.
JHM Hotels Buys Embassy Suites in Raleigh, N.C. for $22M
The 225-key Embassy Suites Hotel near Crabtree Valley Mall in Raleigh has a new owner.
Eller Capital Partners Acquires Value-Add Opportunity in Chapel Hill for $3.6M
Eller Capital Partners has recently acquired the Colonial Arms Apartments on Hillsborough Street in Chapel Hill. The company paid $3.6 million for the 41-unit, townhouse-style community, which it rebranded as 612 Hillsborough.
Out-of-State Investor Group Buys Crabtree Valley Office Building for $7M
The five-story TrustAtlantic Bank office property at the corner of Glenwood Avenue and Creedmoor Road in Raleigh has a new owner.
Two Capital Breaks Ground on $30M Multi-Family Development in a Top 50 Master Planned Community
Construction has begun on Capital Creek, a 214-unit multi-family complex within the Heritage master-planned community in Wake Forest.
Joint Venture Plans Speculative Industrial, Office Expansion at Business Park in Zebulon
A joint venture between Mark Andrews of TME Investments and the Noël family is planning to expand the Triangle East Business Park in Zebulon.
CBL Disposes of Majority Ownership in Debt-Laden Mall Property in Raleigh
In a $181 million deal, CBL & Associates Properties and its 50-50 joint venture partner, The R.E. Jacobs Group, are selling the Triangle Town Center and the adjacent Triangle Town Place shopping center in north Raleigh to an institutional investor.