Raleigh-Durham
Highwoods Properties Sells RTP Office Complex for $58.7M
In its second quarter earnings report, Highwoods Properties has announced the sale of the Research Commons Office complex in Research Triangle Park. The property, which consists of five buildings and a 13-acre future development site, sold to an undisclosed buyer for $58.7 million.
Master-Planned Community’s First Homes at Wendell Falls to Open by Next Spring
The first homes at Wendell Falls, Newland Communities’ 1,115-acre master-planned development in eastern Wake County, are scheduled for completion by next spring.
Oak Residential Partners Acquires Multi-Family Property for $33M; Liberty Property Trust Plans Speculative Industrial Park in Durham
Oak Residential Partners LLC of Deerfield, Ill. is the new owner of the Evergreens at Mount Moriah, a 268-unit garden-style apartment community in Durham.
Bayer CropScience Announces $30M HQ Expansion at Research Triangle Park
Plant science company Bayer CropScience is planning to invest $29.6 million in the expansion of its North American and global Seeds headquarters in the Research Triangle Park.
Grubb, Kalikow Break Ground on Link Apartments Glenwood South in Raleigh
Grubb Properties, in partnership with The Kalikow Group, has officially broken ground on Link Apartments, Glenwood South, a 204-unit apartment community in Raleigh.
Developers Top Off $60M SkyHouse Apartment High-Rise in Downtown Raleigh
Construction is moving forward for the 23-story SkyHouse apartment tower at the corner of Martin and Blount streets in downtown Raleigh.
Martin Fein Interests Develops 335-Unit Luxury Apartment Complex Near Crabtree Valley Mall in Raleigh
Martin Fein Interests is planning to break ground on a 335-unit luxury apartment complex on the Kidd’s Hill Plaza property behind Crabtree Valley Mall in Raleigh in the next few weeks.
Pittsboro Approves 7,120-Acre Master Plan and Rezoning
In a 4-1 vote, the Pittsboro Board of Commissioners has approved the master plan and rezoning request for the impressive 7,120-acre Chatham Park mixed-use development project proposed by Preston Development Co. of Cary.
Crescent Communities’ 300-Unit Apartment Property in Durham Opens This Month; Franklin Hotel to Carry Hilton’s Curio Boutique Hotel Brand
The Crescent Ninth Street multi-family community in north Durham is scheduled to open this month, the Herald Sun reports.
PMC Property, Kimpton Hotels to Convert Iconic 314,000-Sq.-Ft. Reynolds Building to Mixed-Use Upscale Apt. Property; State’s First Craft Beer Incubator Coming to Rocky Mount
The historic art-deco style Reynolds Building in Winston-Salem will once again become the centerpiece of downtown activity, according to Andrew D. Gilchrist, president and chief commercial officer of R.J. Reynolds Tobacco Company.