Raleigh-Durham
Equus Capital Acquires Raleigh Multi-Family Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property
Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multi-family properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.
Raleigh Offers $38M for State-Owned Dorothea Dix Property Near Downtown
City leaders have offered the state $38 million for the purchase of the 308-acre Dorothea Dix property near downtown Raleigh. The move would allow local officials to move forward with their plans of turning most of the former psychiatric hospital campus into an urban park.
Northchase Office Park in Raleigh Welcomes New Tenant
Phillips Architecture has recently relocated to the newly renovated Northchase office park on SIx Forks Road in Raleigh.
DeWitt Carolinas Announces $50M Luxury Multi-Family Project in Wilmington
DeWitt Carolinas, Inc. of Raleigh has announced plans to develop a $50 million luxury apartment community along Port City Marina in downtown Wilmington. Construction is expected to begin this fall and be complete in about 16 months.
Officials Negotiate Incentives for Major Mixed-Use Project in Downtown Durham
Austin Lawrence Partners of Colorado is planning to redevelop the Jack Tar Motel on Corcoran Street in downtown Durham and build a 26-story mixed-use tower at the site of the former Woolworth store across the street.
Kisco Senior Living, Health Care REIT to Begin Construction on New CCRC in Raleigh
Plans are moving forward for The Cardinal at North Hills, a long-delayed Continuing Care Retirement Community (CCRC) in Raleigh.
New Hyatt Place Hotel Planned at Southern Village in Chapel Hill
A new five-story Hyatt Place hotel will soon rise at the Southern Village community in Chapel Hill. According to the Triangle Business Journal, Bryan Properties and its development partner, Beacon ING of Charlotte, have recently finalized a management agreement with the Hyatt Hotels Corp.
Award-Winning Heritage Community in Wake Forest Adds 61-Lot Neighborhood
Ammons Development has opened 61 private, wooded lots at the Heritage Enclave neighborhood in Wake Forest to the public for presales. The Heritage Custom Builder team will begin construction on the new luxury community this spring.
Ares Management Fund Acquires 33-Acre Warehouse in Morrisville for $26.9M
A real estate fund affiliated with Ares Management in Los Angeles has recently purchased the largest warehouse in Wake County, namely the 33-acre 900 Aviation property in Morrisville.
Research Triangle Foundation Buys 100 Acres for Triangle’s First Mixed-Use Expansion
The Research Triangle Foundation, the nonprofit that built the Research Triangle Park (RTP) back in the 50s, has recently announced the acquisition of several adjacent properties along I-40, where it intends to add new development.