Raleigh-Durham
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.
Trade Street Residential Acquires Newly Completed, 288-Unit Apt. Property for $37.2M
Trade Street Residential, Inc. of Aventura, Fla. has recently announced it paid $37.2 million to acquire The Estates at Wake Forest, a newly constructed 288-unit apartment community located at 1524 Woodfield Creek Drive in Wake Forest.
Highwoods Properties to Develop $15M Build-To-Suit HQ for Biologics in Cary
Highwoods Properties has been selected to develop a 75,000-square-foot, three-story Class A office building for Biologics, Inc. in Cary. The new facility is slated to rise on seven acres of Highwoods -owned land at Weston Parkway.
Grubb Properties Acquires Beckanna on Glenwood Multi-Family Community in Raleigh
An affiliate of Grubb Properties of Charlotte has recently purchased the 254-unit Beckanna on Glenwood apartment complex in Raleigh. According to the Triangle Business Journal, an affiliate of Trade Street Residential of Aventura, Fla. sold the 1960s-era property at 3939 Glenwood Avenue for $8.8 million, or $34,646 per unit.
Middle Street Partners Acquires Mebane Multi-Family Community for $21.5M
Middle Street Partners LLC of James Island, S.C. has acquired the Carden Place Apartments at 101 Carden Place Drive in Mebane. According to the CoStar Group, Greensboro-based Brown Investment Properties sold the 240-unit community for $21.5 million, or approximately $90,000 per unit.
Cassidy Turley Arranges $78.7M in Financing for Forum Office Park in Raleigh
Commercial real estate firm Cassidy Turley has arranged financing totaling $78.7 million for The Forum office park in north Raleigh.