Raleigh-Durham
Nonprofit FHI 360 Opens New HQ at American Tobacco in Durham
International nonprofit organization FHI 360 has opened its new headquarters at the recently completed LEED-certified Diamond View III building within the American Tobacco Campus in downtown Durham.
Davis Property to Start Construction on 243-Unit Apartment Project in Raleigh
Construction is about to begin on the 243-unit Jones Grant Apartments complex in Raleigh.
Associated Estates Purchases Apt. Portfolio from Northwood Ravin for $329.9M
In a $323.9 million deal, Charlotte-based developer Northwood Ravin is selling a portfolio of seven apartment communities totaling 1,606 units to Ohio real estate investment trust Associated Estates Realty Corp.
Bell Partners Acquires Apartments in Raleigh for $46.8M, Sells in Chapel Hill
Apartment investment and management company Bell Partners Inc. of Greensboro has recently purchased The Woodlands at Wakefield Plantation, a 360-unit multi-family community in north Raleigh, which it renamed Bell Wakefield. According to the Triangle Business Journal, an entity managed by Altman Development Corp. of Boca Raton, Fla. sold the property for $46.8 million.
Highwoods Breaks Ground on $110M Build-to-Suit Technology Hub for MetLife
MetLife has recently celebrated the groundbreaking of its new build-to-suit global technology hub in Cary.
$60M M-F Project Green-Lighted for Raleigh’s Apartment Hungry Gen-Y
SkyHouse Raleigh, a 320-unit luxury high-rise, will soon sprout up downtown now that Novare Group, Batson-Cook Development Co. and Edison Land have issued a notice to proceed for the $60 million project.
Novare, Beacon Partners to Break Ground on $60M Luxury Apts. in Downtown Raleigh
Atlanta-based Novare Group and Gregg Sandreuter’s Beacon Partners are about to break ground on SkyHouse Raleigh, a 23-story luxury apartment tower planned for the southwest corner of Martin and Blount streets in the city’s downtown.
Newland Buys Foreclosed 1,100-Acre Master-Planned Community in Wake County
San Diego-based Newland Communities has acquired the long-stalled Wendell Falls residential and commercial project in eastern Wake County. The NewsObserver reports that the developer paid $34 million for more than 1,100 acres of land that Wells Fargo foreclosed upon in 2010.
Aloft Hotels Slated to Open in Raleigh and Durham by Mid-2015
Starwood Hotels & Resorts has announced it would bring the Aloft brand to the Triangle with the opening of two new properties.
Construction to Begin on New GlenLake Office Building in West Raleigh
Highwoods Properties has announced it would soon break ground on its fourth building at the GlenLake Office Park near Crabtree Valley Mall in west Raleigh. The locally based real estate investment trust expects to invest $35.8 million in the development of the approximately 166,000-square-foot project, which is already 25 percent leased.