Raleigh-Durham
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.
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.