Raleigh-Durham
Archon Group Acquires Six Office Properties in the Triangle Area
By Liviu Oltean, Associate Editor
Duke Realty Corp. recently sold six office properties for $44 million to Archon Group of Irving, Texas, a real estate investment arm of Goldman Sachs.
The buildings, located in Raleigh and Cary, had been acquired or developed […]
Federal Capital Partners Purchases Loft Mixed-Use for $35.25M
By Liviu Oltean, Associate Editor
Federal Capital Partners (FCP) recently acquired the first phase of West Village in Durham for $35.25 million. The seller was BGL Real Estate Advisors, which was represented by First Capital Realty of Bethesda, Md.
According to the CityBizList, […]
UNC Health Purchases 47 Acres from Blue Cross for $14.25 Million
By Liviu Oltean, Associate Editor
UNC Health recently acquired 47 acres of land from Blue Cross and Blue Shield of North Carolina for $14.25 million.
The tract, located on U.S. 15/501, across Blue Cross and Blue Shield’s Chapel Hill HQ, also includes […]
Red Hat to Sublease Two Progress Plaza from Progress Energy for $87M
By Liviu Oltean, Associate Editor
Red Hat and Progress Energy’s negotiations over the sublease of the Two Progress Plaza tower have come to a close. The two companies have agreed to a 23-year sub-lease valued at about $87 million.
According to a report […]
Highwood Plans $25.2M Rehab for PPG Place
By Liviu Oltean, Associate Editor
Highwood Properties Inc. has revealed a $25.2 million upgrade plan for the PPG Place complex, which incorporates six class A buildings ranging from 37,000 to 900,000 sq. ft. Highwood Properties purchased PPG Place for $214.1 million.
According […]
Brownstone Hotel Rebranded As DoubleTree; More Leasable Space on Flexible Terms in the Triangle Area
By Liviu Oltean, Associate Editor
The Brownstone Hotel located at the corner of Hillsborough Street and Cox Avenue has been rebranded as a Doubletree by Hilton. The hotel has been managed under the Holiday Inn aegis for the past nine years.
The rebranding comes after a […]
Kimco Realty Expands Portfolio with $42.7M Acquisitions
By Liviu Oltean, Associate Editor
Kimco Realty Corp. purchased the Brennan Station retail center in north Raleigh for $27.15 million. The transaction also included the sale of a Harris Teeter-anchored shopping center in Cornelius. In total, the two properties were sold to […]
Stag Industrial Buys Warehouse Facility for $8.1M
By Liviu Oltean, Associate Editor
Stag Industrial Inc. has acquired the OPW Fueling Containment Systems property for $8.1 million from an undisclosed seller.
OPW in Smithfield, a provider of underground fuel containers to gas stations, has been leasing the 191,450-square-foot warehouse and distribution […]
Highwoods Properties to Develop $50M HQ for LifePoint Hospitals
By Liviu Oltean, Associate Editor
Highwoods Properties Inc. is planning new headquarters for LifePoint Hospitals Inc.
The health care company has been leasing about 146,000 square feet of space from Highwoods, but the contracts will soon expire. The new seven-story headquarters will be located […]
Bell Partners Sells Apartments to Trade Street at a 43% Discount
By Liviu Oltean, Associate Editor
Bell Partners of Greensboro has sold the Beckanna Apartments on Glenwood Avenue for $9.35 million.
The eight-story building was purchased by a subsidiary of Trade Street Capital of Aventura, the Triangle Business Journal reports. Trade Street Capital […]