Raleigh-Durham
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 […]
Alpha Install Will Relocate to Pittsboro
By Liviu Oltean, Associate Editor
Alpha Install, a company that manages the installation of communications and technology equipment on vehicle fleets and satellite locations, is planning to move and expand its headquarters in Pittsboro. According to the CityBizList, the company chose […]
KB Home Launches Housing Community in Durham
By Liviu Oltean, Associate Editor
KB Home is consolidating its foothold in the Durham market with the opening of their project located at 103 Daneborg Road & RDU International Airport.
The Orchard Ridge project entails a community of customizable single-family homes that […]
FMW and Faison to Collaborate in $40M Apartment Project in Downtown Raleigh
By Liviu Oltean, Associate Editor
FMW Real Estate sold 3.5 acres of a 6.67 acres industrial site to Faison & Associates for $9.6 million. Following this transaction, the two companies will collaborate on a project that will make downtown Raleigh the […]
Duke Realty Purchases Greenfield North Business Park Portfolio
By Liviu Oltean, Associate Editor
Duke Realty recently completed its third acquisition in the Triangle area with its purchase of Greenfield North Business Park.
The Greenfield North portfolio includes five buildings that encompass 397,332 square feet, with an additional 75.25 acres in […]