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Raleigh, NC-based Blue Heron Asset Management secured a construction loan with First National Bank (FNB) to develop Foster on the Park, a multifamily complex at 545 Foster St. in Durham, NC. Roger Edwards, Justin Good and Henry Sisson of HFF arranged the construction financing on behalf of Blue Heron. The 100,000-square-foot project will include...
Charlotte, NC-based Grubb Properties, along with its equity partner Blue Vista Capital Management, sold the 147,777-square-foot Paradigm Park office campus in Durham, NC for $16.3 million, or about $110...
Long Island, NY-based multifamily investor Cedar Grove Partners acquired the 93-unit Lake Ridge Apartments in Apex, NC from the Tar Heel Cos. of North Carolina, Inc. for $9.3 million, or approximately...
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