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09/11/2018
Landfall’s Mayfaire V Trades in One of the Largest Office Deals This Cycle in Wilmington
In one of the largest sales this cycle in Wilmington, North Carolina, SunTrust subsidiary SunTrust NLIP, Inc. paid $7.36 million for the next building scheduled to deliver in the Offices at Mayfaire Business Park, after Wilmington Health signed a 15-year...

09/10/2018
Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end...

09/10/2018
Charleston-Based Bond Street Advisors Picks Up Two Indigo Corners Buildings for $10.6 Million
Bond Street Advisors acquired two retail buildings within the Indigo Corners shopping Center in Durham, North Carolina for $10.6 million, or approximately $269 per square foot. The Charleston, South Carolina-based investor acquired the buildings from...

09/07/2018
Singapore Group Acquires Starwood Office Portfolio in First U.S. Purchase, Sources Say
The Innovation Corporate Center in San Diego's Rancho Bernando is part of a large office portfolio that Starwood Capital Group seeks to sell. Investment firm Starwood Capital Group has sold 33 prime office properties totaling 3.3 million square feet...

09/07/2018
Locally Based Investor Buys Wicker Drive Warehouse for $6.8 Million
Locally based investment firm Grubb Ventures purchased a warehouse off of Wicker Drive in Raleigh, North Carolina from Galanides Realty Co. for $6.75 million, or about $180 per square foot. Built in 1969, the 37,535-square-foot warehouse is located...

08/31/2018
Alabama-Based Investor Buys Fully Leased Retail Center in Chapel Hill
Birmingham, Alabama-based Fairway Investments acquired fully leased retail center Glenwood Square in Chapel Hill, North Carolina from a private investor for $10.5 million, or about $202 per square feet. Located about one mile from the University of...

08/30/2018
Hyatt Place North Raleigh-Midtown Hotel Trades for $13.8 Million
Spring Lake, North Carolina-based investor Trinity Hospitality acquired the Hyatt Place North Raleigh-Midtown hotel in Raleigh, North Carolina from BPR Properties for $13.75 million, or about $108,000 per key. Located at 1105 Navaho Dr., the 73,892...

08/30/2018
American Landmark Pays $274 Million for 1,900 Apartments Across the Southeast
American Landmark completed its $274 million purchase of a six-property Southeast multifamily portfolio, which included Integra Springs at Kellswater in Charlotte.A Florida investment firm this week closed on the final two pieces of a major acquisition...

08/30/2018
Local REIT Buys Two Office Buildings in West Raleigh for $32.4Million
Locally based real estate investment trust Keystone Corp. bought two office buildings, dubbed Palisades I and II, in west Raleigh, North Carolina, for $32.43 million, or about $201 per square foot. Keystone Corp. acquired the properties from Austin...

08/28/2018
Global Insurance Company Inks Deal to Lease Four Full Floors in The Dillon in Downtown Raleigh
Bermuda-based global insurance company Arch Capital Group is one of the latest tenants to snap up office space within the recently built The Dillon mixed-use complex in downtown Raleigh, North Carolina. Arch Capital Group signed a 104,000-square-foot...

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