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Hurricane Florence Threatens More Than $33 Billion in Commercial Property
Hurricane Florence, an intensifying Category 3 storm nearing the shores of North Carolina and South Carolina, will imperil an estimated $33.5 billion in commercial real estate. In an analysis of the coastline from Georgetown, South Carolina, to Buxton...

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...

Locally Based Investor Buys Seneca Place for $5 Million in Redevelopment Play
Locally based investor New Forum purchased Seneca Place in Charlotte, North Carolina, from a private investor for approximately $5 million, or about $121.04 per square foot. New Forum acquired the retail center in a play to redevelop the 33 year old...

Hines Joins Foundry Commercial's Retail Division as Vice President
Keely Hines joined Foundry Commercial's retail division as vice president. Based out of the company's Charlotte, North Carolina, office, Hines will lead the brokerage and marketing efforts for the company's one million-square-foot retail portfolio...

Lexington Realty Trust Sells $726 Million Office Portfolio as Focus Shifts to Single-Tenant, Net-Leased Industrial Properties
The 200,000-square-foot AvidExchange office building in Charlotte, North Carolina, was one of 21 Lexington Realty Trust sold to a new joint venture. Lexington Realty Trust sold its majority ownership in a portfolio of 21 office buildings for $726...

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...

500 East Morehead Sells in Second Largest Single Office Building Trade in Charlotte in Recent Years
After being put up for sale earlier this summer in June, 500 East Morehead in Charlotte, North Carolina, was sold to an affiliate of Zurich North America, the North American arm of Swiss company Zurich. Zurich North America acquired the property from...

Strong Tenant Demand Underpins Exeter's $148 Million Industrial Portfolio Purchase
Shopton Ridge in Charlotte.A 20-building, 1.25 million-square-foot light industrial portfolio spanning two major Texas markets -- Dallas and Houston -- as well as Charlotte, North Carolina, has traded hands to a growing Pennsylvania-based real estate...

Medical, Educational and Religious Uses Fortify Southeastern Shopping Centers
Alex Munoz, managing director with Atlanta-based retail real estate firm, The Shopping Center Group. Courtesy: The Shopping Center Group.On the eve of the International Council of Shopping Centers' Florida conference, an expert who oversees 360 properties...

Grubb Properties to Break Ground on Link Apartments-Branded Complex in Charlotte
Locally based developer Grubb Properties is set to break ground on the Link Apartments Montford, its first Link Apartments-branded multifamily community in metro Charlotte, North Carolina. The apartment complex will feature 288 units and will be located...

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