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TH Real Estate Closes on $68.8 Million Deal for Centric Gateway in Uptown Charlotte
TH Real Estate, an affiliate of Nuveen (investment manager for TIAA-CREF), bought the 297-unit Centric Gateway apartment complex in Charlotte, NC's central business district, known as Uptown, from Dominion Realty Partners for $68.75 million, or about...

Warehouse Giant GLP Acquires Pair of Charlotte Area Distribution Properties
Ashley HomeStore’s new distribution center at 2901 Lakemont Blvd. in Fort Mill, SC, was one of two logistics properties GLP acquired from The Keith Corp. in the Charlotte market. Image credit: HFF. GLP U.S. Management LLC, the U.S platform for one of...

Hudson Capital Properties Acquires 204-Unit 1420 Magnolia Apt. Complex in Charlotte
Hudson Capital Properties, an East Rutherford, NJ-based investor, acquired the 204-unit 1420 Magnolia apartment complex in Charlotte, NC from Estates & Cos. for $39 million, or about $191,000 per unit. Built in 1999, the seven-building multifamily...

Middleton Meyers, Torchlight JV Snags 984-Unit Apt. Portfolio in Northeast Charlotte
The 428-unit Townes at University Pointe in northeast Charlotte, NC. Locally-based multifamily investor Middleton Meyers, along with capital partner Torchlight Investors, acquired a 984-unit, three-property apartment portfolio in northeast Charlotte...

Top Atlanta Creative Office Developers Merge to Expand Across Sun Belt
Pictured from left: Pierce Lancaster, Chris Faussemagne and Hank Farmer.Courtesy: Third & Urban.Two of Atlanta's top creators of cool office space are combining to capture pent-up demand and develop creative workspaces from Virginia to Texas. Third...

Asana Partners Pays $34.1 Million for Retail Portion of Novel Stonewall Station
Locally-based Asana Partners purchased the retail portion of the Novel Stonewall Station in downtown Charlotte, NC for $34.05 million, or about $717 per square foot, from Crescent Communities, the project’s developer. Located at 400 E. Stonewall St...

Free Time and Fun: the New Must-Haves at Apartments
Boston-based National Devlopment uses an engagement manager and a tenant app to arrange events for residents. The new must-have amenity for luxury apartment projects? Time. During this economic growth cycle apartment developers have engaged in a...

Apartment Construction Booming Across the Southern U.S.
The 816-unit Park Line Miami apartment towers at 250 NW 1st St. in Miami. The project is slated to be completed by the fourth quarter of 2019. Due to impressive in-migration as well as demographic growth and booming economies, southern metros have...

CalSTRS Confirms It's the Money Behind Record-Breaking Charlotte Acquisition
The California State Teachers' Retirement System (CalSTRS) confirmed late Thursday it is the equity behind the landmark acquisition of 615 South College in Charlotte, NC. "I can confirm that we did just acquire 615 [South] College in Charlotte," CalSTRS...

Multifamily Developer Legacy Partners Making Push Into Florida, Georgia as Part of Southeast Expansion
Pictured: Jon Wood, senior managing director of the Southeast for Legacy Partners.National apartment developer Legacy Partners is making a move to expand its operations in the Southeast, particularly Florida. Legacy, the Foster City, CA-based shop...

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