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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...

Planet Fitness is the Latest Tenant to Prelease Retail Space at Clemmons Town Center
Planet Fitness, a national fitness center chain, signed a 22,000-square-foot retail lease at the Clemmons Town Center, a mixed-use development located off of Lewisville-Clemmons Road in Clemmons, North Carolina. The town center, set to deliver toward...

Publix to Invest $300 Million to Build Distribution Center in Greensboro, North Carolina
Grocery store chain Publix Super Markets plans to build a refrigerated distribution center in Greensboro, North Carolina, by the end of 2022, with Publix investing as much as $300 million in the first phase of a project that will receive a state grant...

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...

Woodson Joins CBRE|Triad's Asset Services Division
Taylor Woodson joined CBRE|Triad as an assistant real estate manager in its asset services division. Woodson will be involved in the oversight and management of operational and financial activities of a commercial retail, office and industrial portfolio...

Deep River Corporate Center Trades for $5.3 Million
A private investor taking title as Df Deep River LLC sold the Deep River Corporate Center in Greensboro, North Carolina, to The Melissaris Family LP for $5.3 million, or roughly $102 per square foot. Located at 8203 Piedmont Triad Parkway, the 52,000...

Piedmont Triad Airport Authority Buys Vacant Office Bldg. in Greensboro
The Piedmont Triad Airport Authority purchased a vacant office building in Greensboro, NC for $3.4 million, or approximately $31 per square foot. The Airport Authority acquired the office complex from New York-based investor Raith Capital Partners...

Colorado-Based Investor Acquires Loxley Chase in Winston-Salem for $16.3 Million
Interurban Cos., an investment firm based in Centennial, CO, acquired the 213-unit Loxley Chase apartment complex in Winston-Salem, NC from Graycliff Capital Partners for $16.25 million, or approximately $73,000 per unit. Located near Wake Forrest...

Ebex Holdings Buys Two Adjacent Apartment Complexes in Winston-Salem for $14.8 Million
Beverly Hills, CA-based multifamily investor Ebex Holdings acquired two adjacent apartment complexes in Winston-Salem, NC from locally based Douthit and Co. for $14.76 million, or about $44,000 per unit. Both communities are located off of Anson Street...

Towers Shopping Center Trades for $7 Million
Hilton Head Island, SC-based investor South Coast Commercial acquired the Towers Shopping Center in Winston-Salem, NC from a private investor for $7.03 million, or about $166 per square foot. Towers Shopping Center, located off of Interstate 40 at...

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