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Blue Heron to Develop 164-Unit Multifamily Complex in Durham
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...

Paradigm Park Office Campus Trades for $16.3 Million
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 per square foot. The partnership sold the office...

Cedar Grove Capital Pays $9.3 Million for Lake Ridge Apts. in Apex
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 $100,000 per unit. Built in 1985, the multifamily...

KDC Breaks Ground on Credit Suisse Expansion Project in RTP
KDC, a national build-to-suit developer headquartered in Dallas, broke ground on the Credit Suisse Research Triangle Park (RTP) expansion project in Morrisville, NC. Located at the corner of Louis Stephens Dr. and Kit Creek Rd., the expansion project...

RSM Takes 17,000 SF in West Raleigh
RSM, an audit, tax and consulting services provider, signed a 17,234-square-foot office lease deal at 5444 Wade Park Boulevard in Raleigh, NC. Slated to take occupancy this December, The Chicago-based company's new space is located within Wade IV...

Dominion JV Breaks Ground on FNB Tower in Downtown Raleigh
Locally-based Dominion Realty Partners, along with capital partner New York Life Real Estate Investors, broke ground on the 325,869-square-foot FNB Tower in downtown Raleigh, NC. Construction on the FNB Tower, located at 501 Fayetteville St., is slated...

Home Centric to Open First Ever Location at Crossroads Plaza in Cary
Home Centric , sister company of home goods retailer Bealls, Inc., will be opening its first ever location at the Crossroads Plaza in Cary, NC. The tenant will be moving into a 14,552-square-foot space at the beginning of May. Crossroads plaza totals...

Research Triangle Park Among Nation’s Top 20 Submarkets in Rent Appreciation
Pictured: Forty540 at 3030 Slater Rd. in Morrisville, NC Rents in the Research Triangle Park/Raleigh Durham Airport (RTP/RDU) submarket are skyrocketing. In fact, rent growth in the RTP/RDU is among the 20 best performing submarkets in the nation in...

Triangle Rock Club to Open New Location in Durham
Triangle Rock Club, an indoor rock climbing company, will be opening a new location this September at a shopping center at 1010 Martin Luther King Jr. Pky. in Durham, NC. The tenant signed a 24,861-square-foot retail lease deal with Urben Commercial...

LNR Partners Sells Alexander Village at Brier Creek for $11.3 Million
LNR Partners LLC, a commercial mortgage special servicer based in Miami, sold the 77,994-square-foot Alexander Village at Brier Creek community center to a Dallas-based private investor for $11.3 million, or about $145 per square foot. The single-story...

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