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Fayetteville, North Carolina, Watches Rivers Rise Amid Curfew, Spotty Power, Boarded Up Businesses
Even 90 miles inland in North Carolina, businesses were closed in Fayetteville in the wake of Hurricane Florence. Photo credit: Paul Owers, CoStar Group In Fayetteville, North Carolina, 90 miles west of the worst of Hurricane Florence, sandbagged and...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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