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LeylandAlliance Secures $28.8 Million in Construction Financing for Twin Lakes Center in Cary
LeylandAlliance, a developer headquartered in Tuxedo Park, NY, secured $28.75 million in construction financing for the mixed-use Twin Lakes Center in Cary, NC. Greg Nalbandian, Roger Edwards, Devlin Murphy and Andrew Zilenziger of Holliday Fenoglio...

Analog Devices Leases 27,000 SF in The Dillon
Analog Devices, a mixed and digital signal processing company, signed a 26,875-square-foot lease in the office portion of The Dillion, a recently-built mixed-use complex in downtown Raleigh, NC. The tenant will join Stewart Engineering, Spaces and...

Hope Valley Square Trades for $9.7 Million
Birmingham, AL-based Fairway Investments acquired the 40,549-square-foot Hope Valley Square in Durham, NC from Piedmont Capital Advisors for $9.68 million, or about $239 per square foot. Located at 3710 Shannon Rd., the 40,549-square-foot retail center...

Longfellow Closes on $500 Million Life Science Real Estate Investment Fund
Jamie Peschel, Managing Partner of Longfellow Real Estate Partners. Photo credit: Longfellow Real Estate Partners Longfellow Real Estate Partners has closed Longfellow Strategic Value Fund, an investment vehicle with an initial equity capitalization...

American Landmark Adds Two Raleigh/Durham Communities to Portfolio for $98 Million
Tampa, FL-based multifamily investor American Landmark purchased two Raleigh/Durham area apartment communities for $98 million, or about $154,000 per unit, expanding the firm’s presence in the Triangle. American Landmark acquired the 642-unit portfolio...

OA Development Picks Up Four Bldgs. in Durham’s Imperial Center for $31.4 Million
Chelsea Place, located within the Imperial Center in Durham, NC, is the largest of four buildings acquired by OA Development at 76,492 square feet. Atlanta-based OA Development acquired four buildings within the Imperial Center in Durham, NC in two separate...

The Impact of Renters-by-Choice on Raleigh’s Multifamily Market
Kane Realty’s 286-unit Park Central luxury apartment complex in Midtown Raleigh. Population growth and a developing trend of consumers that choose to rent, particularly in higher- income brackets, is positively impacting apartment demand in Raleigh,...

IMG Pays $23.2 Million for 218-Unit Apt. Portfolio in Raleigh
The 117-unit Millbrook apartment complex, located at 2121 Paces Forest Ct. in Raleigh, NC. Investors Management Group (IMG), a multifamily investor based in Woodland Hills, CA purchased two multifamily properties in Raleigh, NC for $23.2 million, or...

RealOp Investments Snaps Up Seven-Bldg. Portfolio for $30.6 Million
RDU Center I in Morrisville, NC, the largest of seven buildings acquired by RealOp Investments, totals 63,066 square feet and was built in 1999. Greenville, SC-based RealOp Investments acquired a seven-building office portfolio in the Raleigh/Durham...

New York-Based Investor Closes On $33.8 Million Deal to Acquire 320-Unit Durham Apt. Complex
Dasmen Residential, an investment shop based in Suffern, NY, acquired the 320-unit Emerald Forest Apartment Homes in Durham, NC for $33.75 million, or about $105,000 per unit. The Suffern-based firm acquired the property from Somerset Partners, also...

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