City: Charlotte

Velocis, which has targeted office, medical-office and retail properties since its inception in 2010, is expanding its focus to include apartments. The shift was prompted by the coronavirus pandemic and the resulting uncertainty surrounding long-term office use trends. The Dallas ...

Commercial Real Estate Direct Staff Report A venture of One Real Estate Investment and MLG Capital has paid $36.3 million, or $117,097/unit, for the 310-unit Kelston Apartments in Charlotte, N.C. It bought the property from Emma Capital Investments Inc. of ...

Charlotte Business Journal An affiliate of Grubb Properties has sold Sterling Magnolia, a 174-unit apartment property in Charlotte, N.C., for $43 million, or about $247,126/unit. An entity affiliated with Goldrich Kest of Culver City, Calif., bought the three-story property, at ...

Charlotte Business Journal SunCap Opportunity Fund has paid $18.5 million, or about $106.01/sf, for the 174,506-square-foot Northbridge Business Center in Charlotte, N.C. The Fort Lauderdale, Fla., company bought the industrial property from SkyREM of New York, which had acquired it ...

Charlotte Business Journal Velocis has paid $53 million, or about $263,682/unit, for the Beverley, a 201-unit apartment complex in Charlotte, N.C. The Dallas private equity investment manager bought the property from Proffitt Dixon Partners of Charlotte, which had competed its ...

A fund sponsored by Zurich Alternative Asset Management has paid $28.78 million, or nearly $450/sf, for the 64,000-square-foot office building at 300 West Summit Ave. in Charlotte, N.C. The property was purchased from its developer, Stiles Corp. of Fort Lauderdale, ...

Office Properties Income Trust has paid $35.1 million, or $234/sf, for the 150,000-square-foot office building at 446 Wrenplace Road in Fort Mill, S.C. The Newton, Mass., REIT acquired the property from its developer, a venture of Lincoln Harris and Cato ...

Charlotte Business Journal Rockefeller Group has started construction on the two-building Stateline77 industrial project, with more than 1 million square feet in Fort Mill, S.C., about 19 miles south of Charlotte, N.C. The property is being developed speculatively, with completion ...

Charlotte Business Journal An affiliate of Starlight U.S. Multi-Family has paid $77.3 million, or about $240,810/unit, for LaVie South Park, a 321-unit apartment complex in Charlotte, N.C. An affiliate of UBS Realty Investors LLC sold the property, which it had ...

Charlotte Business Journal A venture of Stockbridge Capital Group, Big Cypress Capital and Abacus Capital has paid $17.3 million, or about $451.70/sf, for a 38,000-square-foot office building in Charlotte, N.C. LPA Urban sold the property, a former warehouse building at ...