City: Raleigh

PGIM Real Estate has provided $100 million of financing against a portfolio of 11 industrial properties and one industrial outdoor storage facility in the Charlotte and Raleigh, N.C., markets. The portfolio, with 1.55 million square feet, is owned by Beacon ...

Triangle Business Journal Macerich Co. has bought the 1.35 million-square-foot Crabtree Valley Mall in Raleigh, N.C., for $290 million, or $214.81/sf. The Santa Monica, Calif., REIT purchased the retail property from CVM Holdings LLC in a deal brokered by Eastdil ...

Commercial Real Estate Direct Staff Report Highwoods Properties Inc. paid $138 million, or $398.84/sf, for the 346,000-square-foot Advance Auto Parts Tower in the North Hills area of Raleigh, N.C. The Raleigh, N.C., REIT bought the building from Kane Realty Corp. ...

Triangle Business Journal Aventon Cos. is starting construction this fall on Aventon NorthRidge, a 346-unit apartment complex in Raleigh, N.C. The local company is building the five-story property on 13.62 acres at 6300 The Lakes Drive, next to its 372-unit ...

Commercial Observer United Bank has provided a $41.9 million loan for the construction of Crossroads 55, a 487,200-square-foot industrial park in Fuquay-Varina, N.C. JLL Capital Markets arranged the five-year, floating-rate loan. Stotan Industrial of Chicago is constructing the three-building property ...

Triangle Business Journal Stotan Industrial has plans to develop a 487,000-square-foot industrial park at 200 Dickens Road in Fuquay-Varina, N.C., about 25 miles south of Raleigh, N.C. The Chicago real estate company recently paid $8.6 million for the development's nearly 40-acre ...

Commercial Real Estate Direct Staff Report Lamar Cos. has completed its $38.94 million purchase of the Alamance Crossing shopping center in North Carolina's Piedmont Triad. The Fairfield, N.J., investor, which pursues retail properties opportunistically, bought the property through a receivership ...

Commercial Real Estate Direct Staff Report ECI Group has bought the 396-unit Ardmore at Flowers apartment complex in Clayton, N.C., a suburb of Raleigh, N.C. The Atlanta company paid $92 million, or $232,323/unit for the property, according to a report ...