An investor group led by Och-Ziff Real Estate Fund has agreed to acquire Winston Hotels Inc., in a deal valued at roughly $671 million.The acquisition would give Och-Ziff, which is run by former Blackstone Real Estate Advisors executives Steve Galiotos ...
Triangle Business JournalWinston Hotels of Raleigh, N.C., announced plans to build an Aloft hotel near Raleigh-Durham International Airport. Construction on the hotel, which will cost about $18.9 million, is scheduled to begin late this year and be completed towards the ...
Winston-Salem JournalConstruction is under way on a mixed-use development in Winston-Salem, N.C., nearly 16 years after the project was conceived. The Gateway, which is just south of the city, will consist of shops, offices and houses. A 90,000-square-foot YWCA is ...
Triangle Business JournalApproval has been granted by the Raleigh, N.C., City Council for the construction of a 32-story, mixed-use downtown office tower. The 354,600-square-foot tower, known as the Reynolds Building, sits on a 1.18-acre tract and will include 160,000 sf ...
Aegon USA Realty Advisors Inc. has paid $34 million, about $160/sf, for WestChase II and III, a 213,062-square-foot office property in Raleigh, N.C. The Cedar Rapids, Iowa, firm purchased the property from BPG Properties Ltd. of Philadelphia. BPG marketed the ...
Winston-Salem JournalA former Winston-Salem, N.C., golf course is getting a new look. The 170-acre site of the Hillcrest Golf Club is being converted into housing, apartment and condominium units, along with shops, offices and service businesses. Mega Builders LLC is ...
Triangle Business JournalFidelity Investments is building a regional campus in Research Triangle Park that will create 2,000 jobs for the region. It's the largest commitment of jobs to the area since IBM announced it was buying 400 acres for its ...
KBS REIT Inc. has agreed to pay $48.1 million for three adjoining office buildings with 248,832 square feet in Cary, N.C.The three buildings, 1100, 1200 and 1300 Crescent Green, are nearly fully leased with Affiliated Computer Services occupying about 63 ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..