City: Raleigh

Commercial Real Estate Direct Staff Report Highwoods Properties Inc. has sold the 170,000-square-foot 4800 North Park office building and two adjoining parcels, at 5005 and 5009 Memory Road, in Raleigh, N.C., for $21.35 million. The Raleigh REIT sold the six-story ...

Triad Business Journal CityPlat has paid $14 million, or $118.64/sf, for the 118,000-square-foot former Kmart store building at 4500 Western Blvd. in Raleigh, N.C. The local investor purchased the shuttered retail property from Jack A. Sneeden Corp., a Wilmington, N.C., ...

Triad Business Journal St. Clair Holdings has purchased the Brentmoor Apartments, a 228-unit property in Raleigh, N.C., for $45.6 million, or $200,000/unit. A court-appointed receiver oversaw the sale of the three-story property to the Atlanta company, after its previous owner, ...

Triangle Business Journal Bridge Commercial Real Estate has sold the more than 160,000-square-foot office building at 5511 Capital Center Drive in Raleigh, N.C., for $6 million, or $37.50/sf. That's down nearly 82 percent from the $33 million the Atlanta company ...

Advenir Azora has paid $62.92 million, or $238,335/unit, for the 264-unit Ascend Varina Gateway apartment property in the Raleigh, N.C., suburb of Fuquay Varina, N.C. The Aventura, Fla., developer bought the property, at 300 Alex Ridge Drive, from its developer, ...

Triangle Business Journal Alidale Capital has bought 712 Tucker, a 181-unit apartment complex in downtown Raleigh, N.C., for $36.8 million, or about $203,315/unit. The Bloomfield Hills, Mich., company purchased the six-story property from a tenant-in-common group managed by Nordblom Management ...

Triangle Business Journal Stoltz Real Estate Partners has bought the 580,326-square-foot industrial building at 900 Aviation Parkway in Morrisville, N.C., for $71 million, or about $122.35/sf. The Bala Cynwyd, Pa., real estate fund manager purchased the property from Dogwood Industrial ...

Multi-Housing News Centennial Bank has provided a $34.2 million construction loan for Madison Aquiline, a 218-unit apartment project in Apex, N.C. JLL arranged the financing. Madison Capital Group is developing the garden-style property at 1506 East Williams St., 15 miles ...