City: Raleigh

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 ...

Triangle Business Journal First Choice Cabinetry has sold its Raleigh, N.C., headquarters building at 5604 Departure Drive for $11.4 million, or $190/sf. The local cabinet company sold the 60,000-square-foot industrial property to ServPro, a Gallatin, Tenn., cleanup and restoration company, ...

Triangle Business Journal Nuveen has bought the 72,946-square-foot Heritage Station shopping center in Wake Forest, N.C., for $15.6 million, or about $213.86/sf. The commercial real estate investment arm of TIAA purchased the property from ShopCore Properties, a San Diego REIT ...

Triangle Business Journal Bridge Commercial Real Estate has sold a pair of Raleigh, N.C., office buildings totaling 169,700 square feet for $12.25 million, or about $72.19/sf. That compares to 2020, when the Atlanta company purchased them for nearly $30 million. ...

Commercial Real Estate Direct Staff Report The appraised value of the Capital Bank Plaza in Raleigh, N.C., has been reduced to $18.2 million. That's down from $32 million in 2017 and is less than the $21.2 million loan balance against ...

Triangle Business Journal Foxfield Investments has paid $19.81 million, or $198.10/sf, for a pair of industrial buildings totaling 100,000 square feet in Garner, N.C., about 11 miles southeast of Raleigh, N.C. The Boston real estate company purchased the two buildings, ...

Triangle Business Journal The Wake County, N.C., Board of Alcoholic Beverage Control has bought a 160,000-square-foot industrial property that's currently under construction at 600 South Greenfield Parkway in Garner, N.C., for $27.5 million, or about $171.88/sf. The government agency will ...

Triangle Business Journal Local developer Firstfloor has submitted plans to build a 264-room hotel as part of a mixed-use project in downtown Raleigh, N.C. The 16-story property and a 779-space parking facility have been proposed for a 1.63-acre development site ...