State: North Carolina - NC
Thorofare, Pearlmark Lend $40Mln Against Charlotte, N.C., Apartments
Commercial Real Estate Direct Staff Report Thorofare Capital has provided $30 million of senior financing, while Pearlmark has provided $10 million of mezzanine debt to complete the second phase of the Link NoDa apartment complex in Charlotte, N.C. The 242-unit ...
Richmond Plaza
Coastal Equities has bought Richmond Plaza, a 202,504-square-foot retail property in Rockingham, N.C., for $12.7 million, or about $62.71/sf. The Weston, Fla., company purchased the shopping center from CF Smith Property Group, in a deal brokered by the Institutional Property ...
Cambridge Park Townhomes
A venture of Sandee Road Ventures and J&S Realty has bought the Cambridge Park Townhomes, a 62-unit rental property in Charlotte, N.C., for $10 million, or about $161,290/unit. The seller was not disclosed. The buyer received a $5.8 million equity ...
Berkeley Plaza
An affiliate of the Bold Cos. has bought Berkeley Plaza, a 95,676-square-foot shopping center in Goldsboro, N.C., for $10.5 million, or about $109.75/sf. The Chapel Hill, N.C., company purchased the property from a venture of North Berkeley Development Associates LLC ...
USPS Buys Warehouse Property Near Charlotte Airport
Charlotte Business Journal The United States Postal Services has paid $11.95 million, or about $45.41/sf, for a warehouse property with 263,178 square feet in Charlotte, N.C. The industrial property sits on more than 30 acres at 2901 Scott Futrell Drive, ...
Vero Capital Recapitalizes Office Portfolio; Brings in New Equity, Pays Loan Off at Discount
Vero Capital has partnered with Prime Finance to recapitalize a portfolio of four office properties with 987,072 square feet in a deal that involved the discounted pay off of a $198 million loan.
Singh Development to Bring Assisted-Living Facility to Cary, N.C.
Triangle Business Journal An affiliate of Singh Development Co. has filed plans to build an assisted-living facility with 100 beds in Cary, N.C. The property will be called Waltonwood Wake on Geyer Court and be built on more than five ...
Concord, N.C., Shopping Center Sells for $49.25Mln
Charlotte Business Journal Yale Realty Services Corp. has paid $49.25 million, or about $167.17/sf, for the 294,617-square-foot Afton Ridge shopping center in Concord, N.C. The seller was not identified. The property is at 6230 Bayfield Parkway, about 20 miles northeast ...
$21.2Mln Office Loan in Raleigh, N.C., Lands in Special Servicing
Commercial Real Estate Direct Staff Report The $21.2 million loan against the Capital Bank Plaza office building in Raleigh, N.C., has been transferred to special servicing as the borrower, citing cash-flow issues, has requested a change to its interest-only payments. ...
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