State: North Carolina - NC
Developer Opts for Rental Units at Former Charlotte, N.C., Condo Site
Charlotte Observer Llewellyn Development has halted construction on a 75-unit condominium project in Charlotte, N.C. and will build it as rental units instead. The Charlotte firm decided that the risk of unsold units in a weak housing market was too ...
Raleigh, N.C., Office Park Sold for $113Mln
A venture led by Highwoods Properties has paid $113 million for the Forum, a 635,000-square-foot office complex in Raleigh, N.C. The venture, dubbed DLF Highwoods, purchased the complex from an undisclosed seller. Highwoods, a Raleigh REIT, funded the acquisition with ...
Hanesbrand Sells N.C. Industrial Space for $6.2Mln
Winston-Salem Journal Towers Investments LLC has paid $6.2 million for a pair of industrial properties in the Winston-Salem, N.C., area. The Woodland, Calif., real estate firm acquired a 168,000-square-foot plant in Asheboro, N.C., along with a 365,000-sf distribution facility in ...
KBS Pays $26.1Mln for Charlotte, N.C., Warehouses
KBS Realty Advisors has paid $26.1 million for the Crossroads Distribution Center, a 496,347-square-foot industrial property in Charlotte, N.C. The Newport Beach, Calif., investment manager purchased the property from an affiliate of Trammell Crow. It consists of four warehouses near ...
Office, Industrial Portfolio Sells for $50Mln
A venture between CIP Real Estate and Alex. Brown Realty has paid $50 million for 597,725 square feet of office and industrial space in Charlotte, N.C. The venture purchased the three-property portfolio from Beacon Partners of Charlotte, which marketed it ...
Westcore Pays $24.75Mln for Charlotte Manufacturing Building
Westcore Properties has paid $24.75 million for 6800 Solectron Drive, a 455,750-square-foot manufacturing building in Charlotte, N.C. The San Diego company purchased the property from Flextronics International, a provider of engineering, design and manufacturing services, which will continue to occupy ...
Condo Development Under Way in N.C. Mixed-Use Project
Charlotte Observer Development is under way on the residential component of Harbour Place, a 450,000-square-foot mixed-use property in Davidson, North Carolina. Fairhills/RLT Development is building 44 townhome- and brownstone-style condominiums, which are expected to cost $13 million to develop. The ...
Charlotte, N.C., Business Park Sold for $57.1Mln
Charlotte Business Journal GID Investment Advisors has paid $57.1 million for the Greylyn Business Park, with 648,000 square feet of office, warehouse and retail space in Charlotte, N.C. The Boston firm bought the 54-acre property on behalf of an affiliate, ...
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