State: North Carolina - NC

Commercial Real Estate Direct Staff ReportCapital Lease Funding has paid $59 million for a portfolio of three office properties totaling 377,500 square feet.The New York REIT purchased the properties from Allstate Insurance in a sale-leaseback transaction. Allstate, a Northbrook, Ill., ...

The Wall Street JournalWhile the sale of the Charlotte, N.C., Coliseum site has dragged on for months, new bidders continue to pop up. The site, formerly home to the Charlotte Hornets, includes the Coliseum and 150 acres of surrounding land. ...

Charlotte ObserverJohnson Development Associates has announced plans for a 540,000-square-foot industrial facility in Kings Mountain, N.C. The facility will be built on 129 acres near Interstate 85 and will be expandable to over 1 million sf. The project should be ...

Colonial Properties Trust has paid $110.8 million for four apartment properties with a total of 1,157 units.The properties, in North Carolina and Tennessee, were purchased from Schaedle Worthington Hyde Properties, an Atlanta-area multifamily investor. On average, they are 96 percent ...

LEM Mezzanine has provided a $5.9 million mezzanine loan for a portfolio of eight apartment properties in Charlotte, N.C., and Fredericksburg, Va.The financing, which was funded 16 days after application, sits below $54.7 million of senior debt that was provided ...

Tanger Factory Outlet Centers Inc. has completed its $282.5 million purchase of Blackstone Real Estate Advisors' 67 percent stake in a portfolio of nine shopping centers with 3.3 million square feet.Tanger and Blackstone had purchased the portfolio, through a venture ...

Brickman Associates has paid $98.5 million for Hock Plaza I, a 340,000-square-foot office and research building in Durham, N.C. That's among the highest prices ever paid for property in the Raleigh-Durham region.