What happened, and who moved.
13 items

Turnbridge Equities acquired the 320-unit Skyhouse Raleigh, a multifamily community in downtown Raleigh. ACORE CAPITAL provided a $62 million first mortgage on the property. Equity for the transaction was provided by Turnbridge. Northmarq brokered the sale and arranged the debt financing. In a Turnbridge release,…

RALEIGH, N.C. — JLL has brokered the $36 million sale of Townridge Shopping Center, a 273,105-square-foot shopping center in Raleigh. Tom Kolarczyk, Michael Nieder and Brian Page of JLL represented the seller, Zeisler-Morgan Properties, in the transaction. Travis Anderson and Ward Smith, also with JLL, secured…

Wood Partners, in partnership with Marcus Partners, has broken ground on Altera Heights, a 280-unit multifamily community located in Apex, North Carolina, a suburb of Raleigh. The Triangle Business Journal reports Woods acquired 13.5 acres north of Highway 64 for $4.9 million. Located at the intersection of Jenks…

APEX, N.C. — Wood Partners and Marcus Partners have broken ground on Altera Heights in Apex. The 280-unit community is located at the intersection of Jenks and Wimberly roads and… The post Wood Partners, Marcus Partners Team up for Development in Raleigh-Durham Metro appeared first on Multifamily & Affordable…

Raleigh plans 200 affordable homes, driven by tax credits and private investments.

A public-private partnership led by Harmony Housing Affordable Development Inc. (HHAD), Gilbane Development, and F7 International Development, comprising Raleigh Community Partners, has capitalized Chapanoke, a $93 million, 200-unit affordable project in Raleigh. Multihousing News reports financing included…
Greystone provides LIHTC equity & financing for Chapanoke, a $93M, 200-unit affordable housing community by HHAD, Gilbane & F7 in Raleigh.

CARY, N.C. — Woodfield Development has broken ground on a 330-unit apartment community located across from the Tryon Village shopping center at 2818 Macedonia Road in Cary, a suburb of Raleigh. Eagle Realty Group is serving as equity partner and capital provider for the $100 million project. The unnamed, five-story…
Acquisitions in Willow Springs, Angier, and Fuquay-Varina deepen FGC's presence in one of the nation's fastest-growing markets Acquisitions in Willow Springs, Angier, and Fuquay-Varina deepen FGC's presence in one of the nation's fastest-growing markets

RALEIGH, N.C. — Blue Heron Asset Management has broken ground on Rosewood, a 269-unit apartment development located at 611 W. South St. in Raleigh. The locally based developer acquired the site earlier this year for nearly $12.9 million. The design-build team includes architect Cline, which is also providing…

Blue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called Rosewood, will be at 611 West South Street. Blue Heron completed the $12.85 million land acquisition earlier this year. Spanning 399,000 square feet across two buildings and a…

Andover Properties acquired the 54,000 sq ft, 487-unit Cleveland Storage self-storage facility in Garner, North Carolina (Raleigh metro), now operating under the Storage King brand; the seller and price were not disclosed.

Alexandria Real Estate sold its 104-acre life-sciences-zoned site (including a 100,000 sq ft building housing DPR Construction's regional HQ) at Research Triangle Park, Durham, to Boston-based King Street Properties for $29.5 million -- a steep discount to the $91 million Alexandria paid in 2021, amid 32.4% life-sciences vacancy in the Raleigh-Durham market.