Raleigh-Durham

By Liviu Oltean, Associate Editor
Colonial Properties Trust recently sold six multifamily properties for $105.8 million. 
The properties are: Colonial Grand at Sugarloaf, Colonial Grand at McGinnis Ferry, Colonial Village at Meadow Creek, Summer Tree, Brookfield and Paces Cove. About $96.3 million […]

By Liviu Oltean, Associate Editor
Equity One Inc. agreed to sell 36 shopping centers to Blackstone Real Estate Partners VII for $473.1 million. The shopping centers encompass 3.9 million square feet and have mortgage loans that add up to a $177.4 […]

by Liviu Oltean, Associate Editor
Hotel Sierra in Morrisville will be rebranded as a Hyatt Summerfield Suites Hotel, following Hyatt Hotels Corp.’s closing on a 20-hotel portfolio belonging to LodgeWorks LP.
Hyatt initially showed interest in a 24-hotel portfolio, but the company ultimately […]

by Liviu Oltean, Associate Editor
The Catholic Diocese of Raleigh commissioned McCrery Architects LLC to design a new cathedral campus that will cost between $75 million to $90 million.
The campus will feature a 2,000-seat cathedral, a two-story gathering hall and a […]

by Liviu Oltean, Associate Editor

Red Hat Inc. is currently in negotiation with Progress Energy Inc. for a sublease of the downtown building, Two Progress Plaza. The building was leased by Progress Energy for a 30-year term in 2004, and will […]

By Liviu Oltean, Associate Editor
In an attempt to increase industrial and medical office assets, various companies in the Triangle have started to sell their office portfolios. Duke Realty, an Indianapolis-based company, listed for sale six buildings that represent about 12 […]