Stockbridge Capital Group, an Atlanta-based real estate investment firm, has purchased Venue, a 366-unit apartment in Charlotte's Elizabeth neighborhood, for $88 million.
The apartment complex, located between East Seventh Street and Weddington Avenue, was completed by developer JLB Partners in 2013 and is about 75 percent leased.
Stockbridge purchased the complex with operating partner TriBridge Residential, a multifamily company also based in Atlanta.
Stockbridge acquires commercial real estate…
Charlotte apartment firm Northwood Ravin has purchased a 407-unit apartment complex on Providence Road that was rezoned in 2013 to allow for a new development with up to 580 units.
An affiliate of Northwood Ravin bought the property, formerly called Camden Pinehurst, for $45.1 million. The complex, renamed Pinehurst on Providence, is on 36 acres just north of the intersection of Providence and Fairview roads.
Camden Property Trust, which sold the complex to Northwood Ravin, gained rezoning approval…
A company controlled by the real estate investment arm of Deutsche Bank has purchased the RiverGate Shopping Center in Charlotte's Steele Creek area for $60.75 million.
The 236,579-square-foot retail center, located at the intersection of South Tryon Street and Steele Creek Road, is adjacent to a Super Target and a Home Depot store and is 98% occupied. Tenants include Starbucks, Bath & Body Works, Rack Room Shoes, Dressbarn, Verizon, Mattress Firm and Massage Envy.
Mike Burkard and Steve Shields…
Commercial real estate research information and marketing firm Xceligent Inc. has acquired a controlling stake in Karnes Research Co., a commercial real estate research firm founded in Charlotte in 1988.
Karnes, which has five employees, provides market reports and analytics for the Charlotte, Raleigh, Asheville and Triad markets. Andrew Jenkins, a managing partner at Karnes who owned the firm with managing partner Brian Reece, declines to disclose the financial terms of the deal but says that he…
Although existing home sales decreased in November, the share of sales for first-time buyers increased to the highest level since October 2012. Existing home sales decreased 6.1 percent in November, but were 2.1 percent above the same period a year ago. The National Association of REALTORS (NAR) reported November 2014 total existing home sales at […]
Although existing home sales decreased in November, the share of sales for first-time buyers increased to the highest level since October 2012. Existing home sales decreased 6.1 percent in November, but were 2.1 percent above the same period a year ago. The National Association of REALTORS (NAR) reported November 2014 total existing home sales at […]
Although existing home sales decreased in November, the share of sales for first-time buyers increased to the highest level since October 2012. Existing home sales decreased 6.1 percent in November, but were 2.1 percent above the same period a year ago. The National Association of REALTORS (NAR) reported November 2014 total existing home sales at […]
Childress Klein Properties is planning to start construction next year on a 393-unit apartment tower over the Mint Museum in uptown Charlotte that will rise 31 stories above the existing arts facility.
The high-rise development would total 42 stories, including the museum building, and it would add a long-planned residential component to the Levine Center for the Arts cultural campus that Wachovia Corp. originally planned when it spearheaded the South Tryon project.
Childress Klein is under contract…
Multifamily company Greystar has purchased a 0.6-acre site at the intersection of Third and Poplar streets, across from Romare Bearden Park in uptown Charlotte, where the firm plans to start construction early in the new year on a 33-story high-rise apartment tower with ground-floor retail.
The apartment tower will feature 300 high-end units, rooftop amenities and approximately 3,200 square feet of ground-floor retail space, says Todd Wigfield, a managing director with Greystar. Wigfield says the…
Synco Properties Inc. and Schlosser Development Corp. are filing a rezoning application today for their planned mixed-use development at the site of The Colony apartment complex in Charlotte's SouthPark area.
If approved, the zoning change to a mixed-use district at the 27-acre site would allow Synco and Schlosser to develop up to 1,100 residential units, 250,000 square feet of office space, 300,000 square feet of retail space (including a new grocery store) and a boutique hotel with up to 300 rooms,…
