A Blackstone affiliate is preparing to close on an $845.2M refinancing deal for a nearly 5,000-unit multifamily portfolio. Cortland University City in Charlotte The investment giant’s Blackstone Real Estate Income Trust lined up the two-year floating-rate loan with the New…
Charlotte and Raleigh have emerged as the top two retail markets in the country, according to Marcus & Millichap’s 2026 Retail Investment Forecast Report published March 12. The report weighs a mixture of forward-looking economic indicators and supply-and-demand variables over…
A major mixed-use project in a northern Charlotte suburb has cleared a key regulatory hurdle. The Huntersville Planning Board voted Wednesday to back a rezoning proposal for a $200M mixed-use development from WLA Enterprises Inc., The Charlotte Observer reported. Knox Crossing,…
The Sonesta Extended Stay Hotel in southwest Charlotte was sold to a New York-based nonprofit on Feb. 12 and is reportedly earmarked to become housing for veterans. Marcus & Millichap announced it had brokered the sale, representing the private seller. The announcement…
A North Carolina developer has acquired a large parcel of land in Durham, five months after receiving rezoning approval from the city for a 300-acre mixed-use development. Charlotte-based Beacon Partners bought 119 acres in southeast Durham in a $20M deal with…
The last quarter of 2025 came with price haircuts across much of the U.S. real estate landscape. Urban offices were hit particularly hard. Commercial properties took price haircuts across the U.S. at the end of 2025, according to MSCI. While MSCI’s…
A Charlotte apartment developer is spearheading a mixed-use project next to a Wieuca Road Baptist church that includes plans for a new office building. The monument sign for the Church at Wieuca in Buckhead Crescent Communities applied for special administrative…
Another high-end retail outlet in Charlotte will carry the Simon brand. Simon Property Group has acquired the Phillips Place mall in the SouthPark neighborhood of Charlotte, according to a press release. Phillips Place is a 134K SF, mixed-use, open-air retail center…
While the construction pipeline in Charlotte has encountered some hurdles, with vacancy remaining high and deals slowing, there’s still a positive outlook for the multifamily and build-to-rent markets. A growing population, a robust job market and increased demand for rentals have…
Despite steady rent growth, a deep pool of educated renters and one of the smallest construction pipelines in the country, Chicago’s multifamily market is being held back by one thing. Institutional capital needs to catch up. Local and private investors…
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