Deal Summary
Property: Carolinas Distribution Center (CDC)
Address: 1053 Shotwell Road in Clayton, NC
Price: $61.25 million, or about $54 per square foot
Size: four-building property totals more than 1.1 million square feet of high-end distribution and cold storage space
Year Built: 1998
Buyer: Crown West Realty, a subsidiary of New York-based Petrus Partners
Seller: Fulcra Enterprises and JER Partners.
Brokerage: Robert Cochran of Colliers Pinkard represented the seller in the transaction. Colliers Pinkard was retained to handle leasing and management at the property.
Source:Crown West Pays $61M for Carolinas Dist. Center - CoStar Group
Thursday, October 25, 2007
Group Picks Up 396 Units in Raleigh Area for $11M - CoStar Group
Apartments Still Strong in Raleigh.
Recent Deal Highlights:
Property: Centennial Ridge Apartments
Address: 2450 Centennial Ridge Way, Raleigh, NC
Price: $4.5M
Units: 180
Price per unit: $25,000
Buyer: HRA Wolfpack Ridge LLC
Seller: Centennial Ridge LLC
Property: Centennial Village Apartments
Address: 2320 Crescent Creek Drive, Raleigh, NC
Price: $6.5M
Units: 216
Price per unit: $30,092
Buyer: HRA Wolfpack Ridge LLC
Seller: Centennial Village LLC
Brokerage: Drew Showfety and Ralph Jones of Greensboro-based Twin City Commercial Brokerage represented both the sellers and the buyers.
Source:
Group Picks Up 396 Units in Raleigh Area for $11M - CoStar Group
Recent Deal Highlights:
Property: Centennial Ridge Apartments
Address: 2450 Centennial Ridge Way, Raleigh, NC
Price: $4.5M
Units: 180
Price per unit: $25,000
Buyer: HRA Wolfpack Ridge LLC
Seller: Centennial Ridge LLC
Property: Centennial Village Apartments
Address: 2320 Crescent Creek Drive, Raleigh, NC
Price: $6.5M
Units: 216
Price per unit: $30,092
Buyer: HRA Wolfpack Ridge LLC
Seller: Centennial Village LLC
Brokerage: Drew Showfety and Ralph Jones of Greensboro-based Twin City Commercial Brokerage represented both the sellers and the buyers.
Source:
Group Picks Up 396 Units in Raleigh Area for $11M - CoStar Group
Wednesday, October 17, 2007
Treasurer Richard asks for More
Call it election year politics or serving the public. Richard Moore knows how to get the press.
Last week our State Treasurer and 2008 candidate for Governor asked the SEC to investigate stock sales by Countrywide's CEO. Now he's asking mortgage lenders to agree to his eight prinicples and he promises to publish the names of those who do.
Business Week picked up the story. http://www.businessweek.com/ap/financialnews/D8SAO2H80.htm along with the rest of the financial press.
Seems like this is what we do in America. Periods of propserity where everyone is getting rich so we over reach, (mortgage crisis, private equity, Enron, dot coms, S&L, tulips, you name it) followed by periods of over regulation and tightening.
Along the way fortunes and politicians are made.
What a country.
Last week our State Treasurer and 2008 candidate for Governor asked the SEC to investigate stock sales by Countrywide's CEO. Now he's asking mortgage lenders to agree to his eight prinicples and he promises to publish the names of those who do.
Business Week picked up the story. http://www.businessweek.com/ap/financialnews/D8SAO2H80.htm along with the rest of the financial press.
Seems like this is what we do in America. Periods of propserity where everyone is getting rich so we over reach, (mortgage crisis, private equity, Enron, dot coms, S&L, tulips, you name it) followed by periods of over regulation and tightening.
Along the way fortunes and politicians are made.
What a country.
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