DURHAM, N.C. — Scottsdale, Arizona-based Alliance Residential Co. has acquired approximately 14 acres of land in Durham for Broadstone RTP, a 270-unit project about four miles north of Research Triangle Park. The site is located at 2610 South Miami Blvd. The project’s Raleigh-based team includes McAdams Co. (civil engineering), Cline Design (architecture) and MAD Studio Interiors (interior design). Broadstone RTP will include one three-story residential building, three four-story residential buildings and a freestanding clubhouse. Units will feature granite countertops, stainless steel appliances, wood-style flooring, walk-in closets and full-sized washers and …
DURHAM, N.C. — ZOM Living and AEW Capital Management have completed Maizon Durham, a 248-unit property in downtown Durham. The community features 13,000 square feet of street-level retail, a resort-style pool, coworking spaces, a pet spa, a fitness center with a spin studio and a café. Units are offered as studio, one-, two- and three-bedroom floor plans ranging from 558 to 1,450 square feet. Hord Coplan Macht was the architect, and One Line Design Studio handled interior design. The developer is seeking food and wellness tenants for the commercial space.
RALEIGH, N.C. — KBS has sold Park Central Apartments, a 286-unit luxury high-rise community with ground-floor retail in Raleigh, to Fairfield Residential for $132.5 million. KBS developed the property with partner Raleigh-based Kane Realty Corp., delivering it in 2017. According to KBS, it is the first high-rise in Raleigh’s North Hills neighborhood. Amenities include a sky deck with a saltwater pool, a clubhouse, sauna, a dog spa, fitness and conference centers and a parking garage for residents. The units sit above 36,000 square feet of retail, including, casual dining restaurant …
OXFORD, N.C. — Chicago-based 29th Street Living has been selected to manage Autumn Park Apartments, a 128-unit community in Oxford, about 40 miles north of Raleigh, North Carolina. The asset is owned by New York City-based Newbrook Capital. Autumn Park was built in 2005 and offers one-, two- and three-bedroom units. Amenities include a pool and a 24-hour fitness center.
DURHAM, N.C., LOVELAND, COLO. — Walker & Dunlop has arranged a $110 million refinancing for Buckingham Cos., an Indianapolis-based real estate investment firm. The sponsor will use the financing, consisting of two floating-rate bridge loans, to refinance existing construction loans on two properties, Plat 4 at Research Triangle in Durham and Plat 10 at the Ranch in Loveland. Both properties were delivered in 2024. Plat 4 at Research Triangle is a 24-unit community consisting of six buildings. Plat 10 at the Ranch is a seven-building complex with 353 units. Walker …
SAN DIEGO — Sunroad Enterprises has sold a 15-property portfolio to Fairfield for $1.1 billion. Both firms are based in San Diego. The portfolio includes properties in six states: six in Arizona, one in Nevada, three in Colorado, two in North Carolina, two in South Carolina and one in Georgia. The deal took six years to put together. JLL, representing Sunroad, arranged the sale as well as a $415 million Freddie Mac loan for 10 of the assets and an additional $250 million in fixed-rate senior debt provided by KKR. …
CHARLOTTE, N.C. — Jordan McCarley has joined Cushman & Wakefield’s Carolinas Multifamily team. With the title executive vice chair, McCarley will lead the Carolinas team alongside Blake Okland, Paul Marley and Alex McDermott. The Carolinas Institutional Multifamily Advisory team is part of the firm’s Sunbelt Multifamily Advisory Group, which is an 85-person investment sales team covering 14 states.
CHARLOTTE, N.C. — Trammell Crow Residential (TCR) has sold Alexan Mill District in Charlotte for $82 million. The Seminole Tribe of Florida Sovereign Wealth Fund’s Real Estate Fund (SemREF) was the buyer, marking SemREF’s third deal with TCR. Northmarq’s Charlotte Multifamily Investment Sales team, representing TCR, was led by Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn and Austin Jackson. Alexan Mill District was developed last year and includes 290 units and such amenities as a clubhouse, indoor-outdoor social space with a catering kitchen, a rooftop lounge, a …
CHARLOTTE, N.C. — EMBREY, a San Antonio-based investment firm, has closed on land and financing for Stateswood, a 300-unit community located at 10630 Twin Lakes Parkway in Charlotte. The 19.8-acre property will be a three-story, garden-style development with such amenities as a clubhouse, coworking lounge, a resort-style pool, a fitness center, a courtyard, a pet park and a 24-hour package room. Pre-leasing will be handled by EMBREY Management Services, and the developer anticipates completion by the first quarter of 2027. The financing for Stateswood was provided by Trustmark Bank.
CHARLOTTE, N.C. — Alliance Residential Co. has opened Broadstone West End, a 332-unit community in Charlotte’s FreeMoreWest neighborhood. The project was designed by a Charlotte-based team including McAdams Co. (civil engineering), Cline Design (architecture) and MAD Studio Interiors (interior design). Broadstone West End offers studios and one- and two-bedroom floor plans. Units feature Samsung stainless steel appliances, wide plank flooring, quartz countertops, electronic entry locks and full-size washers and dryers. Private balconies, built-in entry storage and city views are available in select floor plans. Residents can choose from three interior …