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A Durham apartment complex has been purchased by a Massachusetts investor, VTT Management, for $11.4 million. The Carver Pond apartment community is located at 4001 Meriwether Drive off of East Carver Street in the north area of Durham. The Raleigh movers have learned that the complex, which was built in 1998, is the seventh real […]

Cumberland County has seen a surge in personal income to the rate of 5.5 percent, according to estimates released by the Federal Bureau of Economic Analysis. The Cumberland County metro is comprised of Fayetteville and also includes Hoke County, has a large military presence that has contributed to the area ranking at the third biggest […]

Residential housing permits are on the rise in Wake County and Durham County, so much so that Wake County reported a 17 percent raise from September of 2011 in comparison to September of this year. The Home Builders Association of Raleigh Wake County has also stated that thus far for 2012, single family home permits […]

South Durham’s Comfort Suites is set to undergo a $500,000 renovation as a new investor has taken ownership of the hotel and management of the 125-room complex. The hotel, located on Page Road in South Durham, was purchased by Blue Cougar Investments, managed by Interstate Hotels & Resorts of Arlington, VA. The company paid $5.6 […]

The Raleigh apartment complex known as Alta Oakridge senior housing has been purchased by a Washington area housing company called Capitol Seniors Housing from the previous owners at Wood Partners of Charlotte for the price of $24.25 million. The Raleigh movers have learned that the popularity of the apartments and housing developments in the Triangle […]

The third quarter of 2012 was a kind time for the Durham County real estate market. According to data pulled from the Triangle Multiple Listing Service (MLS), the third quarter of this year was a 17 percent rise in sales from the same time in 2011. The Raleigh movers are glad the local real estate […]

A Raleigh office building has been sold to a New York investment group for a cool $8 million, according to a recent write up in BizTimes. The building has a high occupancy rate and encompasses five floors on Wycliff Road with a total of 173,305 square feet. Wycliff Ventures sold the property to the New […]

A new data center is set to be built in Durham, thanks to an expansion from Sentinel Data Centers, and it will be the first multi-tenant data center building in the region. If all goes on track, the building will be available for occupancy at the beginning of next year. The 120,000 data center will […]

Recently, the downtown Sheraton hotel was sold to Oaktree Capital Management and Northview Hotel Group from the Gencom Group of Miami, who has owned the 353-room hotel since 2006. The Raleigh movers have heard the new owners plan to do significant work on the property, including upgrading hotel restaurants, updating the lobby, and much more. […]

A national historic landmark located on land owned by the family trust of Charles William Gaddy is the house under question as a developer is proposing the addition of a new apartment complex on the mostly undeveloped stretch along Wake Forest Road. The project up for decision would be a 243 unit apartment complex that […]