Kayli Thompson

3 weeks ago | bizjournals.com | Kayli Thompson

A Northwest Raleigh manufacturing building sold for double its assessed value in a sale-leaseback. Reddy Ice sold its Raleigh manufacturing center to W.P. Carey of New York for $10.986 million, according to Wake County deed records. The sale is for two buildings on two parcels with a combined assessed value of a little more than $5.2 million. The two companies signed a lease agreement for a term of 20 years with an option to renew for another nine years.

4 weeks ago | bizjournals.com | Kayli Thompson |Amy Wenk

As office market headwinds continue, a Durham commercial real estate firm is putting iconic Atlanta tower up for sale — and one that is home to the town's National Basketball Association team. Shortly after putting University Tower in Durham up for sale, Dilweg has now listed the 101 Marietta St. tower located in downtown. The 36-story tower dates to the 1970s and is known the chevron silhouette. Since 2022, Dilweg has sold three office buildings and released four back to the lender.

4 weeks ago | bizjournals.com | Kayli Thompson

Despite the shaky office market, office towers still go for big money. While office building sales have been greatly affected since the pandemic, there’s one type of office building that still sees high prices: office towers. Factors like Class B, suburban, aging and low occupancy affect valuations and negotiations. Add in the shaky office market and remote work, and it’s a recipe for low office building prices in transactions.

1 month ago | bizjournals.com | Kayli Thompson

A north Raleigh mansion is up for sale with a big price tag. The CEO of a Raleigh hotel company has put his massive mansion on the market, to the tune of $6.5 million. Mark Laport, president and CEO of Concord Hospitality, is selling his North Raleigh home after owning it for 13 years. Coming in just under 18,000 square feet, the home has seven bedrooms and 12 bathrooms. The Georgian estate sits on a private cul-de-sac in The Barony gated community that is along Poole Lake.

1 month ago | bizjournals.com | Kayli Thompson

More than 100 acres were sold in southeast Garner. More than a hundred acres in southeast Garner sold for a high price. NCTH Holdings LLC bought 127.98 acres for $36.475 million, according to Wake County deed records. The LLC has a principal address associated with Gregory Poole Equipment Co., the Eastern North Carolina Caterpillar (NYSE: CAT) dealer. The land is halfway between Garner and Clayton, south of Highway 70 and east of Interstate 40.