Press Releases

Holiday Inn Express in Charlotte, North Carolina Metro Area to Open with Brand’s New Sign

ATLANTA, GA - January 19, 2010 - (RealEstateRama) — IHG (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)], the world’s largest hotel group by number of rooms, announced the recent opening of the Holiday Inn Express and Suites Matthews.

Hotel Indigo Opens in Asheville, N.C

ATLANTA, GA - November 9, 2009 - (RealEstateRama) — The newest Hotel Indigo opened its doors today in downtown Asheville, N.C. Nestled near the foothills of the Blue Ridge Mountains, the 100-room new-build boutique hotel is the second of five properties planned for the state; additional deals are signed in Charlotte, Wilmington and Winston-Salem.

Hotel Indigo Opens Property in Durham, NC

ATLANTA, GA - August 31, 2009 - (RealEstateRama) — Hotel Indigo today announced the opening of Hotel Indigo Durham-Research Triangle Park, the first of five properties planned for North Carolina. The 125-room new-build boutique hotel will be joined later this year by a 100-room property in Asheville; additional deals are signed in Charlotte, Wilmington and Winston-Salem.

Circle at Concord Mills Certified as Audubon Signature Sanctuary

Charlotte, N.C. - August 19, 2009 - (RealEstateRama) — Crescent Resources Multifamily Development Group’s Circle at Concord Mills is the first multifamily community in the country to be certified by Audubon International as an Audubon Signature Sanctuary.

Turner Awarded $120 Million Contract to Manage Construction of Harrah’s Cherokee Hotel Tower III in Cherokee, N.C.

This 500,000 sq. ft., 532-room addition will make Harrah’s Cherokee Hotel the largest hotel in the State of North Carolina. New York, N.Y. - July 27, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s leading general builder, has been awarded a $120 million contract to manage the construction of Harrah’s Cherokee Hotel Tower III in Cherokee, N.C. The completion of the tower is scheduled for December 2010

New Specialty Food Choices Set to Open at Concord Mills

CONCORD, NC - April 28, 2009 - (RealEstateRama) — Simon Property Group’s Concord Mills is thrilled to announce two additional openings this summer. Firehouse Subs and Jasmine Smoothie World & Bubble Tea are set to open doors at the popular shopping center and bring dynamic new dining and refreshment options to Charlotte-area shoppers.

Commercial Defeasance Structures $22 Million Transaction for HVM Management Company, Inc.

GREENSBORO, N.C., March 5 /PRNewswire/ — Commercial Defeasance, LLC recently facilitated a $21,800,000 multi-property defeasance transaction for HVM Management Company, Inc. based in Greensboro, North Carolina. The defeasance included five loans secured by multifamily properties located in North Carolina and South Carolina. The defeasance was accomplished in connection with a sale of a portfolio of […]

Morningstar Acquires Eaton Ferry Marina

Company Completes Its Ninth Acquisition in Its Marina Portfolio
CHARLOTTE, N.C., Jan. 4 /PRNewswire/ — Morningstar Properties, LLC, in its joint venture with Harrison Street Real Estate Capital (HSRE), announces that it has acquired Eaton Ferry Marina located in Littleton, North Carolina.

Phillips Edison & Company Acquires Another Center in North Carolina

BALTIMORE, Dec. 7 /PRNewswire/ — Phillips Edison & Company, a retail real estate owner, manager and developer, announced the purchase of New Market Madison Shopping Center in Madison, North Carolina.

Horticultural Asset Management Announces Wildfire Preparedness Program

CARY, N.C., Nov. 15 /PRNewswire/ — Doug Malawsky, executive vice president of Horticultural Asset Management, Inc. (HMI), has announced that the company is now offering an innovative tool for evaluating a property’s wildfire preparedness. HMI’s Wildfire Preparedness Assessment (WPA) consists of an on-site evaluation of a property using HMI’s proprietary PDA-based software which collects specific […]

Legendary Nashville Songwriter and Guitar Innovator To Sell Boone, NC Mountain Home and Land

BOONE, N.C., Nov. 5 /PRNewswire/ — Mac Gayden, who co-wrote the hit song “Everlasting Love” and the inventor of the “slide wah” guitar technique will offer his custom home built on 40.43 acres at public auction at 2:00PM, Saturday afternoon, December 8th at the Meadowbrook Inn in beautiful downtown Blowing Rock, NC.

Waterstone Capital Advisors Pays Over $1 Million to Defeasance Clients

CHARLOTTE, N.C., Oct. 31 /PRNewswire/ — Waterstone Capital Advisors, LLC an established defeasance consulting firm, has just announced their financial product, whereby commercial real estate borrowers can receive a present value cash payment for their share of the residual float from a CMBS loan at the closing of a defeasance transaction.

Oz Custom Built Homes Names New Listing Agents for Eppington South

CHARLOTTE, N.C., Oct. 11 /PRNewswire/ — Oz Custom Built Homes has named Kim and Duke Speed of Keller-Williams(R) Realty, Ann Yountz of RE/MAX(R) Executive Realty, and Roz Bailey of Allen Tate Realtors(R) as new listing agents for the luxury housing community of Eppington South.

Commercial Defeasance Coordinates 54 Loan Defeasance for Affordable Residential Communities, Inc.

CHARLOTTE, N.C., Sept. 26 /PRNewswire/ — Commercial Defeasance, LLC coordinated one of the largest and most complex defeasances to date for Affordable Residential Communities, Inc. The defeasance encompassed 205 properties across the country and 54 loans that were coordinated with five different servicers. The total amount of the defeasance exceeded $665,000,000.

Ground Broken for Weirbridge Village, a New ‘Green’ Community in South Asheville

ASHEVILLE, N.C., Sept. 21 /PRNewswire/ — Kassinger Development Group and Pulliam Properties are breaking ground today for their latest development in the South Asheville area. Response to the availability of upscale ‘green’ condominiums and a commercial section of retail shops has been incredibly strong through the initial reservation process, and developers expect the Phase 1 […]