Kane brings on JV partner for $100M Park Central at North Hills

KBS Realty Advisors has already helped Raleigh's Kane Realty Corp. finance and build two new office towers at North Hills, and now the West Coast real estate investor is signing on for a third major building project in Raleigh. California-based KBS, the company announced on Wednesday, has signed on as a new joint-venture partner alongside [...]

February 11th, 2016|Conventional Multifamily, Raleigh, Residential|

Raleigh Luxury Community Changes Hands for $93.5M

A joint venture sold the 434-unit community to Heitman. Raleigh, N.C. — Federal Capital Partners and Kane Realty Corporation have sold Allister North Hills, a 434-unit luxury apartment community in Midtown Raleigh, N.C., to Heitman for $93.5 million. “Allister provides apartment living in an established, high-end residential neighborhood where there are not additional opportunities to [...]

January 8th, 2016|Conventional Multifamily, News, Raleigh, Residential|

Record Deal: California pension fund pays $93.5 million for North Hills apartments

A California pension fund that's connected to the Los Angeles County Employees Retirement Association has acquired from a North Hills partnership the 434-unit Allister North Hills apartment community in midtown Raleigh. An affiliate of LACERA has paid $93.5 million for the midtown site, according to county records, which sets a new record as the most [...]

January 5th, 2016|Conventional Multifamily, News, Raleigh, Residential|