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|

Kane Realty Breaks Ground on Next Office Tower

12-story Midtown Plaza to open in 2017 (Raleigh, NC – December 2, 2015) Kane Realty Corporation will celebrate the ground breaking of Midtown Plaza on Monday, December 7, 2015 at 11:00am. The ceremony will be held at the site, in the Park District near Midtown Park. Midtown Plaza will be 330,000 square feet of Class-A [...]

December 2nd, 2015|News, Office, Raleigh, Uncategorized|

The Capital Grille to Open in North Hills

Fine Dining Steak House Comes to Raleigh’s New Bank of America Tower (Raleigh, NC – December 1, 2015) Kane Realty Corporation and KBS Realty Advisors are excited to announce that The Capital Grille, a fine dining restaurant, will open on the ground level of the newly announced Bank of America Tower, in the Park District [...]

December 1st, 2015|News, Raleigh, Retail|

Kane brings in new JV partner to build new North Hills office building

North Hills developer Kane Realty Corp. has brought in a new joint venture partner to help fund construction of the new Midtown Plaza office building that'll be anchored by Allscripts. KBS Realty Advisors of Newport Beach, California, announced on Wednesday that it will be joining Kane in the development of the 329,214-square-foot building project. Midtown [...]

November 4th, 2015|News, Office, Raleigh|

Largest Commercial Real Estate Developer in the Triangle: Kane Realty

This week’s list takes a look at the largest commercial real estate developers in the Triangle. The list is ranked by the total number of square feet developed in the past five years in the local area. Here are the top five on this year’s list and the total square footage of commercial space developed [...]

November 2nd, 2015|Commercial, News, Raleigh|