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The faces have changed. The locations have changed. Styles of conversing have changed. But the Kirkwood Coffee Clubbers tradition of manly men sipping and slurping their morning java persists, and
The Beach Company, announced the acquisition of The Northside at Merrimon a 166-unit garden-style multifamily community in Asheville, N.C.
NORFOLK, VA - Harbor Group International, a privately-owned international real estate investment and management firm, announced the acquisition of a portfolio of eight multifamily communities in the U.S. Southeast for $309 million. Seven properties are in North Carolina markets, including Charlotte, Raleigh, Winston-Salem, Greensboro, Durham, and one property is in Hampton, Va. The portfolio was sold by Newmark's Dean Smith and John Heimburger and financing was arranged by Newmark Capital Markets Team Henry Stimler, Bill Weber and Matt Mense. The acquisition marks HGI's retu...
Harbor Group International (HGI) has acquired an eight-property multifamily portfolio for a JV of McDowell Properties and Angelo Gordon for $309 million. Know as The Southern Piedmont Portfolio, the package includes 2,322 units spread across suburban submarkets in North Carolina and Virginia. HGI plans a $13 million capital expenditure program to upgrade and modernize the properties, which has an average vintage in the early 1990s, with about 71 percent of the garden-style units featuring classic or lightly renovated finishes. A team from Newmark that included John Heimburger, Christine Espe...