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Downtown's Branch Building sells at auction for less than what seller paid four years ago

The North Carolina investor paid nearly $1.5 million for the property in January of 2020, just in time to be dealt a blow by the pandemic-induced office market downturn.

North carolinaUnited statesNash warrenNael abouzakiJamie galantiMaxwell josephDowntown branch buildingNational register of historicBranch buildingCostar groupCommonwealth commercialNational registerHistoric places

Downtown office building headed for auction after buyer 'missed the market'

North Carolina-based developer Hem + Spire bought the six-story building in January 2020 for $1.5 million. Next month's auction has a starting bid of $450,000.

Nick patelSteven walkerMike plataniaNash warrenMaxwell josephWytestone plazaJamie galantiNational register of historicBranch buildingRealty capitalNorth carolina basedNational registerCommonwealth commercial partnersKalyan hospitality

The Pipeline: Commercial real estate roundup for 9.8.23

The $4 million sale of apartments in Richmond's Fan District and the lease of 5,463 square feet in downtown Richmond are the top transactions. (BizSense Pro subscription required)

Kenecko robinsonCushman wakefield thalhimerTom rosmanJeff cookeTucker dowdyNash warrenBen boykinMichael goodAnnie oconnorJustin sleddRobert marshallWaffle houseSl nusbaum realtyTaylor long propertiesOne south commercialBroad street

Manchester site once eyed for a grocery store goes back on the market

Manchester site once eyed for a grocery store goes back on the market
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An Eck of a deal: Family's Fan real estate holdings fetch nearly $50M

The 158 properties are now in the hands of various new owners after a slew of deals closed between mid-December and early January.

Ryan rileeJohn ashTom rosmanEdgar eck jrJustin sleddLory markhamMike plataniaLiz mcsorleyAnn schweitzer rileyNash warrenKen campbellBlue dog propertiesUniversity propertie andrew horrocksUniversity propertyCarolina capital real estate partnersWest main