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TAB Bank Adds Laura Schulte and Martha McGuire to its Board

New board members bring large bank expertise in capital markets, deposit expansion strategy, M&A, and commercial lending. ....

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Car-Free Developments on the Rise

Car-Free Developments on the Rise
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Rehab of 136/137 buildings set to transform downtown Chapel Hill

With the rehabilitation of 136 East Rosemary Street and 137 East Franklin Street by Grubb Properties, Inc. in the works, Chapel Hill's downtown corridor is slated for a major transformation. ....

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Rehab of 136/137 buildings set to transform downtown Chapel Hill

by Abbey Slattery June 4, 2021 .
This article was written for our sponsor, the Town of Chapel Hill.
Downtown Chapel Hill is primed for expansion.
With the rehabilitation of 136 East Rosemary Street and 137 East Franklin Street by Grubb Properties, Inc., the downtown corridor is slated for a major transformation.
“It’s one of the most significant projects that’s happened in Chapel Hill, probably since the Carolina Square project was done years ago. This has the potential to house hundreds of office workers and high-tech workers that we really have not had in any great density in Chapel Hill before,” said Doug Rothwell, an executive-in-residence for economic development with the University of North Carolina’s Innovate Carolina. “When you look at other college towns, many of our peer universities have a lot of high-tech employees working in the town and the community in which that university resides. The Research Triangle Park is certainly not that far a ....

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Greystone Closes $55 Million Freddie Mac Loan to Refinance Grubb Properties' 344-Unit Multifamily Property in Winston-Salem, NC

Greystone Closes $55 Million Freddie Mac Loan to Refinance Grubb Properties’ 344-Unit Multifamily Property in Winston-Salem, NC
NEW YORK, May 10, 2021 (GLOBE NEWSWIRE) Greystone, a private national commercial real estate finance company, announced today it provided a $54,934,000 permanent Freddie Mac loan to an affiliate of Grubb Properties to refinance a recently constructed and stabilized 344-unit Class A multifamily property in the heart of Innovation Quarter in Winston-Salem, North Carolina.
The new 15-year, fixed-rate loan is a permanent takeout of the construction financing arranged by Greystone in 2018. Drew Fletcher, Paul Fried, and Matthew Hirsch originated both the construction and the permanent financing on behalf of Grubb. ....

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