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751 South renews drive for annexation to Durham

Developers of the controversial 751 South project in southern Durham County have re-applied for annexation and utility service from the city. In 2012, the City Council unanimously denied annexation and utilities, but support in current state legislature has changed the situation.

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Archive by category ''Real Estate

WAKE COUNTY

City of Raleigh says widow not ordered out of house immediately

Nettie Grove, 83, may be able to stay on Carver Street in a house Raleigh bought. Earlier this year, the city surprised Grove with a letter telling her that Raleigh was interested in buying her property for a possible development in the future. Funds and assistance would be provided.
REAL ESTATE

US housing starts fell in April but permits surged

U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month.
REAL DEALS

Real Deals: For Triangle apartment developers, timing could be everything

The timing of when an apartment project opens will go a long way toward determining how well it does. In the case of Northwood Ravin, which is now opening new communities in Cary and downtown Raleigh, the company's timing couldn’t be much better.
LOCAL/STATE

Raleigh OKs affordable housing, but will review policies

The Raleigh City Council on Tuesday approved funding for a new affordable housing complex, but agreed to review its guidelines on where the facilities can locate.
REAL ESTATE

Triangle home sales jump 41 percent as inventory levels keep dropping

Triangle home sales surged 41 percent in April as buyers continued to snatch up properties from an ever-shrinking inventory of homes on the market.
REAL ESTATE

Downtown Raleigh's redevelopment spreads east with apartment project

The ongoing revitalization of downtown Raleigh has reignited a long-dormant apartment project planned for just east of Moore Square. A Raleigh developer has filed plans to build 224 apartments on the 2-acre block bordered by Hargett, Martin, Bloodworth and East streets.
REAL ESTATE

New Perimeter Park office building a sign of Triangle’s improving economy

Duke Realty has begun construction on a new speculative office building at Perimeter Park, the latest sign of the Triangle office market’s improving health.
JOSH SHAFFER

Shaffer: Raleigh uproots 83-year-old widow

Nettie Grove shuffled to the door on her walker, still wearing her nightgown in the late afternoon, and invited me in. I had come to hear how Raleigh bought the house she rents on Carver Street and gave her 90 days to move. At age 83. After a stroke.
REAL ESTATE

Borrowers see glitches as big banks sell off mortgage rights

Millions of homeowners around the country have received an unexpected message from their banks: Goodbye. After years of collecting mortgage payments from as many people as they could, big U.S. banks such as Bank of America and Wells Fargo are scaling back.
REAL ESTATE

Cary vetoes project planned for state land near soccer park

The Boulevard, a mix of homes, offices and retail planned for Cary's eastern edge, is dead in the water after a contentious 4-3 veto by the Cary Town Council on Thursday night.