12/5/2019 12:05:00 PM

The home sold at a slight loss.

12/5/2019 12:00:34 PM

A residential real estate investor has expanded its footprint in the Triangle with the purchase of an apartment community in Durham. Montebello, New York-based Dasmen Residential paid $29.5 million earlier this month for The Forest, a 272-unit multifamily community. The apartments are situated on 19 acres at 800 White Pine Drive in Durham by Duke Forest and down the road from the intersection of U.S. Highway 501 and N.C. 147. Dasmen bought the property from the Sterling Group, a real estate investor…

12/5/2019 12:00:00 PM

Phoenix area bankruptcy courts recorded one business filing - including zero with total debt above $1 million - during the week that ended November 29, 2019. Year to date through Nov. 29, the court recorded 84 Chapter 7 or Chapter 11 business bankruptcy filings, a 6% decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its…

12/5/2019 11:41:54 AM

Former President Barack Obama and First Lady Michelle Obama have closed on their acquisition of 79 Turkeyland Cove Road in Edgartown, Massachusetts, on Martha’s Vineyard from Boston Celtics owner Wycliffe Grousbeck and his wife Corinne Grousbeck for $11.75 million, two island newspapers reported Wednesday. Paulo C. DeOliveira, register of deeds for Duke’s County, confirmed the $11.75 million sale to the Business Journal. The home was initially listed in August 2015 for $22.5 million, but its…

12/5/2019 11:33:38 AM

A new CEO has taken the reins at the Triangle's largest residential real estate agency.