Triangle Commercial Real Estate Sales Reach $469M in May

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Just before the summer hot weather comes in, investors in the Triangle were very hot for hotels in May.

Of the nearly $469 million in major commercial property sales recorded in the Triangle during the month of May, nearly half were in hotel acquisitions, according to a review of deed records in Wake, Durham and Orange counties.

The Triangle – on average – may have one or two hotel properties that trade each month, but in May the market had investors paying nearly $203 million for 12 high-profile properties.

(TBJ:6/9/15)

 

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