North Carolina
Capital Square Acquires North Carolina Portfolio
Capital Sq. has acquired the Asheville NC Condominium Portfolio comprising two multifamily communities in Asheville, N.C. In whole, the belongings have 305 flats. The agency made the acquisition on behalf of a personal placement providing, CS1031 Asheville NC Condominium Portfolio, DST. The Delaware statutory belief funding providing is searching for $73.1 million in fairness.
One of many properties, River Mill Lofts, has 253 models situated at 100 River Mill Drive. The opposite close by asset is the Skyloft Flats, situated at 500 S. Skyloft Drive, with 52 flats. Each communities are in high-growth areas, with Asheville rents rising 25% over 12 months ending in January, in keeping with a report by Condominium Listing.
“Capital Sq. is worked up so as to add two extra Asheville belongings to our portfolio,” Whitson Huffman, chief technique officer for Capital Sq., advised Multi-Housing Information. “This dynamic, excessive barrier-to-entry market is uniquely positioned to proceed the excessive progress the rental market has been experiencing.”
Cushman & Wakefield’s Michael Saclarides and Devin Bryan brokered the deal. In accordance with Yardi Matrix knowledge, River Mill Lofts bought for $42 million, or $166,403 per unit. Additionally in keeping with Yardi Matrix knowledge, Skyloft Flats bought for $14.2 million, or $273,076 per unit.
READ ALSO: 24/7 Retailer It Buys North Carolina Facility
North Carolina’s largest well being system, Mission Well being, has its flagship medical middle lower than 2 miles from the portfolio, using greater than 10,000 folks in Asheville and western North Carolina. Pratt & Whitney, an aerospace producer, is ready to construct a 1 million-square-foot middle 3 miles from the property, which is able to add 800 jobs by the top of 2022.
Different close by facilities embrace downtown Asheville, the Higher Asheville wilderness, the Swannanoa River and Biltmore Village. Biltmore Village is a historic enclave modeled after an English village, that includes outlets, eating places, cafes and breweries.
The communities are on greater than 10 acres of land and have one-, two- and three-bedroom flats. Items common 1,120 sq. toes. River Mill Lofts residents have entry to the Swannanoa River, a clubhouse and a swimming pool, whereas Skyloft Flats has outside hearth pits, grilling areas and a pet park.
Final month Capital Sq. secured long-term financing for a group in Richmond, Va., in addition to acquired a multifamily asset in Woodbridge, Va.
Sunday, January 12, 2025 4:21PM
Deputies responded to a water rescue call on Golf House Road West in Whitsett. This is around 15 miles east of Greensboro.
WHITSETT, N.C. (WTVD) — A child is dead after a sledding accident Saturday morning in Guilford County.
According to the Guilford County Sheriff’s Office, deputies responded to a water rescue call a little after 9 a.m. on Golf House Road West in Whitsett. This is around 15 miles east of Greensboro.
Authorities said when they arrived, they found a child in the water. The child was taken to a hospital and later died from their injuries.
Two fire responders and three civilians who helped during the rescue were taken to a hospital.
“Preliminary information indicates that the tragic event occurred because of a sledding accident,” GCSO said.
This is an ongoing investigation. No further information was released.
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RALEIGH, N.C. — — Ian Jackson scored 21 points and Jalen Washington made the game-winning basket then sealed it with a block to give North Carolina a 63-61 victory over N.C. State on Saturday.
It was tied at 61-all when Washington’s dunk ended the scoring with 24 seconds left. Washington then blocked Jayden Taylor’s layup attempt to end it.
Washington blocked three shots and recorded his first career double-double, scoring 11 points and grabbing 12 rebounds. Jackson made five 3-pointers and finished 8-of-15 shooting. RJ Davis added 11 points for North Carolina (11-3, 7-1 ACC).
Marcus Hill scored 20 points and grabbed nine rebounds for N.C. State (9-7, 2-3), which has lost three of its last four. Taylor added 12 points and Ben Middlebrooks had 14 rebounds.
The Tar Heels led for most of the game and by as many as nine points, 56-47, with about six minutes. Hill scored six points during a 12-2 run to give the Wolfpack a 59-58 advantage with 2:28 remaining.
North Carolina will look to extend its three-game win streak with a home game against California on Wednesday.
N.C. State plays at Virginia Tech on Wednesday.
— Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball
North Carolina
North Carolina governor pushes FEMA to extend temporary shelter assistance as winter storm rolls in
North Carolina Gov. Josh Stein said he will continue to use every resource at his disposal to ensure that residents impacted by Hurricane Helene stay warm, as winter storms sweep across the state – potentially affecting power grids and other critical infrastructure impacted by the prior storm.
Federal Emergency Management Agency (FEMA) temporary housing assistance will end Saturday for thousands of North Carolina residents, some of whom are facing frigid temperatures this weekend in the Appalachian Mountain region.
“At our request, FEMA has extended temporary shelter assistance through Tuesday in light of the winter storm impacting western North Carolina,” Stein’s office confirmed to FOX Business.
Workers, community members, and business owners clean up debris in the aftermath of Hurricane Helene in Marshall, N.C., Sept. 30, 2024. (Jabin Botsford/The Washington Post via Getty Images)
AMERICANS SPENDING THANKSGIVING IN TENTS AS HEAT, ELECTRICITY, FOOD STILL HARD TO FIND
The Transitional Sheltering Assistance (TSA) program, which cannot be requested and was only granted to survivors identified by FEMA beginning in October, was set to end on Friday and later pushed back to Saturday.
FEMA’s local disaster recovery centers will be closed through Monday, “due to winter weather.”
“I will continue to use every resource at my disposal to get folks into safe and warm shelter,” said Gov. Josh Stein.
North Carolinians started receiving letters on Jan. 3 informing them their hotel or motel rooms would no longer be covered, Fox News Digital reported. When eligibility ends, they are given a week’s notice to check out.
HUNDREDS OF LA HOMES EXPECTED TO BURN IN WILDFIRES
Thousands of Hurricane Helene survivors continue to be supported by the program in western North Carolina, following the September storm.
Heavy rains from Hurricane Helene caused record flooding and damage on Sept. 28, 2024, in Asheville, N.C. (Melissa Sue Gerrits/Getty Images)
There are currently 5,600 households currently checked into hotels, according to FEMA.
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The agency said those with questions about eligibility should contact the FEMA helpline at 1-800-621-3362.
Fox News Digital’s Audrey Conklin and Brooke Singman contributed to this article.
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