Captrust Tower
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Captrust Tower
Captrust Tower is a 17-story mixed use high-rise building located in North Hills, Raleigh, North Carolina. The tower opened in the fall of 2009. It has of office space and of retail space. It is named for Captrust Financial Advisors, the first tenant, which uses on the top two floors for its headquarters. Captrust Tower was built by Duke Realty Duke Realty was a real estate investment trust based in Indianapolis, Indiana that invested in industrial warehouses. As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable sq ... Corp. of Indianapolis and Kane Realty Corp. of Raleigh. KSB realty Advisors of Newport Beach, California announced its $98.4 million purchase of the building January 31, 2013. When the tower was announced in 2007, Captrust Financial Advisors had 75 employees and managed $20 billion in assets, with plans to expand westward. The company advised companies with retirement plans as well as ...
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Captrust Tower Raleigh
Captrust is an American investment advisory company based in Raleigh, North Carolina. , it had roughly $100 billion of assets under management and $750 billion of assets under advisement. , it employed around 1,300 people and had acquired 69 companies since 2006. In 2020, private equity firm GTCR purchased 25% of the company at a price implying a total value of $1.25 billion. Captrust originated in the 1990s within Interstate/Johnson Lane as a Fielding Miller and David Perkins project. In 2002, Wachovia Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total asse ..., which had acquired Interstate/Johnson Lane, spun it out. References {{investment-stub Private equity firms of the United States Investment management companies of the United States ...
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Mixed Use
Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections. Mixed-use development may be applied to a single building, a block or neighborhood, or in zoning policy across an entire city or other administrative unit. These projects may be completed by a private developer, (quasi-) governmental agency, or a combination thereof. A mixed-use development may be a new construction, reuse of an existing building or brownfield site, or a combination. Use in North America vs. Europe Traditionally, human settlements have developed in mixed-use patterns. However, with industrialization, governmental zoning regulations were introduced to separate different functions, such as manufacturing, from residential areas. Public h ...
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North Hills (Raleigh)
North Hills is a mixed use development located in Raleigh, North Carolina that includes stores, restaurants, entertainment, commercial offices, residential living and a continuing care retirement community. There is a large outdoor commons area which features events such as live concerts, festivals, and a farmers' market. The development lies at the intersection of Six Forks and Lassiter Mills Roads, just to the north of the Six Fork Road interchange on Interstate 440 (North Carolina), I-440. Major anchors to the development include Target Corporation, Target, the Renaissance Hotels, Rennaissance Raleigh Hotel, and a Regal Cinema 14-screen movie theater, as well as a former anchor in JCPenney, which closed in April, 2020, and which is being redeveloped for a new anchor store, Restoration Hardware. The development is built on the site of a former shopping mall, also called North Hills, that was the first enclosed shopping mall in Raleigh. Site layout The site is divided int ...
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Raleigh, North Carolina
Raleigh (; ) is the capital city of the state of North Carolina and the List of North Carolina county seats, seat of Wake County, North Carolina, Wake County in the United States. It is the List of municipalities in North Carolina, second-most populous city in North Carolina, after Charlotte, North Carolina, Charlotte. Raleigh is the tenth-most populous city in the Southeastern United States, Southeast, List of United States cities by population, the 41st-most populous city in the U.S., and the largest city of the Research Triangle metro area. Raleigh is known as the "City of Oaks" for its many oak, oak trees, which line the streets in the heart of the city. The city covers a land area of . The United States Census Bureau, U.S. Census Bureau counted the city's population as 474,069 in the 2020 United States census, 2020 census. It is one of the fastest-growing cities in the United States. The city of Raleigh is named after Sir Walter Raleigh, who established the lost Roanoke Co ...
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Captrust
Captrust is an American investment advisory company based in Raleigh, North Carolina. , it had roughly $100 billion of assets under management and $750 billion of assets under advisement. , it employed around 1,300 people and had acquired 69 companies since 2006. In 2020, private equity firm GTCR GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. The firm principally invests in high-growth industries, including financial services & tec ... purchased 25% of the company at a price implying a total value of $1.25 billion. Captrust originated in the 1990s within Interstate/Johnson Lane as a Fielding Miller and David Perkins project. In 2002, Wachovia, which had acquired Interstate/Johnson Lane, spun it out. References {{investment-stub Private equity firms of the United States Investment management companies of the United States ...
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Duke Realty
Duke Realty was a real estate investment trust based in Indianapolis, Indiana that invested in industrial warehouses. As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. In October 2022, it was acquired by Prologis. Notable properties developed by the company include the Captrust Tower in Raleigh, North Carolina and the Scripps Center in Cincinnati, Ohio. History Duke Realty was founded in 1972 by John Rosebrough, Phil Duke, and John Wynne with $40,000 of capital. Its first development was in the Park 100 neighborhood in northwest Indianapolis. In 1993, the company became a public company via an initial public offering on the New York Stock Exchange, raising $310 million. In 1999, it merged with Weeks Corporation, another real estate investment trust with properties primarily in the Southwestern United States. In 2006, it acquired 32 buildings in the Washington, D.C. area from the Mark Wi ...
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Indianapolis
Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Marion County was 977,203 in 2020. The "balance" population, which excludes semi-autonomous municipalities in Marion County, was 887,642. It is the 15th most populous city in the U.S., the third-most populous city in the Midwest, after Chicago and Columbus, Ohio, and the fourth-most populous state capital after Phoenix, Arizona, Austin, Texas, and Columbus. The Indianapolis metropolitan area is the 33rd most populous metropolitan statistical area in the U.S., with 2,111,040 residents. Its combined statistical area ranks 28th, with a population of 2,431,361. Indianapolis covers , making it the 18th largest city by land area in the U.S. Indigenous peoples inhabited the area dating to as early as 10,000 BC. In 1818, the Lenape relinquished their ...
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Newport Beach, California
Newport Beach is a coastal city in South Orange County, California. Newport Beach is known for swimming and sandy beaches. Newport Harbor once supported maritime industries however today, it is used mostly for recreation. Balboa Island, Newport Beach, Balboa Island draws visitors with a waterfront path and easy access from the ferry to the shops and restaurants. History The Upper Bay of Newport is a canyon carved by a stream in the Pleistocene period. The Lower Bay of Newport was formed much later by sand brought along by ocean currents, which constructed the offshore beach now recognized as the Balboa Peninsula of Newport Beach. For thousands of years, the Tongva people lived on the land in an extensive, thriving community. The Tongva villages of Genga, California, Genga and Moyongna were located in Newport Beach. Throughout the 1800s, Europeans colonized the land and forcibly removed and assimilated the Tongva. Present-day Newport Beach exists upon the unceded homelands of ...
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News & Observer
''The News & Observer'' is an American regional daily newspaper that serves the greater Triangle area based in Raleigh, North Carolina. The paper is the largest in circulation in the state (second is the '' Charlotte Observer''). The paper has been awarded three Pulitzer Prizes; the most recent of which was in 1996 for a series on the health and environmental impact of North Carolina's booming hog industry. The paper was one of the first in the world to launch an online version of the publication, Nando.net in 1994. Ownership On May 17, 1995 the News & Observer Publishing Company was sold to McClatchy Newspapers of Sacramento, California, for $373 million, ending 101 years of Daniels family ownership. In the mid-1990s, flexo machines were installed, allowing the paper to print thirty-two pages in color, which was the largest capacity of any newspaper within the United States at the time. The McClatchy Company currently operates a total of twenty-nine daily newspapers in fourtee ...
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Office Buildings Completed In 2009
An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific duties attached to it (see officer, office-holder, official); the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the term "office" may refer to business-related tasks. In law, a company or organization has offices in any place where it has an official presence, even if that presence consists of (for example) a storage silo rather than an establishment with desk-and-chair. An office is also an architectural and design phenomenon: ranging from a small office such as a bench in the corner of a small business of extremely small size (see small office/home office), through entire floors of buildings, up to and including massive buildings dedicated entirely to one c ...
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Skyscraper Office Buildings In Raleigh, North Carolina
A skyscraper is a tall continuously habitable building having multiple floors. Modern sources currently define skyscrapers as being at least or in height, though there is no universally accepted definition. Skyscrapers are very tall high-rise buildings. Historically, the term first referred to buildings with between 10 and 20 stories when these types of buildings began to be constructed in the 1880s. Skyscrapers may host offices, hotels, residential spaces, and retail spaces. One common feature of skyscrapers is having a steel frame that supports curtain walls. These curtain walls either bear on the framework below or are suspended from the framework above, rather than resting on load-bearing walls of conventional construction. Some early skyscrapers have a steel frame that enables the construction of load-bearing walls taller than of those made of reinforced concrete. Modern skyscrapers' walls are not load-bearing, and most skyscrapers are characterised by large surface ...
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