Chicago-based AJ Capital Partners has acquired the shuttered Crown Park Hotel for $7.6 million, and plans to renovate it to add another hotel to the downtown Durham portfolio. The company will begin renovations to the 150-room hotel at 600 Willard St., later this year, with plans to have it open by late 2016.
Nationwide developer Northwood Ravin has purchased the 6.1 acre Van Alen tract downtown, also known as the former Johnson Chrysler dealership, for $11.7 million.
Annual Internet traffic will triple between 2014 and 2019, Cisco Systems predicts in its 10th annual Visual Networking Index.
Nearly 23 years after toxic contamination was discovered at a defunct Durham dry cleaning site, remedial efforts continue to rid the area of health risks.
Blue Cross Blue Shield of North Carolina has leased a 50,000 square-foot space within the SouthCourt Building at 3211 Shannon Road.