Trending Market News

November 20, 2020

While reports show that COVID-19 cases continue to rise in North Carolina, as in much of the country, the Triangle is seeing an increase in activity as buildings and office parks trade, Research Triangle wins a huge expansion, and Raleigh-Durham International Airport sees it’s first international flight since March.

Injection device maker adding 650 jobs in RTP to produce one-use syringes for vaccines

“ApiJect, the maker of an experimental injection device for the mass delivery of vaccines, is planning a huge expansion at the edge of Research Triangle Park in Durham, the company said Thursday. ApiJect said it plans to build a 1-million-square-foot facility where it will manufacture its devices. The project could employ around 650 people.” – Read more in The News&Observer

An artist rendering of the ApiJect Gigafactory facility to be located in N.C.’s Research Triangle Park. APIJECT

Taking off: RDU’s first international flight since March set to launch

“As a whole, airline execs have all said recently that they’re optimistic about the future of their industry. It might just take time. ‘We’re really confident that international and business demand will rebound, and it’s just a matter of getting the vaccines that we know are even more effective than anybody hoped,’ Michael Leskinen, United Airlines vice president of corporate development and investor relations, said at the Bernstein 2020 Operational Decisions Conference this week.’” – Read more in the Triangle Business Journal

FCP And Kane Realty Announce $236 Million Sale Of The Dillon In Raleigh, NC

“FCP and Kane Realty Corporation announce the sale of The Dillon to an institutional client advised by MetLife Investment Management for $236 million. The Dillon is the first mixed-use development of its kind in downtown Raleigh; its 18 stories encompassing 221,300 square feet of LEED Gold-certified Class A office space, 52,600 square feet of activated retail, two six-story apartment buildings totaling 271 units and a 994-space parking deck.” – Read the entire press release in PR Newswire 

Singapore group buys Morrisville office portfolio in $189 million deal

“A Triangle office portfolio changed hands last week when a Singapore-based investment firm spent over $189 million on the properties and another vacant lot. On Friday, Mapletree Investments paid $189.1 million for three adjacent properties at Perimeter Park in Morrisville.”- Read more in the Triangle Business Journal