RALEIGH, NC-Walnut Creek Business Park will comprise 1.3 million sf for office, distribution and light manufacturing purposes. Four service center buildings, totaling 250,000 sf, are also planned. Nine distribution buildings will provide more than 1 million sf.

ASHEVILLE, NC-The state government voted unanimously to take the land in DuPont State Forest from the developer and pay $12 million. The case could go to court.

ASHEVILLE, NC-The state government voted unanimously to take the land in DuPont State Forest from the developer and pay $12 million. The case could go to court.

DURHAM/RALEIGH, NC-Highwoods Properties Inc. has sold the four-building, 394,200-sf Triangle Business Center in Durham, NC, to New Boston Fund for $27.7 million. In a separate transaction, Koll Bren sold the 14-story, 139,489-sf Corporate Plaza in Downtown Raleigh to Modern Continental Enterprises of Boston for $8.15 million.

CHARLOTTE-Dennis Richter plans to break ground shortly on Latta Pavilion, a challenging, $45-million mixed-use project in Dilworth, one of the city's oldest neighborhoods. The three-acre venture took three years of planning and will comprise 150 apartments, 100 condominiums, 28,000 sf of office and 20,000 sf of retail.

CHARLOTTE-The historical districts are beginning to attract more commercial development. Harris Associates has a $2-million, 20,000-sf office-retail-restaurant project under way on West Morehead Street.

CHARLOTTE-Mike Atwood's abrupt departure and the company's silence intrigues market watchers who wonder what will happen to the 10 newly-acquired firms the Charlotte-based software provider bought with $107 million in venture capital.

CHARLOTTE-First Union's $3 billion restructuring has knocked down the bank's third-quarter profit by 12%, but earnings still beat analysts' predictions. The bank will be offering wireless banking next year through a contract with New York-based w-Technologies.