Group spends $1.77M

on Forsyth County tracts

A Charlotte group has spent $1.77 million to buy 37 tracts of land in Forsyth County, according to a Forsyth County Register of Deeds filing Friday.

The buyer is RLW Homes LLC. The sellers are affiliates of S.E. Snyder Group LLC and Steven and Candice Snyder.

The properties, which were widely dispersed in the county, were sold June 3.

Richard Craver

Dyehard gains

Louisville City FC as client

Dyehard Fan Supply said Friday it has signed the Louisville City Football Club as a merchandise and athletic products client.

Louisville City is a member of the USL Championship league. It is Dyehard’s first partnership with a professional soccer team.

Dyehard is managing the soccer club’s merchandising programs and experiences including game day, retail store, e-commerce and wholesale operations. The team is scheduled to move into Butchertown stadium in 2020.

Dyehard will supply a full line of Adidas apparel, as well as other high-profile brands, new kiosks, exclusive products and category enhancements each season.

Dyehard also serves as official merchandising partner for several major collegiate programs, including Arkansas, Auburn, Columbia, Michigan State, North Carolina, Pittsburgh, Rutgers and the Big East Conference.

Teall Capital Partners, a private equity company with offices in Winston-Salem and Atlanta, created Dyehard Fan Supply in late 2017.

Richard Craver

Crowne Club Apartments operator gains $10.8M loan

Grandbridge Real Estate Capital, an affiliate of BB&T Corp., said Monday it has participated in the closing of a $10.8 million loan secured by Crowne Club Apartments, a 250-unit multifamily community in Winston-Salem.

The loan was funded through one of Grandbridge’s insurance company correspondents with two years of interest-only, a seven-year term and 30-year amortization.

The apartment complex is at 200 Crowne Club Drive in the Country Club Road area, It was built in 1995 and contains 249 units.

In separate Grandbridge news, chairman and chief executive Tom Dennard announced Monday his plans to retire Sept. 30 after 19 years with the company. Matt Rocco would take over as Grandbridge’s chief executive and president.

Grandbridge has 21 origination and servicing offices in 16 states and the District of Columbia. It services more than $29 billion in commercial real estate assets.

Richard Craver

High rollers: Eldorado buys Caesars for $17B

A casino juggernaut was formed Monday when Eldorado Resorts announced it is buying Caesars in a cash-and-stock deal valued at $17.3 billion.

The acquisition will put about 60 casino-resorts in 16 states under a single name, Caesars, creating the largest gambling operator in the United States.

The deal — following pressure from activist investor Carl Icahn — is targeted to close in the first half of 2020 if approved by gambling regulators and shareholders.

It would open the doors of the lucrative Las Vegas Strip market to Eldorado.

“We are incredibly excited. This is an iconic brand,” Eldorado CEO Tom Reeg said referring to Caesars Entertainment during a conference call. “It’s really a level of property and brand that we have not had the great fortune to control and now we will.”

The Associated Press

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