Sterling Bay has paid $63 million for a 9.6-acre development site in downtown Durham, N.C. The Chicago developer, which has $4.3 billion of assets under management, bought the site, at 606 Fayetteville St. and 401 East Lakewood Ave., from 606 Fayetteville LLC, an investor group led by Blake Nucci and Chris Kono, according to a […]

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