Raleigh’s Empire Properties Buys Another Historic Building Downtown

A Raleigh real estate company has bought another historic property downtown as it expands its holdings on a recently rezoned city block.

Longtime real estate investor Greg Hatem’s Empire Properties this week closed on the purchase of the historic Efird’s Department Store building on Fayetteville Street, where a recent rezoning allows for up to 40 stories of development on the city block.