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Experts say commercial real estate market poised for a comeback
By Caitlin Coakley CHARLOTTE — Although there are still plenty of properties with “For Rent” signs in their dark windows, several members of Charlotte’s real estate community are feeling “cautiously optimistic” about 2010. Announcements that Husqvarna and Electrolux plan to relocate their headquarters to Charlotte and financial services company Zenta plans to expand suggest that companies still find the Queen City an attractive place to do business. “What that amounts to has been a vote of confidence in the city of Charlotte,” said C. Robert Percival, chairman and chief executive officer for Percival McGuire Commercial Real Estate Services, LLC. Although the commercial real estate market is still slow, “the paralysis is gone,” according to Larry Core, vice president and land consultant of SouthEast Commercial Real Estate Group, Inc.