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Trinity Commerce Center sells to tenant

By Abbie Bennett
Published: March 7,2013

Charlotte-based Trinity Capitol Advisors has sold the Trinity Commerce Center in Greenville to a tenant, Sunland Distribution, for an undisclosed amount. Dunn Mileham, director of investment sales for Trinity Partners, a commercial real estate firm, represented the seller in the Feb. 22 sale. Trinity Partners is a commercial real estate firm serving corporate users and [...]


Celebrityville: The Peninsula still attracts big names, despite age and the recession (access required)

By Abbie Bennett
Published: March 7,2013

One of the most luxurious neighborhoods in the Charlotte area, The Peninsula, has drawn celebrity and wealth to Lake Norman for years, most recently NBA legend Michael Jordan, owner of the Charlotte Bobcats. And real estate professionals never tire of listing The Peninsula’s attractive features.


Public hearing scheduled for Blue Line extension station area plans (access required)

By Abbie Bennett
Published: March 7,2013

The draft plans for the Blue Line extension station areas are now available on the project’s website, according to a release from the Charlotte-Mecklenburg Planning Department. As part of the plan-adoption process, the Planning Committee of the Charlotte-Mecklenburg Planning Commission will hold a public meeting on the station area plans during the regular meeting at 5 [...]


Wake Forest uptown building sells, Bank of America stays on as tenant (access required)

By Abbie Bennett
Published: March 6,2013

CHARLOTTE – The Wake Forest University Charlotte Center building has been sold for $72.5 million by Bank of America to an affiliate of The Shidler Group, a commercial real estate firm with offices in New York, Philadelphia and Honolulu. There were two separate transactions: The land sold for $12.5 million and the building for $60 million. The [...]


Wilmington real estate firm buys land near Bank of America stadium, possibly for apartments (access required)

By Abbie Bennett
Published: March 5,2013

Biltmark Development, a real estate firm based in Wilmington, has bought 2.3 acres near the Bank of America Stadium for a possible apartment project.


Home prices recovering in Charlotte, North Carolina and nationally (access required)

By Abbie Bennett
Published: March 5,2013

Both Charlotte and North Carolina appear to be along for the ride on the nation’s long winning streak of rising home prices. January was the 11th consecutive month in which U.S. home prices increased, according to a report from CoreLogic, a real estate analytics company. Home prices were 9.7 percent higher in January 2013 than [...]


Charlotte City Council OKs $5.1 million in tax rebates for Steele Creek mall (access required)

By Abbie Bennett
Published: March 5,2013

Despite longstanding objections by residents, the Charlotte City Council last week unanimously voted to grant a Steele Creek Limited Partnership up to $5.1 million in property tax rebates for infrastructure improvements near the proposed Steele Creek outlet mall in southwest Charlotte.


Public to scrutinize plan to pay for LYNX Blue Line extension (access required)

By Abbie Bennett
Published: March 4,2013

Residents will have an opportunity this month to weigh in on the plan to pay for the LYNX Blue Line extension project, which will cost the county more than $250 million.


Decimal point disarray: $7.8 million online, in reality $78,000

By Abbie Bennett
Published: March 4,2013

A home at 815 Walnut Ave. could have made history for selling at 10,400 percent of its listing price, except for one thing: Reports of its stunning $7.8 million selling price were incorrect.


13 to watch in ’13: Charlotte streetcar expansion (access required)

By Abbie Bennett
Published: March 1,2013

Charlotte's controversial streetcar project has been making headlines for years, and it looks like the heat won't subside in 2013.