CHARLOTTE — SunTrust Banks Inc. and PNC Financial Services Inc., banks with significant presences in Charlotte, are both closing branch locations this quarter, and SunTrust is moving its regional headquarters to a mixed-use development in SouthPark. Neither bank has revealed what branches will close, although the announced target date for the closings is about two weeks away. [...]
National foreclosure rates, as well as those in North Carolina, rose a few notches in February compared with January but were down significantly from February 2012, according to a report from RealtyTrac, an analytics firm. There were 154,281 foreclosure filings — default notices, scheduled auctions and bank repossessions –reported on U.S. properties in February, up [...]
Concord Mills mall is getting a big wet neighbor. On Wednesday, Merlin Entertainments Group, which operates the Sea Life aquarium brand, announced that in the spring of 2014, it will open a 30,000-square-foot, $10 million aquarium at the site of the defunct NASCAR SpeedPark site.
A fitness center is moving into the Old Hickory Business Park in Indian Trail, and a metals company is expanding there. Industrial Alloys Inc. has purchased about 7.27 acres of land in the park, with plans to build a 40,000-square-foot facility, including room to expand in the future. Industrial Alloys has outgrown its existing facility [...]
Spectrum Properties has lost its contract to purchase city-owned Marshall Park, an integral part of the Brooklyn Village development, after failing to close on the deal by March 1 or pay for an extension until June.
Charlotte is one of the best places to buy bank-owned homes, according to a report by RealtyTrac, an analytics firm. RealtyTrac studied more than 900 metropolitan areas and placed Charlotte third, behind only two Ohio cities, first-place Cleveland and second-place Dayton. North Carolina had two other cities on the top 15: Winston-Salem at sixth and [...]
Quail Corners, a south Charlotte retail center undergoing redevelopment, recently signed two new tenants: a children's cooking school and a high-end Asian restaurant.
Wilmington-based Biltmark Development plans to place more than 200 apartment or condominium units on 2.3 acres near Bank of America Stadium.
Charlotte-areas home sales in February 2013 dwarfed the volume of February 2012, leaping 26.6 percent. According to the Charlotte Regional Realtors Association’s monthly market activity report, closings totaled 2,043 last month in the 10-county area. In February 2012, closings numbered only 1,614. As impressive as February’s jump was, it doesn’t measure up to the 40.4 [...]
If spectators were invited to witness a home sale, this one would have drawn a crowd, and at the climax, a lot of boos.