As if things weren’t bad enough, NAR has another reason to reach for bottles sealed with cotton (or corks). In a revelation that could make some question the trustworthiness of NAR’s figures and sully its reputation forever – OK, maybe that’s going a bit too far – the association this week announced that its home sales data going back about five years might be too high.
In November of last year, Mital Naik got a letter from the North Carolina Department of Transportation. Independence Boulevard was going to be widened, and his restaurant, Brazas Brazillian Grill, at Independence and Sharon Amity Road, was in the path of a planned exit ramp. Suddenly a victim of progress, Naik now had to find [...]
At first, it was known as the Charlotte Region Commercial Property Exchange. A mouthful of a name, it became shortened to CRCPE, still a beast among acronyms. So everyone just started calling it CPE. But to the Charlotte Region Commercial Board of Realtors, which owns CPE — a database of commercial properties for sale in [...]
The dollars signs are already in property owners’ eyes, even though the Democratic National Convention isn’t until September. That a lot of convention-goers will be in need of a place to crash near Time Warner Cable Arena has some Uptown residents, in particular, hoping to cash in. A little Googling this week brought me to [...]
In January, the U.S. government released a report on what caused the financial meltdown of 2008. Of course, every American has already read it, front to back, perhaps even multiple times, and to their children, so there’s no need for me to go into too many details about its findings. By the way, it made [...]
Michael Williams, the CEO of Fannie Mae, won me over this week when, while testifying on Capitol Hill about big fat Fannie executive bonuses and multimillion-dollar salaries, he said this: “These are challenging jobs under challenging circumstances and we need to pay and reward the people who are doing the jobs.” The “challenging jobs under [...]
Brackett Flagship Properties is one of the major players in Charlotte’s medical office building development, management and leasing game. Typically, the company’s biggest competitor in Charlotte is Cogdell Spencer Erdman. But BFP’s main nemesis during the downturn, arguably, has been the federal heath care overhaul. The health care law, enacted last year, has made physicians [...]
It’s getting chilly around Charlotte, which makes it a good time to transition from outdoor exercising activities to indoor ones. (Or a good excuse for stopping exercising altogether, if you ask me. We mammals will need fat for winter, after all, so pass the chips and dip.) But if you must keep the blood going [...]
Halloween’s over, and, amazingly, the decorations have already been picked up at my house. That’s the work of my wife. If I were in charge of putting them away, they’d likely become a permanent feature of the premises, much like a pile of newspapers is a permanent feature of my car’s backseat. Anyway, while we’re [...]
In a home near you, someone who shouldn’t be there might be inside right now. That’s because it’s the hot thing to do in the Charlotte area these days: Go to the local register of deeds office, file some paperwork fraudulently claiming ownership to a vacant home of your choosing, change the locks, put your [...]