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Author Archives: Graziella Steele

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Cornerstone Core Properties buys three assisted living facilities in N.C. (access required)

Irvine, Calif.-based Cornerstone Core Properties REIT Inc. has purchased three assisted living facilities in North Carolina for a combined price of $15.23 million from Meridian Senior Living LLC, one of the ten largest providers of assisted living communities in the country.

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Charlotte foreclosure rate drops nearly 43% in September from previous year (access required)

Charlotte’s foreclosure rate in September decreased by 42.70 percent from the same time last year, according to new data from real estate tracking company RealtyTrac. Nationally, foreclosure activity was down 27 percent year-over-year in September, but increased 2 percent from the previous month.

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Panelists outline challenges, opportunities for women in business (access required)

While the federal government shutdown is not having a direct impact on Charlotte businesses, it is creating uncertainty in the business community, according to panelists at The Mecklenburg Times Women’s Business Breakfast Forum. “With the shutdown and debate about the debt ceiling, people are waiting to make decisions,” said Natalie Haskins English, senior vice president of public policy for the Charlotte Chamber of Commerce.

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Foreclosure activity declining in N.C., nationally (access required)

Foreclosure inventory in August was down 34 percent nationally from a year ago, according to CoreLogic, the residential property information, analytics and services provider. CoreLogic’s report, released Tuesday, shows that there were 48,000 completed foreclosures in August compared to 72,000 in August 2012.

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Government shutdown: Impact small so far on Charlotte housing, banking (access required)

It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.

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Charlotte developer agrees to settlement over coastal property (access required)

The North Carolina Department of Justice is preparing to reach out to about 1,100 people who purchased properties at two coastal North Carolina developments in Carteret and Onslow counties. Noelle Talley, public information officer at the N.C. Department of Justice, said the Consumer Protection Division will be sending letters to the buyers of properties at two communities, Cannonsgate and Summerhouse, to encourage them to file claims if eligible.

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Ohio company expands Charlotte apartment holdings with third acquisition (access required)

The Connor Group, a real estate investment firm based in Dayton, Ohio, is expanding its holdings in the Charlotte market through the acquisition of its third apartment community, The Retreat at McAlpine Creek, for an undisclosed amount from Professional Accommodator Inc.

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Broker negotiates sales of apartment communities in Charlotte (access required)

Multi Housing Advisors has brokered the sales of six North Carolina apartment communities in Charlotte and Greensboro for its sellers. Comprising 1,261 units, the properties sold for a combined $34.3 million.

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Wells Fargo to help Charlotte homebuyers with down payments (access required)

Wells Fargo is giving home buyers in Charlotte $6.6 million in grants for down payments. City home buyers can apply for the $15,000 down-payment assistance grants at a free event being held at the Convention Center on Oct. 25 and 26. The Wells Fargo Neighborhood Lift event is being held in collaboration with the City of Charlotte, Neighborhood Works, and the Charlotte- Mecklenburg Housing Partnership.

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