CHARLOTTE – Mecklenburg County’s industrial properties experienced an increase in vacancy and lease rates in the fourth quarter of 2012 from the third quarter, according to Charlotte-based Karnes Research Co. Overall vacancy rates barely rose, to 14.1 percent, an increase ...Read More »
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CHARLOTTE — Construction started last week on a $162,500 renovation project to replace the siding on all 13 buildings at the Charlotte Housing Authority’s Cedar apartment complex, which houses elderly and low-income residents. Charlotte-based Chois Construction, the general contractor, has ...Read More »
Few in Charlotte' commercial real estate industry saw Orlando, Fla.-based Parkway Properties coming in 2012. Sure, Parkway was already well established in the Charlotte market. But, according to Andrew Jenkins, it was known as a company that bought mostly Class B office space, looking to make improvements, decrease vacancy rates and drive up tenants.Read More »
What the changes announced Monday won't do: open up more parts of the city, besides industrially zoned areas, to breweries. But such a change might be proposed under the second phase of studying the city's policies governing breweries, according to Bridget Dixon, a city planner.Read More »
Derrick Taub thinks his company just bought the best location in town -- the town of Mint Hill, that is. Taub, vice president of Toronto-based Sierra Group, which this month bought the Mint Hill Festival shopping center for $2.5 million, said he thinks Sierra's first property purchase in the Charlotte market couldn't be better positioned in the town.
Tagged with: Commercial ConfidentialRead More »
CHARLOTTE — A new Embassy Suites hotel could start rising out of the ground in uptown Charlotte by the beginning of 2014, according to a company official for BPR Properties, the developer of the $50 million, 200,000-square-foot project. Birju Patel, a principal for BPR ...Read More »
For Katherine Mazoyer, this Union County house offered something different than almost everything else she's seen on the market. So different was the house, Mazoyer, the Katherine Mazoyer Realty agent who sold the home, said she wasn't able to generate much interest in it from locals. The only interested parties were foreign buyers, she said.
Tagged with: Commission AccomplishedRead More »
These days, it's impossible to swing a futon in Charlotte without hitting an apartment complex under construction.Read More »
Mecklenburg County office vacancy rates rose less than 1 percentage point in the fourth quarter, but rents rose, too, according to a Karnes Research Co. report released today.Read More »
Since 1984, Robinson, Bradshaw & Hinson has been in 101 Independence Center, a 20-story building at 101 N. Tryon St. At first, the Charlotte-based law firm was only on one floor, the 20th. Over the years, the firm has expanded, downward, in the building, and today RB&H takes up 108,000 feet in floors 15 through 20.Read More »