The N.C. Department of Transportation has paid one of the largest eminent domain settlements in the agency’s history to a shopping center that was essentially cut off from a major thoroughfare in Charlotte.Read More »
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The N.C. Senate on Monday approved a bill that retains Leadership in Energy and Environmental Design (LEED) certification for state construction projects. The bill is an amended version of House Bill 628 that would have scrapped the most popular form ...Read More »
Real estate law has undergone more changes than just about any other area of legal practice since the recession hit five years ago, requiring lawyers in this field to adapt quickly to new regulations and ways of doing business. Charlotte lawyer Kenneth R. Benton of Baucom, Claytor, Benton, Morgan & Wood has been in the real estate game for nearly four decades but said the last few years have brought a slew of significant changes.Read More »
Television networks devoted to all things real estate and home improvement are pumping out new shows in less time than it takes to drive to the neighborhood Lowe’s or Home Depot. But what’s in it for all the businesses that volunteer their time and materials to make this peculiar brand of TV work? At least four business people in Charlotte can provide varied answers to that question. Their experiences ranged from not-so-good to stellar, with stops in between. But, as a testament to the powerful allure of showbiz, all said they would do it again.Read More »
While an improving economy has given Charlotte-Mecklenburg Schools the confidence to restart construction projects that stalled during the recession, its board members foresee hardships caused by the ranking system that gives county government control over the scheduling of school projects. After voters approved a $516 million bond package in 2007, the district ramped up construction and spent more than $200 million annually until late 2009, when the economy soured and the county shut its wallet.
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The housing market crash was so tough on Central Piedmont Community College’s real estate department, it took on a new identity. Before the downturn, CPCC in Charlotte was offering up to 20 real estate broker pre-licensing courses per semester. That plunged to three a semester at the nadir of the recession, said Cindy Savage, who heads the department now known as the financial services institute.
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A former Charlotte mortgage broker implicated in a $5 million kickback scheme and stripped of his license is awaiting sentencing under a plea agreement that could send him to a federal prison for more than four years.Read More »