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Author Archives: Scott Baughman

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University might open in Arrowood (access required)

University might open in Arrowood <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Pittsburgh-based Education Management Corp. is seeking to open one of its South University campuses in Charlotte, but first it needs to win a rezoning from the city. EMC operates South Universities in a handful of other states, although none are in North Carolina. The only schools EMC operates in North Carolina are the Art Institute of Charlotte and the Art Institute of Raleigh-Durham.

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Apartment industry cries out for more student rentals (access required)

Apartment industry cries out for more student rentals <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Across Charlotte, the apartment industry is keeping an eye on Aspen Heights. Aspen is seeking approval for a type of housing that would be new to Charlotte: stand-alone homes – with multiple bedrooms, that could be rented for five months or more. Aspen is hoping to cash in on students, particularly those attending UNC-C, where enrollment has been rising.

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Perking down: Where commercial property incentives are becoming harder to find (access required)

With Charlotte’s commercial real estate market still stuck in tenants’ favor, landlords continue to bite the bullet and offer free rent. And some don’t expect free rent and other tenant incentives to disappear in the near future. But in some sections, the incentives appear to have begun drying up.

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