Thanks to the ongoing struggles of the residential real estate market, demand for Charlotte metro area apartments is at an all-time high, with the average occupancy rate at 91 percent and the average rent in Charlotte at $733, according to ...Read More »
Construction began this morning on a $31 million, five-story, 171,285-square-foot addition to Carolinas HealthCare System’s Morehead Medical Plaza II building, which will house the headquarters of the Levine Cancer Institute. The addition will go atop the one-story building at 1021 Morehead Medical Drive in Charlotte, ...Read More »
Speedway Motorsports this morning said it had fourth-quarter 2010 net income of $6 million, or 14 cents per diluted share, compared with net loss of $15.2 million, or 36 cents per share, for the same period in 2009. The Concord ...Read More »
President Barack Obama has invited a bipartisan group of lawmakers from Charlotte and Chicago to the White House tonight to watch Obama’s hometown Chicago Bulls play the Charlotte Bobcats, according to a story by The Associated Press. Earlier in the day, Obama ...
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Goodrich Corp. said today that it has been chosen by Airbus to provide the nacelle system for a new engine for Airbus’ A320 family of single-aisle airplanes. Terms of the contract were not disclosed. Under the agreement, Charlotte-based Goodrich will design the nacelle ...Read More »
Charlotte manufacturer SPX Corp. today said it has completed the purchase of New Zealand-based engineering company B.W. Murdoch Limited. Terms of the deal were not disclosed. B.W. provides processing solutions for the food and beverage industry. “B.W. Murdoch greatly increases our process-engineering and project-management ...
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The world’s largest privately held insurance broker said it has opened an office in Charlotte. The office is at Regus SouthPark Center, 6000 Fairview Road. Plans call for a move to permanent office space in about 90 days. In Charlotte, Lockton ...Read More »
Charlotte-based General Dynamics said today that it has been awarded an $11.2 million contract modification by the U.S. Navy to make components for a weapons system. The contract, awarded to General Dynamics’ armament and technical products division, is for the continued production of MK82 ...Read More »
Thanks to a computer system shutdown, Mecklenburg County homeowners have more time to appeal their 2011 revaluations. Over the weekend, the county’s servers went down, preventing homeowners from using the Real Estate Lookup system to research property information needed to ...Read More »
Charlotte-area home sales and prices fell in February from the same month a year ago, the Charlotte Regional Realtor Association said today. Sales fell 4.9 percent to 1,329 from 1,397, while the average sales price dropped 5.9 percent over the same period, to $180,036 from $191,288. But the ...Read More »