Property insurance companies are in the business of selling a product they don’t want anyone to actually use. Bob Freitag knows this because he used to be in the property insurance business, with Allstate.
Charlotte Bobcats owner Michael Jordan is the new owner of this home, according to a source close to the deal. The listing agent, Nancy Hucks of Lake Norman Realty, and the selling agent, Angela Jordan of Smith-Jordan Realty, declined to comment on the sale.
Walter Fields dishes dirt about dirt. As one of the region’s most well-known land-use consultants, he’s got an opinion on just about everything related to development.
It was 10:30 a.m. in a cubicle on the eighth floor of the Charlotte-Mecklenburg Government Center. So there was no beer. About 50 people work in the Charlotte planning department, but we specifically wanted to talk to the beer-lady: Bridget Dixon. We wanted to know why she worked for the department from 2003 to 2006, left, and then came back. And we wanted to talk about beer. Good beer.
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.
This five-bedroom house in the Peninsula community on Lake Norman was on the market for more than a year before it finally sold last week. Judy Godley Webster, the Keller Williams agent who represented the buyer, said the 420 days that the 7,000-plus-square-foot house was for sale allowed her client to get a better deal on the home.
"All of these rules and regulations are well-intentioned, but it’s just gone too far -- despite my 'no' votes," Dulin said. "It’s added too much more costs to the costs of development, especially the tree ordinance and the post-development design guidelines."
Northlake Mall opened in 2005 in north Charlotte, an area that seemed primed for residential growth. But just a couple of years after the mall opened, the Great Recession came on the scene. According to Andy Misiaveg, a partner in the Charlotte office of the Atlanta-based Shopping Center Group, the mall didn’t have time to solidify its tenant mix before the economy tanked.
Perry Butler, office manager for Concord-based Benham Real Estate Group, was a little surprised when he saw this sale go through. The company specializes in REO properties - but rarely do they sell for more than $1 million.
"You look at a client, such as Harris Teeter, and they're going to renovate before they build new," said Dave Winston, project manager for Jefferson-based Vannoy Construction. "It sounds cliché, but people are still talking about the economy.