The Connor Group, a real estate investment firm based in Dayton, Ohio, is expanding its holdings in the Charlotte market through the acquisition of its third apartment community, The Retreat at McAlpine Creek, for an undisclosed amount from Professional Accommodator Inc.Read More »
Multi Housing Advisors has brokered the sales of six North Carolina apartment communities in Charlotte and Greensboro for its sellers. Comprising 1,261 units, the properties sold for a combined $34.3 million.
Tagged with: Beacon Eastchase Country Club Apartments Eller Capital Partners Ellington Management Group First Market Properties Hanover Landing Jordan McCarley Marc Robinson Multi Housing Advisors North Land Investment Corp. The Park ApartmentsRead More »
Despite entering the second week of a partial shutdown of the federal government, this coastal N.C. city will still play host to the 2013 N.C. Federal Construction, Infrastructure & Environmental Summit, according to the N.C. Military Business Center.Read More »
Wells Fargo is giving home buyers in Charlotte $6.6 million in grants for down payments. City home buyers can apply for the $15,000 down-payment assistance grants at a free event being held at the Convention Center on Oct. 25 and 26. The Wells Fargo Neighborhood Lift event is being held in collaboration with the City of Charlotte, Neighborhood Works, and the Charlotte- Mecklenburg Housing Partnership.Read More »
A new batch of local rezoning petitions was released last week, and multifamily projects continue to dominate the development discourse across the Queen City. Of the 12 new rezoning petitions filed with the city, five had the possibility of multifamily development. Three of those petitions were specifically for multifamily development.
Tagged with: Charlotte-Mecklenburg Housing Partnership City of Charlotte FMF Morehead LLC Halvorsen Development Corp. JBPK Family Laurel Oak Farm LLC rezoning petitions Second Harvest Food Bank Shea Anniston LLC SMA Carolina LLC Sugar Creek Charter School Trotter BuildersRead More »
Fifty-four percent of bank-owned homes in the Charlotte-Gastonia-Concord area are owner-occupied, according to a new study by the real estate information and online marketplace company RealtyTrac. In real numbers, that is more than half the 2,328 bank-owned homes.Read More »
Construction for the first phase of the CityLynx Gold Line – also known as the streetcar – will require the closing of Hawthorne Lane between Elizabeth Avenue and East Fifth Street for nearly a month.Read More »
Six men have agreed to pay civil penalties to the federal government in order to settle claims they allegedly engaged in mortgage fraud to obtain loans, according to the U. S. Attorney’s Office in the Western District of North Carolina.Read More »
Sales of Charlotte metro residential properties were up 4 percent from July to August and 18 percent year- over- year, according to a report by the real estate information company RealtyTrac, but the median price for non-distressed properties decreased 1 percent in the same July to August period to $168,000 from $170,000.Read More »
Cielo, the 205-unit community in Charlotte’s Montford area at 4943 Park Road, has been sold by Cornerstone Real Estate Advisers of Hartford, Conn., to Weinstein Properties, a Glen Allen, Va. firm.Read More »