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Ohio company expands Charlotte apartment holdings with third acquisition (access required)

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.

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Broker negotiates sales of apartment communities in Charlotte (access required)

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.

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Federal construction summit coming to state despite government shutdown (access required)

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.

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Wells Fargo to help Charlotte homebuyers with down payments (access required)

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.

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New rezoning petitions heavy in multifamily proposals (access required)

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.

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More than half of Charlotte region’s foreclosed homes are owner occupied (access required)

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.

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Six speculators settle with the U.S. government over mortgage fraud claims (access required)

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.

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