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New homes sales fall monthly; up 16 percent from Nov. 2012 (access required)

The annualized rate of new single-family homes sold in November – 464,000 – dipped slightly from October, according to data from the U.S. Commerce Department. New home sales for the month were down 2.1 percent from October’s revised seasonally adjusted ...

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Existing home sales fall year over year for first time in more than two years (access required)

For the first time in 29 months, total existing home sales fell from their year-ago levels in November, according to information provided by the National Association of Realtors. The seasonally adjusted November sales figure of 4.90 million units is 1.2 ...

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N.C. fifth worst in year-over-year construction job growth (access required)

CHARLOTTE – Between November 2012 and last month, North Carolina lost 2,500 construction jobs, placing it at 46th in the country in job growth, according to data provided by the Associated General Contractors of America. Despite losing 1.5 percent of ...

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Cheval community collects Toys for Tots (access required)

In its first fundraiser, the new Cheval community in Mint Hill collected 889 toys and more than $1,000 for Toys for Tots, according to an announcement by subdivision developer Keith Paris of Paris Projects Ltd. Broker Diane Austin of Builder ...

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Electrolux to spend $85 million to expand in Charlotte, adding 810 jobs (access required)

CHARLOTTE – Electrolux, the Swedish appliance company, will spend $85 million to expand its North American headquarters in the University area, the company revealed Friday after the N.C. Economic Investment Committee awarded it a job development investment grant. The expansion ...

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Kannapolis shopping center sold (access required)

The Afton Ridge Shopping Center at Interstate 85 and Kannapolis Parkway in Concord has been sold to a pension fund advised by Stockbridge Capital of San Francisco, according to an announcement by CBRE Inc., a Los Angeles-based commercial real estate ...

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Cushman & Wakefield/Thalhimer wins leasing assignment for Carmel Crossing (access required)

Cushman & Wakefield/Thalhimer was selected by Vision Properties to lease Carmel Crossing office park in South Charlotte. Carmel Crossing, at Highway 51 and Carmel Road, features three buildings comprising 326,000 square feet of class-A office space. The complex has an ...

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