CHARLOTTE — Democrat Patrick Cannon was elected mayor of North Carolina’s largest city Tuesday, defeating Republican challenger Edwin Peacock with 53 percent of the vote, compared to 47 percent for Peacock, according to unofficial results. The results were released by the Mecklenburg County ...Read More »
CHARLOTTE – Trinity Partners, a locally based commercial real estate firm, on Tuesday released the company’s most recent deal sheet, a periodic announcement of completed deals by the company. Topping Trinity’s deal sheet is an industrial purchase, several new office ...
Tagged with: arbon Equipment Group Arrowridge Morrison Building Rexford Park II Rhea Greene South Point Business Park Terry Brennan The Roxborough Building Three Resource Square Three South Executive Park Toringdon 1 Trinity Partners William MaxwellRead More »
CONCORD – J.J. Kane, an auction company based in suburban Philadelphia, is holding a public auction Nov. 13 at Charlotte Motor Speedway. Up for bid will be hundreds of items, including many heavy-duty trucks and cargo vans, according to the ...Read More »
CHARLOTTE – Institutional investors are snapping up 60 percent of the newer homes for sale in North Carolina, according to an analysis by RealtyTrac. The real estate data firm defines these investors as people who bought at least 10 properties ...Read More »
CHARLOTTE – With two months left to go before 2013 shuffles off into history, homebuilders in Mecklenburg County are charging ahead toward their best year since 2007. As of Oct. 31, builders have pulled 2,842 permits for the benchmark single-family ...
Tagged with: Mecklenburg County single-family building permitsRead More »
The national foreclosure picture is improving, according to a new report by CoreLogic. In September, 51,000 foreclosures were completed nationwide, down from 84,000 for the same time last year, a decrease of 39 percent. The number also decreased by 0.7 ...Read More »
There is growing evidence that declining affordability is impacting the housing market. The National Association of Realtors’ release of the Pending Home Sales Index shows that the number of real estate contracts signed and recorded fell by 5.6 percent in ...Read More »
While not rising as quickly as some markets, Charlotte-Gastonia-Rock Hill home prices grew by 7.8 percent in the second quarter of this year as compared to the same period last year, according to a CoreLogic Case-Shiller report. Since 2010, housing ...Read More »
Charlotte housing prices have rebounded to within about 8 percent of their pre-recession prices, according to a 20-city index created by Standard & Poor’s/Case-Shiller. Only Denver and Dallas have exceeded pre-recession prices, while Charlotte and Boston are the closest to ...Read More »
Victor Calanog said the national apartment market at the end of the third quarter continues to be at or near the top of the commercial real estate industry, with demand high and vacancies falling. Calanog, vice president of economics and ...Read More »