Greensboro-based Lomax Properties, a commercial real estate firm, is in the midst of developing Morehead West apartments, a 212-unit community on Millerton Avenue, just off West Morehead Street, hoping that corridor is on the rebound, rather than the relapse.Read More »
Commercial Real Estate
Led by the behemoth Blackstone Group, the largest alternative investment company in the world, institutional investors are buying a lot of single-family homes in Charlotte, fixing them up, renting them out and holding onto them to see if they rise in value. One of every five houses sold in May, June and July in the Charlotte market went to big investors, a higher percentage than in any other market but Atlanta.
Tagged with: American Homes for Rent blackstone group Eric Locher invitation homes j.c. underwood Metrolina Real Estate Investors Association Nancy Braun national association of real estate investment trusts national real estate investors association oakmont homes RealtyTrac rentrange robert shiller The American Home Tom PearsonRead More »
Whether it’s Class A apartments, value-added properties or workforce housing, the Queen City’s apartment market is expected to remain strong in the foreseeable future. Five apartment industry leaders said so on a panel Tuesday morning at Bisnow’s third annual Multifamily Summit held in a ballroom at the Omni Hotel in uptown Charlotte.
Tagged with: Bisnow Multifamily Summit Charlie Henley Charter Properties Ginkgo Residential Grubb Properties John Porter Marshall Phillips Phil Payne Terwilliger pappas Todd Williams Tom Barker WRH Realty ServicesRead More »
John Church planned to tear down the 110,000-square-foot, three-level former textile mill in Belmont and put in new retail and residential space. In mid-August, as a wrecking ball dug into the brick, an architectural gem began to emerge: the original Chronicle Mill - Belmont's first textile plant - built in 1902.Read More »
A new report from a North Carolina nonprofit finds that campaign finance contributions by political action committees to statewide campaigns grew by 9.7% between 2010 and 2012.Read More »
Earth is moving this week on a 2.5-acre patch of the Metropolitan district slated to become home to a 261-unit, Class A apartment complex tentatively named in public documents as South Kings Midtown. The project is owned and being built by Lennar Multifamily Inc., according to public records, as part of a $1 billion nationwide dive into the apartment feeding frenzy by the single-family homebuilding giant Lennar Corp.Read More »
Crisis in craftsmen: Construction activity is up again, but the industry faces another, more troubling dilemma
Construction industry insiders now rushing to determine how best to cope with a labor shortage and its primary cause: Young people largely aren’t interested in joining the trades. Contractors are struggling to find skilled labor, a trend that could hinder future construction work.
Tagged with: Associated General Contractors of America Bill Stricker Bruce Gehrig Carolinas Associated General Contractors Central Piedmont Community College construction labor shortage Dave Clewley Department of Engineering Technology & Construction Management Kim Schueneman Manpower Starr Electric Co. University of North Carolina at CharlotteRead More »
Call it what you want, but South End, which was largely carved out of an industrial, railroad-crossed section of westernmost Dilworth in the 1990s, when people thought developer Tony Pressley might be a little nutty, is now rapidly spreading far beyond the traditional boundaries of its historic district.
Tagged with: 1100 South Boulevard Partners LLC 1200 South Boulevard Partners LLC Andy Misiaveg Brad Allen Cardinal Partners Charlotte-Mecklenburg Historic Landmarks Commission Cherokee Investment Partners Chris Fetter Crosland Southeast Dan Morrill Faison John Culbertson Lynx Light Rail Blue Line Mark Newell Merritt Scheller MPV Properties Myers Chapman Nancy Braun Pappas Properties Percival McGuire Publix Rob Pressley Scaleybark Sedgefield Shopping Center Group Showcase REalty LLC Simpson's Lighting Showroom South End Summat at Church Texas developer Tony Pressley Unknown Brewing Co. Walter Scholtz Wilmore YorkshireRead More »
Kite Realty Trust Group, based in Indianapolis, has paid $15.9 million for Toringdon Market, the company announced this week. Toringdon Market is a 60,000-square-foot shopping center at the intersection of Interstate 485 and Johnston Road.Read More »