SunTrust Banks Inc. said Thursday that it agreed to cash payments and consumer relief totaling more than $1 billion to settle claims over its handling of government-backed mortgages.Read More »
Commercial Real Estate
It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.
Tagged with: Atlantic Bay Mortgage Bank of America Charlotte Metro Credit Union Charlotte real estate and banking Charlotte Regional Realtor Association David Stevens Eric Locher government shutdown John Wines Mortgage Bankers Acociation National Association of Homebuilders National Association of Realtors Nicol Morris rick judson Terry FranciscoRead More »
The North Carolina Department of Justice is preparing to reach out to about 1,100 people who purchased properties at two coastal North Carolina developments in Carteret and Onslow counties. Noelle Talley, public information officer at the N.C. Department of Justice, said the Consumer Protection Division will be sending letters to the buyers of properties at two communities, Cannonsgate and Summerhouse, to encourage them to file claims if eligible.
Tagged with: Cannonsgate Consumer Protection Division Gary Allen Gov. Mike Easley Mark Dain N.C. Attorney General Roy Cooper Noelle Talley North Carolina Department of Justice R.A. North Development Inc. R.A. North Development Inc. I LLC Randy Allen Ruffin Poole Southeastern Waterfront Marketing Inc. Stephen Smith Summerhouse Total Realty ManagementRead More »
Ridge Creek IV was the first large industrial building built in Charlotte in five years, and with around 200,000 square feet of space for the taking, the Childress Klein Properties-owned building seemed ideal to reel in those tenants who were waiting for a recovery to make a move to buildings new. But only one tenant has signed a deal since the building opened.Read More »
The latest twist in a rezoning drama that has been going on for 18 months has left developer CN Hotels of Greensboro with no room for an inn. The outcome of a contested rezoning usually satisfies either the protestors on one side or the landowner and developer on the other. But the case of a vacant 0.72-acre lot at 6026 Park South Drive has been anything but usual.Read More »
More than one year, two developers and a rezoning battle later, construction is finally underway on new Class A apartments in the Kenton Place mixed-use development on West Catawba Avenue. Kenton Place Partners LLC of Charleston, S.C., last Tuesday pulled nearly $3.5 million in Mecklenburg County building permits to start construction on a three-building, 210-unit complex, which is expected to build out at a cost of more than $25 million, according to Lance Youngquist, one of three partners behind the project.Read More »
Call it the HGTV effect. Home buyers have high expectations when it comes to a new home. You have to grab them in the first seven to 10 seconds or they move on.
Tagged with: Allen Tate Real Estate Cal Mitchener Charlotte Virtual Home Tours Cindy Barnes Cottingham Chalk Hayes International Association of Home STaging Professionals Janet Thoren Jennifer Manchester Mingle School of Real Estate North Carolina Real Estate Commission Peggy Peterson real estate Staging Suburban PropertiesRead More »
Dilweg Cos., a Durham-based commercial real estate company, has purchased 121 West Trade, a 32-story office tower at the corner of Tryon and Trade streets, for $59.6 million from Cornerstone Real Estate Advisers.Read More »
Retail follows rooftops. It’s the old real estate adage explaining how commercial development responds to residential development. So the recent growth in homebuilding and homebuying in the Charlotte market – which is expected to continue into 2014 – will likely be accompanied by increased commercial development over the next two years, even if developers are still cautious about the overall economy.
Tagged with: Beacon Partners Bernard Helm Cassidy Turley Charter Properties commercial development Darrell Palasciano David Dorsch Homebuilding Jon Morris Joyhn Porter Markey Opportunity Research Enterprises real estate retail development The Shopping Center GroupRead More »
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 »