With the purchase of the Southborough building on South Boulevard, Charlotte-based Beacon Partners, a commercial real estate firm, has increased its presence in the Midtown office submarket to more than 200,000 square feet.Read More »
Commercial Real Estate
The computer system went down again, and the economy stayed down again, but the value of Mecklenburg County building permits surged by $212.9 million during a 20-day period that ended Thursday. That was nearly double the value of permits issued in previous 20 days, and nearly double the same 20 days last year.
Tagged with: Mecklenburg County Code EnforcementRead More »
Act II, Scene I: City expected to start negotiating with film studio over development at abandoned mall
The city’s Economic Development Committee last week made a decision that increased the likelihood of an ambitious $300 million film studio being built on the East Side. The committee, which includes Mayor Pro Tem Patrick Cannon and City Council members Warren Cooksey, David Howard, LaWana Mayfield, and James Mitchell, will recommend on Aug. 26 that the full City Council vote to enter into a memorandum of understanding with Studio Charlotte Development, starting exclusive negotiations with the company.
Tagged with: Eastland MallRead More »
Eventually – at some undetermined point in the future – the Little Sugar Creek Greenway will run 20 miles north and south across Mecklenburg County, from UNCC in the north to the South Carolina border in the south.Read More »
Strand Development Co., LLC, a third-party hotel management company with a Charlotte presence, announced it has named Andrew J. Pace as senior vice president. Pace will be responsible for the company’s strategic growth, including the expansion of its third-party management, development, acquisitions and joint venture partnership platforms.Read More »
With vacancy rates well below market norms and above-average rents, this office submarket in south Charlotte continues to be one of the strongest performers in the city. Second-quarter numbers from Charlotte-based Karnes Co., an office-industry analytics firm, show that the SouthPark office market is healthier than it’s been since 2009.Read More »