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Commercial Real Estate

ODC: On developing Charlotte (access required)

A crew for ODC, a Florida-based shell builder, lays a foundation on a home on Lake Down in Florida. ODC has opened a Charlotte office and plans to
begin projects here soon. Photo courtesy of ODC Construction

CHARLOTTE – Economics professors often use the pie analogy when explaining the concept of markets. You’ve heard it. The more competition in an individual market, the smaller the slice of pie each competitor is able to take. But Isaac Lidsky, CEO ...

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SouthPark office space in demand (access required)

One SouthPark Center, shown here, was sold earlier this year, one of the few buildings to have been sold in SouthPark over the last few years. Photo by Payton Guion

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.

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Tenant-acity In the complicated sphere of tenant-owner relationships, tenants are demanding more (access required)

Magnified buildingWEB

Not long ago, when potential tenants were seeking office space across the city, they were at the mercy of the landlord or owner.Those conversations changed during the recession, when vacancy rates were climbing and landlords were grasping for tenants. But as Charlotte moves back toward a landlord’s market, tenants aren’t relinquishing all the cards they’ve been handed.

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NEWS ANALYSIS Under construction: Court’s decision provides no blueprint (access required)

gavel

Under state law, every new house built and sold in N.C. comes with an implied warranty that the home is free from major structural defects when it was sold, but the builder can expressly warrant the house for more, and for longer, often up to 10 years. But a decision by an N.C. court comes with no warranty that it will ever be enforced ─ or even understandable ─ or for how long.

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In the Publix interest: Consumers have been pushing for an N.C. presence; the grocer obliges (access required)

PublixWEB

Mike Silvers of Highland Creek doesn't have to drive to Spartanburg, S.C., to visit a Publix grocery store. But he still has to drive across the state line, and he and many others in the state are longing for the Lakeland, Fla.-based grocer to open stores north of the border. Evidently Publix has taken heed, with three Charlotte area stores announced and many more in the pipeline.

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