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Commercial Real Estate

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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Amenity rich (access required)

Sheldon Gold WEB

Amenities, such as an eighth-floor tenant lounge, aren’t reserved solely for The Vue, the 51-floor condominium-turned-apartment tower at Fifth and Pine streets. In the booming apartment construction in Charlotte, the days of a simple pool and clubhouse are over as developers are focusing on projects heavy on amenities – the more unusual, the better.

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