The home was appraised for about $2.2 million in 2011 and sold in August 2012 for $4 million.Read More »
Commercial Real Estate
Last year was a historic one for Charlotte, thanks to its hosting of the Democratic National Convention, an event which put a national spotlight on the city. The event didn't just give the city more media attention. In a year when the construction industry was still in recovery mode, the DNC contributed to the city's commercial construction permit numbers as Time Warner Cable Arena and other venues had to be readied for the event. That resulted in a flurry of permit applications in early 2012, county officials say.
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Carl Nordhielm isn't used to doing large-scale renovations before opening one of his company's nightclubs. Nordhielm, chief financial officer of Saddle Up Saloon & Dancehall, said the company usually moves into former clubs or restaurants, places where, usually, hardly any construction is needed to open a Saddle Up.
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"Builders are coming in there and seeing a lot of opportunity because of 485, and that's what is creating a feeding frenzy in this market among builders and developers," said Jay Priester, vice president of development and leasing for Charlotte-based Cambridge Properties. "There are so many possibilities opening up in that area because of the future interchange."Read More »
Few in Charlotte' commercial real estate industry saw Orlando, Fla.-based Parkway Properties coming in 2012. Sure, Parkway was already well established in the Charlotte market. But, according to Andrew Jenkins, it was known as a company that bought mostly Class B office space, looking to make improvements, decrease vacancy rates and drive up tenants.Read More »
Derrick Taub thinks his company just bought the best location in town -- the town of Mint Hill, that is. Taub, vice president of Toronto-based Sierra Group, which this month bought the Mint Hill Festival shopping center for $2.5 million, said he thinks Sierra's first property purchase in the Charlotte market couldn't be better positioned in the town.
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You’re either fer it, or you’re agin it, as they say in the mountains of western North Carolina, and that’s true of possible legislation that REBIC will either back or oppose this year on the other end of the state in Raleigh, where the state legislature is in session.
Tagged with: Bill Brawley building codes Charlotte Regional Realtor Association Eric Locher Jack Simoneau Joe Padilla North Carolina General Assembly North Carolina Home Builders Association Pat McCrory REBIC senate bill 731 Tamara Lynch town of huntersvilleRead More »
One Wells Fargo Center, the former headquarters of Wachovia Corp, is owned by a Childress Klein Properties affiliate. The nearly 1 million-square-foot tower is about 98 percent occupied.Read More »
Matthews-based grocery chain Harris Teeter likely won't be bought by a competitor nor is it likely that, if it's bought, its stores will then be sold off one by one, a Charlotte-based retail industry analyst says. Andy Misiaveg, partner at the Charlotte office of the Atlanta-based The Shopping Center Group, said he doesn't expect many grocery chains to be interested in buying Harris Teeter because they probably wouldn't be able to afford to.
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Since 1984, Robinson, Bradshaw & Hinson has been in 101 Independence Center, a 20-story building at 101 N. Tryon St. At first, the Charlotte-based law firm was only on one floor, the 20th. Over the years, the firm has expanded, downward, in the building, and today RB&H takes up 108,000 feet in floors 15 through 20.Read More »