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 »
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.Read More »
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.Read More »
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.Read More »
After several months of conjecture, two Florida-based companies, Publix, out of Lakeland, and Stiles, out of Fort Lauderdale, this week revealed they were joining forces at Mint Hill Commons and that Stiles would be developing the roughly 66,000-square-foot shopping center.
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In a town that regularly rejects development projects, Antiquity LLC’s proposal to alter its plans to add 80,000 square feet of retail to its new-urbanist, mixed-use residential development sailed through the arduous planning process in a relatively quick four months.Read More »