Attached to the phrase “student apartment,” the adjective “luxury” looks blatantly out of place. But that apparent incongruity isn’t stopping a Charlotte-Texas partnership from trying to capitalize on the growth of the University of North Carolina at Charlotte campus.Read More »
Commercial Real Estate
Some folks love their old house and want a new gourmet kitchen. Some want to fix up the house so they can sell and buy a new one. Some found a bargain on a foreclosure and can afford to have it updated. Still others are simply dollar-conscious, choosing to invest in what they have rather than laying out more cash on something new.
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The nine-county Charlotte housing market is no longer inching its way back to a recovery. It is zooming back. But – and this is a pretty big “but” – it is not roaring back, and that’s because builders don’t have enough inventory of completed homes to satisfy pent-up demand.
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For years, Sutton House bar sat at the east corner of East Boulevard and Kenilworth Avenue, probably the most prestigious address in Dilworth. With its blue brick façade, the bar stood out like a blinking beacon. Only it didn’t attract many people. On weekend nights, it wasn’t uncommon to see Sutton House almost deserted.
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The mother-in-law suite – a bedroom, bath and possibly a private entrance, decreasing the possibility of unwanted interference to the homeowners’ marital bliss – has come a long way. And it is growing in the process.Read More »
Last fall, a company called ES Appraisal Services, based in Florida, went bankrupt. That the company went under isn’t unusual, as companies fold every day. But ES was the latest of three appraisal management companies that went out of business recently, all with the same troubling trend for real estate appraisers.
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Officials Sunday night ordered some residents of the Antiquity mixed-use development to evacuate their town houses for a few hours after a sinkhole widened, leaving the entire subdivision without power for the night.Read More »
Up north, at University Executive Park, Joe Franco usually tries to shave a few weeks off negotiations, in an effort to seal more deals. Franco, vice president in the Charlotte office of Cassidy Turley, which handles leasing at the 13-building park in northeast Charlotte, said when his firm’s employees line up a potential tenant, they try to “say yes to the deal.”
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Tax reform legislation, including a proposal to enact a statewide business privilege tax, is among the dishes simmering in committee as the North Carolina General Assembly nears its crossover deadline, but political observers say it’s too early to tell what legislators ultimately will bring to the table.
Tagged with: property taxesRead More »