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Commercial Real Estate

The fix is in and home renovators are busy (access required)

hard hat blueprints

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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Commercial Confidential: University Executive Park (access required)

Joe Franco prefers to get deals done quickly with potential tenants at University Executive Park.  Photo by Payton Guion

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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Charlotte Knights stadium is taking shape (access required)

Construction, shown Wednesday, on BB&T Ballpark and Romare Bearden Park. Photo by Nell Redmond

As the Charlotte Knights season ended last September in Fort Mill, S.C., with a loss to the Pawtucket Red Sox, Rodgers Builders was getting set to break ground on a $54 million, 10,000-seat uptown ballpark for the team. Jump to April and while the Knights are staggering to a well-below-.500 start in the team’s final season in South Carolina, steel and concrete that roughly resemble a ballpark have sprung out of the ground in uptown’s Third Ward, as construction workers scurry around the site like fielders hustling for a barely reachable fly ball.

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