Grubb Properties has been given a six-year extension from Mecklenburg County to complete its roughly $220 million redevelopment of Elizabeth Avenue.
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“All the towns I’ve spoken to want to have a better mix of tax revenue, split more between residential property tax and commercial property tax,” said Mike Griffin, co-owner of Cornelius-based developer Griffin Bros.Read More »
Tenants will shoulder the costs of Camden’s renovations. Holly Casper, district manager in Charlotte for Camden, said the company is increasing rents by an average of $120 a month at renovated apartment complexes.Read More »
As Charlotte shakes off the effects of the Great Recession, those in the commercial real estate industry say they are seeing a rise in leases for small clients. But the same can’t be said for big-box tenants, who remain on the sidelines, hardly moving into new spaces or opening new locations.Read More »
Now that Crescent Resources has announced the possibility of building 150,000 square feet of office space on an uptown site, some aren’t so sure that’s the best idea. Industry officials say that, given the amount of vacant office space across the Charlotte area, now might not be the best time to dump more office space into the market.Read More »
Tommy Turner specializes in finding industrial sites in small markets for commercial real estate clients. So it was only natural that he found himself working with a company like Ontario, Calif.-based Niagara Bottling, which came to him in 2010 looking to open a distribution center in Virginia or the Carolinas.
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In 2007, the Urban Land Institute published a report on what should happen with Eastland Mall. According to the plan, "Reinventing the Eastland Mall," the site, and surrounding area, would benefit from a mixed-use redevelopment featuring retail and community spaces and a residential component.Read More »
“When we are working with clients and they are looking for space to lease or land to build on in our area, they comment to us about how terrible the traffic is,” Statesville-based general contractor Jerry Alford said. “It is something we have to overcome in order to get people to do deals.”Read More »