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Commercial Real Estate

13 to watch in ’13: Parkway Properties (access required)

NASCAR Plaza is among the buildings Parkway Properties owns in Charlotte.

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.

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Commercial Confidential: Mint Hill Festival (access required)

Derrick Taub, vice president for Toronto-based Sierra Group, said the sign on Matthews-Mint HIill Road for Mint Hill Festival is 'plain vanilla' and needs to be changed. Photo by Payton Guion

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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13 to watch in ’13: REBIC and Raleigh (access required)

PADILLA: The Real Estate and Building Industry Coalition is concerned the General Assembly might pass bills this year that could hurt the real estate industry.

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.

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Analyst: Harris Teeter likely won’t sell to competitor (access required)

grocery aisle

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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Meck homebuilding on big upswing in 2013 (access required)

hard hat blueprints

It’s not a buyer's market or a seller's market. It’s a builder’s market, and Mecklenburg County building-permit records prove it. Homebuilders started 250 new single-family homes in the county in January, up 52 percent from the 164 similar permits issued in the first month of 2012 — which was the strongest year for homebuilding in the county since 2008.

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