Colonial Properties Trust said it has purchased the Colonial Grand apartment complex in Cornelius for $23.4 million. In a press release, the Birmingham, Ala., real estate investment trust said the 236-unit Class A apartment community is in the “high-end submarket of Cornelius near Lake ...Read More »
Construction and Real Estate
They’re two of the biggest buildings — and competitors — in Charlotte. NASCAR Plaza and Ally Center were built in the same year, 2009, and the two uptown properties contain a total of 755,000 square feet of office and retail ...
Tagged with: Ally Center CB Richard Ellis Charley Leavitt Jessica Brown John Nichols Keely Lane Keystone Partners Leah Bailey Merrifield Patrick Vermillion NASCAR Plaza Rubenstein Partners The Nichols Co. Trinity Capital Advisors Trinity PartnersRead More »
The CEO of Beazer Homes will pay $6.5 million to reimburse the company for bonuses and stock profits he received while the company was committing accounting fraud, the Securities and Exchange Commission said. The SEC said a settlement was reached Thursday with Ian ...Read More »
Mecklenburg County foreclosure cases rose 107 percent in February from the same month last year, according to the North Carolina Administrative Office of the Courts. There were 1,943 cases, up from 937. February foreclosure cases were also up from January, when there were 1,850. That’s a ...
Tagged with: North Carolina Administrative Office of the CourtsRead More »
Baltimore-based remodeling company Window Nation said it has entered the Charlotte market by opening a showroom in Huntersville. The showroom, at 15905 Brookway Drive, sells replacement windows. The company also operates in South Carolina, Maryland, Ohio, Virginia and Washington, D.C.
Tagged with: Window NationRead More »
The Ally Center, a 15-story uptown office tower, is close to filling its vacant retail space, with two restaurants slated to move in. That’s according to Peter Conway, co-managing partner for Trinity Partners, a subsidiary of Trinity Capital Advisers, which owns the ...Read More »
Hotel Sierra has opened in Charlotte’s center city at 435 E. Trade St. The 163-room property opened Tuesday. Owned by Wichita, Kan.-based LodgeWorks, the extended-stay hotel features kitchens in 134 rooms. The building has 17 floors, seven of which are for ...Read More »
Forsite Development today said it has bought a former textile mill in Gastonia. 1925 West Poplar St., a 211,000-square-foot building, has been leased to Wix Filters and Republic Textile Equipment Co., Charlotte-based Forsite said. Wix designs, manufactures and distributes products for automotive, ...Read More »