Charlotte-based Tree.com, the parent company of LendingTree, said Thursday it plans to repurchase up to $15 million of its common stock. The stock will be bought for $7.25 to $7.75 per share. The company said it will have to determine ...Read More »
Construction and Real Estate
Although they hesitated, the Mecklenburg County Board of Commissioners approved granting up to $6.48 million in federal Recovery Zone Facility Bonds to Red City Properties Tuesday. But first, commissioners questioned whether their approval of the funding could entangle the board in an ongoing lawsuit ...Read More »
Charlotte’s restaurants have given the city’s zoning officials something to chew on this year. Eateries next to residential areas have been busted for bringing in entertainment, such as disk jockeys, which puts them in violation of their zoning. As a ...Read More »
With an announcement that an unnamed investor may purchase a $93.9 million loan on the EpiCentre, a group of about 40 contractors and others who say they are owed more nearly $10 million is wondering what the news means for ...Read More »
Two major Charlotte-area companies — home improvement retailer Lowe’s and drywall supplier National Gypsum — have been caught up in the Chinese drywall controversy. The drywall has been blamed for a host of problems cited by homeowners, from breathing difficulties ...Read More »
LendingTree Loans, a subsidiary of Charlotte-based Tree.com, has signed an agreement to acquire the assets of Louisville, Ky.-based SurePoint Lending. The acquisitions is expected to close in the first quarter of 2011. As part of the transaction, Tree.com will pay ...Read More »
In Charlotte, affordable housing has lately been at the fore of the “What role should government play?” debate. When voting for bond proposals Nov. 2, residents showed support for the city’s efforts to provide affordable-housing units. But the $15 million ...
Tagged with: BallanCroft Charlotte city council Charlotte Housing Authority Charlotte-Mecklenburg Coalition for Housing Charlotte-Mecklenburg Housing Partnership David Howard Deborah Clark Housing Locational Policy Mike Rizer Patsy Kinsey Warren CookseyRead More »
Sales of single-family homes, condominiums and townhouses in the Charlotte region fell 23.3 percent in October compared with October 2009, Charlotte Regional Realtor Association reported today. There were 1,695 closings in October, down from the 2,210 in October 2009 but ...
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In June 2009, Mecklenburg County and the city of Charlotte were allocated $57.8 million in federal bond money to help businesses fund capital projects and jump-start the local economy. Despite the availability of that funding – Recovery Zone Facility Bonds, ...
Tagged with: Brad Richardson Goodwill Industries of Southern Piedmont Industrial Facilities and Pollution Control Financing Authority Marvin Bethune Mecklenburg County Board of Commissioners North Carolina Department of Commerce Presbyterian Pump Station Recovery Zone Economic Development Bonds Recovery Zone Facility Bonds Red City Properties Rick Christenbury Rocky River Wastewater Treatment Plant Tim CrowleyRead More »
The Charlotte City Council tonight will discuss proposed changes to the city’s housing locational policy under which new subsidized multifamily rental units will be prohibited within certain neighborhoods. If approved, the units would be illegal in neighborhood statistical areas labeled “transitioning” or “challenged.” ...
Tagged with: Charlotte city councilRead More »