In June, a new state law went into effect to stop unlicensed contractors from skirting the system. The goal is to crack down on contractors who solicit a property owner to apply for a permit for work they will do ...Read More »
Construction and Real Estate
WASHINGTON — The government regulator of Fannie Mae and Freddie Mac said Thursday that million-dollar bonuses paid to executives at the companies were necessary to keep the mortgage giants running. Edward DeMarco, the acting director of the Federal Housing Finance ...Read More »
Charlotte-based Wyndham Capital Mortgage said it is “aggressively” interviewing and hiring people for positions across all of the company’s departments. The positions include mortgage bankers; loan processors, underwriters and closers; and compliance. The company said it has filed more than 75 ...
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Charlotte-based Forsite Development said it has sold its Continental Tire headquarters building at MacMillan Park, although it is not disclosing the purchase price. Last week, Forsite said it sold the 74,844-square-foot Class A office building to I A Fort Mill, ...Read More »
The Midtown, Morehead and Cherry Area Plan is expected to be voted on by the Charlotte-Mecklenburg Planning Commission’s planning committee today. The plan encompasses approximately 455 acres bounded by South Tryon Street and the John Belk Freeway to the north, ...
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With all of the controversy over union labor and the 2012 Democratic National Convention, a group is offering free legal aid for nonunion workers who are forced from jobs during the convention next fall. The Springfield, Va.-based National Right to ...Read More »
A new tax law that would require 3 percent withholding from all checks paid to contractors for construction projects from the federal government has been repealed. The statute, set to start in January, was voted down 95-0 in the U.S. ...Read More »
Miami-based Lennar Homes says it has purchased land in Matthews to develop the new 36-home Pleasant Ridge community. Construction is expected to start this month, with the first homes to be complete by January, Lennar spokeswoman Liz Baker said. The ...Read More »
If low-income people in Cabarrus County want to weatherize their homes for the winter, many will have to pay for it without government help. Cabarrus County commissioners have rejected $75,000 in federal funds to weatherize homes and lower power bills. ...Read More »