Imagine signing a lease for offices in a building at the same time you have to imagine both the offices and the building. That’s what’s happening in uptown Charlotte, where Portman Holdings, a worldwide development and architecture firm based in Atlanta, is planning a large office tower on Stonewall Street, on top of the existing parking deck at The Westin, which Portman also owns.
The recovery hasn’t hit the construction market just yet. A full five years into the Great Recession and construction employment remains below peak levels in all 50 states and the District of Columbia, according to a new analysis by the Associated General Contractors of America. “The construction industry remains a shell of its former self in too [...]
Costs for construction materials for U.S. contractors fell in December. Prices declined 0.2 percent but climbed 5.3 percent from December of 2010, according to an analysis of producer price index figures released last week by the Associated General Contractors of America. Meanwhile, the amount contractors charge to construct projects remained largely flat for the month [...]
During the recent Great Recession, every sector of the architecture business hit rock bottom. But now, as some faint glimmerings of recovery are beginning to appear, not all firms are equally participating in the uptick. Some companies are adding employees. Take Little Diversified Architectural Consulting, which hired 30 people in 2011 and paid companywide bonuses [...]
While Charlotte boosters are on cloud nine about the 2012 Democratic National Convention, some contractors haven’t been as blissful, complaining that they’ll be passed over in favor of union labor.
A rezoning request for a golf-training and teaching academy planned for a 42-acre site in northeast Charlotte has won the approval of the Charlotte- Mecklenburg Planning Commission’s zoning committee. The committee OK’d the request, as well as other rezoning proposals, Wednesday. Carolina Golf Lodge is seeking a rezoning for the property on the north side [...]
2011 is officially over, and some in the real estate and construction
industries are glad to see it end.
The Charlotte Region Commercial Board of Realtors knew they had a great product with the online listings of the Charlotte Property Exchange. But what they didn’t have was a great name. So they changed it this month. Gone is the Charlotte Property Exchange – or CPE – to be replaced by Site Index.
A family from Suriname was the first of a string of guests to arrive at Steve Chase's million-dollar South Florida home expecting a vacation — only, Chase didn't invite any of them.
U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy and weigh on the broader economy in 2012.