The former King’s Gym and Pro Shop, a 25,706 square-foot building at 3722 S. Tryon St., was sold at foreclosure on Dec. 16. Built in 1983, the building was owned by Charlotte-based Carowinds Holding, LLC and foreclosed by RBC Bank.
Foreclosures continued to be a dominant theme in the Charlotte real estate market in 2011. Although Irvine, Calif.-based real estate data tracking firm RealtyTrac has recorded fewer foreclosures in November than October, the final data on the number of homes foreclosed in Mecklenburg County in 2011 hasn’t been compiled yet.
The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated more than 3 million sales during and after the Great Recession, showing the housing market was weaker than previously thought.
The total value of building permits issued in Gaston County increased from October to November, according to building permit data from the Gaston County Building Inspections department.
Lynn Burnett didn’t have the greatest year in 2011.
As an agent for Charlotte-based real estate firm Allen Tate, Burnett said 2011 handed her one of the toughest markets she’s ever seen in her eight years working for the company.
Still, it was a better year than 2010, she said, if only because more people were buying.
A new year offers a blank slate, an opportunity for a fresh vision and a time to reflect on the accomplishments and struggles of the previous year.
As we head into 2012, The Mecklenburg Times wants to know what our real estate industry readers have to say about 2011 and what you expect from the new year.
WASHINGTON – Congressional investigators said this week that four House members received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages were largely responsible for the nation's foreclosure crisis.
As in 23 other states, construction employment in North Carolina fell in November from the same month a year ago, the Associated General Contractors of America said this week.
THS National has remodeled hundreds of kitchens for apartments owned by Camden Group. And for each remodeling, the company can trace the origins of just about every part.
The economy was creeping along and construction projects weren’t exactly waiting around every corner. For Daniel, owner of Daniel Design, a Charlotte-based foodservice consulting and facility design firm, such work wasn’t easy to come by.
But this year, he’s experienced a spike in restaurant jobs, and he attributes at least some of the uptick to three letters: DNC.