Two developers have filed a lawsuit against the town of Davidson, claiming it exceeded the authority granted by the state Legislature in requiring homebuilders to include in their projects a portion of houses affordable to people making a less-than-median income. ...Read More »
Charlotte was among the markets with the biggest annual increase in median home prices in the year ending in September, according to RealtyTrac. The median sales price of a Charlotte-area home in September, including distressed properties, was $175,000, up 1 ...Read More »
Some homebuyers associate foreclosures with bargain-basement prices and oodles of profits. Others view the prospect of a distressed-home purchase as rife with potential pitfalls, including hidden rehab costs and multiple title liens. The truth lies somewhere in the middle. Although ...
Tagged with: Benham Real Estate Group Eric Layne flipping foreclosures J.C. Underswood Lynch Realty Metrolina Real Estate Investors Association Nancy Braun Perry Butler RealtyTrac Showcase Realty Todd LynchRead More »
One percent of homes with mortgages in the Charlotte-Concord-Gastonia metro region were facing foreclosure in September. That’s the same as in August, but a 0.8 percentage point decrease from September 2013, according to real estate data firm CoreLogic. North Carolina’s ...Read More »
Local developers were bullish on the future of Charlotte’s apartment market at Bisnow’s Tuesday morning panel discussion on multifamily communities in Charlotte. Dubbed “New Development and Rezoning for the Future: Charlotte’s Multifamily Boom,” the breakfast at The Westin had more ...
Tagged with: ben collins Bisnow Charter Proeprties Crescent Communities Debra Campbell Ginkgo Residential Grey POole John Porter multifamily Phil Payne Selwyn Property Group Spectrum Residential Steve McClure Terwilliger pappas Tom Barker USAA Real Estate Co. Zac VuncannonRead More »
After six years of research and development, energy service provider Alevo Group announced plans for its 2,000-acre manufacturing facility in Concord at a launch ceremony Tuesday. Alevo is repurposing the 3.5 million-square-foot building, previously the Philip Morris USA Industrial Campus ...Read More »
Charlotte City Council on Monday night approved a three-year extension of a stormwater mitigation fee program for redevelopment projects across the city. The city staff had originally recommended an extension of five years to the fee-in-lieu program, but reduced it ...Read More »
HUNTERSVILLE – Following 15 years of abandoned plans and false starts, the possibility of redevelopment for the former Magla Mills property near downtown is back in play. The town Board of Commissioners last week instructed Manager Greg Ferguson to craft ...Read More »
CHARLOTTE – The rise of commercial real estate in urban areas and investors’ willingness to move forward following the Great Recession were two of the themes discussed by panelists at a breakfast hosted by JLL at the Mint Museum on ...Read More »