MATTHEWS – Shareholders of Harris Teeter, the locally-based grocer that until recently had a stranglehold on the Charlotte upscale grocery market, on Thursday overwhelmingly approved the sale of the chain to Cincinnati-based Kroger, as reported by The Charlotte Observer. At ...Read More »
Retail follows rooftops. It’s the old real estate adage explaining how commercial development responds to residential development. So the recent growth in homebuilding and homebuying in the Charlotte market – which is expected to continue into 2014 – will likely be accompanied by increased commercial development over the next two years, even if developers are still cautious about the overall economy.
Tagged with: Beacon Partners Bernard Helm Cassidy Turley Charter Properties commercial development Darrell Palasciano David Dorsch Homebuilding Jon Morris Joyhn Porter Markey Opportunity Research Enterprises real estate retail development The Shopping Center GroupRead More »
Greensboro-based Lomax Properties, a commercial real estate firm, is in the midst of developing Morehead West apartments, a 212-unit community on Millerton Avenue, just off West Morehead Street, hoping that corridor is on the rebound, rather than the relapse.Read More »
A Charlotte-area realtor has lost her license but has managed to keep her business after fully refunding the company’s trust fund. Julie Edwards Van Slambrook, the broker-in-charge and co-owner of First Properties of the Carolinas, was stripped of her real estate license in March after it was learned that she embezzled nearly $100,000 of client funds held in trust.Read More »
Ever since the U.S. Supreme Court struck down a statutory provision banning the recognition of same-sex marriages for federal purposes in June, business owners and their attorneys have been awaiting guidance from federal agencies as to how that ruling would change rules governing everything from tax exemptions to employment medical leave.Read More »
A new Homeowner's Bill of Rights, SB 321, aims to eliminate the runaround some homeowners got from banks by requiring lenders to assign homeowners a single person to contact. It bans dual-tracking, in which a bank pursues a foreclosure at the same time a homeowner is working on a short sale. And it eliminates "arm's length" rules, in which banks barred people from buying distressed properties from their relatives or other close associates.Read More »
Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide. The company started selling solar panels made by China's Hanergy in its store in Southampton on Monday. It will sell them in the rest of Britain in coming months, it said.Read More »
Work begins next month on a $2.7 million project in Charleston, S.C., to restore a section of the promenade and Battery seawall dating to 1919. Renovations to other sections of the Battery, which winds more than a mile along the shore where the Ashley and Cooper rivers, will follow in the future.Read More »
A federal agency said Thursday it will stay out of the fight between Charlotte and North Carolina lawmakers for control of the nation's sixth busiest airport until legal issues are resolved in court. In a letter to the city, the Federal Aviation Administration said "who governs an airport is a local decision." But the agency has to ensure that airports "remain safe and financially self-sustaining."Read More »
Led by the behemoth Blackstone Group, the largest alternative investment company in the world, institutional investors are buying a lot of single-family homes in Charlotte, fixing them up, renting them out and holding onto them to see if they rise in value. One of every five houses sold in May, June and July in the Charlotte market went to big investors, a higher percentage than in any other market but Atlanta.
Tagged with: American Homes for Rent blackstone group Eric Locher invitation homes j.c. underwood Metrolina Real Estate Investors Association Nancy Braun national association of real estate investment trusts national real estate investors association oakmont homes RealtyTrac rentrange robert shiller The American Home Tom PearsonRead More »