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Betting on the northeast I-485 spread: Priester announces second development, this one at Albemarle Road exit (access required)

Betting on the northeast I-485 spread: Priester announces second development, this one at Albemarle Road exit <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Retail developer Jay Priester is betting again on future development near Interstate 485. Priester on Wednesday announced that his Cambridge Properties Inc. is developing a 17-acre site on vacant, unincorporated land east of the Albemarle Road exit of I-485, just past the Mint Hill town limits, and a half-mile from the future site of a Novant Health Presbyterian Medical Center campus expected in 2018.

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Deconstructing economic theory: Construction activity up in Charlotte despite sluggish economy (access required)

Deconstructing economic theory: Construction activity up in Charlotte despite sluggish economy <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Traditional economic theory says people follow jobs. In the Queen City over the last four to five years, however, jobs have either decreased or remained relatively stagnant while the city continues to attract migrants, said Bill Graves, assistant professor of economic geography at the University of North Carolina at Charlotte.

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Rain delay: Unusually high rainfall this summer has set back area construction (access required)

Heavy precipitation has left contractors and developers in the area wringing out their plans and looking for ways to get back on schedule. This summer, the Piedmont of the Carolinas has seen between 150 and 200 percent of its typical rainfall

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Staking the ground: Toll Brothers and Ryland increase market share; Meritage moves in (access required)

Staking the ground: Toll Brothers and Ryland increase market share; Meritage moves in <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Goldman Sachs, the global investment banking firm, put out a report naming Charlotte and Jacksonville, Fla., as the two hottest new housing markets in the country, based on population growth, cheap land and economic fundamentals. And in the post-recession, still-recovering era, Goldman picked three national production homebuilders as good stock investments, predicting they would grow in value by as much as 24 percent this year. Two of them have been charging into the Charlotte market in major ways since the market bottomed out in 2010: Toll Brothers Ryland Group.

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Stronger economic reports push stock market higher (access required)

The stock market rose Thursday as investors weighed positive economic reports against worries about Syria. The Dow Jones industrial average added 81 points, or 0.6 percent, to 14,906 in midday trading, while the Standard & Poor's 500 index was up 11 points, or 0.7 percent, at 1,646.

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NEWS ANALYSIS: Attorney warns that based on recent ruling, N.C. homeowners unlikely to get money (access required)

NEWS ANALYSIS: Attorney warns that based on recent ruling, N.C. homeowners unlikely to get money <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

A recent, and murky, N.C. Court of Appeals decision that appears to limit 10-year construction warranties to six years has been invoked by a homebuilder’s attorney, who nonetheless has said his client will make the necessary repairs. The key to this little paradox involving a seven-year-old house in Monroe is, apparently, understanding the difference between two legal phrases.

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Lights! Camera! Eastland? City Council starts negotiations with movie studio developer (access required)

Lights! Camera! Eastland? City Council starts negotiations with movie studio developer <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

CHARLOTTE – The City Council voted unanimously Monday night to begin negotiations with a movie studio developer to redevelop Eastland Mall. Studio Charlotte Development, led by CEO Bert Hesse, has emerged as the city’s preliminary choice for the redevelopment, even if the choice was more by default.

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