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 »
Trulia, the online real estate search engine, just released a survey of the top 100 metro areas, looking to answer the age old question: Should you rent or should you buy? Their answer for Charlotteans is buy.Read More »
Whether it’s Class A apartments, value-added properties or workforce housing, the Queen City’s apartment market is expected to remain strong in the foreseeable future. Five apartment industry leaders said so on a panel Tuesday morning at Bisnow’s third annual Multifamily Summit held in a ballroom at the Omni Hotel in uptown Charlotte.
Tagged with: Bisnow Multifamily Summit Charlie Henley Charter Properties Ginkgo Residential Grubb Properties John Porter Marshall Phillips Phil Payne Terwilliger pappas Todd Williams Tom Barker WRH Realty ServicesRead More »