Ridge Creek IV was the first large industrial building built in Charlotte in five years, and with around 200,000 square feet of space for the taking, the Childress Klein Properties-owned building seemed ideal to reel in those tenants who were waiting for a recovery to make a move to buildings new. But only one tenant has signed a deal since the building opened.Read More »
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With vacancy rates well below market norms and above-average rents, this office submarket in south Charlotte continues to be one of the strongest performers in the city. Second-quarter numbers from Charlotte-based Karnes Co., an office-industry analytics firm, show that the SouthPark office market is healthier than it’s been since 2009.Read More »
Not long ago, when potential tenants were seeking office space across the city, they were at the mercy of the landlord or owner.Those conversations changed during the recession, when vacancy rates were climbing and landlords were grasping for tenants. But as Charlotte moves back toward a landlord’s market, tenants aren’t relinquishing all the cards they’ve been handed.Read More »
In 2006, before the recession, the Charlotte Regional Realtor Association had 8,152 members. Today, its membership is thinner by about 1,407, a decline that, no doubt, is a byproduct of the market’s downturn. It’s not as much of an exodus ...Read More »
It could be one of the greatest real estate bargains in Charlotte history: 33,347 square feet of space on seven acres for only $1 a year in rent. That proposal for Tryon Hills Pre-K Center in north Charlotte is among ...
Tagged with: Andrew Jenkins Bethlehem Center of Charlotte Charlotte-Mecklenburg Schools Dennis LaCaria Eric Davis Hendrick Automotive Group Karnes Research Co. Kaye McGarry Lake Norman Christian School Mike Raible Student First Academy The International House of Charlotte Timothy Morgan William McDonaldRead More »
On June 9, Charlotte-based Bissell Cos. started construction on two office buildings in Ballantyne Corporate Park. The company calls it the largest speculative office project in the U.S. The $100 million project will add another 550,000 square feet to the ...
Tagged with: Andrew Jenkins Anne Johnson Beacon Development Bissell Cos. Branbridge Real Estate Capital Charlotte Center City Partners Karnes Research Co. Michael Ortlip Ned Curran Pete Lash Tracy DodsonRead More »
Darrell Boyette’s cigar shop, Tinderbox, is in Overstreet Mall, a collection of stores inside some of uptown’s high-rise buildings. It’s Tinderbox’s smallest location, and Boyette, the general manager, sees 80 to 100 customers every day at the store, which he ...
Tagged with: Andrew Jenkins Charlotte Center City Partners Charlotte-Mecklenburg Planning Commission Charlotte-Mecklenburg Planning Department Cheryl Myers Dan Thilo Darrell Boyette EpiCentre Karnes Research Co. NASCAR Hall of Fame Northlake Mall Overstreet Mall Stephen Rosenburgh TinderboxRead More »
Charlotte’s South End has an artsy — some might even say funky — vibe, with its easy access to light rail and historic buildings. The businesses the area is known for are, generally speaking, small outfits that feel at home ...
Tagged with: Andrew Jenkins Balfour Beatty Construction Charlotte Center City Partners Coldwell Banker Commercial Meca Joe Piacentino John Stipp Karnes Research Co. Meredith Dickerson Office Properties The Design Center of the Carolinas Tracy DodsonRead More »
Alec Polites said it’s like hitting a man when he’s down. Having slashed rents to hang on to tenants in his struggling shopping center on East Independence Boulevard, he couldn’t believe his eyes when he received his 2011 revaluation from Mecklenburg ...Read More »