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Apartment developers: Renting growing as ownership declines (access required)

Apartment developers: Renting growing as ownership declines <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

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.

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Multifamily summit to be held at the Omni (access required)

Bisnow on Sept. 24 is hosting its third annual Charlotte Multifamily Summit, a panel discussion on the state of the area multifamily market, at the Omni Charlotte Hotel, at 132 E. Trade St. in uptown.

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Building a bubble? Developers plan to add thousands of apartments to the metro area, which has some wondering about overbuilding (access required)

It’s a lot of apartments. There are 7,000 units planned for the Charlotte area, mostly for the area north of the city. More than 1,000 units are under construction, and it’s no wonder why developers are salivating over apartments: Now’s a good time to be in the rental business, thanks to tougher lending practices that make it harder for people to buy homes and a major dip in confidence in owning brought about by the housing market’s collapse.

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Apartment construction wave on the horizon for Charlotte, report says (access required)

John Porter thinks he hit the jackpot with the site for his Longview apartment project on Reames Road in Charlotte. Porter, senior vice president and partner at Charlotte-based Charter Properties, said the site for the 264-unit development is an epicenter ...

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Revaluation manager: Apartment values might increase only slightly (access required)

When Mecklenburg County’s assessor’s office releases its 2011 revaluation of commercial properties in March, apartment owners may be surprised at how little their properties have increased in value since the last revaluation in 2003. Chuck Hicks, the county’s revaluation manager, ...

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