Lennar Multifamily, with East Coast headquarters in Charlotte, last month bought a 3.5-acre tract of land for $8.25 million in Charlotte’s Metropolitan district, according to Mecklenburg County property records.
It's a new twist on a widespread trend: Venture capital firms have been buying up foreclosed homes and then renting them out in markets across the country, including Charlotte.
CHARLOTTE — Miami-based homebuilding giant Lennar Corp. said it plans to build more than 400 single-family homes in four Greater Charlotte communities, one of which will be a new subdivision. Meanwhile, Lennar is planning to build only about 300 homes in the 18 other states in which it operates, indicating that the Queen City’s residential market might [...]
Miami-based Lennar Corp. said it will have a grand opening Saturday for its Pleasant Ridge community in Matthews.
The Kannapolis home had been on the market about eight months. The seller, Fred Waite, had lowered the price in September from $1.8 million to $1.5 million. But, still, not so much as a nibble, said the listing agent, Heidi Hines, owner of Hines & Associates Realty in Cornelius. Then Hines got an idea. She [...]
After renting a townhouse from her parents for nearly three years, Dawn Wallace was ready to get a place of her own. She had a good job as an assistant manager at AmerisourceBergen, a Charlotte pharmaceutical consulting company, and over the years had been saving her money. So, in August, after exploring her options, she [...]
In the midst of a suffering housing market, Miami-based Lennar Corp. has announced that this fall it will give potential homebuyers a chance to win nearly $75,000 in prizes. The sweepstakes will run until Nov. 30 throughout the Southeast, including the Charlotte region. Eligible visitors to participating Lennar communities can register to win a grand [...]
They’re victims of the recession: unfinished communities scattered across the Charlotte area. But for homebuilders like Lennar Corp., they’re an opportunity. Just ask Jon Hardy. Hardy, president of the Miami-based company’s Charlotte division, said that this year Lennar has built homes in nine Charlotte-area communities that others started but couldn’t finish. That represents a spike [...]
Saying there’s potential in the families-without-children market, M/I Homes Charlotte plans to build homes in the Ardrey Crest community. M/I, citing new research from Nielsen Claritas, said that more than half the residents in Ballantyne are families without children at home. Some are couples whose children have grown. Other residents are DINKs: double income, no [...]
Lennar Corp. said it has hired a home consultant to grow its Charlotte division. The Miami-based company said Maria Degenhart will offer assistance to potential homebuyers. In a press release, Lennar said it “continues to add new communities and homes in the Charlotte metro area.”