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Parkway Properties to buy Los Angeles company, increase footprint in Texas (access required)

Parkway Properties, the owner of about 3.3 million square feet of office space in Charlotte, including the 46-story Hearst Tower, has agreed to buy Thomas Properties Group, based on Los Angeles, the companies announced Thursday.

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Distressed: A look back some of the area’s biggest commercial foreclosures of 2011 (access required)

At the end of last year, RealtyTrac, the Irvine, Calif.-based company that the media frequently rely on for foreclosure data, released its report on 2010. For those who don’t like it when foreclosures are up, it was bad news; one in every 50 homes in the Charlotte metropolitan area had foreclosure filings started against them in 2010, an increase of more than 37 percent over 2009.

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Chiquita finds NASCAR Plaza appealing

Chiquita Brands International ended months of speculation today when it announced that it will relocate its worldwide headquarters to Charlotte from Cincinnati. It’s new home: NASCAR Plaza, built in 1999 and, according to a March Mecklenburg Times story, featuring a ...

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Battle of the buildings (access required)

They’re two of the biggest buildings — and competitors — in Charlotte. NASCAR Plaza and Ally Center were built in the same year, 2009, and the two uptown properties contain a total of 755,000 square feet of office and retail ...

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