Commercial Real Estate

Oct 17, 2013

Charlotte broker found guilty of fraud, ordered by judge to pay $2 million

Tony Brown Jr., a broker and owner of Realty World Genesis in Charlotte, was found guilty of fraud and must pay three California firefighters $667,350 each, a federal bankruptcy judge has ruled.

Oct 14, 2013

Buildings spring up in The Park: Huntersville mixed use center revived following recession

Rooftops+Recovery+Recent Hospital Expansion=Commercial Real Estate Revival. That appears to be formula at work in The Park-Huntersville – and its joined-at-the hip spin-off, the Gilead Center – where seven new construction projects are underway or in the pipeline.

Oct 14, 2013

Some property owners may soon receive tax refunds

Some Charlotte homeowners will soon start receiving corrected 2011 property tax evaluations as a county-hired appraiser just completed a first batch of revaluations in Myers Park. The completed revaluations by Pearson’s Appraisal Service of 247 parcels were approved by Mecklenburg County Commissioners on Tuesday.

Oct 14, 2013

Historic designation would be grist for Hawthorne Mill

Louise Cotton Mill, now known around town as Hawthorne Mill, is one of several old textile factories that serve as a historic reminder of what became known as Charlotte’s first true industry in the late 19th and early 20th centuries. But the redevelopment of Hawthorne Mill differs from new multifamily development in that developers can’t just come in and put up projects as they wish. There are[...]

Oct 11, 2013

SunTrust to pay more than $1B in settlements

SunTrust Banks Inc. said Thursday that it agreed to cash payments and consumer relief totaling more than $1 billion to settle claims over its handling of government-backed mortgages.

Oct 8, 2013

Government shutdown: Impact small so far on Charlotte housing, banking

It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.

Oct 7, 2013

Charlotte developer agrees to settlement over coastal property

The North Carolina Department of Justice is preparing to reach out to about 1,100 people who purchased properties at two coastal North Carolina developments in Carteret and Onslow counties. Noelle Talley, public information officer at the N.C. Department of Justice, said the Consumer Protection Division will be sending letters to the buyers of properties at two communities, Cannonsgate and Summe[...]

Oct 7, 2013

Ridge Creek yet to rise: Industrial market expected building to lease more quickly

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.

Oct 4, 2013

Alzheimer’s care center to replace proposed hotel on Park South Drive

The latest twist in a rezoning drama that has been going on for 18 months has left developer CN Hotels of Greensboro with no room for an inn. The outcome of a contested rezoning usually satisfies either the protestors on one side or the landowner and developer on the other. But the case of a vacant 0.72-acre lot at 6026 Park South Drive has been anything but usual.

Oct 4, 2013

‘Chic-urbanism’ apartments going up in Cornelius

More than one year, two developers and a rezoning battle later, construction is finally underway on new Class A apartments in the Kenton Place mixed-use development on West Catawba Avenue. Kenton Place Partners LLC of Charleston, S.C., last Tuesday pulled nearly $3.5 million in Mecklenburg County building permits to start construction on a three-building, 210-unit complex, which is expected to b[...]

Oct 3, 2013

Setting the stage for a sale

Call it the HGTV effect. Home buyers have high expectations when it comes to a new home. You have to grab them in the first seven to 10 seconds or they move on.

Oct 3, 2013

Durham-based commercial real estate firm buys tower in Uptown

Dilweg Cos., a Durham-based commercial real estate company, has purchased 121 West Trade, a 32-story office tower at the corner of Tryon and Trade streets, for $59.6 million from Cornerstone Real Estate Advisers.

Latest News

See All Latest News


See All Features


Will the Trump Organization ever go through with a purchase of The Point Lake and Golf Club in Mooresville?

View Results

Loading ... Loading ...