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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.
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.
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.
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[...]
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.
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.
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[...]
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.
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.
‘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[...]
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.
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
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- Construction sector adds 23,000 jobs in October as unemployment rate falls to 4.0 percent
- Alliance Residential opens Broadstone Optimist Park in Charlotte
- Construction employment rises in 43 states & D.C.
- LISC Launches Second Charlotte Affordable Housing Fund
- U.S. Home-seller profits continue rising as home values hit new highs in third quarter
- CBRE arranges sale of 107,545-SF Three Water Ridge in Charlotte
Features
- CREW Charlotte honors Diana Palecek with Diversity Equity and Inclusion Award
- Seyfarth bolsters Charlotte office with Katie Schwarting
- SCORE Charlotte intake team honored in matching potential new client needs with one of the chapters 72 volunteers
- Bidding Wars – 6 Tips to Help a Homebuyer Win the Bid
- ABC Carolinas Construction Conference Features New SC Chamber CEO, Bob Morgan as Keynote
- How to Buy Your First Home
- Buying and Selling in the time of COVID-19
- PERSONNEL FILE: Peters joins Showcase Realty
- PERSONNEL FILE: Mellor joins Henderson Properties of Charlotte
- REZONING ROUNDUP: Greenway Residential Development seeks rezoning of 12.3 acres
- PERSONNEL FILE: Berkshire Hathaway HomeServices recieves award
- PERSONNEL FILE: McCarty has joined LS3P
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