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Residential Refunds (access required)

Jim Scarbrough is fighting to get refunds from Cabarrus County. Photo by Nell Redmond

Over 14 years, Cabarrus County charged builders and developers $8.45 million in special fees. But two months ago, the North Carolina Supreme Court declared the fees illegal. And that’s where it starts to get complicated, and where a whole other set of court cases will ensue.

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NoDa-velopment (access required)

Developers in NoDa are waiting to see how the Mecklenburg and Johnston Mills projects go before making their own decisions. Photo by Scott Baughman

Bob Nixon owns less than an acre of land at Anderson and North Davidson streets in the NoDa neighborhood. He’d like to redevelop it — into what he doesn’t know yet — but he said the blighted masses that are the Johnston and Mecklenburg mills, roughly three blocks from his land, have made him reluctant to do anything with his property.

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Bank slip (access required)

Bank slip

In the second quarter, Bank of America and Wells Fargo abandoned a combined 197,820 square feet of uptown office space, according to Karnes Research. The good news for tenants is that, according to industry officials, rents haven’t been impacted by the BofA and Wells Fargo vacancies.

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