Retail follows rooftops. It’s the old real estate adage explaining how commercial development responds to residential development. So the recent growth in homebuilding and homebuying in the Charlotte market – which is expected to continue into 2014 – will likely be accompanied by increased commercial development over the next two years, even if developers are still cautious about the overall economy.

Tagged with: Beacon Partners Bernard Helm Cassidy Turley Charter Properties commercial development Darrell Palasciano Homebuilding Jon Morris real estate The Shopping Center Group

Whether it’s Class A apartments, value-added properties or workforce housing, the Queen City’s apartment market is expected to remain strong in the foreseeable future. Five apartment industry leaders said so on a panel Tuesday morning at Bisnow’s third annual Multifamily Summit held in a ballroom at the Omni Hotel in uptown Charlotte.

Tagged with: Charter Properties Ginkgo Residential Grubb Properties John Porter Phil Payne Terwilliger pappas Todd Williams

Bisnow on Sept. 24 is hosting its third annual Charlotte Multifamily Summit, a panel discussion on the state of the area multifamily market, at the Omni Charlotte Hotel, at 132 E. Trade St. in uptown.

Tagged with: Bisnow Charter Properties John Porter Phil Payne Terwilliger pappas

It could get cheaper to redevelop sites in Charlotte. Under current rules, redevelopment means coughing up whatever it costs — and it can be in the hundreds of thousands of dollars, some say — to install devices that control where ...

Tagged with: Cato Corp. Charter Properties Ernie McLaney

John Porter thinks he hit the jackpot with the site for his Longview apartment project on Reames Road in Charlotte. Porter, senior vice president and partner at Charlotte-based Charter Properties, said the site for the 264-unit development is an epicenter ...

Tagged with: Charles Dalton Charter Properties John Porter

When Mecklenburg County’s assessor’s office releases its 2011 revaluation of commercial properties in March, apartment owners may be surprised at how little their properties have increased in value since the last revaluation in 2003. Chuck Hicks, the county’s revaluation manager, ...

Tagged with: Charter Properties Chuck Hicks Greater Charlotte Apartment Association John Porter Ken Szymanski