CHARLOTTE – The city’s commercial real estate market is “fundamentally strong” and is expected to remain so for a while, but construction labor shortages and a high number of inexperienced workers are causing building costs to rise. That was the ...

Tagged with: Phil Payne Steve McClure

Commercial real estate online publication Bisnow is hosting its annual Charlotte State of the Market event from 7:30-10:30 a.m. April 20 at the Omni Charlotte Hotel. This year’s speakers will include Phil Payne, CEO of Ginkgo Residential; Grey Poole, partner ...

Tagged with: Bisnow Phil Payne Steve McClure

Local developers were bullish on the future of Charlotte’s apartment market at Bisnow’s Tuesday morning panel discussion on multifamily communities in Charlotte. Dubbed “New Development and Rezoning for the Future: Charlotte’s Multifamily Boom,” the breakfast at The Westin had more ...

Tagged with: ben collins Bisnow Crescent Communities Debra Campbell Ginkgo Residential John Porter Phil Payne Selwyn Property Group Steve McClure Terwilliger pappas

It’s a lot of apartments. There are 7,000 units planned for the Charlotte area, mostly for the area north of the city. More than 1,000 units are under construction, and it’s no wonder why developers are salivating over apartments: Now’s a good time to be in the rental business, thanks to tougher lending practices that make it harder for people to buy homes and a major dip in confidence in owning brought about by the housing market’s collapse.

Tagged with: Apartments John Porter Real Data Steve McClure