Real Estate
Managing growth in classic small town can be ‘messy’
By Erica Batten. Is Davidson’s small-town charm at risk? Mayor John Woods projected that Davidson’s current population of roughly 12,000 will double in the next four decades, consistent with the rest of Mecklenburg County “Our greatest challenge is managing the effects of change while protecting our small-town character,” Woods said. The consequence of getting it very […]
Volume rises at Allen Tate
Jan. 16. Privately held Allen Tate Co. says closed sales volume rose to $5.45 billion in 2016, compared to $5.16 billion in 2015. Units rose in similar fashion, from 21,565 in 2015 to 22,194 last year. Allen Tate President and CEO Pat Riley said steady growth helps normalize and sustain the market. Low inventory will […]
$14 million expansion in Huntersville for Pactiv plant
Dec. 6. Prairie Brookwood is building a 324,480-square-foot warehouse expansion for tenant Pactiv LLC in Huntersville. The $14 million expansion more than doubles the size of Pactiv’s round-the-clock facility. Pactive, which makes food service disposables and food packaging, will gain 35 new loading docks. The company has more than 11,000 employees in seven countries. Prairie […]
Baby Boomers at root of move-up bottleneck
Curious what the Baby Boomers have been up to? Not much, when it comes to their homes. Baby Boomers are laying low and staying put, many in homes they have lived in for more than a decade. Because Baby Boomers are healthier and living longer lives, they are choosing to downsize much later than previous […]
Construction is booming at local colleges, universities
By Katie Piccirillo Sherman. UNC Charlotte has launched a $200 million capital campaign, the largest in its history. The “Exponential” campaign will fund new buildings and renovate existing structures. Colleges coast to coast are breaking ground on state-of-the-art facilities. Vicki Saville, Central Piedmont Community College’s associate vice president for construction, says CPCC enrollment has grown 37 […]
Harrisburg is a boom town for homebuilders large and small
By Marty Price. Nationally, new home sales have risen to the highest levels since 2007, but they’re still below the peak level of 1.39 million units in July 2005. July was the first month that the rate exceeded 600,000 since early 2008. Before the recession, the last full year below that mark was in 1991. “Home […]
Basketball star Nic Batum buys Cornelius mansion
One of the biggest names in Charlotte sports has purchased one of the biggest lakefront homes in Cornelius. Hornets star Nicolas Batum paid $3.725 million for a 10,000 square foot estate on Nantz Road, according to Mecklenburg County tax records. On July 7, Batum re-signed with the Hornets, inking a five-year, $120 million contract. It’s bigger […]
Lake Norman Realty plans open house for ‘Grand Re-Opening’
Sept. 21. Lake Norman Realty is welcoming the public to its newly expanded office in Denver at 1818 N.C. 16 North. The newly redesigned office features new client meeting areas, a large training room, a computer workroom and offices for associates. There will be a “Grand Re-Opening Open House” event at the Denver office on […]
Cornelius buying land for old town arts center
Julia Telford King will open a new stand-alone real estate office in downtown Cornelius this fall. It could be the beginning of a resurgence in the historic downtown which once bustled with mill workers and farmhands. She has purchased a live-work unit where retail space is on the ground floor and owners live on the […]
Leigh Brown honored as real estate innovator
Leigh Brown, CEO of RE/MAX Executive Realty Leigh Brown & Associates, won second place as Inman Most Innovative Agent/Broker at the recent Inman Connect 2016 Conference in San Francisco. Brown was one of 22 individuals to be honored as a mover and shaker in the industry at the real estate technology conference. “I am honored […]
