Real Estate
It looks like more price appreciation this year, next year
Look for above-average home price increases to continue this year and next year. Pat Riley, the president of Allen Tate, says inventory shortages are not going away anytime soon. The historic recession that began in earnest in 2008 decimated the home construction industry with construction workers and contractors disappearing, some never to return. “I don’t […]
Castle & Cooke North donates land to RCCC for tech center
June 23. Rowan-Cabarrus Community College has received a two-acre donation of land from David H. Murdock, founder of Castle & Cooke and NC Research Campus, for a 60,000 square foot Advanced Technology Center. The building in Kannapolis will be adjacent to the college’s existing building on the research campus. The donation allows the two organizations […]
New downtown plan puts hotel at north end of Cannon Village
June 17. The Kannapolis City Council has unanimously endorsed the “North Option” for the redevelopment of downtown. It places a sports and entertainment complex in the north section of downtown, a hotel on Main Street, and a performing arts center on West Street. Residential development will be located in the historic district of the City […]
Prices still climbing at a healthy rate in Charlotte
The S&P/Case Shiller Home Price Index rose .72 percent nationwide, which is great news, but the news from Charlotte is even better. Reflecting deals that closed in March, the Charlotte index of prices rose .87 percent. The Case Shiller index measures the value of residential real estate in 20 major U.S. metropolitan areas, from Atlanta […]
Luxury in Cabarrus: Top 5 closed deals
Address SqFt Acreage DOM Sale Price 1 3211 Trinity Church Road 6,335 10.290 151 $1,475,000 2 9385 Greathorn Lane 7,019 5.000 421 $1,008,000 3 3400 Rankin Road 3,153 5.050 9 $941,000 4 1755 St. Johns Church Road 5,138 61.250 44 $860,000 5 401 Conifer Place 6,270 3.240 493 $850,000 In Cornelius A 4,000 square foot […]
Cabarrus, Concord approve tax incentives for spec office building
May 17. Three companies have formed a joint venture that will build a spec building in the International Business Park in Concord. The building, valued at $8 million, will have 75,000 square feet of space. The project, on 20 acres fronting Fortune Avenue, has been given an 85-percent reduction in property taxes for three years […]
We have the meat on new Arby’s in Cornelius
May 11. By Dave Vieser. Arby’s is coming to Cornelius, and with a whole new look. Developer Stonegate LLC plans to build a 2,200 foot restaurant on a 1.6 acre parcel across from Lake Norman Tractor on Hwy. 21. While there are Arby’s stores in Mooresville and Huntersville, this one will have a whole new design, […]
Growth vs. farms at May 13 Newsmakers Breakfast
It’s “Point-Counterpoint” at the Business Today Newsmakers Breakfast May 13 at The Peninsula Club. Charles Knox, a developer and real estate broker who founded Huntersville-based The Knox Group, and Zack Wyatt, a Cornelius resident who is founder of Carolina Farm Trust, which seeks to preserve farmland, will discuss “Growth & Infrastructure: What’s next?” in a Q&A […]
