Real Estate
Home prices strengthen; what a difference a view makes
High-end home prices in Denver are benefitting from “much-improved highway access to Charlotte. “The Denver area with it’s newly widened highway and improving amenities has posted five straight quarters that exceeded the comparable prior-year quarter,” says Reed Jackson, managing partner of Ivester-Jackson Distinctive Properties in Cornelius. A major change in this year’s luxury home sales […]
Kannapolis signs final purchase agreements for downtown real estate
June 28. Kannapolis City Council members have finalized the purchase agreements for properties located in the downtown area, including property controlled by David Murdock. The City has purchased land and buildings for $7,550,000 from Castle & Cooke and Atlantic American Properties Inc. The City is also purchasing K-Town Furniture from the Uwharrie Bank for $875,000 and […]
Real Estate legend Allen Tate Dies
June 22. Allen Tate, Jr., founder and chairman of the Allen Tate Co. and a leading voice in real estate and economic development for more than 60 years, has died at his home in Charlotte. He was 84. Tate had been in failing health for a number of years, but continued to work at his […]
RCCC cosmetology program opens in downtown Kannapolis
June 22. Rowan-Cabarrus Community College has opened its cosmetology program in 28,000 square feet in a former Belk store in downtown Kannapolis. The College’s cosmetology program is one of the largest and most successful in the state, and the College began looking for a larger space in response to its growth and success. In addition to the […]
No housing bubble anywhere in sight
The Charlotte housing market is hot compared to other markets around the country. While the numbers regionally are strong, close-in neighborhoods and those with amenities like greenways and access to rail are the hottest, according to economists and Realtors. The high-end suburbs, where supply is limited, is strong too. “Median sales prices are holding steady […]
No housing bubble in sight
The Charlotte housing market is hot compared to other markets around the country. While the numbers regionally are strong, close-in neighborhoods and those with amenities like greenways and access to rail are the hottest, according to economists and Realtors. The high-end suburbs, where supply is limited, is strong too. “Median sales prices are holding steady […]
Kannapolis will buy two more downtown properties
April 9. The City of Kannapolis plans to buy two additional properties in downtown Kannapolis: the former K-Town Furniture site at 136 Oak Avenue and a property located at 206 S. Main St. The Kannapolis City Council will consider authorizing a formal contract to purchase the properties at the April 13 meeting. The well-known K-Town Furniture building sits on […]
$500,000+ Homes Planned for vacant land near Harris Teeter
By Dave Vieser. Simonini Homes will build 22 houses with a starting price in the mid $500,000s on the vacant 5.6 acre parcel behind the Jetton Cove Harris Teeter. Specific plans for the prime parcel were outlined Tuesday night at Cornelius Town Hall. As community meetings go, this one was quite congenial. The developer is Best Equity Ventures Organization V. The proper […]
Economist looks for economic development gains
By Dave Yochum. Look for North Carolina’s lower tax rate to provide a bigger boost to economic development in 2016, as the new 5 percent corporate rate takes hold this year. Michael Brown, a Wells Fargo economist based in Charlotte, says “we might start seeing a little more of a boost in a couple of years.” […]
Pat Riley: Building boom means shortage of qualified workers
By Dave Yochum. One of the biggest challenges right now in home construction and remodeling is a shortage of labor, says Pat Riley, chief operating officer of The Allen Tate Co. “It’s so hard to find talent for remodeling needs,” he says. Apparently the boom in residential construction is soaking up workers fast. New home prices […]
