Real Estate
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 […]
City of Kannapolis buying downtown properties from Murdock
March 12. The City of Kannapolis will pay billionaire David H. Murdock $5.55 million for 46 acres of property in downtown Kannapolis. The city says the property and buildings have a tax value of $23 million. The purchase includes eight blocks of buildings located on Oak Avenue, West Avenue, S. Main Street and West First […]
Lake Norman Realty annual awards
March 11. Cornelius-based Lake Norman Realty recognized associates and employees at its annual awards breakfast at River Run Country Club in February. Several employees were also promoted, including Denise Richards, to Vice President of Relocation and Corporate Services; Ryan Kotis as Assistant Vice President of Commercial and Relocation Services; and Katie Carpenter as Vacation Rental Coordinator. Lake […]
Hot Properties: It may be cold outside, but real estate looks hot in 2015
By Dave Yochum. While real estate activity nationally fell or flattened out in 2014 after a strong comeback in 2013, Golden Crescent residential real estate, particularly high-end properties, is still hot. For one thing, tear-downs are up. It’s an indication that in densely developed submarkets like Lake Norman, property is scarce. In 2014, there were multiple […]
