Real Estate
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 […]
Zillow says Cornelius real estate is hot. Waterfront lot hits the market at $2.35 million
By Dave Yochum. High-price lots are moving fast in Cornelius, with at least one lakefront lot—actually two parcels that will be sold as one—apparently ready to break the $2 million barrier. The property at 20205 Lola Circle is listed at $2.35 million with Lee Ann Miller of Allen Tate. A late 1960s brick home is […]
Economic recovery means more arguments over growth
By Dave Vieser. A ride on Poplar Tent Road from Highway 73 to Cox Mill Road in Cabarrus County provides a striking visual picture: Thousands of acres of land that just a few years ago were either farms or forest are being developed to accommodate new housing developments. In some instances, zoning had to be changed […]
Commercial real estate loans ‘much improved’
By John Rehkop. Fundamentals for the commercial mortgage market continue to improve as the number of delinquent loans is on the decline and the banks loosen the reins on lending. According to commercial real estate research firm Trepp LLC, commercial mortgage delinquency rates in the Charlotte market have dropped for 12 consecutive months from 7.62 percent […]
High-end real estate firm launching Charlotte office
Dec. 17 Cornelius-based Ivester Jackson Christie’s International will open an office later this month in one of the top office buildings in Southpark. Ivester Jackson recruited Matthew Paul Brown from Sotheby’s International as senior managing broker and broker in charge for Charlotte. Brown had been helping launch Sotheby’s Lake Norman office in Cornelius. “The key reason […]
Real estate outlook builds on new construction
By Dave Friedman Demand is high, supply is low, and construction is desperately needed according to commercial real estate brokers in the Golden Crescent. A strong second half of 2014 provides great optimism for next year. Indeed, smaller, less capitalized businesses are being priced out of the most desirable areas. It’s fast becoming a landlord’s […]
A home for the holidays: Swank abode sells for $3.6 million
A landmark lakefront home on Jetton Road in Cornelius has sold for $3.6 million, putting it in the top three of all Mecklenburg County residential real estate transactions in 2014. The county’s highest residential transaction, at $3.97 million, was a lakefront home at 15521 Jetton. The second highest price transaction in Mecklenburg was $3.93 million, […]
Lake Norman Realty employees elected to regional and county realtor boards
Nov. 25 General Manager Shantae Brown of Lake Norman Realty’s Mooresville office and sales agents, Kay Davis and Gail Huss of the Denver office, have been elected to regional and local real estate boards. Brown was recently elected as the newest board member of the Charlotte Regional Realtor Associate’s Board of Directors for the 2015-2017 term. […]
