Real Estate
Tom McMahon joins Lake Norman Realty
Sept. 13. Tom McMahon, a veteran commercial real estate broker in Lake Norman and Charlotte, has joined Lake Norman Realty’s commercial division. McMahon created and successfully led the first fully commercial firm in the Lake Norman region 20 years ago. He sold his company in March 2019 to SVN Blackstream. McMahon is also a real […]
Lake Norman Realty expands with Hecht Realty merger
July 2. Hecht Realty has merged with Lake Norman Realty, effective July 1, according to Abigail Jennings, president of Lake Norman Realty. She said the deal doubles Lake Norman Realty’s commitment to the west side of the Lake Norman market. Hecht Realty’s office space in Denver will become a dedicated property management and rentals office. […]
Peninsula mansion sells for $6.25 million
June 22. A home on Flying Jib Road in The Peninsula has sold for $6,250,000. The six-bedroom, 9,894-square-foot mansion on Lake Norman across from the Peninsula Yacht Club changed hands last week for a cool $632 per square foot. The home was listed by Lance Carlyle of Cornelius-based Carlyle Properties. The home on Flying Jib […]
Premier Sotheby’s is No. 21 in REAL Trends annual survey
April 13. Premier Sotheby’s International Realty has been ranked No. 21 nationally on the annual REAL Trends 500 survey of the top residential brokerage companies, based on 2020’s sales performance. Premier Sotheby’s, which has an office in Lake Norman, moved up seven spots, from No. 28 in 2020, and is the No. 2 Sotheby’s International […]
Race driver purchases Wher-Rena in Cornelius
March 11. A company associated with NASCAR star Joey Logano has purchased the 3.6-acre Wher-Rena property on West Catawba. Logano, a savvy real estate investor, is the 2018 NASCAR Cup Series champion and the driver of the No. 22 Team Penske Ford. At age 30, he is a 26-time Cup winner, including the 2015 Daytona […]
Co-working space opening in downtown Concord
March 4. The “Cabarrus Center” has opened in downtown Concord in the former Cabarrus Saving Bank. Flywheel, a business which creates co-working communities, will manage programming. Flywheel founder Peter Marsh said the Cabarrus Center is looking for aspiring entrepreneurs, existing businesses to learn, grow, and accelerate their businesses through education, networking, and mentoring. The collaborative […]
Meeting Street acquires 19 lots in Belmont
Cornelius-based Meeting Street Homes & Communities has acquired 19 lots in Belmont, sales have begun for the first of three townhome buildings in Meeting Street Towns at Seigle Point. Joe Roy is owner of Meeting Street. The 1,593-square-foot townhomes have two to three bedrooms, 2.5 baths, an open floor plan with kitchen balcony and walk-in […]
Cornelius homebuilder creates English-themed village on waterfront in Davidson
Sept. 14. Cornelius-based Meeting Street Homes and Communities is bringing a taste of the U.K.’s Lake District to Davidson. Ambleside at Davidson is on Lake Cornelius and has 1,000 feet of walking trails through the wooded landscape and along the waterfront amidst 14 single-family homes. Prices start in the low-$700,000s up to the mid-$800,000s, according to […]
Boards of adjustment have quasi-judicial standing
Aug. 24. A recent appeal filed by several homeowners in the Arrington development—a neighborhood of $300,000 homes off Bud Henderson Road on the western side of Huntersville—about the continued operation of the nearby Broken Arrow Shooting Range was unsuccessful. It leaves the NC Superior Court as their final recourse. The range was there for years […]
Stein Mart bankruptcy will take out anchor store in Cornelius shopping center
Aug. 13. By Dave Yochum. The local store that was perfect for gifts of all kinds, not to mention discount fashions, bedding and even plus-size clothing, will close as part of a corporate-wide bankruptcy filing. Stein Mart has filed for Chapter 11 bankruptcy and plans to wind down operations in the fourth quarter. All stores […]
