Real Estate
Lakefront mansion in The Point sells for $4.78 million
April 18. A stunning lakefront estate in The Point in Mooresville has sold for $4.78 million, one of the most expensive sales in Lake Norman—and Charlotte—during the past year. The 12,000 square foot house, at 127 Thurstons Way, was listed at $5.9 million with Victor and Amy Petrenko of Premier Sotheby’s International, in Cornelius. […]
M/I Homes re-entering Huntersville market
April 18. M/I Homes plans to start construction on up to 450 new homes in the Charlotte region in 2019, making a dent, perhaps, in the shortage of inventory. Two hundred of the new houses are in Huntersville. In the last three months of 2018, housing inventory nationwide retreated 4.6% from the previous year, according […]
Commercial property values hurtle upward in Meck County
By Debbie Griffin. Valuations of some Mecklenburg County commercial properties have soared—some considerably more than the average of 77 percent for commercial property, which includes apartments. The median increase for residential properties is 43 percent. Some new valuations are at or near doubling from prior valuations: • Publix at Magnolia Plaza: $22.3 million from $11.97 […]
Cornelius builder on HGTV Friday
Jan. 31. Catch a local home on national TV, thanks to Cornelius-based Meeting Street Homes and HGTV. A house built and decorated by Meeting Street will be featured on “My Lottery Dream Home” Friday at 9 pm. “We are big fans of HGTV so it was an honor to get a call from the show,” […]
Meck property revals coming in: Some commercial up 60 percent since 2011
Jan. 24. The last few years have been awesome from a property owner’s point of view; their homes are worth considerably more. How much more is becoming apparent today as the new Mecklenburg County tax values come online. One lakefront property in The Peninsula in Cornelius, with around 5,000 square feet of living area, climbed […]
New valuations: Ringing in the new year with a loud gong
Jan. 9. By Dave Yochum. The go-go housing market has been great news for sellers in Lake Norman for years. But now, for owners, the tax man cometh. Quickly appreciating values, up 5 percent from October of 2017 to October of 2018, according to Case-Shiller, will be reflected in new valuations coming from Mecklenburg County […]
AvidXchange investing $41 million in Charlotte HQ
Dec. 17. AvidXchange, the accounts payable and payment automation company, will expand its Charlotte headquarters, creating 1,229 jobs. The fintech company, an industry leader in automating invoice and payment processes for mid-market companies, will invest $41 million in Mecklenburg County. Salaries for the new positions will average $68,569, which is higher than the current Mecklenburg County […]
SPRiZZi Bev-Co. moving into old Michael Waltrip facility
Dec. 11. SPRiZZi Bev-Co. will move into the former Michael Waltrip Racing building on Liverpool, bringing a potential of 250 new jobs to Cornelius. The company, which makes the SPRiZZi Drink Machine, plans to upfit the 118,000 square foot facility which began life as Movies at the Lake and years later transitioned to a race shop and […]
Rowan-Cabarrus Community College acquires acreage in Concord
Rowan-Cabarrus Community College has purchased two parcels of land totaling 16.44 acres near the South Campus in Concord from Crown Court. The additional acreage will accommodate the growth in Cabarrus County and the College’s future over the next three decades. “The College has long recognized the need to keep pace with the growing needs of […]
Allen Tate Cos. and Howard Hanna Real Estate join forces
Sept. 20. Allen Tate Cos. and Howard Hanna Real Estate Services, the largest family-owned real estate company in the nation, have formed a new joint venture with ownership interests from both companies. Allen Tate, established in 1957, is the fourth-largest private, family owned firm in the country. “This union brings together first-rate real estate professionals […]
