Real Estate
Greenheck, a manufacturer, announces $58.8 million expansion in Shelby
May 30. Greenheck Group, a Wisconsin-based manufacturer of commercial and industrial ventilation equipment, will build a $58.8 million campus in Shelby, bringing 400 new jobs. Greenheck already employs more than 400 people in North Carolina. “With the addition of a campus we will be able to offer team members a variety of career opportunities and […]
Allen Tate No. 8 nationwide among independent firms
April 23. Allen Tate Cos., one of the major forces in residential real estate in Lake Norman and Cabarrus, is also one of the largest real estate companies in the nation. It is No. 8 in the U.S. among independent real estate firms, and No. 14 among all firms including franchise operations. The news was […]
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 […]
