Real Estate
Allen Tate raises $161K with Tate Cares campaign
April 24. Allen Tate Realtors have raised $161,000 for local arts and cultural programs and United Way agencies in North and South Carolina. The Tate Cares campaign was managed by Stephanie Gossett, Allen Tate regional vice president. Each year, agents and employees are given the opportunity to support local and regional arts and cultural organizations and […]
Finding solutions to workforce housing crisis
By Erica Batten. A “tidal wave” of rising home values is pricing housing out of reach for a wide range of ordinary people—everyone from musicians to teachers to firefighters. Case-Schiller says Charlotte single-family home prices rose 6 percent over the past year. Some neighborhoods are considerably higher, but the homes that rank and file workers […]
After Beaty St. fight, Davidson has variety of new projects
By Erica Batten. When Mayor Rusty Knox and a handful of members of the Davidson Board of Commissioners met last month with citizens for the informal coffee chat, the discussion centered on one topic: The 19-acre Beaty Street property owned by the Town. Plans to develop the property for residential and commercial use were scrapped […]
Luxury brokerage opens offices in Davidson
Mitchell Prime Properties, a luxury real estate broker based in Winston-Salem, is opening offices in Davidson at 707 Peninsula Drive. It’s one sign that the luxury market around Lake Norman is getting more competitive and more recognition across the Carolinas. “Charlotte’s huge presence in the banking sector and proximity to a genuine international airport is […]
Corvid will invest $29 million in Mooresville HQ
March 27. Corvid Technologies will officially move its headquarters to Mooresville where it already has a sizable campus. The $29 million investment means 367 new jobs in physics-based engineering solutions for the defense, automotive, aircraft and biomedical industries. “North Carolina is the perfect choice for Corvid, thanks to our world-class universities, major military installations, and […]
‘Mother of all revals’ less than a year away
By Dave Vieser. With property values in the Golden Crescent taking off, the impact of Mecklenburg County’s county-wide property reassessment, or “reval,” is only nine months away. By state law, the “reval” must be done once every eight years; notifications with the new assessments will be mailed out in January 2019. Commercial property owners are […]
Affordable housing: What’s the impact of rising property values
Affordable housing—also known as workforce housing in the world of economic development—will be the topic of the Business Today Newsmakers Breakfast March 21 at The Peninsula Club. Workforce housing is a term used by planners and economic developers to describe suitable living accommodations for people like first responders, single parents, teachers and service workers […]
Hot Properties: Prices rose 5.9% last year, more gains ahead
According to the new December Case Shiller Home Price Index, single-family home prices rose by 6.3 percent in 2017 with Seattle and Las Vegas leading the way. Seattle prices rose at a shocking 12.7 percent last year; Las Vegas, 11.1 percent. Charlotte prices rose at the rate of 5.9 percent last year, which is just […]
Hot Properties: To gate or not to gate, that is the question
By Dave Vieser. What’s best? Connectivity or swank, gated communities? That question is surfacing as traffic worsens near older developments and smaller, high-priced infill projects pop up. Many municipalities established partial or full prohibitions on gated communities—even though the streets are on private property—preferring instead to promote connectivity. Now, at least one municipality is taking […]
$300 million Kannapolis project will further jump-start downtown
By Kate Stevens. An Alabama-based real estate development company plans to invest hundreds of millions of dollars in efforts to transform downtown Kannapolis through four proposed projects including the construction of office, retail and restaurant space. Corporate Realty Inc., of Birmingham, Alabama, plans to invest $300 million in new construction and the redevelopment of downtown […]
