Real Estate
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 […]
Hot Properties: February 2018
In Cornelius A lakefront home at 18906 Halyard Pointe Lane in The Peninsula has sold for $1.68 million after being listed at $1.725 million by Lori Jackson at Ivester Jackson Properties. The 5,483 square foot home, which was on the market 173 days, has been extensively updated. Assessed at $1.21 million, the house has two […]
RCCC breaks ground for advanced tech center
Jan. 25. Rowan-Cabarrus Community College has officially broken ground on a new Advanced Technology Center (ATC) at the North Carolina Research Campus in Kannapolis. The Advanced Technology Center project is the result of collaborative funding by both private and public partners. The combined efforts and support of the Cabarrus County Bond Referendum ($9 million), Cabarrus […]
Hot Properties: January 2018
In Cornelius A golf course home at 18300 Invergordon Lane in The Peninsula has sold for $654,000 after being listed at $685,000 by Dixie Dean of Allen Tate/Lake Norman two months ago. Assessed at $453,000, the four-bedroom house has a total of 3,130 square feet of space, with exceptional views of the course, front and […]
