Parkway Properties has signed a deal with Google Fiber Inc. to bring gigabit-speed Internet service to many of its office properties in Charlotte, Atlanta and Austin. The Orlando, Fla.-based real estate investment trust owns the Hearst Tower and NASCAR Plaza buildings in uptown Charlotte.
“The implementation of Google Fiber reinforces Parkway’s commitment to offering our customers a state-of-the-art technology platform,” said Joel Anderson, Parkway vice president and director of information…Parkway Properties signs deal to bring Google Fiber to Charlotte properties
Parkway Properties has signed a deal with Google Fiber Inc. to bring gigabit-speed Internet service to many of its office properties in Charlotte, Atlanta and Austin. The Orlando, Fla.-based real estate investment trust owns the Hearst Tower and NASCAR Plaza buildings in uptown Charlotte.
“The implementation of Google Fiber reinforces Parkway’s commitment to offering our customers a state-of-the-art technology platform,” said Joel Anderson, Parkway vice president and director of information…
A Los Angeles-based real estate investment firm has made its second apartment acquisition along Providence Road, where it now owns nearly 600 units.
Investors Management Group recently bought the 98-unit Laurel Walk Apartments, near the intersection of Providence Road and International Drive, for $7.38 million.
The property is adjacent to the Lynden Square apartment complex, a 476-unit property that IMG purchased in April for $37 million.
IMG specializes in value-added acquisitions of properties…
Greensboro-based Bell Partners Inc. has sold the 214-unit Bell Morrison apartment complex in SouthPark.
The Connor Group, a real estate investment firm based in Ohio, bought the property for $49.5 million. Renamed the SouthPark Morrison Apartments, it’s the sixth apartment property that Connor has acquired in Charlotte in recent years.
Bell Partners purchased the Morrison property from Madison Marquette in 2012 for $33.3 million. The complex, at the intersection of Colony and Sharon roads, was…
Apartment development firm Terwilliger Pappas Multifamily Partners and Federal Capital Partners, a real estate investment firm based in Maryland, have started construction on a 194-unit apartment complex in the Ballantyne area.
Called Solis Ballantyne, the project will be located at the intersection of North Community House Road and Bryant Farms Road, across from the Morrison YMCA. Terwilliger Pappas won a rezoning for the property in January, and Terwilliger Pappas and FCP purchased approximately…
Charlotte’s housing market has had a hot summer so far.
Home sales in the region jumped 16.9% in July from last year, according to the monthly activity report released Monday by the Charlotte Regional Realtor Association. That follows a 22.1% increase in June from a year earlier. A total of 4,383 properties sold in July, up from 3,750 properties sold in July 2014. Sales were down slightly (1.2%) compared to June.
The average sales price in July increased 5.6% to $255,125 from 2014.
“Three…
Portman Holdings has secured construction financing for its $122 million uptown Charlotte office tower, which will kick off construction with a groundbreaking ceremony next Friday.
China Orient Summit Capital is providing equity financing for 615 South College, a 19-story office tower to be built next to The Westin Charlotte hotel. Real estate finance and investment management firm PCCP is the lender on the project.
According to real estate records, the Portman affiliate that owns the site has…
CPI Security is expanding its corporate headquarters and plans to hire an additional 300 employees over the next two years, the company says.
CPI will host a groundbreaking ceremony tomorrow for a new 120,000-square-foot building that will be constructed next to its headquarters on Sandy Porter Road, adjacent to interstate 485, in southwest Charlotte. The new building will house training facilities, research and development and the company’s central station, which monitors alarm events. The company…
Bank of America Corp. (NYSE:BAC) plans to vacate four floors totaling just over 95,000 square feet at 101 Independence Center, creating a big block of vacant space at the uptown Charlotte office building.
The bank plans to vacate the sixth, seventh, eighth and ninth floors at the building by August 2016. Jennifer Darwin, a spokeswoman at the bank, says the employees who work on those floors will be relocated to other office space in uptown, and the decision to vacate the floors is part of the company’s…
A real estate company based in Virginia Beach, Va., is under contract to purchase the Providence Plaza mixed-use development and is looking at an adjacent lot for future development.
Armada Hoffler Properties Inc. is under contract to purchase the three-building complex for $26.2 million. Located at the corner of Providence and Sharon Amity roads in Charlotte, the 103,000-square-foot property is 97% occupied. It includes 54,000 square feet of office space and 49,000 square feet of retail space as…
Dimensional Fund Advisors has leased two floors at the Fifth Third Center building in uptown Charlotte.
The Texas-based investment firm announced last month that it would locate its East Coast regional headquarters in Charlotte, creating 316 jobs. Cousins Properties Inc., which owns Fifth Third Center, is working with DFA on the development of a new headquarters building in Charlotte that would deliver as early as the fourth quarter of 2018. Real estate sources say the company is targeting South…