The average closing cost for a home mortgage in North Carolina has dropped 26% in the past year, according to an annual survey by Bankrate.com.
However, the state still ranks among the 10 most expensive in the country when it comes to mortgage origination and other fees.
It costs an average of $1,911 in origination fees and third-party costs, such as appraisal and inspection services, to buy a home with a mortgage in North Carolina, according to Bankrate's survey. That total is down from $2,599…Why it’s getting cheaper to buy a home in North Carolina
The average closing cost for a home mortgage in North Carolina has dropped 26% in the past year, according to an annual survey by Bankrate.com.
However, the state still ranks among the 10 most expensive in the country when it comes to mortgage origination and other fees.
It costs an average of $1,911 in origination fees and third-party costs, such as appraisal and inspection services, to buy a home with a mortgage in North Carolina, according to Bankrate's survey. That total is down from $2,599…
Grubb Properties and Foothills Capital are seeking a mixed-use rezoning for a 10.7-acre office property on Park Road that would allow the firms to add residential, retail and hotel uses at the site.
The firms have met with adjacent land owners and other community members, and Grubb says it is planning one of its Link apartment developments for the site, which is located on the east side of Park Road, between Mockingbird Lane and Abbey Place.
The property is currently home to the 4601 Park Road…
John Crosland Jr., chairman emeritus of legendary Charlotte real estate firm Crosland, has died.
Crosland, 86, had been suffering from Parkinson’s disease for several years. He was the company’s president and chief executive until 1999 and retired as chairman in 2007.
“We are all saddened by Mr. Crosland’s passing but are fortunate that he prepared extensively to ensure the company’s future,” said Adam Ford, president of Crosland, in a statement. “We will work hard to fulfill his…
Childress Klein and Cato Management have purchased the Sharon Station property in Charlotte's SouthPark area for $9.2 million.
Through affiliates, the two firms bought the six-building, 23,000-square-foot mixed-use property from an affiliate of The Bissell Cos., which had rezoned the property in 2010 to allow for redevelopment.
The 2.3-acre site on Sharon Road is adjacent to the Sharon United Methodist Church property in SouthPark, which Childress Klein is working to have rezoned for a major mixed-use…
Garretson Resolution Group has signed a lease for 43,112 square feet at the Two Morrocroft Centre building in Charlotte's SouthPark area. The company plans to relocate there in December from its offices at the Esplanade at SouthPark and Rexford Park II buildings on Rexford Road.
At Two Morrocroft, Garretson will be taking space previously occupied by Horizon Lines as well as the majority of the space that Sterling Capital Management will vacate when it relocates its offices to the Capitol Towers…
Red Ventures has signed a lease for approximately 98,000 square feet at the Cambridge Corporate Center office building in Charlotte's University City.
The marketing company recently announced that it plans to add 500 employees during the next two months, with about 40% of those to be located at the company’s University City offices. The company currently occupies 34,351 square feet in the Environmental Way office building in University City.
Origin Capital, a Chicago-based real estate investment…
A Hilton Garden Inn hotel is being planned for the Waverly mixed-use development in south Charlotte, according to real estate records.
The hotel would be located “in the retail core of the development,” according to a filing with the city.
Childress Klein and Crosland Southeast are developing the 85-acre Waverly project at the intersection of Providence and Ardrey Kell roads in south Charlotte. They won a rezoning for the property last year that allowed for a 150-room hotel within the development…
Multifamily development firm Proffitt Dixon Partners is under contract to purchase the Actor’s Theatre of Charlotte property on East Stonewall Street and plans to build an apartment complex at the site with between 100 to 150 units and ground-floor retail space.
The firm wouldn’t start construction at the property, located at 650 E. Stonewall, until the theater’s current season concludes next summer, says Wyatt Dixon, a managing principal with Proffitt Dixon. Mike Mulvaney, who owns the property…
The redevelopment of the Sharon United Methodist Church property in SouthPark has hit a snag that involves some well-known Charlotte real estate developers.
In order for real estate firm Childress Klein and the church to move forward with plans for a major mixed-use project at Sharon Road and Morrison Boulevard, they now need some cooperation from the families of H.C. “Smoky” Bissell, Johnny Harris and his brother, Cameron Harris.
Here’s the background: Back in 2011, three couples — Smoky…
Beacon Partners is breaking ground this week for 500 East Morehead, a seven-story office building with ground-floor retail on East Morehead Street, next door to the Dowd YMCA.
The commercial real estate firm expects to start demolition today on a vacant, 44,000-square-foot building at the 2.5-acre site. The demolition process will take six to eight weeks, says Mike Harrell, a partner with Beacon, and will be followed by vertical construction of the building, which will total 180,000 square feet…