Multifamily development firm Wood Partners has started construction on Alta Berewick, a 266-unit apartment complex to be built on 16 acres in the Steele Creek area.
The site is located at the intersection of Dixie River Road and Shopton Road, adjacent to the Berewick residential development and across Dixie River Road from Charlotte Premium Outlets. Wood Partners purchased the property earlier this year for $3.12 million from a company controlled by Peter Pappas, head of Pappas Properties, which…
Home sales in the Charlotte region soared 20.4 percent in May from a year earlier, according to the Charlotte Regional Realtor Association.
The association reported Tuesday that Carolina Multiple Listing Service figures show 3,845 homes were sold in the region last month, up from 3,193 sold in May 2014.
On a month-to-month basis, sales were up 12.8 percent from April, and the annual growth figure in May outpaced that in the previous month.
The average sales price in May was $245,197, up 4.2 percent…
Portman Holdings plans to start work early next month on its planned 19-story office tower next to The Westin Charlotte hotel.
Called 615 South College, the 370,000-square-foot office tower will rise above the Westin’s parking deck. Travis Garland, director of leasing at Portman, says the first few weeks of activity will consist of foundation work in the deck and won’t be visible to passersby. Atlanta-based Portman, which also owns the Westin, plans to hold a groundbreaking ceremony for 615…
Stockbridge Capital Group has purchased the 13-building business park at the intersection of South Tryon Street and Clanton Road for $9.9 million and has hired Trinity Partners to lease and manage the property, which has been renamed South End Business Park.
Formerly called 77 Corporate Park, the 328,251-square-foot property was recently put up for auction by its lender and is currently 33 percent occupied. The 13 buildings feature a mix of office, showroom and warehouse space built between 1980…
BB&T Corp. (NYSE:BBT) is evaluating its office space in uptown Charlotte, where the Winston Salem-based financial-services company occupies a large block of space at the BB&T Center on College street.
BB&T currently occupies approximately 140,000 square feet on multiple floors at BB&T Center. Speaking on a panel at the Interface Carolinas conference last week, Terri Murray, a senior vice president and real estate services manager with BB&T, said the company no longer requires that much space and…