Developer: Uptown condo tower would be first of two residential buildings

The developer working on a new condo tower in uptown Charlotte says it would be the first of two residential buildings he’s planning for a site on Brevard Street. Greg Rudolph, head of Boston-based RTG Holdings, says a 28-story, 180-unit condo tower would be the first phase of his planned development for a 1.7-acre site at the corner of Brevard and Fourth streets. The second building would either be apartments or condos, depending upon market conditions, he says. The first tower, which I wrote…

Bank of America to move hundreds of real estate employees to CBRE and JLL

As Bank of America Corp. (NYSE:BAC) outsources more work to CBRE and JLL, the world’s two largest real estate services firms, hundreds of employees within the bank’s corporate real estate group will also be moving over to those companies. The move will affect a few hundred employees within the bank’s corporate workplace group, spokeswoman Jennifer Darwin says. The majority of those employees will be offered positions at CBRE (NYSE:CBG) or JLL Inc. (NYSE:JLL), depending upon their location.…

Bank of America hires JLL to manage its commercial real estate in Southeast

Bank of America Corp. (NYSE:BAC) has hired JLL (NYSE:JLL) to handle all corporate real estate services for its commercial real estate portfolio in the Southeast, including Charlotte. Charlotte real estate firm Lincoln Harris has been handling the work, which includes property management and leasing, for years. The account includes office space and bank branches across the Southeast. Executives with Lincoln Harris said last year the account totaled approximately 26 million square feet of commercial…

Apartment developer makes $13.3 million upset bid for uptown site

The city of Charlotte has received an upset bid for an uptown parcel where Pollack Shores Real Estate Group had planned to build an apartment and hotel development. Apartment development firm Camden USA Inc. has agreed to pay $13.3 million for the 3.76-acre parcel at the intersection of Caldwell and Stonewall streets. Tony Korolos, director of the city’s real estate division, says Camden plans to build an apartment complex at least eight stories tall and is considering some retail space as well. Before…

Developer planning condo tower in uptown Charlotte

A Boston-based developer is planning to build the first new condo tower in uptown Charlotte since the recession, a 28-story building on Brevard Street. RTG Holdings, headed by Greg Rudolph, is the developer working on the project, which would be constructed at the corner of Brevard and Fourth streets, on the same block as the Hyatt Place hotel and Skye condo building. The proposed building, called 1 Brevard, would feature ground-floor retail fronting Brevard Street and a section of Fourth Street…

Merger of DTZ and Cushman could reunite former colleagues in Charlotte

The pending $2 billion acquisition of real estate services firm Cushman & Wakefield by DTZ could reunite some former colleagues in Charlotte. Italian investment firm Exor announced Monday that it had entered into an agreement to sell Cushman to DTZ. The deal is expected to close before the end of the year, and the combined company will have more than 43,000 employees and operate under the Cushman & Wakefield brand. Brett White, executive chairman of DTZ, will serve as chairman and CEO of the combined…

Rising demand driving home prices higher in Charlotte area

Home sales in the Charlotte region climbed 14 percent in April from a year earlier, according to the Charlotte Regional Realtor Association. The association reported Friday that Carolina Multiple Listing Service figures show 3,408 homes were sold in the region last month, up from 2,989 sold in April 2014. The average sales price in April was $241,176, up 8.6 percent from a year earlier, while the median sales price was $190,000 — also an increase of 8.6 percent. Pending sales for the month totaled…

Crescent planning 72-acre mixed-use development on Providence Road

Crescent Communities is planning a mixed-use community with residential units, a hotel and commercial space on 72 acres on Providence Road in south Charlotte, next to the Waverly development. The Charlotte real estate firm has filed a rezoning application for the land, which is on the east side of Providence Road, just south of Interstate 485. The rezoning would allow Crescent to develop up to 30,000 square feet of office, retail or other commercial space; a hotel with up to 150 rooms; and up to…

Charlotte real estate firm agrees to buy uptown site, plans apartment complex

An affiliate of Charlotte real estate firm RED Partners has agreed to purchase a 2-acre city-owned parcel between South Boulevard, East Morehead Street and Interstate 277 for $4.1 million. The company plans to build an apartment complex with ground-floor retail space at the site, one of five surplus right-of-way parcels the city acquired from the N.C. Department of Transportation in connection with modifications to the I-277/South Caldwell Street interchange. Paul Bell, a principal with RED Partners,…

Kimley-Horn leases space in uptown office building

Planning and design consulting firm Kimley-Horn and Associates Inc. has leased the second floor of the 200 South Tryon building in uptown Charlotte, a deal totaling 22,500 square feet. The firm’s Charlotte office plans to relocate this summer from its current space at the Atherton Mill complex in South End. Vacancy at the 200 South Tryon building has dropped to approximately 36 percent. Earlier this year, Mythic Advertising leased the ninth floor, and Charlotte Center City Partners renewed and…