Two Charlotte apartment properties have sold for nearly $40 million:
• White Point Partners, a real estate investment firm based in Charlotte, acquired the 202-unit Tryon Park at Rivergate complex for $27.7 million. The property is in the Steele Creek area, near the intersection of South Tryon Street and Steele Creek Road.
White Point specializes in the acquisition, development and repositioning of multifamily, retail and self-storage real estate properties throughout the South.
The seller,…Two Charlotte apartment complexes sell for nearly $40 million
Two Charlotte apartment properties have sold for nearly $40 million:
• White Point Partners, a real estate investment firm based in Charlotte, acquired the 202-unit Tryon Park at Rivergate complex for $27.7 million. The property is in the Steele Creek area, near the intersection of South Tryon Street and Steele Creek Road.
White Point specializes in the acquisition, development and repositioning of multifamily, retail and self-storage real estate properties throughout the South.
The seller,…
Still struggling to improve its operations, Campus Crest Communities Inc. (NYSE:CCG) is retaining management consulting firm Alvarez & Marsal North America and has placed two executives from that company at the helm.
Campus Crest's board has approved the appointment of David Coles as interim chief executive and John Makuch as chief financial officer. Both men are managing directors for Alvarez & Marsal, and will be filling roles left vacant after the resignation of the Charlotte company's CEO and…
This week Charlotte Center City Partners honored developer and architect David Furman with a 2015 Vision Award for his contributions in making uptown Charlotte a more vibrant place to live.
Furman, a Charlotte native, moved back home after graduating from N.C. State and began working for architect Reg Narmour. Furman started his own firm, David Furman Architecture, in 1980 and later co-founded residential firm The Boulevard Co. with Chris Branch. In 1999, Furman started his own development firm,…
Big news in Charlotte’s brokerage community: Barry Fabyan, head of office leasing at The Bissell Cos., is leaving the company after 18 years to join JLL, where he will lead that firm’s office leasing team with Charley Leavitt.
Fabyan joined Bissell in 1997 after playing golf professionally and oversaw leasing at Ballantyne Corporate Park, the company's 4.3 million-square-foot south Charlotte office park, and Bissell’s SouthPark office properties.
Fabyan has negotiated a host of major corporate…
Tight inventory of homes for sale in the Charlotte market has been noted month after month in reports on local sale activity and housing prices. But a report posted Thursday by online real estate brokerage Redfin contends that shortage is even worse than it looks.
After examining 50 markets nationwide to see if fresh housing inventory is growing, Redfin reached the conclusion that buyers in many cities face a bleak picture — and perhaps more so in Charlotte than in other markets.
The number of…
Last night at the site of its planned Tryon Place development uptown, Crescent Communities hosted an event designed to spark a community conversation about how to make Charlotte a better city, and executives expressed hope that the office and hotel project could be a catalyst toward that end.
The event, called “Skyline Charlotte,” was held at the repainted Goodyear auto service center on South Tryon. It was the first in a planned Skyline series in which Crescent will invite members of the community…
Duck Donuts will start serving its made-to-order donuts in Dilworth this summer.
The goal is to open the 1,500-square-foot shop in July, says franchisee Scott Plassman.
The eatery will be located next to Dolce Ristorante in the Kenilworth Commons on East Boulevard.
Shopping center owner Edens is “very excited about (Duck Donuts) as it is a good add to the center and a pretty popular concept new to the market,” Lyle Darnall, managing director with Edens, writes in an email.
The donut concept…
The Charlotte School of Law has more space than it needs uptown. So the for-profit law school has listed two of its floors for sublease in the Charlotte Plaza tower.
The 12th and 13th floors of the building total more than 49,000 square feet.
The law school leased 10 floors totaling about 250,000 square at Charlotte Plaza in 2012. Dallas Bragg, senior director of marketing, says the school intentionally leased extra space at the time to accommodate future growth, but it will not need the floors…
Ed O’Keefe, deputy general counsel and global legal operations executive at Bank of America Corp., is leaving the company (NYSE:BAC) to join Moore & Van Allen.
O’Keefe, who was general counsel at the bank from 2009 to 2012, will join the law firm’s litigation practice group next month.
“It’s an honor to welcome Ed to Moore & Van Allen,” Ernie Reigel, chairman of Moore & Van Allen, said in a news release. “He is a highly distinguished member of the financial and legal community and…