PayPal considering Charlotte for East Coast operations center

Digital payments company PayPal Holdings Inc. is considering Charlotte for an East Coast operations center. Martha Cass, director of corporate communications with PayPal, says Charlotte is one of several cities the company is considering for the center, but the company has nothing to announce at this time. According to real estate sources, PayPal has indicated that it would require at least 200,000 square feet of office space for the operations center. The digital payments company has looked at…

BB+M hires new director of interiors, lands Major League Soccer deal

BB+M Architecture has hired a new director of interiors and has landed a contract with Major League Soccer. The design firm recently hired Carrie Renegar as director of interiors. Renegar, formerly a senior design leader with M. Moser Associates in New York, started her design career in Charlotte and will be leading day-to-day strategy and creative direction for the interior-design team. Renegar had a relationship with Major League Soccer and brought that to BB+M, which has since been awarded a…

Crescent closes on purchase of uptown parcel for Whole Foods-anchored development

Crescent Communities has closed on its purchase of a 3.6-acre site in uptown Charlotte where the firm is planning a mixed-use development that will be anchored by a Whole Foods Market. The city agreed to sell the parcel to Crescent last year for $10.3 million. The property is located at the intersection of East Stonewall and South Caldwell streets and is part of a 5.4-acre assemblage where Crescent is planning its Stonewall Station project, which will include a Whole Foods Market, 450 apartment…

Albemarle Corp. finalizes headquarters lease at Capitol Towers in SouthPark

Albemarle Corp. has finalized the lease for its corporate headquarters in SouthPark. The specialty chemicals company has signed a lease for 47,060 square feet at Capitol Towers, the new office development by Lincoln Harris. The CBJ reported in September that the company was negotiating a lease at the project, which is bordered by Congress Street and Carnegie Boulevard, behind Piedmont Town Center. Albemarle Corp. announced this summer that it would relocate to Charlotte in 2016, creating 120 jobs…

Levine Properties hires new director of construction and development

Levine Properties has hired David Smith as director of construction and development. Smith most recently worked with multifamily firm Northwood Ravin, where he focused on development projects including renovations to The Vue in uptown Charlotte. He will oversee retail, multifamily and mixed-use projects at Levine. “David’s energy and expertise in creating and overseeing destination resorts, multifamily residential and retail ventures will add immediate value to our growing project portfolio,”…

Developers discuss big projects coming to Providence and I-485 (SLIDESHOW)

The developers who are reshaping more than 300 acres near the Interstate 485 interchange at Providence Road spoke about their projects this morning at a sold-out CREQ Live event at UNC Charlotte’s center city building. Representatives from Childress Klein, Crescent Communities, Crosland Southeast and Lincoln Harris discussed three mixed-use projects coming to the area: Waverly, Rea Farms and Crescent Providence Farm. The developments will ultimately total 900,000 square feet of office space, half…

California real estate firm buys industrial park for $57 million

A California real estate investment and development firm has purchased Woodland Business Park for nearly $57 million and has hired Avison Young to market and lease the property. Evergreen Industrial Properties, based in Oakland, Calif., recently purchased the park for $56.9 million from Dallas-based Crow Holdings. Crow Holdings purchased the park in 2011 for $43 million. Located off interstate 85 on Starita Road and Woodpark Boulevard, Woodland’s 12 buildings total 944,403 square feet of light…

Wyoming firm buys two industrial buildings in southwest Charlotte for $4.7 million

Hipp Investments, a firm based in Jackson, Wyo., has purchased Maplecrest Industrial Center in southwest Charlotte for $4.7 million. The property on Westinghouse Boulevard consists of two industrial buildings totaling 63,200 square feet. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield represented the seller, Ziff Properties, a real estate firm based in Charleston, S.C. “Maplecrest Industrial Center is perfectly designed for small-bay warehouse users who have become so prevalent…

Lincoln Harris and Cato Corp. partnering on huge mixed-use project in Fort Mill

A joint venture between Lincoln Harris and The Cato Corp. has filed a rezoning request with York County to allow a mixed-use development in Fort Mill that would include 4 million square feet of office space, 100,000 square feet of retail space, 300 residential units and a 150-room hotel. The site, which includes the former Charlotte Knights baseball stadium property, lies along Interstate 77 and stretches south from Gold Hill Road. Cato, a women’s clothing retailer based in Charlotte, began assembling…

Steve Gassaway says Cushman brand makes Charlotte office “a lot more competitive”

Steve Gassaway, market leader for Cushman & Wakefield in Charlotte, says the local office is excited about operating under the Cushman brand. In September, DTZ’s $2 billion acquisition of Cushman closed, creating one of the world’s largest real estate services firms with 43,000 employees and $5 billion in revenue. The new company dropped the DTZ name in favor of the Cushman brand. “I think our people are very excited,” Gassaway says. “A lot of these folks started with Colliers Pinkard,…