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…
Speaking on a panel this week, Charlotte real estate developers said they see plenty of room for growth before the next economic downturn. But they remain concerned about North Carolina’s lack of action on economic-development incentives.
The panelists spoke about the state of the commercial real estate market at the Interface Carolinas conference Wednesday at the Charlotte Convention Center.
Just prior to the panel discussion, Wells Fargo economist Mark Vitner, using a baseball analogy, said…
Dimensional Fund Advisors, an investment firm based in Austin, Texas, is eyeing Charlotte for an East Coast operation, and the company is working with real estate firm Cousins Properties Inc. on a build-to-suit office project that could total more than 100,000 square feet, according to real estate sources.
DFA is considering Charlotte for a hub that could grow to several hundred employees over time, sources say, and it is in talks to lease a couple of floors at the Fifth Third Center building uptown,…
Trinity Capital Advisors and its joint-venture partners are listing the six-building Toringdon office park in south Charlotte for sale.
The development on Johnston Road at Interstate 485 totals 519,602 square feet and is owned by a joint venture that includes Trinity, Stockbridge Capital Group and Madison International Realty.
Toringdon is approximately 88% occupied, and the Charlotte office of investment sales firm HFF will begin marketing the park for sale later this month. An undeveloped 4-acre…