Cortland Partners, the Atlanta real estate firm that recently purchased nine apartment properties in Charlotte for $274 million, plans to open an office here in the spring.
The office will initially have eight to 10 employees and will be headed by Lou Davis, a director of investments with Cortland. Davis says he is finalizing a lease for space in uptown.
Cortland purchased nine complexes last month totaling 3,265 units and is planning renovations at the properties such as new granite countertops,…In wake of big real estate deal, Atlanta firm to open Charlotte office
Cortland Partners, the Atlanta real estate firm that recently purchased nine apartment properties in Charlotte for $274 million, plans to open an office here in the spring.
The office will initially have eight to 10 employees and will be headed by Lou Davis, a director of investments with Cortland. Davis says he is finalizing a lease for space in uptown.
Cortland purchased nine complexes last month totaling 3,265 units and is planning renovations at the properties such as new granite countertops,…
Cortland Partners, a real estate investment firm based in Atlanta, has acquired nine Charlotte apartment complexes totaling 3,265 units for $273.9 million.
The acquisition, which closed this month, included eight properties sold by McDowell Properties, a multifamily company based in Dallas, and one sold by Laramar Group, a Chicago-based real estate investment firm.
Cortland Partners owns more than 30,000 apartment units, according to its website. A Cortland executive could not be reached for comment.
The…
Crescent Communities has filed a rezoning petition to allow for the development of a mixed-use project on nearly 7 acres in Charlotte's NoDa neighborhood, at the intersection of the proposed Lynx Blue Line extension and East 36th Street.
The project would include residential and commercial uses, according to a site plan filed with the city. The property is on the west side of East 36th Street between Cullman Avenue and North Davidson Street, at the planned 36th Street station for the light-rail…
Executives at Parkway Properties Inc. said during a recent earnings call they decided to sell the 525 North Tryon building in uptown Charlotte because they believe Bank of America Corp., which occupies about half of the building, will renew its lease there at a below-market rate.
The Orlando, Fla.-based real estate investment trust (NYSE:PKY) also disclosed that The Hearst Corp. has renewed its lease for 138,000 square feet at the Hearst Tower, extending its lease term at the uptown office building…
Planning and design consulting firm Kimley-Horn and Associates Inc. is in the market for approximately 15,000 square feet of office space in Charlotte and is targeting uptown and midtown for a new location.
The Raleigh-based firm's Charlotte operation currently occupies a full floor at the Atherton Mill complex at the intersection of South Boulevard and Tremont Avenue in South End.
Keith Bell of Mohr Partners is representing Kimley-Horn in its search. Kimley-Horn has more than 2,000 employees in…
DPJ Residential, a Charlotte firm focused on boutique apartment developments, will start construction soon on a four-story, 77-unit apartment complex on Freedom Drive. And it also is planning a 105-unit project in Plaza-Midwood and a 100-unit development at the N.C. Music Factory.
DPJ, headed by Porter Jones, is teaming with real estate investment firm Chaucer Creek Capital on the Freedom Drive project. That development, called Asbury Flats, is planned for a 1.7-acre site near the intersection of…
The Charlotte Region Commercial Board of Realtors held its annual Deal Makers awards luncheon today at Myers Park Country Club, recognizing commercial real estate brokers who individually accumulated transactions totaling more than $2 million in 2014 in the office, industrial, investment, land and retail sectors.
For the 2014 competition, CRCBR members submitted 3,570 transactions worth a combined $2.4 billion.
"In five years we've gone from the worst of times to the best of times," said Steve…
Exeter Property Group is marketing a site in Charlotte's University City for a planned 250,000-square-foot office development called Creekside Corporate Center. And the Pennsylvania real estate investment firm expects to break ground in the next two weeks on a speculative 110,000-square-foot industrial building in Pineville, near the intersection of Westinghouse Boulevard and Interstate 485.
Exeter has an option to purchase roughly 40 acres in University City at the intersection of David Taylor…
The owner of a 66-acre tract of land adjacent to the Waverly development in south Charlotte is marketing the property as a potential mixed-use development site featuring uses such as office, retail, apartments and townhomes.
The land, located to the north and east of the Waverly site, is controlled by the Bahakel family, which also owns more than 210 acres that border Waverly to the south and east.
John Culbertston of Cardinal Real Estate Partners, who is marketing the 66-acre parcel, says that…
Technekes, a business-to-business marketing firm, has leased the historic Grinnell Co. building at 1431 W. Morehead St. in Charlotte and plans to relocate to the 30,000-square-foot property this summer.
Technekes currently leases space at 1927 S. Tryon St. and plans to consolidate its Charlotte and Research Triangle Park offices, relocating about 120 employees to the Grinnell building, says Eric Laster, CEO of general contractor Edifice, who owns the property.
Laster purchased the then-unfinished…