Grubb Properties to renovate, rename 330 S. Tryon building for Charlotte Chamber

Grubb Properties plans to renovate and rename the 330 South Tryon building in uptown Charlotte for the Charlotte Chamber, creating a new space for the organization that will feature a glass front facade and large digital screens that will be visible from the street. The building will be known as the Charlotte Chamber building. The Charlotte Business Journal reported earlier this year that Grubb Properties was working with the chamber on renovations at the building in an effort to retain the organization…

Chip Olsen returning to Charlotte as senior vice president with CBRE

Chip Olsen is returning to the Charlotte office of CBRE Group Inc. as a senior vice president on the firm's brokerage team. Olsen will step down from his current position as a senior managing director at CBRE's Baltimore office and will focus on tenant representation in Charlotte, specifically growing CBRE's middle-market and account-based business. Olsen previously worked in Charlotte with the Trammell Crow Co., leading the corporate-services business in the Carolinas in the mid-2000s. Olsen spent…

Mortgage firm Pacific Union Financial opens Charlotte office, leases floor in SouthPark

Pacific Union Financial, a mortgage banker based in Irving, Texas, has opened a Charlotte office, leasing a floor totaling approximately 16,000 square feet at the Fairview Plaza office complex in SouthPark. The company moved into the space at 5970 Fairview Road this month. Pacific Union is licensed to originate and service residential mortgage loans in 46 states and employs more than 600 mortgage professionals in offices in Texas, California, Arizona and Virginia, according to its website. For…

City Center Inn to come down on Dec. 10 with demolition party

The developers of the SkyHouse Uptown apartment tower are planning to tear down the City Center Inn on Dec. 10 and will be celebrating with a "motel demolition party." Grubb Properties, Novare Group and Batson Cook Construction are sponsoring the event with neighborhood association Friends of Fourth Ward, Charlotte Center City Partners and Parkway Properties, which owns the 525 North Tryon office building across Ninth Street from the motel. Atlanta-based Novare, Grubb and Batson Cook recently purchased…

U.S. Bank expands at Hearst Tower, leasing 35th floor

U.S. Bank has leased the 35th floor of the Hearst Tower in uptown Charlotte, expanding its space at the building by nearly 24,000 square feet. The expansion comes as U.S. Bank has steadily added to its head count here. U.S. Bank now has more than 300 employees in Charlotte, up from about 200 less than three years ago. Most bankers work in fixed income, capital markets and corporate banking and various support roles. "We've had some nice growth," says executive vice-president Jim Kelligrew, one…

Piedmont Natural Gas expands by 7,206 square feet at SouthPark headquarters

Piedmont Natural Gas Co. Inc. (NYSE:PNY) has leased an additional 7,206 square feet at the One Piedmont Town Center building in Charlotte's SouthPark area. The expansion brings the natural gas provider's footprint to 140,000 square feet at the 212,462-square-foot building, which is part of the Piedmont Town Center mixed-use development. Campbell Walker of Lincoln Harris represented the landlord, an affiliate of Principal Financial Group, and Jubal Early, also of Lincoln Harris, represented the…

Crescent and Levine both planning apartment-hotel combos, a first for Charlotte

Two development firms are planning a mix of uses that would be a first in Charlotte: combining hotel rooms with apartment units in a single building. Yesterday, at the Charlotte Business Journal's CREQ Live event, Brian Leary, president of commercial and mixed-use at Crescent Communities, said the Charlotte development firm is looking at building 75 to 100 rental units on top of a planned 300- to 400-room hotel at its proposed Tryon Place development on South Tryon Street. "We'd also like to have…

SkyHouse developers purchase site for second apartment tower in uptown Charlotte

A second SkyHouse apartment tower is on the way for uptown Charlotte. The developers of the SkyHouse Uptown apartment tower have purchased the City Center Inn property — bordered by North Tryon, Ninth and North Church streets — for $8.6 million and have secured a $44.9 million construction loan from Compass Bank, according to real estate records. Novare says the hotel will be demolished before the end of the year, and construction of the second tower will likely start in 2015. "We are pleased…

Zapata to add 35 jobs over two years as it partners with Ohio firm

Architectural and engineering firm Zapata plans to add 35 jobs over the next two years as it pursues new commercial work as well as state and municipal transportation contracts. Zapata has formed a partnership with LJB Inc., a Dayton, Ohio-based engineering design firm, to pursue transportation contracts in North Carolina. Zapata and LJB have worked together on federal contracts for about four years and recently formed a new company, Zapata-LJB, to pursue the transportation work. Zapata has long…

Levine Properties to start construction on Plaza-Midwood apartment complex

Levine Properties plans to start construction early next month on a 105-unit apartment complex in the Plaza-Midwood neighborhood, a development that is part of a growing multifamily portfolio for the Charlotte real estate firm, which recently purchased a 473-unit complex in south Charlotte for $50.5 million. The Plaza-Midwood project will be on a 1.2-acre site at the corner of Commonwealth Avenue and St. Julien Street, within walking distance of the neighborhood's restaurants and bars, and is expected…