South End apartment complex sells for $28 million

A New York real estate investment firm has bought the 153-unit Park and Kingston apartment complex in South End for $27.85 million. Bluerock Real Estate purchased the development this month from an affiliate of Marsh Properties. Marsh developed the complex with Merrifield Patrick Vermillion and Jud Little behind a commercial strip in South End that includes well-known eatery Price’s Chicken Coop. When the developers announced the project in early 2012, they said the development's cost was approximately…

Charlotte City Club looking at planned uptown towers as it considers a move

The Charlotte City Club is talking with developers about potentially taking space in a new tower in uptown Charlotte as it weighs a move out of the 121 West Trade Street building. The club has been located at 121 West Trade since 1990, and it may stay put in the 31-story office tower at Trade and Tryon streets, where it occupies the top two floors and has a lease that runs through 2020. “We’re just exploring various opportunities at this stage,” says John Scharer, general manager. “Certainly…