Marsh buys land for mixed-use project tied to redevelopment of Strawberry Hill

Marsh Properties has purchased a 2.65-acre property at the intersection of Providence and Sardis roads for a project that is expected to tie in with a larger redevelopment of the Strawberry Hill shopping center. Marsh recently bought the land, located at the northeast corner of the intersection of Providence, Sardis and Fairview roads, for $3.1 million. The property, home to a BB&T bank branch, was rezoned late last year for a mixed-use project with up to 35,000 square feet of commercial space in…

Looking at the Charlotte market’s foreclosure activity

Residential foreclosure activity in the Charlotte market was improved in December from the same time a year ago — but didn't budge from the previous month, according to the latest figures from CoreLogic Inc. The foreclosure rate in the Charlotte-Concord-Gastonia metro area was 0.9 percent in December. That was down from 1.5 percent a year earlier, but unchanged from the November figure posted by the Irvine, Calif.-based data firm. The local rate is still better than the national foreclosure rate…