Terwilliger Pappas planning new apartment complex in South End

Apartment development firm Terwilliger Pappas is evaluating a 3.5-acre site at the corner of South Boulevard and Remount Road in Charlotte's South End for a new multifamily complex. The land at the corner of South and Remount is owned by a limited liability company called Cherokee Southline that is managed by Pappas Properties. Both Terwilliger Pappas and Pappas Properties are headed by developer Peter Pappas. A Terwilliger Pappas spokesman says the development plans have been accelerated by the…

10 Ways to Raise Your Credit Score 100 Points in 2015

(TNS)—It’s important to get your credit score as high as possible if you want to qualify for the best loans and credit. Many lenders don’t even look at your credit report; they stop at your credit score. FICO credit scores range between 350 and 850, with 850 being the very best score you can get. […]

Update: New buyer purchases Coliseum Center on East Independence for $5.8 million

Here's an update to a story I wrote a year ago about Coliseum Center, the largely vacant retail center located on East Independence Boulevard: The downtrodden property has a new owner, but it's not the Texas firm that had it under contract back in February 2014. Last year, FMOC, a Texas real estate investment firm, was under contract to buy the 218,000-square-foot Coliseum Center property and was planning $15 million in renovations for the center, including a new facade, new roofs, exterior lighting,…

Charlotte’s apartment vacancy rate increases to 5.1% in fourth quarter

Charlotte's apartment vacancy rate increased to 5.1% during the fourth quarter, up from 4.9% in the third quarter and 4.6% a year earlier, according to commercial real estate research firm Reis Inc. It's the first time the local vacancy rate has risen above 5% since the end of 2012, according to the firm's data. At the end of 2012, the local vacancy rate stood at 5.3%, but it dropped below 5% for all of 2013 and through the first three quarters of 2014. Nationally, the average vacancy rate was…