Texas firm buys south Charlotte office buildings for $23 million

CapRidge Partners, a commercial real estate firm based in Austin, Texas, has purchased the Carmel Park office park in south Charlotte for $23 million. The two buildings total 170,128 square feet and are located near the intersection of Carmel Road and Pineville-Matthews Road, behind the Carmel Commons shopping center. The buildings are 80% leased to tenants including Pulte Group, Gentiva Health Services, M3 Engineering and Commercial Defeasance, LLC. It’s the first acquisition in Charlotte for…

Charlotte fund buys Raleigh medical office building for $7 million

A real estate investment fund managed by Brackett Flagship Properties of Charlotte has made its fourth investment in the Triangle region in as many months. Brackett Flagship's Flagship Healthcare Real Estate Fund has paid $6.9 million for the three-story Wesvill Medical & Professional Building at 2304 Wesvill Court, across from Rex Hospital in west Raleigh, according to county documents. The fund had already acquired the 29,000-square-foot Triangle Medical Center building on Ashville Avenue in Cary…

Consumer Confidence Hikes in August

Despite the August increase in overall confidence, respondents’ appraisals of current conditions and expectations for the next six months were mixed. While 82 percent of respondents rated current business conditions “good” (23 percent) or “normal” (59 percent), 56 percent of respondents characterized employment conditions as “jobs not so plentiful.” The remaining 44 percent were split […]

Market Shifts to Buyers’ Advantage

Recent stock market volatility and seasonal trends may give buyers better financial options and more time to make purchase decisions entering the fall, says Jonathan Smoke, chief economist for realtor.com. August data remains positive with regard to overall housing health as both demand and supply continue to grow. According to realtor.com®’s ‘Advance Read of August Trends,’ which […]