Wood Partners starts construction on Charlotte apartment complex

Multifamily development firm Wood Partners has started construction on Alta Berewick, a 266-unit apartment complex to be built on 16 acres in the Steele Creek area. The site is located at the intersection of Dixie River Road and Shopton Road, adjacent to the Berewick residential development and across Dixie River Road from Charlotte Premium Outlets. Wood Partners purchased the property earlier this year for $3.12 million from a company controlled by Peter Pappas, head of Pappas Properties, which…

Wood Partners starts construction on Charlotte apartment complex

Multifamily development firm Wood Partners has started construction on Alta Berewick, a 266-unit apartment complex to be built on 16 acres in the Steele Creek area.

The site is located at the intersection of Dixie River Road and Shopton Road, adjacent to the Berewick residential development and across Dixie River Road from Charlotte Premium Outlets. Wood Partners purchased the property earlier this year for $3.12 million from a company controlled by Peter Pappas, head of Pappas Properties, which…

Wood Partners starts construction on Charlotte apartment complex

Multifamily development firm Wood Partners has started construction on Alta Berewick, a 266-unit apartment complex to be built on 16 acres in the Steele Creek area.

The site is located at the intersection of Dixie River Road and Shopton Road, adjacent to the Berewick residential development and across Dixie River Road from Charlotte Premium Outlets. Wood Partners purchased the property earlier this year for $3.12 million from a company controlled by Peter Pappas, head of Pappas Properties, which…

Charlotte home sales heat up in May, prices still rising

Home sales in the Charlotte region soared 20.4 percent in May from a year earlier, according to the Charlotte Regional Realtor Association. The association reported Tuesday that Carolina Multiple Listing Service figures show 3,845 homes were sold in the region last month, up from 3,193 sold in May 2014. On a month-to-month basis, sales were up 12.8 percent from April, and the annual growth figure in May outpaced that in the previous month. The average sales price in May was $245,197, up 4.2 percent…

Charlotte home sales heat up in May, prices still rising

Home sales in the Charlotte region soared 20.4 percent in May from a year earlier, according to the Charlotte Regional Realtor Association.

The association reported Tuesday that Carolina Multiple Listing Service figures show 3,845 homes were sold in the region last month, up from 3,193 sold in May 2014.

On a month-to-month basis, sales were up 12.8 percent from April, and the annual growth figure in May outpaced that in the previous month.

The average sales price in May was $245,197, up 4.2 percent…