Charlotte Real Estate News
Hotel business to move headquarters to Charlotte
Thursday, Mar. 31, 2011
HVM of Spartanburg to create 170 jobs, invest $3.6 million in building.
HVM, which manages Extended Stay Hotels across the U.S. and Canada, is moving its headquarters to Charlotte.
The company, which has been based in Spartanburg, S.C., will create 170 jobs during the next three years and invest $3.6 million into its new building.
Incorporated in 1997, HVM has managed Extended Stay Hotels since the 2004 merger of Extended Stay America Inc. and Homestead Studio Suites. HVM manages 33 hotel facilities in North Carolina, with 438 current full- and part-time employees....
Read more: charlotteobserver.com
Deadline looms to appeal your home's new Mecklenburg County tax value
Wednesday, March. 23, 2011
The deadline to appeal your home’s new Mecklenburg County tax value is March 29.
Filing your appeal: You can mail, email or fax your appeal. Emails and fax appeals must be in by March 10. If you mail your appeal, it must have a U.S. Postal Service postmark that’s no later than March 10, according to the Mecklenburg assessor’s office. If your appeal is mailed in after the deadline and has a postmark from a private postal machine, it will not be accepted.
Read more: charlotteobserver.com
Two-story Harris Teeter headed to Myers Park, Eastover
Thursday, March. 17, 2011
Harris Teeter announced today that it plans to expand the Harris Teeter Express at the corner of Providence and Queens into a two-story, 42,000 square feet store with a larger selection of groceries.
"Harris Teeter's current store at 1015 Providence Road was built by its landlord over 60 years ago and is a very small store that limits the variety and selection the company offers at its other locations," the company said in a statement. The store was originally an A&P grocery store when it was constructed in 1938.
Read more: charlotteobserver.com
NGK to expand Mooresville plant, add 60 jobs
Tuesday, Feb. 30, 2011
MOORESVILLE NGK Ceramics, which makes ceramic honeycomb for catalytic converters in cars, announced this morning that it will invest $43 million to expand its Mooresville plant and add 60 jobs.
The company employs about 430 full-time workers at its more than 400,000-square-foot plant in the South Iredell Industrial Park, where it's been since 1988. NGK is one of the top five employers in Iredell County.
Read more: charlotteobserver.com - mooresville plant
N.C. foreclosure sales drop 42%
Wednesday, November 24, 2010
The recent decision by major banks to halt residential foreclosures while they checked the legality of their procedures helped cut foreclosure sales in North Carolina by 42 percent in October.
Nationally, foreclosure sales declined 35 percent last month, according to Jacksonville, Fla.-based Lender Processing Services Inc.
In addition to reducing foreclosure sales, the firm says the “moratoria contributed to further timeline extensions, as the average number of days past delinquent for loans in the foreclosure process approaches 500.”
Read more: N.C. foreclosure sales drop 42% | Charlotte Business Journal
Facebook to invest $450M in Rutherford County
Thursday, November 11, 2010
Social-networking service Facebook will invest $450 million in a data center near Forest City in Rutherford County.
The site is expected to create more than 250 jobs during its 18-month construction, N.C. Gov. Bev Perdue says in a prepared statement.
Read more: Facebook to invest $450M in Rutherford County | Charlotte Business Journal
Boutique condo project making debut in uptown Charlotte
Saturday, October 16, 2010
Five years in the making, a boutique condo project in uptown Charlotte will make its official debut tomorrow evening.
The Madison, a 26-unit condo project between the Hampton Inn and Hilton Garden Inn on East Martin Luther King Jr. Boulevard, plans to debut with a charitable donation to Speedway Children’s Charities and Victory Junction, according to a press release.
The project features one- and two-bedroom units from 1,700 to 3,500 square feet. It is owned by an affiliate of Gastonia-based Smith Enterprises. The company owns eight hotels in the Charlotte region, including the properties on either side of the Madison.
Read more: Boutique condo project making debut in uptown Charlotte | Charlotte Business Journal
McColl bullish on future for city and its 'rich uncles'
Saturday, Sep. 11, 2010
Former Bank of America Corp. chief executive Hugh McColl Jr. on Friday painted an optimistic picture of Charlotte's future and upgraded his outlook for its two big banks.
As the financial crisis shook Bank of America and led to the sale of Wachovia, McColl was fond of saying the city's two "rich uncles" had died and that the city needed to learn to do without them...
Fewer jobless claims, higher exports boost U.S. outlook
Friday, Sep. 10, 2010
WASHINGTON The number of people who filed new claims for unemployment benefits fell in the latest week, reversing a recent run-up that stoked concerns of a weakening jobs market.
Also Thursday, the Commerce Department reported that the U.S. trade deficit dropped sharply in July as exports rose, a positive indicator.
Celgard to break ground on Concord plant
Thursday, Sep. 02, 2010
CONCORD Celgard LLC will hold a groundbreaking at 10 this morning for its 150,000-square-foot manufacturing plant in International Business Park.
The company, a wholly owned subsidiary of Polypore International Inc., is a leading supplier of "microporous separators" used in lithium-ion batteries.
Celgard plans to begin building the plant later this year.
The plant will enable Celgard to expand its separator production capacity to support increased demand in the electric-drive vehicle market, company officials said recently.
Obama administration to provide $3B in housing aid
Wednesday August 11, 2010
WASHINGTON (AP) -- The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.
The Treasury Department said Wednesday it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs.
Fed, Citing Slowdown, to Buy U.S. Debt
Tuesday August 10, 2010
WASHINGTON — Acknowledging that the recovery has slowed, the Federal Reserve on Tuesday announced that it would use the proceeds from its huge mortgage-bond portfolio to buy long-term Treasury securities.
By buying government debt, the Fed is taking an unmistakable step to maintain the large amount of money that it pumped into the economy, starting in 2007, to prop up the financial and housing markets....
NoDa buildings may be bid out
Monday, August 2, 2010
The city’s housing and neighborhood development committee approved a bid process to sell two former mill buildings in the North Davidson district.
The committee had been considering a proposal from a partnership of developer Jim Sari and The Bainbridge Cos. that offered $600,000 for the buildings. The Sari-Bainbridge proposal called for 20% of the units at the Johnston and Mecklenburg mills buildings to target lower-income tenants...
Mortgage rates fall for sixth straight week
Thursday, July 29, 2010
Long-term mortgage rates fell for the sixth straight week this week.
Freddie Mac (OTC:FMCC) says the average rate on a 30-year fixed-rate mortgage was 4.54 percent in the week ending July 29. A 15-year fixed-rate mortgage fell to 4 percent. Those are the lowest rates since Freddie Mac began keeping track...
Annexation to give Charlotte modest bump
Thursday, June 24, 2010
Charlotte is set to be a bigger city in 2011 — by 2,434 acres and about 4,100 residents.The city has begun work on annexing three unincorporated areas in Mecklenburg County. They are:
•Rhyne, a 289-acre area north of Mount Holly-Huntersville Road near the Interstate 485 interchange that includes the Cedar Mill community.
•Whitehall, a 665-acre development southwest of the city that includes parts of the Whitehall and Renaissance Center business parks and the Villas at Laurel and Carrington Place communities.
•Camp Stewart South, a 1,480-acre area east of the city along Albemarle and Harrisburg roads that includes Lamplighter Village, Cedarbrook and Woodbury communities, J.H. Gunn Elementary School and the Wilgrove airport.
The three areas total 3.8 square miles. They’re much smaller than the areas annexed in 2009, which totaled 11 square miles and 18,500 residents. Charlotte Business Journal
Carolinas' jobless rate drops again in May
Saturday, Jun. 19, 2010
The unemployment rate in the Carolinas dropped again last month to the lowest levels in at least a year, but the recovery still has a long way to go.
In May, North Carolina's unemployment rate was 10.3 percent, the N.C. Employment Security Commission reported Friday. That was down from 10.8 percent in April, but still above the national average. Charlotte Observer
Tax breaks for N.C. businesses closer to passage
Friday, Jun. 18, 2010
Tax breaks for airlines, NASCAR race teams and paper factories drew barely a mention, but a $300 million bundle of business sweeteners drew opposition Thursday to subsidizing the salaries of movie stars.
Still, attempts to trim the collection of inducements for business and job growth failed before the state House tentatively approved the legislation 76-28. A final House vote is expected Monday.
The incentives package also includes breaks meant to attract two computer data centers, an energy turbine manufacturer and a plant converting wood pulp to paper. If all of the unnamed companies moved into the state, they would combine for more than 1,500 jobs and nearly $2 billion in investment, lawmakers said. Charlotte Observer
