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Charlotte


Bank of America Offices Up For Sale; Charlotte Multifamily on the Rise

Bank of America Offices Up For Sale; Charlotte Multifamily on the Rise

By Amalia Otet, Associate Editor Charlotte-based Bank of America recently announced plans to sell its interest in Hearst Tower and Fifth Third Center, two of the largest office towers in the Queen City, and a third building in New York, 222 [...]…

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$30-million Residential Community Planned for Queen City; Wake Forest Celebrates Opening of Uptown Campus

$30-million Residential Community Planned for Queen City; Wake Forest Celebrates Opening of Uptown Campus

By Amalia Otet, Associate Editor Orlando, Fla.-based Global Growth Trust Inc., a real estate investment trust focused on building a portfolio of real estate and real estate-related assets in the United States and abroad, recently announced plans to enter the Charlotte [...]…

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Laurel Street Residential Aquires Crosland’s Multi-family Affordable Housing Division

Laurel Street Residential Aquires Crosland’s Multi-family Affordable Housing Division

By Amalia Otet, Associate Editor Laurel Street Residential has purchased the multi-family affordable housing development division from Crosland, LLC for an undisclosed price, according to MHN online. Charlotte-based Crosland, LLC had decided in 2011 to divest its operating divisions and focus mainly [...]…

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Turner Construction to Occupy Space in SouthPark; Ballantyne Development Moves Forward

Turner Construction to Occupy Space in SouthPark; Ballantyne Development Moves Forward

By Amalia Otet, Associate Editor Turner Construction Company plans to relocate from its current location at 5955 Carnegie Boulevard to the Roxborough Building in Charlotte’s SouthPark neighborhood, in which it will occupy 20,022 square feet on the fourth floor. Built in [...]…

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Campus Crest Acquires Two Student-Housing Projects; Cureton Town Center Sold for $13.9M

Campus Crest Acquires Two Student-Housing Projects; Cureton Town Center Sold for $13.9M

By Amalia Otet, Associate Editor Campus Crest Communities Inc., a leading developer, builder and manager of purpose-built student housing under The Grove brand, recently announced it has closed on the purchase of the remaining 50.1 percent interests in The Grove at [...]…

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Chiquita gives huge boost to Charlotte office market

Chiquita gives huge boost to Charlotte office market

By Amalia Otet, Associate Editor After having recently decided to move its corporate headquarters from Cincinnati, Ohio to the Queen City, Chiquita Brands International Inc. announced plans to occupy five or six floors of the 20-story NASCAR Plaza in uptown Charlotte [...]…

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Westdale Investment Partners, Cortland Partners Invest in Charlotte Multifamily

Westdale Investment Partners, Cortland Partners Invest in Charlotte Multifamily

By Amalia Otet, Associate Editor Cassidy Turley became the receiver of a 746,337-square-foot portfolio of flex properties in Charlotte. The 12-building portfolio is owned by Islandia Charlotte, an affiliate of Calif.-based Greenstein Asset Management, a company that recently went into foreclosure after [...]…

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Chiquita to Relocate to Queen City; UNC Charlotte to Break Ground on $37M Facility

Chiquita to Relocate to Queen City; UNC Charlotte to Break Ground on $37M Facility

By Amalia Otet, Associate Editor Chiquita Brands International Inc ., a leading international marketer and distributor of food products, recently announced plans to relocate its corporate headquarters to Charlotte, from the company’s current location in Cincinnati. After months of lobbying and meetings, [...]…

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Siemens Energy Unveils New Manufacturing Plant in Charlotte

Siemens Energy Unveils New Manufacturing Plant in Charlotte

By Amalia Otet, Associate Editor Siemens Energy unveiled its new 450,000-square-foot Gas Turbine production plant in Charlotte, during an official opening ceremony held on Nov. 16, as reported by the Charlotte Observer. Siemens broke ground on the expansion of its 700-worker steam [...]…

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Carolinas HealthCare System Wins State Approval for $33M Hospital in Huntersville

Carolinas HealthCare System Wins State Approval for $33M Hospital in Huntersville

By Amalia Otet, Associate Editor While the economy is still sluggish, the housing market is showing signs of a rebound. The Charlotte metropolitan area is currently seeing an improvement in home sales; according to a report released by the Charlotte Regional [...]…

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Campus Crest Communities Unveils $156.8M Construction Pipeline

Campus Crest Communities Unveils $156.8M Construction Pipeline

By Amalia Otet, Associate Editor Campus Crest Communities, a leading developer, builder and manager of purpose-built student housing under The Grove brand, recently made public a $156.8 million construction pipeline, to encompass 1,282 student housing apartments. Campus Crest Communities owns interests [...]…

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Renovations Underway at Quail Corners Shopping Center

Renovations Underway at Quail Corners Shopping Center

By Amalia Otet, Associate Editor Crosland Southeast, a real estate firm focused on the acquisition and development of retail and multi-use projects, started working on the much-awaited rehabilitation of the Quail Corners Shopping Center. Located at the intersection of Park Road, Gleneagles [...]…

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