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Ferncroft Capital Pays $45M for SouthPark Retail Asset

Ferncroft Capital Pays $45M for SouthPark Retail Asset

By Eliza Theiss, Associated Editor Charlotte-headquartered private real estate firm Ferncroft Capital recently acquired the 131,000-square-foot Morrison retail property in Charlotte’s affluent SouthPark submarket for $44.9 million. Located at the intersection of Sharon Road and Colony Road, a significant commercial artery of SouthPark and overall Charlotte and the Southeast, the…

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Spectrum Properties to Build LEED Gold Office Tower in Uptown Charlotte

Spectrum Properties to Build LEED Gold Office Tower in Uptown Charlotte

Charlotte’s Uptown is getting a new office high-rise, announced Cornerstone Real Estate Advisers.…

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Vision Ventures, Mount Vernon Sells EpiCentre to CIM Group for $130.5M

Vision Ventures, Mount Vernon Sells EpiCentre to CIM Group for $130.5M

HFF announced closing the sale of The EpiCenter a 305,147-square-foot mixed-use entertainment in Charlotte’s city center.…

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NorthMarq Brokers $2.7M Acquisition Financing; HFF Arranges Infill Retail Asset Sales

NorthMarq Brokers $2.7M Acquisition Financing; HFF Arranges Infill Retail Asset Sales

NorthMarq Capital’s Charlotte-based regional office vice president Kevin Jenkins has arranged the $2.17 million acquisition of Northlake Plaza, the company announced.…

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Welcome Hotels Purchases Comfort Inn for $3.35M from Chapter 11 Trustee

Welcome Hotels Purchases Comfort Inn for $3.35M from Chapter 11 Trustee

MBA Hotel Brokers, Inc. has announced the sale of the 153-key Comfort Inn Carowinds in Fort Mill, South Carolina, in the Charlotte metro area.…

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Metro Charlotte Sees Growth in Spec Developments

Metro Charlotte Sees Growth in Spec Developments

Metro Charlotte is experiencing a growing trend of speculative developments of late.…

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Terwilliger Pappas Breaks Ground on 184-Unit Solis Dilworth

Terwilliger Pappas Breaks Ground on 184-Unit Solis Dilworth

Terwilliger Pappas Multifamily Partners has broken ground on Charlotte’s newest apartment community, the 184-unit Solis Dilworth.…

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FelCors Sells Charlotte Hotel for $37M

FelCors Sells Charlotte Hotel for $37M

FelCor Lodging Trust Incorporated has announced entering into a $37 million sales agreement with an undisclosed buyer for the 208-key Doubletree Suites Hotel Charlotte – SouthPark as part of its portfolio repositioning plan.…

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1,200-acre Berewick Expands with Single Family and Retail

1,200-acre Berewick Expands with Single Family and Retail

Pappas Properties, the company behind the 1,200-acre master-planned Berewick community has teamed up with Lennar Corporation for a 68-acre expansion to the Southwest Charlotte community…

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Crescent Communities HQ Goes LEED Silver ; Cassidy Turley Brokers Office Lease and M-U Sale

Crescent Communities HQ Goes LEED Silver ; Cassidy Turley Brokers Office Lease and M-U Sale

Crescent Communities, a diversified real estate investment, development and operating company focused on creating sustainable communities has announced the LEED Silver certification for its renovated corporate headquarters in Charlotte.…

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Canyon and NRP Partner Up for 298-Unit Apartment Project in South End

Canyon and NRP Partner Up for 298-Unit Apartment Project in South End

Canyon Capital Realty Advisors LLC (Canyon Realty), the real estate direct investing arm of Canyon Partners LLC, has teamed up with NRP Group LLC in the development of a 298-unit apartment project in Charlotte’s South End, providing $12 million in preferred equity for the project.…

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Liberty Property Trust Renews 196KSF Industrial Leases in Charlotte

Liberty Property Trust Renews 196KSF Industrial Leases in Charlotte

Liberty Property Trust, an $8.4 billion office and industrial property REIT, has announced renewing multiple leases across its Charlotte portfolio, keeping its occupancy steady 99 percent.…

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