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Top Three Submarkets for Multifamily Construction
Charlotte is experiencing its largest supply wave of market-rate apartments in the past two decades. In the 18 multifamily submarkets that make up Charlotte, more than 14,000 units are under construction, representing 9.1 percent of inventory. But about...

Aviation Institute of Maintenance Subleases Former Walmart Neighborhood Market in Independence Square
The Aviation Institute of Maintenance subleased a 51,000-square-foot space once occupied by a Walmart Neighborhood Market within the Independence Square shopping center in Charlotte, NC. While an exact date for when the aviation maintenance school...

Asheville Among Fastest Growing Multifamily Markets in the Carolinas
Pictured: The Patton, located at 248 Patton Ave. in Asheville, NC. Construction on the 117-unit apartment complex is slated to be completed this June, according to CoStar data. Often considered one of the Carolina’s fastest growing metros, Asheville...

Charlotte's First Food Hall Brings Home the Bacon
Paces Properties, the developer that created Atlanta’s Krog Street Market, just landed a $40 million construction loan for a large adaptive reuse project that will house Charlotte, NC's first food hall. BridgeInvest, a provider of short-term, senior...

Charlotte Office Primed For Corporate Relocations and Expansions
Recruiting and retention has become a focal point for growing companies - and having a well-located, high-quality office space gives employers a competitive advantage to attract workforce talent. That is a major reason why tenants continue to show a preference...

Mesirow Financial Closes On 216-Unit Apt. Buy in Charlotte
Chicago-based Mesirow Financial acquired the 216-unit The Enclave at Rivergate apartment complex in Charlotte, NC from Irvine, CA-based Passco Cos. for an undisclosed price. Built in 2009, The Enclave at Rivergate offers a mix of one-, two- and three...

The Transit Factor in Amazon's HQ2 Selection Reflects Transportation's Growing Economic Development Clout
Pictured: 101 Main St. in Cambridge, MA, a 341,000-square-foot office property occupied by Amazon.In cities across America, weary locals have long complained that strained transportation networks were failing to keep pace with the rush of new development...

Michigan Distributor Leases 80,000 SF in Charlotte
The Macomb Group, a wholesale distributor of pipe, valves and fittings, has leased 80,000 square feet of industrial space at Steele Creek Commerce Park at 4715 Entrance Dr. in Charlotte, NC. Totaling more than 560,000 square feet, Steele Creek Commerce...

Shorenstein Backing Atco in Creative Adaptive Reuse Project in Charlotte
Shorenstein Properties LLC, a national real estate investment fund manager based in San Francisco, has agreed to team up with New York-based Atco Properties & Management as a capital partner to undertake an adaptive reuse project within Camp North End...

New Construction Having Impact on Charlotte’s Apartment Rents
Looking for some free rent on an apartment? There are bargains to be had in neighborhoods that are seeing record levels of apartment construction, such as the South End, NoDa and Uptown. With concession levels at a three-year high, discounts on a new...

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