Real Estate

This category contains 116 posts
Jackie Huffman and Ken Joyner answer questions at the Reval Newsmakers Breakfast

Commercial property values hurtle upward in Meck County

By Debbie Griffin.  Valuations of some Mecklenburg County commercial properties have soared—some considerably more than the average of 77 percent for commercial property, which includes apartments. The median increase for residential properties is 43 percent. Some new valuations are at or near doubling from prior valuations: • Publix at Magnolia Plaza: $22.3 million from $11.97 […]

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Cornelius builder on HGTV Friday

Jan. 31. Catch a local home on national TV, thanks to Cornelius-based Meeting Street Homes and HGTV. A house built and decorated by Meeting Street will be featured on “My Lottery Dream Home” Friday at 9 pm. “We are big fans of HGTV so it was an honor to get a call from the show,” […]

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Meck property revals coming in: Some commercial up 60 percent since 2011

Jan. 24. The last few years have been awesome from a property owner’s point of view; their homes are worth considerably more. How much more is becoming apparent today as the new Mecklenburg County tax values come online. One lakefront property in The Peninsula in Cornelius, with around 5,000 square feet of living area, climbed […]

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New valuations: Ringing in the new year with a loud gong

Jan. 9. By Dave Yochum.  The go-go housing market has been great news for sellers in Lake Norman for years. But now, for owners, the tax man cometh.  Quickly appreciating values, up 5 percent from October of 2017 to October of 2018, according to Case-Shiller, will be reflected in new valuations coming from Mecklenburg County […]

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AvidXchange investing $41 million in Charlotte HQ

Dec. 17. AvidXchange, the accounts payable and payment automation company, will expand its Charlotte headquarters, creating 1,229 jobs. The fintech company, an industry leader in automating invoice and payment processes for mid-market companies, will invest $41 million in Mecklenburg County. Salaries for the new positions will average $68,569, which is higher than the current Mecklenburg County […]

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SPRiZZi Bev-Co. moving into old Michael Waltrip facility

Dec. 11. SPRiZZi Bev-Co. will move into the former Michael Waltrip Racing building on Liverpool, bringing a potential of 250 new jobs to Cornelius. The company, which makes the SPRiZZi Drink Machine, plans to upfit the 118,000 square foot facility which began life as Movies at the Lake and years later transitioned to a race shop and […]

Rowan-Cabarrus Community College acquires acreage in Concord

Rowan-Cabarrus Community College has purchased two parcels of land totaling 16.44 acres near the South Campus in Concord from Crown Court. The additional acreage will accommodate the growth in Cabarrus County and the College’s future over the next three decades. “The College has long recognized the need to keep pace with the growing needs of […]

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Allen Tate Cos. and Howard Hanna Real Estate join forces

Sept. 20. Allen Tate Cos. and Howard Hanna Real Estate Services, the largest family-owned real estate company in the nation, have formed a new joint venture with ownership interests from both companies. Allen Tate, established in 1957, is the fourth-largest private, family owned firm in the country. “This union brings together first-rate real estate professionals […]

North Harbor Club ​looking to expand banquet facilities in Davidson

The owner of the North Harbor Club in Davidson, one of​ a handful of ​lake​front​ eateries, ​is​ considering an expansion plan which would renovate and enlarge their kitchen and also provide larger banquet facilities in an adjacent building. ​Entrepreneur Sid Morris, the owner of The Lake Norman Co., said a new North Harbor Club banquet […]

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CLT home appreciation about the same as inflation over long-term

By Dave Yochum.  David Blitzer, the managing director and chair of the Index Committee at S&P Dow Jones Indices, says the Charlotte housing market will continue to benefit from net in-migration. “You are picking up a fair amount of higher-end employment,” he said in an exclusive interview with Business Today. It likely means slow but […]

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