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Apartment construction worth $5 billion statewide

The apartment industry and its residents annually contribute $20.3 billion to Charlotte’s economy, according to a study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC). The apartment industry supports 88,132 jobs in Charlotte as well as resident spending in excess of $17.1 billion. New construction contributes $2 billion, and renovation […]

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Warrior Dash business failure presents obstacle for Rural Hill

Forbes magazine’s 18th “most promising” company in 2015 has taken a fatal spill, leaving a local non-profit out more than $30,000. Chicago-based Red Frog Events owes Rural Hill Inc., the non-profit entity that operates and works to preserve the historic farm in Huntersville, more than $30,000 from the Warrior Dash that was held there in […]

Georgia, USA

Charlotte home prices still climbing as much of the country slows down

By Dave Yochum.  The rate of home-price increases fell in June to the lowest level in nearly seven years, according to the latest Case-Shiller Home Price Index from S&P Down Jones Indices and CoreLogic. June 2019 saw an annual increase of 3.1 percent for home prices nationwide, falling from  the previous month’s 3.3 percent gain. […]

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Carvana: On the road to Concord

Aug. 29. Carvana, the e-commerce platform for buying and selling used cars, officially announced plans to open a $30 million inspection and reconditioning facility in the old Philip Morris plant in Concord. Over the course of a dozen years, the Carvana investment is expected to grow the state economy by half a billion dollars and […]

Book Review: Building a StoryBrand

Run your marketing message through Donald Miller’s framework to create a superstar narrative. His approach casts your brand in the fundamentally human language of a story. He offers a sharp, clear process for finding a story to tell about your product or service that centers on your customer as the hero – not on your […]

Rendering of the food truck plaza

Alexander Farms build-out worth over $110 million

By Dave Yochum. A mixed-use project planned for the last undeveloped farm on the west side of I-77 in Cornelius will resemble Birkdale, but with a twist. The residential component of Alexander Farms will target active adults—even oldsters—with a hip mix of amenities, including a food truck plaza, senior housing options, retail and restaurants—as well […]

Rick Eveson is new EVP at Aquesta

Rick Eveson is the new executive vice president, chief operations and compliance officer at Cornelius-based Aquesta Bank. Eveson, who has led Aquesta’s consumer lending business for the past six years, will be responsible for oversight of all regulatory compliance risks as well as deposit, IT and loan operations. A graduate of State University of New […]

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Record visitor spending across NC in 2018

Aug. 15. Tourism spending in North Carolina rose to $25.3 billion last year, a record. The data, which comes from an annual study commissioned by Visit North Carolina, has Mecklenburg County once again at the top, with $5.68 billion in visitor spending last year, up 5.6 percent from 2017. Domestic visitors spent a record $25.3 […]

Blueharbor bank reports gains in second quarter

Mooresville-based blueharbor bank reported second-quarter net income rose 8% to $698,480 compared to $647,933 earned during the second quarter of 2018.  For the six months ended June 30, net income was $1.29 million, up 6% from the first half of 2018. CEO Jim Marshall net income growth for the second quarter of 2019 was driven […]

Jamie and Emily Rolewicz

20 units sold in project that taps demand for ultra luxury condos

By Dave Yochum.  Some residential projects are game-changers. River Run comes to mind, as well as The Peninsula. These are residential projects that brought an entirely new level of amenities—and price—to the market back in the day. The Watermark condominium project just off West Catawba is another one. With pricing ranging upwards from $800,000 per […]

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