Charlotte Motor Speedway has sold land near its famous track in Concord, North Carolina, to the Hendrick Motorsports racing team, the Charlotte Business Journal reported. An entity connected to Hendrick purchased the 20-acre site at 7001 Bruton Smith Blvd. in Concord’s…
Charlotte’s small business scene has had notable economic fallout from a series of immigration sweeps by the U.S. Border Patrol across the city last week, according to Charlotte Business Journal. The dayslong immigration crackdown, known as Operation Charlotte’s Web, interrupted local…
A 24-story office building in Charlotte has changed hands. Highwoods Properties Inc. acquired 6Hundred at Legacy Union, a 411K SF office tower in Charlotte, from Lincoln Property Co. for $230M, according to Charlotte Business Journal, citing Mecklenburg County property records. …
While the construction pipeline in Charlotte has encountered some hurdles, with vacancy remaining high and deals slowing, there’s still a positive outlook for the multifamily and build-to-rent markets. A growing population, a robust job market and increased demand for rentals have…
After a multistate search, an emerging automotive manufacturer has landed on Charlotte for its corporate home. A 1968 Scout truck Scout Motors announced Wednesday it has selected Charlotte for its new headquarters. Scout will invest $206M in the 300K SF facility, which…
What do a multifamily community in Florida, a Class-A retail center in Alexandria, Virginia, and a large mixed-use parcel outside of Austin have in common? Those three developments are representative of the diverse investment opportunities in the top commercial real…
Real estate investors hoping to lessen their tax burdens next year are putting the pedal to the metal in a race to buy gas stations. Since 100% bonus depreciation became law in July, gas station, convenience store and car wash…
Charlotte’s commercial real estate market is showing reasons for optimism, thanks in no small part to the area’s robust job market. Among the 14 metropolitan areas with a population of more than 1 million people, Charlotte recorded the highest employment growth —…
An Atlanta firm run by former Jamestown executives has acquired a landmark portfolio along the Atlanta BeltLine Eastside Trail. Asana Partners sold Krog Street Market, part of the Krog District. 26th Street Partners purchased The Krog District, a 180K SF…
Despite the uncertainty in the U.S. economy, commercial real estate remains largely resilient. The multifamily, retail and industrial sectors are all strong, and there are several strong investment opportunities in these markets, as well as in workforce housing, office and more. …
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