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…
The Kroger Co. is pulling back from developing a network of automated e-commerce fulfillment centers and will instead focus on expanding its brick-and-mortar grocery store network. The grocery chain announced it would close three of its eight robotics-powered fulfillment centers. The centers…
The York County Council in South Carolina voted Tuesday to approve a tax incentive deal to bring a Costco distribution center to Rock Hill near Charlotte, according to The Herald. During the third and final reading of the ordinance and after hours…
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…
Another high-end retail outlet in Charlotte will carry the Simon brand. Simon Property Group has acquired the Phillips Place mall in the SouthPark neighborhood of Charlotte, according to a press release. Phillips Place is a 134K SF, mixed-use, open-air retail center…
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…
Despite steady rent growth, a deep pool of educated renters and one of the smallest construction pipelines in the country, Chicago’s multifamily market is being held back by one thing. Institutional capital needs to catch up. Local and private investors…
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…
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