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North Carolina Real Estate Industry News

Caddis Healthcare Real Estate Is Thriving on Complexity

04/16/2018 Caddis Healthcare Real Estate is making a name for itself in senior housing ... and has buildings under contract in Greensboro, North Carolina, and Surprise, Arizona. In 2011, Caddis invested in a senior housing project called Orchard Park in Murphy ...

Interluxe to Offer Spectacular Charlotte Estate through Online Auction

04/09/2018 CHARLOTTE, N.C., April 9, 2018 /PRNewswire/ -- Charlotte, North Carolina's prestigious Seven Eagles community ... In this elegant setting, a contemporary 8-bedroom estate offers a pool, spa, basketball court and many more ways to play.

Howard Hanna Opening Office on Outer Banks of North Carolina

04/09/2018 Howard Hanna Real Estate Services has announced that, in the coming weeks, it is opening an office on the Outer Banks of North Carolina. The office, led by Managing Broker Karen Ritenour, boasts two local teams: the Siers Team (Michael Siers, Stacy Siers ...

Housing market improving, but foreclosures still rampant

03/31/2018 There’s light at the end of the tunnel when it comes to real estate, however. Vary said the market is improving, and in New Bern specifically, she’s seen the average sale price increase. Getting help The North Carolina Foreclosure Prevention Fund ...

BBX Capital Real Estate and Stiles Joint Venture Complete the Sale of a Building at PGA Station in Palm Beach Gardens, FL

03/29/2018 FORT LAUDERDALE, FL--(Marketwired - March 29, 2018) - BBX Capital Corporation (NYSE: BBX) ("BBX Capital" or "BBX") announced today that BBX Capital Real Estate ... has a development office in Charlotte, North Carolina. Stiles is responsible for more ...

In NC, occupational licensing is excessive

04/09/2018 Occupational licensing is a prime example — and a particularly costly one in North Carolina. Government regulation of a profession ... pet-shop operators, real-estate appraisers, and taxidermists. It is certainly understandable if consumers of these ...

Saïd Business School launches Future of Real Estate Initiative

04/09/2018 Saïd Business School, University of Oxford has launched the Oxford Future of Real Estate Initiative to research and ... professor at the Kenan-Flagler Business School, University of North Carolina, USA, and was appointed Visiting Professor of Management ...

Atlanta-based Audubon Communities makes first foray into North Carolina with $38M acquisition

04/09/2018 An Atlanta-based real estate company has made its first foray into North Carolina with the $38.2 million acquisition of an old Durham apartment complex. Audubon Communities has purchased the Oak Creek Village community off Durham-Chapel Hill Boulevard and ...

Former U.S. Army sniper and two other ex-American soldiers 'agreed to become contract killers for an international crime boss who wanted to settle a score with a real estate agent'

04/03/2018 A former U.S. Army sniper and two other ex-American soldiers agreed to become contract killers for an international crime boss who wanted to settle a score with a real estate agent ... from their homes in Roxboro, North Carolina, to the Philippines for ...

7 Reits (Paying Up To 8%) With Big Dividend Raises Coming

04/07/2018 Maryland and Research Triangle Park in North Carolina. Like American Tower, Alexandria Real Estate is sitting on a growth geyser, with the company building its top line by 22.4% to $1.1 billion in 2017. Same-property net operating income grew 3.1% year ...

The Best High-Yield REITs To Target In April (VNQ)

04/07/2018 Maryland and Research Triangle Park in North Carolina. Like American Tower, Alexandria Real Estate is sitting on a growth geyser, with the company building its top line by 22.4% to $1.1 billion in 2017. Same-property net operating income grew 3.1% year ...

Strategic Storage Growth Trust, Inc. Opens New Self Storage Facility in Asheville, North Carolina

04/05/2018 ASHEVILLE, N.C., April 5, 2018 /PRNewswire/ -- Strategic Storage Growth Trust, Inc. (SSGT), a public non-traded real estate investment trust ... located at 3173 Sweeten Creek Road in Asheville, North Carolina. "We are pleased to open this new, self ...

Downtown lunch staple Annies to close; Real estate firm snaps up key stretch of Congress Ave.

04/03/2018 Asana Partners is a real estate investment firm, with a specialty in retail. One of its co-founders and managing partners, Terry Brown, was previously CEO of Edens Investment Trust, which owns more than 120 retail centers nationwide. In its North Carolina ...

3 accused of taking appliances from North Carolina homes

03/23/2018 ROCKY MOUNT, N.C. (AP) - Three people have been arrested and charged with stealing kitchen appliances from empty homes in North Carolina. The Rocky Mount Telegram reports home owners are real estate agents are being warned to be careful when posting photos ...

Two Triad real estate firms rank among nation's top 500 largest brokers in 2017

03/30/2018 Two Triad real estate firms made the REAL Trends 500 largest residential ... only a few minutes away from the Central N.C. office. North Carolina, especially Raleigh and Charlotte, was well-represented in the Top 500. Allen Tate Cos. of Charlotte ranked ...

NC Supreme Court Allows Brokers’ Fair Market Value Testimony

03/30/2018 The North Carolina Supreme Court has held that real estate brokers may legally testify regarding the fair market value of real property in condemnation cases. In NCDOT v. Mission Battleground Leasco, LLC, the condemnee attempted to offer the testimony of a ...

Cumberland County lags as NC population booms

03/28/2018 While North Carolina’s population jumped by 7.3 percent between July ... We think it’s a good thing,” Farrell said. Real Estate Agent Danny Thompson of Coldwell Banker Advantage settled in a house in Hoke County in 2004. “When I moved out here ...

Gloria Jean's Brewing Up Growth in North Carolina

03/28/2018 Gloria Jean’s Coffees is bringing its flair for flavor to the vibrant central region of North Carolina, with plans to expand the ... commercial and residential real estate, and government infrastructure development. The company has earned numerous ...

10 Federal Opens 5-Story Self-Storage Facility in Raleigh, NC

03/27/2018 Diversified real estate firm 10 Federal has opened a new location in ... develops and manages multi-family and self-storage properties in North Carolina. It now has 11 self-storage facilities in its portfolio. Integrating technology into its operation ...

Central Pa. real estate firm switches over to Howard Hanna

03/27/2018 Howard Hanna was founded in 1957 by Howard and Anne Hanna in Pittsburgh and says it is the largest third real estate company in the United States with 262 offices throughout Pennsylvania, Ohio, New York, Michigan, Virginia, North Carolina, West Virginia ...

Off the Market: Charlotte Real Estate's Low Inventory Explained

03/26/2018 A steady stream of cars with Ohio and Wisconsin and North Carolina plates parks and leaves at 15-minute intervals on either side of the street. It’s open house day in Medford Acres, and real estate agent Dana Jodice has had a busy day showing potential ...

Millennials are ready to buy homes in Raleigh, but the struggle is real

03/23/2018 Raleigh, N.C. — The Triangle's real estate market is hot ... Brittani Procknow, 25, moved to North Carolina a few years ago and is ready to put down roots. "I was like, you know what, it's a great investment. It's something that I want, and after ...

Bluerock Value Exchange Sells North Carolina DST (1031-Exchange) Investment Property

03/15/2018 NEW YORK, March 15, 2018 /PRNewswire/ -- Bluerock Value Exchange (BVEX) announced the sale of Alamance Reserve, a 240-unit apartment community located in in Burlington, North Carolina ... capacity across nearly all real estate sectors and the ability ...

South Carolina Pays Less Real Estate Taxes Than Most of the United States

03/17/2018 Greenville News reports that South Carolina residents pay less real estate taxes than most of the United ... and a $1,200 tax at the 6% rate. North Carolina residents pay a similar tax, but the lack of toll roads also equates to savings.

N.C. Supreme Court Holds Real Estate Brokers May Testify on the Issue of Fair Market Value

03/14/2018 In its decision in North Carolina Department of Transportation v. Mission Battleground Park Leaseco, LLC et al. the court, on March 2, 2018, held that the trial court had improperly excluded the testimony of a commercial real estate broker regarding the ...

Real estate agent’s fitness side gig takes second helping

03/12/2018 A local real estate agent is putting boots on the ground in Chesterfield ... which he opened as a side gig in 2016 while an agent at Keller Williams. A chain based out of North Carolina, Burn Boot Camp caters to women with 45-minute classes featuring ...

Vesper Holdings Expands NC Student Housing Portfolio With New Acquisition

03/12/2018 NEW YORK, March 12, 2018 /PRNewswire/ -- Vesper Holdings ("Vesper"), a privately-held real estate investment firm based in New York City, is pleased to announce the acquisition of Campus Crossing located near the University of North Carolina at Greensboro.

North Carolina National Guard Armory Transfers to the Town of Woodland

02/28/2018 The Woodland Armory was divested from the North Carolina National Guard through a reversion process through the State Real Estate Office, The Council of State, and back to the original deed holder.

Virginia Beach's real estate assessor enjoys working on the "front lines" with citizens

03/01/2018 Agnor was appointed city real estate assessor on Jan. 9 ... and the impact of our vast geographic size running north along the ocean and the bay from North Carolina. It’s challenging, but our staff is up to the task and as a team makes it look routine ...

North Carolina Acts as Lovely Stand-In for Missouri in 'Three Billboards Outside Ebbing'

03/01/2018 Spend Talladega Nights in Ricky Bobby's $4.2M North Carolina Mansion All the Homes That Are Fit to Film: Real Estate Stars of 'The Post' Score NBA Champion Steph Curry's North Carolina Home for $1.5M And Sylva (population of 2,644) is capitalizing on its ...

AREAA Announces Co-Chairs of Global + Luxury Real Estate Summit

02/14/2018 Miller has an exceptionally well-rounded background in real estate, with experience in luxury residential development and acquisitions in Chicago, New York, Florida, North Carolina and Denver. She led the grand opening and consumer marketing of ...

Montecito Medical Ranked #1 Privately Held Buyer of Medical Real Estate for Second Consecutive Year

02/27/2018 North Carolina, area), Virginia Urology (Virginia Beach, Virginia, area) and Ogden Clinic (Ogden, Utah). Since 2005, the company has completed $2.33 billion in medical real estate transactions totaling more than six million square feet. Montecito has more ...

Real Estate Group Of The Year: Simpson Thacher

02/09/2018 Law360 (February 8, 2018, 5:18 PM EST) -- In the past year, Simpson Thacher & Bartlett LLP’s real estate group guided deals worth ... square-foot Ballantyne Corporate Park in Charlotte, North Carolina. The seller had developed and owned the property ...

NC Retirement Systems Returns 13.5% in 2017

02/08/2018 North Carolina Retirement Systems’ pension plan reported gains ... while its multi-strategy portfolio rose 13.6% for the year. Non-core real estate and private equity gained 12.4% and 12.0%, respectively, while inflation-sensitive and diversifier ...

These NC Housing Markets Among Most Competitive In U.S.: Study

01/26/2018 While it's well known that California is home to some of the most competitive housing markets in the U.S., several North Carolina cities are also among the top real estate markets in the U.S. when it comes to competition among buyers. According to a study ...

Bahrain sovereign fund partners with Sentinel in US real estate

02/06/2018 Bahrain Mumtalakat Holding Company (Mumtalakat), Bahrain’s sovereign wealth fund has acquired the office campus in Raleigh-Durham, North Carolina, in a joint venture with New York investment manager Sentinel Real Estate Investment Corporation (Sentinel).

NC's $1.6B incentive offer to Toyota-Mazda filled with perks

02/07/2018 State of NC $100,000 Site Preparation Real Estate - Land Conveyance Site will be conveyed to end user at no cost. North Carolina Railroad, Randolph County and Greensboro Megasite Foundation $48,000,000 Site Preparation Site Infrastructure Development Fund ...

Costello Real Estate to surpass 100 brokers, opens Raleigh, launches studio and partners with Giveback Homes

02/06/2018 Costello REI propels into 2018 with a team of 100+, an increase from 20 a year ago, establishing the agency as one of the fastest growing brokerages in North Carolina CHARLOTTE, N.C., Feb. 6, 2018 /PRNewswire/ -- Costello Real Estate has reached a ...

Wilmington NC - 2017 Real Estate Review

02/06/2018 Are Coastal Winds Blowing in Improved Home Sales? 2017 vs. 2016 Real Estate Report for Wilmington, NC Positioned along the beautiful North Carolina coastline, Wilmington is unique among its neighboring municipalities. As a port city, it serves as the main ...

Prudent Growth Partners Acquires 110-Unit Apartment Community in Eastern North Carolina Market

02/06/2018 TARBORO, NC - Prudent Growth Partners, a real estate investment company based in Chapel Hill, NC, has made its first acquisition in the eastern part of North Carolina. Georgetowne Apartments, a 110-unit apartment community located in Tarboro, NC ...