Pollack Shores Optimistic About South End Apartment Market
Charlotte's apartment boom has gone on so long now that new product is a little trickier than even this time last year. But developers are not discouraged, at least those who foresee continued demand in submarkets like the South End.
"There's a lot of momentum and growth in Charlotte's South End,” said Palmer McArthur, development manager at Pollack Shores Real Estate Group, which recently unveiled plans for a 350-unit apartment development at 327 and 349 Tremont Ave. “We anticipate continued…
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Bank Of America Reups At 525 North Tryon
In the first big lease of '17 for Uptown, Bank of America inked a deal to stay in 194k SF in 525 North Tryon, where the company is the largest tenant. “The North Tryon corridor continues to be an attractive…
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Headhunters Sign Lease For Dog-Friendly Uptown Space
Search Solution Group inked a lease for 16k SF on the third floor of the Cedar Hill Building at 800 West Hill St. in Uptown, roughly tripling the size of the recruiting and executive search firm's operations in Charlotte, which…
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The Trump Effect Could Encourage More Real Estate Execs To Enter Politics
If Donald Trump's election proved anything to Peebles Corp founder Don Peebles, it is that Americans value business leadership over political experience. So for someone who has successfully managed a portfolio of billions of dollars in commercial real estate, a city with an $80B budget should be just as easy.
Peebles is still mulling a run for New York City mayor in an attempt to unseat incumbent Bill de Blasio in the Democratic primary. He is just one of a handful of commercial real estate executives across the country who are eyeing…
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Experiential Retailers Still Eager For Brick-And-Mortar Locations
So far, you can't order a smoothie for quick delivery from Amazon. That means novelty food and other experiential retailers are still leasing space in new retail developments. At the RedStone retail development in Indian Land, MPV Properties recently bagged…
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Office Occupiers: Companies Are Investing In These 4 Things To Appeal To Young Professionals
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The Real Estate Behind The World's Largest Sovereign Wealth Funds: Abu Dhabi Investment Authority
The world's largest sovereign wealth funds have been moving deeper into real estate. This is especially true of the third-largest sovereign fund in the world, managed by the Abu Dhabi Investment Authority. The fund manages $792B in assets, nearly 10% of which are real estate holdings. The Wall Street Journal reports the fund has about $50B worth of real estate spread across 41 countries. While ADIA is notoriously secretive, below are five of the largest purchases it has made in the last few years.
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