Two Sales First Taste Of Blue Line-Driven Activity In University City
University City kicked off the new year on a high note, with the trading of both a major office property and a retail center. Deals of that kind are taking advantage of a growth market that's anticipating the opening of the Blue Line extension later this year.
The 259k SF Mallard Creek Center in University City recently traded hands for nearly $20M. "The university submarket has become one of the strongest in Charlotte throughout the last few years, and we're pleased to see continued regional investment," said…
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Spotlight On University City
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5 Biggest Trends In CPM Member And Candidate Compensation In 2016
The commercial real estate industry is home to a varied array of compensation. This July, IREM conducted a study on trends in the salaries of CPM Members and Candidates across the United States and Canada in 2016. The following are five of the most intriguing discoveries.
1) Factors Determining Bonus or Commission
Those surveyed who received a commission or bonus were asked to report all elements used to determine the specific amount paid. The company's overall financial performance was listed as the most common factor, with 52% of CPM Members and 38% of CPM…
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Grinnell Water Works, Early Example Of Creative Office, Fetches Nearly $12M
Northridge Capital acquired one of Charlotte's more distinctive office properties, Grinnell Water Works in Midtown, for $11.8M. The 52k SF building was built in 1930 and renovated in 2001. The historic brick-and-beam structure was originally a manufacturing facility, but redeveloped into…
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Apartment Rents Declined The Most In These Cities Last Year
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Genpak Buys Former International Paper Building In Steele Creek
Food and beverage container maker Genpak inked a deal to buy the 333k SF former International Paper Corp building in Westlake Business Commons, at 10601 Westlake Drive, for about $15.8M. The company will use about 67k SF of the building…
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Shuttering Frenzy: These Retailers Are Bringing In The New Year On A Low Note
The retail industry is already taking a major hit this year, with several retailers announcing massive closures and layoffs within the first few weeks of the year. These closures are leaving behind a glut of empty space that is exacerbating problems for developers and investors in the retail real estate game. Take a look at some of the biggest closures of 2017.
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