Real Estate

Developers say now is the right time for more rentals

Friday, February 10th, 2012, 6:37pm

CHARLOTTE, NC (WBTV) - Anyone in the market for an apartment in Charlotte can tell you, it's not so easy to find one.

Monthly rent payments are on the rise and many complexes have filled up.

However, there are some signs that could change.

Stuart Proffitt and Wyatt Dixon say they're tapping into the convenience factor with the new, 208 unit, luxury, green certified apartment complex they're building. It's lobby will be steps away from the New Bern light rail station.

"Maybe the most exciting part is the transit lobby. It's a lounge 50 feet from the station platform," Proffitt said.

There will be a coffee bar, flat screens broadcasting the day's news, newspapers to read and a closed circuit monitor that will show the train coming down the tracks so riders can run out at the last minute and hop on.

The two say this is the right time to jump back into the market.

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Banks helping to keep Charlotte-area families in their homes

Submitted by Alison Hill, Community Web Producer

Monday, September 19th, 2011, 12:23pm

Banks helping to keep Charlotte-area families in their homes

CHARLOTTE - Two of the largest financial institutions are opening help centers in Charlotte to offset the foreclosure crisis.

Bank of American plans to open a help center in October. The location hasn't been announced.

Chase Home Loan opened its Homeownership Center this week to help families struggling to make their mortgage payments. Loan counselors will help borrowers who have a home loan serviced by Chase or EMC.

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Park Road Shopping Center has a new owner, again

Submitted by Alison Hill, Community Web Producer

Wednesday, July 20th, 2011, 9:42am

Park Road Shopping Center has a new owner, again

PARK ROAD - Park Road Shopping Center has a new owner for the second time in five weeks.

Edens & Avant, one of the nation’s leading retail real estate owners and developers, announced Tuesday that it purchased Park Road Shopping Center in Charlotte from its owners Wake Forest University, Queens University of Charlotte, and Wingate University.

The trio of universities acquired the property on June 16 from ninety-one year old philanthropist and legendary North Carolina businessman Porter Byrum, who owned the shopping center for 44 years.

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More property revaluation meetings set; snow date rescheduled

Submitted by Chris Dyches

Thursday, January 13th, 2011, 10:59am

More property revaluation meetings set; snow date rescheduled

MECKLENBURG COUNTY - More public meetings concerning Mecklenburg County property revaluation have been announced, and a meeting postponed by icy weather has been rescheduled.

Revaluation is the process of reappraisal of all properties within the County for tax assessment purposes, and is required once at least every eight years by North Carolina law. The last reappraisal in Mecklenburg County was in 2003.

Over time, the real estate market changes, and market prices deviate from the assessed values estimated during the previous reappraisal. A revaluation does two important things:

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County set to revaluate your property; public meetings set

Submitted by Chris Dyches

Tuesday, January 4th, 2011, 3:04pm

County set to revaluate your property; public meetings set

MECKLENBURG COUNTY - The first in a series of public meetings concerning Mecklenburg County property revaluation are set for Wednesday night.

Over time, the real estate market changes, and market prices deviate from the assessed values estimated during the previous reappraisal. A revaluation does two important things:

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