The REBIC Update
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GDP Proposal Called
Harsh
Charlotte planners are proposing radical changes to the policy that guides
the city's development patterns – changes so sweeping some fear development
and economic growth will move outside Mecklenburg County.
[More]
BofA, Wachovia Buy
Old Convention Center As Part Of Arena Deal
Charlotte's two big banks are the new owners of the old convention center in
uptown – at least for now.
[More]
Think Small:
Economy Has Brokers, Developers Taking Different Routes
Top-grade, class-A space is going at cut-rate prices in Charlotte, meaning
companies that have been in marginal, suburban offices can shop uptown.
Meanwhile, many small businesses – CPAs, orthodontists, one-attorney law
firms – are buying office space instead of renting it.
[More]
Mills Offer Empty
Promise
No one tracks exactly how much former industrial space is vacant in the
Charlotte region, but a quick check of area economic development Web sites
shows 133 available manufacturing buildings in three of the region's most
industrial counties -- Catawba, Gaston and Rowan.
[More]
Crosland Plans
Move To Uptown
One of Charlotte's oldest real estate companies plans to move its
120-employee corporate headquarters from south
Charlotte to the center
city. Crosland,
which is seeking about 40,000 square feet of office space, is considering "a
handful" of suitable buildings and likely will make a decision within three
weeks, said Todd Mansfield, chief executive officer.
[More]
Uptown Apartment
Homes Open at 5th, Poplar
Fifth and Poplar Apartment Homes, one of the largest and most-watched
construction projects in
Charlotte’s center city
in recent years,
opened its doors to residents June 9. It has signed 40 leases and admitted
the first seven tenants.
[More]
Dilworth’s Uneasy
Growth
Current and future projects promise to redefine Charlotte’s Dilworth
neighborhood, at
least along the streets that form its perimeter, and are sparking mixed and
strong reactions from residents.
[More]
Despite Economy,
South End Shows Momentum
Despite the downturn in development across Charlotte, South End is
maintaining much of its momentum.
[More]
Wylie Project Will
Nurture Nature
The developers of The Palisades are teaming with Audubon International to
make the 1,500-acre golf course community on Lake Wylie a national model for
environmental sensitivity and habitat preservation.
[More]
County-town Flap
Deepens
Union County commissioners
voted to rezone land near the state line for light industrial use even
though Waxhaw leaders have already annexed the land and have other plans for
it.
[More]
Delinquencies hit
record with rising vacancies for offices
A record share of loans backing U.S. commercial mortgage bonds are
delinquent, reflecting rising vacancies for offices, apartments and
warehouses amid a lifeless economy, a Wachovia Corp. study said Tuesday.
[More]
Session Winding
Down - Many Issues Remain
With a two-year budget passed and signed, legislative leaders say they hope
to adjourn the 2003 General Assembly in a little more than two weeks.
However many big issues like whether NC will have a lottery may or may not
be decided before legislators leave town. Some of the real estate issues
and other substantial issues that remain for the 2003 legislature include:
SB 872 -"Do Not Call" Legislation: The legislation would allow
North Carolina residents who want to limit in-state telemarketing calls to
sign up for a do-not-call registry. SB 872, which passed the Senate last
month, already exempted small businesses (including realtors, retailers,
colleges and other non-profits) from the no-call prohibition. The bill is
headed to the House floor for a vote after being amended in committee by
NCAR to remove onerous record keeping requirements and duplicitous federal
regulations.
HB 328 - Amend Real Estate Licensing Laws: The bill makes
technical changes to the licensing laws and provides enabling language for
the NCREC to establish a limited nonresident commercial real estate
licensing program. The bill has passed the House and is in the Senate Rules
Committee. We hope it will be scheduled for a hearing very soon.
Disclosure
Concerns Heat up in South Carolina
If the legal hotline for the South Carolina Association of REALTORS is any
indication, local real estate practitioners are concerned about the care and
handling of the newly enacted state property disclosure form. Call volume on
questions concerning seller disclosure doubled earlier this year, when the
new state law mandating seller disclosure went into effect. The seller
disclosure form was created by the South Carolina Real Estate Commission,
and is the responsibility of the seller--not the real estate salesperson,
says Byron King, director for legal and legislative affairs for SCAR.
[More]
New
NCAR Member Benefit
No later than January 1, 2004, NCAR members will receive unlimited access to
interactive real estate forms software. The product and service will be
provided by RealFA$T as part of your annual NCAR dues. RealFA$T was founded
in 1989 and provides real estate forms software to more than 120,000
REALTORS and attorneys in more than 25 states. The entire family of NCAR
and North Carolina Real Estate Commission forms will be included in the
RealFA$T software. Utilizing a member password, NCAR members will be able to
download the software via the Internet. The software also will be available
in a CD-ROM or diskette format for members who don't have Internet access.
In the coming months, NCAR intends to conduct a series of training programs
for its membership. More information on these training programs will be
forthcoming.
NCAR Annual
Convention
With summer just around the corner, it’s time to start making plans to
attend NCAR’s Annual Convention, planned for Sept. 14-17 in Hilton Head,
S.C.
I’m a
Commercial Practitioner.
Why should I plan to attend the NCAR Convention in Hilton Head?
Because there are plenty of Commercial Real Estate events this year!
There will be several commercial educational sessions this year. Some
will be led by nationally known educators. The topics scheduled
include: legal Issues in Commercial Real Estate; Flipping & Fraud – A new scheme we need to understand and avoid; Tax Issues in Commercial Real Estate (two sessions); Technology for the Commercial Agent; Commercial Real Estate Issues RoundTable; Property Management Issues in both Residential and Commercial Real
Estate.
Registering for the convention is now quicker and easier than ever before, with NCAR’s new online registration system. Go to NCAR’s convention Web site, http://www.ncarconvention.org/ and register today!
Need to catch up on recent editions
of The Voice?
June 2 |
June 16
Patriot Act Could
Harm Real Estate Industry, Group Says
The Real Estate Roundtable is pressing the U.S. Treasury Department to
address the potentially adverse effect that Section 352 of the USA Patriot
Act could have on the commercial property sector. In particular, the group
says the section focusing on parties involved in the real estate settlement
or closing process "could have the unintended consequence of imposing an
unfair level of regulatory burden on the commercial and multifamily real
estate industry."
[More]
Increased
Volatility Expected for Commercial Sector
The commercial real estate sector will demonstrate increased, but not
alarming, volatility over the next several years, Fitch Ratings forecasts in
its most recently updated Property Market Metric (PMM). The company cited
continued uncertainty over the U.S. economy and weakening real estate
fundamentals in all sectors as the main reasons for its projections.
[More]
Bargain Leases Lure
Businesses Back to Cities
Many companies continue to abandon major urban areas for cheaper, suburban
digs, but other businesses are seizing this opportunity to gobble up vacated
prime commercial space in central business districts nationwide and take
advantage of revitalization in these markets.
[More]
Brownfields Rule
Sparks Debate
Hoping to devise a new brownfields rule to foster increased redevelopment of
contaminated property, the Environmental Protection Agency has been meeting
for the last three months with individuals from 25 groups representing the
government, the real estate industry, and the environment.
[More]
Tax Law Offers Benefits to Real Estate
Investors
The new tax law affects investors in three distinct ways.
[More]
Another Fed Cut
Could Hurt, Analysts Say
With the Federal Reserve meeting this week to set interest-rate policy, some
observers worry that a rate cut could have a diminished impact on some
segments of the economy and actually hurt others.
[More]
Thrifts Look at Commercial Real Estate Loans
Thrift profits in 2002 climbed 15.6 percent nationwide to $11.8 billion,
while assets soared 22 percent to an all-time high of $1 trillion, the U.S.
Office of Thrift Supervision reports.
[More]
Buyers Tap
Unconventional Lender Products
Commercial real-estate developers and investors are once again looking to
acquire properties, but they're not going to conventional lenders to finance
their acquisitions.
[More]
Major Banks Slow to
Lower Prime Rates
Although Federal Reserve interest-rate cuts have in the past spurred banks
to immediately lower their own prime rates, major institutions were slow to
take action after Fed Chairman Alan Greenspan on Wednesday announced the
latest in a string of rate reductions. Concerns that the quarter-point drop
in the federal funds rate to a 45-year low of 1 percent would eat away at
profits prompted banks such as Bank of America and Bank One to wait until
the close of financial markets on Thursday to lower prime rates.
[More]
Hints of Upturn
Ease Gloom For Banks
With both industrial production and housing starts up in May, banks are now
experiencing what one industry executive calls "a cautious optimism" with
regard to commercial lending.
[More]
Commercial Property
Insurance Rates Level Off
Insurance brokers report that the rate of commercial real estate insurance
rate hikes has slowed in the first part of 2003.
[More]
Real Estate
Investors Cashing Out?
Now that capital gains taxes have been slashed from 20 percent to 15
percent, some industry professionals are concerned that real estate
investors will increasingly shun 1031 exchange transactions.
[More]
CDC Looks at Link
Between Obesity-Sprawl
Pedestrian-friendly communities combine housing, stores, offices, and
restaurants in a single development in an effort to ease traffic congestion
and improve quality of life, but developers worry about traffic and zoning
laws that make these projects time-consuming and unprofitable.
[More]
Do-Not-Call Rules
to Impact Practitioners
The federal government opened its national do-not-call registry to consumers
seeking to restrict telemarketing calls on June 27. What is the impact on
real estate practitioners?
[More]
Commercial Property
Management
Whether you are new to commercial property management or have been at it
awhile, find practical guides and information concerning leases, safety,
marketing, and maintenance for commercial properties in the online NAR
library collection on commercial property management. To access, Go To:
http://www.realtor.org/libweb.nsf/pages/fg412
 |
Vann Blankenship
Joins T.B. Harris, Jr. & Associates A Charlotte, North Carolina native and real estate professional with five years of experience, Vann Blankenship has recently joined the appraisal staff of T.B. Harris, Jr. and Associates, Inc., a real property appraisal and consulting firm formed in 1979 and based in Charlotte, North Carolina. Prior to his association with T.B. Harris, Vann held the position of Market Analyst with Karnes Research Company, a real estate and economic research and consulting firm with offices in Charlotte and Raleigh, North Carolina. |
 |
Stuart Mullen
Joins First Colony Corporation First Colony Corporation is pleased to announce the addition of Stuart Mullen to its Commercial Brokerage & Development team. Stuart will be a Commercial Real Estate Broker and also assist with commercial development activities. A native Texan, Stuart is an Appalachian State University graduate. Stuart comes to First Colony from The Knox Group, Inc. where he was a Commercial Real Estate Broker and Zoning Consultant. |
|
Carolinas Real Data is the region’s premier real estate research firm. Since our inception in 1992, our dedication has been to provide the most comprehensive and up-to-date market data to commercial and multi-family real estate professionals. |
|
As a full-service real estate market research firm, our services encompass an extensive online property database, tax data software, and additional comprehensive information products which are vital to commercial real estate professionals located in Charlotte, Greensboro, Winston Salem, High Point, Raleigh, Durham and Chapel Hill. In addition, we produce the Apartment Index report and Apartment SourceCD containing statistics on more than 700,000 multi-family units in North Carolina, South Carolina, Virginia and Florida.
Our commercial information services are not only for the broker. For building owners, investors, mortgage lenders, appraisers, asset managers, or any vendor in need of real estate information - we provide quality data and the convenient Web based marketplace for you to access it quickly and easily.
Don’t miss the opportunity to subscribe to the most utilized real estate information service in the region. Not only do we offer comprehensive services and quality information, our clients also benefit from our local presence. As a locally based company, we are able to provide our clients with personal attention and have a better understanding of their needs. Our experienced staff provides ongoing client satisfaction through detailed technical support and training, in addition to our expertise of the local market.
To learn more about how we can assist you with your research needs, visit us at www.Realindex.com or contact us at:
Carolinas Real Data
1329 East Morehead Street
2nd Floor
Charlotte, North Carolina 28204
Brett Hicks, Commercial Services - Charlotte, 704-335-0909 ext. 2
Danita Mitchell, Commercial Services -
Greensboro/High Point/Winston Salem, 336-373-9995
Jim Salthouse, Commercial Services - Raleigh/Durham/Chapel Hill,
919-696-2257
Find out what commercial real estate professionals in these companies have been up to!
Colliers Pinkard
First Colony Corporation
Grubb & Ellis|Bissell Patrick
McGuire Properties, Inc/TCN
Trammell Crow Company
Trinity Partners
Vision Brokerage Group, LLC
Get Your News in The Voice!
Email press releases to erica@crcbr.org
Don't wait until June,
2004!
Check out the new education schedule for
Fall 2003...
Mandatory Update - Commercial Ver.
Ethics for the Commercial REALTOR
Technology Classes
Commercial Certificate Program
Click here for more information on these upcoming programs:
Fall Forecast
September 11, 2003
Golf Tournament
October 6, 2003
Mixed-Use Bus Tour
November 7, 2003
Annual
Meeting
December
NEW to The Voice, career opportunities
may be placed in the newsletter by member companies free of charge.
Contact Erica Rohrbacher for more information at 704.377.8982 or email
erica@crcbr.org.
Click on the job title below to view a description.
Commercial Appraiser
Senior Asset Manager
Click on the links below to visit our sponsor websites.
Cousins Properties, Inc.
Floyd Smith
Office Park
Huntersville Business
Park
Kannapolis
Gateway
Business
Park
Lauth Property Group
Barker Corvus
Edifice, Inc.
Kennedy Covington Lobdell & Hickman, LLP
The International
Business Park at Concord
Lichtin Corporation
McGuire Properties, Inc. / TCN
Worldwide
Price Davis Tenant Services
CRCBR
PO Box 36566
Charlotte, NC 28236-6566
704.377.8982 phone
704.377.8983 fax
info@crcbr.org
www.crcbr.org
Charlotte Region Commercial Board of
REALTORS®
PO Box 36566 • Charlotte, NC 28236-6566 •
704.377.8982 phone • 704.377.8983 fax
info@crcbr.org •
www.crcbr.org