A Hit to the Foreclosure Rescue Companies

Today the North Carolina attorney general has just filed lawsuits against three Charlotte based foreclosure rescue companies.  The attorney general alleges that the three companies charged high fees but were unable to save their customers homes.  It is believed that upon collecting the fees from their customers, these companies took no real actions to try [...]

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CATS, building for the Future

With the staggering gas prices that have hit Charlotte residents in the recent months, ridership on the city’s mass transit system has seen an enormous jump.  Comprised of both long and short distance busses as well as the light rail, Charlotte has begun to offer its residents true alternatives to during to and from work.  [...]

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Murdock’s Vision Comes to Fruition

During the grand opening ceremony this morning of the new North Carolina Research Center, David Murdock announced that of the new companies joining the center, PepsiCo has agreed to come aboard.  Joining other companies like Dole Foods, UNC Nutrition Research, and other university research centers.  PepsiCo plans on occupying 4,000 square feet of space in [...]

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The Rebirth of Plaza Central

When Charlotte Residents think of a night out, several areas usually come to mind.  Places like NoDa or South End are the usual point of destination for those looking for an artsy place for dining out or perhaps a night of art shopping.   One neighborhood which is showing a promise for rebirth is the Plaza [...]

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Credit Cards, not an option for long

Credit card companies are now bracing themselves for what could be the next crisis to hit the financial market in recent years.  As we head into post recession times, we are finding that aside from a fallout in the mortgage industry and the stock market the next market that is being threatened is the giant [...]

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Asheville Gets New Urban Community

Modeled after Huntersville’s Birkdale Village, a new community is being developed just south of Biltmore Estates in Asheville, North Carolina.  The $200 million dollar 42-acre mixed use development is being constructed by Biltmore Farms LLC and Charlotte’s Crossland LLC.  Together they plan to create what will be the premiere location for mixed Office, Retail, and [...]

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Billionaire David Murdock Brings New Country Club to Kannapolis

In a time where the economy is struggling and home buyers are having a tough run at getting a loan, the last thing you would expect would be a multi-million dollar development going forward.  But in Kannapolis, billionaire David Murdock has created a $3.96 million dollar investment in the future of Kannapolis and the surrounding [...]

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Retail Coming to Uptown, Finally

Retail Coming to Uptown, Finally
Skyscrapers, a football stadium, and some of the largest banks in the world are all located in the beautiful Uptown area.  It astonishes me that with the amount of foot traffic going through the city that there is absolutely NO retail.  Well this is all about to change now that there [...]

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Rent Falls as Big Banks Move Out

Rent Falls as Big Banks Move Out
With the purposed sale of Wachovia to Citigroup or Wells Fargo in the upcoming months, uptown companies are finding a lot more space for a lot less buck.  Wachovia, which currently occupies over 2.8 million square feet in its uptown 48 story building, will soon be moving to its [...]

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Citi and Wells Fargo Battle over Wachovia

Citigroup and Wells Fargo Battle over Wachovia
 
The Battle over Wachovia escalated to a new level this weekend when Citigroup Inc. filed a lawsuit against Wells Fargo seeking more than $60 billion in damages for interference with the takeover of Wachovia’s banking operations.
The lawsuit that Citigroup filed on Monday is essentially due to Wachovia’s bad-faith breach [...]

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