Uptown Charlotte Real Estate has new hope

Uptown Charlotte has some hope in the uncertainty of the Wells Fargo – Wachovia Merger. The new skyscraper originally known as Wachovia Tower and meant as their crown jewel of Charlotte had a fearful future for many Charlotte area residents until yesterday, when a deal was reached with Charlotte based energy company, Duke Energy.

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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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