ATLANTA, GA - January 19, 2010 - (RealEstateRama) — IHG (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)], the world’s largest hotel group by number of rooms, announced the recent opening of the Holiday Inn Express and Suites Matthews.  This is the first relaunched, newly constructed Holiday Inn Express to open in the Charlotte, North Carolina metro region. more »

DURHAM, N.C. - January 15, 2010 - (RealEstateRama) — On Thursday, January 14, 2010, the U.S. Department of Housing and Urban Development awarded nearly $2 billion in funding under the Neighborhood Stabilization Program (NSP2) to states, local governments and non-profit housing developers.  No funding was awarded to the City of Durham or to any other governmental entity in the state of North Carolina. more »

GREENSBORO, NC - January 15, 2010 - (RealEstateRama) — Residents are invited to share their hopes for Greensboro’s housing future at Housing Summit 2010, held Tuesday, February 23, from 8:30 am to 1:30 pm at the Greensboro Coliseum Special Events Center, 1921 W. Lee St. The summit is sponsored by the Greensboro Housing Coalition and the City of Greensboro, in conjunction with the United States Housing and Urban Development’s (HUD) Greensboro office and the Greensboro Neighborhood Congress.  more »

Jackson, MS - January 14, 2010 - (RealEstateRama) — EastGroup Properties (NYSE-EGP) today announced the acquisition of two business distribution buildings containing 193,000 square feet in Charlotte, North Carolina for a combined purchase price of $5,250,000. The buildings, which will be renamed Commerce Park 2 and 3, are located in Charlotte’s southwest submarket. They were constructed in 1981 and 1987 and are presently 87% occupied by nine customers. The buildings are projected to generate an annualized 11.7% yield at their current occupancy and rents. more »

DURHAM, NC - December 22, 2009 - (RealEstateRama) — A homeless family of seven will wake up in their own apartment this Christmas Eve, thanks to the efforts and generosity of a public-private partnership with the City of Durham. more »

RALEIGH, NC - December 22, 2009 - (RealEstateRama) — Gov. Bev Perdue announced today that Zenta Mortgage Services will expand its Charlotte presence significantly, creating 1,002 jobs over the next five years and investing $2.19 million. The announcement was made possible in part by a state Job Development Investment Grant. more »

Raleigh, NC - December 5, 2009 - (RealEstateRama) — A Kannapolis foreclosure rescue operation is barred from collecting any money from consumers for foreclosure assistance or loan modifications, Attorney General Roy Cooper announced Friday. more »

Raleigh, NC - November 25, 2009 - (RealEstateRama) – Gov. Perdue today requested assistance from the federal government for homeowners and businesses in Dare County affected by the recent nor’easter. In asking for a U.S. Small Business Administration disaster declaration, Gov. Perdue sought funding to help homeowners and businesses in Dare County that sustained major damages from the recent storm.  If approved, the declaration will make low-interest loans available to help eligible property owners make repairs.  Also eligible will be Currituck, Hyde and Tyrrell counties. more »

Raleigh, NC - November 19, 2009 - (RealEstateRama) — An elaborate scheme deceived consumers into buying overpriced manufactured homes and agreeing to loans they couldn’t afford, Attorney General Roy Cooper says in a lawsuit filed this week. more »

RALEIGH, NC - November 16, 2009 - (RealEstateRama) — Governor’s Office of Economic Recovery & Investment (OERI) Director Dempsey Benton, Wilson Mayor Bruce Rose and Bob Kucab, Executive Director of the North Carolina Housing Finance Agency will participate in a groundbreaking ceremony for affordable apartments at the Springbrook Apartments construction site in Wilson on Tuesday, Nov. 17 at 11:00 a.m. The site is located on Cresent Drive, off Forest Hills Road. more »

Boutique hotel showcases local art and outdoor scene of downtown Asheville

ATLANTA, GA - November 9, 2009 - (RealEstateRama) — The newest Hotel Indigo opened its doors today in downtown Asheville, N.C.  Nestled near the foothills of the Blue Ridge Mountains, the 100-room new-build boutique hotel is the second of five properties planned for the state; additional deals are signed in Charlotte, Wilmington and Winston-Salem. more »

WASHINGTON, D.C. - November 5, 2009 - (RealEstateRama) — As the author of one of the first bills to extend the tax credit for home buyers, U.S. Rep. Howard Coble (R-NC) today praised passage of a bill that will extend the credit through next April and will make additional home buyers eligible for the tax credit. more »

Raleigh, NC - November 4, 2009 - (RealEstateRama) — Five affordable housing developments received Housing North Carolina Awards on Nov. 3 during the N.C. Affordable Housing Conference at the Raleigh Convention Center.  Sponsored by the N.C. Housing Finance Agency, the awards recognize outstanding affordable properties that can serve as models for other communities. More than 650 people attended the 20th annual awards luncheon. more »

RALEIGH, NC - November 4, 2009 - (RealEstateRama) — Commerce Secretary Keith Crisco today announced that five North Carolina communities will receive $1.23 million in Small Cities Community Development Block Grant Tax Credit Housing Development funds to provide housing and related needs for low- and moderate-income residents. more »

Raleigh, NC - October 26, 2009 - (RealEstateRama) — Foreclosure prevention efforts that have helped more than 1,100 North Carolinians save their homes got a boost earlier this month when the North Carolina Housing Finance Agency was awarded an additional $895,350 of federal funds from the National Foreclosure Mitigation Counseling Program. The funds support foreclosure prevention counseling by nonprofit agencies statewide. The grant was awarded through a competitive process and is the third won by the Agency, bringing North Carolina’s total to nearly $6 million. more »