AG gets judgments against two defendants in mountain real estate scheme

March 12, 2010 Posted by North Carolina RealEstateRama

Raleigh - March 11, 2010 - (RealEstateRama) — Attorney General Roy Cooper got consent judgments this week against two of the defendants in the Village of Penland real estate scheme, Richard Amelung and J. Kevin Foster

Holiday Inn Express in Charlotte, North Carolina Metro Area to Open with Brand’s New Sign

January 20, 2010 Posted by North Carolina RealEstateRama

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.

Durham’s Rolling Hills/Southside Plans Continue Without Recovery Act Funding

January 15, 2010 Posted by North Carolina RealEstateRama

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.

City and Greensboro Housing Coalition to Hold Housing Summit 2010 -February 23, 20010

January 15, 2010 Posted by North Carolina RealEstateRama

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.

EastGroup Properties Acquires Two Buildings in Charlotte for $5.3 Million

January 14, 2010 Posted by North Carolina RealEstateRama

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.

Homeless Family Gets A Home for the Holidays

December 23, 2009 Posted by North Carolina RealEstateRama

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.

Financial Services Company to Create 1,002 Jobs in Charlotte

December 23, 2009 Posted by North Carolina RealEstateRama

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.

AG Cooper stops Kannapolis foreclosure scam

December 4, 2009 Posted by North Carolina RealEstateRama

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.

Gov. Perdue Requests Federal Disaster Declaration for Dare County

November 30, 2009 Posted by North Carolina RealEstateRama

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.

AG stops scheme to sell overpriced manufactured housing

November 19, 2009 Posted by North Carolina RealEstateRama

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.

American Recovery & Reinvestment Act (ARRA) Funds Aid in Construction of Affordable Apartments in Wilson

November 17, 2009 Posted by North Carolina RealEstateRama

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.

Hotel Indigo Opens in Asheville, N.C

November 9, 2009 Posted by North Carolina RealEstateRama

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.

Coble Praises Extension Of Homebuyers Tax Credit

November 6, 2009 Posted by North Carolina RealEstateRama

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.

Housing North Carolina Awards Recognize Five Excellent Developments

November 6, 2009 Posted by North Carolina RealEstateRama

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.

Five N.C. Towns Share $1.23 Million in Housing Funds

November 4, 2009 Posted by North Carolina RealEstateRama

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.

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