Yearly Archives: 2015

Investors Management Group, Inc. has selected Pegasus Residential to lease and manage Lynden Square, a 476 unit community located in Charlotte, just minutes from both Uptown Charlotte and South Park Mall

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Governor Pat McCrory issued the following statement after the Raleigh City Council approved a contract that calls for the City of Raleigh to purchase the 300-acre Dorothea Dix property from the State of North Carolina for approximately $52 million

North Carolina Commerce Secretary John E. Skvarla, III and Assistant Secretary for Rural Development Dr. Patricia Mitchell announced today that the N.C. Rural Infrastructure Authority (RIA) approved 16 grants or loans totaling more than $4.7 million with the commitment of 392 new jobs.

O’Neil Digital Solutions, LLC will open a new facility in Union County and create 250 new jobs over the next five years. The company plans to invest $90.7 million in the town of Monroe over the same period.

Two Northern California real estate investors have agreed to plead guilty for their role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California, the Department of Justice announced

USDA Secretary Tom Vilsack today announced funding for six rural electric infrastructure projects, including three in North Carolina that will use solar energy to generate electricity for rural communities.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Hobby Lobby property located at 141 North Pointe Blvd in Statesville, NC for $6,649,500. The 55,000 square foot newly constructed Hobby Lobby is strategically located near the Interstate 40 and Interstate 77 interchange along Highway 21. The surrounding area features many national retailers including Lowe’s, Home Depot, Staples, Aldi, TJ Maxx, and Michael’s.

USDA Secretary Tom Vilsack today announced funding for six rural electric infrastructure projects, including three in North Carolina that will use solar energy to generate electricity for rural communities.

Governor Pat McCrory unveiled the Connect NC bond proposals that will connect North Carolina cities and towns by building roads, upgrading technology and constructing education facilities. Joining Governor McCrory at the Connect NC announcement were Department of Transportation Secretary Tony Tata and Budget Director Lee Roberts.

The Greater Asheville Regional Airport Authority has been awarded a $10 million grant by the U.S. Department of Transportation for use towards its ongoing airfield redevelopment project.

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $1.4 million Fannie Mae loan facility to enable the acquisition of a multifamily property located in Charlotte, North Carolina.

The North Carolina Housing Finance Agency has won a $1.5 million grant that will enable 5,000 households statewide to receive foreclosure prevention counseling.

The North Carolina Building Code Regulatory Reform bill (HB 255) will have a detrimental impact on homeowners, local governments and building officials by making homes in the state less safe and more costly, theInsurance Institute for Business & Home Safety (IBHS) said today.

Governor Pat McCrory, N.C. Commerce Secretary John E. Skvarla III and the Economic Development Partnership of N.C. announced today that Reliance Packaging, LLC will expand its operations in Moore County and create 48 new jobs over the next three years.