KJHburg 69646 Report post Posted October 12, 2020 good news if you are a seller of residential property in the region not as good if you are a buyer. Most people taking several months to find homes so start early. 1 1 1 Quote Share this post Link to post Share on other sites
tozmervo 8551 Report post Posted October 13, 2020 16 hours ago, KJHburg said: good news if you are a seller of residential property in the region not as good if you are a buyer. Most people taking several months to find homes so start early. Wow, some of those numbers are crazy. Not likely to get better quickly, as some building materials like wood and PVC are through the roof in cost right now. The cost of new homes is up several thousand dollars for that reason alone. Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted October 13, 2020 Charlotte is both on the top 25 list of places to live and to retire. Being on both lists shows how desirable it is to live in the Charlotte region. On the retirement side I would say these factors close to the mountains and the ocean with the negatives of both (cold, snow, hurricanes, higher insurance rates) and great health care and moderate cost of living. https://www.bizjournals.com/charlotte/news/2020/10/13/charlotte-among-best-places-to-live-in-new-ranking.html 2 Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted October 13, 2020 (edited) Good news sublease office space is not piling up like in other cities here in Charlotte. Lots of sublease space means lower rents for office space which in turns leads to less new office buildings. Look at Austin and Nashville for example. Nashville is smaller office market than Charlotte and Austin is roughly the same size. https://www.us.jll.com/en/views/snapshots/charlotte-snapshot-10-12 Edited October 13, 2020 by KJHburg 4 Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted October 14, 2020 the ULI and PWC annual real estate report is out and drumroll please Charlotte is in the top 5 cities for real estate all types this year. Besting us is our rivals Austin, Raleigh Durham (see my post in learning from others about some of their upcoming projects) Nashville, Charlotte at #4 and Boston rounding out the top 5. Cover photo goes to uptown Charlotte from 1st Ward Park. Page 27 is where the rankings are. Only huge Texas and NC have 2 metros in the top 10 but only NC has two metros in the top 5. download your report here https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html there is a lot for me to go through and I will review it over the next couple days but it offers good comparison with all our rivals and how we compare nationally in taxes, etc. 2 Quote Share this post Link to post Share on other sites
CLT2014 2673 Report post Posted October 14, 2020 (edited) 3 minutes ago, KJHburg said: the ULI and PWC annual real estate report is out and drumroll please Charlotte is in the top 5 cities for real estate all types this year. Besting us is our rivals Austin, Raleigh Durham (see my post in learning from others about some of their upcoming projects) Nashville, Charlotte at #4 and Boston rounding out the top 5. Cover photo goes to uptown Charlotte from 1st Ward Park. Page 27 is where the rankings are. Only huge Texas and NC have 2 metros in the top 10 but only NC has two metros in the top 5. download your report here https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html there is a lot for me to go through and I will review it over the next couple days but it offers good comparison with all our rivals and how we compare nationally in taxes, etc. We really need those parking lots in First Ward developed so photos from this angle stop looking like we have a Walmart Supercenter parking lot in the middle of our city center . Edited October 14, 2020 by CLT2014 1 1 4 Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted October 14, 2020 Just now, CLT2014 said: We really need those parking lots in First Ward developed so photos from this angle stops looking like we have a Walmart Supercenter parking lot in the middle of our city center . Maybe the Cherokees could buy the land and build a mega casino all lit up after all we are Char-LIT 1 4 Quote Share this post Link to post Share on other sites
RANYC 584 Report post Posted October 14, 2020 1 hour ago, KJHburg said: the ULI and PWC annual real estate report is out and drumroll please Charlotte is in the top 5 cities for real estate all types this year. Besting us is our rivals Austin, Raleigh Durham (see my post in learning from others about some of their upcoming projects) Nashville, Charlotte at #4 and Boston rounding out the top 5. Cover photo goes to uptown Charlotte from 1st Ward Park. Page 27 is where the rankings are. Only huge Texas and NC have 2 metros in the top 10 but only NC has two metros in the top 5. download your report here https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html there is a lot for me to go through and I will review it over the next couple days but it offers good comparison with all our rivals and how we compare nationally in taxes, etc. one has to love the coinages in these reports. "Hipsturbia" 1 Quote Share this post Link to post Share on other sites
Desert Power 964 Report post Posted October 14, 2020 2 hours ago, KJHburg said: Maybe the Cherokees could buy the land and build a mega casino all lit up after all we are Char-LIT A casino uptown with a sports book would be awesome. 1 Quote Share this post Link to post Share on other sites
rancenc 2985 Report post Posted October 15, 2020 New jobs and investment coming to Catawba County https://www.nccommerce.com/news/press-releases/plastics-manufacturer-selects-catawba-county-new-operations-upgraded-facility 3 Quote Share this post Link to post Share on other sites
rancenc 2985 Report post Posted November 5, 2020 New retail coming to East Charlotte/Mint Hill area. https://www.wsoctv.com/news/local/grocery-anchored-development-planned-east-charlotte/B5NRLJ75D5D3JERSNR2E56MVGI/ 3 Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted November 21, 2020 Good news film activity is picking up in the Tar Heel State due to leaving large cities. In fact a GM commercial was just filmed in the OBX over the new Oregon Inlet Bridge and most car commercials are filmed in LA or San Fran. https://www.wfae.org/business/2020-11-19/film-producers-eye-nc-as-pandemic-rages-elsewhere-says-film-office Tomorrow night on Hallmark the Charlotte filmed "Nashville Christmas Carol" is being shown. Make it a drinking game if you wish take a swig of something everytime a Charlotte landmark or house is shown. I think you will see NASCAR Plaza, homes in Cotwold and Huntersville and Blumenthal. 3 1 Quote Share this post Link to post Share on other sites
Blue_Devil 783 Report post Posted November 21, 2020 25 minutes ago, KJHburg said: Good news film activity is picking up in the Tar Heel State due to leaving large cities. In fact a GM commercial was just filmed in the OBX over the new Oregon Inlet Bridge and most car commercials are filmed in LA or San Fran. https://www.wfae.org/business/2020-11-19/film-producers-eye-nc-as-pandemic-rages-elsewhere-says-film-office Tomorrow night on Hallmark the Charlotte filmed "Nashville Christmas Carol" is being shown. Make it a drinking game if you wish take a swig of something everytime a Charlotte landmark or house is shown. I think you will see NASCAR Plaza, homes in Cotwold and Huntersville and Blumenthal. They film Nashville Christmas Carol.... In Charlotte? lol 3 Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted November 21, 2020 (edited) 1 minute ago, Blue_Devil said: They film Nashville Christmas Carol.... In Charlotte? lol Yes Charlotte has now doubled for Nashville and NYC in Hallmark films the last 2 years. The Grand Ole Opry might be located at the Blumenthal for this movie LOL hey we are Char-LIT lets remember. Get your merch here https://brandcharlit.com/ and this is not affiliated with KJ Diversified Industries in any way Edited November 21, 2020 by KJHburg 1 Quote Share this post Link to post Share on other sites
Blue_Devil 783 Report post Posted November 21, 2020 6 minutes ago, KJHburg said: Yes Charlotte has now doubled for Nashville and NYC in Hallmark films the last 2 years. The Grand Ole Opry might be located at the Blumenthal for this movie LOL hey we are Char-LIT lets remember. Get your merch here https://brandcharlit.com/ and this is not affiliated with KJ Diversified Industries in any way Re-watching homeland was fun, seeing Charlotte though out for the first 5 seasons. 1 Quote Share this post Link to post Share on other sites
HopHead 1400 Report post Posted December 2, 2020 Wasn't really sure where to put this, so dropping it here. This particular news isn't directly related to Charlotte, but something to keep an eye on with the constant speculation of a Wells Fargo HQ move to the Queen City. HP Enterprise (the storage/networking/server arm of the old HP) is moving their HQ from Silicon Valley to Texas. This is the latest in a series of HQ exits from California's unfriendly business climate. This certainly won't be the last company to leave CA either. I worked for HP/HPE up until a few years ago and know how significant of a change this is for the company given their ties to Silicon Valley. Much like Wells Fargo, HP was deeply rooted in the Bay Area of San Francisco dating back to their founding in 1939. Obviously the pandemic has changed the way we work, and the need for super expensive real estate in states like California is being lessened. Especially if you can attract the same talent in a lower cost metro area such as CLT. https://finance.yahoo.com/news/hewlett-packard-enterprise-leave-silicon-020027107.html 4 Quote Share this post Link to post Share on other sites
norm21499 795 Report post Posted December 2, 2020 9 minutes ago, HopHead said: Wasn't really sure where to put this, so dropping it here. This particular news isn't directly related to Charlotte, but something to keep an eye on with the constant speculation of a Wells Fargo HQ move to the Queen City. HP Enterprise (the storage/networking/server arm of the old HP) is moving their HQ from Silicon Valley to Texas. This is the latest in a series of HQ exits from California's unfriendly business climate. This certainly won't be the last company to leave CA either. I worked for HP/HPE up until a few years ago and know how significant of a change this is for the company given their ties to Silicon Valley. Much like Wells Fargo, HP was deeply rooted in the Bay Area of San Francisco dating back to their founding in 1939. Obviously the pandemic has changed the way we work, and the need for super expensive real estate in states like California is being lessened. Especially if you can attract the same talent in a lower cost metro area such as CLT. https://finance.yahoo.com/news/hewlett-packard-enterprise-leave-silicon-020027107.html Texas seems to be landing a lot of the HQ's out if California. Hopefully NC can get in in the action..... Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted December 2, 2020 NC has but not Charlotte. Durham is the HQ for the formerly Silicon Valley based Avaya multibillion company. Durham is new home for collaboration solutions provider Avaya's corporate HQ | WRAL TechWire For the life of me I do not know why Wells would consider SFO its HQ other than history given the environment there and the fact no major executive even lives or works there now. 3 Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted December 2, 2020 Here is some good news also reported elsewhere. Hotel off Clanton bought to become homeless transitional housing. We have to do a better job of getting people off the streets or any billion dollar stadium or high rise towers won't matter if our street level looks the way it does just north of uptown. This is exactly the kind of housing we need and with depressed prices of hotels right now this is probably a good time to buy. Roof Above converting hotel to studio apartments - Charlotte Business Journal (bizjournals.com) Houston was able to reduce people living on the streets by 40% in the last few years and Charlotte needs to do a lot better. A lot better. This is a great step. HOME (homelesshouston.org) 6 Quote Share this post Link to post Share on other sites
elrodvt 1472 Report post Posted December 2, 2020 I remember hearing about that Houston program. I seem to recall they were somewhat victims of their success in that they are so popular the funds were gone almost instantly. 3 Quote Share this post Link to post Share on other sites
kermit 12217 Report post Posted December 8, 2020 anybody care to speculate? 8 Quote Share this post Link to post Share on other sites
KJHburg 69646 Report post Posted December 8, 2020 I will bite. It could be an expansion of Allstates hub here on Cousins newly acquired property as @atlrvr hinted or maybe Vanguard resurfaces. 2 Quote Share this post Link to post Share on other sites
atlrvr 4319 Report post Posted December 8, 2020 I'm actually guessing Vanguard, but not at LoSo....pure speculation.... 2 Quote Share this post Link to post Share on other sites
Blue_Devil 783 Report post Posted December 9, 2020 1 hour ago, atlrvr said: I'm actually guessing Vanguard, but not at LoSo....pure speculation.... There is a Citigroup rumor in the compliance circles here. But I wouldn't think this is that. Maybe though, they have some consent orders being issued and are Poaching from Wells and BOA. Two people I know who live in Charlotte are going to work for Citi but staying local. I imagine a hub is going to open, but they are not posting jobs here yet. 1 Quote Share this post Link to post Share on other sites
RANYC 584 Report post Posted December 9, 2020 (edited) 1 hour ago, KJHburg said: I will bite. It couldbe an expansion of Allstates hub here on Cousins newly acquired property as @atlrvr hinted or maybe Vanguard resurfaces. I can't recall from past announcements, but should we read into the lack of modifiers...e.g. "econ dev announcement" as opposed to "major econ dev announcement?" Edited December 9, 2020 by RANYC 1 Quote Share this post Link to post Share on other sites
