Click here to view this week’s SiteIndex Charlotte Hotsheet (also below). View previous hotsheets here.
Want your listings featured?
Simply click the link below and fill out the form with your property details, or email us directly at charlotte@catylist.com. Your listing may be featured in one of our upcoming weekly Hotsheets sent out to hundreds of brokers in Charlotte.
Send us your News and Transactions
Did you know that the Members on the Move post is our most viewed and reaches over 1,000 CRCBR members in our Voice Highlights newsletter? We are always looking to recognize our members for their achievements. Please send any recent news or transaction information to thevoice@crcbr.org.
Congratulations to the following CRCBR members on their recent achievements:
MPV Properties – Billy Thomas and Bailey Patrick Jr.
MPV Properties and Nance Companies are pleased to announce their first signed lease for the newest building, 11211 Allen Station Drive, within Clear Creek Business Park in Mint Hill, NC. The new tenant, GTM Construction, will take 4,800 square feet, an expansion for the construction company specializing in paint, drywall and trim. They plan to move in by December 1st. Nance and MPV have built two identical 24,000 SF buildings at the business park and are capitalizing on the strong demand for warehouse space in Charlotte’s suburbs. Billy Thomas and Bailey Patrick Jr. of MPV are leasing the speculative building.
Coming up empty in your search for a property? Post a need or want to Catylist Research members. Watch the video for details on posting a need or want, and reach out to the HelpDesk with any questions you may have.
By Miriam Hall
The coronavirus pandemic has not yet caused major distress for office owners, but the billions of loans out on properties with leases in their final stretch show just how much is at risk in the country’s priciest office markets.
Borrowers of about $3.3B in commercial mortgage-backed securities debt across 125 loans and 245 properties have requested forbearances so far, according to a joint Trepp and Compstak report released this month.
Roughly $27.7B of the $145B CMBS office loans Trepp tracks are set to mature by 2022. What’s more, nearly 35% of the total loan pool, or $50B, has exposure to a major tenant with a lease that will expire by the end of 2022, when many experts predict the economy will still be healing.
Download Catylist’s latest commercial leasing guides featuring availabilities and representation throughout the Charlotte metro area.
The new normal in real estate for most agents is to work from home. But cybersecurity experts warn that working from home increases exposure to hacking, scams, and viruses. How can you make sure you’re not more vulnerable when working from home?
The Tech Helpline staff is ready to help you keep your software up to date, ensure your Wi-Fi is secured and troubleshoot any of your tech needs! Tech Helpline understands that time is money for real estate professionals and makes it their priority to solve your tech issues quickly so you can focus on what is important.
Tech Helpline is just a call or click away! Contact them with your question or issue! Call 877-573-5612, email support@techhelpline.com or start a chat at chat.techhelpline.com. They have flexible business hours for the REALTOR® on the go: Monday – Friday from 9:00 A.M. to 8:00 P.M. and Saturday from 9:00 A.M. to 5:00 P.M.
Click here to view this week’s SiteIndex Charlotte Hotsheet (also below). View previous hotsheets here.
Want your listings featured?
Simply click the link below and fill out the form with your property details, or email us directly at charlotte@catylist.com. Your listing may be featured in one of our upcoming weekly Hotsheets sent out to hundreds of brokers in Charlotte.
For NAR members who borrowed $50,000 or less through the Paycheck Protection Program, it is now easier to receive automatic loan forgiveness. These smaller loans now require less documentation and fewer calculations than the previous process. The U.S. Small Business Administration and the Treasury Department announced the simplified process late last week.
Many NAR members who took PPP loans will benefit, says Shannon McGahn, NAR’s chief advocacy officer. “This new application (SBA Form 3508S) is one-and-a-half pages long, which is about as good as it gets for a government program and half the length of the previous EZ Application,” she says.
One in five NAR members report having taken out a PPP loan since the program was created, according to a recent NAR survey. NAR continues to actively encourage Congress, in any future COVID relief bill, to forgive loans of less than $150,000.
See NAR’s Washington Report for details.
By Jen Wilson
The development boom in the greater Charlotte region continues to show little sign of slowing, even months after the arrival of the Covid-19 pandemic in early 2020. While uncertainty remains about what the future holds for commercial real estate and development after this year’s upheaval of the business world, for now, cranes are still moving all over town.
The Charlotte Business Journal’s Heavy Hitters Commercial Real Estate Awards program highlights the region’s best developments of the past year. Projects considered for this recognition were substantially completed between July 1, 2019, and June 30, 2020.
Two dozen projects have been chosen as finalists, representing a variety of uses.
Winners will be revealed across 10 categories — ranging from office developments and space buildouts to multifamily housing, entertainment and hospitality projects, retail and health-care facilities — during a virtual event on Oct. 15.
