Members on the Move

Habecker, Shealy Named Associates At Beacon Partners

Two CRCBR members picked up promotions at Beacon Partners recently.

Alex Habecker

Claire Shealy

Alex Habecker has joined Beacon Partners as an Associate. Habecker will be responsible for leasing and marketing Atando Business Park, a 1.1-million square foot industrial park in Charlotte. He will also assist the industrial team with leasing Beacon’s existing portfolio and pursuing new acquisition opportunities. 

A graduate of the US Military Academy at West Point, Habecker earned a degree in accounting and business management. After graduating, he spent over eight years combined with the Airborne Division of the Army in Fayetteville and as Commander, Operational Detachment – Alpha at 7th Special Forces Group in Destin, Fla.

Claire Shealy has joined Beacon Partners as an Associate. Her focus will be working with the office team to lease and market Beacon’s 800,000-square-foot office portfolio, as well as pursuing the company’s future office developments and acquisitions. Shealy received her bachelor’s degree from the University of Georgia. After living for three years in Atlanta, where she worked for a non-profit startup and a fine jewelry company, the North Carolina native returned to receive a master’s degree from the University of North Carolina Kenan-Flagler Business School.

Spectrum Companies To Lease Out Carson South End Project

The Spectrum Companies will handle all leasing for South End project Carson & Tryon, a mixed-use project under development. According to The Charlotte Business Journal, the building is a 31-story, mixed-use tower that will include nearly 560,000 square feet of office space, 10,000 square feet of retail space, 190 Novel-branded apartments, and a 200-room hotel.

Spectrum managing director Virginia Luther and senior director of leasing Maddy Howey, also CRCBR members, are part of the leasing team.

Snowden, Hanna Help in Sale of Westinghouse Building

Foundry Commercial’s Warren Snowden and David Hanna, both CRCBR members, helped in the purchase of an industrial facility in southwest Charlotte for $13.5 million, 

According to The Charlotte Business Journal, Snowden and Hanna represented Edgewater Ventures and Stockbridge Capital Group in the transaction.

The Boy Scouts of America sold the 152,852-square-foot building, but will operate the facility as a national distribution center.

Colliers Trio, CRCBR Members Lease Brookshire Property

Colliers Industrial is pleased to announce the lease of this 8,350 SF building at 6017 Brookshire Blvd in northwest Charlotte. Justin L. Smith and Gregory Gosselin assisted the local owner in the lease of the I-2 property. Colliers agent John Ellis represented the tenant.

CBCBR’s Hamer Part Of 10-Year Lease Deal in SC

NewLeaf Broker in Charge Morgan Hamer recently closed a 10-year lease deal at the RedStone shopping center in Indian Land, SC. NewLeaf Commercial Real Estate exclusively represented the tenant. Hamer announced the sale on LinkedIn.

MPV Properties Duo Brings Chicken Fast Food Location to Carolinas

CRCBR members Joey Morganthall and Robbie Adams of MPV Properties were part of a move bringing another Super Chix Chicken and Custard to the Carolinas.

“We are incredibly excited to bring a delicious new restaurant concept to RedStone,” Morganthall said in a press release. “Super Chix Chicken & Custard has something for everyone, from chicken sandwiches, salads, tenders, and premium frozen custard.”

The fast-food chain will lease Suite A-1, a 2,868 SF space at the shopping mall, located at Hwy 521 and Hwy 160 in Indian Land, SC. The fast/casual restaurant plans on an opening later this year. This will be Super Chix’s second location in the Charlotte metro area. The first was in Fort Mill.

Morganthall and Adams represented the developer and the tenant in this transaction.

CRCBR President On Top 150 List

Commercial Real Estate Influencers (CREi) named CRCBR board president Brett Gray to the list for the second straight year (#25). Gray, a managing principal at Cushman & Wakefield, made his announcement on LinkedIn in late June.

Leadership Spotlight – Chandler Knox

Get to know CRCBR’s members in our Leadership Spotlight series. This issue, we’re featuring Chandler Knox, Brokerage Associate for Park Commercial Real Estate. Chandler is also part of our 2022 Board of Directors. Check out our Q & A with Chandler:

Current position/Industry Specialty: Brokerage/Office

Years in the industry: 7

Hometown: Charlotte

Most satisfying part of your job: Getting to interact with all different types of people across many job functions/industries. Always an opportunity to learn something new because of it. 

Last book you read or movie you’ve seen: Psychology of Money: Timeless Lessons On Wealth, Greed and Happiness by Morgan Housel

Favorite vacation spot: NC/SC Beaches

Favorite restaurant in Charlotte: 131 Main 

Hobbies/Interests: Sports, Family, Landscaping                  

One thing on your bucket list: Go to Scotland

If you could have lunch with anyone (living or dead) who would it be and why? (The late N.C. State men’s soccer coach) George Tarantini. To laugh and listen to him tell stories again. 

What you like best about CRCBR: Making connections with fellow brokers, vendors, and other commercial real estate professionals.

What else should we know about you: I don’t have an answer for this one…I’m not that interesting – my kids are 5, 3 and 5 months…

Summary of July 1 Commercial Form Changes Available

Several changes to many commercial forms in the NC REALTORS® forms library will take effect on July 1.

A list of the changed forms and a detailed summary of those changes are available at the link below. The NC REALTORS®’ approved forms software vendor has this list. Questions regarding updates of the forms software program should go to the vendor.

• Summary of Commercial Forms Changes

Hear all about the changes and improvements made to our forms and contracts this year from NC REALTORS® General Counsel Will Martin on July 11 at 1 p.m. in the Mobile Mondays Facebook Group.

Join the Facebook Group here.

SiteIndex Charlotte Hotsheet – June 22, 2022

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 in Your Listing

2040 Planning Academy Starting Tuesday, June 21

Do you have questions about all the development you see in CLT? Do you want to know more about how CLT plans for its future? Are you interested in influencing the future of your neighborhood?

The 2040 Planning Academy, formerly the Community Planning Academy, is a free 5-class program aimed at helping residents better understand the role planning plays in building communities. Through group discussions, presentations, and interactive activities, participants will learn when and how they can be involved in planning processes and help influence the future of their community.

The application window is open starting today, Tuesday, June 21, 2022, and will close on Sunday, July 17, 2022, at midnight.

To apply, go here.

CALL FOR ACTION – Uniform Partition of Heirs Property Act

This week, a CFA was issued to NCR members requesting help with HB 367 the Uniform Partition of Heirs Property Act. The CFA will focus on a targeted group of State Senators.

The CFA letter asking for support at the bottom of this post.  Please note that participation in this CFA should count as part of your CORE standards.

There is a quick turnaround time as we are trying to reach the Senators prior to them having their Tuesday, June 21 legislative planning meeting. NC Realtors representative Pam Melton put together some research on the act.

Backstory on UPHPA

Correcting a Wrong That Has Been in Place for Too Long

We have an opportunity to join many other states in protecting the ownership rights of many North Carolina families. Please read this background information below and be prepared to respond to a call for action asking you to contact your elected officials should we need your help to get the bill enacted.

The Uniform Partition of Heirs Property Act (UPHPA) is an essential tool to prevent the unnecessary or unfair loss of land. It helps preserve family wealth passed to the next generation in the form of real property. It preserves the rights of co-tenants to sell their inherited land while ensuring co-tenants are protected. The UPHPA is a common-sense Act that corrects a current process that is unfair and just simply not right.

Why is UPHPA important?
The Act protects families who inherit property. If a landowner dies without having a will, the real estate passes to their family as tenants-in-common. Inheriting land in this manner could potentially leave any co-tenant heir vulnerable to a forced sale that is below market value. UPHPA helps protect vulnerable families from losing their most valuable asset.

What is the difference between the current partition procedure and the Heirs Act?
A partition is a proceeding that takes place when a Clerk of the Superior Court orders the division or sale of a property held by two or more people. The focus of a partition is on forced sales not divisions. Under UPHPA all parties in a transaction involving heirs’ property are protected; the focus is on a fair division.

The Uniform Partition of Heirs Property Act:

• Preserves the right of a co-tenant to sell his or her interest in inherited real estate
• Provides co-tenants with the necessary due process in a partition action – notice, appraisal, right of first refusal
• Protects families lacking the financial funds to hire an attorney or estate planner
• Prevents a forced sale well below fair market value resulting in lost wealth
• If a sale is required, it ensures a court supervised commercially reasonable process to ensure all parties receive their fair share of the proceeds

Is the current partition proceeding harmful for tenants-in-common?
Yes, countless numbers of tenants-in-common have been significantly harmed by partition sales. There are many examples of families being preyed upon, patiently and methodically picked off, and forced off their land without receiving a fair market value for their property. This is an issue that is primarily (but not exclusively) faced by middle to low-income families who own real property. However, it is estimated that Black Americans, primarily in the South, have lost millions of acres of land for well over a century through partition sales.

This state has a tremendous opportunity to help protect an estimated 500 vulnerable families in North Carolina each year from losing their tenancy in common property involuntarily. This is a harmful process that has been in place for well over 125 years and it’s time to correct it!

If you have examples of families who have lost land or would benefit from the UPHPA, please contact Pam Melton, Director of Political and External Communications.

Sample letter

Senator,

Please support HB367, the Uniform Partition of Heirs Property Act.  At least 20 states (including all of our neighboring states) have recognized the need to preserve the property rights of tenants in common and enacted legislation.

HB 367 – The Uniform Partition of Heirs Property Act

• Protects family wealth
• Treats all parties fairly
• Corrects an unfair system that has been in place for well over 125 years
• Prevents a forced sale below market value

By supporting HB367 you are helping vulnerable North Carolina families retain inherited land, their most valuable asset.

CRCBR Members Take Part In N.C. Legislative Day

As part of an annual visit, CRCBR members visited North Carolina’s elected officials Tuesday and Wednesday in Raleigh. Representing the commercial real estate industry’s perspective is critical to cultivate future relationships when challenges arise in the state legislature.

SiteIndex Charlotte Hotsheet – June 14, 2022

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 in Your Listing

Two For Tuesday: REBIC Gets The New UDO Draft

REBIC executive director Rob Nanfelt and his staff recently got a hold of the second draft of Charlotte’s proposed Unified Development Ordinance (UDO).

Nanfelt said the draft came out as a redline draft of 685 pages this past Friday. The director said he’ll look and provide an initial draft analysis next week.

On Tuesday, REBIC said the second draft of the Streets Map and Streets Manual, which includes the Comprehensive Transportation Review Guidelines, is also available for review.

Finally, to complete the end-of-the-week document dump, the City requests feedback on a revised Land Development Standards Manual.

New UDO Documents

The second draft of the proposed Unified Development Ordinance (UDO) is out with additional details on the next steps and other important information. Please click on the following links to review:

• 2nd Draft Summary of Key Changes

• 2nd Draft UDO

• Charlotte Streets Map and Manual

• Upcoming Events and Opportunities for Engagement

• UDO Homepage

CLT Land Development Standards Manual Update

Proposed Revision No. 22 – DRAFT Revised details available.

The Charlotte Land Development Standards Manual (CLDSM) committee has determined that a revision and update to various details of the CLDSM is warranted. The draft details can be accessed here. For additional information, please visit the CLDSM website.

Please provide any feedback, comments, or questions about the proposed DRAFT revised details to Brendan Smith at brendan.smith@charlottenc.gov by July 15. The proposed effective date for this revision will be July 29.

Members on the Move

Rose Picks Up CCIM Life Membership Award

Kathleen Rose’s decades of hard work and service paid off with a notable commercial and investment real estate award.

Rose

The Rose & Associates Southeast, Inc. CEO/president announced on her LinkedIn account that Certified Commercial Investment Member (CCIM) awarded her a Life Membership recently. Rose went through an application process and CCIM approved it in its most recent meetings.

“Thrilled and honored to get this Life Membership award in the mail,” Rose said. “(It’s) hard to believe it has been over three decades of holding the CCIM designation. Through many market cycles, the fundamentals endure. Still proud as ever of this designation and organization and all of the wonderful and inspiring professionals in it, many of whom have become my dearest friends and colleagues. Onward!”

Rose is also a current active member of CRCBR, CCIM, CRE and ULI.

Rose & Associates recently announced the sale of a Davidson office condo property on June 2.

Recently, Rose and Daniel Bellot of Rose Associates worked with Park Commercial Real Estate’s Chandler Knox on a Davidson office condo sale on June 2. The team made the announcement on LinkedIn.

Rose Associates represented the seller in the $1.7 million deal while Park Commercial worked with the buyer.

New Member Smart Recently Named Director

Cushman & Wakefield announced on May 16 that the commercial real estate services firm recently hired Louis Smart as Director. He will join the Sunbelt Multifamily Advisory Group and focus on institutional investors.

“Louis is a key player in continuing the Sunbelt Multifamily Advisory Group’s growth in the Carolinas. He brings experience in the institutional space, and we’re fortunate to have top talent like him on our team,” said Brett Gray, Managing Principal of Cushman & Wakefield’s Charlotte, Triad, and South Carolina operations.

Gray is also CRCBR’s current president.

“It’s great to have Louis on board because his experience on the buying side of the business gives him a unique skill set and network that we can immediately leverage to grow our Carolinas platform,” added Michael Saclarides, Senior Director of the Sunbelt Multifamily Advisory Group.

Before Cushman & Wakefield, Smart was at Foundry Commercial, where he focused on developing and acquiring office and industrial properties in the Carolinas.

“I’m thrilled to be joining a dynamic team with a stellar track record across the Southeast and look forward to serving our institutional clients throughout the Carolinas while continuing to grow our platform,” said Smart.

Odds and ends

Commercial real estate firm JLL recently promoted CRCBR member Chase Monroe to East region leader. According to the Charlotte Business Journal, Monroe, who served as Charlotte’s brokerage lead since 2011, will oversee the Chicago-based company’s occupier and tenant representation business on the East Coast and Midwest.

Monroe

In a news release, Monroe said he was looking forward to the transition of a new chapter in his career that would allow him to continue focusing on Charlotte and the Carolinas while expanding his reach.

“I’m honored and excited to transition into this new chapter of my career in which I’m able to continue focusing on Charlotte and the Carolinas and also have the opportunity to apply my experience throughout the east region,” he said in a press release.

Taylor Allison, another CRCBR member, was also promoted in the company. The Charlotte-based Allison is now a senior director at JLL.