We had an amazing turnout at Monday’s Charlotte Region Commercial Board of REALTORS® & NAIOP Charlotte‘s Fall Golf Tournament. Thank you to everyone who came out to Carolina Golf Club and congratulations to all our tournament winners!
Check out a few photos from the event at https://flic.kr/s/aHBqjA8Rme, more will be added soon!
We recently had a chance to sit down with several members of WSACC’s leadership team. Here are the highlights of that conversation:
Is there capacity?
Will there be future capacity?
Note: REBIC has future plans in late October/early November to meet with WSACC guests and representatives.
– REBIC.com
CRCBR recently learned that longtime member Robert Drayton died.
In an email, NC CCIM Chapter lauded the 68-year-old Gastonia native’s many years of membership with the group and his dedication to commercial real estate in North Carolina. The group said Drayton “will have a lasting impact on our industry that will always be appreciated. We send our sympathy to his family.”
Drayton, who also worked at Atrium Health in Charlotte as a Senior Development Specialist for almost seven years, served as Charlotte’s Real Estate Portfolio Manager for nearly 20 years (April 1996 to January 2016).
On his LinkedIn page, the former North Carolina State graduate also listed he had a Counselor of Real Estate designation. Drayton was a member of the International Right of Way Association, National Association of Realtors, and Urban Land Institute.
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.
The following is a list of new members approved by the CRCBR board since June 13.
Matthew Rhodes, First National Bank
Devin Bryan, Cushman & Wakefield
Diana Williams, CBRE
Alex Frapech, CBRE
Grayson Hawkins, CBRE
Matthew Smith, CBRE
James Downs, C4 Builders, LLC
Jamal Cecil Jordan, Wilkinson ERA
Karrie Crocker, Ardor Commercial Advisors, LLC
Eric Donaldson, Cushman & Wakefield
Taylor Blackman, New Branch Real Estate Advisors
Brian Steiger, Keller Williams Premier
Israel Solomon, NorthGroup Real Estate
Addison Stratton, CBRE
Sarah Cooley, EXP Commercial
Kevin Judd, MPV Properties
Valerie Mitchener, Corcoran HM Properties
William M. Brawley Jr, William M Brawley
Dwayne Heigh, EXP Commercial
Erikah Beth Wolde-Georgis, EXP Commercial
Jeffrey Helms, Divine Real Estate
Brian Matthews, Costar/Loopnet
Justin Bingham, EXP Commercial
Kelly Brais, NorthGroup Real Estate
Shawn Widrick, Truliant Federal Credit Union
A public portal for posting UDO questions is now open. You can access the portal at the following link:
https://publicinput.com/cltudo_questions
Charlotte Development Center Staff will review all questions submitted and utilize the answers to develop resources and training for other staff and users of the UDO. The staff’s responses will come out on a rolling basis, subject to the volume of questions submitted.
As you submit questions, please do the following:
On August 15, Gov. Roy Cooper ended the two-year state of emergency associated with COVID-19. This termination brought to close many COVID-specific actions, including the freeze on expiring building and trade permits in North Carolina.
In response to the statewide declaration in March 2020, the North Carolina General Assembly passed Session Law 2020-3. The law included a provision extending the term of building-related permits that were valid between March 10 and April 28, 2020. These extensions were later lengthened twice more by the General Assembly as the pandemic continued, and that period has now concluded.
Following this change, Mecklenburg County Code Enforcement is making customers aware that the following permits will soon expire when the County’s online system gets updated on September 28:
As a reminder, the original expiration date of any permit is six months from the date of issuance or 12 months from the last performed inspection, whichever is later.
Customers can access information on expired permits at any time by logging in to the contractor dashboard and clicking the “expired permits” tab.
Mitigating expired permits is vital for many reasons – unresolved permits represent the potential for danger, and expired permits can create difficulties for property owners and contractors alike. Customers who have or will soon have expired permits should resolve them using Code Enforcement’s expired permits process. For more information, go to meckpermit.com.
By: Philip McGinnis, ACoM, ALC, CCIM
While the most publicized physical attacks on real estate agents have involved residential agents, commercial agents are equally at risk. Additionally, it’s important to remember that not all safety and security risks are external.
Currently, many markets are faced with a high office and industrial vacancy rate. These properties present huge risks to REALTORS® because they are typically isolated from populated areas, and are often difficult to access. Many of the same safety tips employed by residential agents are relevant for commercial practitioners including care with personal information, verifying customer information, announcing your showings, scouting locations early, and keeping phone in hand. Many office, multifamily and industrial properties have security cameras and security systems, which will not be very helpful if nobody knows you’re there. Finding the criminal after the crime is committed is not as beneficial as thwarting the criminal before or during the crime by having the appropriate maintenance and risk management processes in place. IREM offers a number of forms and checklists for both residential and commercial properties for this purpose.
Vacant land listings present unique challenges to safety and security because large parcels with woodlands offer obstructions to view of passersby. Vacant land parcels also contain ditches and low spots that present accident hazards. It is not uncommon for farmers to bury tree stumps, pesticides, construction debris, used tractor batteries, and other such materials in their properties, which create obvious safety risks. Prepare in advance by following the advice of REALTORS® Land Institute’s 2015 President Terri Jensen, who published a useful article on how to stay safe in rural environments.
New construction sites for multi-family, self-storage, or any other large commercial property present hazards due to the overall size of some projects, and obstructions like fencing often prevent full views to the backs of the properties. Personal safety basics like wearing appropriate gear (e.g., hard hats, sturdy shoes) and making sure the property has adequate lighting are easy ways to protect yourself. The International Association of Certified Home Inspectors and Insurance Institute for Business & Home Safety have both published articles with additional safety tips relevant for commercial professionals who work with varying property types.
Smartphone apps and other safety products enable agents to send alert signals via phone, text, social networks and email to your emergency contacts along with a GPS location; a list of expert resources is available on the NAR website. Preparing a prospect form, an agent form, and an itinerary form, among others, will allow your co-workers and family members to know where you are, and who you are with. Developing a distress code will likewise allow you to alert others to send help.
Not all risks to real estate agents are external. Commercial property brokerage is a high-stress profession, and the threat of heart attack or stroke is ever present; for instance, if an agent goes into cardiac crisis, every moment is crucial. Being able to quickly contact emergency responders is critical to survival. Adding ICE (In Case of Emergency) entries into your smart phone’s contact list enables any prospect or client to be able to dial directly to someone who can send immediate assistance. Dialing 9-1-1 is not always reliable on a cell phone, as some calls are directed to towers outside of the service area where the casualty actually occurs.
These tips are simple enough to incorporate into your business right away. The only thing more tragic than a REALTOR® being harmed while doing their job is knowing that the harm may well have been prevented with some simple best practices.
Reposted from 2015.
On Sept. 12, Cushman & Wakefield announced that the commercial real estate services firm arranged the $38.5 million sale of four buildings (The Grove I, III, IV, and V) at 8615, 8604, 8530, and 8550 Cliff Cameron Dr. in Charlotte’s University submarket. The buildings are part of The Grove, a four-building office park that totals 260,620 square feet.
Cushman & Wakefield’s Rob Cochran, Bill Harrison, Nolan Ashton, and Samir Idris represented the seller, Stream Realty Partners and Harbert Management Corporation in the transaction. B Group Capital Management acquired the four buildings.
“The Grove is a well-maintained office park recently underwent more than $2.8 million in renovations, giving it a fresh look and positioning it to continue attracting and retaining tenants. The area is within Charlotte’s University submarket, which is experiencing substantial growth as an affordable area and offers exceptional access to a talented workforce,” said Cochran, Executive Director at Cushman & Wakefield.
The Grove portfolio is home to a diverse tenant roster and offers floor-to-ceiling windows and space options to accommodate a variety of uses. As part of The Grove office park, the buildings also benefit from a dedicated amenity center for tenants, a parking ratio of 4.5 per 1,000 square feet, and outdoor common areas and walking trails throughout the office park.
Kevin Kempf recently worked to close City View Towers on Fourth Street. Kempf joined a foursome of CBRE associates on the 19-year-old building. The mid-rise building has 145 units, and CBRE announced the move on LinkedIn.
NewLeaf Brokerage announced the sale of Craft Coffee Shop recently on LinkedIn. Phillip Kolb represented the seller. The deal closed in under 30 days.
Casey Mulhern, Ben Rowell, and Lane Holbert recently closed the property at 319 Old Hebron Road. Foundry announced the deal on LinkedIn. The building is 18,000 square feet.
Chris Lingerfelt announced he left JLL to become a partner at Piedmont Capital recently. Lingerfelt announced the move on LinkedIn. Earlier this year, the CRCBR member represented Childress Klein and Ram Realty Advisors in a sale of Lowe’s Global Technology Center.
Jaben Starnes recently announced the sale of a W. Innes Street building in Salisbury on LinkedIn. Starnes represented the buyer and seller while eXp Realty brokered. Starnes said the structure went at a 5.48% cap at $517,000.
Starnes represented the seller and buyer with brokering from eXp Commercial for the 5,006-square-foot building. Starnes also announced a $925,000 sale of 4525 Motorsports Drive in Concord. In his LinkedIn post, the Charlotte commercial real estate broker said the process went quick. He cold-called the owner’s wife, and after a short time, there were multiple offers within the first week of listing.
“We ended up getting creative and proceeded with a high-down payment owner finance structure to mitigate his tax exposure on capital gains,” Starnes recounted on LinkedIn.
Ascent Real Estate Partners recently promoted Chapman Chastain to partner. The former associate broker joined the team in 2017 after five years. Chastain announced the move on LinkedIn.
“It’s been a fun ride over the last five years, and I look forward to continuing to get after it with some of the best in the business,” Chapman said. “Thank you to all who played a part in helping me get here!”
The Charlotte Business Journal recently featured MPV’s Redstone development in Indian Land. The company is reportedly planning a second phase for around 370 residential units and 24,000 square feet of commercial space. CRCBR member Mike Bilodeau, MPV’s development manager, told the media that the second phase’s vertical construction will be in late 2023.
Gustafson Partners Commercial Real Estate recently completed its fifth and final medical office building at Kings Crossing (10810 Mallard Creek Road) in northwest Charlotte. The CRCBR member said Charlotte Pediatric Dentistry is “upfitting their space” and has +/- 8,000 square foot space available for lease.
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.
The Charlotte Mecklenburg Planning Commission is currently seeking a new member.
This commission came about in 1954 as a result of an interlocal agreement. The city and the county formed the planning advisory body in 1954 with a renewal agreement in 1988.
Its primary responsibility is to guide the growth and development of the city and the unincorporated areas of Mecklenburg County through short and long-term planning. The Planning Commission principally conducts business in the Planning Committee and the Zoning Committee.
The Charlotte Equitable Development Commission also seeks to fill at least one vacancy. This commission was created by adopting the Policy Section of the Future Charlotte 2040 Comprehensive Plan by City Council resolution on June 21, 2021. The commission advises infrastructure assessments throughout the city and recommends strategies that balance equitable investments in most disadvantaged areas, including rooms with absent and insufficient facilities, sites growing fastest, and areas primed for growth. The commission will work with the Office of Strategy and Budget to provide input on the development and/or implementation of the city’s proposed Capital Investment Plan. The commission will regularly update the Budget and Governance Council Committee and quarterly reports to the entire Council.
Interested? Visit the City of Charlotte’s Boards and Commissions website for more information.
– REBIC.com
Charlotte Region Commercial Board of REALTORS® BLOG 