Early Voting Begins This Week for 2020 Primaries!

Early Voting for the March 3rd Primary Election begins this Thursday, February 13th! For more information on where to vote, please use the links below.

Click here for Mecklenburg County Early Voting Information

Posted in Legislative, Local

Members On the Move – February 5, 2020

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:

Colliers International
Marlboro Development Team, Inc. (MDT) is pleased to announce the commencement of a long-term lease for a 40,000 square foot manufacturing facility with Symmetrix Composite Tooling (Symmetrix). The facility, located at 860 Connor Street in Statesville, NC, was acquired and rehabilitated by MDT prior to occupancy by Symmetrix. Colliers International Charlotte was pleased to work with Symmetrix and Marlboro Development Team (MDT) on this requirement.

Colliers International and JLL
Principal Financial Group® has signed a lease for 106,000 square feet at 401 McCullough Drive in the University submarket. The building, now known as “Proximity Park”, dates back to the 1970s when it was originally built for Allstate. Principal® expects to begin transitioning employees into the Proximity Park location in August. The 205,000 square foot building was purchased in 2017 by Tempus Realty Partners with the intent to completely renovate the building and 32-acre campus into a more modern and functional office park.Jamie Boast, Chris Schaaf and Olivia Matthews with JLL represented Principal and Brad Grow, Chandler Knox and Dylan Kwasniewski of Colliers International represented Tempus Realty Partners.

MPV Properties – Bailey Patrick Jr. and Billy Thomas
Nance Companies & MPV Properties (MPV) are pleased to announce the beginning of construction on the third office/warehouse building at Clear Creek Business Park at 11211 Allen Station Drive in Mint Hill, NC. The firms purchased the property at the end of 2019 and are co-developing a speculative 24,000 SF building after the initial building was fully leased before completion. They hope to continue attracting businesses looking for a spacious setting and quick access to the greater Charlotte MSA via I-485, Highway 74, and Highway 24/27. Construction is scheduled to be finished by August of 2020.

SouthEast Commercial Real Estate Group, Inc. – Donald W. Wyks
Donald represented the Seller in the sale of 10036 Park Cedar Dr. as an investment property, with a sales volume of $1,990,000.

SouthEast Commercial Real Estate Group, Inc. – Mike Kirby
Mike was the sole broker in the sale of 3400 Tuckaseegee Rd., formerly known as the Milestone Club, representing the Seller with a sales volume was $600,000.

SouthEast Commercial Real Estate Group, Inc. – Bobby Davis
Bobby represented the Tenant, AU Optometry, in the lease of 8814 Rachel Freeman Way in Berewick Town Center with a lease amount of $237,245.

SouthEast Commercial Real Estate Group, Inc. – Larry Core and Gino Chiaravalloti
Representing the Tenant, Gerber Collision, in the 15 year term lease transaction at 6701 E. Independence Blvd. with a lease amount of $3,177,600 Sole brokers representing the Seller in the purchase of 4 acres on Hwy 21 in Huntersville. Sale volume $800,000
Sole brokers representing the Seller in the purchase of 1.02 acres at 1120 S. Mint Street. Sale volume $3,740,000

Posted in Local, Members on the Move, Membership

Welcome New CRCBR Members

We are proud to introduce our new association members! The following is a list of individuals who have joined CRCBR since December 5:

Posted in Local, Membership

2020 Leadership Class Spotlight: Scott Fuller

Name: Scott Fuller

Company Name: Legacy Real Estate Advisors

Current position/Industry Specialty: Senior Broker, Office and Industrial Sales.

Years in the industry: 4

Hometown: Akron, Ohio

Most satisfying part of your job: Sharing with clients and partners current industry trends, latest market news and best practices.

Last book you read or movie you’ve seen: Wild at Heart by John Eldredge

Favorite vacation spot: Our family has always felt that the greatest vacations are those where you can share new experiences with a mixture of exploration and relaxation. There is much to see, and not enough time to see it.

Favorite restaurant in Charlotte: Fin and Fino, “The Treatment”.

Hobbies/Interests: Supporting conservation of our National Parks, Natural Resources and Wildlife. Enjoying the outdoors through Skiing, Mountain Biking, Hiking, Hunting, Fly/Offshore Fishing, Camping and Snowmobiling.

One thing on your bucket list: Earning my pilot’s license.

If you could have lunch with anyone (living or dead) who would it be and why? Andrew Carnegie. “Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results.”

What you like best about CRCBR: CRCBR has provided many chances for networking with colleagues, invaluable to a young real estate broker.

What else should we know about you: My wife Caroline and our dog Tala are my favorite travel companions.

Posted in Leadership Spotlight, Local, Membership

Opportunity & Entrepreneurship Summit is on February 7

White House Opportunity and Revitalization Council is hosting an Opportunity & Entrepreneurship Summit on February 7.

Click here to register.

About this Event

On Friday, February 7, 2020 the White House Opportunity and Revitalization Council is hosting an Opportunity & Entrepreneurship Summit with community and small business stakeholders in Charlotte, N.C.

On behalf of Ashley D. Bell, White House Policy Advisor for Entrepreneurship and Innovation, we would like to invite you to join us for this discussion. The event will bring together community leaders and entrepreneurs to discuss best practices for revitalization, Opportunity Zone investments, and collaboration at all levels of government and business.

Mr. Bell will highlight and share success stories from communities around the country and answer questions. Among other topics, we will discuss the continued streamlining, coordinating, and targeting of existing Federal programs towards Opportunity Zones.

Event Topics to Include:

  • City of Charlotte: Opportunity Zone Overview
  • Access to Capital Roundtable
  • Leveraging Federal Programs for Opportunity Zones
  • Small Business Contracting Panel

(Full Agenda Forthcoming)

Background Information

In 2017, President Trump signed the Tax Cuts and Jobs Act, which established Opportunity Zones to incentivize long-term investments in low-income communities across the country. These incentives offer capital gains tax relief to investors for new investment in designated Opportunity Zones. Opportunity Zones are anticipated to spur $100 billion in private capital investment. Qualified Opportunity Zones retain this designation for 10 years.

In December 2018, President Trump signed Executive Order 13853, which established the White House Opportunity and Revitalization Council. The Council is chaired by Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, and is tasked with leading joint efforts between agencies and executive departments to engage with State, local, and tribal governments to find ways to better use public funds to revitalize urban and economically distressed communities.

In April 2019, the White House hosted more than 170 municipal and county officials for an Opportunity Zone Conference. The event consisted of briefings and discussion on regulatory and implementation developments, sharing best practices, and highlighting successes. You can find a full video recap of the event here: White House Opportunity Zone Conference. For more information on Opportunity Zones, please visit OpportunityZones.gov.

Please contact Levi Kinnard at Timothy.Kinnard@sba.gov with any questions.

Posted in Events, Industry, Opportunity Zones

New Urban Land Institute Report Finds Improving Energy Efficiency of Class B and C Office Buildings Boosts Property Values as Well as Building Performance

By Justin Arnold

Improving the energy efficiency of Class B and C office buildings is doable with relatively simple, lower-cost measures that not only enhance building performance, but boost property values to make the buildings more competitive with Class A space, according to new research from the Urban Land Institute (ULI).

Unlocking Hidden Value in Class B/C Commercial Buildings explores the opportunities and challenges associated with incorporating energy efficient retrofits and upgrades in buildings that tend to be bypassed for such improvements due to skepticism regarding the payback for the effort. The report, generously supported with funding from the Building Owners and Managers Association and Yardi Systems Inc., was prepared by The ULl Greenprint Center for Building Performance and the Rocky Mountain Institute.

“In a changing market with evolving tenant preferences, new energy efficiency technologies, and continued policy action to reduce building emissions, buildings implementing energy efficiency can stay ahead of the market,” said Billy Grayson, executive director of The ULI Center for Sustainability and Economic Performance, which includes the Greenprint Center.

Unlocking Hidden Value points to the disadvantages keeping Class B and C property owners and managers from fully embracing green building practices:

  • Information-constraints – stakeholders are often so consumed with daily operations that they do not focus on staying abreast of best practices in energy efficiency;
  • Resource constraints – Class B and C buildings rarely have staff dedicated to energy efficiency efforts; and
  • Funding constraints – Budgets and capital planning for these buildings tend not to be large enough to support significant energy retrofits with large up-front costs.

Click here to read more.

Posted in Industry, Office, Technology

Members on the Move – January 22, 2020

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:

Divaris Real Estate – Diana Teitsma

  • William L. Hardin, Jr. purchased a 3,430-square-foot Hardee’s at 6727 Jordan Road in Ramseur, NC, from Hardee’s Restaurant, LLC for $180,000. Diana Teitsma represented the seller.
  • Haverty’s Furniture Company leased 30,972 square feet of retail space in Seaboard Commons at 1100 Seaboard St. in Myrtle Beach, SC. Diana Teitsma represented the tenant.
  • Mezeh Mediterranean Grill leased 2,588 square feet of retail space in Twin Lakes Center at 1125 Hatches Pond Lane in Morrisville, NC. Diana Teitsma represented the landlord.
  • The Bowls leased 2,435 square feet of retail space in Twin Lakes Center at 1125 Hatches Pond Lane in Morrisville, NC. Diana Teitsma represented the landlord.
  • Premier Martial Arts leased 1,463 square feet of retail space in Twin Lakes Center at 1125 Hatches Pond Lane in Morrisville, NC. Diana Teitsma represented the landlord.

Divaris Real Estate – Charles Neil
Nails N Spa renewed its lease for 1,181 square feet of retail space in Wendover Village at 4203 West Wendover Ave. in Greensboro, NC. Charles Neil represented the landlord.

Insite Properties and JLL – Jonathon Douglas, Barry Fabyan and Charley Leavitt
The Refinery, located at 1213 W Morehead, added two new tenants to the building roster in the month of December. Vaco, a talent & staffing solutions firm with 40+ locations around the country, occupied and opened its new 8,000 SF location in the building in early December. Pinnacle Bank also signed a new lease and will start construction soon on their 11,000 SF space that will be their Charlotte headquarters. The Refinery, developed by Charlotte based Insite Properties in partnership with Northridge Capital, is a 107,000 square foot creative office building located at 1213 W Morehead St which delivered in mid-2019. Barry Fabyan and Charley Leavitt at JLL represented the Landlord on both lease transactions.

Posted in Local, Members on the Move, Membership