RE/MAX Executive – Commercial Division is pleased to announce the recent sale of 15608 & 16516 Old Statesville Road located in Huntersville, North Carolina. Scott Mladenik represented the seller in this transaction. This transaction closed on May 13th.
RE/MAX Executive – Commercial Division is pleased to announce 16,410 sf of lease office spaced at the Chandler Building located at 13860 Ballanynte Corporate Place, Charlotte, North Carolina. Buddy Bankston represented the lessee in completing this transaction.
RE/MAX Executive – Commercial Division is pleased to announce the recent sale of 8.03 acres of land on Salem Church Road, Lincolnton, North Carolina. Jan Ringeling represented the sellers on this transaction. This transaction closed on December 22nd.
CRE valuations, costs and financing trends show healthy growth, not bubble conditions Rising property valuations, construction costs and capital market trends are heightening existing fears that the commercial real estate industry is in a bubble, but these fears are misplaced, experts say. Rising labor costs will be recouped through consumer participation in the economy, which in turns leads to continued strong fundamentals, NAREIT’s Calvin Schnure says. Financing also remains in check, Schnure adds. “Looking at the seven years that have passed, the industry has been largely refinancing existing debt, while it has been slow to increase the amount of new…