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Mecklenburg Times: News for Mecklenburg, Union and Iredell counties
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class="elementor-element elementor-element-eb3b27c elementor-widget elementor-widget-asnt_legal_feeder_with_two_column" data-id="eb3b27c" data-element_type="widget" data-widget_type="asnt_legal_feeder_with_two_column.default"> <div class="elementor-widget-container"> <div class="top-news-section legal-category legal-category-with-two-column "> <h2 class="main-heading"> Project Center </h2> <div class="section-header"> </div> <ul> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002526" target="_blank"><b>Construction - Building: South Carolina Department of Administration - Energy Conservation Implementation</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002526" target="_blank"><span>Statewide, SC | South Carolina Department of Administration</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002520" target="_blank"><b>Construction - Building: City of Raleigh, Cabinet Replacements at Brier Creek, Laurel Hills, and Green Road Community Centers</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002520" target="_blank"><span>Raleigh, NC | City of Raleigh</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002515" target="_blank"><b>Construction - Building: Town of Mayesville - Old Town Hall Design/Build</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002515" target="_blank"><span>Mayesville, SC | Town of Mayesville</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002509" target="_blank"><b>Construction - Infrastructure: Seneca Light and Water, Shoreline Stabilization Northwest Rd / HWY 123</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002509" target="_blank"><span>Seneca, SC | City of Seneca Light & Water</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002498" target="_blank"><b>Construction - Building: East Carolina University, Whichard Building Comprehensive Renovation</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002498" target="_blank"><span>Greenville, NC | East Carolina University</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002489" target="_blank"><b>Construction - Building: City of Charlotte, On-Call Plumbing Services</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002489" target="_blank"><span>Charlotte, NC | City of Charlotte</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002459" target="_blank"><b>Construction - Infrastructure: University of South Carolina, UMP070 West Tunnel Repairs Phase II</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002459" target="_blank"><span>Columbia, SC | University of South Carolina</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002431" target="_blank"><b>Construction - Infrastructure: City of Camden, Water System Upgrade Project (SCIIP Project A-23-C120)</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002431" target="_blank"><span>Camden, SC | City of Camden</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002422" target="_blank"><b>Construction - Infrastructure: Beaufort - Jasper Water & Sewer Authority, 1347 Ribaut Road Gravity Sewer Replacement</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002422" target="_blank"><span>Beaufort, SC | Beaufort - Jasper Water & Sewer Authority</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002417" target="_blank"><b>Construction - Miscellaneous: City of Asheville, Lewis McCormick Field Athletic Equipment</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002417" target="_blank"><span>Asheville, NC | City of Asheville</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002029" target="_blank"><b>Architectural/Engineering: City of West Columbia, Request for Qualifications for Riverside Water Treatment Facility, Master Plan</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002029" target="_blank"><span>West Columbia, SC | City of West Columbia</span></a> </li> <li> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002208" target="_blank"><b>Construction - Infrastructure: Town of Ridgeland, Sewer Resiliency Improvements -Gravity Sewer Rehabilitation Project</b></a> <a href="https://www.carolinasprojectcenter.com/projectcenter/?/view/1002208" target="_blank"><span>Ridgeland, SC | Town of Ridgeland</span></a> </li> <li> <a 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data-id="217ba6b" data-element_type="widget" data-widget_type="asnt_heading_and_article_listing_with_ads.default"> <div class="elementor-widget-container"> <div class="news-landing-page ns-landing-page"> <div class="content-section"> <div class="row"> <div class="col-sm-3 left-cs"> <a href="https://mecktimes.com/news/category/news/construction-news/"><h2 class="title">Construction</h2></a> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/10/23/u-s-commercial-foreclosures-spike-in-september-with-significant-year-over-year-increase/">U.S. Commercial foreclosures spike in September with significant year-over-year increase </a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/10/10/construction-sector-adds-25000-jobs-in-september/">Construction Sector Adds 25,000 Jobs In September </a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/09/25/construction-employment-increases-in-39-states-between-august-2023-and-august-2024/">Construction employment increases in 39 states between august 2023 and august 2024 </a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/09/18/construction-firms-add-34000-jobs-in-august-with-gains-in-all-subsectors-as-industry-unemployment-rate-hits-record-august-low-of-3-2-percent/">Construction firms add 34,000 jobs in August with gains in all subsectors as industry unemployment rate hits record august low of 3.2 percent </a></p> </div> </div> <div class="col-sm-9"> <div class="right-cs"> <div class="content-box"> <a href="https://mecktimes.com/news/2024/11/21/krazy-curry-adds-culinary-spice-to-one-south-lineup/"> <div class="featured-image"><img width="304" height="175" src="https://mecktimes.com/files/2024/11/OneSouth_Final008-304x175.jpg" class="attachment-article-list-thumb size-article-list-thumb wp-post-image" alt="" decoding="async" loading="lazy" /></div> <div class="title"><h2 class="rc-img-title">Krazy Curry Adds Culinary Spice to One South Lineup </h2></div> <div class="desc"><p class="news-description"> One South and Foundry Commercial have announced Krazy Curry is coming soon to One South, a 40-story, Class-A office tower located at the intersection of Trade and Tryon Streets in uptown Charlotte. Covering 3,132 square feet, Krazy Curry’s new location in the heart of uptown is expected to open in January 2025, in a spot formerly occupied by Salsarita’s Fresh Mexican Grill. Krazy Curry adds to a robust food and beverage lineup at One South that includes Eddie V’s, Tupelo Honey, Devon & Blakely, Starbucks and Chick-Fil-A. Krazy Curry, a modern Indian-Nepali restaurant, offers a vibrant fusion of flavors and spices that will transport diners to the bustling streets of Kathmandu and the aromatic markets of New Delhi. The restaurant will serve made-from-scratch favorites such as garlic naan bread, mango lassis, vegetable samosas, paneer tikka masala, butter chicken, lamb vindaloo and, of course, curry. Its menu options can easily accommodate vegetarian and vegan diets as well. Moreover, Krazy Curry will have catering services for those planning to host large professional or personal gatherings. The One South location will be Krazy Curry’s second location and its first one in Charlotte. Its original restaurant is located in Pineville in the Terraces at Park Place shopping center. “Before we opened our restaurant in Pineville, we operated a takeout-only business in uptown near South End,” Krazy Curry owner Sabash Karki said. “When we closed that location to focus on the Pineville restaurant, we knew we wanted to return to uptown when the right opportunity came along. After COVID, many Indian restaurants stopped offering buffets. But with more companies adopting hybrid work or bringing employees back to the office, we felt this location was the perfect spot to reintroduce the buffet experience for people in the uptown area.” Krazy Curry will serve an executive lunch buffet from 11 a.m. to 2 p.m., which will be ideal for employees with limited time to dine out. After the buffet hours end, the restaurant will switch to an à la carte menu for more personalized orders. It will also provide a selection of beer and wine to complement its meals. The new restaurant will supply delivery and takeout services directly through its own app and website, where customers can conveniently place orders without additional platform fees. Karki plans to operate the One South location during the same hours as his other restaurant in Pineville, from 10:45 a.m. to 10 p.m. However, hours at the uptown location may be adjusted in the future based on demand and customer preference. The announcement follows One South’s recent announcement of more than 70,000 square feet of office leases, including Shumaker, Robert Half, Protiviti, Huntington National Bank and The Siegfried Group. “Uptown is certainly a bustling environment, especially at lunch time with so many offices located in the center of the city,” Foundry Commercial Senior Associate Nicole Edmonds said. “We are eager to welcome an expanding and delicious brand like Krazy Curry to One South and to be able to provide busy employees with a wider variety of dining choices for their mid-day meal.” Edmonds, along with Foundry Commercial Senior Vice President Keely Hines, represented One South in the leasing transaction. </p></div> </a> </div> <div class="content-box"> <a href="https://mecktimes.com/news/2024/10/31/construction-employment-increases-in-227-of-358-metro-areas/"> <div class="featured-image"><img width="262" height="175" src="https://mecktimes.com/files/2018/08/construction-labor-shortage.jpg" class="attachment-article-list-thumb size-article-list-thumb wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://mecktimes.com/files/2018/08/construction-labor-shortage.jpg 7360w, https://mecktimes.com/files/2018/08/construction-labor-shortage-290x194.jpg 290w, https://mecktimes.com/files/2018/08/construction-labor-shortage-768x513.jpg 768w, https://mecktimes.com/files/2018/08/construction-labor-shortage-1024x683.jpg 1024w, https://mecktimes.com/files/2018/08/construction-labor-shortage-180x120.jpg 180w, https://mecktimes.com/files/2018/08/construction-labor-shortage-600x400.jpg 600w, https://mecktimes.com/files/2018/08/construction-labor-shortage-1296x864.jpg 1296w, https://mecktimes.com/files/2018/08/construction-labor-shortage-972x648.jpg 972w, https://mecktimes.com/files/2018/08/construction-labor-shortage-468x312.jpg 468w" sizes="(max-width: 262px) 100vw, 262px" /></div> <div class="title"><h2 class="rc-img-title">Construction employment increases in 227 of 358 metro areas </h2></div> <div class="desc"><p class="news-description"> Construction employment rose in 227, or 63 percent, of 358 metro areas between September 2023 and September 2024, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted that more metros would have construction employment gains if public officials provided more opportunities for individuals to acquire needed skills. “Every month, more than 60 percent of metro areas record year-over-year increases in construction employment,” said Ken Simonson, the association’s chief economist. “But contractors consistently say they can’t find enough qualified workers despite paying wages that far exceed the private sector average.” Simonson added that average hourly earnings for construction craft workers and other so-called production and nonsupervisory employees averaged $35.92 per hour in September 2024. That was more than 18 percent higher than the all-private average of $30.33 for production and nonsupervisory employees. Houston-The Woodlands-Sugar Land, Texas added the most construction jobs (16,600 jobs or 7 percent) between September 2023 and September 2024, followed by Northern Virginia (8,300 jobs or 10 percent), Las Vegas-Henderson-Paradise, Nev. (6,700 jobs, 8 percent); Miami-Miami Beach-Kendall, Fla. (6,400 jobs, 11 percent); and Orlando-Kissimmee-Sanford, Fla. (5,400 jobs, 6 percent). Anchorage, Alaska recorded the largest percentage increase (17 percent, 2,100 jobs), followed by Urban Honolulu, Hawaii (16 percent, 4,400 jobs); Kahului-Wailuku-Lahaina, Hawaii (15 percent, 700 jobs); and 13 percent gains in Fairbanks, Alaska (400 jobs), Detroit-Dearborn-Livonia, Mich. (3,500 jobs) and Logan, Utah-Idaho (500 jobs). Construction employment declined over the year in 63 metro areas and was unchanged in 68 areas. The largest job loss occurred in New York City (-8,800 jobs, -6 percent), followed by Portland-Vancouver-Hillsboro, Ore.-Wash. (-4,000 jobs, -5 percent); San Jose-Sunnyvale-Santa Clara, Calif. (-2,800 jobs, -5 percent); and Orange-Rockland-Westchester, N.Y. (-2,600 jobs, -5 percent). The largest percentage decrease occurred in Bloomington, Ill. (-13 percent, -500 jobs), followed by Duluth, Minn.-Wis. (-8 percent, -800 jobs); Grants Pass, Ore. (-8 percent, -100 jobs); and Calvert-Charles-Prince George's, Md. (-7 percent, -2,200 jobs). Association officials urged public officials to do more to enable students and workers to learn about the high pay and career advancement opportunities in construction. They noted that the federal government currently spends four times more on college education than on career and technical programs. “The mismatch in funding means that good-paying construction jobs go unfilled while too many college graduates are saddled with high debt and limited career prospects,” said Jeffrey D. Shoaf, the association’s chief executive officer. “With better funding and publicity to open up opportunities in construction, public officials can ensure that projects stay on schedule and more metro areas will enjoy employment gains.” </p></div> </a> </div> <div class="ad-section"><!-- home_category_300x250_home_cat1 --> <div id="div-gpt-ad-home_category_300x250_home_cat1" class="div-gpt-ad-home_category_300x250_home_cat1 home_category_300x250_home_cat1 dfp_ad_pos"> <script type='text/javascript'> googletag.cmd.push(function () { googletag.display('div-gpt-ad-home_category_300x250_home_cat1'); googletag.pubads().collapseEmptyDivs(true); }); </script> </div> </div> </div> <div class="more-stories"><a href="https://mecktimes.com/news/category/news/construction-news/">More stories</a></div> </div> </div> </div> </div> <!-- </div> --> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-aea5fbb elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="aea5fbb" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6831e84" data-id="6831e84" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-1c2161b elementor-widget elementor-widget-asnt_heading_and_article_listing_with_ads" data-id="1c2161b" data-element_type="widget" data-widget_type="asnt_heading_and_article_listing_with_ads.default"> <div class="elementor-widget-container"> <div class="news-landing-page ns-landing-page"> <div class="content-section"> <div class="row"> <div class="col-sm-3 left-cs"> <a href="https://mecktimes.com/news/category/women-led-businesses/"><h2 class="title">Women-led businesses</h2></a> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/09/27/smart-fiber-communications-llc/">Smart Fiber & Communications, LLC</a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/09/27/platinum-coatings/">Platinum Coatings</a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/09/27/mecklenburg-paint-co-inc/">Mecklenburg Paint Co. Inc.</a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/09/27/designbar-llc-crafting-innovative-commercial-interiors/">DESIGNBAR LLC: Crafting Innovative Commercial Interiors</a></p> </div> </div> <div class="col-sm-9"> <div class="right-cs"> <div class="content-box"> <a href="https://mecktimes.com/news/2024/09/27/the-miller-hogue-law-firm-p-c-pioneering-women-owned-real-estate-law/"> <div class="featured-image"><img width="304" height="175" src="https://mecktimes.com/files/2024/09/Miller-Hogue-Logo-304x175.jpg" class="attachment-article-list-thumb size-article-list-thumb wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://mecktimes.com/files/2024/09/Miller-Hogue-Logo-304x175.jpg 304w, https://mecktimes.com/files/2024/09/Miller-Hogue-Logo-200x116.jpg 200w, https://mecktimes.com/files/2024/09/Miller-Hogue-Logo-215x125.jpg 215w, https://mecktimes.com/files/2024/09/Miller-Hogue-Logo-258x150.jpg 258w, https://mecktimes.com/files/2024/09/Miller-Hogue-Logo-120x70.jpg 120w, https://mecktimes.com/files/2024/09/Miller-Hogue-Logo-50x29.jpg 50w" sizes="(max-width: 304px) 100vw, 304px" /></div> <div class="title"><h2 class="rc-img-title">The Miller-Hogue Law Firm, P.C.: Pioneering Women-Owned Real Estate Law</h2></div> <div class="desc"><p class="news-description"> Founded in 2002 by Janeen Miller Hogue at the age of 31, The Miller-Hogue Law Firm, P.C. stands as a testament to female entrepreneurship in the legal sector. As the youngest woman-owned and longest-running solo real estate law firm in Charlotte, it has carved a unique niche in a traditionally male-dominated field. Now in its 22nd year of operation, the firm has consistently achieved annual revenues of $1 million, demonstrating its stability and success in a competitive market. With a team of three, led by Owner/President Janeen Miller Hogue, the firm embodies the spirit of efficient, focused legal practice. Janeen's journey is inspired by a lineage of enterprising women. Her grandmother, with a 7th-grade education, supported her family through the Great Depression by running a basement store. Her mother, despite not attending college, successfully operated a real estate brokerage for decades. This heritage fuels Janeen's belief that owning a business is "boundless and empowering." The firm's success is particularly noteworthy given the challenges of the real estate industry, dominated by large, established law firms. Janeen has skillfully balanced her professional achievements with her roles as a wife, mother to two young boys, and daughter to aging parents. Community engagement is a cornerstone of the firm's ethos. Janeen actively supports women through internship programs like UCREW and CPCC Paralegal Program. She contributes to various organizations, including Self-Help Community Development Corporation and Crossroads Corporation for Affordable Housing and Community Development. Her involvement extends to the Women's Impact Fund and CREW Charlotte, where she serves on the Board of Directors and Executive Team. Janeen's accomplishments have garnered numerous accolades, including being named one of the 50 Most Influential Women by The Mecklenburg Times, a Woman Extraordinaire by Business Leader Magazine, and a Most Admired CEO by The Charlotte Business Journal. She's also been recognized in the Legal Elite by Business North Carolina Magazine and as a Leader in the Law by North Carolina Lawyer's Weekly. The Miller-Hogue Law Firm, P.C. stands as a beacon of excellence in real estate law, proving that dedication, expertise, and a commitment to community can lead to sustained success in a challenging industry. </p></div> </a> </div> <div class="content-box"> <a href="https://mecktimes.com/news/2024/09/27/strata-project-management-group/"> <div class="featured-image"><img width="98" height="63" src="https://mecktimes.com/files/2024/09/Strata-Logo.jpg" class="attachment-article-list-thumb size-article-list-thumb wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://mecktimes.com/files/2024/09/Strata-Logo.jpg 98w, https://mecktimes.com/files/2024/09/Strata-Logo-50x32.jpg 50w" sizes="(max-width: 98px) 100vw, 98px" /></div> <div class="title"><h2 class="rc-img-title">Strata Project Management Group</h2></div> <div class="desc"><p class="news-description"> Founded in 2021, Strata Project Management Group has quickly established itself as a dynamic force in the construction industry. Led by Principal Amy Johnson, this Charlotte-based firm offers comprehensive project management and consulting services, guiding clients through every phase of construction from feasibility studies to post-construction support. With a team of four dedicated professionals, Strata has achieved remarkable growth in its first three years. The company's revenue jumped from $744,777 in 2022 to $884,159 in 2023, reflecting its expanding influence and client base. As a 55% women-owned business, Strata is breaking barriers in a traditionally male-dominated field. Amy Johnson, recognized as one of Meck Times' 50 Most Influential Women for 2023 and a Woman of Influence in Commercial Real Estate by Globe Street for 2024, brings a unique leadership style to the company. Her "velvet hammer" approach facilitates productive outcomes even in challenging situations, fostering a positive and solution-oriented atmosphere that sets Strata apart from competitors. Strata's commitment to empowering women extends beyond its own walls. The company partners with "She Built This City" to support women and marginalized communities in skilled trades. This dedication to diversity is not just about social responsibility; it's a strategic advantage that brings fresh perspectives and innovative solutions to complex construction challenges. Recent accomplishments include expanding into new markets such as medical and faith-based projects and supporting a start-up client's expansion into Denver and Atlanta. These achievements demonstrate Strata's adaptability and its ability to drive growth for both itself and its clients. As Strata Project Management Group continues to evolve, it remains dedicated to challenging industry norms, promoting gender diversity, and delivering excellence in project management. With its innovative approach and commitment to inclusive leadership, Strata is not just managing projects – it's building a new future for the construction industry. </p></div> </a> </div> <div class="ad-section"><!-- home_category_300x250_home_cat1 --> <div id="div-gpt-ad-home_category_300x250_home_cat1" class="div-gpt-ad-home_category_300x250_home_cat1 home_category_300x250_home_cat1 dfp_ad_pos"> <script type='text/javascript'> googletag.cmd.push(function () { googletag.display('div-gpt-ad-home_category_300x250_home_cat1'); googletag.pubads().collapseEmptyDivs(true); }); </script> </div> </div> </div> <div class="more-stories"><a href="https://mecktimes.com/news/category/women-led-businesses/">More stories</a></div> </div> </div> </div> </div> <!-- </div> --> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-539809a mobile-show elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="539809a" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1420827" data-id="1420827" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-dd85e5b ads-center elementor-widget elementor-widget-shortcode" data-id="dd85e5b" data-element_type="widget" data-widget_type="shortcode.default"> <div class="elementor-widget-container"> <div class="elementor-shortcode"><!-- Middle leadboard 320x100-2 Snippet Start --><!-- Middle leadboard 320x100-2 Snippet End --></div> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-311bde8 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="311bde8" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cfb270e" data-id="cfb270e" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-7ce58f4 elementor-widget elementor-widget-asnt_heading_and_article_listing_with_ads" data-id="7ce58f4" data-element_type="widget" data-widget_type="asnt_heading_and_article_listing_with_ads.default"> <div class="elementor-widget-container"> <div class="news-landing-page ns-landing-page"> <div class="content-section"> <div class="row"> <div class="col-sm-3 left-cs"> <a href="https://mecktimes.com/news/category/news/residential-real-estate-news/"><h2 class="title">Residential Real Estate</h2></a> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/11/14/opportunity-zone-housing-markets-still-keeping-up-with-broader-nationwide-price-gains-during-third-quarter/">Opportunity zone housing markets still keeping up with broader nationwide price gains during third quarter </a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/11/14/levine-properties-taps-jll-as-exclusive-leasing-partner-for-its-charlotte-office-portfolio/">Levine Properties Taps JLL as Exclusive Leasing Partner for its Charlotte Office Portfolio </a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/11/06/home-equity-gains-level-off-as-u-s-housing-market-cools-down-during-third-quarter-of-2024/">Home equity gains level off as U.S. housing market cools down during third quarter of 2024 </a></p> </div> <div class="content-box"> <p class="post-title"><a href="https://mecktimes.com/news/2024/10/30/zombie-foreclosures-remain-sparce-around-u-s-in-fourth-quarter/">Zombie Foreclosures remain sparce around U.S. in fourth quarter</a></p> </div> </div> <div class="col-sm-9"> <div class="right-cs"> <div class="content-box"> <a href="https://mecktimes.com/news/2024/11/25/linea-launches-pre-leasing-for-exclusive-high-rise-apartments/"> <div class="featured-image"><img width="304" height="175" src="https://mecktimes.com/files/2024/11/PAGE-1-Linea_Uptown-Skyline_Photo-courtesy-of-NiceDay-Creative-304x175.jpg" class="attachment-article-list-thumb size-article-list-thumb wp-post-image" alt="" decoding="async" loading="lazy" /></div> <div class="title"><h2 class="rc-img-title">Linea Launches Pre-Leasing for Exclusive High-Rise Apartments</h2></div> <div class="desc"><p class="news-description"> Linea, a 24-story tower located at 2161 Hawkins St. in South End, has officially launched pre-leasing for its 370 upscale apartment homes. Featuring stunning views, high-end finishes and an array of hotel-inspired amenities, Linea redefines upscale living in Charlotte. Linea’s striking architectural design makes it a standout addition to the South End skyline. The development is also poised to become a go-to destination with its diverse ground-floor retail and restaurants on the Rail Trail and connection to The Line via a skybridge. “Linea captures the essence of what makes South End special,” said Kate Culver, vice president of development for Portman Residential. “From its vibrant energy to its timeless design, Linea is more than just a place to live—it’s a reflection of the urban sophistication and modern conveniences today’s residents expect.” Distinctive Features & Floor Plans Linea offers a variety of floor plans featuring studio, one-, two- and three-bedroom units, including 13 penthouses. Rent for studio units starts at $1,700. Each apartment is meticulously crafted with exquisite details, setting a new benchmark for modern living in Charlotte. With features like expansive windows, premium materials and gourmet kitchens outfitted with smart appliances like Wi-Fi-enabled gas ranges with Air Fryer Mode, every aspect of these apartments is designed to inspire. Aspirational Amenities Linea’s thoughtfully curated amenities are designed to enrich every aspect of daily life, creating a seamless blend of comfort, convenience and style. Some highlights include: 24/7 on-site Bozzuto resident experience team, offering the same high-touch services as concierges in cities like New York, Chicago and Los Angeles. The Skyline Athletic Club featuring state-of-the-art cardio and strength equipment, private fitness rooms with Echelon Mirrors, a rock climbing wall with a view, and curated wellness and personal fitness programs. The Sun Deck featuring a resort-style pool with sun shelf, lounge chairs, cabanas and daybeds, as well as a fire pit, grilling stations and outdoor dining spaces. A community floor featuring the Overlook Lounge, Entertainment Hub, Billiard Parlor, The Sound Lounge and a dining space for social gatherings. A modern Work Lounge with private focus rooms, treadmill walk station and adjustable-height desks, plus an A/V-equipped conference room for meetings. Pet-friendly amenities, including a covered Paw Park with smart turf and grooming stations at the Paw Spa. A custom-designed resident app to pay rent, unlock doors, manage package deliveries, RSVP for community events, request maintenance, access perks for nearby partner businesses, and access exclusive services like dog walking, housekeeping and dry cleaning. “Our team is dedicated to providing an elevated experience for our residents with personalized service and attention to detail that goes beyond expectations,” says Kory Gebhart, Linea General Manager. "At Linea, we’re creating a community where every resident feels truly at home, supported by services and amenities that mirror the finest urban living experiences across the globe.” A Lifestyle Beyond Expectations With over 18,000 square feet of retail and dining space along the Rail Trail, including Night Swim Coffee, True Food Kitchen, BAR ONE Lounge and more on the way, residents are steps away from South End’s most desirable spots. Direct access to The Line via a skybridge and proximity to a future LYNX Blue Line light rail stop make Linea the center of urban connectivity. In addition to its thoughtful design and prime location, Linea prioritizes the resident experience with 24/7 concierge services, secure parking with EV charging stations, and a host of customizable concierge offerings such as Bozzuto’s away from home services, which includes cat care for up to three days, plant care and mail/package delivery. Portman Residential and partner National Real Estate Advisors are the developer/owners of Linea. JE Dunn was the general contractor and S9 Architecture was the design architect on the project. Foundry Commercial is managing Linea’s retail leasing. The upscale residential tower is managed by Bozzuto, which has been named a top property management company in the U.S. for online reputation by J. Turner Research and Multifamily Executive Magazine for multiple years. The temporary leasing office is located on the ground floor of The Line with initial operating hours for tours Monday-Friday from 9 a.m. to 6 p.m. and by appointment on Saturday. For more information, to schedule a tour or to sign up for pre-leasing, visit lineasouthend.com or follow @lineasouthend on Instagram and Facebook. About Linea Located at 2161 Hawkins St. in Charlotte’s vibrant South End, Linea was thoughtfully developed by Portman Residential and is expertly managed by Bozzuto Property Management. With an unwavering commitment to quality and community, Linea invites residents to experience a lifestyle that redefines modern urban living and sets a new standard for upscale apartment living in Charlotte. Learn more at lineasouthend.com. About Portman Portman Holdings, LLC, a renowned real estate development company, boasts a seven-decade legacy of high-quality projects across three continents. Founded by the visionary architect John Portman Jr., who pioneered the architect-as-developer model, the company has shaped the global landscape with extensive mixed-use developments. Currently, under the leadership of Chairman and CEO Ambrish Baisiwala and President John Portman IV, Portman Holdings continues to set the standard of excellence in the development of office, residential, industrial, hospitality, retail and mixed-use developments across the U.S. Each line of business is led by a Managing Director and supported by a corporate structure. To learn more about Portman, visit portmanholdings.com. About National Real Estate Advisors National Real Estate Advisors, LLC (“National”) is an investment manager developing, operating, and managing commercial real estate projects across the United States. National’s mission is to create lasting value through projects that produce solid, long-term returns for our clients while improving the communities in which we invest and develop. Since 2000, National's investment team has been constructing investment portfolios of diverse property assets — primarily multifamily, data centers, office, healthcare, and medical buildings. National manages separate accounts and multiple commingled investment vehicles, including a data center fund. National seeks to create value for investors by adhering to a rigorous investment process and development principles guided by profits, integrity, community, and collaboration. National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com. </p></div> </a> </div> <div class="content-box"> <a href="https://mecktimes.com/news/2024/11/21/u-s-mortgage-lending-rises-in-q3-2024-amid-refinancing-surge-but-remains-below-historic-highs/"> <div class="featured-image"><img width="262" height="175" src="https://mecktimes.com/files/2014/09/mortgage-deed1.jpg" class="attachment-article-list-thumb size-article-list-thumb wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://mecktimes.com/files/2014/09/mortgage-deed1.jpg 500w, https://mecktimes.com/files/2014/09/mortgage-deed1-290x193.jpg 290w, https://mecktimes.com/files/2014/09/mortgage-deed1-180x120.jpg 180w, https://mecktimes.com/files/2014/09/mortgage-deed1-468x312.jpg 468w" sizes="(max-width: 262px) 100vw, 262px" /></div> <div class="title"><h2 class="rc-img-title">U.S. Mortgage lending rises in Q3 2024 amid refinancing surge, but remains below historic highs </h2></div> <div class="desc"><p class="news-description"> ATTOM has released its third-quarter 2024 U.S. Residential Property Mortgage Origination Report, which shows that 1.67 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the third quarter. That led to modest quarterly and annual increases of 1.9 percent. The growth marked the second straight quarterly gain - a pattern not seen for more than three years. But even as home-mortgage rates dropped close to 6 percent for a 30-year fixed loan by the end of Q3 2024, the increase in business for lenders was far below a spike during the Spring of 2024 and still left total mortgages off by nearly two-thirds from a high point hit in 2021. The latest trend resulted from improvements in refinance and home-equity lending as opposed to more buyers taking out loans. Mortgage rollovers increased 6.9 percent quarterly, to about 588,000, while home-equity packages went up 2.3 percent, to roughly 297,000. Those improvements more than made up for a 1.7 percent decrease in purchase loans, to 782,000, as the annual peak home-buying season wound down and supplies of properties for sale remained tight. Measured monetarily, lenders issued roughly $550 billion worth of residential mortgages in the third quarter of 2024. That was up 2.9 percent from the second quarter of 2024 and 6.6 percent from the third quarter of last year. The differing pattern of increases among various loan types slightly raised the portion of all residential mortgages represented by refinance and home-equity credit lines, while lowering the purchase component. Still, purchase loans remained the most common form of mortgages around the U.S. during the third quarter, comprising almost half. “Mortgage lending rose again in the third quarter, but at a far slower pace than during the Spring of this year when activity spiked nearly 25 percent,” said Rob Barber, CEO at ATTOM. “The latest increase, small as it was, likely came mainly from homeowners trading higher-rate loans they got in 2021 and 2022 for cheaper mortgages resulting from declining mortgage rates. But it looked like the third-quarter rate dip wasn’t as helpful for purchase lending as buyers kept facing elevated prices and low supplies of properties for sale.” The latest lending trends reflected another round of mixed forces affecting home sales and the cost of borrowing. Average 30-year mortgage rates dropped a full percentage point in the third quarter, the kind of decline that can save homeowners thousands of dollars a year on all kinds of loans. But the number of homes for sale remained at some of the lowest levels in the past decade, which continues putting a damper on the market, and purchase loans. Total lending up again but still far below peaks Banks and other lenders issued a total of 1,666,816 residential mortgages in the third quarter of 2024, up from 1,636,073 in the second quarter of 2024 and from 1,635,056 in the third quarter of 2023. Total activity rose for the second quarter in a row – a pattern that hadn’t happened since early in 2021. But the latest figure still remained 60 percent behind a recent high point of 4,165,695 hit in the first quarter of 2021 when average 30-year mortgages rate hovered around 3 percent. A total of $553.1 billion was lent to homeowners and buyers in the third quarter of this year. That was up from $537.5 billion in the prior quarter and from $518.6 billion in the third quarter of 2023, although still less than half the recent peak of $1.3 trillion in 2021. Overall lending activity also rose quarterly and annually in a majority of metropolitan areas around the U.S. with enough data to analyze. The total increased from the second quarter to the third quarter of this year in 125, or 60.4 percent, of the 207 metropolitan statistical areas that had a population of 200,000 or more and at least 1,000 total residential mortgages issued from July through September of 2024. The largest quarterly increases came in Anchorage, AK (total lending up 78.6 percent from the second quarter of 2024 to the third quarter of 2024); Yuma, AZ (up 33.3 percent); Ann Arbor, MI (up 33 percent); Huntington, WV (up 21 percent) and Trenton, NJ (up 20.5 percent). Metro areas with a population of least 1 million that had the biggest increases in total loans from the second to the third quarter of 2024 were Rochester, NY (up 20.1 percent); Detroit, MI (up 14.7 percent); Grand Rapids, MI (up 13.5 percent); San Diego, CA (up 13.2 percent) and Hartford, CT (up 12.7 percent). Metro areas with enough data to analyze where lending went down the most quarterly were Boulder, CO (down 44.3 percent); St. Louis, MO (down 36.5 percent); Jackson, MS (down 25.2 percent); Myrtle Beach, SC (down 20.4 percent) and Springfield, MO (down 19.4 percent) Measured annually, the largest increases in total lending among metro areas with a population of at least 1 million were in Orlando, FL (total lending up 29.3 percent from the third quarter of 2023 to the third quarter of 2024); San Jose, CA (up 28.7 percent); San Diego, CA (up 27.9 percent); Honolulu, HI (up 25.9 percent) and Tucson, AZ (up 17.6 percent). Purchase mortgages decline amid tight market but still make up almost 50 percent of all lending While overall third-quarter lending activity increased, the number of mortgages issued to home buyers was down both quarterly and annually. The count of purchase loans remained only half of where it stood in 2021. The third-quarter total of 782,220 was off from 796,046 in the second quarter of 2024, 814,610 in the third quarter of 2023 and 1.6 million in mid-2021. The latest dollar volume of purchase loans, $306.6 billion, was 2.5 percent less than the $314.3 billion second-quarter level, although still up 0.8 percent from $304.1 billion a year earlier. It sat 43 percent below the 2021 peak Residential purchase-mortgage originations decreased quarterly in 55.1 percent of the 207 metro areas in the report and annually in 56 percent of those markets. The largest quarterly decreases were in Boulder, CO (purchase loans down 50.1 percent from the second quarter of 2024 to the third quarter of 2024); St. Louis, MO (down 42.4 percent); Springfield, MO (down 25.7 percent); Savannah, GA (down 25 percent) and Lake Havasu City, AZ (down 23.1 percent). Including St. Louis, the biggest quarterly decreases in metro areas with a population of at least 1 million in the third quarter of 2024 came in Austin, TX (down 20.6 percent); San Francisco, CA (down 17.7 percent); Tucson, AZ (down 16.8 percent) and Atlanta, GA (down 15 percent). The top annual decreases in purchase lending in metro areas with a population of at least 1 million were in St. Louis, MO (down 50.3 percent from the third quarter of 2023 to the third quarter of 2024); Austin, TX (down 48.2 percent); Houston, TX (down 29.7 percent); Dallas, TX (down 22.5 percent) and Raleigh, NC (down 21.3 percent). Refinance mortgages up to highest level in two years As interest rates declined during the third quarter of this year, lenders issued 587,691 residential refinance mortgages. That was up from 549,812 in the second quarter of 2024 and 539,738 a year earlier. The most recent figure stood out as the most since the third quarter of 2022. It represented the latest in a series of increases following a spike in interest rates in 2021 and 2022 that caused refinance lending to plummet more than 80 percent. The $191.1 billion dollar volume of refinance packages in the third quarter of 2024 was up 13.5 percent from $168.5 billion in the prior quarter and up 16.1 percent, from $164.7 billion, in the third quarter of 2023. Refinancing activity increased quarterly in 75.8 percent and annually in 75.4 percent of the metro areas around the U.S. with enough data to analyze. The largest quarterly increases were in Anchorage, AK (refinance loans up 59.1 percent from the second to the third quarter of 2024); Ann Arbor, MI (up 46.9 percent); Vallejo, CA (up 46.7 percent); Colorado Springs, CO (up 42.4 percent) and Charlottesville, VA (up 41.7 percent). Metro areas with a population of least 1 million where refinance activity increased most quarterly were San Jose, CA (up 28.7 percent); Milwaukee, WI (up 27.4 percent); San Diego, CA (up 27.2 percent); Richmond, VA (up 24.4 percent) and Los Angeles, CA (up 24 percent). Metro areas with a population of least 1 million and the largest year-over-year increases in the number of refinance loans were San Diego, CA (up 62.5 percent from the third quarter of 2023 to the third quarter of 2024); San Jose, CA (up 59.1 percent); Los Angeles, CA (up 40.3 percent); Seattle, WA (up 39.8 percent) and Las Vegas, NV (up 39.3 percent). Refinance packages comprised 35.3 percent of all loan originations in the third quarter of 2024. That was up from 33.6 percent in the prior quarter but far less than the 65.8 percent portion in early 2021. HELOC lending up quarterly and annually Home-equity lines of credit (HELOCs) also increased, to 296,905 in the latest three-month period. That was up from 290,215 in the second quarter of 2024 and 280,708 in the third quarter of last year. The improvement continued to reverse losses sustained from 2022 into early 2024. The $55.4 billion volume of HELOC loans in the third quarter of 2024 was up from $54.7 billion in the prior quarter and from the $49.8 billion lent in the third quarter of last year. HELOCs comprised 17.8 percent of all loans in the most recent quarter. That was almost the same as the 17.7 percent portion in the second quarter of 2024 but still almost four times the level recorded in early 2021. HELOC mortgage originations increased from the second quarter to the third quarter of 2024 in 63.1 percent of the metro areas analyzed. The largest quarterly increases in metro areas with a population of at least 1 million were in Fresno, CA (up 33.4 percent); Hartford, CT (up 29.5 percent); Louisville, KY (up 22.9 percent); San Antonio, TX (up 20.8 percent) and San Jose, CA (up 20.6 percent). FHA mortgage level holds steady while VA loan portion rises Lenders issued 229,196 mortgages backed by the Federal Housing Administration (FHA) during the third quarter, or 13.8 percent of all residential property loans. That was unchanged from the second quarter of this year after 10 consecutive quarterly increases but was down from 15.1 percent in the third quarter of 2023. Residential loans backed by the U.S. Department of Veterans Affairs (VA) totaled 97,669, or 5.9 percent of all residential property loans originated in the third quarter of 2024. 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