Today’s Real Estate Whispers is sponsored by The McIntosh Law Firm. At The McIntosh Law Firm, we offer experienced legal guidance in real estate development, property revaluation appeals, government relations, land use, estate planning, and business law—helping clients navigate complex legal and regulatory challenges.
Hi Whisper readers, it’s Ashley.
Welcome back to our weekly look at Charlotte real estate and development news. Charlotte Commercial Real Estate Whispers is the best way to get the latest dirt on transactions, rezonings and projects happening across the Queen City.
Got something to Whisper about? Send me a note at [email protected].
In today’s edition:
Breaking down all the deals associated with the Wake Forest office building in uptown
Equitable is rumored to be touring office space in uptown
Portman’s next phase at Savona Mill
A wrap-up of land deals and real estate news from us and other sources
$8 per square foot? What’s the deal with the Wake Forest building in uptown?
The building at 200 N. College St. in uptown has been sold numerous times in a short period. (Ledger file photo)
When looking at the most recent office building sales in uptown, I noticed an anomaly, even in these post-pandemic office anomaly times: An uptown office building, 200 North College, sold for less than $3.5M in August, after it had sold the year prior as part of a larger deal for $32.9M — which was still quite a haircut from the $54.5M it traded for in 2018.
There are homes in Charlotte now that sell for more than $3.5M. I dug through some records and made some calls, and here’s what I’ve learned.
Subscribe to The Charlotte Ledger to read the rest.
Become a paying subscriber of The Charlotte Ledger to get access to this post and other subscriber-only content.
Upgrade