Construction starts on 246-unit apartment complex in Charlotte neighborhood

TriBridge Residential has started work for a 246-unit apartment complex in Charlotte’s Plaza-Midwood neighborhood, at the intersection of Central and Clement avenues.

TriBridge — a multifamily investment, management and development company based in Atlanta — purchased the 5-acre site at 1305 Central Ave. late last year for $5 million and recently started demolition of the existing warehouse buildings at the property. An existing retail building at the corner of Central and Clement occupied by…

Atlanta's new sports stadiums will help raise your rent in Nashville

If you plan to live in Nashville’s newest apartments or operate your business in the market’s newest office buildings, it’s safe to thank (blame?) Atlanta for helping raise your rent just that much more.

Workers are building $2 billion of stadiums in that city, four hours away, for the Atlanta Braves Major League Baseball team and the Atlanta Falcons professional football team. At their peak, those jobs will demand thousands of workers every day.

That kind of regional dynamic always has affected…

As mid-tier players merge, could defense giants lose some market share?

It seems to be buying season for mid-tier government contractors. And the effect on competition among the larger companies will be fascinating the watch.

Certainly, the latest acquisition news — that Accenture Federal Services LLC will buy Agilex Technologies Inc.— doesn’t create a massive defense company, nipping at the heels of those that tout many billions of dollars in annual revenue. Agilex had about $140 million in 2013 revenue and 540 employees, and while Accenture is a $30 billion company,…

Fill 'er up: Gas prices at $2 per gallon quickly fading into the rearview

Hope you enjoyed those $2-and-under gas prices while they lasted, because the national average as well as the Charlotte area’s prices are back on the rise — and are likely to keep heading in that direction.

A gallon of regular unleaded in the Charlotte-Gastonia-Rock Hill metro is averaging $2.11 as of Monday, up from $1.99 a week earlier but still lower than the month-ago average of $2.18, according to AAA Carolinas.

The increase in local prices comes after the nationwide average began climbing…

​Oakland's Lake Merritt Tower up for sale

Oakland’s bubbling office and residential rents have more landlords looking to cash in.

Radnor, Pennsylvania-based Brandywine Realty Trust is looking to sell Lake Merritt Tower, the first major Oakland office building to hit the market in 2015 after a couple years during which more than half of the city’s towers traded hands.

The building has the fifth-smallest square footage of Oakland’s 17 Class A office buildings, but has a prominent location next to the city’s architectural and natural gems…