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@businesstodaync
September 2019 Published monthly
YEARS
Business Intelligence for the Golden Crescent: Lake Norman • Cabarrus • University City
SEE INSIDE
Entrepreneurs WamBam experiences phenomenal growth
Page 3
Volume 18, Number 6 $1.50
Regional economic outlook remains bright BY DAVE YOCHUM Despite devastating hurricanes and uncertainty around international trade, the regional economy appears to be going strong as we approach the final quarter of 2019. The Charlotte region—home to a growing array of financial and technology firms—is driving much of the state’s growth, which is increasingly concentrated in professional and business services, financial activities, healthcare and technology. Charlotte added nearly 100 people a day in 2018, a reflection of a dynamic, diverse economy. Meanwhile, more than 25 firms announced major expansions or relocations. Honeywell is relocating its corporate headquarters here
from New Jersey, Avid Exchange announced plans to essentially double its workforce and Carvana announced a major expansion into Cabarrus last month. The Great Recession hit North Carolina’s financial services and manufacturing sectors particularly hard, according to Wells Fargo economists. North Carolina took longer to recover and generally lagged behind the nation through the first four years of the recovery. From July 2018 to July 2019 the state added over 75,000 jobs, at a rate slightly ahead of the nation. Indeed, the state’s economy continSee Economy page 8
Metro Area Net Domestic Migration: Top 20
Event Business Warrior Dash left a non-profit holding the bag
Page 5
Economic Development Mooresville has the ‘authentic’ feel of a real downtown
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Dallas-Fort Worth, TX Phoenix, AZ Houston, TX Austin, TX Tampa, FL Atlanta, GA Charlotte, NC San Antonio, TX Denver, CO Orlando, FL Las Vegas, NV Nashville, TN Seattle, WA Raleigh, NC Portland, OR Jacksonville, FL Riverside, CA Sacramento, CA Oklahoma City, OK Columbus, OH
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Home builders do good, tackle labor issues at same time Charlotte-based Rebuilding Opportunities in Construction (ROC) has partnered with the Lake Norman Home Builders Association, Central Piedmont Community College, Charlotte Mecklenburg Schools and Goodwill to bring construction technology training to at-risk high school students. ROC students start the program in their junior year and receive skills training in advanced carpentry, electrical and HVAC, as well as other construction-related fields. The students receive dual high school and college credits and can finish their associate degree at CPCC, free of charge. “For the past 30 years, high school districts have not operated any meaningful construction career and technical apprenticeship programs,” said Darren Ash, executive director of The ROC, which partners with Goodwill.
Thousands, 2010-2018
50
Ash: Parents want success for kids
200 250 300 350 400 450 *Source: Wells Fargo
See ROC page 22
RECORDS Page 14
Transactions
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Transactions
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Foreclosures
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Foreclosures
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Foreclosures
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New Corporations
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New Corporations
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New Corporations
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NEW: Denver New Business listings...Page 19
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Sales management and process go hand in hand
Cabarrus
Business Today P.O. Box 2062 Cornelius, NC 28031
Growth Strategies
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Business Today
2 September 2019
Top Women Champagne Reception Oct. 17 at River Run Country Club Business Today’s 15th Annual Top Women Champagne Reception and Mini Business Expo will be Oct. 17 at River Run Country Club. The leadership awards recognize women from the worlds of Honeycutt business, education and politics in Lake Norman and Cabarrus. Almost two dozen applications have been received. They will be reviewed and ranked by judges who consist of prior winners: Cabarrus County Commissioner Diane Honeycutt; Business Today columnist Cheryl Kane; Corneliusbased Aquesta Reeves Marketing Director Laura Engel; Mecklenburg County Commissioner Pat Cotham; and event management executive Karen Lawrence of It’s My Affair. The Top Women Champagne Reception and Business Expo is a local
business tradition with more than 100 women having been honored over the years. Top Women winners exemplify the contributions women have made to business and the community. The underlying message of Top Women Awards over the past 15 years is that the sky is the limit for women. Winners, in addition to the judges, range Cotham from County Commissioners Pat Cotham (Mecklenburg) and Diane Honeycutt (Cabarrus) to Ginger Griffin, owner of Ginger Griffin Marketing & Design, and Nettie Reeves, founder of N’shape with’N. Non-profit leaders have been recognized as well, including Georgia Krueger, executive director of the Ada Jenkins Center in Davidson, and Arlene Berkman, founder of the Foundation for Respect Ability, the anti-bullying group. Griffin
Davidson police chief booked for Newsmakers Breakfast Sept.19
Dunn
Davidson Police Chief Penny Dunn will be the Business Today Newsmakers Breakfast speaker Sept. 19 at The Peninsula Club. Only about one in 100 chiefs of police
in America is female. Dunn started her law enforcement career in 1986 and served with the San Marcos (Texas) Police Department from 1989 to 2018 when she came to Davidson. She became chief in Davidson after a national search.
Newsmakers Breakfasts are openforum Q&As with people who make the news. Anyone can ask a question. Doors open at 7:15 a.m. for networking. The buffet-style breakfast gets under way at 7:30 a.m. The Q&A begins at 8 a.m. and concludes at 9 a.m. sharp. RSVPs are required. Reserve a seat by calling 704-895-1335 with Visa or MasterCard. The Presenting Sponsors are Dixie Dean and Christina Stone, Allen Tate Realtors in Cornelius. Breakfast Sponsors are KS Audio Video and Irvin Law Group. Coffee Sponsors are Davidson Wealth Management, Pittsburgh, Pa.-based First National Bank and Raymer-Kepner Funeral Home in Huntersville.
Business Today
September 2019
3
ENTREPRENEURS
WamBam Fence, founded in LKN,has huge sales jump A local company started by a pair of Huntersville entrepreneurs has landed on Inc. Magazine’s list of America’s fastest growing companies. Landing at 1,562 out of 5,000 companies, WamBam Fence was in 2,000 square feet of warehouse space on Bailey Road in Cornelius. The company now has 18 employees and revenue in excess of $7 million a year. Co-founders Denise Shields and Stephen Prins live in Huntersville with their own families. “Some assume we are married but we are definitely not,” Shields explains. Their company, which relocated to Lake Norman from Canada about 10 years ago, makes a professional grade fence product that do-it-yourselfers can assemble without digging holes or pouring concrete. It’s less expensive than the fencing available at the big box stores.
They were in Cornelius from 2009 to 2018, but ended up on Reames Road, just south of the Northlake mall after their third-party logistics provider had financial difficulties.
Background Their no-dig fence offers an easier and quicker way to install. In fact, the system is patent. A dig-less internal fence post relies on a “leveling donut” to adjust it as needed, until the DIY-er is ready to sleeve over it with a visible fence post. They ship directly to homeowners across the country. The flagship WamBam Fence line is sold exclusively through wambamfence.com, eliminating the mark-up at bix box stores.“We are small, creative company, completely focused on serving our customers and having fun,” Shields says.
The challenge Their third-party logistics company—they handled warehousing for WamBam—was going out of business. “We had one week to find a new place for our product—and there was a lot of it,” Shields says. “We knew it was time to jump into our own warehousing so we had to find a 50,000 square-foot building that was ready to be moved into in literally five days,” she explains.
Availability was extremely slim around Exits 23, 25 and 28. Their new building near Exit 18 didn’t displace employees too badly as most live at the lake. “It all boiled down to quick availability, and of course a reasonable price,” Shields says. She credits employees for making a difference - “exceptional teamwork in our office and warehouse, our entire team is focused.”
Congratulations
to several of our clients:
Alpha Waste Industries, Inc. - completed a $4.5 million debt raise with First Bancorp based in Southern Pines, NC. AWI is a regional provider of contract waste management and disposal services for businesses throughout the Triad. SF Managing Director Dave Gilroy managed this transaction process and was supported by SF contract CFO Cheryl Hogan. Travel Resorts of America (TRA) - closed a $20 million Asset Backed Loan facility through Quorum Federal Credit Union. This growth capital supports TRA’s selling of new resort memberships at the company’s 9 luxury RV Resorts locations. SF Managing Director Gerhard Renner, who also serves as TRA’s Chief Strategy Officer, advised this Southern Pines based company on this transaction from beginning to end. Elite Waste Services (EWS) - successfully acquired Raleigh Metal Recycling (RMR), a leader for metal recycling services in the Triangle market of NC. EWS provides waste management services and metal recycling at 3 locations in the same region. Founded in 1922, RMR provides ferrous and non-ferrous metal recycling services at its two locations in Raleigh and Goldsboro, NC. Scale Finance provides CFO services for EWS and managed this acquisition transaction through closing.
Co-founders Denise Shields and Stephen Prins
Stratifyd, Inc. - successfully closed two growth capital transactions for a total of $13 million. Charlotte-based Stratifyd is a rapidly-growing technology company providing AI-powered customer analytics solutions to companies worldwide. SF has provided fractional-use Senior Controller services and support to the company in recent years.
CFOs & Controllers - Expert Support, Part-time Cost & Flexibility Raising Debt, Subdebt, or Equity Capital - Best Terms Available in Market Mergers & Acquisitions - Cost Effective, Veteran Support
Dave Gilroy 704.258.6653
Closing the GAAP to Scale Your Business
www.scalefinance.com
Business Today
4 September 2019
NEWSMAKERS b r e a k f a s t
Police Chief Penny Dunn
Thursday, September 19
Eveson new EVP at Aquesta Rick Eveson is the new executive vice president, chief operations and compliance officer at Corneliusbased Aquesta Eveson Bank. Eveson, who has led Aquesta’s consumer lend-
ing business for the past six years, will be responsible for oversight of all regulatory compliance risks as well as deposit, IT and loan operations. A graduate of State University of New York at Buffalo, he has more than 25 years of retail credit, risk management and sales experience within financial institutions of all asset sizes.
Michael Bonoffski lands CDME designation
Penny Dunn Davidson Police Chief
The Peninsula Club 19101 Peninsula Club Dr., Cornelius $13 Includes Breakfast 7:30 am - 9:00 am
Call 704.895.1335 to reserve your seat *Reservations needed Presenting Sponsor:
Breakfast Sponsors:
M i c h a e l Bonoffski, senior vice president of marketing & communications at the Cabarrus CounBonoffski ty Convention and Visitors Bureau, has received the
Certified Destination Management Executive (CDME) designation. Bonoffski, who joined the Cabarrus CVB in 2009, leads the organization’s marketing team which has won numerous awards over the years. The CDME designation is the tourism industry’s highest individual educational achievement.
Kevin Pote: New senior vice president at Pinnacle Bank Kevin Pote, the long-time senior vice president and business b anking manager at Wells Fargo, has joined Pinnacle Bank in Pote the Kenton Place office. Pinnacle picked up the former Bank of North Carolina in June of
2017 in a merger that created a Top 50 banking franchise with $20 billion in assets and $14 billion in loans. Pote is the senior vice president and commercial banker, with responsibilities from Lake Norman to Concord and into Charlotte. The Michigan State graduate move here in 2004 with SouthTrust. American Banker recognized Pinnacle as the sixth-best bank to work for in 2016.
Dave Phillips will fill Concord Council position held by the late Sam Leder
Coffee Sponsors:
Phillips
Concord City Council has appointed David W. Phillips to fill the District 1 Council seat held by the late Sam
Leder. He will fill the seat until Leder’s term ends in December. Phillips was District 1 council member from 19952015. The City Council honored him in 2018 by naming and opening the David W. Phillips Activity Center on Burrage Road after him.
September 2019
Warrior Dash business failure presents obstacle for Rural Hill COCKER SPANIEL ON THE OUTSIDE, BULLDOG ON THE INSIDE.
KNOWS THE RIGHT BUTTONS TO PUSH
Forbes magazine’s 18th “most promising” company in 2015 has taken a fatal spill, leaving a local non-profit out more than $30,000. Chicago-based Red Frog Events owes Rural Hill Inc., the non-profit entity that operates and works to preserve the historic farm in Huntersville, more than $30,000 from the Warrior Dash that was held there in early June. Red Frog was an events management behemoth noteworthy for “experiential entertainment” like the Chicago Beer Classic, Firefly Music Festival and the Warrior Dash where thousands of runners negotiate race courses filled with obstacles that include mud-filled trenches. The race was a six-year money-maker for Rural Hill which is a historic site and nature preserve open to the public. Warrior Dashes held all over the country have been cancelled by Red Frog. According to Forbes, the company sported a tree-house in the center of its
office. A secret passageway linked the offices of the co-CEOs. Upcoming for Rural Hill is the The Amazing Maize Maze. Other events held there include the Loch Norman Highland Games, the NC Brewers & Music Festival and the Sheepdog Trials & Dog Festival. Red Frog defaulted on loans to its secured lender and the business ceased operations on July 31, two months after the Rural Hill event. The landlords have terminated their occupancy rights and have filed suit pursuant to the terms of their agreements. RFE’s assets are currently being liquidated. All proceeds of the liquidation are being paid to the lender and applied to its outstanding loan balance. There will be a “significant deficiency” after the liquidation, which means no money for unsecured creditors.
THE PERFECT MIX OF FLEXIBILITY AND WILL BEEN THERE BEFORE & PREPPED FOR THIS MOMENT
There’s a subtle difference between giving in and compromising. Giving in is bending
Duke doubling NCRC office space as MURDOCK Study hits 10 year
to the unwanted will of the other party.
The Duke University Clinical & Translational Science Institute will double its research space to10,000 square feet at the North Carolina Research Campus in Kannapolis. It’s the home base of the MURDOCK Study, for Measurement to Understand the Reclassification of Disease Of Cabarrus and Kannapolis, which got under way in earnest in 2009. People from 20 ZIP codes in and around Kannapolis and Cabarrus County joined the study which has more than 12,500 participants and 430,000 biological samples. Participants complete a follow-up form every year, and researchers track changes to their health over time. “The value of the MURDOCK Study is its ability to help researchers answer big questions to better understand health and disease. We could not
compromise moments and avoid the giving in
do this work without our dedicated participants,” said Dr. L. Kristin Newby, principal investigator for the MURDOCK Newby Study and director for Translational Population Health Research (TransPop). The study has 150 scientific collaborators across 21 institutions, with more than 100 Duke faculty members using samples and data to explore a broad range of research questions. Construction is expected to take place this fall on the third floor of the North Carolina Research Campus Medical Office Building.
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ENGAGED IN AN UNRELENTING PURSUIT OF THE WIN-WIN
Compromising is getting something you want for something they want. It takes someone with experience to be able to identify the moments. They say a good negotiator leaves both parties wanting, but that isn’t true. A good negotiator leaves both parties believing
POLISHED OPEN-MINDED ARTICULATE CREATIVE EXPERIENCED PATIENT FLEXIBLE PREPARED DECISIVE POSITIVE
they made out better. And few pursue the win-win better than a REALTOR®.
R E A LTO R S ® TA K E O N M A N Y R O L E S .
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6 September 2019
Business Today
Economic Development
Mooresville mixed-use project takes aim at Millennials BY DAVE VIESER Downtown Mooresville is experiencing a major comeback. Stores that were vacant have new tenants, and more business have their sights set on the “authentic” business district that already has elements of place-making, multiple uses and an utter lack of sterile, dehumanized space. An $18 million apartment and commercial building is planned on the site of a 126-year-old textile mill on Church Street. The three-acre site, to be called Mill One, was recently rezoned by the Mooresville Board of Commissioners in preparation for 90 apartments on three floors. A brewpub, restaurants and other commercial uses are also planned, said Brad Howard, president of Langtree Group, which is developing the site. “Mill One (the original 1893 textile mill) was the catalyst to bring other textile manufacturing to Mooresville,” he says. “Now it will be the catalyst to bring food,” and other uses to a 21st century Mooresville. The project targets Millennials with mostly studio and one-bedroom units. “A development like this will help make downtown Mooresville a destination,” Ballard said Kirk Ballard, president of the MooresvilleSouth Iredell Chamber of Commerce. Financing will come from a combination of investors, bank money and other commercial sources, according to Vinny Giglio and Mark Halteman, partners in MV2, which will own the project. They’re aiming for a fall 2021 opening. The heart of downtown Mooresville is the commercial district encompassing Main and Broad Streets, from Town Hall to John Franklin Moore Square. Parallel sections of Church and Academy Streets are also part of the downtown.
Mooresville downtown: Urban settings like this are hot commodities in commercial, residential real estate Urban settings like downtown Mooresville are hot commodities. “People are seeking unique and authentic experiences. This fares well for historic buildings and traditional downtowns, rather than the repeat of same strip, big box and other prototype development scattered through-
out most major urban and suburban thoroughfares,” said Kathleen Rose, CEO of Rose Associates, a real estate and economic development firm based in Davidson. Successful spaces are multi-functional and changeable. And Mooresville merchants are capitalizing on
their downtown. One of the recent well received projects is a tour called Tasty Town USA, a 2.5 hour walking tour through downtown Mooresville. Small plates are available at six or more restaurants, along with local history and food facts. Reaction has been very positive.
“People are seeking unique and authentic experiences. This fares well for historic buildings and traditional downtowns, rather than the repeat of same strip, big box and other prototype development scattered throughout most major urban and suburban thoroughfares.”
—Kathleen Rose Ceo, Rose & Associates
September 2019
W ORKFORCE DEVELOPMENT
Duke’s foundation supports NC workforce development
Your business is your baby. Give it the best care.
Duke Energy is investing more than $3.6 million to help create a diverse workforce. It has announced grants to support 54 innovative workforce development programs including one in Mecklenburg that exposes disadvantaged students to career opportunities in the energy sector. “Our goal is to build a diverse workforce equipped to help the energy industry transform the grid and innovate to meet customers’ needs,” said Cari Boyce, president of the Duke Energy Foundation. “The energy sector generates an abundance of well-paid, dynamic jobs, and we want to ensure nontraditional students have access to these opportunities.” The 2019 Powerful Communities grants, from the Duke Energy Foundation with support from Piedmont Natural Gas, aim to bolster programs serving under-represented, low-income or diverse audiences, including women and minorities. Helping Orient Minorities to Engineering (HOME) at North Carolina A&T State University invites academically gifted incoming freshman to spend the summer prior to entering the university immersed in a “deepdive” into the rigors of earning an undergraduate engineering degree. “Duke Energy Foundation’s investment in our HOME program allows us to continue the College’s tradition of exposing a distinctive cohort of incoming engineering and computer science freshmen to tailored educational and professional development,” said
Dr. Robin N. Coger, dean of the College of Engineering at North Carolina A&T State University. Other regional grants include Piedmont Community College Strengthening a Rural Workforce with Technological Training Support welding education and increase the number of students with welding certificates, strengthening the local workforce. Duke also supports the welding curriculum at Piedmont Community College The grants are part of Duke Energy’s Powerful Communities philanthropic program, which awards strategic charitable grants to nonprofit organizations working to build powerful communities by bolstering education, developing the future workforce of the energy sector and conserving and protecting our environment. In 2018, Duke Energy Foundation invested more than $31 million to support communities throughout Duke Energy’s seven-state service area. The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $30 million annually in charitable gifts and is funded by Duke Energy shareholder dollars. Duke Energy was named to Fortune’s 2019 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list.
“Duke Energy Foundation’s investment in our HOME program allows us to continue the College’s tradition of exposing a distinctive cohort of incoming engineering and computer science freshmen to tailored educational and professional development.” —Dr. Robin N. Coger, Dean College of Engineering, North Carolina A&T State University
From a gleam in an entrepreneurial eye to a thriving, mature enterprise, we will help your business grow. With comprehensive tax planning and strategies, in-depth financial analysis and business modeling, we’ll help guide your every step along the journey.
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9525 Birkdale Crossing Drive Suite 206 • Huntersville, NC 28078
(704) 895-6966 office | Firm@LesemannCPA.com www.LesemannCPA.com
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7
Business Today
8 September 2019 Economy continued from page 1
ues to diversify away from textiles, furniture and tobacco. The rise of knowledge-based jobs and agglomeration—a geographic concentration of industries—is encouraging human capital to concentrate in a few leading metros. Fortunately, Charlotte is one of them. Net in-migration and rising housing prices are cause and symptom of a local success story. North Carolina’s economy grew 2.9% in 2018, ending the year with year-over-year growth of 3%. With a bright outlook for corporate reIocations and business expansion, there is strong demand for homes, including from investors and real estate groups. “I don’t see inventory levels expanding anytime soon, with the influx of dollars coming into the marketplace by investors achieving great appreciation and rentals eating up great inventory,” said Pat Riley, CEO of Allen Tate. He said demand for real estate here remains strong as newcomers continue to flock to our region. “Our climate, quality of life and low property taxes, make NC a destination for many seeking a new start. In addition, the strong business climate Riley in the Charlotte/ Lake Norman area is also fueling corporate relocations from other parts of the country as well,” said Abigail Jennings, President of Lake Norman Realty in Cornelius. Charlotte and Raleigh rank in the Top 15 in terms of net in-migration
North Carolina IT job openings were higher in July than the same month last year, outpacing the US rate during the same time frame. NC TECH says job openings have declined the past several months, both in NC and nationally, reflecting caution from employers who are concerned about recessionary signals nationally since 2010. But a nationwide recession can lessen the demand here if homeowners elsewhere can’t sell their Jennings homes. Jack Salzman, co-owner of Lake Norman Chrysler Dodge Jeep in Cornelius, said he’s seeing some “headwinds” that could affect certain segments of his operations. New vehicle affordability is also going to be something he watches
carefully going forward. “We expect 2019 to remain strong and some new vehicle headwinds in 2020 but nothing dramatic. We do see a small cor- Salzman rection in new vehicles in 2021,” said Salzman. Given the uncertainty of tariffs, the car dealer is waiting a little longer than normal to complete 2020 forecasts. The last recession was one-of-a-kind and will not be seen in our lifetimes again.
“A bottom-feeding stock market with everyone fleeing, interest rates at an all-time low, and mortgages being given out to anyone, along with equity lines for all. It was the perfect storm,” Riley said. What’s happening now, he said, is WashingEngel ton is raising interest rates to rein in the economy for 18 months or so. “As long as we have debate on trade talks, government regulations or lack thereof, and border and immigration stands, both commerce and consumers will be hedging and conservative. No sitting president is going to let anything happen pre-election. I agree that inflation will be held intact, along with interest rates, until after the elections. Government spending has and will always be the greatest cloud over our heads,” Riley said. Jim Engel, CEO of Aquesta Bank, said a more measured growth rate is more sustainable. If some of the international issues like trade wars are resolved, Engel forecasts a “return to truly robust” growth rates. Loan delinquencies are usually an early warning signal of a recession. “At this point, we have seen no indications of a recession as there has been no increase in loan delinquencies,” Engel said. New loan requests remain strong. “Our biggest challenge remains recruiting and retaining the best team members to provide truly personalized services to our existing and new customers,” Engel said.
Business Today
September 2019
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9
Business Today
10 September 2019
G ROWTH S TRATEGIES
Tap into every department before you make changes Partnership parity supports sales Due process in vetting new ideas should be collaboratively meticulous so sales aren’t put at risk. Each unit of an organization can offer strength and add to the competitive advantage of an organization-if they rely upon each other and work in equitable partnership. Sales processes depend on all units working toward error-free outcomes. And no one part of an organization should be above being scrutinized thoughtfully by other units in the partnership; they must support one another. As an example, much of our ability to sell well is connected to technology. Order placement is more efficient, order fulfillment less expensive. We can act on customer communications faster. Operations and administration are made stronger. And critical data can be collected and analyzed more accurately. Technological innovation drives so much of our sales and operational processes sometimes we easily fall victim to a myth that if it’s new it is guaranteed to make us more effective and competitive. In some organizations it may seem technological units are treated as invincible or untouchable, therefore reliable unit partnership vetting of new processes or change may be skipped, or limited in scope.
Include all unit partners Whoa. Inclusiveness is a strong foundation for success; omitting partners reduces expert insight and puts the investment in the change at risk of failure
or inferior effectiveness. Relationships in a partnership matter. Don’t push strong critical thinking aside, welcome inquiry. All units impacted by any substantial change should be included in due process vetting so it is thorough and transparent to all
partners throughout the decision and implementation processes.
Endure questions Sometimes it is the annoying devil’s advocate who keeps asking, “Why?” “How?” “Why right now?”, and “Have we considered what if ‘x’ happened? (Read: What is our backup plan?” who showcases the weaknesses, and lead to the strongest outcomes.
Welcome analysis An objective, demanding economic analysis of benefits and costs can make a decision unbiased.
Document & follow the plan A supportive partnership implementation of a plan will be fiercely monitored for accuracy, and completeness.
Missing partners can mean outcome failures Don’t allow exuberance to undermine prudence. I think I’ve experienced some of these missing partner failures recently, all of which reduced my ability to complete a sale to my satisfaction. • On a Tuesday I tried to make a reservation at a conference center I am loyal to. This quality hotel serves a global clientele and frequently sells out; their web site wasn’t working well so I called. I was dumbstruck when asked, “Can you call back on Friday? Our computers are down.” It was six more days before my reservation was finalized. A computer system change had apparently gone awry-they had been down for a few days already; they had no backup system when the unexpected occurred.
• I noticed a paper invoice had a new look—better organized and easier to read. However I failed to notice the tearoff section was almost three-fourths of an inch smaller on all sides than the envelope sent with it. In transit, the invoice shifted so far out of the envelope window the post office returned it to me “Undeliverable.” Apparently no one tested the new invoice with the old envelope. • A national service provider bundled a secondary service with the primary product I purchased. When I tried out the secondary service it didn’t work. I spent 2.9 hours so far talking to five people over five days on their so-called help line. Four of them made me do the same 7-8 steps at my end then told me there appeared to be a technological issue at the company’s end. Each referred me to a “higher level” representative. The fifth person confirmed the error and that it will take a “few more days” to fix; “I don’t have an ETA” for you but once someone gets to it, it should only take a bit of time to correct as “we have a coding error on your account.” Monitoring the original work was not complete.
Strong unit partnerships equal stronger sales processes The specialty partner units in our organizations are invaluable. So none should outrank the others when it comes to helping each other make excellent decisions which support flawless sales processes. Encourage probing questions, balance good decision making with thorough analysis, listen to all the voices in the organizationdon’t leave their views out. Unit partnership parity can best support strong sales outcomes. Cheryl Kane, is a strategic business consultant, sales trainer, & professional speaker specializing in strategic planning and service quality. If you seek assistance in growing your business, need a business speaker, or have a topic you would like to see in this column, Cheryl welcomes your communication at email: CherylKane@cherylkane.net.
Business Today
September 2019
11
12 September 2019
News-
News from www.Businesstodaync.com
Carvana: On the road to Concord
Aug. 29. Carvana, the e-commerce platform for buying and selling used cars, officially announced plans to open a $30 million inspection and reconditioning facility in the old Philip Morris plant in Concord. Over the course of a dozen years, the Carvana investment is expected to grow the state economy by half a billion dollars and 413 new jobs. Gov. Roy Cooper said the Cabarrus workforce is a major reason why thge Arizona company chose to grow and invest here. Carvana’s Car Vending Machines forgo the traditional dealership
Carvana calls it “The New Way to Buy a Car.” Used cars aren’t beaters any more, so the business is hot. It only stood to reason that a company could essentially roll up the industry—again—with the help of technology. Its stock has soared more than 600 percent since its IPO in 2017. Carvana’s “car vending machines ” stand eight stories tall and hold 30 vehicles. In as little as 10 minutes, customers can shop more than 15,000 vehicles on the site, finance, purchase, trade in, and schedule as-soon-as-next-
Carvana’s newest vending machine near Los Angeles stands eight stories high and holds 30 vehicles. Customers that choose to pick up their vehicle at the Car Vending Machine are greeted by a “Customer Advocate” and receive a commemorative, oversized Carvana coin to activate the fully automated vending process.. infrastructure that allows consumers to shop online. The new facility brings the inspection, reconditioning, photographing and storage process to a centralized site for the Carolinas. The procedure includes a 150-point inspection and a photography process using high-definition cameras and patented, proprietary technology.
day pickup at a vending site or home delivery of that vehicle. Carvana’s new location here in Concord provides access to half the U.S. population within a day’s drive from North Carolina, simplifying the logistical equation. Although wages will vary depending on position, the average individual, an-
nual salary for the new positions are estimated to reach more than $38,000, in line with the Cabarrus County average wage. Carvana will get a Job Development Investment Grant from the state. The old Philip Morris site was more recently the site of Alevo, a battery maker which operated briefly out of the Philip Morris plant before declar ing bankruptcy in 2017. Only a few
months earlier the company had announced a major expansion with 200 new jobs with the help of government incentives. Alevo made large battery storage units called a Gridbank, which could be recharged multiple times. It was a big change from cigarette manufacturing. Philip Morris was a mainstay of the Cabarrus economy until 2007 when it announced plans to close the 2,100-acre campus. It had more than 3.5 million square feet of manufacturing and warehouse space, much of which has been torn down to help market the property. Partnering with the North Carolina Department of Commerce and the EDPNC on this project were the North Carolina Community College System, Cabarrus County, the City of Concord and Cabarrus Economic Development Contacted at their headquarters in Arizona, Carvana officials would not disclose any information about a possible site for a car vending machine in or around Concord, home of one of the nation’s top retail locations, Concord Mills.
TDS plans to buy Continuum for $80 million Aug. 14. By Dave Vieser. TDS Broadband Services, one of the nation’s largest telephone, broadband and television services, has a tentative agreement to purchase Continuum for $80 million. Mooresville-based Continuum is the municipally owned cable system that serves customers in Davidson, Mooresville and Cornelius. The deal, which must be approved by voters in
Davidson and Mooresville, was unanimously approved by the Davidson and Mooresville Town Boards. The proposed sale would raise $80 million for Davidson and Mooresville, about what the two towns paid to take over the old, scandal-plagued Adelphia system back in 2007 and subsequently renamed it MI-Connection. Two years ago the company rebranded from MIConnection to Continuum.
September 2019
News-
Photo credit: Attractions of America
News from www.Businesstodaync.com
Record visitor spending across NC in 2018 Aug. 15. Tourism spending in North Carolina rose to $25.3 billion last year, a record. The data, which comes from an annual study commissioned by Visit North Carolina, has Mecklenburg County once again at the top, with $5.68 billion in visitor spending last year, up 5.6 percent from 2017. Domestic visitors spent a record $25.3 billion statewide in 2018, also up 5.6 percent from 2017. State tax receipts as a result of visitor spending were close to $1.3 billion in 2018, and local tax revenues directly resulting from visitor spending totaled $774.6 million. Visitor expenditures directly supported more than 230,000 jobs and generated more than $6.3 billion in payroll income across North Carolina. The state’s tourism industry set a new record last year in visitor spending despite the effects of major storms. Here are the state’s Top 10 tourist sites: www.attractionsofamerica.com/attractions/northcarolina. php Noting that North Carolina ranks sixth in the nation for overnight visitation, Visit NC Executive Director Wit Tuttell said the spending growth in all 100 counties confirmed the appeal of the state’s destinations. “There’s a lot of competition for travelers’ time and money,” Tuttell said. “But people
13
come to North Carolina when they know about the state’s natural beauty, our residents’ welcoming spirit, and the irresistible mix of tradition and innovation.” In Cabarrus County, Charlotte Motor Speedway is No. 9 on the AttractionsofAmerica.com list of Top 10 NC destinations. The visitor spending study commissioned by Visit North Carolina is conducted by the U.S. Travel Association. The study uses sales and tax revenue data, employment figures and other industry and economic data to determine the overall impact of visitor spending in North Carolina. Highlights include: Wake County ranked second with $2.40 billion, followed by Guilford County with $1.49 billion, Buncombe with $1.21 billion and Dare with $1.19 billion in visitor spending. Cabarrus County tourism brought in $469 million—the 12th-ranked county—and Iredell came in at No. 18 out of 100 counties, with $271 million in tourist spending last year. The largest percent increases in visitor spending were seen in Onslow (8 percent), Beaufort (7.7 percent), Johnston (7.1 percent), Cherokee (7 percent) and Madison (6.8 percent) counties.
Business Expo 2019 Showcasing the businesses of Huntersville, Davidson, Cornelius and greater Lake Norman region!
Thursday, October 10, 2019 11 am – 5 pm Huntersville Recreation Center, 11836 Verhoeff Drive, Huntersville
Open to the Public • Free Admission
To register and for more information, call 704-892-1922 Visit www.LakeNormanChamber.org
Presented by
Gold Sponsors Silver Sponsors
Bronze Sponsors
Farrell Financial Freedom
Pet Pilgrimage
First National Bank
Raymer-Kepner Funeral Home
Freedom Boat Club
Schooley Mitchell
Aquesta Bank
Genesis Film
SCORE
Alphagraphics - Lake Norman
Hyde Park Storage
Susan Johnson - Keller Williams
Ballas Chiropractic
LaBella Associates
The Range at Lake Norman
Bentley Consulting Group
Lake Norman Currents Magazine
Visit Lake Norman
Charlotte Independence Soccer
McIntosh Law Firm
Waste Connections
Charlotte Relocation Guide
Park Avenue Properties
Wells Fargo - Mortgage
Cooke Rentals
Payroll Plus
14 September 2019
THIS MONTH TRANSACTIONS…………….... 14-17 FORECLOSURES……………..........18 NEW CORPORATIONS………...18-19
REAL ESTATE TRANSACTIONS These recent property transactions in Cornelius, Davidson and Huntersville were recorded by the Mecklenburg County Register of Deeds.
Mecklenburg County 7/18/19 $405,000 Shirley Pearson to Barbara Taylor, 8823 Bur Ln., Huntersville 7/18/19 $185,000 Nicholas & Mallory McConnell to Patricia Ditmars, 17668 Caldwell Track Dr., Cornelius 7/19/19 $295,000 STS Assets 1 to Karen Furr, 17111 Graves Ct., Cornelius 7/19/19 $1,600,000 Daniel Smith to Marc & Bethany Thompson, 19001 Peninsula Point Dr., Cornelius 7/19/19 $307,000 Roddie & Lisa Brailsford to Ellen & Rueben Chapman IV, 15721 Oxford Glenn Dr., Huntersville 7/19/19 $592,500 Hilary & Daniel Hurley to Joshua & Nicole Wright, 110 O’Henry Ave., Davidson 7/19/19 $193,000 Kerry & Debbie Preston to Frances & Nicholas Milazzo, 18742 Nautical Dr. Unit 305, Cornelius 7/19/19 $1,117,000 Gregory & Valerie Schreiber to Patrick & Christy Condon, 13500 Robert Walker Rd., Davidson 7/19/19 $332,00 Steven & Randi Lang to Shanta & Norman Brown, 11534 Lottingly Dr., Huntersville 7/19/19 $715,000 Jason & Carmen Mutch to Scott & Sue Stolldorf, 18210 Nautique Dr., Cornelius 7/19/19 $333,000 Mark Searles to VSP Charlotte, 12629 Kemerton Ln., Huntersville 7/19/19 $312,500 Joanna Diaz & Gustavo De Paz to Candice Clouse & Raymond Ringwall, 12712 Orange Sun Trl., Huntersville 7/22/19 $875,000 Navin & Chanda Anand to Henry & Dora Homann andWalter Bodnar, 18500 Square Sail Rd., Cornelius 7/23/19 $ 315,000 Andrew & Kathleen Laver to Lindsay & Dustin Smith, 13215 Freedom Valley Dr., Huntersville 7/23/19 $250,000 LE Carolina to Richard Enderby, 712 Amalfi Dr., Davidson 7/23/19 $387,000 Eric & Lawan Anders to Alejandro Anaya & Lorena Rodriguez, 8948 Devonshire Dr., Huntersville 7/23/19 $312,500 Justin Burke & David Samson II to Matthew Elizabeth Wittemann, 14312 Holly Springs Dr., Huntersville 7/23/19 $290,000 John Hurlahe to John & Melissa Philbrook, 18700 Nautical Dr. Unit 202, Cornelius
On T he R ecord 7/23/19 $480,000 Robert & Catherine Lum to Richard & Carrie Volkmann, 319 O’Henry Ave., Davidson 7/23/19 $333,500 Elaine Foster to SPH One, 15733 Gathering Oaks Dr., Huntersville 7/23/19 $435,000 Martin & Lola Armstrong to Bryan & Antoinette Dilly, 12828 Forrester Ave., Huntersville 7/23/19 $337,500 Abhinav & Pryabka Bansal to Elizabeth & Anthony Capella, 11254 Skytop Dr., Huntersville 7/23/19 $595,000 South Creek Construction to Gregory & Valerie Schreiber, 15203 Reese Finley Ln., Cornelius 7/24/19 $365,000 Brookwood Home Building and Remodeling to Eric & Carol Kinne, 13703 Helen Benson Blvd., Davidson 7/25/19 $389,000 STS Assets to Christopher & Michelle Carpentierti, 15308 Merlon Ct., Huntersville 7/25/19 $258,500 Ryan & Katelyn Keistler to Denise Mirilovich & Megan Mirilovich, 13149 Heath Grove Dr., Huntersville 7/25/19 $316,000 South Creek Homes to Linda Barnwell, 11611 Meetinghouse Dr., Cornelius 7/25/19 $70,000 Bluestream Partners to South Creek Homes, Lot 275 Bailey’s Glen, Cornelius 7/25/19 $105000 Bailey Forest Development to South Creek Construction, Lot 7 Bailey’s Forest, Cornelius 7/25/19 $299,500 Standard Pacific of the Carolinas to Davide & Rita Washburn, 15419 Davidson East Dr., Davidson 7/25/19 $652,500 Shawn & Amy Lee to Thomas & Brooke Arvia, 19784 Swaney Ln., Davidson 7/25/19 $348,500 Timothy & Gwendolyn Cowie to The Trustees of Davidson College, 100 N. Lynbrook Dr., Davidson 7/25/19 $298,000 Celine Latulipe & Bryon Van Nest to Kevin & Geraldine Mackenzie, Lot 67 Davidson Bay, Davidson 7/25/19 $180,000 Helen Hunter & Geraldine Hunter to Phillip Thomas, 17635 Trolley Crossing Way, Cornelius 7/26/19 $318,000 Lennar Carolinas to Chet & Patricia Thomas, 13217 Roderick Dr., Huntersville 7/26/19 $335,000 STS Assets 1 to Patrick West & Lauren Finnochio, 14610 Northgreen Dr., Huntersville 7/26/19 $395,000 Peachtee Residential to Sean Hutchinson, Lot 7 The Summit at River Run, Davidson 7/26/19 $450,000 Standard Pacific of the Carolinas to Ashley & Gregory Provenzano II, 17523 Shearer Rd., Davidson 7/26/19 $250,000 Greyson & Lisa Rogers to Megan Qualkenbush & Corey Gallimore, 7437 O’Hara St., Huntersville 7/26/19 $140,000 Thomas & Amy Lewis to Alexandria & Joshua Burcham, 10692 Trolley Run Dr., Cornelius 7/26/19 $415,000 Scorr & Patricia Leguex to William & Deborah Bowles, 8816 Brentfield Rd., Huntersville 7/26/19 $1,350,000 Monterey Bay-Charlotte to Todd Britt & Kristen Lichtleiter, 17536 Stuttgart Rd., Davidson 7/26/19 $439,500 Jason Gerbick to Liza &
Douglas Steiner, 21120 Rio Oro Dr., Cornelius 7/26/19 $534,000 Bruce & Lauryn Kain to Jeremy & Amanda Degnen, 15640 Aberfeld Rd., Huntersville 7/26/19 $392,000 Matthew & Alison Leever to Casey Down, 20319 Cathedral Oaks Dr., Cornelius 7/26/19 $490,000 Nikish Patel & Patricia Lam to Nicholas Mai, 13929 Pineloft Dr., Hutnersville 7/26/19 $213,000 Samuel Huskins to Cynthia & Devon Francis, 11044 Heritage Tree Dr., Cornelius 7/26/19 $1,270,000 Enrico Sieni & Monica Moretti to Tonia Oliver, 18001 Peninshla Club Dr. N, Cornelius 7/29/19 $322,000 Chrystal Woodsobn to David & Susan Stiles, Lot 69 Bordeaux at Vineyard Point, Cornelius 7/29/19 $186,000 Matthew &Julis Seymour to Zachary Summerville, 17812 Delmas Dr., Cornelius 7/29/19 $327,500 Ashley & Kevin Clark to Darel Ellis, 109 Three Greens Dr., Huntersville 7/29/19 $499,500 Christopher & Angela Bolton to Chris & Amanda Lis, 9406 Standerwick Ln., Huntersville 7/29/19 $242,500 Opendoor Property C to Kylee Pickrell & Adamson Burgess, 19619 Heartland St., Cornelius 7/29/19 $390,000 Opendoor Property D to Adam & Michelle Mills, 12615 Kane Alexander Dr., Huntersville 7/29/19 $169,000 Ron Kurti to Susan Haskins, 21335 Pine St., Cornelius 7/30/19 $1,019,000 Journey Capital to Michael & Sarah Cantor, 17518 Stuttgart Rd., Davidson 7/30/19 $420,000 Christopher & Jaine Frederick to James & Amanda Alexander, 12021 Willingdon Rd., Huntersville 7/30/19 $585,000 Christopher & Kelley Ruthstrom to Patrick &N Clay Morrell, 154 Spencer St., Davidson 7/30/19 $296,000 Kimberly Hollar to Laura Pugh & Jason Stockert, 9821 Forsberg Ct., Cornelius 7/30/19 $385,000 Dean & Amanada Pawlowski to Tia Robertson, 17139 Lake Path Dr., Cornelius 7/30/19 $741,500 Carolina Cottage Homes to Walter Blackwell Jr. & Dawn DeArmanBlackwell, 801 Patrick Johnston Ln., Davidson 7/30/19 $355,000 Standard Pacific of the Carolinas to Shannon Moree & Spencer Ward, 15523 Laverack Ln., Davidson 7/30/19 $320,000 Paula Brown to Joel Fellman & Paula Braida, 15031 Almondell Dr., Huntersville 7/30/19 $507,000 SPH One to William & Angela Paageorgiou, 515 Three Greens Dr., Huntersville 7/31/19 $308,000 Todd Caccamise and David & Eleanor Caccamise to Maureen McNicholas, 18625 Cloverstone Cir., Cornelius 7/31/19 $190,000 Anthony Barbee to Joshua Hall, 10653 Trolley Run Dr., Cornelius 7/31/19 $394,000 Amanda & Marcellus Cochran IV to Bret & Shelley Cianfoni, 15331 Barnsbury Dr., Huntersville 7/31/19 $337,000 Andres & Tatia Prieto to Jonathan & Mindy Gossett, 13231 Centennial
Business Today Commons Pkwy., Huntersville 7/31/19 $349,900 Kim & Richard Hriniak Jr. to Debra Fruscella, 18700 Nautical Dr. Unit 302, Cornelius 7/31/19 $2,300,000 Blue Devil Investments and Ferncliff Partners to Spark Investment Partners, Units 400 & 401 The Watermark Condiminiums, Cornelius 7/31/19 $213,000 Shannon & Douglas Marion to Robert & Karen Baranowski, 20115 Henderson Rd. Unit J, Cornelius 7/31/19 $3,525,000 Debra & Billimac Bradley Jr. to Chinkey One Corp., 18523 Peninsula Club Dr., Cornelius 7/31/19 $456,000 Standard Pacific of the Carolinas to Craig & Virginia Rushing, 17541 Julees Walk Ln., Davidson 7/31/19 $397,000 Nanette Lockwood to Patrick & Mary Walsh, 16203 Lakeside Loop Ln., Cornelius 7/31/19 $305,000 Johanna Meehan to Burger Family LLC, Lot 214 Summers Walk, Davidson 8/1/19 $246,000 Maria & Angel Carballido to James & Juliann Toya, Lot 34-T Harborside Condominiums, Cornelius 8/1/19 $335,000 Ian & Isobel McLean to Christopher & Jaime Frederick, 13933 Old Vermillion Dr., Huntersville 8/1/19 $580,000 Christopher & Danielle Boukedes to Jeffrey & Rebecca Kehe, 2001 Oakbranch Ln., Cornelius 8/1/19 $24,000 Vincent & Deborah Adamek to Gary Taylor & Paula Wilson, 8126 Village Harbor Dr. Unit 22T, Cornelius 8/2/19 $277,000 Joseph & Lena Rotmensz to Opendoor Property J, 16919 Pennington Dr., Huntersville 8/2/19 $194,000 Brian Trickett Jr. to Opendoor Property J, 17744 Trolley Crossing Way, Cornelius 8/2/19 $526,000 Standard Pacific of the Carolinas to David & Kristen Berkenfield, 17553 Julees Walk Ln., Davidson 8/2/19 $521,000 Toe & Gina Wells to Mark Pryce, 19127 Berkeley Commons Dr., Cornelius 8/2/19 $285,000 Standard Pacific of the Carolinas to Sunil Jayappa & Vidya Virupakshaiah, 15505 Davidspon East Dr., Davidson 8/2/19 $197,000 Alberk Empire to Raymond Tilton, 2030 N. Main St., Cornelius 8/2/19 $388,500 Ivan & Lisa Forehand to SPH One, 9433 Gilpatrick Ln., Huntersville 8/2/19 $720,000 Biliar & Virginia Fesperman to Pamela Click, 15826 Shoreway Dr., Huntersville 8/2/19 $256,000 Ashley Bush to Wiliam & Jo-el Lynn Hudson, 18709 Nautical Dr. Unitl 305, Cornelius 8/2/19 $1,300,000 Laurent & Florence Savornia to Christopher & Ellen Paton, 17604 Spinnakers Reach Dr., Cornelius 8/2/19 $128,000 Kevin & Pamela Simon to Candace & William Kelly IV, 21712 Aftonshire Dr. Unit A, Cornelius 8/5/19 $398,000 Jeremy & Anne Lynn to Caitlin & Eric Forsythe, 7443 Chaddsley Dr., Huntersville 8/5/19 $380,000 Thompson Family Trust to Sean & Wendy Baker, 14206 Dryburgh Cir.,
Business Today
September 2019
ON T HE RECORD
Huntersville 8/5/19 $515,000 William & Louise Speicher to James Bean & John Bishop, 18824 Derbyton Way, Davidson 8/5/19 $189,000 Lori & Francis Valone II to Gary Bryant, 19909 Henderson Rd. Unit E, Cornelius 8/5/19 $250,000 Daniel Wiley to Michael & Julie McQuaid, 15725 Millbank St., Huntersville 8/5/19 $298,000 Sean & Wendy Baker to Laci & Kyle Mays, 15755 Seafield Ln., Huntersville 8/5/19 $262,500 Barbara Sylvester to James & Leann Dolan, 9103 Glenashley Dr., Cornelius 8/5/19 $290,000 Elizabeth Padgett to Julie Young, 16639 Spruell St., Huntersville 8/6/19 $582,000 Kenneth & Tammy King to Kevin & Martia Eisert, 9740 Devonshire Dr., Huntersville 8/6/19 $312,000 Trustees of Davidson College to Katherine & Keith Bersch, 618 Ashby Dr., Davidson 8/6/19 $444,000 Mary Anne Patti to Laura Kempster, 16022 Northstone Dr., Huntersville 8/6/19 $350,000 Amanda & Mark Travaglino II to Tyler & Emma Gagnon, 8331 Cottsbrooke Dr., Huntersville 8/6/19 $270,000 Deborah Deveney to Di Jim & Lingyan Zhang, 14747 Salem Ridge Rd., Huntersville 8/6/19 $236,000 Opendoor Property N to Gina Thompson, 8740 Westwind Point Dr., Cornelius 8/7/19 $595,000 Philip & Deborah Maher to Jeffrey & Kristine Woods, 9916 Devonshire Dr., Huntersville 8/7/19 $380,000 Jose & Imeria Castillo to erica & Adam Kassouf, 14806 Salem Ridge Rd., Huntersville 8/7/19 $690,000 Patrick & Christy Condon to Stephen & Tiffany Bell, 18217 Captains Cove Ln., Cornelius 8/7/19 $255,000 Southern Point Homes to Gregory & Michael Teague, 732 Mercer Pl., Huntersville 8/7/19 $210,000 Marshal & Andrea Keister to Melissa Krantz, 9042 Glenashley Dr., Cornelius 8/7/19 $767,500 William & Ann Cox to Gregor & Susan Hendricks, 16803 Maddy Ln., Davidson 8/8/19 $510,000 Derrick & Lindsay Best to David & Caitlyn Low, 15737 Agincourt Dr., Huntersville
8/8/19 $611,000 David & Jessica White to Michael & Kelly Griffin, 17601 River Ford Dr., Davidson 8/8/19 $1,150,000 Janie Gaylord to Richard & Yvonne Kull, 7225 Windaliere Dr., Cornelius 8/9/19 $200,000 Mariella Caro to Kerry & Laura Armistead, 18550 Oakhurst Blvd., Cornelius 8/9/19 $398,000 John & Susan Heun to Rod O’Neal & Robert Miller, 8939 Parkcrest St., Huntersville 8/9/19 $297,500 Kelly Corn to Opendoor Property J, 8744 Westwind Point Dr., Cornelius 8/9/19 $295,000 10 Cap Fund I to Conor & Trar cCaffrey, 20937 Brinkley St., Cornelius 8/9/19 $705,000 Connor & Sabine Kelly to Brian & Cheryl Parrish, 168 Yawl Rd., Cornelius 8/9/19 $325,000 Catherine Macmillan to David Gilroy, 18029 Coulter Pkwy., Cornelius 8/9/19 $270,000 Christi Jarrett to Heather Griffin, 14303 Holly Springs Dr., Huntersville 8/9/19 $268,000 Coley & Stephanie O’Shaughnessy, Mary & James Stevenson and Michael & Lea Dow to Antron & Brianne Nixon, 18211 Conductor Ct., Cornelius 8/9/19 $465,500 Landon & Mandy Massey to Genia Harmon, 15926 Trenton Place Rd., Huntersville 8/9/19 $495,000 Kendra & Kevin Carter Jr. to Victor Sirianni Jr. & Jennifer Paulino, 9915 Cask Way, Huntersville 8/9/19 $466,000 Epcon Huntersville to William & Gail Scurry, 8020 Parknoll Dr., Huntersville 8/9/19 $613,500 Dana Griffin to Anthony & Tanya Perri, 7308 Windaliere Dr., Cornelius 8/12/19 $253,000 Denis & Patricia Ray to Richard & Alice Walsh, 8265 Bridgegate Dr., Huntersville 8/13/19 $259,000 Wayne & Jane Folger to Preston Newlin, 7616 Mariner Cove Dr., Cornelius 8/13/19 $311,000 Stephen & Jennifer Ward to Jose & Imeria Castillo, 14802 Salem Ridge Rd., Huntersville 8/13/19 $620,000 Edward & Maeve Moran to William & Holly Frisbie, 18523 Dembridge Dr., Davidson 8/13/19 $933,000 Peachtree Residential to Robert Gilliland & Hillary Robinowitz-Elins, 17925 Stuttgart Rd., Davidson 8/13/19 $420,000 Veronika Quintana to Donald & Amanda Klemack, 21640 Old Canal St., Cornelius
8/13/19 $575,000 Christian & Katie HoeghGuldberg to Robert Williams & Gayla Wallace, 17720 Jetton Green Loop, Cornelius 8/14/19 $312,500 Mitchell Edens & Jann Gandee to Ryan & Christine Tiede, 14733 Lyon Hill Ln., Huntersville 8/14/19 $712,500 Adam & Sharon Thompson to Kevin Lang, 19005 Craggy Meadow Ct., Davidson 8/14/19 $560,000 Fund 24-Davidson to Lawrence & Lauren McReynolds, 531 Griffin Village Ln., Davidson 8/14/19 $315,000 Bevan Weston to Adam O’Hare, 19510 Crosstrees Ln., Cornelius 8/14/19 $311,000 McDuffie & Marianna Renfro to Karen McLaughlin, 17600 Harbor Walk Dr., Cornelius 8/14/19 $252,000 Jason & Meredith Rodgman to Gregg Buckmaster, 14522 Holly Springs Dr., Huntersville 8/14/19 $410,000 Geoffrey Southwell to Paul McDonald & Christina Angeles, 14137 Bankside Dr., Huntersville 8/15/19 $410,000 Steven & Angela Stromberger to Jonathan & Jennifer Taylor, 12639 Willingdon Rd., Huntersville 8/15/19 $730,000 Jon Koplin & Linda Miller to Robert & Nancy Crowther, 8931 Robbins Pond Rd., Cornelius 8/15/19 $311,500 James & Barbara Bailey to Erin Brickley, 20102 Lamp Lighters Way, Cornelius 8/15/19 $530,500 South Creek Construction to Lynda & Linwood Brown III, 12112 Addi Ln., Cornelius 8/15/19 $125,000 Bailey Forest Development to South Creek Construction, Lot 25 Bailey’s Forest, Cornelius 8/15/19 $156,000 CRLDC LLC to Classica Homes, 17732 Jetton Green Loop, Cornelius 8/15/19 $438,000 Stephen & Dana Wheeler to Adam & Mary Nicholson, 17310 Inglewood Dr., Huntersville 8/15/19 $331,000 South Creek Homes to George & Sharon Parker, 11607 Meetinghouse Dr., Cornelius 8/15/19 $70,000 Bluestream Partners to South Creek Homes, Lot 276 Bailey’s Glen, Cornelius 8/15/19 $512,000 Elizabeth & Davide Fetzer to SPH One, 200 N. Kimberly Rd., Davidson 8/15/19 $305,000 Emil & Diana Keyser to Michael & Megan Tyson, 8929 Deerland Ct., Huntersville 8/16/19 $1,260,000 Julie Hudson to
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Christopher & Nancy Bishop, 18017 Peninsula Club Dr. N, Cornelius 8/16/19 $285,000 Jeffrey & Candace Huskey to Jodi Wright, 14206 Sullivan Watch Dr., Huntersville 8/16/19 $203,000 Michelle Stewart to Melinda Hayton, 18834 Silver Quay Dr., Cornelius 8/16/19 $591,500 Bank of New York Mellon to Robert Lehane, 21653 Crown Lake Dr., Cornelius 8/16/19 $445,000 Standard Pacific of the Carolinas to Crystal Yi, 17539 Shearer Rd., Davidson 8/16/19 $1,100,000 Brandon & Alicia Helms to John & Nellie Baboolal, 19728 Bustle Rd., Cornelius 8/16/19 $395,000 Rosalind & Lee Goudie to Thomas & Jessica Simonik, 15604 Sagefield Dr., Huntersville 8/16/19 $449,500 South Creek Homes to Neal & Roberta Rosen, 11107 Bailey Park Nature Dr., Cornelius 8/16/19 $70,000 Bluestream Partners to South Creek Homes, Lot 347 Bailey’s Glen, Cornelius 8/16/19 $214,000 Andrew & Lisa Platt to Douglas & Amy Weishaar, 18823 Silver Quay, Cornelius 8/16/19 $320,000 Tulu & Ozlem Cankurtaran to Zachary & Stephanie Levine, 3717 Laurel Berry Ln., Huntersville 8/16/19 $281,000 Christopher & Lisa Mele to Melanie & Carl Billingsley, 18709 Nautical Dr. Unit 304m Cornelius 8/16/19 $320,000 Lauri & Christopher Kohlmeir to Long Chen, 14601 Holly Springs Dr., Huntersville 8/19/19 $280,000 Aaron & Elizabeth Clark to Hutchinson Properties, 19069 Natalie Michelle Ln., Cornelius 8/19/19 $352,000 Scott & Michelle Grendahl to Christopher & Kristen Thomas, 8908 Lizzie Ln., Huntersville 8/19/19 $174,000 Sean Slade to Heather Ellis & Samuel Wexler Jr., 18809 Nautical Dr. Unit 304, Cornelius 8/19/19 $264,000 Opendoor Property to Ronald & Sharon Brescian, 21526 Old Canal St., Cornelius 8/20/19 $270,000 James Forbes III to Christian & Erin Klender and Patrick Donlon, 16405 Kelly Park Cir., Huntersville
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16 September 2019 continued from page 15 8/20/19 $366,000 Ribbon Home SPV I to Mark & Alicia Loyd, 15728 Centennial Forest Dr., Huntersville 8/20/19 $498,000 Standard Pacific of the Carolinas to Michael & Jessie Shea, 17523 Shearer Rd., Davidson 8/20/19 $270,000 Anne & Thomas Snyder Sr. to Chester & Helen Zientek, 19401 Pocono LN., Cornelius 8/20/19 $420,000 David & Marie Schroen to Jeff & Laura Sladicka, 12402 Bradford Park Dr., Davidson 8/20/19 $255,000 Britt McCollum to Troy & Elisia Solomon, 18810 Cloverstone Cir. Unit 14, Cornelius 8/20/19 $295,000 Ribbon Home SPVI to Thomas & Terri Her, 16828 Summers Walk Blvd., Davidson 8/21/19 $397,000 Luschen & Kelly Gore to Heather & Sidney Linker Jr., 8231 Cottsbrooke Dr., Huntersville 8/22/19 $322,000 Standard Pacific of the Carolinas to Laura & Justo Baltodano, 14323 Davdison East Dr., Davidson 8/22/19 $298,000 Opendoor Homes Phoenix 2 to Kristen Runge, 156378 Seafield Ln., Huntersville 8/22/19 $250,000 Tracy Tarantino to Ribbon Home SPV I, 18306 Taffrail Way, Cornelius 8/22/19 $895,000 Chin & Pamela Yang to Christopher & Caroline Blanchette, 18524 Rollingdale Ln., Davidson 8/22/19 $380,000 Heirs of John Hawes to Douglas & Karen Cousins, 18700 Nautical Dr. Unit 101, Cornelius 8/22/19 $485,000 Robert & Bonnie Chen to Robert & Jessie Taylor, 10205 Lafoy Dr., Huntersville 8/22/19 $271,500 Edward & Emily Lash to Geraldine Blumenfeld, 19411 Fridley Ln., Cornelius 8/22/19 $460,000 Jason Robinson to Glenn ^ JHoanne Cunningham, 12203 Bradford Park Dr., Davidson 8/23/19 $133,000 Christopher & Kelly Wilkes to Om Property Investments NC, 17746 Caldwell Track Dr., Cornelius 8/23/19 $333,000 Standard Pacific of the Carolinas to Yolanda & Alex Bradley, 15415 Davidson East Dr., Davidson 8/23/19 $543,500 Sonia DeSouza to John Bower, 503 Three Green Dr., Huntersville 8/23/19 $1,120,000 Eleanor Mulcahy & Edward Dean to David & Christie Blauvelt, 18200 Peninsula Club Dr., Cornelius 8/23/19 $865,000 Larry & Barbary Beresnoy to Garrett & Kathleen Galombeck, 9418 Robbins Preserve Rd., Cornelius 8/23/19 $350,000 Dominick & Nancy Parents to Christopher & Lauri Kohlmeir, 13403 Farmington Rd., Huntersville 8/23/19 $370,000 Andrew & Paula Smith to HPS US1, 17225 Lake Path Dr., Cornelius 8/23/19 $435,000 Vernrod & Baindu Wilkinson to David & Alyssa Jastrzebski, 8726 Camberly Rd., Huntersville 8/23/19 $234,000 Evelyn & Charles Mercado to Opendoor Property J, 18832 Nautical Dr. Unit 50, Cornelius 8/23/19 $896,500 Richard & Jeannemarie
O n T he Record Grissinger to Marcy Hingst, 18703 Head Sail Ct., Cornelius 8/23/19 $550,000 Taylor Morrison of Carolinas to Mojisola Ajaja & Olugbolahan Soremekun, 12225 Potts Plantation Cir., Cornelius 8/23/19 $380,000 Wendy & Michael Speckman Jr. to David & Jillian Hughes, 17405 Harbor Walk Dr., Cornelius
More Mecklenburg Transactions online at www.BusinessTodayNC.com
Cabarrus County 07/12/19 $257,000 Don & Valerie Lydolph to SPH One, LLLP, Ptnrp., 3343 Brackhill St., Davidson 28036 07/12/19 $471,500 Gregory & Sherry Huepper to Muthalali Associates, LLC, 8569 Lower Rocky River Rd., Concord 07/12/19 $320,000 James & Brandi Geoghegan to William & Kimberly Middlebrooks, 4463 Bravery Pl., Concord 07/12/19 $455,000 Robert & Jeanette Weatherman Revocable Living Trust to Robert, Sherry and Courtney Steelman, 5487 Irish Potato Rd., Kannapolis 07/12/19 $380,000 Jonathan & Dece Tuengel to Divya Arora & Gaurav Makhija, 8268 Breton Way, Harrisburg 07/12/19 $335,000 SPH Two, LLLP, Ptnrp. to Elijah & Valerie Davis, 3647 Burnage Hall Rd., Harrisburg 07/12/19 $323,000 Robert & Tami Sherrill to Adam & Amanda Decrow, 11582 Crossroads Pl., Concord 07/12/19 $315,000 Joel & Michelle Bibby to Nathan Catoe & Shawna Crews, 8464 Mossy Cup Tr., Harrisburg 07/12/19 $347,500 Meritage Homes of the Carolinas, Inc. to Clayton & Kathryn Graham, 5121 McSweeney Ln., Kannapolis 07/12/19 $362,000 Henry & Paula Gray to Tien Ning, 1138 Setters Ln., Concord 07/12/19 $401,500 Niblock Homes, LLC to Joshua Williams & Diana Bonafede, 2435 Baxter Pl., Concord 07/15/19 $398,000 NVR, Inc. to Perrin & Tonia Carr, 1524 Van Burnett Ave., Concord 07/15/19 $527,000 Stephen & Carol Grochmal to Christine Lyon, 4736 Snow Dr., Harrisburg 07/15/19 $325,000 Travis & Marcia Williams to Jonathan & Medina Kay, 798 Mott Shue Dr., Concord 07/15/19 $437,500 William & Kelly Bolyard to Miner & Gina Lawrence, 684 Beacon Tree Ct., Concord 07/15/19 $422,000 Journey Capital, LLC to Aaron & Crystal West, 418 Spruce Pl., Concord 07/15/19 $452,500 Bradley & Tracy Buerck to Janis Allison, 11330 Fullerton Pl., Huntersville 28078 07/15/19 $1,035,000 Andrew & Ruth Drucker to Brian & Julie Gibbons, 862 Kings Crossing Dr., Concord 07/15/19 $385,000 Niblock Homes, LLC to Michael & Raquel Gibbs, 2416 Baxter Pl.,
Concord 07/16/19 $420,000 David & Julia Bennethum to Russell & Jacqueline Winchester, 9928 Linksland Dr., Huntersville 28078 07/16/19 $406,500 Taylor Morrison of Carolinas, Inc. to Dannie & Rhonda White, 10478 Black Locust Ln., Charlotte 28215 07/16/19 $285,000 Ronald & Danitsa Norris to Nagamani & Sreedhar Pelluru, 9636 Donna Ve Ln., Charlotte 28277 07/16/19 $450,000 Richard & Denelle Harding to Brian & Holly Johnston, 1203 Janrose Ct., Concord 07/16/19 $300,500 NVR, Inc. to Kringle & Architaben Patel, 1520 Van Buren Ave., Concord 07/16/19 $382,400 Kenneth & Tracy Staley to Leigh & Lori Holt, 6160 Village Dr., Concord 07/16/19 $329,000 Chinyimbiri & Gloria Mwanza to Julio Mora & Marilou Delamora, 2263 Lauren’s Dr., Concord 07/16/19 $480,000 Essex Homes Southeast, Inc. to Timothy & Brooke Powell, 10885 Greenvale Dr., Harrisburg 07/16/19 $480,000 Essex Homes Southeast, Inc. to Zine Moufakir & Rajae Nassoh, 4361 Oldstone Dr., Harrisburg 07/17/19 $840,000 Narayana & Sheetal Reddy to Shaligram Dahal, 2497 Christenbury Hall Ct., Concord 07/17/19 $346,000 Matthew & Lyndsey Pelusi to Olateju & Astra Odukale, 11001 Aspen Ridge Rd., Concord 07/17/19 $346,500 Michael Bybee to Samuel & Amanda Tesh, 6115 Ferncliff Dr., Concord 07/17/19 $269,000 Blakely & Jeanette Milam to Kenneth & Yulia Brooks, 2268 Galloway Ln., Concord 07/17/19 $270,000 John & Veronica Weibel to Darla Carballo, 2566 Sunberry Ln., Concord 07/17/19 $335,000 Bonterra Builders, LLC to Patrick & Crystal Halsey, 10071 Fox Trotter Ln., Midland 07/17/19 $310,000 TAC Niblock, LLC to NVR, Inc., Lots 171-174 of Hunton Forest Subdivision, Concord 07/17/19 $280,000 Wenliang Zhang & Yuping Xie to Ribbon Home SPV I, LLC, 1459 Haverford Rd., Concord 07/17/19 $1,304,500 Grace Ridge of Mt. Pleasant, LLC to John and Helen Morrison LLC, .902 ac. on Hwy. 73, Mt. Pleasant 07/18/19 $265,000 Aaron & Dana Ritchie to Ronald & Danitsa Norris, 5000 Basswood Dr., Concord 07/18/19 $280,000 Brian & Lisa Haines to Kyle McLaughlin & Brandi Jones, 10315 Samuels Way Dr., Huntersville 28078 07/18/19 $545,000 Essex Homes Southeast, Inc. to Mohammad Iqbal & Asma Naheed, 4316 Ireland Way, Harrisburg 07/18/19 $470,000 Michael & Michelle Foster to Alfred & Diana Grafke and Helma Gerlach, 6200 Mountain Vine Ave., Kannapolis 07/18/19 $250,000 Cabarrusco, LLC to AAR LLC, 3.09 ac. on Odell School Rd., Concord 07/18/19 $262,000 Mark & Amy Tracy to LucilleThomas, 5335 Jeff Yates St., Concord 07/18/19 $1,250,000 Diamond Sky Partners, LLC to Aqua-Wave Express, LLC,
Business Today 07/18/19 $475,000 Joseph & Tiffany Flores to Matthew & Stephanie Stemple, 10119 Falling Leaf Dr., Concord 07/22/19 $359,500 NVR, Inc. to Ryan & Tanetta Odom, 1891 Scarbrough Cr., Concord 07/22/19 $360,000 Century Communities Southeast, LLC to Michael Sides & Carla Moore, 657 Iron Horse Ln., Midland 07/22/19 $307,000 Jeffrey & Dawn Julian to Jeffrey & Tabetha Crump, 1355 Eisenhower Pl., Concord 07/22/19 $297,000 D.R. Horton, Inc. to Subhashchandra & Deepkumar Patel, 2393 Sugar Ct., Concord 07/22/19 $313,500 Roberta Woods LLC to John & to Diane Watson, 3249 Fairmead Dr., Concord 07/22/19 $390,000 Cynthia Woods to Michael & Gina Nazarian, 8642 Savannah Rd., Harrisburg 07/22/19 $469,000 M/I Homes of Charlotte, LLC to Suraj & Laxmi Kane, 9579 Herringbone Ln., Concord 07/22/19 $475,000 Stafford & Michelle Thompson to Shannon & Michelle Gaines, 9409 Leyton Dr., Harrisburg 07/22/19 $295,000 Meritage Homes of the Carolinas to Amy Jones, 4938 Durneith Dr., Kannapolis 07/22/19 $340,000 Michael & Jamie Rockhood to Justin & Kathleen Cloninger, 1535 Dartmoor Ave., Concord 07/23/19 $364,000 Journey Capital, LLC to Andreas & Chelsea Boeker, 7966 Dell Dr., Harrisburg 07/23/19 $335,000 JPO Peach Orchard, Ptnrp. to Jarrell & Ruby Hilton, 11405 Rising Star Ct., Charlotte 28215 07/23/19 $295,000 Pinnacle Homes USA, LLC to Eric & Elaine Brown, 12816 Cathy Ct., Midland 07/23/19 $262,500 Edith Neilson to Margaret Arnold, 5843 GettysburgDr., Concord 07/23/19 $410,000 Ken & Maria Cuebas to Nathaniel & Rachel Jones, 3857 French Fields Ln., Harrisburg 07/23/19 $440,000 Mark & Marie Campanini to Adam & Sydney Boatman, 4122 Amarillo Dr., Concord 07/23/19 $283,000 Doris O’Neil & Stuart Housman to David & Kay Neldon, 1559 Revolutionary Dr., Concord 07/23/19 $366,000 M/I Homes of Charlotte, LLC to Dipak Adhikari & Chhetri Srijana, 9611 Herringbone Ln., Concord 07/23/19 $319,500 Adams Homes AEC, LLC to Kenneth & Amy Ingle, 6995 Collinswood Dr., Locust 07/23/19 $3,720,000 Wheeler Real Estate Holdings, LLC to Tempus Concord, LLC, two tracts of property located at Pitts School Rd. & Weddington Rd., Concord 07/23/19 $283,000 Matthew & Jennifer Cotton to Eric & Erika Bustamante, 6093 Creekview Ct., Harrisburg 07/23/19 $292,000 Uma & Geeta Bandi to HPA US1 LLC, 404 Sweet Shrub Ct., Concord 07/23/19 $250,000 Kevin & Heather Hicks to Vicki Goetz, 887 Windy Falls Dr., Huntersville 28078 07/23/19 $297,000 Marc & Jodie Castellani to Xou Thao, 4850 Covington Dr., Concord
Business Today 07/24/19 $555,000 Norman & Dana Lucas to SPH One, Ptnrp., 9462 Hester Ct., Harrisburg 07/24/19 $335,000 Taylor Morrison of Carolinas, Inc. to James & Beth Cummins, 456 Fir Tree Ct., Concord 07/24/19 $2,350,000 McPeake Hotels, Inc. to NV Realty, LLC, 9 & 11 Union St., N., Concord 07/24/19 $440,000 Stefan & Amy Rucker to Ethan Williams, 4122 Armarillo Dr., Concord 07/24/19 $250,000 Lynn Hipp and Estate of Larkin Hipp to Scott Gillespie & Michelle Buchter, 120 Mayfield Ct., Concord 07/24/19 $291,000 Frederick & Dotsi Hoffman to Darren & Sherry Hamilton, 6559 Derby Ln., Concord 07/25/19 $280,000 Sundararaj & Jegatha Monimaran to Richard Barimah & Nana Antwiaa, 10304 Shrader St., Concord 07/25/19 $420,000 Anton Harrison to Ronald & Jacqueline Hargette, 7676 Cotton St., Harrisburg 07/25/19 $330,000 Brian & MacKenzie Inch to Steven & Jennifer Metsker, 1476 Overlea Pl., Concord 07/25/19 $400,000 Shelley Shores to Clarence & Shelby Taylor, 10640 Sweethaven Ln., Harrisburg 07/25/19 $265,000 Richard & Cade Schell to Wallace & Maribel Andrews, 3433 Burnage Hall Rd., Harrisburg 07/25/19 $255,000 Charles & Christine Marlowe to Nicholas Gainey, 5235 Petersburg Dr., Concord 07/25/19 $521,000 SPH Two, LLLP, Ptnrp. to Peter & Deidre Cutter, 8422 Breton Way, Harrisburg 07/25/19 $397,000 Dennis & Deborah Schellhase to Allen & Lisa Barciszewski, 10630 Waycross Dr., Huntersville 28078 07/25/19 $334,000 Roberta Woods, LLC to Timothy & Betty Reece, 3155 Fairmead Dr., Concord 07/25/19 $467,000 M/I Homes of Charlotte, LLC to Satheesh Alugoori, 976 Parkland Pl., Concord 07/25/19 $345,000 Zachary & Candice Little to Lawrence Jones, 3906 Granite Ln., Harrisburg 07/25/19 $320,000 Roger & Paige Suclupe to Lawrence & Geraldine Clark, 8263 Deer Dr., Harrisburg 07/26/19 $351,000 NVR, Inc. to Eric & Evangela Studwell, 1839 Scarbrough Cr., Concord 07/26/19 $403,000 Shea Investment Fund III, LLC to Prasad & Sonali Kakade, 712 Juniper Berry Ln., Huntersville 28078 07/26/19 $268,000 Prasad & Sonali Kakade to SPH One, LLLP, Ptnrp., 10143 Shanaclear Ave., Concord 07/26/19 $315,000 Daniel, Charles and Kathy Huneycutt to Zachary & Candice Little, 8282 Anderson Pl., Harrisburg 07/26/19 $306,500 Brendan & Jennifer Jaffe to Peter Kimaru & Anne Mbugua, 10051 Paisley Dr., Charlotte 28269 07/26/19 $339,000 Mitchell & Mary Anne Mimier to Mario Pifalo, 155 Tetbury Ave., Concord 07/26/19 $303,000 NVR, Inc. to Benjamin & Elsie Whitlock, 5089 Skyfest Dr., Charlotte 28215 07/26/19 $336,000 NVR, Inc. to Angel Jackson, 7401 Bosson St., Concord
September 2019
O N T HE RECORD
17
07/26/19 $320,000 Taylor Morrison of Carolinas, Inc. to James & Anita Howard, 4293 Hunton Dale Rd., Concord 07/26/19 $421,000 D.R. Horton, Inc. to Eric & Kristen Howard, 1496 Coffeetree Dr., Concord 07/26/19 $388,000 M/I Homes of Charlotte, LLC to Vijay & Sonali Dashpute, 954 Parkland Pl., Concord 07/26/19 $301,000 NVR, Inc. to Steven & Carnesha Hicks, 1669 Scarbrough Cr., Concord 07/26/10 $378,000 Gregory & Rachel Isenhour to Prakash & Rajshree Keshari, 11243 Fresh Meadow Pl., Concord 07/26/19 $322,500 Asif Akhtar & Sarwat Ansari to Frank & Kate Robertson, 4460 Sourwood Ct., Harrisburg 07/26/19 $315,000 Robert Reese to Donald & Alison Hall, 4460 Sourwood Ct., Harrisburg
More C abarrus Transactions online at www.BusinessTodayNC.com
Iredell County **Will appear online this month
More Iredell Transactions online at www.BusinessTodayNC.com
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18 September 2019
FORECLOSURES Foreclosure actions have been started on the following properties. Items show the date foreclosure documents became public, owners, property address, lien holder, lien amount. After required notices are published, the property is sent to auction.The property then can be sold, not sold (examples: bankruptcy files or action dismissed without prejudice) or the sale postponed.
Mecklenburg County 8/1/19 Daniel & Carissa Roman, 8508 Townley Rd. B, Huntersville, Nationstar Mortgage $98,100
More Mecklenburg Foreclosures online at www.BusinessTodayNC.com
Cabarrus County 08/05/19 John Reed, 133 Plaza Dr., Harrisburg, State Employees Credit Union, $153,500 08/07/19 Ronnie Jones, 2683 Thistle Brook Dr., Concord, Wells Fargo Bank, $120,065 08/08/19 Wilbur & Ana Gray, 5842 Gettysburg Dr., Concord, American Advisors Group, $318,000 08/08/19 Sar International, Inc., 2260 & 2270 Dale Earnhardt Rd., Kannapolis, Surry Bank & Trust, $270,000 08/08/19 Ronald & Karen Waters, 1526 Cripple Creek Rd., Kannapolis, Nationstar Mortgage LLC, $128,800 08/09/19 Jeffrey Hare, 4084 Long Arrow St., Concord, Quicken Loans, $203,171 08/12/19 David & Christine Harris, 2554 Paddle Pl. Concord, Wells Fargo Bank, $115,200 08/14/19 Alan Marlin, 85 Highland Ave., Concord, N.C. Housing Finance Agency, $82,414 08/14/19 Wendy McCutcheon, 2306 Bloomfield Dr.,Kannapolis, Summit Funding, Inc., $177,655 08/15/19 Kenneth & Deidra Daughtry, 926 Ramsgate Dr., Concord, Nationstar Mortgage, $166,000 08/19/19 Adrian & Deanna Bobbitt, 399 Settlers Ridge Dr., Kannapolis, USAA Federal Savings Bank, $143,010 08/20/19 Stephen & Brandy Paulin, 1364 Red Birch Pl., Concord, Wells Fargo Bank, $180,405 08/21/19 Crystal Washington, 4003 Clover Rd., Concord, PHH Mortgage Corp., $209,000 08/21/19 Thomas Stack, Jr., 355 Speedway Pl., Concord, Ditech Financial LLC, $106,400 08/22/19 Heirs of Dorothy Davis, 6239 Sardis Ave., Kannapolis, Fifth Third Bank, $52,300 08/23/19 Yolanda Lowery, 2271 Drake Mill Ln., Concord, Goshen Mortgage, $313,275 08/26/19 Be early Lessane, 1099 Ivywood Pl., Concord, Ditech Financial, $123,500 08/26/19 Estate of John Walker, 355 Lucy
On T he Record Ave., Concord, Wells Fargo Bank, $25,329 08/26/19 Mike & Janice Perry, 5702 Sapp Rd., Rockwell, HSBC Bank, $80,000
More Cabarrus Foreclosures online at www.BusinessTodayNC.com
Iredell County 7/24/19 Angelo Grandelli, 208 Canoe Pole Ln. 28117, Low VA Rates $541,375 7/29/19 Velma Pringle & Christa Bowsher, 135 Bellalaine Dr. 28117, 1st Choice Mortgage Equity $106,000
More Iredell Foreclosures online at www.BusinessTodayNC.com
NEWCORPORATIONS These businesses have registered with the N.C. Secretary of State.
Mecklenburg County 7/15/19 APEX DevMax LLC, Timothy C. Campbell, 18335 Old Statesville Rd. Ste. K, Cornelius 7/15/19 Ayanta LLC, Alay Patel, 9407 Hillstone Ridge Rd., Huntersville 7/15/19 BE – you – tiful Boutique LLC, Brittney Robertson, 13003 Vermillion Crossing Ct., Huntersville 7/15/19 Elite Fitness LLC, United States Corporation Agents, 14518 Holly Springs Dr., Huntersville 7/15/19 I Give Realty LLC, Jamie Bradley Werkman, 7526 Windaliere Dr., Cornelius 7/15/19 JB Auto Multiservice LLC, Jose Gilberto Beltran Flores, 14108 Huntersville Concord Rd., Huntersville 7/15/19 Love Is-The Midas Touch LLP, Deborah Cooper, 10850 Dry Stone Dr., Huntersville 7/15/19 Revised Relics LLC, James Ellis, 17310 Caldwell Rush Cir., Cornelius 7/15/19 Sticky Rice LLC, Worask Boodthijak, 8818 New Oakland Ln., Huntersville 7/15/19 Stilwell Services LLC, Richard J. Stilwell Jr., 9417 Magnolia Estates Dr., Cornelius 7/15/19 Vintage Swagg LLC, Christine Hart, 19109 West Catawba Ave. Ste. 200, Cornelius 7/16/19 Claudia Ogrizek LLC, Claudia Ogrizek, 15324 Colonial Park Dr., Huntersville 7/16/19 Holliday Homes LLC, Shawn A. Copeland, 215 S. Main St. Ste. 301, Davidson 7/16/19 HOM LLC, Dana Roberts Napierkowski, 637 Village Main Cir., Davidson 7/16/19 MH Salon LLC, Aaron Hopkins, 7500 Woods Ln. Unit 45, Cornelius 7/16/19 New Management LLC, Aidan Charlery, 14521 Westgreen Dr., Huntersville 7/16/19 Quick Reliable Appliance Repair LLC, Vasyl Turetsky, 8206 Dunmore Dr. Apt. D, Huntersville 7/16/19 Sparkinator LLC, Glenn Chapman, 20120 Tailwind Ln., Cornelius
7/16/19 Tutu Tulips LLC, Lauren Speelman, 9038 Taunton Dr., Huntersville 7/16/19 W & C Professional Services Inc., Kathryn Heitman, 8634 Forest Shadow Cir., Cornelius 7/17/19 Eagle Outdoors LLC, Kevin Gillis, 3903 Laurel Berry Ln., Huntersville 7/17/19 God Bless America CBD LLC, Steven Swift, 8438 Strathburn Ct. 1E, Huntersville 7/17/19 Traction Marketing Group LLC, Rolando Arroyo, 8545 Townley Rd. Unit 1A, Huntersville 7/18/19 coastr LLC, United States Corporation Agents Inc., 15620 Waterfront Dr., Huntersville 7/18/19 Cormier Anesthesia Services PLLC, Nalberta Cormier, 902 Concord Rd., Davidson 7/18/19 Efland Creative Group LLC, Jennifer Efland, 14500 Salem Ridge Rd., Huntersville 7/18/19 Forte Property Investment LLC, Christine Chandless, 7500 Woods Ln. #41, Cornelius 7/18/19 Global Travel Advisors LLC, William E. Tilburg, 1207 Inn Keepers Way, Cornelius 7/18/19 GreenLeaf Realty Solutions LLC, Michael Wilson, 400 Gilead Rd. Unit 2142, Huntersville 7/18/19 Law Offices of Dustin S. Branham PLLC, Dustin S. Branham, 575 Davidson Gateway Dr. Ste. 101, Davidson 7/18/19 She E. O. LLC, United States Corporation Agents, 2228 Linetender Dr., Davidson 7/18/19 Veteran Solutions Now LLC, Benjamin Reed, 400 Gilead Rd. Box Number 483, Huntersville 7/18/19 Videoway LLC, Ross Helfer, 12213 Potts Plantation Cir., Cornelius 7/18/19 VSM Unit 2 Townhome Assoication Inc., Anthony Bowman, 19701 Bethel Church Rd. #202, Cornelius 7/19/19 Affable Wellness LLC, Jasmine Oliver, 18702 Cover Dale Ct., Cornelius 7/19/19 Carolina Exp. LLC, Catherine M. Bentz, 19453 W. Catawba Ave. Ste. E, Cornelius 7/19/19 CharloTex Trucking Inc., John F. Hanzel, 19425-G Liverpool Pkwy., Cornelius 7/19/19 Citywide Janitorial LLC, Minnette Robinson, 16507 Northcross Dr. Bldg. A, Huntersville 7/19/19 Covert Consulting LLC, Melissa Marie Covert, 17331 Harbor Walk Dr., Cornelius 7/19/19 Jeremy Kilby LLC, Jeremy David Kilby, 2869 Shale Dr., Davidson 7/19/19 JG3 Group LLC, Jennifer Grubb, 9108 Robbins Preserve Rd., Cornelius 7/19/19 Pulzaire Inc., Cami R. Melugin, 12858 Robert Walker Dr., Davidson 7/19/19 Vertical Vet Reminders LLC, John D. Wagoner, 19132 Lakehouse Point Dr., Cornelius 7/22/19 Haymaker Feeds Company, Allan A. Armbruster Jr., 15337 E. Rock Ct., Davidson 7/22/19 JDEA Properties LLC, United States Corporation Agents, 16538 Rudyard Ln., Huntersville 7/22/19 Mani&Tirtho LLC, Manikankana Dutta, 11518 Grenfell Ave., Huntersville 7/22/19 OBNC Holdings LLC, Nathan Horn, 19920 Scanmar Ln., Cornelius
Business Today 7/22/19 Unrivaled CrossFit LLC, Jessica B. West, 14119 Garden District Row, Huntersville 7/22/19 Up Real Estate Group LLC, John K. Pedone, 17440 Harbor Walk Dr., Cornelius 7/22/19 WDC RE LLC, David Modlin, 19810 W. Catawba Ave. #A1, Cornelius 7/23/19 Burhans Healthcare PLLC, George Burhans, 9319 Peachway Dr., Cornelius 7/23/19 Modern History Clay Works LLC, Gregory F. Fawcett II, 215 S. Main St. Ste. 304, Davidson 7/23/19 R&R Events LLC, Eugenia McDowell, 10956 Hat Creek Ln., Davidson 7/24/19 K&C Parnters LLC, Ibrahim Fethi Cetiner, 16850 Birkdale Commons Pkwy. Apt. C, Huntersville 7/24/19 Lakeland NC LLC, Movement Group Inc., 15905 Brookway Dr. Ste. 4201, Huntersville 7/24/19 Leaf Releaf LLC, Jesse C. Jones, 209 Delburg St. Ste. 203, Davidson 7/24/19 Martin Reid Studio Inc., Dustin Reid Martin, 21305 Catawba Ave., Cornelius 7/24/19 Oracle Bookkeeping LLC, Rebecca Christine Gauthier, 20215 Beard St., Cornelius 7/24/19 The Farm at Caney Creek Homeowners Association, Charles Payne, 4002 Conner Glenn Dr., Huntersville 7/25/19 Absolute Integration Inc., Jesse C. Jones, 209 Delburg St. Ste. 203, Davidson 7/25/19 Anne Marie Payne DMD PLLC, Anne Marie Payne, 9615 Caldwell Commons Cir. Ste. A, Cornelius 7/25/19 Daumar Corporation, Russell Dennert, 13265 Reese Blvd. East, Huntersville 7/25/19 Kenner-Freeman Management LLC, Namon Freeman, 18230 Pages End, Davidson 7/25/19 Property Management Solutions of the Carolinas LLC, Daniel J. Jones, 15905 Brookway Dr. Ste. 4107, Huntersville 7/26/19 Alyssa Ruane & Co., Alyssa Ruane, 9701 Bethel Church Rd. Ste. 103-184, Cornelius 7/26/19 BluSail Homes LLC, Brian J. Baumgardner, 7632 Garnkirk Dr., Huntersville 7/26/19 Lightspeed Toys & Collectibles LLC, Roy Altherr, 928 Martha’s View Dr., Huntersville 7/26/19 MyPunkin LLC, Sonji H. Farrell, 9911 Rose Commons Dr. Ste. E-1606, Huntersville 7/29/19 Band of Stars LLC, Elizabeth Stefano, 10308 Glenmeade Rd., Cornelius 7/29/19 INDY Cinema Group LLC, Carmela Del Vecchio, 104 South Main St., Huntersville 7/29/19 Kei Café LLC, Jenna Massey, 400 Gilead Rd. Box 170, Huntersville 7/29/19 P. Love Holdings Inc., Patrick S. Love, 13332 Centerview Ln., Huntersville 7/30/19 Ace Property Group LLC, Jim N. Kontos, 10225 Vixen Ln., Huntersville 7/30/19 Caliber Contracting & Demolition LLC, Jerotich Yegon, 20552 Harbor View Dr., Cornelius 7/30/19 Ferris Homes Inc., Anne Ferris, 12501 Willingdon Rd., Huntersville 7/30/19 King Logistics Inc., Peter Bent King, 19129 Lakehouse Pointe Dr., Cornelius 7/31/19 AAA Backflow Pro LLC, Victory
Business Today Valuations LLC, 6921 Church Woods Ln., Huntersville 7/31/19 AAA Backflow LLC, Victory Valuations LLC, 6921 Church Woods Ln., Huntersville 7/31/19 CARGAR LLC, Melody Garcia, 18008 Mollypop Ln., Cornelius 7/31/19 Hillside Davidson LLC, Watson Commercial Development, 568 Jetton St. Ste. 200, Davidson 7/31/19 New Fun 2 LLC, New Fun LLC, 10110 Vanguard Pkwy., Huntersville 7/31/19 Riles Ventures LLC, Robert H. Riles, 8808 Pristine Ct., Huntersville 7/31/19 The Volght Inc., Ellen Morgan, 10135 Allison Taylor Ct., Cornelius 7/31/19 Tracy Josey Real Estate LLC, Tracy Josey, 734 Cotton Gin Alley, Davidson 8/1/19 ESC Steel LLC, Jesse C. Jones, 209 Delburg St. Ste. 203, Davidson 8/1/19 Forward Freight LLC, William Rivera, 11852 Kennon Ridge Ln., Huntersville 8/1/19 Stable-2 LLC, Greg Golden, 15135 Ramah Church Rd., Huntersville 8/1/19 Tiamat Technology Solutions LLC, Brian Smith, 14104 Promenade Dr., Huntersville 8/1/19 virtualis360 LLC, United States Corporation Agents Inc., 18708 W. Catawba Ave., Cornelius 8/2/19 All About Balance Coaching LLC, Chalawn Majors, 10906 Tailwater St., Davidson 8/2/19 JourneyWell Counseling PLLC, Martin M. Brennan, 13801 Reese Blvd. W Ste. 110, Huntersville 8/2/19 North Carolina Baroque Orches-
More Mecklenburg New Corporations online at www.BusinessTodayNC.com
Cabarrus County 7/15/19 Aguilar Brothers Auto Sales LLC, Albino Aguilar, 1070 Concord Pkwy. N, Concord 7/15/19 Concord Longevity Medicine PLLC, Meghann Jones Blakenship, 300 McGill Ave. NW, Concord 7/15/19 Mindful Management LLC, Kapricia Reid, 4511 Zion Church Rd., Concord 7/15/19 Next Move LLC, James Waters, 469 Countrywood Pl. SE, Concord 7/15/19 Renew Your Perspective LLC, Alisa Atkinson McDonald, 710 Volta Dr. NW, Concord 7/15/19 United ATM LLC, Oscar Brizuela, 203 Heatherwood Ct. NW, Concord 7/16/19 Aguilar Total Auto Care LLC, Jose A. Aguilar, 1070 Concord Pkwy. N, Concord 7/16/19 Ardent Glass & Shower Inc., Michael Roberts, 432 Sweet Shrub Ct., Concord 7/16/19 Concord Family Enrichment Association Corp., VaLerie Kolczynski, 283 Harold Goodman Cir. SW, Concord 7/16/19 Fern Woods Inc., Jeffrey Fearn, 2271 Stone Pile Dr. SW, Concord 7/16/19 KWS Ministries LLC, Kiya Shears, 30 Hawthorne St. SW, Concord 7/16/19 Lee & Lee Law Firm PLLC, Aaron R.
O N T HE RECORD Lee, 1371 Piper Ct., Concord 7/16/19 Platform First Publishing LLC, Jamal A. Hunter, 8611 Concord Mills Blvd. #105, Concord 7/16/19 Renown Properties LLC, Jonathan Hamby, 631 Concord Pkwy. N, Concord 7/17/19 Free Walk LLC, Marshall Walker Jr., 1083 Cambrook Ct., Concord 7/17/19 Legacy 5 Foundation Inc., Charles Wayne Riggleman, 2224 Prairie Rd., Concord 7/17/19 Sudhakar Homes LLC, Sudhakara Reddy Meenige, 11231 Streamwood Ln. NW, Concord 7/18/19 C Cabrera Trucking LLC, Joselyn E. Cabrera, 4215 Pegwell Ave., Concord 7/19/19 Benton & Williams Management Services LLC, Vernon J. Williams, 1450 Fairington Dr. NW 101, Concord 7/19/19 Digital Engagements LLC, Werner Barkhuizen, 6801 Highgrove Pl., Concord 7/19/19 Sol Properties LLC, Stephanie Cooper Roberts, 5620 Concord Pkwy. S Ste. 103, Concord 7/19/19 Tori Johnson Studio LLC, Victoria Johnson, 348 Union Cemetery Rd. SW, Concord
More Cabarrus New Corporations online at www.BusinessTodayNC.com
Iredell County 7/15/19 BK8 Enterprises LLC, William Bordenkircher, 112 Holly Oak Way 28115 7/15/19 Ellen Goheen Inspired Interiors & Design LLC, Ellen Goheen, 176 Lilac Mist Loop 28115 7/15/19 Kang & Associates LLC, Lu Kang, 137 Knob Hill Rd. Ste. A 28117 7/15/19 Skol Vikes LLC, Joseph R. Glowacki, 321 Barber Loop 28117 7/15/19 Wealth for Saviours LLC, Kinndy Rodriguez, 132 Joe Knox Ave. Ste. 100A 28117 7/16/19 Big Beverages Contract Manufacturing LLC, Ryan Goff, 102 Golden Star Ln. 28117 7/16/19 Due Diligence Repair Specialists LLC, Jack Perrault, 201 Fox Hollow Rd. 28117 7/16/19 Eatabowl Inc., Tommy Tong, 246 North Main St. 28115 7/16/19 Glo Sunless LLC, Bethany Bloomer, 108 Ferngrove Ct. 28117 7/17/19 Blanq-Mor Cornelius LLC, Andrew Morgan, 210 Buckingham Place Rd. 28115 7/17/19 Burch-Moore Racing LLC, Lawrence Conrad Burch, 151 Barfield Rd. 28115 7/17/19 Factory Canopies LLC, Todd D. Davis, 149 Byers Creek Rd. Unit 101 28117 7/17/19 Ogles Investment Properties LLC, Dwayne Ogles, 225 Marietta Rd. 28117 7/17/19 Waterview Rd LLC, Gary J. Finizio, 145 Waterview Dr. 28117 7/18/19 RLArchitecture PLLC, Roger E. Layman, 690 Langtree Rd. 28117 7/18/19 Ronica & The Mighty Blazing Stars, Ronica Bowers, 583 W. McLelland Ave. 28115 7/18/19 Zoe Nails and Boutique Inc., Stephanie Newton Ingram, 1287 Shearers Rd. 28115 7/19/19 Eleanor Health Professional NC PLLC, Daniel Karlin, 123 Professional Park Dr.
Ste. 101 28117 7/19/19 Karrow Consulting Inc., Tom Karrow, 108 Sweet Leaf Ln. 28117 7/19/19 Nicholas Wentworth DMD PLLC, Nicholas Wentworth, 137 Paseo Dr. 28117 7/19/19 Perfect Solution Painting and Cleaning LLC, Arturo Venegas Emicente, 128 Mangum Cir. 28117 7/19/19 Princeton 150 LLC, Michael P. Goudreault, 132 Joe Knox Ave. Ste. 105 28117 7/19/19 Wingtip Partners LLC, Clint Settle, 122 Longboat Rd. 28117 7/22/19 125 E Plaza Drive LLC, Richard J. Lutzel, 542 Williamson Rd. Ste. 1 28117 7/22/19 Blackbird and Ivy LLC, Lindsay Boland, 261 Royalton Rd. 28115 7/22/19 Four Kids Financial LLC, Richard J. Lutzel, 542 Williamson Rd. Ste. 1 28117 7/22/19 Landmarx LLC, Donald W. Paracka, 149 Drawbridge Ct. 28117 7/22/19 Millennial Roofing & Restoration LLC, Josh Booher, 1044 Winterfield Dr. 28115 7/22/19 RMD Enterprise LLC, Alan W. Guffy, 149 Welton Way 28117 7/23/19 Chickadee Hill Farms LLC, Michelle Barsosky, 124 Chesterwood Ct. 28117 7/23/19 Dragonflower Seed Company LLC, Bruce Nager, 331 Alcove Rd. 3rd Floor 28117 7/23/19 Morrow Innovations LLC, Matthew Morrow, 112-A Argus Ln. Ste. 437 28117 7/24/19 JM Wellness Group LLC, Melanie Lewis, 104 Swamp Rose Dr. 28117 7/24/19 NewHope40 LLC, Conrad Hunter, 105 Brownstone Dr. 28117 7/24/19 Stier Nemechek Properties LLC, Taylor Rio Stier, 128 S. Iredell Industrial Park Rd. 28115 7/25/19 Dowens Stream LLC, Katie Dowens, 116 English Ivy Ln. 28117
More Iredell New Corporations online at www.BusinessTodayNC.com
Denver/Catawba 7/15/19 Dice Metal Works Inc, John Samuel Dice Jr., 3695 Blue Sky Dr., Denver 7/15/19 P & R Spreading LLC, Paulette Jones, 1758 Newland Rd., Denver 7/15/19 Pearl on a Vine LLC, June Alexandra Parish, 4017 Halyard Dr., Denver 7/15/19 Totally Wired and More LLC, Timothy W. Moonly, 7983 Sally Clark Dr., Denver 7/16/19 Denver Flips LLC, Joe Infanzon, 7590 Townsend Dr., Denver 7/16/19 Wildflowers Boutique LLC, Laura Seagle, 8346 Fairfield Forest Rd., Denver 7/18/19 One Point Nine LLC, Krista R. Bowen, 4762 Trails End Rd., Denver 7/22/19 21 Sapphire Inc., Jasper Accounting Group Inc., 3535 N. Highway 16, Denver 7/23/19 LOW-KI II LLC, Ann L. Shaffer, 2720 Sherrill Cove Way, Denver 7/23/19 Plainwood LLC, Paul Carini, 7061 Campground Rd., Denver
More Denver New Corporations online at www.BusinessTodayNC.com
September 2019
19
FEATURED LISTINGS
4451 Raceway Dr., Concord
Square footage: 14,470 Warehouse: 13,800 Office: 670 Ceiling: 20ft
19925 Jetton Rd., STE 200 Cornelius
780 SF , 4 Offices, Large open area for conference table, private bathroom
823 Old Statesville Rd Huntersville
1.63 acres of flat land with 200 ft of street frontage. Primed for commercial development. Sold as-is.
10210 Hickorywood Hills STE 200 - Huntersville
8 Exam Rooms, Reception area, break room, X-ray room, 2 separate entrances, 2,800 sf, AAAASF Surgical Certified.
Karen Tovar
cell: 704-905-6964
email: karen@thetovargroup.com www.thetovargroup.com
Business Today
20 September 2019
HOT PROPERTIES Charlotte home prices still climbing as much of the country slows down BY DAVE YOCHUM The rate of home-price increases fell in June to the lowest level in nearly seven years, according to the latest Case-Shiller Home Price Index from S&P Down Jones Indices and CoreLogic. June 2019 saw an annual increase of 3.1 percent for home prices nationwide, falling from the previous month’s 3.3 percent gain. Phoenix, Las Vegas and Tampa reported the highest year-over-year gains among all of the 20 cities. And Charlotte is doing just fine, with a 4.5 percent increase in sales prices from June of last year to June 2019. “Home price gains continue to trend down, but may be leveling off to a sustainable level,” said Philip Murphy, the boss man at S&P Dow Jones Indices. There are only six other cities among the Top 20 in the US with home prices seeing bigger annual gains: Los Angeles; San Diego; Washington, D.C.; Detroit; Minneapolis; and Cleveland. In super-heated Seattle, prices were down 1.3 percent year over year. Besides net in-migration, part of
Shaded area indicate U.S. recessions
what’s keeping the Charlotte market tight—and supporting higher prices— is the population of Baby Boomers who are staying put, said Angela Standish, sales manager for Standish
Allen Tate in Cornelius. “Boomers tend to live in their family homes longer than the preceding generation, choosing to either downsize later in life or remodel and age in place,” she said. This generation has seen large financial swings over their career, Standish said, and some are working well into
their 70s prior to making a move. “ A d d i t i o n a l l y, many boomers’ millennial children came home to roost after college, shortly followed by aging parents in need of Murphy
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Business Today
September 2019
HOT PROPERTIES
ON T HE R ECORD
care,” Standish said. About 42 percent of the housing inventory in America is “outdated and unloved,” said Pat Riley, CEO of Allen Tate. That is exacerbated by the fact that Boomers are not downsizing now until age 74, vs. their early 60s as in the past. “And at age 74, they are not buying down, but rather renting or moving into assisted living. Every year they remain in their homes is a year they are failing to update,” Riley Riley said. Abigail Jennings, president of Lake Norman Realty, said 2019 continues to be a “very strong” year for real estate in the Charlotte region. “We expect this trend to continue through the remainder of 2019 and into 2020,” she said. Nevertheless, there’s been a 1% decline in closed sales compared to 2018, but sales are 1% higher than 2017. “This could simply be due to lack of inventory and next month we may trend back up to record-levels,” Jennings said. Real estate observers say Charlotte
has historically been more of a steady market, less inclined to have dramatic ups and downs, like a Phoenix or Seattle. “There were times we coasted through without the impact felt by the rest of the nation,” Jennings said. Limited inventory post-recession has played out in above-average appreciation rates and equity growth for homeowners. For the first-time buyer, appreciation rates are not being sufficiently offset by low interest rates, Jennings Riley explained. Meanwhile, Millennials are saddled with college debt, not to mention high rents that make it difficult to save for that first home. Riley said the squeeze is coming from both ends. “First-timers are gumming up the system because of affordability and savings. The Boomers—the largest generation—are squatting,” The over-arching issue is good inventory, which Riley doesn’t see improving anytime soon.
Months Supply of Inventory across all price points
JULY 2019
CHARLOTTE MLS............5.4 months
(balanced market region-wide)
Cornelius……………...3.1 months
(still a sellers market)
Huntersville…….....…3.0 months
(still a sellers market) Davidson.……………..4.9 months (shifting to balanced market)
Denver………………...5.4 months (balanced market) Mooresville…………...4.6 months
(shifting to balanced market) Statesville…………….6.2 months (balanced market)
Concord.......................2 months (sellers market) Kannapolis..................1.6 months (sellers market) Cabarrus County.........1.9 months (sellers market) Source: Angela Standish/Allen Tate
21
Business Today
22 September 2019
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September 2019 ROC continued from page 1 The programs ultimately helps rebuild the local building industry which was devastated by the 2008 recession. Adding to the challenge is the fact that fewer high schools operate robust career and technical educational programs, especially high-poverty schools where students could most benefit, and the fact that the aging construction workforce continues to retire. ROC takes on the notion that every student should be on a 4-year university track, regardless of that student’s learning ability or interest. Meanwhile, a Harvard University/UC Berkeley study ranked Charlotte 50th
out of 50 in upward mobility among the largest U.S. cities. The Lake Norman Home Builders is donating $5,000 to ROC. The funds were raised by events sponsored by the Professional Women in Building of the Lake Norman Association to help transport young workers. The goal of ROC is to provide a career path for underserved teens through a youth apprenticeship in the construction industry where skilled labor is in high demand. “Parents want success for their kids and are starting to see the attractive wages paid in career fields such as construction management,” Ash said. Charlotte faces a triple challenge and
opportunity. In addition to the upward mobility problem—which manifests itself among teens and younger adults—there are thousands of well-paying construction jobs and not enough qualified people to fill them. A recent survey by the Department of Commerce found that a majority of construction companies in NC had hiring difficulties – especially prevalent in the carpentry (60 percent) and electrical (53 percent) industries. With 33,000 new NC construction related trade job openings projected by 2024 (11,000 alone in Mecklenburg County), current training pipelines will be inadequate to meet this demand.
23
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Lance Carlyle 704-252-0237
Jim Carlyle 704-252-3047
Terry Byars 704-728-9775
Marci Carlyle 704-451-8399
Terry Donahue 321-402-8543
Al Strickland 704-201-7244
Tammy Godwin 704-650-0296
Blaire Cohn 678-591-6621
19520 W Catawba Ave Suite 113 | Cornelius, NC 28031 | 704-895-4676 Office | www.CarlyleProperties.com