June 2019 Published monthly
Business Intelligence for the Golden Crescent: Lake Norman • Cabarrus • University City
Augustalee The site of the most famous mixed-use project never built is under contract. Augustalee was the concocted name for a half-billion dollar project that would have included hotels, offices, retail and homes on more than 100 acres that back up to I-77 between Exit 25 and Exit 28 in Cornelius. The old Cook Farm sold for $34 million before the bottom fell out of the real estate market. Then it sold for $7 million. Sources have told us the contract price.
Volume 18, Number 3 $1.50
Charlotte ranks high for start-ups
BY DEBBIE GRIFFIN The Charlotte area ranked 6th in a recent, nationwide, WalletHub study on 100 large cities and how they rate as places to start a small business. The same study placed us at the top of the list for “highest average growth in number of small businesses.”
The study ranked Orlando, Oklahoma City, Miami, Austin and Tampa as the top-five cities for starting a small business. Big data and local perspectives help tell the story of how the Lake Norman business community contributes to the region’s entrepreneurial success. In addition to the criteria used for the study, business broker Joe Vagnone names top factors that draw people to Lake Norman: 1. Weather: North Carolina is known for four beautiful seasons and moderSee start-ups page 22
I-77 toll lanes open with no fanfare BY DAVE YOCHUM At 8:30 am June 3, traffic was flowing freely at Exit 28 on down to Westmoreland, while hardly any vehicles were traveling southbound in the Express/Toll lanes from Lake Norman to Charlotte. After 3 1/2 years of construction, the first stretch of toll lanes from Exit 36 in Mooresville to Hambright Road, was open on a work day. They opened quietly, with no fanfare whatsoever the previous Saturday morning. It was quite a contrast to the official dedication of the H. Allen Tate Jr. Highway, a section of I-485. Dedicated with plenty of fanfare in 2015, Charlotte Mayor Dan Clodfelter was there, as was the head of the Charlotte Chamber, Bob Morgan. It was a cold day in March when the Allen Tate Highway opened four years
See Toll Lanes page 10
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Karen Krotki is the new broker in charge at Sotheby’s in Cornelius. She’s a 20-year veteran of the luxury marketplace
Business Today P.O. Box 2062 Cornelius, NC 28031
2 June 2019
Augustalee property is under contract Lender foreclosed 10 years ago on original developer BY DAVE YOCHUM One of the most significant development sites in Lake Norman is under contract, years after the original project—known as Augustalee—flamed across the economic development sky into foreclosure. The sale price and buyer likely won’t be disclosed until after a 150-day due diligence period is completed. Executives at Concord-based ACN purchased the 110-acre Augustalee property for $7.3 million in 2012 after Fifth Third Bank took it back from Bromont Investments, the original developer a decade ago. The property had been on the market at $22 million. Sources close to the deal said the contract price is $20 million. Bromont, based in Scottsdale, Ariz., paid an astonishing $34 million to members of the Cook family who had farmed the property actively until about 2006. Members of the Rector family, the noteworthy horse people behind Bromont, could not be reached for comment. Plans back in 2006-2007 called for a 1.4 millionsquare-foot mixed-use project dubbed The Village at Lake Norman in Cornelius. Similar in concept to Birkdale to the west on Hwy. 73, the Village had 500,000 square feet of office space, not to mention 840,000 square Walt Rector feet of retail remains active in and 440,000 real estate square feet of development residential. The name morphed into Augustalee, and the project became the talk of the economic development world. Walt Rector wanted partial reimbursement through a development grant for a $40 million exit off Interstate 77 dubbed Exit 27. The grant would have been
Cornelius Bromont changed the name of the Village of Lake Norman to Augustalee in 2008. The $515 million project included 655,000 square feet of restaurant/retail space, 810,000 square feet of office space, two hotels and 400 residential condominiums. based on funds generated by the increased tax revenue the project could generate. Augustalee fronted on I-77 between Exit 25 and Exit 28, but it needed the new interchange at Westmoreland Road on the northern end of the lyrically named property. While a new Exit 27 is not part of NCDOT planning, the Town of Cornelius is in fact working with Kimley-Horn design consultants on the development of an Interchange Access Report. They’re necessary to obtain approval from Federal Highway Administration and NCDOT for a new interchange at the Westmoreland overpass. “We are about halfway through the process to reach the final report,” said Andrew Grant, Cornelius town manager. A new Exit 27 interchange is considered essential to “unlocking the commercial development potential of the study area,” according to a 2015 Lake Norman Economic Development study drafted by the Urban Land Institute. The study went on to say that a traditional single-point urban interchange at Westmoreland Road would “not serve the best interests of all parties involved,” suggesting that a more complex “Square” interchange or “Counterchange” could create a signa-
ture gateway to the community. A similar design was used in 2011 in Gloucester Township, N.J., for an interchange on Route 42, a limited access highway that runs from Philadelphia to Atlantic City Cornelius experienced tremendous growth between 2000 and 2010, more than doubling in population from 11,969 to 24,866, but Cornelius has experienced relatively little non-residential growth over the years. Bromont had planned a Ballantynelike mixed-use development, with Class A office space for “corporate relocation, some retail and some residential.” There would have been luxury condos, hotels and office and retail space, not to mention underground parking. Indeed, the mixed-use project was expected to employ more than 4,000 workers, but a new freeway exit was needed to pull it all together and provide ready access for commuters. Of course the real estate market collapsed, sealing Augustalee’s fate. Fifth Third Bank was the senior lender on the proposed $155 million, mixed-used development; the BUILD Fund was the secondary lender until foreclosing on the original develop-
Augustalee is just east of I-77 between Exit 25 and Exit 28
continued on page 3
Medical marijuana is subject of Newsmakers Breakfast June 19 Dr. William F. Wright, a psychiatrist with Atrium Health, will be the Newsmakers Breakfast speaker June 19 at The Peninsula Club. The Q&A Wright over breakfast will take an unbiased, scientific look at the business of cannabis-derived oils and medical claims. Wright, one of only two addiction psychiatrists with Atrium, is an assistant professor at the Sandra and Leon Levine Psychiatry Residence Program at the UNC School of Medicine. Newsmakers Breakfasts, which cost
$12 to attend, are open-forum 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 8:05 a.m. and concludes at 9 a.m. The $12 cost includes a full country breakfast. Reserve a seat by calling 704-8951335 with Visa or MasterCard. The Presenting Sponsor is Ckezepis Law Firm, based in Huntersville. The Breakfast Sponsors are Jack’s Corner Tap and KS Audio Video, both in Cornelius. Coffee Sponsors include Corneliusbased Aquesta Bank, Allen Tate Realtors Dixie Dean and Christina Stone and James Funeral Home in Huntersville.
continued from page 2
The site is considered a trophy in the world of commercial real estate development. It’s unknown whether any of the ACN-related companies would participate somehow in a reconfigured, reimagined Augustalee project 10 years later.
ers, Cornelius Bromont and Bromont Investments, in August of 2009. At a foreclosure sale, the BUILD Fund was the sole bidder for Augustalee, offering $2.5 million. The fund had already advanced the development $19 million.
Bromont had planned a Ballantyne-like mixed-use development, with Class A office space for “corporate relocation, some retail and some residential.”
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4 June 2019
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New managing broker at Sotheby’s Lake Norman
Photo credit: Joe Purvis
Krotki (inset) $4.78 million sale set record Premier Sotheby’s International Realty, which has become a major player in the Lake Norman luxury market since opening in Cornelius four years ago, has a new managing broker. Karen
Krotki will take over from Jason Gentry who is returning to the Charlotte office. Notably, Gentry was the president of the Charlotte Regional Realtor Association last year.
Krotki was the managing broker at a Coldwell Banker office in Tampa, Fla., where she had a reputation for training and mentoring. “The Charlotte area is among the most dynamic markets in the country for growth in the future, and I’m incredibly excited about leading this elite group under the Sotheby’s International Realty brand,” she said The Cornelius office has produced major sales. A 12,000 square foot lakefront estate in The Point in Mooresville sold for $4.78 million in April after being listed at $5.9 million with Victor and Amy Petrenko of Premier Sotheby’s in Cornelius. The house, at 127 Thurstons Way, had been on and off the market with other firms for a number of years previously. The sale price last month was one of the highest in the Charlotte market so far this year. Last year Premier Sotheby’s listed and sold a lakefront property on Lola Circle in Cornelius for $1.85 million. It is expected to be a tear-down, suggest-
ing a powerful pricetag for the 1.25acre property with 400+ feet of shoreline. Krotki has a masters in financial management from Fairfield U n i v e rGentry sity. Budge Huskey, president of Premier Sotheby’s, said Gentry will continue to “represent the company again as one of our top associates” in Charlotte. Premier Sotheby’s International Realty has over 1,100 associates and employees in 40 locations in Florida and North Carolina. The firm is associated with the storied Sotheby’s auction house, established in 1744.
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Mark Bardo, a well-known name in Lake Norman luxury real estate, is back at Allen Tate. He is the new regional vice president for the company’s Upstate South Carolina region. He will also oversee Allen Tate’s luxury homes marketing program across the
1/8/19 3:01 PM
company footprint in North and South Carolina. Bardo has more than 30 years of residential real estate experience, including 17 years at Allen Tate, where he held various leadership roles including vice president of operations, regional vice president, branch leader of the Cornelius office and relocation director. Since 2014, Bardo has served as vice president of sales for Illustrated Properties in Palm Beach County, Fla. and executive vice president for John R. Wood Properties in Naples, Fla. Both companies earned the Leading RE Luxury Portfolio Broker of the Year Award for excellence in luxury property marketing during Bardo’s tenure. Bardo, who attended Clemson University, will live on Lake Keowee.
6 June 2019
Could toll lanes benefit some businesses? BY DAVE VIESER There’s been enough negative news about the I-77 toll lanes to fill half of Lake Norman. While much of it revolves around the economic impact the toll lanes will have, there might be some good news for local businesses. The toll lanes are limited to vehicles with no more than two axles, which means a variety of commercial trucks and vans can use them. Of course, 18-wheelers are not allowed. On a recent weekday morning a Lake Norman area plumber and a grill repair business were trucking down the toll lanes toward Charlotte. There is a toll to be paid every time the new lanes are used, but if local businesses can dramatically improve travel times and “eat” the tolls as a cost of business, then the toll lanes could prove beneficial to their operations. Potential candidates include garage door repair firms, plumbers, locksmiths, HVAC companies—any firm where response time is of the essence. Several such local firms contacted
by Business Today this week indicated they might indeed instruct their drivers to use the toll lanes if and when speed is a must, though none agreed to have their company names published—no doubt wanting to avoid the wrath of the people—and businesses—that rely on I-77 as a virtual Main Street. Mobility Partners Director of Corporate Affairs Jean Leier could not be reached for comment. She was out of the office the first full week that the
toll lanes were open. NCDOT referred inquiries to Mobility Partners. The use of toll lanes by trucks has been one of the more controversial issues regarding I 77. Tractor-trailer are not allowed on the toll lanes but truck drivers, especially those from other parts of the country, may not realize that fact. Cintra’s private law enforcement firm will warn and then fine those drivers. The lanes are built to hold full loads, so there is
no safety concern. However the pavement won’t last as long if there is frequent, long-term use by larger trucks. Mecklenburg County Commissioner Pat Cotham says she will boycott the tolls. Meanwhile we’ll wait to see if the smaller-sized businesses with two axle vehicles can actually make lemonaide out of lemons.
Why throw darts when you can hurl an ax? Team building with an edge Ax bars, where patrons throw axes at targets on the wall, are a growing trend across the country, despite all the logic in the world. Ax-throwing bars are big in Austin, Charlotte, Denver and Brooklyn, and more are on the way. It’s considered a team-building experience, not just a bar. But one such bar in Cornelius is still on hold almost a year after the project was announced. The Lodge was expected to open around Labor Day last year in 6,000 square feet of space that was last home to a catering business. However, reached last week, owner Chris Durant said he was unable to comment on the status or any future plans, under the direction of an attorney. In a Facebook post, he said “we have been going through a lot of back and forth between our architects and the Durant folks at Code Enforcement with Mecklenburg County. The situation we find ourselves in, has to do with a building that is a long way from being code compliant for our particular needs.” Ax-throwing is somehow inherently convivial, like bowling. Athletic types can lose big-time, while the least likely modern-day lumberjack or Jill may have an edge. Whether ax bars are a trend that will stand the test of time is anybody’s guess. A 26-year-old became an internet sensation in April when she threw an ax toward the wooden target, but it ricocheted and nearly split her head in two. The National Axe Throwing Federation, which has some 4,000 members from over 50 cities, says improper techniques were employed and incidents like that are rare. The NATF was established in 2016 with the vision of creating a standard rule system to enable broad and accessible competition amongst players. The Backyard Axe Throwing League will hold “Royale No. 1” Sept. 1 in Novi, MI, where more than five dozen
of world’s the best axe throwers will battle it out for $10,000 in cash prizes. Next stop: A place in the Olympics. Owner Chris Durant, who is also a real estate agent in Lake Norman, says the delays around The Lodge opening have nothing to do with safety concerns.
“The level of interest we have had regarding corporate involvement, sales recognition and everything in attached, including private parties, has been phenomenal,” Durant said.
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8 June 2019
Workforce development team gets community college award Rowan-Cabarrus Community College, Castle & Cooke and the City of Kannapolis have been named the NC Community College System’s 2019 Distinguished Partners in Excellence. It’s a big feather in their cap as the partnership begins its second decade. The goal: Training the workforce of the future. “By working together, we are able to create new and better opportunities for people of all ages, backgrounds and interests. We expect our work to continue to propel more growth and prosperity Hinnant for the city and the entire region,” said Mayor Darrell Hinnant. The three-way partnership focuses on educational opportunities, workforce preparation and economic development. Later this year of the new NC Food Innovation Laboratory at the NCRC will add a research component to support for new businesses and new jobs. Collaboration between Castle & Cooke and Kannapolis began over a decade ago, with an emphasis on hands-on and practical. They have helped advance the College Station campus, home to the RCCC cosme-
tology school, which opened last summer, and the Advanced Technology Center, which will open later this year. The partnership award focused on two of the most notable partnership efforts, which included a significant investment from the City of Kannapolis to relocate the College’s cosmetology program from West Avenue in downtown Kannapolis to the former Big Lots shopping center on North Cannon Boulevard. The relocation supports the new downtown revitalization project. Castle & Cooke donated three acres on the North Carolina Research Campus where the College’s Advanced Technology Center will be located. The cosmetology program combines a scientific and artistic education with hands-on training in a salon environment. The nearly 60,000-square-foot Advanced Technology Center will house classroom and laboratory facilities and will provide industry-recognized certifications, hands-on skills and customized training and support services to address the educational needs of companies with high technology demands and in emerging fields. The partner award was established by the State Board of Community Colleges in 2006. It recognizes an exemplary employer, business or industry group that has demonstrated decisive involvement and firm commitment to the professional development of its employees.
The North Carolina Research Campus will house a 60,000 sq ft. Advanced Technology Center
10 June 2019 Toll Lanes continued from page 1
ago, and cold in a different way for the opening of the Express/Toll lanes on I-77. Cornelius Town Commissioner Dave Gilroy, one of the early opponents of the $650 million contract with Cintra, said this: “I think we’ll all be constantly shaking our heads in frustration at so much unused and underutilized pavement out there.” Mecklenburg County Commissioner Pat Cotham says she will boycott the tolls. Business, particularly logistics- and
manufacturing-related, will migrate south to South Carolina where increased highway access to the critical Charleston ports is a top priority in the Palmetto State, according to former Mecklenburg County Commissioner Jim Puckett. Meanwhile, people like UNC-Charlotte transportation studies expert David Hartgen say the toll lanes—which don’t allow tractor trailers—will actually exacerbate congestion. Hartgen said the congestion will create a “transportation dead zone” on I-77 north of Charlotte to I-40 between Asheville and Greensboro.
When the final stretch of I-485 opened in Charlotte, dignitaries descended on the freeway, including a titan in Charlotte real estate, H. Allen Tate, for whomthe 8-mile segment was named.
Rep. Chaz Beasley, Sen. Natasha Marcus, Rep. Christy Clark, Sen. Vickie Sawyer at an I-77 press conference in March Puckett said the dead zone ultimately will extend north of I-40 to an ever-widening upside-down triangle centered on I-77 and the almost insurmountable congestion from Lake Norman to Charlotte. At the same time, I-26 in South Carolina will become a “golden corridor” for critical manufacturing jobs, Puckett said. The rest of Cintra’s 26-mile toll lane project is expected to open in September or October. I-77 Mobility Partners is a subsidiary of Spain-based Cintra, which is itself a unit of Ferrovial, where profits from the tolls will ultimately reside.
For the first six months, toll lane customers will get a 25% discount. “And now, for those trying to get value from the new lanes, the billing errors, chaos and unfairness begins,” Gilroy said. NC Sen. Natasha Marcus, who represents District 41, said she will keep working toward cancelling the 50-year Cintra contract which seems to have support from NC Sen. Pro Tem Phil Berger, a Republican. “We continue to believe that tolls on I-77 are an unfair double tax on the drivers of North Mecklenburg,” she said.
Dealer donates van to Mooresville shelter Lake Norman Chrysler Dodge Jeep Ram has donated a van to Lake Norman Humane that was up-fitted with graphics, a spray bed-liner and adjustable racks for pet crates. The climatecontrolled vehicle will be used for spay/neuter transports, animal intakes and emergency and disaster relief efforts. The vehicle already brought five dogs from New York that were rescued from the Asian dog meat trade and Yulin Festival.
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12 June 2019
News from www.Businesstodaync.com
I-77 shoulder hardening starts next spring/summer By Dave Yochum. NC Sen. Natasha Marcus says reconstruction of the shoulders of I-77—known as hardening—will begin late spring or early summer next year. The work, which is not part of the I- 77 Mobility Partners/ Cintra contract, will add capacity to the controversial highway. NCDOT will bid out the contract for the hardening separately, said Marcus, who represents NC Senate District 41. Reinforced road shoulders as peaktime travel lanes between Mooresville and Huntersville are apparently more useful for reducing congestion than the now partially opened toll lanes. The change would not trigger compensation considerations outlined in the $650 million, 50-year agreement between NCDOT and I-77 Mobility Partners, the private company that is building and will operate the Express Lanes. Traffic during this morning’s rush hour moved along without any significant backups. “Some cars used the toll lanes and traffic in the GP lanes seemed to benefit. The truer test will be mid-week, when traffic is at its worst,” she said.
NC Rep. Christy Clark said when she drove on I-77 she was immediately concerned that the work has not been completed. “The uneven lanes, unclear lane markings and inconsistencies in quality gave me cause for concern. I am committed to holding I-77 Mobility Partners and NCDOT to task on this project to ensure the long term safety of drivers in our community,” Clark said. The notion of exit-to-exit shoulder reinforcements comes from concerns often expressed by the Lake Norman Chamber, which has
said I-77 functions as a north-south “Main Street” for local drivers. Meanwhile, widening High 21 is “in the beginning stages, with rights of way acquisition beginning soon,” Marcus said. The 5.5 mile project should be complete in six years. On the third day of a partial opening, I-77 toll lane drivers are complaining that the roadway levels on I-77 are uneven between the toll lanes and the general purpose lanes. “I’ve heard from many constituents who saw what I saw — a drop off in level between the toll lanes and the
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general purpose lanes, lack of clear signage for ingress and egress, poorly maintained pylon dividers, and shoddy paving and striping in the general purpose lanes,” Marcus said. Marcus and Clark called a meeting with NCDOT chief engineers to go over problems. “NCDOT promised to post Q&A information soon,” Marcus said. The opening of the tolls lanes is not meant to signal that they consider the entire project complete, she said. “NCDOT is aware that significant portions of the general purpose lanes need rehabilitation, repaving and striping,” Marcus explained. It may take until October to complete that work. Work will be done only at night and traffic will be rerouted into the toll lanes to get around the work, without having to pay a toll during the detour. Marcus said the current drop-off/ grade differential between the toll lanes and the GP lanes could not be avoided during the repaving and is within the range DOT specifies as safe. Other remedies are coming: • The orange barrels and road closures around the NB Hambright Road/ MM23 ingress are being improved ASAP. • The transition areas between toll and general purpose lanes will all be marked with shortened dotted lines to indicate permission to enter/exit the toll lanes. The lanes will be level when complete. • Trucks with more than 2 axels are not allowed in the toll lanes. It’s common with a new traffic pattern for drivers to make mistakes and DOT acknowledged that larger trucks have been seen in the toll lanes. It will be up to I-77’s privately contracted law enforcement to fine those drivers. The structures and lanes are built to hold full loads, so there is no safety concern. The pavement won’t last as long as it should if there is frequent, longterm use by larger trucks. • The speed limit in certain sections of the toll lanes will be 5 mph higher than in the GP lanes: 60mph between 277 and I-85 and 70 mph between I-85 and exit 28. It will be the same 65 mph north of exit 28. • Posted toll rates are currently 25% lower than they will be when the full project is complete in six months.
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14 June 2019
Sales managers: Your...Words...Must...Sell The electronic and analog worlds we dwell in are jammed with words; that is in part of why we feel information overload. Whether it is a fast-paced soliloquy advertisement, emails, or an engaging personal conversation, all those words are trying to get a message to you; just like you try daily to get messages to your customers. So why is it we find it difficult to recall so much of what we hear? If you can figure that out, you can apply the solution to your daily sales talk. This will make it easier for customers to identify more clearly how you meet their needs; that it was you who can meet their needs; why what you sell can help them meet their goals. How can you make words become easier to understand and remember? By: • Saying volumes in a few, precise words. • Framing the words to create specific context. • Showcasing words that mean the most to the listener. Think songwriting. What makes the words, “help,” “physical” and “believe” bring us immediately back in time with
our memories, our friends, and makes us feel good? Thanks to the songs of The Beatles, Olivia Newton-John and Cher, respectfully, their use of a single word framed in a specific context helps us recall and relive good memories, and compels us to recite their lyrics exactly as they originally composed them. I frequently train managers how to communicate more effectively. Many times they initially tell me they are already excellent communicators, while their direct-reports say something quite different. I give them this analogy: Just
because you can place an order at a fast food drive-thru and get what you ordered at the window does not qualify you as a brilliant communicator. And the same is true of sales professionals. The more time you take to hone your sales messages, the more accurate your words will be, the more visual your message can become, the more powerful your presence will be, and the more memorable your product or service, and you, will be. A disclaimer: I love my dictionaries and I adore my Writer’s Thesaurus. And yes, I know you can, for free, electronically look up words; I just find great satisfaction in dwelling on a written list of words, their definitions, their variety of uses.
How to Start Think through – or recite and record, your sales pitch, specifically your description of the product or services as you would say these things to your customer. Ponder your words. Splice, re-arrange, and re-write them.
Accurate Words Say volumes in a few, precise words. Be precise in what you say. If your product is “on sale this week”, state the dates of the sale so there is a clear timeline within which they should act. If the sale is “incredible” careful decision makers will be hesitant unless you are specific that the sale is, “25% off.”
Visual Words Frame the words to create specific context. Purchasers like to understand your commitment, and to plan. If you create strong visual images for them, they can do both better. “It should arrive late next week.” This seems undefin-
able, but, “It will be in your business by Thursday, June 6th.” is much strongerthey can see it both on their calendar and in their business.
Memorable Words Showcasing words that mean the most to the listener. “My product allows you more time to do what you want to do.” This is vague. But if you know more about what your customer values you can customize how you frame the statement: “This product saves the average user 45 minutes a day.” Or, “My product could save you enough time to have time for an extra round of golf a week.” Both statements offer meaning the customer will use as an anchor to remind them why they should buy from you.
Get Started The time you invest in polishing your sales messages will likely make your message more powerful, and enhance your presence in the eyes of your customer. My advice: Instead of chatting to fill time, if you will pause, think about what words you should best use, then speak, you will generally be more accurate. And these efforts will support your customer’s decision process as they decide to buy from you. 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.
ON T HE RECORD
THIS MONTH TRANSACTIONS…………….... 15-18 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 4/18/19 $2,675,000 William & Tara Weigh to Ronald Brummeyer, 18111Harbor Light Blvd., Cornelius 4/18/19 $730,000 Scott & Meghan Allison to Alan & Christine Claunch, 17924 River Ford Dr., Davidson 4/18/19 $463,000 Epcon Huntersville to Glen & Annette Morrow, 8230 Parknoll Dr., Huntersville 4/22/19 $305,000 Stephanie & George Howard IV to Andrea Shimberg, 14629 Lyon Hill Ln., Huntersville 4/2219 $425,000 Brian & Andrea Shimberg to Douglas & Mary Blacker, 8737 Shadetree St., Huntersaville 4/22/19 $359,000 Izaak & Tiffany Clark to Patrick & Alexandra Sommer, 15812 Kinlocke Dr., Huntersville 4/22/19 $353,000 Jennifer Knighton to John Allison, 15609 Kiser Comer Ln., Davidson 4/22/19 $254,500 Opendoor Property D to Lemuel Jones, 10326 Watoga Way, Cornelius 4/23/19 $356,500 Richard & Sally Coleman to Wayne Folger, 18700 Nautical Dr. Unit 102, Cornelius 4/23/19 $675,000 Lance & Polly Cantor to Paul & Paula DeJong, 18108 River Ford Dr., Davidson 4/23/19 $275,000 James O’Neal IV to Jonathan CC Neal & Chole Watson, 16819 Spruell St., Huntersville 4/23/19 $260,000 Christy D’Hondt to Ramsey Marra, 8118 Strandhill Rd., Hunters-
ville 4/23/19 $610,000 Janice Salisbury & Renee Morton to Christopher & Christy Wilbanks, 104 Caldwell Ln., Davidson 4/23/19 $252,000 Bonnie & Ray Adams Jr. to Leonard & Melissa Marte, 11730 Journeys End Trl., Huntersville 4/24/19 $425,000 Seth & Ilana Dorfman to Fernando & Amber Culs, 16310 Cardrose Ln., Huntersville 4/24/19 $378,000 Michael & Jennifer Brousseau to Caroline Fowler & Andrew Dennis,m 9614 Hillspring Dr., Huntersville 4/24/19 $334,500 Matthew & Megan Fero to Jenna Wetmore, 10510 Blackstone Dr., Huntersville 4/24/19 $490,000 Robert & Melinda Mann to Stephen & Georgia Holler, 16305 Barcica Ln., Cornelius 4/24/19 $290,000 Jian Zeng & Queen Law to James O’Neal IV, 15808 Oxford Glenn Dr., Huntersville 4/25/19 $304,000 Standard Pacific of the Carolinas to Erik & Bilie Kopco, 15512 Laverack Ln., Davidson 4/25/19 $1,225,000 David & Lois Steed to Jeffrey & Sharon Schmidt, 18224 Peninsula Club Dr., Cornelius 4/25/19 $275,000 Christina Clark to terri Conner, 18816 Nautical Dr. Unit 6, Cornelius 4/26/19 $227,500 Bruno & Megan Mourao to Ryan Thomas, 9005 Washam Potts Rd., Corneliu 4/26/19 $499,000 John Newman & Sabistary Singh to Patrick & Erin Macaulay, 18832 Geryton Ln., Davidson 4/26/19 $320,000 Paul Gendreau & Yvette Theriault to Jason Kirk, 16331 Spruell St., Huntersville 4/26/19 $432,000 Alisa LaLiberte to Barbara & Alton Gowen, 2015 Bishops Ct., Cornelius 4/26/19 $538,000 South Creek Construction to Thomas & Consuela Aubin, 13008 Riley Grace Ln., Cornelius 4/26/19 $460,000 Standard Pacific of the Carolinas to John & Julie Noble, 14333 Grundy’s Way, Davidson 4/26/19 $356,500 Lindsay & Joseph Walbert Jr. to Stefano Gaggero & Laura Bresciani, 13649 Cotesworth Ct., Huntersville 4/29/19 $258,000 Buoenagura & Assoc. to Claude &N Lucia Verville, 7500 Woods Ln. Unit 43, Cornelius 4/29/19 $875,000 Vincent & Whitney Palazzi
to Jeffrey & MaryLou Bourne, 20210 Bascom. Ridge Dr., Cornelius 4/29/19 $318,000 Kristen Spillman to Stephanie Jackson, 12634 Cheverly Dr., Huntersville 4/30/19 $395,000 Standard Pacific of the Carolinas to Bethany Joy Walton, 14339 Grundy’s Way, Davidson 4/30/19 $532,000 Taylor Morrison of Carolinas to Jeannette & Timothy Anselmo, 12219 Potts Plantation Cir., Cornelius 4/30/19 $467,500 John & Kathryn Perrin to Michael & Michelle Spencer, 15836 Burlingame Dr., Huntersville 4/30/19 $445,000 Scott & Andrea Venus to Rachel & Matthew Giller, 14714 Plessia Pl., Huntersville 4/30/19 $383,000 Sarah Welch to Brian & Sharon Cox, 10126 Edgecliff Rd., Huntersville 4/30/19 $296,000 Brian & Laura Johnson to Cathy & Daniel Ramirez Jr., 16137 Spruell St., Huntersville 4/30/19 $288,500 Michelle Hefner to Alan Y Julie Nilsson, 17055 Hampton Trace Rd., Huntersville 4/30/19 $645,000 Salvador & Jacquelyn Anselmo to Victor & Kelly Esguerra, 9141 Robbins Preserve Rd. Cornelius 4/30/19 $414,000 Jason & Michelle Hall to Virgen Valle McAbee, 13616 James Ervin Way, Davidson 4/30/19 $558,500 South Creek Construction to Robert & Carol Campbell, 12116 Addi Ln., Cornelius 4/30/19 $288,000 Knock Homes A to Christopher & Jacqueline Behm, 11941 Waterperry Ct., Huntersville 4/30/19 $455,000 Kellie Jo & Darren McRorie to Rush & Kary Watson, 12524 Robert Walker Dr., Davidson 5/1/19 $276,000 Trustees of Davidson College to Christopher & Lauren Clunie, 107 N . Lynbrook Dr., Davidson 5/1/19 $346,000 James Hogan & Kyung Campise to Alan Claunch, 18821 Victoria Bay Dr., Cornelius 5/1/19 $396,000 Gerald & Lynette Nograsek to Ashley & Wayne Westmoreland, 12126 Willingdon Rd., Huntersville 5/1/19 $281,000 Denise Marenna to Nancy Copeland, 8811 Cool Meadow Dr., Huntersville 5/2/19 $1,350,000 Charlie & Bonnie Bell to Charles & Debra O’Brien, 17418 Sail View Dr.
Cornelius 5/2/19 $391,000 James & Kimberly Smith to Brett & Holly Milanese, 12409 Willingdon Rd., Huntersville 5/2/19 $283,500 Kisuk Twogood to Thomas & Lisa Panepinto and Paul Gioe, 18726 Nautical Dr. Unit 101, Cornelius 5/2/19 $580,000 Bartolomeo & Angela Cramarossa to Paul & Jeanne Wilkinson, 8906 Leyanne Ct., Huntersville 5/2/19 $345,000 Patricia Andrews to Tyle & Kimberly Ross, 211 Fairview Ln., Davidson 5/2/19 $372,000 Christine Kraly to Alice Hicks, 21315 Harken Dr., Cornelius 5/2/19 $335,000 Holly & Brett Milanese to Diane labella, 14623 Holly Springs Rd., Huntersville 5/3/19 $557,000 Sheldon Piperno &Judith Buckley to Thao & Anton Kraly IV, 9138 Robbins Preserve Rd., Cornelius 5/3/19 $311,500 Standard Pacific of the Carolinas to Fernando Guzman & Lorena Benzecri, 15529 Davidson East Dr., Davidson 5/3/19 $295,000 Michael & Kimberly Jolley to Robbon Homes SPV I, 16828 Summers Walk Blvd., Davidson 5/3/19 $395,000 Steven & Vauncile Drusin to Hector Tamburini & Missile Silvestre, 12321 Kane Alexander Dr., Huntersville 5/3/19 $1,162,500 Steven Grafton to Nicholas & Cynthia Kain, 16509 Barcica Ln., Cornelius 5/6/19 $330,000 Justin & Melissa Kennelly to Luke & Holly Haines, 17231 Caldwell Track Dr., Huntersville 5/6/19 $439,000 Amy Hutchinson & Marshall Coble to Charles & Gayle Knox, 16219 Lakeside Loop Ln., Cornelius 5/6/19 $280,000 Christopher Hallmark & Karen Hallmark-Mejia to Beverly Blake, 18124 Harbor Mist Rd., Cornelius 5/6/19 $405,000 Robertß & Patricia Geary to Matthew & Megan Fero, 12115 Farnbortough Rd., Huntersville 5/6/19 $314,500 Jeremy & Angela Rizzo to Jeffrey & Tonja Koons, 14430 Colonial Park Dr., Huntersville 5/6/19 $276,000 Nathaniel & Lauren Derby to Brittany Wakefield & Luke Parsons, 8614 Summer Serenade Dr., Huntersville 5/7/19 $320,000 HP North Carolina I to Savina Benel, 16017 Hollingbourne Rd., Huntersville
continued on page 16
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16 June 2019 continued from page 15 5/7/19 $209,000 Jerry & Crystal Creed to Brandon Washer, 20105 M Henderson Rd., Cornelius 5/7/19 $535,000 Mark & Sherry Suprock to Barbara Dillman, 18331 Glenealy Dr., Cornelius 5/7/19 $571,000 Barbara Dillman to Daniel & Jeanne Query, 206 Caldwell Ln., Davidson 5/7/19 $385,000 Evan & Tiffany Davis to SPH Two, 12531 Kane Alexander Dr., Huntersville 5/7/19 $274,000 Brookline Homes to Matthew Kulka, 13735 Old Vermillion Dr., Huntersville 5/7/19 $305,000 Dennis & Kathleen Bengtson to Ramona & Douglas Havas, 20140 Amy Lee Dr., Cornelius 5/7/19 $593,000 John & Ann Marie Stopko to David & Antonia Steiner, 17405 Sailors Watch Pl., Cornelius 5/7/19 $450,000 Richard & Terri Turner to Scott & Jennifer Thompson, 1295 Cadgwith Cove Dr., Huntersville 5/7/19 $347,000 Jorden Dowler to Joshua & Elizabeth Brown, 8918 Deerland Ct., Huntersville 5/8/19 $328,000 OfferPad to Johannes & Core Botha, 8006 Sandowne Ln., Huntersville 5/8/19 $285,000 Susanne & Herbert Loving Jr. to Jason & Arlicia Hackett, 13009 Heath Grove Dr., Huntersville 5/8/19 $250,000 Chrisopher & Shannon Peake to Joel Amick, 11127 Harbert Rd., Huntersville 5/8/19 $340,000 Kenneth & Kari Sent to Gabriel & Amanda Runfeldt, 16109 Wynfield Creek Pkwy., Huntersville 5/8/19 $373,500 Richard & Melanie Crawford to Kathryn Atkinson, 1214 South St., Cornelius 5/8/19 $655,000 Jay & Jessica Fording to Perry & Mary Schwartz, 19701 River Falls Dr., Davidson 5/9/19 $556,000 Beth Stolarick to SPH One, 515 Three Green Dr., Huntersville 5/9/19 $320,000 Rhea Hold Estate to Alexander & Kelly Schneider, 20809 Brinkley St., Cornelius 5/9/19 $370,000 Thomas Oliva & Mayra Villacis to Matthew & Lindsay Lampert, 3910 Standerwick Ln., Huntersville 5/9/19 $750,000 Hector & Mari Castellano to Gary & Angela Madey, 17122 Jetton Rd., Cornelius 5/9/19 $460,000 James & Heather Villano to Russell & Esther Wert, 19806 Wooden Tee Dr., Davidson 5/9/19 $253,000 Wilmington Savings Fund Society to Margaret Pemmaraju, 16115 Chiltern Ln., Huntersville 5/9/19 $350,000 David & Margaret Bailey to Charles Cangemi Jr., 1140 Torrence Cir., Davidson 5/9/19 $316,500 Clayton & Faith Bailey to Joel & Amanda Jorgensen, 13307 Fremington Rd., Huntersville 5/9/19 $639,000 South Creek Construction to David Upton, 13004 Riley Grace Ln., Cornelius 5/9/19 $296,000 Sieg Enterprises to Ajun &
O n T he Record Wei Fang, 553 Jetton St., Davidson 5/10/19 $455,000 Erin & John Morey to SPH One, 19711Coachmanâ€™s Trace, Cornelius 5/10/19 $260,500 Brian Cudney & Kathryn Andersen to Thomas & Shannon Barry, 12022 Snapping Turtle Ln., Huntersville 5/10/19 $261,000 Craig & Laura Sinbine to William & Wendy Copeland, 1937 Pocono Ln., Cornelius 5/10/19 $360,000 Lee & Mary-Louise Hooper to Thomas Watson Jr., 21416 Pinecrest Pl., Cornelius 5/10/19 $333,500 Roland & Elizabeth Carroll to Solange & Galo Uribe, 13301 Fremington Rd., Hunetrsville
More Mecklenburg Transactions online at www.BusinessTodayNC.com
Cabarrus County 04/18/19 $272,000 Richard & Maryam Reynolds to Randall & Tammy Ackerman, 1135 Forrest Ridge Rd., Concord 04/18/19 $328,000 Johnathan & Amy Kluttz to Jonathan & Kayla Dyer, 2581 Essex Dr., Concord 04/18/19 $260,000 Amy Weaks to Johana Mulford & Andrew Howard, 1950 Mallard Pointe Dr., Kannapolis 04/18/19 $600,000 Eric & Katherine Leonard to Gary & Cynthia Tubbs, 9356 Bridlepath Ln., Mount Pleasant 04/18/19 $261,000 Michael & Jennifer Blackmore to Peter & Halen Denley, 9829 Coatbridge Dr., Charlotte 28269 04/18/19 $349,000 Zoe Forward & Luke Dollar to Robert & Rebekah Ramsey, 811 Waverly Ct., Concord 04/18/19 $685,500 Laureldale, LLC to D.R. Horton Inc., Lots 476-482 of The Villages @ Skybrook N., Concorde 04/18/19 $350,000 Thomas Bradshaw to Cal & Anna Scheinert, 650 Bear Creek Church Rd., Mount Pleasant 04/18/19 $253,000 Philip Pleasant to IH6 Property North Carolina, Ptnrp., 10366 Wesson Hunt Rd., Huntersville 28078 04/18/19 $275,000 Meritage Homes of the Carolinas, Inc. to Boyce & Felicia Davis, 5157 McSweeney Ln., Kannapolis 04/18/19 $484 ,000 Taylor Morrison of Carolinas, Inc. to Giridaran Sundararajan & Lavany Piddthala, 9606 Herringbone Ln., Concord 04/18/19 $325,500 Auto-Owners Insurance Co. to Darla Carie, 1257 Tranquility Point Ave., Concord 04/18/19 $275,000 NVR, Inc. to Ram & Jyoti Vanjani, 1544 Scarbrough Cr., Concord 04/18/19 $2,390,500 Depot Self Storage, LLC to Prime Storage Concord, LLC, 2450 Derita Rd., Concord 04/18/19 $300,000 Taylor Morrison of Carolinas, Inc. to Jessica Lambert,474 Hunton Forrest Dr., Concord 04/22/19 $775,500 Alan & Josie Overcash to Thomas & Kori Smith, 6033 Willowood Rd., Kannapolis 04/22/19 $440,000 Denver & Caylan Callahan to Julian & Stephanie Thomas, 1140
Asheford Green Ave., Concord 04/22/19 $300,000 William & Nanda Rogers to Bernice Colony, 2655 Danbury Cr., Concord 04/22/19 $256,000 Benjamin & Holly Helms to Richard & Susanne Little, 1090 Arrowhead Dr., Concord 04/22/19 $270,000 Scott MacIntosh to Benjamin & Holly Helms, 13040 Old Camden Rd., Midland 04/22/19 $263,500 Jerry & Barbara Ledford to Wieng Eban, 6006 Monticello Dr., Concord 04/23/19 $260,000 Mustafa & Tugba Yurteri to KLL & Associates, LLC, 4358 Whitetail Ln., Midland 04/23/19 $310,000 D.R. Horton, Inc. to Delonte Little & Courtney Gaynor, 2354 Red Birch Way, Concord 04/23/19 $326,000 D.R. Horton, Inc. to Lance & Chancy Martin, 2322 Red Birch Way, Concord 04/23/19 $348,000 Roger & Carol Long to David Cline, 5414 Somerset Ln., Harrisburg 04/24/19 $267,500 Kyong Schimpf to Opendoor Property N LLC, 1420 Whitman Dr., Concord 04/24/19 $566,000 Essex Homes Southeast, Inc. to Michael & Pamela Bennett, 10881 Greenvale Dr., Harrisburg 04/24/19 $335,000 D.R. Horton, Inc. to Devin & Debbie Mitchell, 1486 Coffeetree Dr., Concord 04/24/19 $365,000 Bruce & Martha McConnell to Eric & Reecca Hinshaw, 3617 Charolais Ln., Harrisburg 04/25/19 $302,000 Meritage Homes of the Carolinas, Inc. to Randy Roberson, 5163 McSweeney Ln., Kannapolis 04/25/19 $296,000 Century Communities Southeast, LLC to James & Stacy Griffin, 389 Winding Oaks Ln., Concord 04/25/19 $400,000 Service Distributing Co., Inc. to Speedway LLC, property at intersection of Hwy. 601 & Hwy. 24-27, Midland 04/25/19 $327,000 Meritage Homes of the Carolinas, Inc. to Jaames Slawter & Karen Bursch, 5120 McSweeney Ln., Kannapolis 04/25/19 $375,000 D.R. Horton, Inc. to Amitkumar & Jemini Malaviya, 1469 Coffeetree Dr., Concord 04/25/19 $280,000 D.R. Horton, Inc. to Edward Hauser, 2386 Sugar Ct., Concord 04/25/19 $364,500 Niblock Homes, LLC to Timothy & Faye Armstrong, 2398 Baxter Pl., Concord 04/25/19 $325,000 Niblock Homes, LLC to Robert & Karen Williams, 1323 Stonecroft Ln., Concord 04/25/19 $354,500 NVR, Inc. to Timothy & Dwan Hart, 5084 Crabapple Ln., Charlotte 28215 04/25/19 $284,500 Eastwood Construction LLC to Kyle & Trina Hilton, 4352 Falls Lake Dr., Concord 04/25/19 $300,000 Thomas & Iris Friends to Chacko & Arianna Koshy, 4626 Dunberry Pl., Concord 04/26/19 $366,000 NVR, Inc. to Kevin & Alyssa Perry, 7410 Bosson St., Concord 04/26/19 $279,000 Jeremy & Ashton Aimi to Carlos & Tikelkia Stennis, 11098 Hat Creek
Business Today Ln., Davidson 28036 04/26/19 $297,500 Elsie Mims to Howard & Judy Cox, 3588 Cedarfield Ct., Concord 04/26/19 $3,100,000 Evangel Worship Center, Inc. to Cabarrus County, 484 Cabarrus Ave., Concord 04/26/19 $472,500 NVR, Inc. to Carlos & Mia Oquendo, 10905 Greenvale Dr., Harrisburg 04/26/19 $367,000 Taylor Morrison of Carolinas, Inc. to Gurpreet Kakar & Amrita Sachdeva, 990 Parkland Pl., Concord 04/26/19 $453,000 M/I Homes of Charlotte, LLC to Ho Huynh & Thuy Lam, 9183 Hydrangea Dr., Harrisburg 04/26/19 $372,000 D.R. Horton, Inc. to Vishal & Ketki Aggarwal, 1494 Coffeetree Dr., Concord 04/26/19 $416,000 M/I Homes of Charlotte, LLC to Suresh & Lavanya Pinnoju, 974 Anatrella Ln., Concord 04/26/19 $368,500 Taylor Morrison of Carolinas, Inc. to Yayati & Sohini Patel, 967 Bellegray Ln., Concord 06/26/19 $355,000 Shawn & Wilanda Knapik to David Ostroff, 539 Brightleasf Pl., Concord 04/26/29 $345,000 Brian & Christy Fowler to Melissa McKeny & Elizabeth Doran, 3273 Lock Erne Ave., Kannapolis 04/26/19 $2,225,000 John, Ann, William & Jackie Boger to Carolina Development Services, LLC, approx. 273 ac. on Hwy. 601 near Flowe Store Rd., Concord 04/26/19 $369,000 NVR, Inc. to Jeffrey & Aya Love, 7445 Boulaide St., Concord 04/26/19 $270,000 NVR, Inc. to Loreto & Maria Sumallo, 10059 Lilac Ct., Charlotte 28215 04/26/19 $1,100,000 Ronas Hess & Patti Bost to Whipâ€™d Properties, LLC, property at Cold Springs Rd., & Hwy. 49, Concord 04/26/19 $310,000 William Jamison & Janet Cheek to William & Jennifer Rinker, 3477 Brighton Ct., Concord 04/26/19 $290,000 Jeremy & Emily Zalacca to Hunter & Mary Ann Priester, 507 Roxanne Ct., Concord 04/26/19 $268,000 Meritage Homes of the Carolinas, Inc. to Richard & Leslie McMillan, 3624 County Down Ave., Kannapolis 04/26/19 $288,500 Opendoor Property N LLC to Maximino Roderiguez, 638 Nikolas Pl., Concord 04/29/19 $289,000 D.R. Horton, Inc. to John & Michelle Beatty, 2370 Sugar Ct., Concord 04/29/19 $330,000 Taylor Morrison of Carolinas, Inc. to Joseph & Emilia Beckmann, 4362 Hunton Dale Rd., Concord 04/29/19 $315,000 Clifford Brown to William & Nanda Rogers, 3685 Bermuda Ct., Concord 04/29/19 $540,000 Michael & Christina Yoder to Eleanor Steel & Philip Curley, 24 Franklin Ave., Concord 04/29/19 $453,000 M/I Homes of Charlotte, LLC to Mohammed Irfan & Nabela Mogul, 968 Bellegray Ln., Concord 04/29/19 $335,000 D.R. Horton, Inc. to Sheronna Roundtree & Jawar Rucker, 2362 Red Birch Way, Concord 04/29/19 $800,000 Santosh & Jyoti Rao to Harvey & Antoinette McCorvey, 2501 Susie Brumley Pl., Concord 04/29/19 $405,000 Taylor Morrison of Caroli-
Business Today nas, Inc. to Osman Haji & Fusiyo Aynab, 10453 Black Locust Ln., Charlotte 28215 04/29/19 $1,100,000 Dirk & Katherine Baker to Alex Bowman, 8720 Arbor Commons Ln., Concord 04/29/19 $287,500 Michael & Tamara Mallon to Brian Hedgepeth & Danielle Dickey, 11008 Flyreel Pl., Davidson 28036 04/29/19 $332,500 Niblock Homes, LLC to Daryl & Linda Gaunt, 3823 Zemosa Ln., Concord 04/29/19 $348,000 Roberta Woods LLC to Timothy & Stacy Woodward, 3132 Fairmead Dr., Concord 04/29/19 $440,000 Glenn & Yvonne Bopp to Daniel & Myra Parks, 4280 Gail Ln., Concord 04/29/19 $320,000 NVR, Inc. to Jason & Erin Allen, 10044 Paper Birch Dr., Charlotte 28215 04/29/19 $355, 000 Christopher Herman to Kevin & Donna Meland, 109 Cabarrus Ave., W. Concord 04/29/19 $375,000 Century Communities Southeast, LLC to Dewayne & Marketia Ansley, 11493 Cedarvale Farm Pkwy., Midland 04/29/19 $330,000 Kevin & Kenya Haarmann to Yosyp & Olena Yemtchuk, 3830 Burnage Hall Rd., Harrisburg 04/29/19 $301,500 Century Communities Southeast, LLC to Mark Orletsky & Alexa Hawley, 397 Winding Oaks Ln., Concord 04/29/19 $405,000 Daniel & Melissa Alvarez to Charles & Christine Lowe, 10304 Islay Ct., Huntersville 28078 04/30/19 $382,000 Craig & Gwendolyn Nelson to John Baclawski, 10529 Springcrest Dr., Harrisburg 04/30/19 $430,000 Greg & Brandy Stamper to Mark & Lynne Salvaggio, 4561 Waldens Pond Trwy., Concord 04/30/19 $502,500 Taylor Morrison of Carolinas, Inc. to Ryan & Reeti Douglas, 12404 Green Ash Ln., Charlotte 28215 04/30/19 $439,000 Taylor Morrison of Carolinas, Inc. to Jeffrey & Tracey Phillips, 10441 Paper Birch Dr., Charlotte 28215 04/30/19 $386,000 Michael & Lisa Bonner to Ernest & Frances Caldwell, 5961 Rathlin Ct., Concord 04/30/19 $454,000 Mattamy Carolina Corp. to David & Trisha Bellar, 2818 Berkhamstead Cr., Concord 04/30/19 $463,000 M/I Homes of Charlotte, LLC to Ambrish Vel & Subhashini Devarajan, 9650 Herringbone Ln., Concord 04/30/19 $330,000 James & Angel Currie to Fredrick & Naa Adjetey, 1514 Napa St., Concord 04/30/19 $434,000 D.R. Horton, Inc. to Koteswara Nelapati & Siva Chirumamilla, 1457 Coffeetree Dr., Concord 04/30/19 $241,000 John Wouters to Leslie Stamey & Mary Borkowski, 1192 Manor Oaks Pl., Concord 04/30/19 $390,000 2018-4 IH Borrower L.P., Ptnrp. to Jarrod & Whitney Boer, 10052 Legolas Ln., Charlotte 28269 04/30/19 $402,000 M/I Homes of Charlotte, LLC to Jerry & Yvonne Anderson, 2269 Sweet Pea Ln., Harrisburg
More C abarrus Transactions online at www.BusinessTodayNC.com
O n T he Record
Iredell County 4/22/19 $384,000 Jodie Littrup to Andrew & Tara Yost, 135 Butler Dr. 28115 4/22/19 $441,000 BMCH North Carolina to David & Susan Balke, 119 Sweet Grass Ln. 28115 4/22/19 $280,000 Barbara Patterson to Cinzia Macchioni, 107 Currituck Ct. 28117 4/22/19 $319,000 D.R. Horton to Vaughn & Marcia Petford, 130 Chase Water Dr. 28117 4/22/19 $328,000 D.R. Horton to Brain Kennedy & Shirley Carter, 123 Longleaf Dr. 28117 4/22/19 $262,500 Lennar Carolinas to Robert H. Keasey, 107 Sequoia St. 28117 4/22/19 $1,225,000 Ricky & Nancy Post to Michael & Amy Duchaine, 172 Atlantic Way 28117 4/22/19 $516,000 Nest Homes to Steven & Constance Poitinger, 108 Slucomb Ln. 28117 4/22/19 $345,000 Gregory T. Choate to John & Regina Stefic, 132 Kingfisher Dr. 28117 4/22/19 $279,000 Rachelle & James Gano to John & Erin Hieb, 213 Paradise Hills Cir. 28115 4/22/19 $350,000 Opendoor Property W25 LLC to James & Margaret Carbone, 149 Woodstream Cir. 28117 4/23/19 $269,000 CalAtlantic Group to Paola Vergara, 120 Empyrean Loop 28115 4/23/19 $274,000 Lennar Carolinas to Colin & Kaela Cappelano, 114 Champion Ct. 28117 4/23/19 $443,000 Bryan & Kelley McKenzie to Melanie Batcheller, 183 Corona Cir. 28117 4/23/19 $420,000 Jacqulinn Grigg to Christopher & Michelle McLoughlin, 134 Sumter Dr. 28117 4/23/19 $267,500 Angel & George Lanier to Open Homes Phoenix 2, 108 Dellbrook St. Unit D 28117 4/23/19 $260,000 Luke & Michelle Woroniecki to Nicholas Baggett, 156 Ketchie Dr. 28115 4/23/19 $525,000 Jolene Broome to Lindsey & Kathryn Panek, 391 Agnew Rd. 28117 4/23/19 $1,250,000 Martin & Amy Reiss to Anthony & Judy Innella, 678 Normandy Rd. 28117 4/23/19 $308,000 Luis & Rosaida Maldonado to Michael J. Laing, 122 Welcombe St. 28115 4/23/19 $260,000 D.R. Horton to Thomas J. Spurrier, 113 Longleaf Dr. 28117 4/24/19 $330,000 Anna Porter to Jaime & Nicholas Churchill, 133 Cloister Ln. 28117 4/24/19 $605,000 David & Susan Wind to Kevin & Janet Brennan, 130 West Cold Hollow Farms Dr. 28117 4/24/19 $295,000 Lennar Carolinas to Michael Sterling Farnsworth, 139 Eden Ave. 28115 4/24/19 $253,000 D.R. Horton to Billy & Angela Arango, 107 Longleaf Dr. 28117 4/24/19 $300,000 D.R. Horton to Garrett & Christine Hallstrom, 110 Honey Ct. 28117 4/24/19 $270,000 D.R. Horton to Thomas &
Teresa White, 183 King Willaim Dr. 28115 4/24/19 $370,000 D.R. Horton to Brayn & Kelly McKenzie, 106 Atwater Landing Dr. 28117 4/24/19 $418,000 Steven & Staci Phelps to Daniel & Felicia Leckrone, 109 Hickory Hills Rd. 28117 4/25/19 $277,000 D.R. Horton to Anthony & Sara Defina, 109 Honey Ct. 28117 4/25/19 $270,000 D.R. Horton to Julia Ospina, 152 Atwater Landing Dr. 28117 4/25/19 $270,000 D.R. Horton to Amanda K. Turner, 104 Longleaf Dr. 28117 4/25/19 $319,000 Eastwood Construction to Michael & Lori Armstrong, 126 Toxaway St. 28115 4/25/19 $397,000 Stephen P. West to Jeremy & Raegan Martin, 175 Savannah Crossing Dr. 28115 4/25/19 $322,000 James & Pamela McCraw to Timothy W. Pence, 245 Ponderosa Cir. 28117 4/26/19 $310,000 Meeting Street Towns II to Richard & Emily Hussey, 104A Certificate St. 28117 4/26/19 $343,000 D.R. Horton to Richard & Donna Azzopardi, 148 Coddle Way 28115 4/26/19 $695,000 Lynn B. Cave to Timothy & Karen Ford, 297 Tennessee Cir. 28117 4/26/19 $392,500 Epcon Blume Brawley to Stuart L. Schwerin, 113 Wellspring Way 28117 4/26/19 $291,500 Meeting Street Towns II to Solarms Properties, 104C Certificate St.
28117 4/26/19 $425,000 River Top Development to Eugene Merchant, 176 Hazelton Loop 28117 4/26/19 $345,000 Philip J. Ashwin to Charles Perrillo & Bonnie Roefs, 167 Rainberry Dr. 28117 4/26/19 $370,000 Nicholas & Kelly Dye to Brian & Courtney Baker, 117 Heron Cover Loop 28117 4/26/19 $532,000 Mary V. Crawford to Nicholas & Kelly Dye, 353 Bayberry Creek Cir. 28117 4/26/19 $266,000 Lennar Carolinas to Francisco & Nancy Colon, 124 Eden Ave. 28115 4/26/19 $250,000 Gerald & Kathleen Perreault to Jordan & Alison Duncan, 776 Pinewood Cir. 28115 4/26/19 $272,000 Lennar Carolinas to Daniel & Talia Feyka, 112 Mackinac Dr. 28117 4/26/19 $300,000 Cole & Angelica Bargman to James Flick & Jessica Radford, 120 Edenton Ln. 28117 4/26/19 $298,000 Matthew & Candace Stutts to Clement & Katherine Pless, 148 Hedgewood Dr. 28115 4/26/19 $289,000 John & Luanne Gatlin to Thor & Dijana Christian, Lot 2 Lynn Cove Ln. 4/26/19 $262,000 Lennar Carolinas to Bruno & Megan Mourao, 106 Champion Ct. 28117 4/29/19 $270,000 Lennar Carolinas to Ashish Mathews, 202 Wrangell Dr. 28117
continued on page 18
18 June 2019
On The R ecord
continued from page 17 4/29/19 $415,000 William Meador to Mark & Christina Huntington, 107 Chandeleur Dr. 28117 4/29/19 $290,000 Robert & Francesca Aryeetey to Emmanuel & Jayne Deku, 120 Swamp Rose Dr. 28117 4/29/19 $292,000 D.R. Horton to Jenny S. Carleo, 113 Chance Rd. 28115 4/29/19 $263,500 D.R. Horton to Nanak & Suchita Sawlani, 172 King William Dr. 28115
More Iredell Transactions online at www.BusinessTodayNC.com
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 05/02/19 Ross & Jaclyn Garing, 3329 Linetender Dr., Davidson 28036, Aquesta Bank, $424,000
More Mecklenburg Foreclosures online at www.BusinessTodayNC.com
Cabarrus County 04/23/19 Jeffery & Cathy Bauer, 2205 Applegate Dr., Concord, Lakeview Loan Servicing, $131,773 04/23/19 William & Sharon Steele, 390 Schad Ct., Concord, Nationstar Mortgage LLC, $132,815 04/25/19 LeCharles & Teresa Oldham, 242 Davidson Hwy., Concord, Nationstar Mortgage LLC, $62,840 04/26/19 Quintton & Carol Roberson, 364 Winecoff Woods Dr., Concord, Navy Federal Credit Union, $274,725 04/29/19 Nicholas & Brittney Boles, 1004 Fisher St., Concord, CitiMortgage, Inc., $82,000 04/30/19 Jean Daley, 604 Diamond Pl., Harrisburg, Bank of America, $196,638 05/01/19 Robert Williams, 1717 Valwood St., Kannapolis, American Advisors Group, $142,5000 05/02/19 Kurt Bramer & Melissa Breedlove, 1117 Meadowbrook Ln., Concord, SunTrust Bank, $124,643 05/06/19 Jimmy & Cody Morgan, 3720 Vanderburg Dr., Concord, Wells Fargo Bank, $56,994 05/08/19 Thomas & Constance Jennings,
226 Laverne Dr., Concord, Wells Fargo Bank, $32,900 05/09/19 Paul & Brenda Wilcox, 800 Willlow Ln., Harrisburg, Wilmington Savings Fund Society, $120,721
More Cabarrus Foreclosures online at www.BusinessTodayNC.com
Iredell County 05/07/19 Christopher & Amanda Duplisea, 2359 Ellerbe Dr., Kannapolis, MidFirst Bank, $105,839 05/15/19 Todd Childers, David & Amy Miller and Tina Hanson, 805 Ruth Ave., Kannapolis, New Residential Mortgage LLC, $57,300
More Iredell Foreclosures online at www.BusinessTodayNC.com
NEWCORPORATIONS These businesses have registered with the N.C. Secretary of State.
Mecklenburg County 4/22/19 JUAVICZA Inc., Guilermo Meza Ceballos, 20922 Windshore Ave., Cornelius 4/23/19 Blue Lily Cleaning Group LLC, Law Office of Anderson & Hart, 19109 W. Catawba Ave. Ste. 200, Cornelius 4/23/19 Prospect Hill Ventures LLC, Scott Keefer, 19701 Bethel Church Rd. Ste. 103-137, Cornelius 4/23/19 Ultimate Warrior Fitness LLC, Nadia Liriano, 400 Gilead Rd. #963, Huntersville 4/24/19 65 Falcon Entertainment LLC, Clinton Robins, 19015 Serenity Point Ln., Cornelius 4/24/19 FKM Holdings LLC, Eric Davis, 21624 Scottcrest Cir., Cornelius 4/24/19 Jianli Ground Lease Partners LLC, Andre Devin Thomas, 8206 J Dunmore Dr., Huntersville 4/25/19 Snap Construction LLC, Mark Naperkowski, 8013 Baylis Dr., Huntersville 4/25/19 Workplace Integrators Inc., Paul St. Germain, 10814 Vanguard Pkwy., Huntersville 4/26/19 AIM Marketing LLC, Maria McClory, 15642 Seafield Ln., Huntersville 4/26/19 Carthage Colonies Townhome Owners Association Inc., John Holloway, 16501-D Northcross Dr., Huntersville 4/26/19 Crawford Townes Homeowners Association Inc., John Holloway, 16501-D Northcross Dr., Huntersville 4/26/19 Redd Run Courier Inc., Terrence Carothers, 13420 Sam Furr Rd., Huntersville 4/26/19 Revive Iglesia Cristiana, Carlos Tellez, 21007 Catawba Ave., Cornelius 4/29/19 Assurance LLC, Shaun Cunningham, 11658 Red Falcon Ct., Huntersville 4/29/19 Azalea LKN Holdings LLC, Todd. C. Senff, 19453 W. Catawba Ave. Ste. D, Cornelius
Business Today 4/29/19 iWitness Mobile Notary LLC, Christopher Brennan Davis, 14625 Reese Blvd. W Ste. 108, Huntersville 4/29/19 Londry & Modlin V DDS PLLC, David Modin, 19810 W. Catawba Ave. #A1, Cornelius 4/29/19 Loyola Community LLC, United States Corporation Agents, 14115 Promenade Dr., Huntersville 4/29/19 MeadowView Tree Service LLC, Christopher Michael Brown, 21308 Nautique Blvd. Unit 304, Cornelius 4/29/19 Organically Radiant LLC, Niya North, 6925 Tanners Creek Dr., Huntersville 4/30/19 CBS Properties LLC, Rebecca W. Stillwell, 19422 Coachmans Trace, Cornelius 4/30/19 Gardner Property LLC, Patricia G. Lytle, 18001 2 H Delmas Dr., Cornelius 4/30/19 RippleLife Workshops Inc., Kara Angell, 525 Delburg St., Davidson 4/30/19 Yes Restaurant Group LLC, Kristaq Sopigoti, 10310 Wilmington St., Huntersville 5/1/19 BBC Cambridge LLC, Patti-Lee D’Ausilio, 21000 Torrence Chapel Rd. Ste. 100, Cornelius 5/1/19 BBC Exit 42 LLC, Patti-Lee D’Ausilio, 21000 Torrence Chapel Rd. Ste. 100, Cornelius 5/1/19 BBC Marketplace LLC, Patti-Lee D’Ausilio, 21000 Torrence Chapel Rd. Ste. 100, Cornelius 5/1/19 BBC Possum Trot LLC, Patti-Lee D’Ausilio, 21000 Torrence Chapel Rd. Ste. 100, Cornelius 5/1/19 Jetton Cove Properties LLC, Ben Garrido, 15825 Jetton Rd., Cornelius 5/2/19 Koselig Ltd., Erik Bjorklund, 7212 Garden Hill Dr., Huntersville 5/2/19 QC Unlimited LLC, James D. Johnson Jr., 20727 Waters Edge Ct., Cornelius 5/3/19 Be Mindful Counseling PLLC, Lisa Donnellan, 18117 W. Catawba Ave., Cornelius 5/3/19 Purple Partners Group LLC, Jamila Walker Shelton, 400 Gilead Rd. #1884, Huntersville 5/3/19 RBX Greensboro LLC, Jeffrey R. Dudan, 107 Parr Dr., Huntersville 5/3/19 Silver Shine Cleaning LLC, Vickie Adams, 21308 Nautique Blvd. 303, Cornelius 5/3/19 SKC1 LLC, Kristopher Allen Barney, 18802 Peninsula Club Dr., Cornelius 5/6/19 Cheetah Flyers LLC, Philip M. Osterhus, 17001 Carlton Way Rd., Huntersville 5/6/19 Cusiana LLC, Mylena Kaseman, 18213 Harbor Mist Rd., Cornelius 5/6/19 Dream Builders Logistics LLC, Kenston Griffin, 17015 Kenton Dr. Ste. 200, Cornelius 5/6/19 Edge 15 Properties LLC, Gregory S. David, 18625 The Commons Blvd., Cornelius 5/6/19 Fancy Nails TV LLC, Tuyet Van T Pham, 14136 Shaw Dr., Huntersville 5/6/19 Interpret Consulting, Joseph Miller, 19009 Hampton Woods Ct., Cornelius 5/6/19 Northlake Motorworks LLC, Kevin T. Mahoney, 10409 Friarsgate Rd., Huntersville 5/6/19 Rutse LLC, Law Office of Anderson & Hart, 19109 W. Catawba Ave. Ste. 200, Cornelius 5/7/19 Carolina Core Solutions LLC, James
Business Today W. Surane, 20460 Chartwell Center Dr. #3, Cornelius 5/7/19 Charlotte HealthShare LLC, United States Corporation Agents, 16930 W. Catawba Ave. Ste. 103, Cornelius 5/7/19 Legacy Golf Inc., Edmund R. Selby, 13016 Eastfield Rd. Ste. 200-217, Huntersville 5/7/19 Moore in Store LLC, Scott Moore, 11712 Warfield Ave., Huntersville 5/7/19 Southern Alliance II LLC, Gabriel Barnhardt, 18124 Nantz Rd., Cornelius 5/7/19 Wealth Plus LLC, Sharon O’Connor, 11929 Cupworth Ct., Huntersville 5/8/19 Abode. Made. LLC, Cara Wilson, 12313 Willingdon Rd., Huntersville 5/8/19 CAAcure LLC, United States Corporation Agents, 21606 Rio Oro Dr., Cornelius 5/8/19 Chetaspeed LLC, Jesse C. Jones, 209 Delburg St. Ste. 203, Davidson 5/8/19 GBA Liverpool Holdings LLC, Michael Griffin, 19109 W. Catawba Ave. Ste. 110, Cornelius 5/8/19 Grade 13 Financial Solutions LLC, Angela Payne, 18706 Coachmans Trace, Cornelius 5/8/19 Northline Storage LLC, Rodney Kiser, 20417 Staghorn Ct., Cornelius 5/8/19 Oakhurst 1 LLC, Rodney Kiser, 20417 Staghorn Ct., Cornelius 5/8/19 Oakhurst 2 LLC, Rodney Kiser, 20417 Staghorn Ct., Cornelius 5/8/19 Trolley Crossing LLC, Rodney Kiser, 20417 Staghorn Ct., Cornelius 5/8/19 Truitt Court LLC, Rodney Kiser, 20417 Staghorn Ct., Cornelius 5/8/19 Vidatree LLC, Hannah Kim, 9815 K Sam Furr Rd., Huntersville 5/8/19 Washam Potts LLC, Rodney Kiser, 20417 Staghorn Ct., Cornelius 5/8/19 Westmoreland 3-A LLC, Rodney Kiser, 20417 Staghorn Ct., Cornelius 5/9/19 2nd Inversion LLC, Charlene Kluvers, 21932 Torrence Chapel Rd., Cornelius 5/9/19 Bardo Restaurant Group LLC, Jayson Whiteside, 11953 Field St., Cornelius
More Mecklenburg New Corporations online at www.BusinessTodayNC.com
Cabarrus County 4/22/19 JCF Homes LLC, Johanna Rivera, 6012 Bayfield Pkwy. #176, Concord 4/23/19 Jessies Salon LLC, Yesenia Guillen, 224 W. Cabarrus Ave., Concord 4/23/19 Makenzie Lauren Photography LLC, Makenzie Todd, 225 Lower Cape Dr. SW Apt. 308, Concord 4/23/19 Mathis Speedway Memories LLC, April Mathis Thomas, 4721 Morehead Rd., Concord 4/23/19 Mellowmondays LLC, Aaron Swart, 307 Creek Trl. SE, Concord 4/23/19 Piedmont Progress LLC, Lee Donovan Heinz, 1 Buffalo Ave. NW Apt. #41, Concord 4/23/19 Queen City Gaming LLC, Tyler Biegerl, 77 Tarrymore Ln., Concord
ON THE RECORD 4/23/19 Select Hauling Service Inc., Jonathan S. McCoy, 4930 Wakefield Dr., Concord 4/23/19 Sunny Sands Holdings LLC, Dhinakar Manni, 10680 Skipping Rock Ln. NW, Concord 4/24/19 Carolina Groom Room LLC, Judith Ries, 246 Franklin Ave., Concord 4/24/19 Carolina Living Associates LLC, Sarah Zdeb, 1481 Astoria Ln. NW, Concord 4/24/19 Sunny Homes Realty LLC, Zhaohua Qiu, 4621 Triumph Dr. SW, Concord 4/24/19 United Faith Inc., Willie Marble, 240 Malvern Dr. SW, Concord 4/25/19 Gomez’s Gardening Service LLC, Hugo Gomez, 67 Brookwood Ave. NW, Concord 4/25/19 JD’s Pressure Washing & Etc. LLC, Jeremy Dale Cloonan II, 5557 Lemley Rd. NW, Concord 4/25/19 Pushan LLC, Ravinder Yenishetti, 9572 Golden Desert Ct. NW, Concord 4/25/19 Tiny Toes Holdings LLC, Stephanie Cooper Roberts, 5620 Concord Pkwy. S Ste. 103, Concord 4/25/19 True Compliance Solutions LLC, Wendy A. Herzer, 3611 Pinetree Ave. SW, Concord
More Cabarrus New Corporations online at www.BusinessTodayNC.com
Iredell County 4/22/19 Adjess Associates 19 LLC, Diane Oliveira, 120 Barrister Bay Ln. 28117 4/24/19 ALLPUR Nutrition Inc., George H. Clark, 106 Langtree Village Dr. 28117 4/24/19 Live Fast Investments LLC, Jessica Smith, 121 Goodwin Cir. 28115 4/24/19 Murphy Solar LLC, Kenny Habul, 192 Raceway Dr. 28117 4/24/19 Posh Maternity LLC, Lynn Lowery, 150 Saye Pl. 28115 4/24/19 Redfear Carriers LLC, Tracy Bernard Redfear, 109 Zolder Ln. 28117 4/24/19 Risk Compliant Solutions LLC, Richard B. Egloff, 124 Elk Shoal Ln. 28117 4/24/19 Settlement Direct LLC, Joseph R. Glowacki, 321 Barber Loop 28117 4/29/19 Accu-Rite Properties II LLC, Michael S. Lane, 1249 A River Hwy. 28117 4/29/19 Biotenics LLC, Andrew Ward, 119 Richland Ln. 28115 4/29/19 Image Natural Body Contouring LLC, Nikyah N. Moore, 216 W. Statesville Ave. 28115 4/29/19 Maynard Brothers LLC, Christopher Daniel Maynard, 130 Huntfield Way 28117 4/29/19 Palatium Builders LLC, Robert Abbott, 2 Mariner Pointe Ln. 28117 4/30/19 2841 W. Hwy. 74 Inc., Tommy W. Chan, 168 Glynwater Dr. 28117 4/30/19 LUN Ahoskie LLC, Linda Nwadike, 192 Raceway Dr. 28117 4/30/19 Travel Adventures LLC, Amy Black, 208 Overhill Dr. 28117 5/1/19 406 W. 32nd LLC, Richard Moyer, 132 Jade Ct. 28117
5/1/19 Healthy Vending Group LLC, Jill Glover, 359 Bayberry Creek Cir. 28117 5/1/19 Verdabet LLC, David Jaroszewski, 147 Knoxview Ln. 28117 5/2/19 Hauge Enterprises LLC, Michael McConville, 127 Blue Ridge Trl. 28117 5/2/19 Olarte Contract Services LLC, Miguel Angel Olarte, 102 Emperors Trl. 28115 5/2/19 SA2019 Enterprises Inc., Shazia Azher, 187 Autry Ave. 28117 5/2/19 T Mans Foundation, Crystal G. Hobbs, 164 Shagbark Ln. 28115 5/2/19 Tools by MIKAL Inc., Michael J. Mink, 110 Flora Vista Dr. 28117 5/3/19 Amanda Parmley Counseling PLLC, Amanda Parmley, 125 Overhill Dr. Ste. 105 28117 5/3/19 Bao’d It LLC, Thomas Nobutaka Maynard-Ioki, 506 Bluefield Rd. 28117 5/3/19 CSNV Enterprises LLC, Veronica Douglas, 111 St. Sophia Ct. 28117 5/3/19 JK3 Distributing Inc., John Ford, 183 Elba Dr. 28115 5/6/19 FPS Critic LLC, William Freeman, 120 Langtree Village Dr. 28117 5/6/19 Gullett Roth 401k LLC, Rhonda M. Gullett, 144 Chandeleur Dr. 28117 5/6/19 Inner Renovations Counseling PLLC, Chanel C. Bowen, 135 Locomotive Ln. Unit 109 28115 5/6/19 Life Saver Pool Fence of Charlotte LLC, Robert MacCormick, 109 Milan Ct. 28115 5/6/19 Sheets Laundry Club Inc., Laura Weber, 168F Norman Station Blvd. 28117
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
41 Odell School, Concord
More Iredell New Corporations online at www.BusinessTodayNC.com
Denver/Catawba 4/23/19 Danny’s Fishing Service Inc., Jasper Accounting Group Inc, 3535 N. Hwy 16, Denver 4/23/19 Meraki Salon and Spa Inc., Sara Thompson, 3535 N. Hwy. 16, Denver 4/24/19 Vibrant Life Academy, Lisa Enman, 4376 Quiet Cove Ct., Davidson 4/25/19 Mary Ellen Luchetti MD PLLC, Mary Ellen Luchetti, 5591 Elk Knob Ct., Denver 4/26/19 Carolina Mobile Detailing & Pressure Washing Inc., Sara Thompson, 3535 N. Hwy 16, Denver 4/26/19 HIDR LLC, Kassy Black, 4810 Stratford Ln., Denver 5/2/19 Creative Panels Inc., Jasper Accounting Group Inc., 3535 N. Hwy. 16, Denver 5/3/19 Graceland Salon Inc., Jasper Accounting Group Inc., 3535 N. Hwy. 16, Denver 5/7/19 Delta Resources Inc., Jack Rosen, 218 Stone Mountain Way, Denver 5/7/19 R3 International Inc., Jasper Accounting Groups Inc., 3535 N. Hwy. 16, Denver
More Denver New Corporations online at www.BusinessTodayNC.com
3,900 SF, 1st floor, Office/Warehouse space, Air Conditioning, Central Heating, Private Restrooms.
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.
email: firstname.lastname@example.org www.thetovargroup.com
20 June 2019
HOT PROPERTIES Housing here is just fine, Works For Me! despite slipping elsewhere “Business Today and Moretz Law Group have grown up together. Since becoming one of the first advertisers in 2003, Business Today has been essential to keeping our lawyers informed and helping us spread the word about the work we do for businesses throughout the North Charlotte, Iredell and Cabarrus areas. We recommend BT strongly to anyone who is a part of the Golden Crescent business community.”
While the the S&P Dow Jones Indices show declines for five cities— Chicago, Seattle, San Francisco, Los Angeles and San Diego—home price appreciation is doing just fine in Charlotte and the surrounding suburbs. It’s surprising housing isn’t still off
the charts: Mortgage rates are at 4 percent, unemployment is close to a 50year low. Other markets might have become super-heated, but not us. Post-recession appreciation rates are falling to historical norms, said Pat Riley, CEO
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HOT PROPERTIES of Allen Tate. But builders are still building only half as much as what they used to. There are mixed market signals for sure—Riley said renters are taking longer and longer to get out of their leases—invento- Riley ries are still low, but growing. “List price/sale price gaps are growing,” Riley says, suggesting the superpremiums around pricing is over and done. Inventories are growing. Meanwhile, Baby Boomers are squatting, he said. With prices here up 2.1 percent, Charlotte home price appreciation was in the middle of the pack among the top 20 US markets from March of 2018 to March this year. In Las Vegas they rose an unsustainable 6.3 percent.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S census divisions, reported a 3.7 percent annual gain in March, down from 3.9 percent in February. The pace of home price gains continues to slow, with year-over-year price gains in most cities shrinking. David M. Blitzer, the chairman of the Index Committee at S&P Dow Jones, said double-digit annual gains have vanished. One year ago, Seattle had a stunning 13 percent year over year gain. Karen Krotki, the new managing broker at Premier Sotheby’s in Cornelius, did her research before moving here from New Tampa, Fla. to run this office. New Tampa is a rising growth market—much the same as Lake Norman and Cabarrus. “I wanted to make sure I would be experiencing the same here,” she said.
Case-Shiller Home Price Index ON T HE R ECORD
Real price change last 12 months (Mar18/Mar19) Las Vegas 6.3% Phoenix 4.1% Tampa 3.4% Atlanta 2.8% Miami 2.4% Denver 2.4% Charlotte 2.1% Boston 1.9% Minneapolis 1.8% Cleveland 1.6% Detroit 1.4% Dallas 1.1% Washington D.C. 0.9% Portland 0.7% New York 0.4% Chicago -0.1% Seattle -0.2% San Francisco -0.5% Los Angeles -0.5% San Diego -0.6% USA 1.8% Sources: S&P CoreLogic Case-Shiller Home Price Index
Net in-migration is in the forecast for years to come. “It’s desirable because of the climate, taxes and the amenities, attracting a lot of high-end people...I see no decline in this area at all. The attraction is grow- Krotki ing among the high end,” Krotki said.
Before Florida, she lived in the Fairfield County, Ct. area where prices— and taxes—are much higher. When a reporter said what might be $1 million here would be $3 million up there, she said $5 million was more like it. Sotheby’s is coming on strong. The Cornelius office just signed The Watermark luxury condominium project off West Catawba where prices start at $800,000. “This area has a wealth of opportunity,” Krotki said.
22 June 2019 start-ups continued from page 1
ate temperatures. 2. Education: Students of all knowledge levels have a big range of options through public and private schools, which do outreach in the business community. 3. Corporations: Large companies generate other business, such as a Lowe’s bringing a crop of small suppliers. Vagnone said Lake Norman and Cabarrus would be a part of any “metropolitan service area” used for this and other studies, so its data figures into the successful equation. The region has great geography and proximity to airports, which is a strong positive. Lake Norman isn’t far from Charlotte’s international airport and from regional airports in Concord and Statesville.
Diving into the data The WalletHub study took a detailed look at 19 metrics organized into one of three categories: • Business environment: Length of average workweek, average growth in number of small businesses, business-revenue rate, startups per capita, five-year survival rate, job growth, industry variety and entrepreneurship index. • Access to resources: Finance accessibility, venture investment, prevalence of investors, available human capital, higher-education assets, share of college-educated people and working-age population growth. • Business costs: Office space affordability, labor expense, corporate taxes and cost of living. BizBuySell, a business-analysis site, gives an overview of local-business averages. The median asking prices of a small business for sale in Charlotte at the end of Q1 was $270,000, which is down about $25,000 from Q1 of 2018. Median revenue for Q1 slipped since 2018, coming in at $501,550 against last year’s $549,213. Average, annual, cash flow amounts held steady around $119,700. During Q1 in the Charlotte-ConcordGastonia area, 33 businesses were bought and sold. The BBS report states that owners asked for – on average – a revenue multiplier of 0.66 and a cash-
Editor Dave Yochum email@example.com Production Director Darren Versace firstname.lastname@example.org Contributors Erica Batten, Dave Friedman, Cheryl Kane, Dave Vieser, Cathryn Piccirillo Sherman, Vickie Weant To Advertise call
Joe Vagnone flow multiplier of 3.01. Prices on those three businesses were between $60,000 for a small landscaping company and $875,000 for a moving and shipping business. Of the 33 regional business sales during Q1, six involve food and the others involve a service, for example a sign company, commercial kitchen cleaners, a medical clinic and an e-commerce logistics firm. BizBuySell’s active-listing data shows the biggest category as the businesses with an asking price of $100,000 to $200,000, which represents about 24% of the opportunities available in the sales region. According to a Cushman & Wakefield 2019 Q1 report, the cost per square foot of business space in the Charlotte metropolitan service area ranges from $13 per square foot in Cleveland County to more than $31 per square foot in uptown. New York, San Francisco, Washington D.C., Boston and Miami typically top the list for most-expensive business space. High-end rates of an explosive 2017-2018 period land north of $70 per square foot per year, while the lowest rates in big cities range anywhere from $18-$20 per square foot per year. The Charlotte area “Northeast I-77” lists in the WalletHub study with an average price of $22 per square foot. The report states the area has a total inventory of buildings with approximately 7.6% vacancy.
Contributing factors Vagnone has been brokering small business deals for more than three decades and said he’s amassed a da-
tabase of about 14,000 contacts. His educated guess is that the local business-generation market mimics that database, which is about 60% comprised of out-of-state contacts. Zooming out along the East Coast, Vagnone said North Carolina pops up in many favorable lights such as quality-of-life comparisons and the recent small-business comparison. He fields calls from lots of prospective buyers looking to get more for their money and comparing the costs of labor, property and sales taxes, housing and utilities. He said it isn’t uncommon to see someone in New York, New Jersey, Michigan, California or another hightax, high-cost state sell a house in their home market then use that capital to finance a move, another house and often a small business. “People change their careers an average of seven times,” Vagnone said. He consults with a lot of them looking to start a new life chapter. If somebody moves here for access to the coast or mountains, a new job or a better cost of living, Vagnone said it’s common for that person’s spouse or other family member to resettle as an entrepreneur. Vagnone gives an example of a former Fortune 500 CEO who moved into Charlotte and bought a mold-remediation business. He said though the business and tax climates are ever-changing, outof-state entrepreneurs see themselves as better off in North Carolina. Out-oftowners also tend to have less anxiety about express lanes than do natives and current residents.
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COMMANDERS: Nancy & Jeff Tarte • AlphaGraphics • The McIntosh Law Firm, P.C. • Davidson Wealth Management • Brent & Amy Sparks • Jack & Terri Lippy • Chuck Aaron • Christopher & Robbie Davis • Short Family Foundation • Troy & Della Stafford • The Range at Lake Norman • Serious Dough • The Lake Norman Company • North Harbor Club • Lake Norman Kiwanis • Kerri & Joshua Dobi • Cool Breeze Cycles • Tom Francomano • Jim & Juliann Toya • Lake Norman Realty • Tracy & Gary Davis • Park Avenue Properties • E2 EMC FRIENDS OF BIG DAY: Denis & Chantal Bilodeau • Integrity Heating & Cooling • KS Audio Video • Al and Cathy Bentz • Dirk Tischer & Heidi Hansen • Lisa Alexander • Donna Askew • Sally & Chris Ashworth • Washam Properties LKN, LLC • Master Title • Deborah Young • Margaret & Blair Boggs • Michael & Ann Miltich • Chaz Beasley • Pat Cotham • Tom & Ann Dutton • John & Nancy Aneralla • Ami Jackson • Marvin & Carol Lee • Karen Tovar • Kurt & Maria Naas • Margaret Holzworth • Dan & Tracey Stehle • Dixie Dean & Christina Stone • Lois and Bob Watson • David Fleg • Rose & Associates • Thurman Ross • Tom Balousek • PostNet • The Peninsula Club • Dave Vieser • The Peninsula Yacht Club • Jon Dressler / Dressler’s Restaurant • Lenore Cuyler
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Under Contract REDUCED $2,899,000 | Waterfront Elevator | Pool |Cornelius
$2,400,000| Waterfront | The Peninsula| Pool & Hot Tub | Outdoor Kitchen
$425,000| Commercial Lot | Huntersville 1.25 Acres | Zonesd HWY Commercial
REDUCED $2,881,439 | Waterfront | Cornelius Private Dock | 4 Car Garage
$3,305,000 | Waterfront | Huntersville Private Dock | Master on Main
JUST LISTED $2,549,000| Waterfront| The Peninsula Private Dock| Elevator | Walk out Basement
$1,899,900| | Waterfront Private Dock | Master on Main
$1,455,000| 0.66 acres | Waterfront Lot Just off Jetton Road in Cornelius
$3,799,000 | The Peninsula | Waterfront Pool & Hot Tub | Huge Views | Private Dock
JUST LISTED $3,950,000| Waterfront Located in Cornelius| 1.48 acres | 9400+ sq ft
$899,000 | Waterfront | Cornelius New Carpet and Paint |Private Dock
REDUCED $1,124,900| The Peninsula Golf Course View | 3 Car Garage
Lance Carlyle 704-252-0237
Marci Carlyle 704-451-8399
Jim Carlyle 704-252-3047
Terry Donahue 321-402-8543
Terry Byars 704-728-9775
Blaire Cohn 678-591-6621
Al Strickland 704-201-7244
Tammy Godwin 704-650-0296
Michael Green 704-954-4489
19520 W Catawba Ave Suite 113 | Cornelius, NC 28031 | 704-895-4676 Office | www.CarlyleProperties.com