Newspapers / The Charlotte Post (Charlotte, … / Feb. 11, 1988, edition 1 / Page 4
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Page 4A - THE CHARLOTTE POST - Thiiraday, February 11. 1988 Charlotte Cited As Market Of Opportunity Reedy Carter Carter Named C.D. Director Assistant County Manager Jo seph E. Bradshaw today an nounced the appointment of Re edy Carter as Community De velopment Director for Meck lenburg County. Carter, 34, has worked In com munity development and hous ing sir 1982. He has for the past year served as Community De velopment Director In Warren County (Warrenton), N.C, He was responsible for profession al and administrative work In planning and Implementation community development activi ties. Prior to his work for Warren County. Carter worked for three years as Executive Director of the Winston-Salem Neighbor hood Housing Service. Carter holds a Master of Pub lic Administration Degree from the University of North Carolina at Chap>el Hill. He was a px)lltl- cal science major at Winston- Salem State University where he earned an A degree. Carter Is a First Lieutenant In the U.S. Army Reserves. He served as a Military Policeman In the U.S. Army from 1975-78. He Is active In the National Association of Housing and Re development Officials (NAHRO) and the American Society of Public Administrators. In addi tion he Is a member of the Re serve Officer Association. In announcing Carter's ap- pwolntment, Bradshaw said, "He was selected because of his ex tensive experience In Commu nity Development Block Grant programs and other relevant housing experience." As Community Development Director, Carter will be respen- slble for administering the Small Cities Community Devel opment Block Grant programs. He will Initially work with the Hemphill Heights neighbor hood in Mecklenburg County and on behalf of the town of Huntersville. Charlotte. NC -- Charlotte has been identified as one of the top 1988 U.S. commercial Invest ment real estate "Markets of Op portunity" by The Real Estate Investment Journal, a publica tion of Century 21 Real Estate Corporation. Selection of the 21 "Markets of Opportunity" Is made each year based on a criteria of measure ments. such as growth and oc cupancy rates, plus Interviews with some of the top commer cial Investment acquisition and marketing specialists In the country. The list of markets Is Intended as a guideline for large and small Investors, and Is NOT a blanket endorsement of prop erties and locations. "We're not Just targeting mar kets. we're targeting projects." explained Van Pell. Executive Vice President of Balcor Co. "We're very cautious of all mar kets In 1988. We're looking for situations where a particular lo cation or site or project seems to command some sort of a niche In the marketplace. In ad dition to being In a market we like. Burt Glazov, Executive Vice President of JMB Realty Corp., added: "If a deal makes eco nomic sense, we'll probably do It" Robert Flddaman. President of Fox Capital Corp.. the market ing division of The Fox Group, stressed the Importance of "finding growth markets that haven't been too overbuilt - those with a hlgher-than- average growth In both pxjpula- tlon and Jobs. That's the real challenge today." The three syndication firm ex ecutives agreed that selectivity Is the key. whether It be for a megabuck property packaged and sold through public syndi cation or a small rental propjer- >y- "We feel that the Investor Is looking for safety and yield, par ticularly after what has hap pened recently In the stock and bond markets." observed Fldda man. ^ Charlotte's office market Is one of the nation's tightest, with vacancy rates In some areas un der 10%. The region's overall economic strength and strong outlook for the long term have convinced developers and In vestors that the city Is a good Investment. Office space ab sorption Is strong, prompting attention from many quarters, including other regions of the Southeast. Century 21 Real Estate of the Carollnas. Inc. repx)rted that a substantial amount of the 1987 sales volume from their 223 franchise offices was due to commercial/investment activi ty- "The Southeast has enjoyed a great dead of growth and our commerclal/lnvestment real estate activity has Increased dramatically over the past two years." said John Tice. President of the CENTURY 21 Regional Headquarters located In Char lotte. Most of the CENTURY 21 com merclal/lnvestment business Is handled by members of the CENTURY 21 Investment Socie ty. a membership of the organi zation's real estate agents spe cializing In commercial/ Investment transactions. These agent have completed a series of courses provided by the CEN TURY 21 CareerTrait Training program to earn professional designations of Investment Specialist. To meet the growth and poten tial of sales In the Southeast, the Carolina CENTURY 21 In vestment Society hosted an "East Coast Connection" to mar ket properties via a teleconfer ence network between Char lotte. Woodbrldge (NJ) and Orlando. January 20-21. From those three locations. 207 CEN TURY 21 Investment Special ists. representing buyers from 69 cities In 11 states, viewed commercial/investment proper ty portfolios with values ranging from $100,000 to $8 million. The two day teleconference gen erated preliminary offers total ing $622 million and cash buy ers representing $4-1/2 billion. The use of the teleconference concept for sale of real estate is unique to the CENTURY 21 sys tem. "With more than 6.700 of fices in the United States. Cana da. Japan and Western Europ>e. and over 750.000 real estate professionals, exposure for properties marketed by CEN TURY 21 is unlimited." com mented Tice. Century 21 Real Estate Corp.. a subsidiary of Metropolitan Life Insurance Company, is the world's largest real estate sales organization. Established In 1974. CENTURY 21 has achieved an 11% marketshare In real estate sales, and Is ad ding Insurance and mortgage banking to their line of services. Subscribe Today! Call: 376-0496 Why Settle For Any Other Newspaper? For All Your Community Affairs... Look To The Post For Your Answers. "I NEEDEDAJ0B...S0I DID SOMETHING ABOUT w: ”1 ENROLLED IN THE Medical Office Assistant PROGRAM AT RUTLEDGE... NOW I'M LEARNING A LIVING." SPECIALIZED TRAINING FOR TODAY'S JOBS • Day and Evening Classes • Financial Aid Available for those who qualify • Small Classes • Job Placement REGISTER NOW! 332-2625 I'm Ready For A Job! NAME RUTLEDGE COLLEGE '1 ADDRESS CITY STATE ZIP. ■ PHONE 610 E. MOREHEAD STREET .CHARL0TT.E...NzC, 28202 ACCREDITED AlCS Howmaiwreasomaie there to nde the etpress bus! i I MONTHLY PARKING J M \0, 0D Amr pmme Lots. Cnm'ded parking lots and high monthly parking fees. They re enough to drive any aim- muter to distraction. But fortunately, there’s a way amund all of this: Ride the express bus instead. An express bus costs just $1.00 one way. Or you can get a monthly pass for only $30.00. So if you’re paying, say, $50 a month for parking now, and you got an express bus pass instead, you’ll save $20 a month — or $240 a year—on parking alone. Factor in ras, car upkeep and other expenses, and you could salt away enough money for a terrific vacabon. VVhat’s more, many people find rid ing the bus more convenient than driv ing their cars. Because our buses drop them closer to their offices than where they used to park. For more information on all our routes, plus directions to the free park and ride lot nearest you, call 336-j366 CharlotteTi^nsit
The Charlotte Post (Charlotte, N.C.)
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Feb. 11, 1988, edition 1
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