A new research paper by an urban design scholar at the University of North Carolina – Charlotte provides some important insights on a controversial approach to zoning and land use, and how its use can help or hinder economic development.
Consultant Recommends Structural Overhaul of City/County Development Review & Building Permit Process
A report released this week on the development review and construction permitting by Gartner Consulting is recommending substantive changes in the governance structure, which is currently split between the City of Charlotte and Mecklenburg County.
Last night the United States House of Representatives passed legislation extending through 2014 a number of tax breaks critical to the residential and commercial real estate industries. The United States Senate has not yet scheduled a vote on the measure.
Expect a bright year ahead in 2015 for the U.S. commercial real estate market: The National Association of REALTORS® projects rent increases and tighter vacancy rates.
“Solid economic growth in the third quarter proved that the second quarter wasn’t an anomaly, as business spending increased, commercial construction rose, and the labor market continued to make positive strides,” says Lawrence Yun, NAR’s chief economist. “Job growth is the catalyst to improved demand for commercial real estate leasing and new construction projects.”
The resolution of those issues will be key in determining whether other legislation sought by the real estate industry makes it over the finish line before Congress adjourns for the year. Continue reading
At a meeting this week of City Council’s Transportation & Planning Committee, Assistant City Manager Ann Wall provided a brief update to council members regarding the ongoing city-county review of the building permitting and inspection process. The review is being conducted by the consulting firm Gartner & Associates, and preliminary findings are likely to be released later this week. Continue reading