By Amalia Otet, Associate Editor<\/p>\n
Forbes <\/em>magazine has placed Charlotte among the potential boom cities that are most likely to experience economic growth over the next few years. Despite the recession, the Queen City has done rather well in terms of investments in real estate and infrastructure, as well as population and job growth.<\/p>\n One of the top companies that shows most interest in the Charlotte market is Lennar Corp., which recently ranked No. 4 in a list, compiled by the Charlotte Business Journal<\/em>, designed to highlight the area\u2019s largest home builders, based on a review of the number and value of construction permits granted in 2010. Headquartered in Miami, the company builds affordable, retirement homes in 17 different states in some of the best-performing markets in the nation, including North Carolina. Its Charlotte division comprises 19 communities featuring single-family homes in high-quality locations throughout the entire Charlotte metro area and the company’s plan is to continue growing. According to the\u00a0 Mecklenburg Times<\/em>, Lennar has recently hired a home consultant who will\u00a0offer assistance to potential home buyers.<\/p>\n In other news, Crosland, a Charlotte-based company specializing in the development, marketing and management of residential and commercial properties, has chosen the most pragmatic solution to fend off the negative effects of a troubled real estate market. The company\u2019s board of directors decided to sell its operating divisions and focus mainly on asset management rather than development as part of a strategic plan designed to maximize the value of the current portfolio. \u201cWe decided that this was the best way to deliver quality real estate services and demonstrate Crosland\u2019s commitment to its partners and the community. \u2026This is a logical evolution of our company given current economic conditions,\u201d said John Crosland, Jr. in a press release. So far Crosland has managed to divest two of its divisions to companies led by former Crosland executives; Ravin Partners, one of the most active developers in the Southeast, recently purchased Crosland\u2019s market-rate multifamily development and construction departments; Reader and Partners, a full-service real estate development firm, has acquired part of Crosland\u2019s land and community development units, encompassing projects developed in the Orlando, Tampa and Raleigh\/Durham areas.<\/p>\n","protected":false},"excerpt":{"rendered":" By Amalia Otet, Associate Editor
\nForbes magazine has placed Charlotte among the potential boom cities that are most likely to experience economic growth over the next few years. Despite the recession, the Queen City has done rather well in terms of […]<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004053624","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"\n