CHARLOTTE-The developer is bucking a sluggish six-month trend in speculative development with its warehouse/distribution project under way at Northpark Business Park, a north Charlotte submarket where second-quarter vacancies have climbed to 10.4% from 8.9%.

CORNELIUS, NC-CTC Communications has signed an agreement with Charlotte developer Charter Properties to become the official telecommunications provider for Redcliffe at Kenton Place LLC, a multifamily development in Cornelius, just north of Charlotte.

ROCKY MOUNT, NC-Houston-based Enron is considering building a gas-fired generating plant north of Rocky Mount to sell electricity to Virginia Power. But the gas distribution company serving that part of the state hasn't agreed to provide the city with the additional gas needed to fuel the new plant.

RALEIGH, NC-Although Edwards Theaters has filed for protection from its creditors under Chaper 11 of the U.S. Bankruptcy Code, California-based developer PLC Commercial is going ahead with plans for MarqE, the entertainment component of a planned open-air retail and dining complex here just off Capital Boulevard.

CHARLOTTE-The Charlotte region is expected to begin a five-year slowdown that could approach a 24% decline from last year's $4.4 billion total value of projects, predicts F.W. Dodge, McGraw Hill of New York. Karnes Research Co. of Atlanta, however, projects the commercial sector's solid growth will continue.

CHARLOTTE-Double Diamond Resorts also wants to buy unfinished properties such as Regent Park, the former Heritage USA project started by evangelists Jim and Tammy Baker.

RALEIGH, NC-With backing from a New York investment firm, Greenville, SC-based NewSouth Communications has decided that North Carolina's Research Triangle is where it wants to invest $15 million over the next year.

CHARLOTTE-The Queen City has about 31 million sf of office space with roughly 12 million sf located in the central business district, according to a CB Richard Ellis Inc. analysis. The overall vacancy rate dropped to 8.1% in first quarter 2000 from 9.1% at yearend 1999. The CBD was 4.3% vacant, down from 4.5% at year-end 1999.