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NC House backs off proposed ban on development impact fees

A bill that proposed to strip North Carolina counties and municipalities of their authority to impose impact and other regulatory fees on new construction was scaled back by a House committee on Thursday. Local officials say doing away with fees on development will shift the burden of growth on existing taxpayers.

Business

Virtual reality expected to shake up future of real estate

MINNEAPOLIS – Nearly a year before Jack Sazama will actually set foot in his new digs at the Spectrum apartments near the University of Minnesota, the freshman strapped on a set of cheap plastic goggles, strolled through his new apartment in virtual reality and then signed a lease.

Business

Tunisia native went from bank branch worker to realty executive

LOS ANGELES – The gig: Annie Ives, 68, is the chief executive of Combined LA/Westside Multiple Listing Service, better known as the MLS/CLAW. With 50 employees, the Beverly Hills company is a customized real estate technology provider that enables its 17,000 members to share information on listed properties. They have access to millions of market listings, including 95 percent of the ones in Southern California through its data share programs and California Real Estate Technology Services.

Videos

New hotel nears completion in downtown Raleigh

Construction nears completion on a Residence Inn by Marriott hotel Thursday, January 19, 2016 in downtown Raleigh. More than 1,000 hotel rooms are slated to open in Wake County in 2017, the most hotel rooms county wide in a single year since 1999.
Travis Long tlong@newsobserver.com
New hotel nears completion in downtown Raleigh 0:41

New hotel nears completion in downtown Raleigh

Tir Na nOg says goodbye 1:41

Tir Na nOg says goodbye

Wendell Falls project back on track 0:42

Wendell Falls project back on track

Watch as a Coast Guard helicopter crew pulls a man from a cruise ship off the NC coast
1:16

Watch as a Coast Guard helicopter crew pulls a man from a cruise ship off the NC coast

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