Spectrum-Properties: N.C. commercial real estate firm announces new fund for up to $500M in projects

Spectrum Properties, a Charlotte commercial real estate firm with a strong base also in the Triangle, has a new name, executive and investment fund. The Spectrum Cos., as it's now called, has a new fund that enables it to buy and develop up to half a billion dollars in commercial and multifamily development in the Southeast. The firm has also named Steve McClure, who formerly led the company's residential division, as chief operating officer. "Our vision is to more than double the size of our...