Spectrum-Properties: Spectrum Properties repositions, announces new investment fund

Spectrum Properties, a Charlotte commercial real estate firm with a strong base also in Raleigh, 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 company...