High-tech startups lay it on thick in Triangle
“With that bit out of The Guardian on NSA collecting phone records of Verizon customers — everyone thought it best to not make the announcement just yet.”
— A June 6 email from interim Associate Vice Chancellor Randy Avent to N.C. State University administrators. More than two months later, the school announced it had received a $60.8 million grant, the largest in its history, from the National Security Agency to build a data-analysis lab on its Centennial Campus
in Raleigh. School officials say it will not be part of NSA’s mass-surveillance programs.
Source: The News & Observer, Raleigh
Apex’s rank on Money’s list of the best 50 small towns in the U.S. The magazine noted residential-housing permits were up 60% in the first quarter compared with 2012.
RALEIGH — WakeMed Health & Hospitals will lay off 111 of its 8,500 Triangle employees as the health system anticipates losing $15 million for the fiscal year that ended in September. Most of the cuts will come from shuttering a 15-year-old nursing home in Fuquay-Varina. WakeMed officials say federal and state policy changes will cut hospital revenue by $23 million.
RALEIGH— Highwoods Properties completed a public offering of 4.3 million shares of common stock, raising $150.9 million. The Triangle’s largest commercial landlord will use the proceeds on property acquisitions and new developments as well as general business purposes.
RALEIGH — A bankruptcy-court judge approved the sale of Seaboard Station in Raleigh to William Peace University for $20.8 million. The order allows the school to invest nearly two-thirds of its $33 million endowment to acquire the 90,000-square-foot shopping center. Its previous owner, Raleigh-based Gregory & Parker, filed for bankruptcy in 2012.
SANFORD — Central Carolina Hospital named Ronald Groteluschen chief financial officer. Groteluschen has more than 30 years of financial-management experience, mainly in the health-care industry. Most recently, he was controller of Frye Regional Medical Center in Hickory.