Business

Charlotte office tower sells for $108M

May 6, 2015

(The Charlotte Observer)

A 20-story office tower in downtown Charlotte has sold for nearly $108 million. The 565,000-square-foot building is 83% leased, with Bank of America as its largest tenant. The buyer is a corporation affiliated with Cornerstone Real Estate Advisers.

AOL's Case say Triangle needs access to capital

May 6, 2015

(WRAL TechWire, Raleigh)

AOL co-founder Steve Case said the Triangle has plenty of talent, but entrepreneurs need access to more capital to achieve success. Case stopped in Raleigh and Durham Tuesday as part of his five-city Rise of the Rest tour, which celebrates entrepreneurs. He awarded $100,000 to Archive Social, a 3-year-old Durham-based startup, in a local pitch competition.

Raleigh Chamber names new CEO

May 6, 2015

(The News & Observer, Raleigh)

Tim Guiliani was named CEO of the Greater Raleigh Chamber of Commerce. Guiliani, 33, led since 2012 the Gainesville Area Chamber in Florida, where he helped attract nearly $400 million in capital investment. He replaces longtime CEO Harvey Schmitt, who announced his retirement in October.

Davie approves incentives for manufacturer to add 50 jobs

May 6, 2015

(Winston-Salem Journal)

Davie County commissioners approved nearly $800,000 in incentives for Avgol to expand its Mocksville manufacturing plant. The company plans to add 50 jobs to its existing 220 and will add 100,000 square feet. The Israel-based company makes nonwoven materials for baby diapers and other products.

Lassiter says incentives essential to luring jobs

May 6, 2015

(The Charlotte Observer)

John Lassiter, chairman of the Economic Development Partnership of North Carolina, said the state legislature's delay in passing an incentives bill is hurting the state's chances to attract businesses.

Charlotte's Duke Energy invests in $3B pipeline

May 6, 2015

(The Charlotte Observer)

Duke Energy will invest about $225 million in a proposed $3 billion natural-gas pipeline that will run through Alabama, Georgia and Florida.

Wilmington tourism leader predicts strong season

May 6, 2015

(Greater Wilmington Business Journal)

A tourism-industry official said the Wilmington area has seen a steady increase in tourism spending in recent years and predicts that trend will continue. "We believe that we could very well see our best summer yet," Kim Hufham said. Hufham is CEO of the Wilmington and Beaches Convention & Visitors Bureau.

Daimler adding 605 jobs in Gaston County

May 5, 2015

(The Charlotte Observer)

Daimler Trucks North America will add 605 jobs at its Freightliner truck manufacturing plant in Mount Holly. The Portland, Ore.-based company plans to add a third shift by mid-July to meet demand for its medium-duty and severe-duty trucks.

Alamance approves incentives for grocer to bring 200 jobs

May 5, 2015

(The Times-News, Burlington)

Alamance County commissioners approved incentives for German grocery chain Lidl to build an 850,000-square-foot regional headquarters and distribution center that would create 200 jobs. The company plans to begin opening stores in the U.S. by 2018.

BofA will let shareholders vote on combining CEO, chairman roles

May 5, 2015

(The Charlotte Observer)

Reversing its previous stance, Bank of America will allow shareholders to vote on its decision to combine CEO and chairman roles. The bank decided in October to change its bylaws and give CEO Brian Moynihan the chairman title. A company spokesman said the vote won't occur at this year's annual meeting, scheduled for Wednesday in Charlotte.