Business

Raleigh OKs office tower in warehouse district

September 2, 2015

(WRAL.com)

Raleigh City Council approved a rezoning that will allow Kane Realty to build an office tower of up to 20 stories in the city's warehouse district. The structure will incorporate an existing Dillon Supply warehouse and include 210,000 square feet of office space and 260 apartments.The 2.5-acre site is adjacent to the Union Station transit hub, currently under construction.

Pest control pay day: $425 million for Charlotte company

September 2, 2015

Rentokil Initial, a British business-services company, agreed to by the Steritech Group, based in Charlotte, for $425 million.

Cabarrus economic developers court varied projects

September 2, 2015

(The Independent Tribune, Concord)

Economic developers in Cabarrus County have fielded inquiries from numerous companies that are considering locating in the region. An unnamed manufacturer could add 120 jobs, while a printing company is looking at creating 200 jobs. Energy and construction-materials companies are also looking at Cabarrus.

Durham's Scioderm acquired for $229M

September 1, 2015

(The News & Observer, Raleigh)

New Jersey-based Amicus Therapeutics could pay up to $947 million for the Durham startup if Scioderm's experimental treatment for a rare skin disorder is approved by the FDA. Zorblisa is a skin cream used to treat Epidermolysis bullosa, which causes blistering rashes and affects 30,000 to 40,000 people.

Charlotte's AT&T Plaza sells for $45.5M

September 1, 2015

(The Charlotte Observer)

Stream Realty Partners paid $45.5 million for the 360,000-square-foot AT&T building in downtown Charlotte and is planning extensive renovations, including a new facade, new lobbies and new retail space. AT&T is relocating employees to offices off West Tyvola Road.
Related: Charlotte's office vacancy rate down to 13.5%

Dispute over Yadkinville hospital closure could head to trial

September 1, 2015

(Winston-Salem Journal)

A lawsuit over the closing of Yadkin Valley Community Hospital could go to trial next June. The county claims the hospital's operator, HMC/CAH Consolidated, and its parent company breached their contract by abruptly closing the 20-bed hospital on May 22 (Statewide, July).

Smithfield ditching Murphy-Brown name

September 1, 2015

(Sampson Independent)

Smithfield Foods Inc., the Chinese-owned pork producer with a long history in North Carolina, is renaming its Murphy-Brown unit Smithfield Hog Production Division. Smithfield is centralizing operations to put its 48,000 employees under the same brand name. Former state Sen. Wendell Murphy sold his Murphy Family Farms Inc. to Smithfield in 2000, then served as a company director for many years. The company was acquired by China-based Shuanghui International Holdings Ltd. for $7.1 billion in 2013.

Here's a history of Smithfield Foods:  http://hamptonroads.com/2013/05/timeline-history-smithfield-foods

Longtime BB&T executive Wilson dies at 60

September 1, 2015

(The Wilson Times)

Former BB&T VP and operations division manager Charles Leon Wilson III died at home Sunday following a two-year battle with a brain tumor. He was 60. Wilson worked for BB&T for 38 years and was a member of the executive management team for more than 15 years. Winston-Salem-based BB&T was started in Wilson in 1872 and still maintains its largest employee base there.

CLT still seventh-busiest airport in the world

September 1, 2015

(The Charlotte Observer)

Charlotte Douglas International Airport had 545,178 takeoffs and landings in 2014, a 2% decrease from the year before but enough to maintain its position as the seventh busiest airport in the world; Chicago was the busiest. Based on passenger traffic, Charlotte doesn't rank in the top 10 internationally.

CBS cancels 'Under the Dome'

September 1, 2015

(Wilmington StarNews)

CBS said Monday it will not renew Under the Dome, the TV drama series filmed in the Wilmington area for the last three seasons. The network's president had said in July the show probably would not return to Wilmington if renewed for a fourth season after the state legislature reduced film incentives.