Business

Former Hanesbrands warehouse in Kings Mountain sold for $17 million

August 28, 2014

(The Gaston Gazette)

A 370,000-square-foot warehouse formerly occupied by Winston-Salem-based Hanesbrands has sold for $17.3 million. Broadway Sarasota LLC paid slightly less than $47 per square foot for the property, which was built in 1995 and owned by Sara Lee Corp., which was later bought by Hanesbrands, until 2010.

Southport hospital plans job cuts

August 28, 2014

(StarNews, Wilmington)

The board of trustees for 25-bed Dosher Memorial Hospital decided to offer early retirement to some employees to reduce staff. The Southport hospital has seen a decline in the number of patients over the past year and had a negative operating margin of 3.06% in fiscal 2013.

Brazilian companies seek to block Chiquita-Fyffes merger

August 27, 2014

(The Charlotte Observer)

Two Brazilian companies who made an unsuccessful bid to buy Charlotte-based Chiquita Brands International presented to an advisory group whose recommendation could help sway shareholders to vote against Chiquita's proposed merger with Dublin-based Fyffes.

Fayetteville officials to hold public meeting on proposed poultry plant

August 26, 2014

(The Fayetteville Observer)

The Fayetteville Regional Chamber will host a public meeting Sept. 2 to discuss Sanderson Farms' proposed $113 million chicken-processing plant. Opponents to the plant, which would create about 1,000 jobs, have voiced concerns over traffic, feathers, noise and potential groundwater contamination.

Redden named new regional president at Wells Fargo

August 27, 2014

(The Charlotte Observer)

Wells Fargo named Rick Redden regional president for the Carolinas. Redden, 44, has been based in Charleston, S.C., as the bank's South Carolina regional president since 2007. He replaces Stan Kelly, who retired at the end of July. 

Wake Forest requests brownfields approval for research park

August 27, 2014

(Winston-Salem Journal)

Wake Forest Innovation Quarter is asking for state help to redevelop a 51.7-acre site in its downtown Winston-Salem research park. A brownfields certification from the state would allow the park to receive tax credits to help pay for cleanup costs of the property, which is likely contaminated due to previous commercial and industrial use.

Wilmington's PPD names new CFO

August 27, 2014

(Greater Wilmington Business Journal)

PPD named Robert Hureau executive vice president and chief financial officer effective Sept. 23. He comes from Centaur Guernsey L.P., a San Antonio, Texas-based medical technology company, where he served in the same roles.

Hemans chosen to expand retail in uptown Charlotte

August 27, 2014

(The Charlotte Observer)

Charlotte Center City Partners has created a new position to bring more retail businesses uptown. Chris Hemans, the economic-development organization's director of business recruitment, will assume the new role as director of retail. 

Highwoods sells 11 non-core properties in Richmond, Va.

August 27, 2014

(The News & Observer, Raleigh)

Raleigh's Highwoods Properties sold 11 buildings totaling 359,000 square feet in Richmond, Va., for $40.7 million. The real estate investment trust has sold $103.4 million of its non-core properties this year.

Akin to become CEO of Cone Health Oct. 1

August 27, 2014

(News & Record, Greensboro)

Terry Akin will become chief executive officer of Greensboro-based Cone Health effective Oct. 1, three months earlier than previously announced. Akin, currently president and chief operating officer, will replace Tim Rice, who is retiring.