Business

Duke conference center to close for renovations

December 5, 2014

(The Herald-Sun, Durham)

Foodservice provider Aramark will close a conference center at Duke University's Fuqua School of Business for renovations in late January, affecting 67 employees. The center will reopen after 18 months.

 

GSK to cut 900 jobs at RTP

December 4, 2014

(The News & Observer, Raleigh)

London-based pharmaceutical company GlaxoSmithKline will cut 900 jobs at Research Triangle Park as part of a global corporate restructuring. Half of the affected employees will be offered jobs in a newly created business unit GSK is creating with Boston-based contract research organization Parexel. GSK employs 4,500 workers in RTP. Employees at a Zebulon manufacturing plant will not be affected by the cuts.

PPD founder Eshelman donates $100M to UNC

December 4, 2014

Fred Eshelman pledged $100 million to create a new research institute at UNC Chapel Hill's pharmacy school that bears his name. It's the largest individual donation the university has ever received. Eshelman founded Wilmington-based Pharmaceutical Product Development, which was sold in 2011 for $3.9 billion. 

Wilmington completes riverfront land sale to hotel group

December 4, 2014

(Greater Wilmington Business Journal)

Despite a pending legal challenge, the city of Wilmington completed the sale of a .76-acre riverfront property to Harmony Hospitality, which plans to build a $33.6 million Embassy Suites hotel there. The site is adjacent to the Wilmington Convention Center, which opened in 2010. A rival hotel group had challenged the sale, contending the city was offering to sell the land to Harmony below market value.

Charlotte office tower for sale

December 4, 2014

(The Charlotte Observer)

The 20-story 101 Independence Center at Trade and Tryon streets in uptown Charlotte is for sale. Bank of America is the largest tenant in the 565,000-square-foot building, which is owned by KBS and Gramercy Property Trust. A source reports the asking price is $120 million.

Charlotte's Olde Mecklenburg named top brewery tour in US

December 4, 2014

(USA Today)

Olde Mecklenburg Brewery in Charlotte won USA Today's 10Best readers' poll for best brewery tour in the nation. Burlington, Vt.-based Magic Hat Brewing came in second, while Fort Collins, Colo.-based New Belgium Brewing – which broke ground in May on an East Coast brewery in Asheville – was third.

Raleigh incubator expanding to Greensboro

December 4, 2014

Raleigh-based business incubator HQ Raleigh, which hosts more than 90 companies at its downtown Raleigh offices, is expanding to Greensboro in a partnership with Gate City developer Andy Zimmerman.

NC awards innovation grants to 13 startups

December 4, 2014

(WRAL TechWire)

North Carolina awarded grants totaling more than $640,000 to 13 companies to help fund research and development. Twelve of the recipients are based in the Triangle area, while one – Seatox Research – is based in Wilmington.

Highwoods acquires Florida property for $68.3M

December 4, 2014

(The News & Observer, Raleigh)

Highwoods Properties acquired a 16-story office building in Orlando, Fla. for $68.3 million, the company announced this week. With the purchase of the 246,000-square-foot building, the Raleigh-based real estate investment trust now owns 1.5 million square feet of office in Orlando's central business district.

CommunityOne names new market president for Gastonia

December 4, 2014

(The Gaston Gazette)

Charlotte-based CommunityOne Bank tapped Reggie Gaither to be market president and commercial relationship manager for the Gaston County region. Gaither was a relationship manager for Wells Fargo in Charlotte and Gastonia. CommunityOne was formed in 2013 through a merger of Granite Falls-based Bank of Granite and Asheboro-based FNB United Corp.