Business

CEO of Wilmington-based Next Glass makes Forbes list

January 7, 2015

(Greater Wilmington Business Journal)

The 26-year-old founder and CEO of Wilmington-based Next Glass is No. 29 on Forbes' 2015 list of "30 Under 30" food and alcoholic beverage entrepreneurs, which includes chefs, food writers and wine and beer purveyors. Next Glass, which offers an app that helps users identify beers and wines they might like, launched in November and got 250,000 downloads in its first three weeks.

Tupelo Honey introduces new menu

January 7, 2015

(The Charlotte Observer)

Asheville-based Tupelo Honey Cafe is updating its menu, bar menu and interior look to appeal to a new generation of diners, the company said in a news release. Started in 2000 in Asheville, the company now has eight locations in the Carolinas and Tennessee and will expand to Virginia later this year.

Greensboro gaining large spec industrial building

January 7, 2015

McConnell Center Two LLC, a joint venture between Greensboro developer Pete Goria and Richardson Properties LLC, plans to build a 300,000-square-foot speculative building in east Greensboro.

Salix CEO to retire

January 6, 2015

(The Wall Street Journal)

Carolyn Logan will retire as CEO of Raleigh-based Salix Pharmaceuticals by the end of January. The drug maker announced an inventory audit last fall following a report distributors were holding high amounts of its drugs, and CFO Adam Derbyshire stepped down in November. Logan has been CEO since 2002.

Charlotte wants banks to write off NASCAR museum loans

January 6, 2015

(The Charlotte Observer)

Charlotte City Council will vote next week on a proposal that would require Bank of America and Wells Fargo to write off $14.1 million – plus $3.5 million in accumulated interest – in construction loans for the NASCAR Hall of Fame. Under the proposal, the city would make a one-time payment of $5 million toward the $19.1 million loan, and NASCAR would waive past and future royalties on ticket and merchandise sales.

Cumberland County rejects plans for chicken plant

January 6, 2015

(The Fayetteville Observer)

Cumberland County commissioners voted against holding a public hearing on whether or not to offer incentives for Mississippi-based Sanderson Farms to build a chicken-processing plant that would have created 1,000 jobs. The board voted informally in September against moving forward with the project, but the issue was revived following November's election.

Lee County commissioners oppose Duke's coal-ash disposal plan

January 6, 2015

(The News & Observer, Raleigh)

The Lee County Board of Commissioners approved a resolution saying Duke Energy's plan to dispose of coal ash at a local clay mine would create environmental risk and cause economic hardship. 

Study: North Carolina is No. 3 state for relocations

January 6, 2015

(News & Record, Greensboro)

North Carolina ranked third on a 2014 list of Top Moving Destinations. According to the study from United Van Lines, more people moved into the state than out of it last year. Oregon and South Carolina ranked first and second.

Charlotte developer, New York Life buy uptown office tower for $60M

January 6, 2015

(The Charlotte Observer)

Charlotte-based Grubb Properties and an affiliate of New York Life Insurance will acquire the 525 North Tryon Street office tower for $60 million. Orlando, Fla.-based Parkway Properties paid $47.4 million for the 405,000-square-foot tower in 2012. 

New Hanover Regional to expand, renovate ER

January 6, 2015

(Greater Wilmington Business Journal)

New Hanover Regional Medical Center will renovate its emergency department and add 12,600 square feet at its main campus in Wilmington. The renovation will increase the number of patient exam rooms from 48 to 73. Construction is expected to begin this spring with an estimated completion date of early 2017.