Business

BofA names Ellington president of Triad market

October 6, 2014

(Winston-Salem Journal)

Bank of America Corp. named Greenboro-based Derek Ellington president of its Triad market. He replaces Steve Frost, who retired after 20 years with the bank.

14-story office tower coming to Charlotte's South Tryon

October 3, 2014

(The Charlotte Observer)

Trinity Capital announced plans to build a 14-story office tower at Morehead and South Tryon streets in Charlotte. Construction will begin on the project, which will include 300,000 square feet of office space and ground-level retail, once an anchor tenant is signed.

Greensboro's Bell Partners, DRA Advisors sell $1.8 billion apartment portfolio

October 3, 2014

(News & Record, Greensboro)

Greensboro-based Bell Partners and New York-based DRA Advisors sold more than 20,000 apartments to Lone Star Funds for $1.8 billion. The properties were originally part of a joint venture between the two companies. Bell Partners will continue to manage the properties, which are located in 64 communities across the United States.

Mulch supplier to open Mooresville office, create 33 jobs

October 3, 2014

(The Charlotte Observer)

Harvest Garden Pro will open a division headquarters in Mooresville, creating 33 jobs with an average annual salary likely to exceed $70,000. The company, a division of Waltham, Mass.-based Harvest Power Inc., sells mulch and soil to garden centers and home-improvement retailers including Mooresville-based Lowe's.

Robeson County has highest rate of ACA signups

October 3, 2014

(The News & Observer, Raleigh)

A UNC Chapel Hill analysis shows 49.9% of of eligible Robeson County residents enrolled for health insurance under the Affordable Care Act, the highest percentage in the state. The eastern N.C. county has the state's highest poverty rate according to 2013 U.S. Census estimates (cover story, September)

4,000 pigs destroyed in fire at Moore County farm

October 3, 2014

(The Fayetteville Observer)

An overnight fire destroyed a building housing 4,000 pigs at N.G. Purvis Farms in Robbins. Firefighters battled the blaze until about 3:00 a.m. Thursday morning.

NC DOT proposes demolishing Wilmington buildings for transportation hub

October 3, 2014

(StarNews, Wilmington)

The N.C. Department of Transportation wants to to demolish four buildings in a Wilmington historic district to make way for a downtown transportation center. The executive director of the Historic Wilmington Foundation says he plans to talk to state officials about incorporating one of the existing structures into the proposed center's plans.

 

CBS trades seven Charlotte radio stations

October 3, 2014

(The Charlotte Observer)

CBS Radio will trade seven Charlotte radio stations to Naples, Fla.-based Beasley Broadcast Group in exchange for stations in Philadelphia and Miami. The Charlotte stations account for 32% of listeners in the local market according to Nielsen's September rankings.

Novant to exit management of Gaffney, SC hospital

October 3, 2014

(Winston-Salem Journal)

Novant Health signed a letter of intent to allow a subsidiary of Franklin, Tenn.-based Community Health Systems acquire 125-bed Gaffney Medical Center in South Carolina.

Charlotte-based Carlisle Cos. acquires Singapore company for $195M

October 3, 2014

(The Charlotte Observer)

Carlisle Cos. paid $195 million for LHi Technology, a Singapore-based company that makes components for medical devices. The Charlotte-based manufacturer employs about 8,200 people worldwide, including about 80 in Charlotte.