Business

Projects transforming downtown Durham

February 5, 2015

(The News & Observer, Raleigh)

Austin Lawrence Partners began site work last week on a 27-story tower in downtown Durham. The Aspen, Colo.-based developer also plans to renovate the adjacent Jack Tar Hotel and five historic buildings.

NC to receive $21.5 million in S&P settlement

February 4, 2015

(The News & Observer, Raleigh)

Standard & Poor's will pay $21.5 million to North Carolina as part of a $1.38 billion national settlement over practices that may have contributed to the financial crisis in 2008. Federal and state official accused the credit-rating agency of inflating ratings of risky mortgage investments in order to keep its clients happy.

Randolph commissioners OK $4.2M for megasite

February 4, 2015

(News & Record, Greensboro)

Randolph County commissioners voted 4-1 to spend $4.2 million to buy 255 acres of land that will become part of a megasite it hopes will lure an auto manufacturer to the state. 

Charlotte, Raleigh suburbs among best places in NC for families

February 4, 2015

(The Charlotte Observer)

Personal-finance website NerdWallet evaluated North Carolina cities based on factors including home affordability and quality of education to see which ones were best for young families. Charlotte suburb Waxhaw was ranked No. 1, followed by Marvin and Holly Springs. Eight of the top 10 cities were in the Charlotte and Raleigh metropolitan areas.

Morrisville digital-marketing company plans IPO

February 4, 2015

(The News & Observer, Raleigh)

Morrisville-based MaxPoint Interactive plans to raise as much as $75 million in an initial public offering, according to an SEC filing. The company makes and sells software that helps companies identify consumers who live in neighborhoods with particular demographics.

'Sleepy Hollow' gave New Bern economic boost

February 4, 2015

(Sun Journal, New Bern)

The Fox TV show "Sleepy Hollow" had an estimated $250,000 economic impact on New Bern and provided significant exposure for Tryon Palace, according to the New Bern-Craven County Convention and Visitors Center. Fox has said it plans to move production to Atlanta if the show is renewed for a third season.

 

Barksdale named CEO of Carolina Premier Bank

February 4, 2015

(The Charlotte Observer)

Charlotte-based Carolina Premier Bank named David Barksdale – previously chief strategy officer for Greensboro-based NewBridge Bank – president and CEO. He replaces John Kreighbaum, who announced his resignation as head of the community bank in August.

Thomas Built announces leadership change

February 4, 2015

(Winston-Salem Journal)

Caley Edgerly will become president and CEO of Thomas Built Buses March 1. He has served as vice president of operations since 2012. Current CEO Kelley Platt was appointed general manager of Western Star, a Daimler Trucks sister company. In October, the High Point-based school-bus manufacturer announced an expansion that will add 236 jobs in 2015.

Durham-based Dilweg buys Charlotte office tower for $25.3M

February 3, 2015

(The Charlotte Observer)

Durham-based The Dilweg Companies paid $25.3 million for the 17-story Johnston Building in downtown Charlotte. The 172,000-square-foot building was Charlotte's tallest building when it opened in 1924. Dilweg, which acquired the 32-story 121 West Trade in 2013, now owns 850,000 square feet of office space in Charlotte.

Wells Fargo still most valuable banking brand

February 3, 2015

(Winston-Salem Journal)

Brand Finance again ranked San Francisco-based Wells Fargo as the most valuable global banking brand. Charlotte-based Bank of America fell three spots to sixth place on the global ranking. BofA came in at No. 3 on the U.S. rankings, behind top-ranked Wells Fargo and New York-based Citi.